Can I retire at age 58 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,239,898
2 years$641,827$629,874$618,289$607,057$596,162$584,031
3 years$423,635$411,630$400,074$388,947$378,230$366,386
4 years$314,560$302,591$291,151$280,215$269,757$258,292
5 years$249,132$237,235$225,945$215,232$205,065$194,012
6 years$205,527$193,720$182,598$172,122$162,261$151,634
7 years$174,394$162,686$151,739$141,511$131,961$121,766
8 years$151,054$139,452$128,687$118,710$109,475$99,709
9 years$132,910$121,418$110,838$101,115$92,194$82,855
10 years$118,404$107,024$96,631$87,162$78,553$69,636
11 years$106,543$95,277$85,073$75,857$67,559$59,056
12 years$96,666$85,516$75,500$66,537$58,545$50,448
13 years$88,315$77,281$67,454$58,742$51,052$43,352
14 years$81,163$70,247$60,608$52,145$44,752$37,438
15 years$74,970$64,171$54,721$46,504$39,403$32,465
16 years$69,557$58,876$49,612$41,639$34,825$28,250
17 years$64,785$54,223$45,145$37,412$30,878$24,656
18 years$60,549$50,104$41,212$33,716$27,455$21,573
19 years$56,763$46,436$37,727$30,465$24,472$18,917
20 years$53,359$43,151$34,624$27,592$21,858$16,619
21 years$50,284$40,193$31,848$25,042$19,561$14,625
22 years$47,492$37,519$29,353$22,769$17,533$12,887
23 years$44,947$35,091$27,102$20,736$15,739$11,371
24 years$42,617$32,878$25,065$18,912$14,147$10,043
25 years$40,477$30,854$23,215$17,272$12,730$8,879
26 years$38,505$28,998$21,531$15,792$11,467$7,857
27 years$36,682$27,290$19,993$14,455$10,338$6,957
28 years$34,992$25,716$18,586$13,244$9,328$6,164
29 years$33,421$24,260$17,296$12,145$8,423$5,465
30 years$31,958$22,911$16,111$11,146$7,611$4,847
31 years$30,592$21,658$15,019$10,237$6,881$4,301
32 years$29,314$20,493$14,013$9,408$6,224$3,818
33 years$28,116$19,407$13,084$8,651$5,633$3,391
34 years$26,991$18,394$12,225$7,960$5,100$3,012
35 years$25,933$17,446$11,430$7,328$4,619$2,676
36 years$24,935$16,559$10,692$6,749$4,185$2,379
37 years$23,994$15,727$10,008$6,218$3,793$2,115
38 years$23,104$14,946$9,372$5,731$3,439$1,880
39 years$22,262$14,213$8,780$5,284$3,119$1,672
40 years$21,464$13,522$8,230$4,874$2,829$1,487
41 years$20,707$12,872$7,717$4,497$2,566$1,323
42 years$19,988$12,259$7,239$4,150$2,329$1,177
43 years$19,305$11,680$6,793$3,831$2,113$1,047
44 years$18,654$11,133$6,376$3,537$1,918$932
45 years$18,034$10,617$5,987$3,267$1,741$829
46 years$17,442$10,128$5,623$3,018$1,581$738
47 years$16,878$9,665$5,283$2,788$1,436$657
48 years$16,338$9,227$4,964$2,576$1,304$584
49 years$15,822$8,811$4,666$2,381$1,184$520
50 years$15,329$8,417$4,387$2,201$1,076$463

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,700,000, adding $6,766 every year, while hoping to spend $26,445 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: 86/7/7 Blend
57$15,700,000$15,700,000$15,700,000$15,700,000
58$17,308,379$16,476,279$16,232,929$18,787,069
59$19,045,697$17,255,480$16,748,595$20,531,365
60$20,959,334$18,071,974$17,280,649$22,443,487
61$23,067,248$18,927,563$17,829,613$24,543,826
62$25,389,227$19,824,133$18,396,024$26,851,312
63$27,947,074$20,763,662$18,980,438$29,386,795
64$30,764,819$21,748,224$19,583,425$32,173,241
65$33,868,938$22,779,995$20,205,578$35,235,946
66$37,288,610$23,861,255$20,847,505$38,602,775
67$41,055,988$24,994,396$21,509,836$42,304,420
68$45,206,502$26,181,925$22,193,218$46,374,691
69$49,779,196$27,426,471$22,898,323$50,850,832
70$54,817,097$28,730,791$23,625,840$55,773,873
71$60,367,617$30,097,776$24,376,481$61,189,011
72$66,483,005$31,530,457$25,150,984$67,146,040
73$73,220,835$33,032,013$25,950,106$73,699,812
74$80,644,556$34,605,777$26,774,630$80,910,760
75$88,824,085$36,255,245$27,625,364$88,845,462
76$97,836,470$37,984,080$28,503,142$97,577,267
77$107,766,617$39,796,127$29,408,825$107,186,986
78$118,708,089$41,695,415$30,343,298$117,763,653
79$130,763,995$43,686,171$31,307,479$129,405,360
80$144,047,954$45,772,825$32,302,311$142,220,182
81$158,685,178$47,960,026$33,328,771$156,327,196
82$174,813,644$50,252,645$34,387,863$171,857,597
83$192,585,406$52,655,795$35,480,626$188,955,939
84$212,168,021$55,174,833$36,608,131$207,781,492
85$233,746,139$57,815,379$37,771,483$228,509,744
86$257,523,239$60,583,327$38,971,822$251,334,052
87$283,723,556$63,484,856$40,210,325$276,467,467
88$312,594,193$66,526,449$41,488,205$304,144,737
89$344,407,457$69,714,901$42,806,716$334,624,522
90$379,463,426$73,057,339$44,167,149$368,191,831
91$418,092,785$76,561,239$45,570,839$405,160,706
92$460,659,949$80,234,439$47,019,161$445,877,183
93$507,566,496$84,085,159$48,513,536$490,722,556
94$559,254,967$88,122,020$50,055,427$540,116,967
95$616,213,038$92,354,063$51,646,348$594,523,369
96$678,978,125$96,790,770$53,287,858$654,451,893
97$748,142,459$101,442,082$54,981,566$720,464,653
98$824,358,674$106,318,429$56,729,134$793,181,052
99$908,345,973$111,430,746$58,532,273$873,283,618
100$1,000,896,911$116,790,502$60,392,754$961,524,443