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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,234,761
2 years$641,827$629,874$618,289$607,057$596,162$578,885
3 years$423,635$411,630$400,074$388,947$378,230$361,391
4 years$314,560$302,591$291,151$280,215$269,757$253,487
5 years$249,132$237,235$225,945$215,232$205,065$189,411
6 years$205,527$193,720$182,598$172,122$162,261$147,241
7 years$174,394$162,686$151,739$141,511$131,961$117,581
8 years$151,054$139,452$128,687$118,710$109,475$95,733
9 years$132,910$121,418$110,838$101,115$92,194$79,083
10 years$118,404$107,024$96,631$87,162$78,553$66,065
11 years$106,543$95,277$85,073$75,857$67,559$55,681
12 years$96,666$85,516$75,500$66,537$58,545$47,263
13 years$88,315$77,281$67,454$58,742$51,052$40,352
14 years$81,163$70,247$60,608$52,145$44,752$34,617
15 years$74,970$64,171$54,721$46,504$39,403$29,815
16 years$69,557$58,876$49,612$41,639$34,825$25,766
17 years$64,785$54,223$45,145$37,412$30,878$22,330
18 years$60,549$50,104$41,212$33,716$27,455$19,399
19 years$56,763$46,436$37,727$30,465$24,472$16,888
20 years$53,359$43,151$34,624$27,592$21,858$14,728
21 years$50,284$40,193$31,848$25,042$19,561$12,863
22 years$47,492$37,519$29,353$22,769$17,533$11,250
23 years$44,947$35,091$27,102$20,736$15,739$9,850
24 years$42,617$32,878$25,065$18,912$14,147$8,633
25 years$40,477$30,854$23,215$17,272$12,730$7,573
26 years$38,505$28,998$21,531$15,792$11,467$6,648
27 years$36,682$27,290$19,993$14,455$10,338$5,840
28 years$34,992$25,716$18,586$13,244$9,328$5,133
29 years$33,421$24,260$17,296$12,145$8,423$4,514
30 years$31,958$22,911$16,111$11,146$7,611$3,971
31 years$30,592$21,658$15,019$10,237$6,881$3,495
32 years$29,314$20,493$14,013$9,408$6,224$3,077
33 years$28,116$19,407$13,084$8,651$5,633$2,710
34 years$26,991$18,394$12,225$7,960$5,100$2,387
35 years$25,933$17,446$11,430$7,328$4,619$2,103
36 years$24,935$16,559$10,692$6,749$4,185$1,854
37 years$23,994$15,727$10,008$6,218$3,793$1,634
38 years$23,104$14,946$9,372$5,731$3,439$1,440
39 years$22,262$14,213$8,780$5,284$3,119$1,270
40 years$21,464$13,522$8,230$4,874$2,829$1,120
41 years$20,707$12,872$7,717$4,497$2,566$988
42 years$19,988$12,259$7,239$4,150$2,329$871
43 years$19,305$11,680$6,793$3,831$2,113$768
44 years$18,654$11,133$6,376$3,537$1,918$678
45 years$18,034$10,617$5,987$3,267$1,741$598
46 years$17,442$10,128$5,623$3,018$1,581$528
47 years$16,878$9,665$5,283$2,788$1,436$465
48 years$16,338$9,227$4,964$2,576$1,304$411
49 years$15,822$8,811$4,666$2,381$1,184$362
50 years$15,329$8,417$4,387$2,201$1,076$320

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 $4,288 every year, while hoping to spend $26,533 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: 49/42/9 Blend
57$15,700,000$15,700,000$15,700,000$15,700,000
58$17,305,823$16,473,723$16,230,373$18,112,134
59$19,042,786$17,252,705$16,745,860$19,443,613
60$20,956,030$18,068,967$17,277,726$20,885,893
61$23,063,508$18,924,309$17,826,492$22,451,846
62$25,385,002$19,820,616$18,392,696$24,153,037
63$27,942,312$20,759,867$18,976,892$26,002,159
64$30,759,462$21,744,134$19,579,651$28,013,152
65$33,862,922$22,775,592$20,201,565$30,201,321
66$37,281,864$23,856,520$20,843,241$32,583,481
67$41,048,434$24,989,308$21,505,309$35,178,101
68$45,198,053$26,176,464$22,188,416$38,005,473
69$49,769,759$27,420,615$22,893,232$41,087,895
70$54,806,565$28,724,516$23,620,447$44,449,874
71$60,355,875$30,091,058$24,370,772$48,118,345
72$66,469,925$31,523,270$25,144,943$52,122,918
73$73,206,277$33,024,329$25,943,718$56,496,146
74$80,628,363$34,597,568$26,767,879$61,273,822
75$88,806,087$36,246,479$27,618,233$66,495,306
76$97,816,478$37,974,727$28,495,614$72,203,885
77$107,744,421$39,786,151$29,400,880$78,447,168
78$118,683,461$41,684,782$30,334,919$85,277,523
79$130,736,681$43,674,842$31,298,645$92,752,560
80$144,017,674$45,760,762$32,293,002$100,935,658
81$158,651,624$47,947,186$33,318,964$109,896,548
82$174,776,477$50,238,986$34,377,537$119,711,960
83$192,544,250$52,641,269$35,469,757$130,466,326
84$212,122,465$55,159,391$36,596,694$142,252,565
85$233,695,726$57,798,971$37,759,453$155,172,937
86$257,467,468$60,565,899$38,959,173$169,339,993
87$283,661,873$63,466,351$40,197,029$184,877,620
88$312,525,989$66,506,807$41,474,234$201,922,184
89$344,332,058$69,694,059$42,792,039$220,623,801
90$379,380,091$73,035,231$44,151,736$241,147,730
91$418,000,698$76,537,795$45,554,657$263,675,909
92$460,558,208$80,209,586$47,002,176$288,408,648
93$507,454,109$84,058,819$48,495,713$315,566,495
94$559,130,839$88,094,113$50,036,730$345,392,291
95$616,075,963$92,324,502$51,626,739$378,153,433
96$678,826,773$96,759,465$53,267,297$414,144,368
97$747,975,365$101,408,940$54,960,012$453,689,343
98$824,174,223$106,283,349$56,706,543$497,145,436
99$908,142,384$111,393,623$58,508,603$544,905,886
100$1,000,672,222$116,751,226$60,367,956$597,403,775