Can I retire at age 58 with 15,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,215,516
2 years$633,651$621,850$610,413$599,324$588,568$567,998
3 years$418,238$406,386$394,978$383,993$373,411$353,389
4 years$310,552$298,737$287,443$276,645$266,320$246,999
5 years$245,958$234,213$223,067$212,490$202,452$183,888
6 years$202,909$191,253$180,271$169,930$160,194$142,407
7 years$172,172$160,614$149,806$139,709$130,280$113,277
8 years$149,130$137,676$127,048$117,198$108,080$91,857
9 years$131,217$119,871$109,426$99,827$91,019$75,567
10 years$116,896$105,661$95,400$86,052$77,553$62,859
11 years$105,186$94,064$83,989$74,891$66,698$52,746
12 years$95,434$84,426$74,538$65,689$57,799$44,572
13 years$87,190$76,297$66,595$57,994$50,402$37,880
14 years$80,129$69,352$59,836$51,480$44,182$32,344
15 years$74,015$63,354$54,024$45,911$38,901$27,725
16 years$68,671$58,126$48,980$41,109$34,381$23,843
17 years$63,960$53,532$44,570$36,936$30,485$20,561
18 years$59,778$49,466$40,687$33,287$27,106$17,772
19 years$56,040$45,845$37,247$30,077$24,160$15,392
20 years$52,680$42,601$34,183$27,241$21,580$13,354
21 years$49,644$39,681$31,442$24,723$19,312$11,602
22 years$46,887$37,041$28,979$22,479$17,310$10,093
23 years$44,374$34,644$26,757$20,472$15,539$8,789
24 years$42,074$32,459$24,745$18,671$13,966$7,661
25 years$39,961$30,461$22,919$17,052$12,568$6,683
26 years$38,014$28,628$21,256$15,591$11,320$5,834
27 years$36,214$26,943$19,738$14,271$10,206$5,097
28 years$34,546$25,388$18,349$13,075$9,209$4,454
29 years$32,996$23,951$17,076$11,990$8,316$3,895
30 years$31,551$22,619$15,905$11,004$7,514$3,407
31 years$30,203$21,382$14,828$10,106$6,793$2,981
32 years$28,941$20,232$13,835$9,288$6,145$2,609
33 years$27,758$19,160$12,918$8,541$5,561$2,285
34 years$26,647$18,159$12,070$7,859$5,035$2,001
35 years$25,602$17,224$11,284$7,234$4,560$1,753
36 years$24,618$16,348$10,556$6,663$4,132$1,535
37 years$23,688$15,527$9,880$6,139$3,745$1,345
38 years$22,810$14,756$9,252$5,658$3,395$1,179
39 years$21,979$14,031$8,669$5,217$3,079$1,033
40 years$21,191$13,350$8,125$4,812$2,793$906
41 years$20,444$12,708$7,619$4,440$2,534$794
42 years$19,734$12,102$7,147$4,097$2,299$696
43 years$19,059$11,531$6,706$3,782$2,086$610
44 years$18,416$10,992$6,295$3,492$1,894$535
45 years$17,804$10,482$5,911$3,225$1,719$469
46 years$17,220$9,999$5,551$2,979$1,561$411
47 years$16,663$9,542$5,216$2,752$1,417$361
48 years$16,130$9,109$4,901$2,543$1,287$316
49 years$15,621$8,699$4,607$2,351$1,169$277
50 years$15,133$8,309$4,331$2,173$1,062$243

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,500,000, adding $4,465 every year, while hoping to spend $33,816 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: 46/33/21 Blend
57$15,500,000$15,500,000$15,500,000$15,500,000
58$17,085,606$16,264,106$16,023,856$17,768,595
59$18,792,357$17,025,067$16,524,675$19,008,745
60$20,672,065$17,822,182$17,041,138$20,349,714
61$22,742,333$18,657,186$17,573,734$21,803,901
62$25,022,562$19,531,900$18,122,966$23,381,882
63$27,534,132$20,448,231$18,689,353$25,095,266
64$30,300,598$21,408,179$19,273,431$26,956,804
65$33,347,920$22,413,841$19,875,752$28,980,500
66$36,704,704$23,467,416$20,496,886$31,181,740
67$40,402,472$24,571,207$21,137,420$33,577,429
68$44,475,959$25,727,631$21,797,958$36,186,143
69$48,963,444$26,939,222$22,479,127$39,028,298
70$53,907,107$28,208,636$23,181,570$42,126,335
71$59,353,430$29,538,657$23,905,950$45,504,926
72$65,353,633$30,932,204$24,652,952$49,191,194
73$71,964,160$32,392,339$25,423,283$53,214,965
74$79,247,212$33,922,271$26,217,670$57,609,039
75$87,271,330$35,525,365$27,036,865$62,409,488
76$96,112,046$37,205,148$27,881,641$67,655,991
77$105,852,596$38,965,322$28,752,797$73,392,196
78$116,584,701$40,809,762$29,651,155$79,666,119
79$128,409,437$42,742,538$30,577,566$86,530,590
80$141,438,190$44,767,912$31,532,904$94,043,738
81$155,793,701$46,890,355$32,518,072$102,269,529
82$171,611,232$49,114,556$33,534,001$111,278,352
83$189,039,838$51,445,430$34,581,651$121,147,679
84$208,243,776$53,888,131$35,662,011$131,962,772
85$229,404,055$56,448,063$36,776,102$143,817,482
86$252,720,144$59,130,893$37,924,977$156,815,113
87$278,411,856$61,942,564$39,109,720$171,069,386
88$306,721,421$64,889,306$40,331,452$186,705,492
89$337,915,776$67,977,652$41,591,325$203,861,259
90$372,289,081$71,214,453$42,890,531$222,688,434
91$410,165,499$74,606,893$44,230,296$243,354,092
92$451,902,255$78,162,505$45,611,885$266,042,202
93$497,893,005$81,889,188$47,036,604$290,955,334
94$548,571,559$85,795,225$48,505,797$318,316,554
95$604,415,969$89,889,303$50,020,852$348,371,505
96$665,953,048$94,180,528$51,583,201$381,390,701
97$733,763,338$98,678,454$53,194,317$417,672,059
98$808,486,594$103,393,094$54,855,723$457,543,681
99$890,827,824$108,334,953$56,568,987$501,366,925
100$981,563,941$113,515,044$58,335,727$549,539,789