Can I retire at age 58 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,228,931
2 years$637,739$625,862$614,351$603,190$592,365$577,234
3 years$420,936$409,008$397,526$386,470$375,821$361,064
4 years$312,556$300,664$289,297$278,430$268,038$253,769
5 years$247,545$235,724$224,506$213,861$203,758$190,019
6 years$204,218$192,487$181,434$171,026$161,227$148,033
7 years$173,283$161,650$150,773$140,610$131,121$118,478
8 years$150,092$138,564$127,867$117,954$108,777$96,685
9 years$132,064$120,645$110,132$100,471$91,606$80,059
10 years$117,650$106,342$96,016$86,607$78,053$67,043
11 years$105,864$94,670$84,531$75,374$67,128$56,645
12 years$96,050$84,971$75,019$66,113$58,172$48,205
13 years$87,752$76,789$67,024$58,368$50,727$41,263
14 years$80,646$69,799$60,222$51,813$44,467$35,493
15 years$74,493$63,763$54,372$46,208$39,152$30,653
16 years$69,114$58,501$49,296$41,374$34,603$26,564
17 years$64,373$53,877$44,858$37,174$30,681$23,087
18 years$60,163$49,785$40,949$33,501$27,280$20,114
19 years$56,401$46,140$37,487$30,271$24,316$17,561
20 years$53,019$42,876$34,404$27,417$21,719$15,360
21 years$49,964$39,937$31,645$24,882$19,436$13,456
22 years$47,190$37,280$29,166$22,624$17,422$11,804
23 years$44,661$34,867$26,929$20,604$15,639$10,367
24 years$42,346$32,668$24,905$18,792$14,057$9,115
25 years$40,219$30,657$23,067$17,162$12,649$8,021
26 years$38,260$28,813$21,394$15,692$11,394$7,063
27 years$36,448$27,116$19,866$14,363$10,272$6,225
28 years$34,769$25,552$18,468$13,160$9,269$5,489
29 years$33,209$24,105$17,186$12,068$8,369$4,842
30 years$31,755$22,765$16,008$11,075$7,562$4,274
31 years$30,398$21,520$14,924$10,172$6,837$3,774
32 years$29,128$20,362$13,924$9,348$6,185$3,334
33 years$27,937$19,284$13,001$8,596$5,597$2,946
34 years$26,819$18,277$12,147$7,909$5,068$2,604
35 years$25,768$17,335$11,357$7,281$4,590$2,302
36 years$24,776$16,453$10,624$6,706$4,159$2,036
37 years$23,841$15,627$9,944$6,178$3,769$1,800
38 years$22,957$14,851$9,312$5,695$3,417$1,593
39 years$22,120$14,122$8,725$5,251$3,099$1,409
40 years$21,328$13,436$8,177$4,843$2,811$1,247
41 years$20,576$12,790$7,668$4,468$2,550$1,103
42 years$19,861$12,181$7,193$4,124$2,314$976
43 years$19,182$11,606$6,749$3,807$2,100$864
44 years$18,535$11,063$6,335$3,515$1,906$765
45 years$17,919$10,549$5,949$3,246$1,730$677
46 years$17,331$10,063$5,587$2,998$1,571$600
47 years$16,770$9,604$5,249$2,770$1,427$531
48 years$16,234$9,168$4,933$2,560$1,296$470
49 years$15,722$8,755$4,636$2,366$1,177$416
50 years$15,231$8,363$4,359$2,187$1,069$368

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,600,000, adding $5,338 every year, while hoping to spend $33,198 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: 54/19/27 Blend
57$15,600,000$15,600,000$15,600,000$15,600,000
58$17,196,706$16,369,906$16,128,106$17,996,165
59$18,915,448$17,136,709$16,633,075$19,315,693
60$20,808,388$17,939,973$17,153,848$20,747,643
61$22,893,261$18,781,449$17,690,919$22,305,975
62$25,189,607$19,662,973$18,244,799$24,002,825
63$27,718,959$20,586,471$18,816,012$25,851,538
64$30,505,046$21,553,961$19,405,101$27,866,788
65$33,574,014$22,567,558$20,012,625$30,064,711
66$36,954,676$23,629,481$20,639,161$32,463,058
67$40,678,784$24,742,057$21,285,303$35,081,352
68$44,781,325$25,907,722$21,951,666$37,941,070
69$49,300,853$27,129,034$22,638,880$41,065,843
70$54,279,857$28,408,673$23,347,599$44,481,669
71$59,765,154$29,749,450$24,078,495$48,217,158
72$65,808,337$31,154,310$24,832,262$52,303,791
73$72,466,259$32,626,343$25,609,615$56,776,217
74$79,801,572$34,168,789$26,411,291$61,672,570
75$87,883,315$35,785,042$27,238,052$67,034,822
76$96,787,568$37,478,664$28,090,682$72,909,178
77$106,598,170$39,253,388$28,969,990$79,346,496
78$117,407,509$41,113,130$29,876,810$86,402,769
79$129,317,394$43,061,993$30,812,003$94,139,639
80$142,440,019$45,104,281$31,776,456$102,624,977
81$156,899,018$47,244,508$32,771,083$111,933,509
82$172,830,633$49,487,404$33,796,830$122,147,518
83$190,385,003$51,837,932$34,854,669$133,357,607
84$209,727,575$54,301,293$35,945,603$145,663,549
85$231,040,675$56,882,943$37,070,667$159,175,218
86$254,525,218$59,588,601$38,230,929$174,013,613
87$280,402,614$62,424,267$39,427,489$190,311,993
88$308,916,853$65,396,228$40,661,482$208,217,122
89$340,336,809$68,511,081$41,934,079$227,890,644
90$374,958,780$71,775,740$43,246,486$249,510,593
91$413,109,281$75,197,457$44,599,950$273,273,067
92$455,148,132$78,783,836$45,995,752$299,394,060
93$501,471,849$82,542,852$47,435,218$328,111,490
94$552,517,392$86,482,866$48,919,711$359,687,431
95$608,766,285$90,612,646$50,450,641$394,410,569
96$670,749,168$94,941,387$52,029,459$432,598,915
97$739,050,799$99,478,731$53,657,662$474,602,787
98$814,315,581$104,234,789$55,336,794$520,808,102
99$897,253,641$109,220,164$57,068,447$571,640,001
100$988,647,536$114,445,976$58,854,264$627,566,842