Can I retire at age 58 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,230,456
2 years$645,915$633,886$622,227$610,924$599,959$570,448
3 years$426,333$414,251$402,622$391,425$380,639$351,996
4 years$316,563$304,519$293,006$281,999$271,475$243,922
5 years$250,719$238,746$227,385$216,603$206,371$179,985
6 years$206,836$194,954$183,761$173,219$163,294$138,102
7 years$175,504$163,722$152,706$142,413$132,802$108,807
8 years$152,016$140,340$129,507$119,467$110,172$87,365
9 years$133,757$122,191$111,544$101,759$92,781$71,144
10 years$119,158$107,706$97,247$87,717$79,054$58,564
11 years$107,222$95,884$85,614$76,340$67,989$48,617
12 years$97,282$86,060$75,981$66,961$58,918$40,632
13 years$88,877$77,773$67,884$59,116$51,377$34,144
14 years$81,680$70,694$60,994$52,477$45,037$28,820
15 years$75,448$64,580$55,069$46,800$39,654$24,415
16 years$70,000$59,251$49,928$41,904$35,047$20,746
17 years$65,198$54,568$45,433$37,651$31,075$17,673
18 years$60,935$50,423$41,474$33,931$27,630$15,088
19 years$57,124$46,732$37,968$30,659$24,627$12,904
20 years$53,699$43,425$34,845$27,768$21,998$11,053
21 years$50,604$40,449$32,051$25,201$19,685$9,479
22 years$47,795$37,758$29,540$22,914$17,645$8,139
23 years$45,233$35,314$27,275$20,868$15,839$6,994
24 years$42,889$33,087$25,224$19,033$14,237$6,016
25 years$40,735$31,051$23,363$17,382$12,811$5,177
26 years$38,750$29,182$21,668$15,893$11,540$4,459
27 years$36,915$27,464$20,120$14,547$10,404$3,842
28 years$35,215$25,879$18,705$13,328$9,388$3,311
29 years$33,634$24,414$17,406$12,222$8,477$2,855
30 years$32,162$23,057$16,213$11,217$7,659$2,463
31 years$30,787$21,796$15,115$10,302$6,925$2,125
32 years$29,501$20,624$14,103$9,468$6,264$1,834
33 years$28,295$19,531$13,168$8,707$5,669$1,583
34 years$27,163$18,511$12,303$8,011$5,133$1,367
35 years$26,098$17,557$11,503$7,374$4,649$1,180
36 years$25,094$16,664$10,760$6,792$4,212$1,019
37 years$24,147$15,827$10,072$6,258$3,817$880
38 years$23,251$15,042$9,432$5,768$3,461$760
39 years$22,404$14,303$8,836$5,318$3,138$657
40 years$21,601$13,608$8,282$4,905$2,847$567
41 years$20,839$12,954$7,766$4,526$2,583$490
42 years$20,116$12,337$7,285$4,177$2,343$424
43 years$19,428$11,754$6,836$3,856$2,127$366
44 years$18,773$11,204$6,417$3,560$1,930$316
45 years$18,149$10,684$6,025$3,288$1,753$273
46 years$17,553$10,192$5,659$3,037$1,591$236
47 years$16,985$9,727$5,316$2,806$1,445$204
48 years$16,442$9,285$4,996$2,593$1,312$176
49 years$15,923$8,867$4,696$2,396$1,192$152
50 years$15,426$8,470$4,415$2,215$1,082$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,800,000, adding $2,132 every year, while hoping to spend $57,383 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: 50/36/14 Blend
57$15,800,000$15,800,000$15,800,000$15,800,000
58$17,413,799$16,576,399$16,331,499$18,217,758
59$19,128,952$17,327,588$16,817,549$19,521,451
60$21,017,126$18,113,661$17,317,959$20,931,233
61$23,095,911$18,936,268$17,833,148$22,461,981
62$25,384,686$19,797,137$18,363,550$24,125,089
63$27,904,804$20,698,078$18,909,610$25,933,069
64$30,679,798$21,640,987$19,471,786$27,899,672
65$33,735,595$22,627,853$20,050,548$30,040,002
66$37,100,767$23,660,759$20,646,383$32,370,659
67$40,806,797$24,741,888$21,259,788$34,909,888
68$44,888,377$25,873,527$21,891,278$37,677,742
69$49,383,736$27,058,074$22,541,380$40,696,267
70$54,334,998$28,298,042$23,210,638$43,989,701
71$59,788,585$29,596,062$23,899,611$47,584,698
72$65,795,646$30,954,895$24,608,874$51,510,566
73$72,412,550$32,377,433$25,339,019$55,799,543
74$79,701,409$33,866,706$26,090,655$60,487,086
75$87,730,670$35,425,892$26,864,409$65,612,198
76$96,575,756$37,058,318$27,660,924$71,217,789
77$106,319,782$38,767,475$28,480,864$77,351,069
78$117,054,338$40,557,019$29,324,911$84,063,985
79$128,880,351$42,430,784$30,193,767$91,413,696
80$141,909,042$44,392,787$31,088,153$99,463,106
81$156,262,970$46,447,240$32,008,812$108,281,445
82$172,077,195$48,598,556$32,956,509$117,944,907
83$189,500,545$50,851,361$33,932,028$128,537,358
84$208,697,028$53,210,506$34,936,179$140,151,115
85$229,847,377$55,681,072$35,969,792$152,887,802
86$253,150,753$58,268,389$37,033,725$166,859,293
87$278,826,631$60,978,041$38,128,855$182,188,755
88$307,116,865$63,815,883$39,256,090$199,011,792
89$338,287,975$66,788,051$40,416,359$217,477,709
90$372,633,662$69,900,979$41,610,620$237,750,904
91$410,477,579$73,161,411$42,839,860$260,012,399
92$452,176,388$76,576,415$44,105,090$284,461,531
93$498,123,122$80,153,402$45,407,353$311,317,813
94$548,750,903$83,900,141$46,747,722$340,822,981
95$604,537,023$87,824,776$48,127,298$373,243,261
96$666,007,453$91,935,844$49,547,217$408,871,850
97$733,741,808$96,242,295$51,008,644$448,031,666
98$808,378,818$100,753,513$52,512,778$491,078,366
99$890,622,356$105,479,334$54,060,855$538,403,679
100$981,248,085$110,430,070$55,654,143$590,439,072