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%15.3%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,201,260
2 years$629,563$617,838$606,475$595,457$584,770$557,947
3 years$415,540$403,764$392,429$381,515$371,002$344,951
4 years$308,549$296,809$285,588$274,860$264,602$239,523
5 years$244,371$232,702$221,628$211,119$201,146$177,110
6 years$201,600$190,019$179,108$168,834$159,160$136,193
7 years$171,061$159,577$148,840$138,807$129,440$107,546
8 years$148,168$136,787$126,228$116,442$107,383$86,554
9 years$130,371$119,098$108,720$99,183$90,432$70,653
10 years$116,142$104,979$94,785$85,497$77,052$58,304
11 years$104,507$93,457$83,447$74,408$66,268$48,524
12 years$94,819$83,882$74,057$65,265$57,426$40,661
13 years$86,627$75,805$66,165$57,620$50,077$34,259
14 years$79,612$68,904$59,450$51,148$43,897$28,996
15 years$73,538$62,945$53,675$45,615$38,650$24,633
16 years$68,228$57,751$48,664$40,844$34,159$20,991
17 years$63,548$53,187$44,283$36,698$30,288$17,933
18 years$59,392$49,147$40,424$33,072$26,931$15,355
19 years$55,678$45,549$37,006$29,883$24,004$13,171
20 years$52,340$42,326$33,963$27,065$21,441$11,316
21 years$49,323$39,425$31,239$24,563$19,187$9,735
22 years$46,585$36,802$28,792$22,334$17,198$8,384
23 years$44,088$34,420$26,584$20,340$15,438$7,228
24 years$41,803$32,249$24,586$18,551$13,876$6,236
25 years$39,704$30,264$22,771$16,942$12,487$5,384
26 years$37,769$28,444$21,119$15,491$11,247$4,652
27 years$35,981$26,769$19,611$14,179$10,141$4,021
28 years$34,323$25,224$18,231$12,991$9,150$3,477
29 years$32,783$23,796$16,966$11,913$8,262$3,008
30 years$31,348$22,473$15,803$10,933$7,465$2,604
31 years$30,008$21,244$14,732$10,041$6,749$2,254
32 years$28,754$20,101$13,746$9,228$6,105$1,952
33 years$27,579$19,036$12,834$8,486$5,525$1,690
34 years$26,475$18,042$11,992$7,808$5,003$1,464
35 years$25,437$17,113$11,211$7,188$4,531$1,268
36 years$24,459$16,242$10,488$6,620$4,105$1,099
37 years$23,535$15,427$9,817$6,099$3,721$953
38 years$22,663$14,661$9,193$5,622$3,373$826
39 years$21,837$13,941$8,613$5,183$3,059$716
40 years$21,054$13,264$8,073$4,781$2,775$620
41 years$20,312$12,626$7,570$4,411$2,517$538
42 years$19,606$12,024$7,101$4,071$2,284$466
43 years$18,936$11,457$6,663$3,758$2,073$404
44 years$18,297$10,921$6,254$3,470$1,882$350
45 years$17,689$10,414$5,873$3,204$1,708$304
46 years$17,109$9,934$5,516$2,960$1,551$264
47 years$16,555$9,481$5,182$2,735$1,408$229
48 years$16,026$9,050$4,869$2,527$1,279$198
49 years$15,520$8,643$4,577$2,335$1,162$172
50 years$15,036$8,256$4,303$2,159$1,055$149

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 $2,080 every year, while hoping to spend $29,712 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: 54/39/7 Blend
57$15,400,000$15,400,000$15,400,000$15,400,000
58$16,972,946$16,156,746$15,918,046$17,861,573
59$18,672,573$16,916,813$16,419,687$19,222,814
60$20,544,566$17,713,127$16,937,137$20,700,091
61$22,606,475$18,547,434$17,470,895$22,307,108
62$24,877,640$19,421,563$18,021,474$24,056,160
63$27,379,370$20,337,430$18,589,404$25,960,751
64$30,135,150$21,297,048$19,175,233$28,035,718
65$33,170,856$22,302,525$19,779,525$30,297,363
66$36,515,005$23,356,070$20,402,860$32,763,602
67$40,199,020$24,460,002$21,045,840$35,454,126
68$44,257,528$25,616,750$21,709,084$38,390,580
69$48,728,687$26,828,862$22,393,230$41,596,760
70$53,654,547$28,099,010$23,098,936$45,098,829
71$59,081,443$29,429,994$23,826,884$48,925,557
72$65,060,439$30,824,752$24,577,772$53,108,580
73$71,647,801$32,286,363$25,352,326$57,682,696
74$78,905,538$33,818,055$26,151,289$62,686,179
75$86,901,977$35,423,214$26,975,432$68,161,131
76$95,712,418$37,105,391$27,825,548$74,153,871
77$105,419,837$38,868,307$28,702,456$80,715,357
78$116,115,672$40,715,866$29,607,000$87,901,662
79$127,900,687$42,652,160$30,540,051$95,774,485
80$140,885,922$44,681,481$31,502,508$104,401,724
81$155,193,741$46,808,328$32,495,297$113,858,105
82$170,958,987$49,037,421$33,519,374$124,225,870
83$188,330,256$51,373,707$34,575,725$135,595,540
84$207,471,298$53,822,375$35,665,368$148,066,757
85$228,562,565$56,388,865$36,789,352$161,749,204
86$251,802,910$59,078,883$37,948,759$176,763,630
87$277,411,469$61,898,411$39,144,705$193,242,966
88$305,629,729$64,853,723$40,378,343$211,333,565
89$336,723,803$67,951,397$41,650,859$231,196,563
90$370,986,948$71,198,333$42,963,480$253,009,384
91$408,742,329$74,601,764$44,317,469$276,967,388
92$450,346,073$78,169,276$45,714,130$303,285,695
93$496,190,627$81,908,825$47,154,808$332,201,197
94$546,708,467$85,828,754$48,640,890$363,974,765
95$602,376,178$89,937,810$50,173,808$398,893,688
96$663,718,955$94,245,169$51,755,036$437,274,357
97$731,315,557$98,760,452$53,386,099$479,465,230
98$805,803,777$103,493,747$55,068,567$525,850,084
99$887,886,458$108,455,635$56,804,059$576,851,614
100$978,338,128$113,657,214$58,594,247$632,935,386