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%18.8%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,199,829
2 years$637,739$625,862$614,351$603,190$592,365$548,368
3 years$420,936$409,008$397,526$386,470$375,821$333,347
4 years$312,556$300,664$289,297$278,430$268,038$227,412
5 years$247,545$235,724$224,506$213,861$203,758$165,086
6 years$204,218$192,487$181,434$171,026$161,227$124,537
7 years$173,283$161,650$150,773$140,610$131,121$96,406
8 years$150,092$138,564$127,867$117,954$108,777$76,009
9 years$132,064$120,645$110,132$100,471$91,606$60,742
10 years$117,650$106,342$96,016$86,607$78,053$49,040
11 years$105,864$94,670$84,531$75,374$67,128$39,906
12 years$96,050$84,971$75,019$66,113$58,172$32,676
13 years$87,752$76,789$67,024$58,368$50,727$26,889
14 years$80,646$69,799$60,222$51,813$44,467$22,215
15 years$74,493$63,763$54,372$46,208$39,152$18,412
16 years$69,114$58,501$49,296$41,374$34,603$15,301
17 years$64,373$53,877$44,858$37,174$30,681$12,743
18 years$60,163$49,785$40,949$33,501$27,280$10,631
19 years$56,401$46,140$37,487$30,271$24,316$8,883
20 years$53,019$42,876$34,404$27,417$21,719$7,431
21 years$49,964$39,937$31,645$24,882$19,436$6,222
22 years$47,190$37,280$29,166$22,624$17,422$5,215
23 years$44,661$34,867$26,929$20,604$15,639$4,374
24 years$42,346$32,668$24,905$18,792$14,057$3,670
25 years$40,219$30,657$23,067$17,162$12,649$3,081
26 years$38,260$28,813$21,394$15,692$11,394$2,588
27 years$36,448$27,116$19,866$14,363$10,272$2,175
28 years$34,769$25,552$18,468$13,160$9,269$1,828
29 years$33,209$24,105$17,186$12,068$8,369$1,537
30 years$31,755$22,765$16,008$11,075$7,562$1,292
31 years$30,398$21,520$14,924$10,172$6,837$1,087
32 years$29,128$20,362$13,924$9,348$6,185$914
33 years$27,937$19,284$13,001$8,596$5,597$769
34 years$26,819$18,277$12,147$7,909$5,068$647
35 years$25,768$17,335$11,357$7,281$4,590$544
36 years$24,776$16,453$10,624$6,706$4,159$458
37 years$23,841$15,627$9,944$6,178$3,769$385
38 years$22,957$14,851$9,312$5,695$3,417$324
39 years$22,120$14,122$8,725$5,251$3,099$273
40 years$21,328$13,436$8,177$4,843$2,811$230
41 years$20,576$12,790$7,668$4,468$2,550$193
42 years$19,861$12,181$7,193$4,124$2,314$163
43 years$19,182$11,606$6,749$3,807$2,100$137
44 years$18,535$11,063$6,335$3,515$1,906$115
45 years$17,919$10,549$5,949$3,246$1,730$97
46 years$17,331$10,063$5,587$2,998$1,571$82
47 years$16,770$9,604$5,249$2,770$1,427$69
48 years$16,234$9,168$4,933$2,560$1,296$58
49 years$15,722$8,755$4,636$2,366$1,177$49
50 years$15,231$8,363$4,359$2,187$1,069$41

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 $5,315 every year, while hoping to spend $31,041 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: 51/31/18 Blend
57$15,600,000$15,600,000$15,600,000$15,600,000
58$17,196,682$16,369,882$16,128,082$17,988,107
59$18,917,717$17,138,979$16,635,346$19,302,652
60$20,813,256$17,944,722$17,158,562$20,727,413
61$22,901,067$18,788,872$17,698,233$22,275,787
62$25,200,728$19,673,279$18,254,876$23,959,476
63$27,733,813$20,599,880$18,829,025$25,791,334
64$30,524,094$21,570,707$19,421,230$27,785,486
65$33,597,770$22,587,889$20,032,059$29,957,452
66$36,983,707$23,653,660$20,662,097$32,324,292
67$40,713,717$24,770,361$21,311,949$34,904,759
68$44,822,855$25,940,448$21,982,238$37,719,469
69$49,349,749$27,166,493$22,673,607$40,791,088
70$54,336,968$28,451,196$23,386,717$44,144,541
71$59,831,420$29,797,386$24,122,253$47,807,239
72$65,884,797$31,208,030$24,880,921$51,809,331
73$72,554,061$32,686,238$25,663,447$56,183,976
74$79,901,984$34,235,272$26,470,581$60,967,656
75$87,997,739$35,858,553$27,303,098$66,200,501
76$96,917,552$37,559,666$28,161,795$71,926,667
77$106,745,423$39,342,370$29,047,496$78,194,741
78$117,573,919$41,210,609$29,961,049$85,058,186
79$129,505,046$43,168,516$30,903,332$92,575,840
80$142,651,213$45,220,426$31,875,246$100,812,457
81$157,136,294$47,370,884$32,877,724$109,839,306
82$173,096,795$49,624,656$33,911,727$119,734,838
83$190,683,144$51,986,740$34,978,246$130,585,404
84$210,061,111$54,462,376$36,078,303$142,486,064
85$231,413,371$57,057,059$37,212,953$155,541,471
86$254,941,231$59,776,552$38,383,283$169,866,838
87$280,866,530$62,626,896$39,590,416$185,589,017
88$309,433,730$65,614,428$40,835,509$202,847,677
89$340,912,227$68,745,792$42,119,755$221,796,605
90$375,598,892$72,027,954$43,444,386$242,605,145
91$413,820,877$75,468,221$44,810,670$265,459,775
92$455,938,697$79,074,255$46,219,918$290,565,846
93$502,349,640$82,854,089$47,673,481$318,149,507
94$553,491,513$86,816,149$49,172,752$348,459,813
95$609,846,776$90,969,269$50,719,168$381,771,056
96$671,947,099$95,322,715$52,314,212$418,385,335
97$740,378,377$99,886,202$53,959,412$458,635,379
98$815,786,265$104,669,919$55,656,346$502,887,665
99$898,882,269$109,684,551$57,406,639$551,545,853
100$990,450,470$114,941,303$59,211,970$605,054,565