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%16.3%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,180,852
2 years$621,387$609,814$598,598$587,724$577,176$545,932
3 years$410,143$398,520$387,333$376,560$366,184$335,892
4 years$304,542$292,955$281,879$271,291$261,166$232,058
5 years$241,198$229,680$218,750$208,377$198,534$170,691
6 years$198,982$187,551$176,782$166,641$157,093$130,543
7 years$168,840$157,505$146,907$137,005$127,759$102,503
8 years$146,243$135,011$124,589$114,930$105,988$82,015
9 years$128,678$117,551$107,308$97,895$89,257$66,546
10 years$114,633$103,616$93,554$84,386$76,052$54,575
11 years$103,150$92,243$82,363$73,441$65,407$45,133
12 years$93,587$82,792$73,095$64,418$56,680$37,572
13 years$85,502$74,820$65,306$56,871$49,426$31,446
14 years$78,578$68,009$58,678$50,484$43,327$26,433
15 years$72,583$62,128$52,978$45,023$38,148$22,299
16 years$67,342$57,001$48,032$40,313$33,716$18,868
17 years$62,722$52,496$43,707$36,221$29,895$16,003
18 years$58,621$48,509$39,899$32,642$26,581$13,602
19 years$54,955$44,957$36,526$29,495$23,692$11,581
20 years$51,660$41,776$33,522$26,714$21,162$9,875
21 years$48,683$38,913$30,833$24,244$18,938$8,430
22 years$45,980$36,324$28,418$22,044$16,975$7,204
23 years$43,515$33,973$26,239$20,076$15,238$6,162
24 years$41,260$31,831$24,266$18,310$13,696$5,275
25 years$39,188$29,871$22,476$16,722$12,324$4,518
26 years$37,279$28,074$20,845$15,290$11,101$3,872
27 years$35,514$26,421$19,356$13,995$10,009$3,320
28 years$33,877$24,897$17,994$12,822$9,031$2,848
29 years$32,357$23,487$16,745$11,758$8,155$2,444
30 years$30,941$22,181$15,598$10,791$7,368$2,097
31 years$29,618$20,968$14,541$9,911$6,662$1,801
32 years$28,381$19,840$13,567$9,108$6,026$1,546
33 years$27,221$18,789$12,668$8,376$5,454$1,328
34 years$26,132$17,808$11,836$7,707$4,938$1,141
35 years$25,107$16,890$11,066$7,094$4,472$980
36 years$24,141$16,032$10,352$6,534$4,052$842
37 years$23,230$15,226$9,689$6,020$3,672$724
38 years$22,368$14,470$9,073$5,549$3,329$622
39 years$21,553$13,760$8,501$5,116$3,019$535
40 years$20,781$13,091$7,968$4,719$2,739$459
41 years$20,048$12,462$7,471$4,354$2,485$395
42 years$19,352$11,868$7,008$4,018$2,254$339
43 years$18,690$11,308$6,576$3,709$2,046$292
44 years$18,060$10,779$6,173$3,425$1,857$251
45 years$17,459$10,279$5,796$3,163$1,686$216
46 years$16,887$9,805$5,444$2,922$1,531$185
47 years$16,340$9,357$5,115$2,699$1,390$159
48 years$15,818$8,933$4,806$2,494$1,262$137
49 years$15,318$8,530$4,518$2,305$1,147$118
50 years$14,841$8,149$4,247$2,131$1,041$101

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 $3,094 every year, while hoping to spend $34,795 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: 40/38/22 Blend
57$15,200,000$15,200,000$15,200,000$15,200,000
58$16,753,591$15,947,991$15,712,391$17,314,485
59$18,425,436$16,692,421$16,201,735$18,462,126
60$20,266,643$17,472,162$16,706,305$19,699,353
61$22,294,450$18,288,908$17,226,576$21,037,155
62$24,527,852$19,144,432$17,763,035$22,484,726
63$26,987,782$20,040,598$18,316,185$24,052,148
64$29,697,304$20,979,356$18,886,545$25,750,484
65$32,681,835$21,962,751$19,474,651$27,591,875
66$35,969,384$22,992,928$20,081,054$29,589,647
67$39,590,815$24,072,134$20,706,322$31,758,431
68$43,580,136$25,202,727$21,351,042$34,114,290
69$47,974,827$26,387,177$22,015,819$36,674,869
70$52,816,185$27,628,076$22,701,275$39,459,545
71$58,149,722$28,928,137$23,408,054$42,489,609
72$64,025,588$30,290,210$24,136,818$45,788,452
73$70,499,047$31,717,280$24,888,251$49,381,781
74$77,630,999$33,212,475$25,663,056$53,297,847
75$85,488,552$34,779,078$26,461,960$57,567,707
76$94,145,661$36,420,529$27,285,712$62,225,500
77$103,683,819$38,140,435$28,135,083$67,308,763
78$114,192,831$39,942,579$29,010,871$72,858,770
79$125,771,659$41,830,925$29,913,895$78,920,911
80$138,529,360$43,809,633$30,845,003$85,545,109
81$152,586,110$45,883,059$31,805,065$92,786,272
82$168,074,341$48,055,777$32,794,983$100,704,805
83$185,139,992$50,332,578$33,815,682$109,367,157
84$203,943,884$52,718,487$34,868,121$118,846,441
85$224,663,241$55,218,774$35,953,283$129,223,100
86$247,493,360$57,838,963$37,072,187$140,585,656
87$272,649,457$60,584,846$38,225,880$153,031,523
88$300,368,697$63,462,499$39,415,442$166,667,911
89$330,912,433$66,478,290$40,641,989$181,612,815
90$364,568,673$69,638,899$41,906,667$197,996,115
91$401,654,800$72,951,326$43,210,662$215,960,773
92$442,520,565$76,422,917$44,555,195$235,664,164
93$487,551,393$80,061,370$45,941,524$257,279,540
94$537,172,018$83,874,760$47,370,948$280,997,636
95$591,850,494$87,871,554$48,844,805$307,028,452
96$652,102,612$92,060,628$50,364,474$335,603,199
97$718,496,773$96,451,293$51,931,378$366,976,465
98$791,659,348$101,053,311$53,546,984$401,428,578
99$872,280,598$105,876,919$55,212,804$439,268,230
100$961,121,182$110,932,852$56,930,396$480,835,353