Can I retire at age 58 with 15,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,180,685
2 years$613,211$601,790$590,722$579,991$569,581$554,052
3 years$404,746$393,277$382,236$371,606$361,366$346,226
4 years$300,535$289,100$278,170$267,721$257,729$243,095
5 years$238,024$226,658$215,871$205,635$195,922$181,836
6 years$196,364$185,083$174,456$164,448$155,026$141,505
7 years$166,618$155,433$144,974$135,202$126,078$113,127
8 years$144,319$133,234$122,949$113,418$104,594$92,212
9 years$126,984$116,005$105,896$96,607$88,083$76,265
10 years$113,125$102,252$92,323$83,276$75,051$63,788
11 years$101,793$91,029$81,280$72,475$64,546$53,829
12 years$92,356$81,703$72,133$63,570$55,935$45,750
13 years$84,377$73,836$64,446$56,123$48,776$39,111
14 years$77,544$67,114$57,905$49,820$42,757$33,597
15 years$71,628$61,310$52,281$44,430$37,646$28,976
16 years$66,456$56,251$47,400$39,783$33,272$25,076
17 years$61,897$51,805$43,132$35,744$29,501$21,763
18 years$57,849$47,870$39,374$32,213$26,231$18,934
19 years$54,232$44,366$36,045$29,107$23,380$16,506
20 years$50,980$41,227$33,081$26,362$20,884$14,416
21 years$48,042$38,401$30,428$23,925$18,689$12,610
22 years$45,375$35,846$28,044$21,754$16,752$11,045
23 years$42,943$33,526$25,894$19,811$15,037$9,686
24 years$40,717$31,412$23,947$18,069$13,516$8,502
25 years$38,672$29,478$22,180$16,502$12,162$7,470
26 years$36,788$27,705$20,571$15,088$10,955$6,568
27 years$35,046$26,074$19,102$13,811$9,877$5,779
28 years$33,432$24,569$17,757$12,654$8,912$5,088
29 years$31,931$23,178$16,525$11,604$8,048$4,481
30 years$30,534$21,889$15,392$10,649$7,272$3,949
31 years$29,228$20,693$14,350$9,780$6,574$3,481
32 years$28,007$19,579$13,389$8,989$5,947$3,070
33 years$26,863$18,542$12,501$8,266$5,382$2,708
34 years$25,788$17,574$11,680$7,605$4,873$2,390
35 years$24,776$16,668$10,920$7,001$4,413$2,109
36 years$23,823$15,821$10,216$6,448$3,999$1,862
37 years$22,924$15,026$9,562$5,941$3,624$1,644
38 years$22,074$14,280$8,954$5,476$3,286$1,452
39 years$21,270$13,579$8,389$5,049$2,980$1,282
40 years$20,507$12,919$7,863$4,657$2,703$1,133
41 years$19,784$12,298$7,373$4,297$2,452$1,001
42 years$19,097$11,712$6,916$3,965$2,225$884
43 years$18,444$11,159$6,490$3,660$2,019$781
44 years$17,822$10,637$6,092$3,380$1,833$690
45 years$17,230$10,143$5,720$3,121$1,664$610
46 years$16,665$9,676$5,372$2,883$1,511$539
47 years$16,125$9,234$5,047$2,664$1,372$476
48 years$15,610$8,815$4,743$2,461$1,246$421
49 years$15,117$8,418$4,458$2,275$1,131$372
50 years$14,645$8,041$4,191$2,103$1,028$329

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,000,000, adding $2,923 every year, while hoping to spend $39,468 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/20/11 Blend
57$15,000,000$15,000,000$15,000,000$15,000,000
58$16,533,015$15,738,015$15,505,515$17,635,701
59$18,177,389$16,467,184$15,982,956$19,097,082
60$19,988,166$17,230,760$16,475,069$20,690,216
61$21,982,278$18,030,386$16,982,303$22,432,040
62$24,178,382$18,867,787$17,505,121$24,337,155
63$26,597,037$19,744,768$18,044,003$26,421,627
64$29,260,897$20,663,224$18,599,439$28,703,135
65$32,194,926$21,625,140$19,171,938$31,201,136
66$35,426,633$22,632,596$19,762,022$33,937,043
67$38,986,331$23,687,774$20,370,231$36,934,424
68$42,907,422$24,792,960$20,997,119$40,219,222
69$47,226,716$25,950,552$21,643,259$43,819,992
70$51,984,773$27,163,062$22,309,242$47,768,172
71$57,226,293$28,433,124$22,995,673$52,098,371
72$63,000,528$29,763,501$23,703,182$56,848,691
73$69,361,755$31,157,086$24,432,412$62,061,083
74$76,369,785$32,616,914$25,184,029$67,781,740
75$84,090,529$34,146,168$25,958,719$74,061,524
76$92,596,615$35,748,183$26,757,188$80,956,440
77$101,968,081$37,426,455$27,580,165$88,528,165
78$112,293,124$39,184,650$28,428,400$96,844,617
79$123,668,938$41,026,613$29,302,667$105,980,593
80$136,202,625$42,956,373$30,203,761$116,018,468
81$150,012,211$44,978,153$31,132,505$127,048,968
82$165,227,757$47,096,383$32,089,745$139,172,013
83$181,992,590$49,315,707$33,076,353$152,497,660
84$200,464,651$51,640,994$34,093,228$167,147,128
85$220,817,990$54,077,347$35,141,296$183,253,937
86$243,244,407$56,630,119$36,221,511$200,965,160
87$267,955,262$59,304,921$37,334,857$220,442,801
88$295,183,472$62,107,636$38,482,349$241,865,314
89$325,185,708$65,044,432$39,665,029$265,429,279
90$358,244,818$68,121,776$40,883,975$291,351,250
91$394,672,498$71,346,452$42,140,297$319,869,780
92$434,812,232$74,725,567$43,435,136$351,247,673
93$479,042,538$78,266,578$44,769,671$385,774,442
94$527,780,538$81,977,302$46,145,116$423,769,039
95$581,485,897$85,865,934$47,562,722$465,582,844
96$640,665,164$89,941,069$49,023,778$511,602,976
97$705,876,547$94,211,719$50,529,612$562,255,931
98$777,735,194$98,687,331$52,081,592$618,011,590
99$856,918,988$103,377,815$53,681,130$679,387,642
100$944,174,956$108,293,559$55,329,679$746,954,457