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%15.5%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,215,869
2 years$637,739$625,862$614,351$603,190$592,365$564,208
3 years$420,936$409,008$397,526$386,470$375,821$348,484
4 years$312,556$300,664$289,297$278,430$268,038$241,732
5 years$247,545$235,724$224,506$213,861$203,758$178,556
6 years$204,218$192,487$181,434$171,026$161,227$137,155
7 years$173,283$161,650$150,773$140,610$131,121$108,183
8 years$150,092$138,564$127,867$117,954$108,777$86,966
9 years$132,064$120,645$110,132$100,471$91,606$70,904
10 years$117,650$106,342$96,016$86,607$78,053$58,438
11 years$105,864$94,670$84,531$75,374$67,128$48,575
12 years$96,050$84,971$75,019$66,113$58,172$40,650
13 years$87,752$76,789$67,024$58,368$50,727$34,205
14 years$80,646$69,799$60,222$51,813$44,467$28,910
15 years$74,493$63,763$54,372$46,208$39,152$24,526
16 years$69,114$58,501$49,296$41,374$34,603$20,870
17 years$64,373$53,877$44,858$37,174$30,681$17,805
18 years$60,163$49,785$40,949$33,501$27,280$15,222
19 years$56,401$46,140$37,487$30,271$24,316$13,038
20 years$53,019$42,876$34,404$27,417$21,719$11,185
21 years$49,964$39,937$31,645$24,882$19,436$9,607
22 years$47,190$37,280$29,166$22,624$17,422$8,261
23 years$44,661$34,867$26,929$20,604$15,639$7,111
24 years$42,346$32,668$24,905$18,792$14,057$6,126
25 years$40,219$30,657$23,067$17,162$12,649$5,280
26 years$38,260$28,813$21,394$15,692$11,394$4,555
27 years$36,448$27,116$19,866$14,363$10,272$3,931
28 years$34,769$25,552$18,468$13,160$9,269$3,394
29 years$33,209$24,105$17,186$12,068$8,369$2,931
30 years$31,755$22,765$16,008$11,075$7,562$2,533
31 years$30,398$21,520$14,924$10,172$6,837$2,189
32 years$29,128$20,362$13,924$9,348$6,185$1,892
33 years$27,937$19,284$13,001$8,596$5,597$1,636
34 years$26,819$18,277$12,147$7,909$5,068$1,415
35 years$25,768$17,335$11,357$7,281$4,590$1,224
36 years$24,776$16,453$10,624$6,706$4,159$1,059
37 years$23,841$15,627$9,944$6,178$3,769$916
38 years$22,957$14,851$9,312$5,695$3,417$792
39 years$22,120$14,122$8,725$5,251$3,099$686
40 years$21,328$13,436$8,177$4,843$2,811$593
41 years$20,576$12,790$7,668$4,468$2,550$513
42 years$19,861$12,181$7,193$4,124$2,314$444
43 years$19,182$11,606$6,749$3,807$2,100$385
44 years$18,535$11,063$6,335$3,515$1,906$333
45 years$17,919$10,549$5,949$3,246$1,730$288
46 years$17,331$10,063$5,587$2,998$1,571$249
47 years$16,770$9,604$5,249$2,770$1,427$216
48 years$16,234$9,168$4,933$2,560$1,296$187
49 years$15,722$8,755$4,636$2,366$1,177$162
50 years$15,231$8,363$4,359$2,187$1,069$140

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 $5,759 every year, while hoping to spend $21,741 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: 55/26/19 Blend
57$15,600,000$15,600,000$15,600,000$15,600,000
58$17,197,140$16,370,340$16,128,540$18,054,668
59$18,928,116$17,149,355$16,645,714$19,420,022
60$20,834,923$17,965,812$17,179,485$20,903,287
61$22,935,473$18,821,525$17,730,385$22,518,051
62$25,249,504$19,718,391$18,298,965$24,276,904
63$27,798,765$20,658,405$18,885,793$26,193,683
64$30,607,227$21,643,654$19,491,454$28,283,601
65$33,701,301$22,676,330$20,116,555$30,563,383
66$37,110,092$23,758,729$20,761,718$33,051,419
67$40,865,675$24,893,261$21,427,589$35,767,932
68$45,003,394$26,082,450$22,114,833$38,735,164
69$49,562,197$27,328,947$22,824,137$41,977,578
70$54,585,004$28,635,528$23,556,208$45,522,086
71$60,119,112$30,005,107$24,311,779$49,398,293
72$66,216,642$31,440,738$25,091,605$53,638,770
73$72,935,030$32,945,624$25,896,463$58,279,356
74$80,337,568$34,523,125$26,727,160$63,359,486
75$88,494,005$36,176,763$27,584,525$68,922,560
76$97,481,202$37,910,233$28,469,415$75,016,337
77$107,383,858$39,727,408$29,382,714$81,693,387
78$118,295,312$41,632,351$30,325,335$89,011,566
79$130,318,420$43,629,323$31,298,221$97,034,566
80$143,566,531$45,722,792$32,302,343$105,832,495
81$158,164,551$47,917,443$33,338,706$115,482,535
82$174,250,128$50,218,190$34,408,345$126,069,657
83$191,974,947$52,630,187$35,512,330$137,687,413
84$211,506,163$55,158,838$36,651,765$150,438,808
85$233,027,981$57,809,810$37,827,788$164,437,257
86$256,743,393$60,589,048$39,041,577$179,807,646
87$282,876,093$63,502,786$40,294,344$196,687,494
88$311,672,592$66,557,560$41,587,342$215,228,241
89$343,404,542$69,760,226$42,921,864$235,596,660
90$378,371,305$73,117,976$44,299,245$257,976,416
91$416,902,771$76,638,350$45,720,863$282,569,783
92$459,362,480$80,329,256$47,188,139$309,599,541
93$506,151,053$84,198,989$48,702,541$339,311,054
94$557,709,968$88,256,248$50,265,584$371,974,573
95$614,525,735$92,510,154$51,878,831$407,887,767
96$677,134,485$96,970,276$53,543,897$447,378,512
97$746,127,031$101,646,649$55,262,447$490,807,964
98$822,154,450$106,549,796$57,036,200$538,573,948
99$905,934,223$111,690,755$58,866,932$591,114,689
100$998,257,013$117,081,102$60,756,473$648,912,925