Can I retire at age 58 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,164,439
2 years$621,387$609,814$598,598$587,724$577,176$529,772
3 years$410,143$398,520$387,333$376,560$366,184$320,499
4 years$304,542$292,955$281,879$271,291$261,166$217,547
5 years$241,198$229,680$218,750$208,377$198,534$157,094
6 years$198,982$187,551$176,782$166,641$157,093$117,858
7 years$168,840$157,505$146,907$137,005$127,759$90,715
8 years$146,243$135,011$124,589$114,930$105,988$71,098
9 years$128,678$117,551$107,308$97,895$89,257$56,469
10 years$114,633$103,616$93,554$84,386$76,052$45,303
11 years$103,150$92,243$82,363$73,441$65,407$36,626
12 years$93,587$82,792$73,095$64,418$56,680$29,790
13 years$85,502$74,820$65,306$56,871$49,426$24,347
14 years$78,578$68,009$58,678$50,484$43,327$19,974
15 years$72,583$62,128$52,978$45,023$38,148$16,438
16 years$67,342$57,001$48,032$40,313$33,716$13,561
17 years$62,722$52,496$43,707$36,221$29,895$11,211
18 years$58,621$48,509$39,899$32,642$26,581$9,283
19 years$54,955$44,957$36,526$29,495$23,692$7,698
20 years$51,660$41,776$33,522$26,714$21,162$6,390
21 years$48,683$38,913$30,833$24,244$18,938$5,310
22 years$45,980$36,324$28,418$22,044$16,975$4,415
23 years$43,515$33,973$26,239$20,076$15,238$3,674
24 years$41,260$31,831$24,266$18,310$13,696$3,059
25 years$39,188$29,871$22,476$16,722$12,324$2,548
26 years$37,279$28,074$20,845$15,290$11,101$2,123
27 years$35,514$26,421$19,356$13,995$10,009$1,769
28 years$33,877$24,897$17,994$12,822$9,031$1,475
29 years$32,357$23,487$16,745$11,758$8,155$1,230
30 years$30,941$22,181$15,598$10,791$7,368$1,026
31 years$29,618$20,968$14,541$9,911$6,662$856
32 years$28,381$19,840$13,567$9,108$6,026$714
33 years$27,221$18,789$12,668$8,376$5,454$595
34 years$26,132$17,808$11,836$7,707$4,938$497
35 years$25,107$16,890$11,066$7,094$4,472$415
36 years$24,141$16,032$10,352$6,534$4,052$346
37 years$23,230$15,226$9,689$6,020$3,672$289
38 years$22,368$14,470$9,073$5,549$3,329$241
39 years$21,553$13,760$8,501$5,116$3,019$201
40 years$20,781$13,091$7,968$4,719$2,739$168
41 years$20,048$12,462$7,471$4,354$2,485$140
42 years$19,352$11,868$7,008$4,018$2,254$117
43 years$18,690$11,308$6,576$3,709$2,046$98
44 years$18,060$10,779$6,173$3,425$1,857$81
45 years$17,459$10,279$5,796$3,163$1,686$68
46 years$16,887$9,805$5,444$2,922$1,531$57
47 years$16,340$9,357$5,115$2,699$1,390$47
48 years$15,818$8,933$4,806$2,494$1,262$40
49 years$15,318$8,530$4,518$2,305$1,147$33
50 years$14,841$8,149$4,247$2,131$1,041$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,200,000, adding $2,735 every year, while hoping to spend $40,808 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: 81/11/8 Blend
57$15,200,000$15,200,000$15,200,000$15,200,000
58$16,753,221$15,947,621$15,712,021$18,093,270
59$18,418,630$16,685,635$16,194,954$19,709,130
60$20,252,543$17,458,444$16,692,698$21,476,569
61$22,272,105$18,267,710$17,205,706$23,415,195
62$24,496,207$19,115,175$17,734,444$25,542,109
63$26,945,665$20,002,664$18,279,393$27,876,145
64$29,643,421$20,932,092$18,841,051$30,438,041
65$32,614,750$21,905,465$19,419,926$33,250,632
66$35,887,507$22,924,886$20,016,547$36,339,070
67$39,492,387$23,992,558$20,631,454$39,731,051
68$43,463,211$25,110,794$21,265,209$43,457,079
69$47,837,251$26,282,016$21,918,386$47,550,750
70$52,655,578$27,508,762$22,591,579$52,049,069
71$57,963,451$28,793,695$23,285,401$56,992,790
72$63,810,742$30,139,606$24,000,481$62,426,807
73$70,252,410$31,549,419$24,737,470$68,400,567
74$77,349,017$33,026,202$25,497,036$74,968,538
75$85,167,300$34,573,169$26,279,870$82,190,721
76$93,780,802$36,193,691$27,086,683$90,133,208
77$103,270,563$37,891,301$27,918,206$98,868,806
78$113,725,890$39,669,704$28,775,195$108,477,722
79$125,245,194$41,532,784$29,658,428$119,048,314
80$137,936,925$43,484,611$30,568,706$130,677,920
81$151,920,588$45,529,454$31,506,855$143,473,776
82$167,327,880$47,671,789$32,473,726$157,554,023
83$184,303,923$49,916,306$33,470,196$173,048,816
84$203,008,645$52,267,926$34,497,169$190,101,549
85$223,618,278$54,731,806$35,555,575$208,870,205
86$246,327,030$57,313,353$36,646,375$229,528,841
87$271,348,915$60,018,235$37,770,556$252,269,226
88$298,919,773$62,852,397$38,929,139$277,302,647
89$329,299,497$65,822,071$40,123,172$304,861,894
90$362,774,485$68,933,792$41,353,737$335,203,457
91$399,660,344$72,194,409$42,621,949$368,609,935
92$440,304,871$75,611,107$43,928,956$405,392,703
93$485,091,333$79,191,417$45,275,941$445,894,841
94$534,442,089$82,943,236$46,664,125$490,494,366
95$588,822,572$86,874,845$48,094,763$539,607,794
96$648,745,687$90,994,925$49,569,151$593,694,062
97$714,776,651$95,312,580$51,088,621$653,258,856
98$787,538,329$99,837,356$52,654,550$718,859,373
99$867,717,113$104,579,262$54,268,352$791,109,573
100$956,069,405$109,548,791$55,931,488$870,685,966