Can I retire at age 58 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,186,700
2 years$625,475$613,826$602,537$591,591$580,973$547,623
3 years$412,841$401,142$389,881$379,038$368,593$336,281
4 years$306,545$294,882$283,734$273,075$262,884$231,858
5 years$242,784$231,191$220,189$209,748$199,840$170,186
6 years$200,291$188,785$177,945$167,737$158,127$129,872
7 years$169,950$158,541$147,873$137,906$128,599$101,746
8 years$147,205$135,899$125,408$115,686$106,686$81,219
9 years$129,524$118,325$108,014$98,539$89,845$65,741
10 years$115,387$104,297$94,169$84,941$76,552$53,780
11 years$103,829$92,850$82,905$73,924$65,837$44,361
12 years$94,203$83,337$73,576$64,842$57,053$36,833
13 years$86,065$75,312$65,735$57,245$49,752$30,745
14 years$79,095$68,457$59,064$50,816$43,612$25,773
15 years$73,060$62,537$53,326$45,319$38,399$21,681
16 years$67,785$57,376$48,348$40,578$33,937$18,292
17 years$63,135$52,841$43,995$36,459$30,091$15,470
18 years$59,006$48,828$40,162$32,857$26,756$13,110
19 years$55,316$45,253$36,766$29,689$23,848$11,129
20 years$52,000$42,051$33,742$26,889$21,302$9,460
21 years$49,003$39,169$31,036$24,404$19,062$8,051
22 years$46,282$36,563$28,605$22,189$17,087$6,859
23 years$43,802$34,197$26,411$20,208$15,338$5,849
24 years$41,531$32,040$24,426$18,431$13,786$4,991
25 years$39,446$30,068$22,623$16,832$12,405$4,261
26 years$37,524$28,259$20,982$15,390$11,174$3,640
27 years$35,747$26,595$19,484$14,087$10,075$3,111
28 years$34,100$25,060$18,113$12,907$9,091$2,660
29 years$32,570$23,642$16,855$11,836$8,209$2,275
30 years$31,144$22,327$15,700$10,862$7,417$1,946
31 years$29,813$21,106$14,637$9,976$6,706$1,665
32 years$28,568$19,971$13,656$9,168$6,066$1,425
33 years$27,400$18,913$12,751$8,431$5,489$1,220
34 years$26,304$17,925$11,914$7,757$4,970$1,045
35 years$25,272$17,002$11,139$7,141$4,502$894
36 years$24,300$16,137$10,420$6,577$4,079$766
37 years$23,383$15,326$9,753$6,060$3,697$656
38 years$22,516$14,566$9,133$5,585$3,351$562
39 years$21,695$13,850$8,557$5,150$3,039$481
40 years$20,918$13,178$8,020$4,750$2,757$412
41 years$20,180$12,544$7,520$4,382$2,501$353
42 years$19,479$11,946$7,054$4,044$2,269$303
43 years$18,813$11,382$6,620$3,734$2,059$259
44 years$18,179$10,850$6,214$3,447$1,869$222
45 years$17,574$10,346$5,834$3,184$1,697$190
46 years$16,998$9,870$5,480$2,941$1,541$163
47 years$16,448$9,419$5,148$2,717$1,399$140
48 years$15,922$8,992$4,838$2,511$1,271$120
49 years$15,419$8,587$4,547$2,320$1,154$103
50 years$14,938$8,202$4,275$2,145$1,048$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,300,000, adding $5,989 every year, while hoping to spend $22,069 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: 58/29/13 Blend
57$15,300,000$15,300,000$15,300,000$15,300,000
58$16,866,778$16,055,878$15,818,728$17,789,773
59$18,563,708$16,819,134$16,325,174$19,176,922
60$20,432,985$17,619,051$16,847,846$20,685,313
61$22,492,166$18,457,401$17,387,265$22,329,026
62$24,760,596$19,336,043$17,943,968$24,121,065
63$27,259,594$20,256,926$18,518,508$26,075,722
64$30,012,652$21,222,095$19,111,458$28,208,712
65$33,045,659$22,233,694$19,723,408$30,537,313
66$36,387,142$23,293,971$20,354,968$33,080,524
67$40,068,537$24,405,282$21,006,765$35,859,240
68$44,124,486$25,570,099$21,679,450$38,896,441
69$48,593,164$26,791,014$22,373,693$42,217,407
70$53,516,638$28,070,746$23,090,183$45,849,945
71$58,941,267$29,412,144$23,829,636$49,824,647
72$64,918,135$30,818,197$24,592,787$54,175,174
73$71,503,536$32,292,041$25,380,397$58,938,562
74$78,759,506$33,836,960$26,193,250$64,155,568
75$86,754,408$35,456,403$27,032,156$69,871,043
76$95,563,575$37,153,984$27,897,950$76,134,349
77$105,270,023$38,933,493$28,791,495$82,999,817
78$115,965,236$40,798,905$29,713,681$90,527,247
79$127,750,028$42,754,389$30,665,427$98,782,468
80$140,735,494$44,804,317$31,647,682$107,837,944
81$155,044,058$46,953,272$32,661,423$117,773,451
82$170,810,632$49,206,063$33,707,661$128,676,817
83$188,183,887$51,567,731$34,787,438$140,644,741
84$207,327,658$54,043,563$35,901,831$153,783,692
85$228,422,487$56,639,106$37,051,951$168,210,901
86$251,667,331$59,360,173$38,238,942$184,055,459
87$277,281,441$62,212,864$39,463,989$201,459,515
88$305,506,428$65,203,574$40,728,312$220,579,607
89$336,608,545$68,339,011$42,033,172$241,588,123
90$370,881,203$71,626,208$43,379,869$264,674,914
91$408,647,737$75,072,544$44,769,747$290,049,069
92$450,264,462$78,685,754$46,204,189$317,940,870
93$496,124,035$82,473,954$47,684,627$348,603,947
94$546,659,161$86,445,652$49,212,536$382,317,656
95$602,346,680$90,609,774$50,789,441$419,389,693
96$663,712,067$94,975,678$52,416,913$460,158,980
97$731,334,393$99,553,181$54,096,574$504,998,840
98$805,851,792$104,352,579$55,830,101$554,320,500
99$887,967,487$109,384,667$57,619,222$608,576,950
100$978,456,426$114,660,771$59,465,721$668,267,188