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

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,228,957
2 years$645,915$633,886$622,227$610,924$599,959$568,962
3 years$426,333$414,251$402,622$391,425$380,639$350,570
4 years$316,563$304,519$293,006$281,999$271,475$242,566
5 years$250,719$238,746$227,385$216,603$206,371$178,702
6 years$206,836$194,954$183,761$173,219$163,294$136,893
7 years$175,504$163,722$152,706$142,413$132,802$107,672
8 years$152,016$140,340$129,507$119,467$110,172$86,303
9 years$133,757$122,191$111,544$101,759$92,781$70,152
10 years$119,158$107,706$97,247$87,717$79,054$57,639
11 years$107,222$95,884$85,614$76,340$67,989$47,758
12 years$97,282$86,060$75,981$66,961$58,918$39,836
13 years$88,877$77,773$67,884$59,116$51,377$33,408
14 years$81,680$70,694$60,994$52,477$45,037$28,141
15 years$75,448$64,580$55,069$46,800$39,654$23,790
16 years$70,000$59,251$49,928$41,904$35,047$20,172
17 years$65,198$54,568$45,433$37,651$31,075$17,147
18 years$60,935$50,423$41,474$33,931$27,630$14,606
19 years$57,124$46,732$37,968$30,659$24,627$12,464
20 years$53,699$43,425$34,845$27,768$21,998$10,651
21 years$50,604$40,449$32,051$25,201$19,685$9,114
22 years$47,795$37,758$29,540$22,914$17,645$7,807
23 years$45,233$35,314$27,275$20,868$15,839$6,694
24 years$42,889$33,087$25,224$19,033$14,237$5,743
25 years$40,735$31,051$23,363$17,382$12,811$4,931
26 years$38,750$29,182$21,668$15,893$11,540$4,236
27 years$36,915$27,464$20,120$14,547$10,404$3,641
28 years$35,215$25,879$18,705$13,328$9,388$3,131
29 years$33,634$24,414$17,406$12,222$8,477$2,693
30 years$32,162$23,057$16,213$11,217$7,659$2,317
31 years$30,787$21,796$15,115$10,302$6,925$1,995
32 years$29,501$20,624$14,103$9,468$6,264$1,717
33 years$28,295$19,531$13,168$8,707$5,669$1,478
34 years$27,163$18,511$12,303$8,011$5,133$1,273
35 years$26,098$17,557$11,503$7,374$4,649$1,097
36 years$25,094$16,664$10,760$6,792$4,212$945
37 years$24,147$15,827$10,072$6,258$3,817$814
38 years$23,251$15,042$9,432$5,768$3,461$701
39 years$22,404$14,303$8,836$5,318$3,138$604
40 years$21,601$13,608$8,282$4,905$2,847$521
41 years$20,839$12,954$7,766$4,526$2,583$449
42 years$20,116$12,337$7,285$4,177$2,343$387
43 years$19,428$11,754$6,836$3,856$2,127$333
44 years$18,773$11,204$6,417$3,560$1,930$287
45 years$18,149$10,684$6,025$3,288$1,753$248
46 years$17,553$10,192$5,659$3,037$1,591$213
47 years$16,985$9,727$5,316$2,806$1,445$184
48 years$16,442$9,285$4,996$2,593$1,312$158
49 years$15,923$8,867$4,696$2,396$1,192$137
50 years$15,426$8,470$4,415$2,215$1,082$118

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 $3,857 every year, while hoping to spend $26,697 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: 42/38/20 Blend
57$15,800,000$15,800,000$15,800,000$15,800,000
58$17,415,578$16,578,178$16,333,278$18,044,837
59$19,163,562$17,362,104$16,852,038$19,275,797
60$21,088,945$18,183,547$17,387,281$20,605,081
61$23,209,795$19,044,317$17,939,532$22,044,028
62$25,546,018$19,946,314$18,509,331$23,602,722
63$28,119,555$20,891,526$19,097,236$25,292,226
64$30,954,580$21,882,041$19,703,824$27,124,678
65$34,077,732$22,920,046$20,329,687$29,113,404
66$37,518,368$24,007,835$20,975,439$31,273,033
67$41,308,837$25,147,815$21,641,711$33,619,627
68$45,484,787$26,342,506$22,329,157$36,170,825
69$50,085,501$27,594,555$23,038,450$38,946,003
70$55,154,268$28,906,734$23,770,284$41,966,445
71$60,738,790$30,281,951$24,525,376$45,255,537
72$66,891,636$31,723,256$25,304,465$48,838,980
73$73,670,733$33,233,845$26,108,314$52,745,015
74$81,139,916$34,817,072$26,937,712$57,004,688
75$89,369,532$36,476,453$27,793,469$61,652,128
76$98,437,098$38,215,673$28,676,424$66,724,855
77$108,428,040$40,038,600$29,587,443$72,264,129
78$119,436,495$41,949,285$30,527,416$78,315,319
79$131,566,199$43,951,982$31,497,266$84,928,324
80$144,931,469$46,051,147$32,497,943$92,158,028
81$159,658,281$48,251,455$33,530,425$100,064,803
82$175,885,457$50,557,807$34,595,726$108,715,066
83$193,765,979$52,975,345$35,694,888$118,181,887
84$213,468,430$55,509,459$36,828,989$128,545,665
85$235,178,589$58,165,801$37,999,139$139,894,868
86$259,101,180$60,950,300$39,206,485$152,326,852
87$285,461,808$63,869,173$40,452,210$165,948,759
88$314,509,088$66,928,938$41,737,534$180,878,507
89$346,516,991$70,136,431$43,063,717$197,245,888
90$381,787,431$73,498,824$44,432,059$215,193,766
91$420,653,116$77,023,633$45,843,900$234,879,406
92$463,480,687$80,718,744$47,300,623$256,475,933
93$510,674,180$84,592,425$48,803,657$280,173,943
94$562,678,840$88,653,349$50,354,474$306,183,275
95$619,985,327$92,910,608$51,954,594$334,734,963
96$683,134,343$97,373,740$53,605,586$366,083,394
97$752,721,740$102,052,747$55,309,067$400,508,672
98$829,404,143$106,958,118$57,066,706$438,319,237
99$913,905,153$112,100,852$58,880,228$479,854,740
100$1,007,022,171$117,492,487$60,751,408$525,489,218