Can I retire at age 58 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,215,193
2 years$629,563$617,838$606,475$595,457$584,770$571,856
3 years$415,540$403,764$392,429$381,515$371,002$358,398
4 years$308,549$296,809$285,588$274,860$264,602$252,405
5 years$244,371$232,702$221,628$211,119$201,146$189,393
6 years$201,600$190,019$179,108$168,834$159,160$147,864
7 years$171,061$159,577$148,840$138,807$129,440$118,607
8 years$148,168$136,787$126,228$116,442$107,383$97,012
9 years$130,371$119,098$108,720$99,183$90,432$80,519
10 years$116,142$104,979$94,785$85,497$77,052$67,591
11 years$104,507$93,457$83,447$74,408$66,268$57,251
12 years$94,819$83,882$74,057$65,265$57,426$48,844
13 years$86,627$75,805$66,165$57,620$50,077$41,919
14 years$79,612$68,904$59,450$51,148$43,897$36,153
15 years$73,538$62,945$53,675$45,615$38,650$31,308
16 years$68,228$57,751$48,664$40,844$34,159$27,206
17 years$63,548$53,187$44,283$36,698$30,288$23,711
18 years$59,392$49,147$40,424$33,072$26,931$20,717
19 years$55,678$45,549$37,006$29,883$24,004$18,141
20 years$52,340$42,326$33,963$27,065$21,441$15,914
21 years$49,323$39,425$31,239$24,563$19,187$13,983
22 years$46,585$36,802$28,792$22,334$17,198$12,303
23 years$44,088$34,420$26,584$20,340$15,438$10,839
24 years$41,803$32,249$24,586$18,551$13,876$9,559
25 years$39,704$30,264$22,771$16,942$12,487$8,438
26 years$37,769$28,444$21,119$15,491$11,247$7,454
27 years$35,981$26,769$19,611$14,179$10,141$6,590
28 years$34,323$25,224$18,231$12,991$9,150$5,830
29 years$32,783$23,796$16,966$11,913$8,262$5,160
30 years$31,348$22,473$15,803$10,933$7,465$4,569
31 years$30,008$21,244$14,732$10,041$6,749$4,048
32 years$28,754$20,101$13,746$9,228$6,105$3,588
33 years$27,579$19,036$12,834$8,486$5,525$3,181
34 years$26,475$18,042$11,992$7,808$5,003$2,821
35 years$25,437$17,113$11,211$7,188$4,531$2,502
36 years$24,459$16,242$10,488$6,620$4,105$2,220
37 years$23,535$15,427$9,817$6,099$3,721$1,970
38 years$22,663$14,661$9,193$5,622$3,373$1,749
39 years$21,837$13,941$8,613$5,183$3,059$1,552
40 years$21,054$13,264$8,073$4,781$2,775$1,378
41 years$20,312$12,626$7,570$4,411$2,517$1,224
42 years$19,606$12,024$7,101$4,071$2,284$1,087
43 years$18,936$11,457$6,663$3,758$2,073$965
44 years$18,297$10,921$6,254$3,470$1,882$858
45 years$17,689$10,414$5,873$3,204$1,708$762
46 years$17,109$9,934$5,516$2,960$1,551$677
47 years$16,555$9,481$5,182$2,735$1,408$601
48 years$16,026$9,050$4,869$2,527$1,279$534
49 years$15,520$8,643$4,577$2,335$1,162$475
50 years$15,036$8,256$4,303$2,159$1,055$422

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,400,000, adding $6,150 every year, while hoping to spend $45,103 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: 69/11/20 Blend
57$15,400,000$15,400,000$15,400,000$15,400,000
58$16,977,144$16,160,944$15,922,244$18,064,496
59$18,660,823$16,904,841$16,407,650$19,535,385
60$20,514,726$17,683,677$16,907,805$21,138,433
61$22,556,168$18,499,117$17,423,156$22,891,450
62$24,804,229$19,352,905$17,954,163$24,809,240
63$27,279,932$20,246,870$18,501,300$26,908,100
64$30,006,446$21,182,928$19,065,055$29,205,968
65$33,009,300$22,163,087$19,645,930$31,722,591
66$36,316,623$23,189,453$20,244,444$34,479,709
67$39,959,416$24,264,233$20,861,129$37,501,258
68$43,971,836$25,389,740$21,496,537$40,813,593
69$48,391,524$26,568,398$22,151,232$44,445,731
70$53,259,959$27,802,749$22,825,798$48,429,626
71$58,622,848$29,095,458$23,520,835$52,800,465
72$64,530,559$30,449,315$24,236,964$57,596,996
73$71,038,594$31,867,250$24,974,820$62,861,893
74$78,208,115$33,352,329$25,735,061$68,642,151
75$86,106,520$34,907,771$26,518,362$74,989,529
76$94,808,079$36,536,946$27,325,422$81,961,036
77$104,394,637$38,243,389$28,156,957$89,619,458
78$114,956,381$40,030,807$29,013,706$98,033,955
79$126,592,698$41,903,083$29,896,432$107,280,704
80$139,413,109$43,864,289$30,805,918$117,443,614
81$153,538,302$45,918,696$31,742,972$128,615,115
82$169,101,275$48,070,777$32,708,427$140,897,023
83$186,248,585$50,325,226$33,703,140$154,401,497
84$205,141,739$52,686,960$34,727,993$169,252,094
85$225,958,712$55,161,137$35,783,897$185,584,925
86$248,895,631$57,753,163$36,871,788$203,549,940
87$274,168,624$60,468,706$37,992,630$223,312,330
88$302,015,859$63,313,708$39,147,419$245,054,087
89$332,699,796$66,294,399$40,337,177$268,975,711
90$366,509,661$69,417,311$41,562,959$295,298,095
91$403,764,180$72,689,292$42,825,851$324,264,605
92$444,814,581$76,117,522$44,126,972$356,143,370
93$490,047,916$79,709,529$45,467,473$391,229,804
94$539,890,712$83,473,205$46,848,543$429,849,385
95$594,812,998$87,416,825$48,271,402$472,360,721
96$655,332,740$91,549,065$49,737,310$519,158,926
97$722,020,733$95,879,023$51,247,564$570,679,338
98$795,505,990$100,416,237$52,803,498$627,401,623
99$876,481,675$105,170,707$54,406,490$689,854,289
100$965,711,654$110,152,919$56,057,955$758,619,667