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%17.2%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,223,014
2 years$645,915$633,886$622,227$610,924$599,959$563,082
3 years$426,333$414,251$402,622$391,425$380,639$344,940
4 years$316,563$304,519$293,006$281,999$271,475$237,229
5 years$250,719$238,746$227,385$216,603$206,371$173,670
6 years$206,836$194,954$183,761$173,219$163,294$132,169
7 years$175,504$163,722$152,706$142,413$132,802$103,252
8 years$152,016$140,340$129,507$119,467$110,172$82,179
9 years$133,757$122,191$111,544$101,759$92,781$66,316
10 years$119,158$107,706$97,247$87,717$79,054$54,082
11 years$107,222$95,884$85,614$76,340$67,989$44,467
12 years$97,282$86,060$75,981$66,961$58,918$36,800
13 years$88,877$77,773$67,884$59,116$51,377$30,613
14 years$81,680$70,694$60,994$52,477$45,037$25,574
15 years$75,448$64,580$55,069$46,800$39,654$21,438
16 years$70,000$59,251$49,928$41,904$35,047$18,023
17 years$65,198$54,568$45,433$37,651$31,075$15,187
18 years$60,935$50,423$41,474$33,931$27,630$12,822
19 years$57,124$46,732$37,968$30,659$24,627$10,843
20 years$53,699$43,425$34,845$27,768$21,998$9,183
21 years$50,604$40,449$32,051$25,201$19,685$7,785
22 years$47,795$37,758$29,540$22,914$17,645$6,607
23 years$45,233$35,314$27,275$20,868$15,839$5,611
24 years$42,889$33,087$25,224$19,033$14,237$4,769
25 years$40,735$31,051$23,363$17,382$12,811$4,056
26 years$38,750$29,182$21,668$15,893$11,540$3,451
27 years$36,915$27,464$20,120$14,547$10,404$2,937
28 years$35,215$25,879$18,705$13,328$9,388$2,501
29 years$33,634$24,414$17,406$12,222$8,477$2,130
30 years$32,162$23,057$16,213$11,217$7,659$1,815
31 years$30,787$21,796$15,115$10,302$6,925$1,547
32 years$29,501$20,624$14,103$9,468$6,264$1,318
33 years$28,295$19,531$13,168$8,707$5,669$1,124
34 years$27,163$18,511$12,303$8,011$5,133$958
35 years$26,098$17,557$11,503$7,374$4,649$817
36 years$25,094$16,664$10,760$6,792$4,212$697
37 years$24,147$15,827$10,072$6,258$3,817$594
38 years$23,251$15,042$9,432$5,768$3,461$507
39 years$22,404$14,303$8,836$5,318$3,138$432
40 years$21,601$13,608$8,282$4,905$2,847$369
41 years$20,839$12,954$7,766$4,526$2,583$314
42 years$20,116$12,337$7,285$4,177$2,343$268
43 years$19,428$11,754$6,836$3,856$2,127$229
44 years$18,773$11,204$6,417$3,560$1,930$195
45 years$18,149$10,684$6,025$3,288$1,753$167
46 years$17,553$10,192$5,659$3,037$1,591$142
47 years$16,985$9,727$5,316$2,806$1,445$121
48 years$16,442$9,285$4,996$2,593$1,312$103
49 years$15,923$8,867$4,696$2,396$1,192$88
50 years$15,426$8,470$4,415$2,215$1,082$75

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 $5,263 every year, while hoping to spend $46,250 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: 76/8/16 Blend
57$15,800,000$15,800,000$15,800,000$15,800,000
58$17,417,029$16,579,629$16,334,729$18,679,112
59$19,144,356$17,342,821$16,832,733$20,276,923
60$21,046,321$18,141,859$17,345,869$22,021,898
61$23,140,687$18,978,452$17,874,597$23,933,748
62$25,447,029$19,854,388$18,419,388$26,029,094
63$27,986,916$20,771,544$18,980,729$28,326,239
64$30,784,118$21,731,885$19,559,119$30,845,338
65$33,864,824$22,737,474$20,155,075$33,608,584
66$37,257,894$23,790,468$20,769,129$36,640,418
67$40,995,132$24,893,134$21,401,828$39,967,756
68$45,111,582$26,047,844$22,053,735$43,620,239
69$49,645,860$27,257,085$22,725,432$47,630,517
70$54,640,521$28,523,465$23,417,517$52,034,547
71$60,142,457$29,849,718$24,130,607$56,871,933
72$66,203,342$31,238,708$24,865,336$62,186,299
73$72,880,116$32,693,439$25,622,358$68,025,695
74$80,235,529$34,217,058$26,402,349$74,443,050
75$88,338,726$35,812,867$27,206,000$81,496,666
76$97,265,903$37,484,324$28,034,028$89,250,767
77$107,101,025$39,235,056$28,887,168$97,776,103
78$117,936,621$41,068,865$29,766,179$107,150,614
79$129,874,654$42,989,737$30,671,844$117,460,157
80$143,027,483$45,001,849$31,604,965$128,799,322
81$157,518,928$47,109,581$32,566,373$141,272,315
82$173,485,433$49,317,525$33,556,921$154,993,936
83$191,077,359$51,630,496$34,577,490$170,090,666
84$210,460,398$54,053,538$35,628,984$186,701,849
85$231,817,141$56,591,944$36,712,338$204,981,007
86$255,348,801$59,251,260$37,828,512$225,097,284
87$281,277,108$62,037,301$38,978,496$247,237,037
88$309,846,408$64,956,165$40,163,311$271,605,590
89$341,325,967$68,014,242$41,384,007$298,429,169
90$376,012,510$71,218,235$42,641,666$327,957,029
91$414,233,027$74,575,168$43,937,403$360,463,805
92$456,347,854$78,092,410$45,272,364$396,252,095
93$502,754,080$81,777,683$46,647,733$435,655,311
94$553,889,292$85,639,085$48,064,728$479,040,822
95$610,235,705$89,685,106$49,524,602$526,813,416
96$672,324,718$93,924,648$51,028,647$579,419,108
97$740,741,928$98,367,043$52,578,195$637,349,352
98$816,132,655$103,022,079$54,174,616$701,145,666
99$899,208,041$107,900,016$55,819,320$771,404,739
100$990,751,756$113,011,612$57,513,763$848,784,055