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%16.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,219,202
2 years$641,827$629,874$618,289$607,057$596,162$563,402
3 years$423,635$411,630$400,074$388,947$378,230$346,473
4 years$314,560$302,591$291,151$280,215$269,757$239,247
5 years$249,132$237,235$225,945$215,232$205,065$175,887
6 years$205,527$193,720$182,598$172,122$162,261$134,443
7 years$174,394$162,686$151,739$141,511$131,961$105,506
8 years$151,054$139,452$128,687$118,710$109,475$84,368
9 years$132,910$121,418$110,838$101,115$92,194$68,414
10 years$118,404$107,024$96,631$87,162$78,553$56,072
11 years$106,543$95,277$85,073$75,857$67,559$46,341
12 years$96,666$85,516$75,500$66,537$58,545$38,553
13 years$88,315$77,281$67,454$58,742$51,052$32,245
14 years$81,163$70,247$60,608$52,145$44,752$27,086
15 years$74,970$64,171$54,721$46,504$39,403$22,834
16 years$69,557$58,876$49,612$41,639$34,825$19,306
17 years$64,785$54,223$45,145$37,412$30,878$16,364
18 years$60,549$50,104$41,212$33,716$27,455$13,898
19 years$56,763$46,436$37,727$30,465$24,472$11,824
20 years$53,359$43,151$34,624$27,592$21,858$10,074
21 years$50,284$40,193$31,848$25,042$19,561$8,594
22 years$47,492$37,519$29,353$22,769$17,533$7,339
23 years$44,947$35,091$27,102$20,736$15,739$6,272
24 years$42,617$32,878$25,065$18,912$14,147$5,365
25 years$40,477$30,854$23,215$17,272$12,730$4,592
26 years$38,505$28,998$21,531$15,792$11,467$3,932
27 years$36,682$27,290$19,993$14,455$10,338$3,369
28 years$34,992$25,716$18,586$13,244$9,328$2,887
29 years$33,421$24,260$17,296$12,145$8,423$2,475
30 years$31,958$22,911$16,111$11,146$7,611$2,123
31 years$30,592$21,658$15,019$10,237$6,881$1,821
32 years$29,314$20,493$14,013$9,408$6,224$1,562
33 years$28,116$19,407$13,084$8,651$5,633$1,341
34 years$26,991$18,394$12,225$7,960$5,100$1,151
35 years$25,933$17,446$11,430$7,328$4,619$988
36 years$24,935$16,559$10,692$6,749$4,185$848
37 years$23,994$15,727$10,008$6,218$3,793$728
38 years$23,104$14,946$9,372$5,731$3,439$625
39 years$22,262$14,213$8,780$5,284$3,119$537
40 years$21,464$13,522$8,230$4,874$2,829$461
41 years$20,707$12,872$7,717$4,497$2,566$396
42 years$19,988$12,259$7,239$4,150$2,329$340
43 years$19,305$11,680$6,793$3,831$2,113$292
44 years$18,654$11,133$6,376$3,537$1,918$251
45 years$18,034$10,617$5,987$3,267$1,741$216
46 years$17,442$10,128$5,623$3,018$1,581$185
47 years$16,878$9,665$5,283$2,788$1,436$159
48 years$16,338$9,227$4,964$2,576$1,304$137
49 years$15,822$8,811$4,666$2,381$1,184$117
50 years$15,329$8,417$4,387$2,201$1,076$101

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 $3,698 every year, while hoping to spend $39,989 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: 47/35/18 Blend
57$15,700,000$15,700,000$15,700,000$15,700,000
58$17,305,214$16,473,114$16,229,764$18,030,119
59$19,027,798$17,237,749$16,730,914$19,299,575
60$20,924,746$18,038,511$17,247,511$20,672,278
61$23,013,799$18,877,127$17,780,032$22,161,343
62$25,314,510$19,755,409$18,328,966$23,777,654
63$27,848,422$20,675,257$18,894,819$25,533,161
64$30,639,276$21,638,659$19,478,110$27,440,987
65$33,713,232$22,647,704$20,079,377$29,515,547
66$37,099,117$23,704,577$20,699,172$31,772,679
67$40,828,698$24,811,571$21,338,064$34,229,782
68$44,936,977$25,971,091$21,996,642$36,905,980
69$49,462,530$27,185,655$22,675,510$39,822,287
70$54,447,861$28,457,905$23,375,293$43,001,807
71$59,939,811$29,790,611$24,096,634$46,469,936
72$65,989,995$31,186,674$24,840,194$50,254,596
73$72,655,293$32,649,139$25,606,659$54,386,492
74$79,998,381$34,181,196$26,396,730$58,899,390
75$88,088,331$35,786,189$27,211,135$63,830,427
76$97,001,253$37,467,625$28,050,622$69,220,452
77$106,821,024$39,229,181$28,915,960$75,114,399
78$117,640,068$41,074,711$29,807,945$81,561,704
79$129,560,239$43,008,256$30,727,395$88,616,756
80$142,693,776$45,034,053$31,675,155$96,339,400
81$157,164,362$47,156,543$32,652,094$104,795,490
82$173,108,297$49,380,383$33,659,108$114,057,498
83$190,675,778$51,710,456$34,697,123$124,205,182
84$210,032,320$54,151,882$35,767,090$135,326,326
85$231,360,320$56,710,027$36,869,990$147,517,552
86$254,860,774$59,390,520$38,006,836$160,885,221
87$280,755,178$62,199,260$39,178,670$175,546,414
88$309,287,616$65,142,434$40,386,566$191,630,024
89$340,727,070$68,226,530$41,631,633$209,277,954
90$375,369,949$71,458,348$42,915,010$228,646,437
91$413,542,896$74,845,019$44,237,876$249,907,492
92$455,605,868$78,394,022$45,601,441$273,250,525
93$501,955,534$82,113,196$47,006,957$298,884,099
94$553,029,018$86,010,763$48,455,709$327,037,876
95$609,308,029$90,095,341$49,949,027$357,964,765
96$671,323,406$94,375,971$51,488,278$391,943,280
97$739,660,130$98,862,130$53,074,871$429,280,150
98$814,962,843$103,563,754$54,710,259$470,313,180
99$897,941,941$108,491,266$56,395,941$515,414,417
100$989,380,273$113,655,592$58,133,459$564,993,629