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%16.6%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,171,660
2 years$617,299$605,802$594,660$583,857$573,379$540,933
3 years$407,445$395,899$384,785$374,083$363,775$332,334
4 years$302,538$291,027$280,025$269,506$259,447$229,252
5 years$239,611$228,169$217,311$207,006$197,228$168,362
6 years$197,673$186,317$175,619$165,545$156,060$128,550
7 years$167,729$156,469$145,940$136,103$126,918$100,767
8 years$145,281$134,123$123,769$114,174$105,291$80,485
9 years$127,831$116,778$106,602$97,251$88,670$65,186
10 years$113,879$102,934$92,938$83,831$75,551$53,360
11 years$102,471$91,636$81,821$72,958$64,977$44,043
12 years$92,972$82,248$72,614$63,994$56,307$36,593
13 years$84,940$74,328$64,876$56,497$49,101$30,565
14 years$78,061$67,562$58,292$50,152$43,042$25,640
15 years$72,105$61,719$52,629$44,727$37,897$21,584
16 years$66,899$56,626$47,716$40,048$33,494$18,223
17 years$62,310$52,150$43,420$35,983$29,698$15,423
18 years$58,235$48,189$39,637$32,428$26,406$13,080
19 years$54,593$44,661$36,286$29,301$23,536$11,111
20 years$51,320$41,502$33,301$26,538$21,023$9,453
21 years$48,362$38,657$30,631$24,085$18,813$8,051
22 years$45,677$36,085$28,231$21,899$16,863$6,864
23 years$43,229$33,750$26,066$19,943$15,138$5,858
24 years$40,988$31,621$24,107$18,190$13,606$5,002
25 years$38,930$29,675$22,328$16,612$12,243$4,275
26 years$37,033$27,890$20,708$15,189$11,028$3,655
27 years$35,280$26,247$19,229$13,903$9,943$3,126
28 years$33,655$24,733$17,876$12,738$8,972$2,675
29 years$32,144$23,333$16,635$11,681$8,101$2,289
30 years$30,737$22,035$15,495$10,720$7,320$1,960
31 years$29,423$20,830$14,445$9,846$6,618$1,679
32 years$28,194$19,710$13,478$9,048$5,986$1,438
33 years$27,042$18,666$12,584$8,321$5,418$1,232
34 years$25,960$17,691$11,758$7,656$4,905$1,056
35 years$24,942$16,779$10,993$7,048$4,443$905
36 years$23,982$15,926$10,284$6,491$4,025$775
37 years$23,077$15,126$9,625$5,980$3,648$665
38 years$22,221$14,375$9,014$5,512$3,308$570
39 years$21,411$13,669$8,445$5,083$2,999$488
40 years$20,644$13,005$7,915$4,688$2,721$419
41 years$19,916$12,380$7,422$4,325$2,468$359
42 years$19,225$11,790$6,962$3,992$2,240$308
43 years$18,567$11,234$6,533$3,685$2,033$264
44 years$17,941$10,708$6,132$3,402$1,845$226
45 years$17,345$10,211$5,758$3,142$1,675$194
46 years$16,776$9,741$5,408$2,902$1,521$166
47 years$16,233$9,296$5,081$2,681$1,381$143
48 years$15,714$8,874$4,775$2,478$1,254$122
49 years$15,218$8,474$4,488$2,290$1,139$105
50 years$14,743$8,095$4,219$2,117$1,035$90

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 $3,052 every year, while hoping to spend $46,408 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: 49/27/24 Blend
57$15,100,000$15,100,000$15,100,000$15,100,000
58$16,643,348$15,843,048$15,608,998$17,345,733
59$18,291,592$16,569,980$16,082,522$18,562,836
60$20,106,401$17,330,976$16,570,353$19,879,446
61$22,104,716$18,127,656$17,072,922$21,308,912
62$24,305,205$18,961,719$17,590,673$22,861,904
63$26,728,436$19,834,943$18,124,061$24,550,147
64$29,397,077$20,749,195$18,673,557$26,386,525
65$32,336,102$21,706,429$19,239,644$28,385,199
66$35,573,034$22,708,694$19,822,822$30,561,734
67$39,138,201$23,758,137$20,423,604$32,933,242
68$43,065,021$24,857,010$21,042,518$35,518,538
69$47,390,321$26,007,671$21,680,110$38,338,310
70$52,154,680$27,212,593$22,336,941$41,415,310
71$57,402,817$28,474,369$23,013,587$44,774,563
72$63,184,006$29,795,716$23,710,645$48,443,594
73$69,552,549$31,179,480$24,428,726$52,452,682
74$76,568,282$32,628,648$25,168,461$56,835,140
75$84,297,144$34,146,348$25,930,501$61,627,622
76$92,811,794$35,735,861$26,715,515$66,870,458
77$102,192,304$37,400,625$27,524,191$72,608,028
78$112,526,907$39,144,244$28,357,240$78,889,176
79$123,912,837$40,970,497$29,215,392$85,767,655
80$136,457,238$42,883,343$30,099,400$93,302,632
81$150,278,186$44,886,936$31,010,039$101,559,232
82$165,505,792$46,985,628$31,948,107$110,609,145
83$182,283,441$49,183,981$32,914,426$120,531,291
84$200,769,135$51,486,779$33,909,843$131,412,555
85$221,136,993$53,899,038$34,935,229$143,348,592
86$243,578,888$56,426,013$35,991,481$156,444,723
87$268,306,264$59,073,216$37,079,525$170,816,913
88$295,552,125$61,846,426$38,200,311$186,592,853
89$325,573,241$64,751,700$39,354,820$203,913,153
90$358,652,566$67,795,388$40,544,062$222,932,651
91$395,101,915$70,984,149$41,769,075$243,821,865
92$435,264,901$74,324,963$43,030,930$266,768,583
93$479,520,183$77,825,149$44,330,728$291,979,618
94$528,285,039$81,492,379$45,669,605$319,682,748
95$582,019,306$85,334,698$47,048,729$350,128,843
96$641,229,717$89,360,540$48,469,303$383,594,218
97$706,474,689$93,578,748$49,932,567$420,383,218
98$778,369,595$97,998,594$51,439,795$460,831,075
99$857,592,567$102,629,798$52,992,302$505,307,047
100$944,890,905$107,482,554$54,591,440$554,217,883