Can I retire at age 58 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,224,364
2 years$650,004$637,898$626,165$614,790$603,756$560,350
3 years$429,031$416,873$405,171$393,902$383,048$341,122
4 years$318,567$306,446$294,860$283,784$273,193$233,069
5 years$252,305$240,257$228,824$217,973$207,677$169,460
6 years$208,146$196,188$184,924$174,315$164,328$128,049
7 years$176,615$164,759$153,672$143,314$133,642$99,294
8 years$152,978$141,229$130,326$120,223$110,869$78,426
9 years$134,604$122,965$112,250$102,403$93,368$62,788
10 years$119,912$108,387$97,862$88,272$79,554$50,788
11 years$107,900$96,491$86,156$76,823$68,419$41,409
12 years$97,897$86,605$76,461$67,384$59,291$33,975
13 years$89,440$78,266$68,313$59,490$51,703$28,015
14 years$82,197$71,141$61,380$52,809$45,322$23,193
15 years$75,925$64,989$55,418$47,096$39,905$19,264
16 years$70,443$59,626$50,244$42,170$35,268$16,044
17 years$65,611$54,913$45,720$37,889$31,271$13,391
18 years$61,320$50,742$41,737$34,146$27,805$11,197
19 years$57,486$47,028$38,208$30,854$24,783$9,377
20 years$54,039$43,700$35,065$27,944$22,137$7,862
21 years$50,925$40,705$32,253$25,361$19,810$6,599
22 years$48,097$37,997$29,726$23,059$17,757$5,543
23 years$45,519$35,538$27,447$21,000$15,940$4,660
24 years$43,160$33,296$25,384$19,153$14,327$3,920
25 years$40,993$31,247$23,511$17,492$12,892$3,299
26 years$38,995$29,367$21,805$15,994$11,613$2,778
27 years$37,149$27,638$20,248$14,639$10,470$2,340
28 years$35,438$26,043$18,823$13,413$9,447$1,971
29 years$33,847$24,569$17,516$12,300$8,530$1,661
30 years$32,366$23,203$16,316$11,288$7,708$1,400
31 years$30,982$21,934$15,211$10,367$6,969$1,181
32 years$29,688$20,754$14,192$9,528$6,304$995
33 years$28,475$19,654$13,251$8,762$5,705$839
34 years$27,335$18,628$12,381$8,061$5,165$708
35 years$26,263$17,668$11,575$7,421$4,678$597
36 years$25,253$16,770$10,829$6,835$4,239$504
37 years$24,300$15,927$10,135$6,297$3,842$425
38 years$23,399$15,137$9,491$5,804$3,483$358
39 years$22,546$14,394$8,892$5,352$3,158$302
40 years$21,738$13,694$8,335$4,936$2,865$255
41 years$20,971$13,036$7,815$4,554$2,599$215
42 years$20,243$12,415$7,331$4,203$2,358$182
43 years$19,551$11,829$6,879$3,880$2,140$153
44 years$18,891$11,275$6,457$3,582$1,943$129
45 years$18,263$10,752$6,063$3,309$1,764$109
46 years$17,664$10,257$5,695$3,056$1,601$92
47 years$17,093$9,788$5,350$2,823$1,454$78
48 years$16,546$9,344$5,028$2,609$1,320$66
49 years$16,024$8,923$4,726$2,411$1,199$55
50 years$15,524$8,524$4,443$2,229$1,089$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,900,000, adding $3,518 every year, while hoping to spend $55,693 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: 42/43/15 Blend
57$15,900,000$15,900,000$15,900,000$15,900,000
58$17,525,429$16,682,729$16,436,279$18,184,332
59$19,253,766$17,440,926$16,927,637$19,406,783
60$21,156,526$18,234,407$17,433,590$20,723,937
61$23,251,443$19,064,845$17,954,566$22,149,030
62$25,558,055$19,933,987$18,491,009$23,691,966
63$28,097,893$20,843,669$19,043,374$25,363,606
64$30,894,682$21,795,812$19,612,131$27,175,872
65$33,974,563$22,792,430$20,197,761$29,141,846
66$37,366,344$23,835,635$20,800,761$31,275,891
67$41,101,767$24,927,637$21,421,642$33,593,776
68$45,215,811$26,070,755$22,060,931$36,112,817
69$49,747,020$27,267,418$22,719,169$38,852,034
70$54,737,867$28,520,173$23,396,912$41,832,320
71$60,235,155$29,831,686$24,094,734$45,076,631
72$66,290,458$31,204,756$24,813,225$48,610,188
73$72,960,608$32,642,313$25,552,991$52,460,714
74$80,308,232$34,147,429$26,314,659$56,658,678
75$88,402,342$35,723,323$27,098,870$61,237,571
76$97,318,985$37,373,370$27,906,286$66,234,218
77$107,141,963$39,101,106$28,737,588$71,689,106
78$117,963,623$40,910,240$29,593,477$77,646,758
79$129,885,727$42,804,657$30,474,673$84,156,138
80$143,020,415$44,788,429$31,381,919$91,271,102
81$157,491,261$46,865,825$32,315,977$99,050,889
82$173,434,441$49,041,322$33,277,633$107,560,667
83$191,000,015$51,319,608$34,267,695$116,872,131
84$210,353,349$53,705,601$35,286,995$127,064,165
85$231,676,669$56,204,454$36,336,388$138,223,571
86$255,170,788$58,821,571$37,416,756$150,445,863
87$281,056,995$61,562,614$38,529,003$163,836,161
88$309,579,146$64,433,520$39,674,063$178,510,152
89$341,005,968$67,440,512$40,852,893$194,595,171
90$375,633,594$70,590,114$42,066,482$212,231,375
91$413,788,355$73,889,164$43,315,843$231,573,046
92$455,829,866$77,344,832$44,602,023$252,790,024
93$502,154,416$80,964,633$45,926,095$276,069,285
94$553,198,713$84,756,446$47,289,166$301,616,680
95$609,444,002$88,728,532$48,692,372$329,658,851
96$671,420,609$92,889,548$50,136,886$360,445,343
97$739,712,949$97,248,575$51,623,910$394,250,927
98$814,965,042$101,815,127$53,154,683$431,378,167
99$897,886,593$106,599,185$54,730,481$472,160,241
100$989,259,687$111,611,207$56,352,614$516,964,053