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%16.8%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,170,715
2 years$617,299$605,802$594,660$583,857$573,379$539,998
3 years$407,445$395,899$384,785$374,083$363,775$331,438
4 years$302,538$291,027$280,025$269,506$259,447$228,404
5 years$239,611$228,169$217,311$207,006$197,228$167,562
6 years$197,673$186,317$175,619$165,545$156,060$127,800
7 years$167,729$156,469$145,940$136,103$126,918$100,066
8 years$145,281$134,123$123,769$114,174$105,291$79,831
9 years$127,831$116,778$106,602$97,251$88,670$64,578
10 years$113,879$102,934$92,938$83,831$75,551$52,796
11 years$102,471$91,636$81,821$72,958$64,977$43,522
12 years$92,972$82,248$72,614$63,994$56,307$36,112
13 years$84,940$74,328$64,876$56,497$49,101$30,123
14 years$78,061$67,562$58,292$50,152$43,042$25,234
15 years$72,105$61,719$52,629$44,727$37,897$21,213
16 years$66,899$56,626$47,716$40,048$33,494$17,884
17 years$62,310$52,150$43,420$35,983$29,698$15,114
18 years$58,235$48,189$39,637$32,428$26,406$12,799
19 years$54,593$44,661$36,286$29,301$23,536$10,856
20 years$51,320$41,502$33,301$26,538$21,023$9,222
21 years$48,362$38,657$30,631$24,085$18,813$7,842
22 years$45,677$36,085$28,231$21,899$16,863$6,676
23 years$43,229$33,750$26,066$19,943$15,138$5,688
24 years$40,988$31,621$24,107$18,190$13,606$4,850
25 years$38,930$29,675$22,328$16,612$12,243$4,137
26 years$37,033$27,890$20,708$15,189$11,028$3,532
27 years$35,280$26,247$19,229$13,903$9,943$3,016
28 years$33,655$24,733$17,876$12,738$8,972$2,576
29 years$32,144$23,333$16,635$11,681$8,101$2,202
30 years$30,737$22,035$15,495$10,720$7,320$1,882
31 years$29,423$20,830$14,445$9,846$6,618$1,609
32 years$28,194$19,710$13,478$9,048$5,986$1,376
33 years$27,042$18,666$12,584$8,321$5,418$1,177
34 years$25,960$17,691$11,758$7,656$4,905$1,007
35 years$24,942$16,779$10,993$7,048$4,443$861
36 years$23,982$15,926$10,284$6,491$4,025$737
37 years$23,077$15,126$9,625$5,980$3,648$631
38 years$22,221$14,375$9,014$5,512$3,308$540
39 years$21,411$13,669$8,445$5,083$2,999$462
40 years$20,644$13,005$7,915$4,688$2,721$395
41 years$19,916$12,380$7,422$4,325$2,468$338
42 years$19,225$11,790$6,962$3,992$2,240$290
43 years$18,567$11,234$6,533$3,685$2,033$248
44 years$17,941$10,708$6,132$3,402$1,845$212
45 years$17,345$10,211$5,758$3,142$1,675$182
46 years$16,776$9,741$5,408$2,902$1,521$156
47 years$16,233$9,296$5,081$2,681$1,381$133
48 years$15,714$8,874$4,775$2,478$1,254$114
49 years$15,218$8,474$4,488$2,290$1,139$98
50 years$14,743$8,095$4,219$2,117$1,035$84

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 $4,867 every year, while hoping to spend $30,695 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: 60/10/30 Blend
57$15,100,000$15,100,000$15,100,000$15,100,000
58$16,645,220$15,844,920$15,610,870$17,507,720
59$18,310,374$16,588,662$16,101,175$18,841,626
60$20,144,344$17,367,819$16,606,877$20,292,852
61$22,164,318$18,184,093$17,128,458$21,875,883
62$24,389,234$19,039,269$17,666,417$23,603,583
63$26,839,963$19,935,221$18,221,269$25,490,108
64$29,539,502$20,873,909$18,793,544$27,551,034
65$32,513,192$21,857,392$19,383,789$29,803,503
66$35,788,960$22,887,826$19,992,568$32,266,379
67$39,397,578$23,967,473$20,620,463$34,960,428
68$43,372,956$25,098,705$21,268,074$37,908,507
69$47,752,463$26,284,006$21,936,020$41,135,775
70$52,577,276$27,525,985$22,624,939$44,669,931
71$57,892,774$28,827,374$23,335,490$48,541,470
72$63,748,960$30,191,038$24,068,351$52,783,966
73$70,200,937$31,619,982$24,824,224$57,434,385
74$77,309,427$33,117,356$25,603,831$62,533,432
75$85,141,346$34,686,464$26,407,916$68,125,927
76$93,770,430$36,330,767$27,237,249$74,261,228
77$103,277,938$38,053,899$28,092,621$80,993,690
78$113,753,414$39,859,667$28,974,850$88,383,172
79$125,295,534$41,752,062$29,884,779$96,495,599
80$138,013,037$43,735,272$30,823,278$105,403,578
81$152,025,753$45,813,686$31,791,243$115,187,079
82$167,465,730$47,991,907$32,789,600$125,934,182
83$184,478,485$50,274,761$33,819,303$137,741,907
84$203,224,376$52,667,309$34,881,334$150,717,116
85$223,880,113$55,174,859$35,976,710$164,977,523
86$246,640,432$57,802,974$37,106,477$180,652,795
87$271,719,927$60,557,490$38,271,715$197,885,768
88$299,355,078$63,444,526$39,473,536$216,833,792
89$329,806,486$66,470,498$40,713,090$237,670,203
90$363,361,329$69,642,134$41,991,559$260,585,958
91$400,336,075$72,966,489$43,310,167$285,791,424
92$441,079,470$76,450,962$44,670,173$313,518,360
93$485,975,828$80,103,312$46,072,877$344,022,089
94$535,448,662$83,931,674$47,519,617$377,583,909
95$589,964,679$87,944,579$49,011,778$414,513,730
96$650,038,188$92,150,975$50,550,784$455,152,992
97$716,235,953$96,560,243$52,138,105$499,877,883
98$789,182,548$101,182,222$53,775,259$549,102,871
99$869,566,246$106,027,229$55,463,809$603,284,611
100$958,145,525$111,106,085$57,205,368$662,926,244