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

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,218,849
2 years$637,739$625,862$614,351$603,190$592,365$567,171
3 years$420,936$409,008$397,526$386,470$375,821$351,334
4 years$312,556$300,664$289,297$278,430$268,038$244,449
5 years$247,545$235,724$224,506$213,861$203,758$181,133
6 years$204,218$192,487$181,434$171,026$161,227$139,590
7 years$173,283$161,650$150,773$140,610$131,121$110,476
8 years$150,092$138,564$127,867$117,954$108,777$89,120
9 years$132,064$120,645$110,132$100,471$91,606$72,922
10 years$117,650$106,342$96,016$86,607$78,053$60,325
11 years$105,864$94,670$84,531$75,374$67,128$50,334
12 years$96,050$84,971$75,019$66,113$58,172$42,287
13 years$87,752$76,789$67,024$58,368$50,727$35,724
14 years$80,646$69,799$60,222$51,813$44,467$30,318
15 years$74,493$63,763$54,372$46,208$39,152$25,828
16 years$69,114$58,501$49,296$41,374$34,603$22,071
17 years$64,373$53,877$44,858$37,174$30,681$18,911
18 years$60,163$49,785$40,949$33,501$27,280$16,239
19 years$56,401$46,140$37,487$30,271$24,316$13,972
20 years$53,019$42,876$34,404$27,417$21,719$12,040
21 years$49,964$39,937$31,645$24,882$19,436$10,389
22 years$47,190$37,280$29,166$22,624$17,422$8,975
23 years$44,661$34,867$26,929$20,604$15,639$7,762
24 years$42,346$32,668$24,905$18,792$14,057$6,718
25 years$40,219$30,657$23,067$17,162$12,649$5,819
26 years$38,260$28,813$21,394$15,692$11,394$5,043
27 years$36,448$27,116$19,866$14,363$10,272$4,374
28 years$34,769$25,552$18,468$13,160$9,269$3,795
29 years$33,209$24,105$17,186$12,068$8,369$3,294
30 years$31,755$22,765$16,008$11,075$7,562$2,860
31 years$30,398$21,520$14,924$10,172$6,837$2,484
32 years$29,128$20,362$13,924$9,348$6,185$2,158
33 years$27,937$19,284$13,001$8,596$5,597$1,875
34 years$26,819$18,277$12,147$7,909$5,068$1,630
35 years$25,768$17,335$11,357$7,281$4,590$1,417
36 years$24,776$16,453$10,624$6,706$4,159$1,232
37 years$23,841$15,627$9,944$6,178$3,769$1,071
38 years$22,957$14,851$9,312$5,695$3,417$932
39 years$22,120$14,122$8,725$5,251$3,099$810
40 years$21,328$13,436$8,177$4,843$2,811$705
41 years$20,576$12,790$7,668$4,468$2,550$613
42 years$19,861$12,181$7,193$4,124$2,314$533
43 years$19,182$11,606$6,749$3,807$2,100$464
44 years$18,535$11,063$6,335$3,515$1,906$404
45 years$17,919$10,549$5,949$3,246$1,730$351
46 years$17,331$10,063$5,587$2,998$1,571$306
47 years$16,770$9,604$5,249$2,770$1,427$266
48 years$16,234$9,168$4,933$2,560$1,296$231
49 years$15,722$8,755$4,636$2,366$1,177$201
50 years$15,231$8,363$4,359$2,187$1,069$175

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 $4,427 every year, while hoping to spend $50,823 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: 34/39/27 Blend
57$15,600,000$15,600,000$15,600,000$15,600,000
58$17,195,766$16,368,966$16,127,166$17,639,536
59$18,895,659$17,116,971$16,613,351$18,721,820
60$20,767,238$17,899,923$17,114,120$19,883,221
61$22,827,961$18,719,484$17,629,907$21,134,661
62$25,097,064$19,577,391$18,161,161$22,484,185
63$27,595,748$20,475,465$18,708,342$23,940,608
64$30,347,368$21,415,617$19,271,926$25,513,597
65$33,377,664$22,399,848$19,852,401$27,213,751
66$36,715,000$23,430,253$20,450,269$29,052,694
67$40,390,626$24,509,033$21,066,050$31,043,181
68$44,438,984$25,638,489$21,700,277$33,199,206
69$48,898,023$26,821,037$22,353,498$35,536,131
70$53,809,560$28,059,207$23,026,280$38,070,816
71$59,219,679$29,355,652$23,719,203$40,821,775
72$65,179,158$30,713,151$24,432,869$43,809,339
73$71,743,955$32,134,618$25,167,893$47,055,838
74$78,975,731$33,623,107$25,924,910$50,585,804
75$86,942,437$35,181,821$26,704,576$54,426,186
76$95,718,949$36,814,113$27,507,562$58,606,602
77$105,387,779$38,523,501$28,334,562$63,159,599
78$116,039,852$40,313,673$29,186,290$68,120,952
79$127,775,367$42,188,493$30,063,481$73,529,991
80$140,704,737$44,152,012$30,966,890$79,429,953
81$154,949,635$46,208,475$31,897,296$85,868,382
82$170,644,143$48,362,336$32,855,501$92,897,560
83$187,936,015$50,618,259$33,842,329$100,574,987
84$206,988,072$52,981,138$34,858,630$108,963,908
85$227,979,740$55,456,098$35,905,279$118,133,892
86$251,108,743$58,048,516$36,983,176$128,161,473
87$276,592,969$60,764,028$38,093,246$139,130,852
88$304,672,527$63,608,541$39,236,445$151,134,678
89$335,612,012$66,588,247$40,413,754$164,274,898
90$369,703,006$69,709,640$41,626,184$178,663,698
91$407,266,827$72,979,526$42,874,775$194,424,547
92$448,657,562$76,405,041$44,160,598$211,693,331
93$494,265,411$79,993,666$45,484,756$230,619,620
94$544,520,372$83,753,245$46,848,384$251,368,051
95$599,896,295$87,691,999$48,252,650$274,119,856
96$660,915,360$91,818,550$49,698,757$299,074,548
97$728,153,003$96,141,935$51,187,942$326,451,775
98$802,243,351$100,671,632$52,721,479$356,493,364
99$883,885,204$105,417,573$54,300,681$389,465,573
100$973,848,637$110,390,176$55,926,896$425,661,571