Can I retire at age 58 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,178,339
2 years$617,299$605,802$594,660$583,857$573,379$547,555
3 years$407,445$395,899$384,785$374,083$363,775$338,690
4 years$302,538$291,027$280,025$269,506$259,447$235,295
5 years$239,611$228,169$217,311$207,006$197,228$174,075
6 years$197,673$186,317$175,619$165,545$156,060$133,932
7 years$167,729$156,469$145,940$136,103$126,918$105,820
8 years$145,281$134,123$123,769$114,174$105,291$85,215
9 years$127,831$116,778$106,602$97,251$88,670$69,602
10 years$113,879$102,934$92,938$83,831$75,551$57,471
11 years$102,471$91,636$81,821$72,958$64,977$47,862
12 years$92,972$82,248$72,614$63,994$56,307$40,132
13 years$84,940$74,328$64,876$56,497$49,101$33,836
14 years$78,061$67,562$58,292$50,152$43,042$28,657
15 years$72,105$61,719$52,629$44,727$37,897$24,362
16 years$66,899$56,626$47,716$40,048$33,494$20,775
17 years$62,310$52,150$43,420$35,983$29,698$17,762
18 years$58,235$48,189$39,637$32,428$26,406$15,219
19 years$54,593$44,661$36,286$29,301$23,536$13,065
20 years$51,320$41,502$33,301$26,538$21,023$11,233
21 years$48,362$38,657$30,631$24,085$18,813$9,671
22 years$45,677$36,085$28,231$21,899$16,863$8,335
23 years$43,229$33,750$26,066$19,943$15,138$7,191
24 years$40,988$31,621$24,107$18,190$13,606$6,209
25 years$38,930$29,675$22,328$16,612$12,243$5,366
26 years$37,033$27,890$20,708$15,189$11,028$4,639
27 years$35,280$26,247$19,229$13,903$9,943$4,013
28 years$33,655$24,733$17,876$12,738$8,972$3,474
29 years$32,144$23,333$16,635$11,681$8,101$3,008
30 years$30,737$22,035$15,495$10,720$7,320$2,605
31 years$29,423$20,830$14,445$9,846$6,618$2,257
32 years$28,194$19,710$13,478$9,048$5,986$1,956
33 years$27,042$18,666$12,584$8,321$5,418$1,695
34 years$25,960$17,691$11,758$7,656$4,905$1,470
35 years$24,942$16,779$10,993$7,048$4,443$1,275
36 years$23,982$15,926$10,284$6,491$4,025$1,105
37 years$23,077$15,126$9,625$5,980$3,648$959
38 years$22,221$14,375$9,014$5,512$3,308$832
39 years$21,411$13,669$8,445$5,083$2,999$721
40 years$20,644$13,005$7,915$4,688$2,721$626
41 years$19,916$12,380$7,422$4,325$2,468$543
42 years$19,225$11,790$6,962$3,992$2,240$471
43 years$18,567$11,234$6,533$3,685$2,033$409
44 years$17,941$10,708$6,132$3,402$1,845$355
45 years$17,345$10,211$5,758$3,142$1,675$308
46 years$16,776$9,741$5,408$2,902$1,521$267
47 years$16,233$9,296$5,081$2,681$1,381$232
48 years$15,714$8,874$4,775$2,478$1,254$201
49 years$15,218$8,474$4,488$2,290$1,139$175
50 years$14,743$8,095$4,219$2,117$1,035$152

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,100,000, adding $4,874 every year, while hoping to spend $53,422 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: 64/28/8 Blend
57$15,100,000$15,100,000$15,100,000$15,100,000
58$16,645,228$15,844,928$15,610,878$17,683,815
59$18,286,200$16,564,488$16,077,001$19,096,102
60$20,092,761$17,317,517$16,556,950$20,631,242
61$22,081,745$18,105,598$17,051,130$22,306,517
62$24,271,700$18,930,389$17,559,960$24,135,531
63$26,683,066$19,793,630$18,083,870$26,133,248
64$29,338,363$20,697,143$18,623,305$28,316,122
65$32,262,410$21,642,837$19,178,720$30,702,256
66$35,482,554$22,632,713$19,750,584$33,311,563
67$39,028,927$23,668,869$20,339,382$36,165,952
68$42,934,736$24,753,502$20,945,609$39,289,530
69$47,236,570$25,888,915$21,569,778$42,708,820
70$51,974,750$27,077,521$22,212,415$46,453,014
71$57,193,706$28,321,851$22,874,063$50,554,234
72$62,942,397$29,624,555$23,555,277$55,047,837
73$69,274,776$30,988,412$24,256,633$59,972,736
74$76,250,293$32,416,334$24,978,720$65,371,766
75$83,934,461$33,911,374$25,722,146$71,292,078
76$92,399,474$35,476,729$26,487,536$77,785,581
77$101,724,885$37,115,753$27,275,533$84,909,421
78$111,998,359$38,831,960$28,086,798$92,726,512
79$123,316,499$40,629,034$28,922,014$101,306,125
80$135,785,760$42,510,835$29,781,880$110,724,534
81$149,523,452$44,481,410$30,667,117$121,065,723
82$164,658,846$46,545,001$31,578,467$132,422,171
83$181,334,396$48,706,054$32,516,694$144,895,719
84$199,707,084$50,969,230$33,482,582$158,598,515
85$219,949,897$53,339,413$34,476,939$173,654,068
86$242,253,468$55,821,725$35,500,598$190,198,398
87$266,827,866$58,421,534$36,554,412$208,381,313
88$293,904,586$61,144,467$37,639,263$228,367,806
89$323,738,730$63,996,422$38,756,054$250,339,603
90$356,611,416$66,983,583$39,905,718$274,496,865
91$392,832,434$70,112,432$41,089,213$301,060,064
92$432,743,166$73,389,764$42,307,525$330,272,047
93$476,719,809$76,822,703$43,561,667$362,400,317
94$525,176,930$80,418,717$44,852,684$397,739,537
95$578,571,377$84,185,633$46,181,649$436,614,303
96$637,406,588$88,131,660$47,549,665$479,382,182
97$702,237,351$92,265,402$48,957,869$526,437,076
98$773,675,032$96,595,879$50,407,430$578,212,917
99$852,393,356$101,132,547$51,899,549$635,187,745
100$939,134,758$105,885,322$53,435,464$697,888,201