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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.3%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,163,689
2 years$617,299$605,802$594,660$583,857$573,379$533,069
3 years$407,445$395,899$384,785$374,083$363,775$324,827
4 years$302,538$291,027$280,025$269,506$259,447$222,159
5 years$239,611$228,169$217,311$207,006$197,228$161,699
6 years$197,673$186,317$175,619$165,545$156,060$122,318
7 years$167,729$156,469$145,940$136,103$126,918$94,959
8 years$145,281$134,123$123,769$114,174$105,291$75,090
9 years$127,831$116,778$106,602$97,251$88,670$60,191
10 years$113,879$102,934$92,938$83,831$75,551$48,749
11 years$102,471$91,636$81,821$72,958$64,977$39,798
12 years$92,972$82,248$72,614$63,994$56,307$32,697
13 years$84,940$74,328$64,876$56,497$49,101$26,998
14 years$78,061$67,562$58,292$50,152$43,042$22,382
15 years$72,105$61,719$52,629$44,727$37,897$18,617
16 years$66,899$56,626$47,716$40,048$33,494$15,527
17 years$62,310$52,150$43,420$35,983$29,698$12,979
18 years$58,235$48,189$39,637$32,428$26,406$10,869
19 years$54,593$44,661$36,286$29,301$23,536$9,116
20 years$51,320$41,502$33,301$26,538$21,023$7,655
21 years$48,362$38,657$30,631$24,085$18,813$6,435
22 years$45,677$36,085$28,231$21,899$16,863$5,414
23 years$43,229$33,750$26,066$19,943$15,138$4,559
24 years$40,988$31,621$24,107$18,190$13,606$3,841
25 years$38,930$29,675$22,328$16,612$12,243$3,238
26 years$37,033$27,890$20,708$15,189$11,028$2,730
27 years$35,280$26,247$19,229$13,903$9,943$2,303
28 years$33,655$24,733$17,876$12,738$8,972$1,944
29 years$32,144$23,333$16,635$11,681$8,101$1,641
30 years$30,737$22,035$15,495$10,720$7,320$1,385
31 years$29,423$20,830$14,445$9,846$6,618$1,170
32 years$28,194$19,710$13,478$9,048$5,986$988
33 years$27,042$18,666$12,584$8,321$5,418$835
34 years$25,960$17,691$11,758$7,656$4,905$705
35 years$24,942$16,779$10,993$7,048$4,443$596
36 years$23,982$15,926$10,284$6,491$4,025$503
37 years$23,077$15,126$9,625$5,980$3,648$425
38 years$22,221$14,375$9,014$5,512$3,308$359
39 years$21,411$13,669$8,445$5,083$2,999$304
40 years$20,644$13,005$7,915$4,688$2,721$257
41 years$19,916$12,380$7,422$4,325$2,468$217
42 years$19,225$11,790$6,962$3,992$2,240$183
43 years$18,567$11,234$6,533$3,685$2,033$155
44 years$17,941$10,708$6,132$3,402$1,845$131
45 years$17,345$10,211$5,758$3,142$1,675$111
46 years$16,776$9,741$5,408$2,902$1,521$94
47 years$16,233$9,296$5,081$2,681$1,381$79
48 years$15,714$8,874$4,775$2,478$1,254$67
49 years$15,218$8,474$4,488$2,290$1,139$57
50 years$14,743$8,095$4,219$2,117$1,035$48

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 $5,147 every year, while hoping to spend $43,570 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: 68/15/17 Blend
57$15,100,000$15,100,000$15,100,000$15,100,000
58$16,645,509$15,845,209$15,611,159$17,709,087
59$18,296,993$16,575,266$16,087,775$19,149,514
60$20,115,468$17,339,636$16,578,897$20,718,888
61$22,117,921$18,139,953$17,084,965$22,434,414
62$24,323,070$18,977,933$17,606,433$24,310,469
63$26,751,542$19,855,370$18,143,767$26,362,872
64$29,426,065$20,774,149$18,697,449$28,609,038
65$32,371,685$21,736,243$19,267,975$31,068,132
66$35,615,998$22,743,720$19,855,853$33,761,249
67$39,189,417$23,798,750$20,461,612$36,711,614
68$43,125,453$24,903,604$21,085,791$39,944,790
69$47,461,035$26,060,666$21,728,951$43,488,924
70$52,236,854$27,272,433$22,391,664$47,375,003
71$57,497,753$28,541,522$23,074,525$51,637,146
72$63,293,146$29,870,678$23,778,143$56,312,921
73$69,677,482$31,262,777$24,503,147$61,443,694
74$76,710,767$32,720,835$25,250,184$67,075,018
75$84,459,122$34,248,012$26,019,921$73,257,057
76$92,995,410$35,847,622$26,813,046$80,045,054
77$102,399,925$37,523,140$27,630,267$87,499,850
78$112,761,150$39,278,205$28,472,313$95,688,450
79$124,176,586$41,116,637$29,339,935$104,684,653
80$136,753,682$43,042,436$30,233,907$114,569,740
81$150,610,841$45,059,798$31,155,026$125,433,239
82$165,878,541$47,173,122$32,104,113$137,373,762
83$182,700,566$49,387,019$33,082,015$150,499,930
84$201,235,363$51,706,323$34,089,602$164,931,389
85$221,657,540$54,136,103$35,127,773$180,799,940
86$244,159,507$56,681,670$36,197,452$198,250,766
87$268,953,302$59,348,597$37,299,592$217,443,803
88$296,272,584$62,142,723$38,435,173$238,555,239
89$326,374,842$65,070,172$39,605,206$261,779,166
90$359,543,829$68,137,363$40,810,734$287,329,411
91$396,092,233$71,351,027$42,052,826$315,441,537
92$436,364,634$74,718,221$43,332,590$346,375,065
93$480,740,757$78,246,344$44,651,162$380,415,908
94$529,639,053$81,943,153$46,009,714$417,879,064
95$583,520,651$85,816,782$47,409,454$459,111,577
96$642,893,712$89,875,759$48,851,625$504,495,804
97$708,318,225$94,129,026$50,337,509$554,453,010
98$780,411,293$98,585,957$51,868,425$609,447,334
99$859,852,959$103,256,383$53,445,731$669,990,161
100$947,392,626$108,150,611$55,070,828$736,644,930