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

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,246,371
2 years$650,004$637,898$626,165$614,790$603,756$582,144
3 years$429,031$416,873$405,171$393,902$383,048$362,014
4 years$318,567$306,446$294,860$283,784$273,193$252,899
5 years$252,305$240,257$228,824$217,973$207,677$188,182
6 years$208,146$196,188$184,924$174,315$164,328$145,654
7 years$176,615$164,759$153,672$143,314$133,642$115,795
8 years$152,978$141,229$130,326$120,223$110,869$93,844
9 years$134,604$122,965$112,250$102,403$93,368$77,156
10 years$119,912$108,387$97,862$88,272$79,554$64,141
11 years$107,900$96,491$86,156$76,823$68,419$53,789
12 years$97,897$86,605$76,461$67,384$59,291$45,424
13 years$89,440$78,266$68,313$59,490$51,703$38,578
14 years$82,197$71,141$61,380$52,809$45,322$32,918
15 years$75,925$64,989$55,418$47,096$39,905$28,197
16 years$70,443$59,626$50,244$42,170$35,268$24,232
17 years$65,611$54,913$45,720$37,889$31,271$20,882
18 years$61,320$50,742$41,737$34,146$27,805$18,037
19 years$57,486$47,028$38,208$30,854$24,783$15,610
20 years$54,039$43,700$35,065$27,944$22,137$13,532
21 years$50,925$40,705$32,253$25,361$19,810$11,748
22 years$48,097$37,997$29,726$23,059$17,757$10,212
23 years$45,519$35,538$27,447$21,000$15,940$8,886
24 years$43,160$33,296$25,384$19,153$14,327$7,740
25 years$40,993$31,247$23,511$17,492$12,892$6,747
26 years$38,995$29,367$21,805$15,994$11,613$5,885
27 years$37,149$27,638$20,248$14,639$10,470$5,136
28 years$35,438$26,043$18,823$13,413$9,447$4,486
29 years$33,847$24,569$17,516$12,300$8,530$3,919
30 years$32,366$23,203$16,316$11,288$7,708$3,425
31 years$30,982$21,934$15,211$10,367$6,969$2,995
32 years$29,688$20,754$14,192$9,528$6,304$2,619
33 years$28,475$19,654$13,251$8,762$5,705$2,291
34 years$27,335$18,628$12,381$8,061$5,165$2,005
35 years$26,263$17,668$11,575$7,421$4,678$1,755
36 years$25,253$16,770$10,829$6,835$4,239$1,536
37 years$24,300$15,927$10,135$6,297$3,842$1,345
38 years$23,399$15,137$9,491$5,804$3,483$1,177
39 years$22,546$14,394$8,892$5,352$3,158$1,031
40 years$21,738$13,694$8,335$4,936$2,865$903
41 years$20,971$13,036$7,815$4,554$2,599$791
42 years$20,243$12,415$7,331$4,203$2,358$693
43 years$19,551$11,829$6,879$3,880$2,140$607
44 years$18,891$11,275$6,457$3,582$1,943$532
45 years$18,263$10,752$6,063$3,309$1,764$466
46 years$17,664$10,257$5,695$3,056$1,601$408
47 years$17,093$9,788$5,350$2,823$1,454$358
48 years$16,546$9,344$5,028$2,609$1,320$313
49 years$16,024$8,923$4,726$2,411$1,199$275
50 years$15,524$8,524$4,443$2,229$1,089$241

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 $5,421 every year, while hoping to spend $58,717 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: 31/40/29 Blend
57$15,900,000$15,900,000$15,900,000$15,900,000
58$17,527,392$16,684,692$16,438,242$17,915,051
59$19,252,711$17,439,767$16,926,448$18,971,755
60$21,152,045$18,229,873$17,429,042$20,102,889
61$23,243,082$19,056,665$17,946,443$21,319,347
62$25,545,310$19,921,875$18,479,082$22,628,644
63$28,080,206$20,827,321$19,027,406$24,039,012
64$30,871,433$21,774,906$19,591,870$25,559,472
65$33,945,067$22,766,624$20,172,945$27,199,909
66$37,329,841$23,804,567$20,771,117$28,971,162
67$41,057,418$24,890,923$21,386,882$30,885,114
68$45,162,685$26,027,989$22,020,753$32,954,803
69$49,684,087$27,218,169$22,673,257$35,194,528
70$54,663,989$28,463,984$23,344,936$37,619,982
71$60,149,073$29,768,077$24,036,349$40,248,389
72$66,190,781$31,133,215$24,748,068$43,098,656
73$72,845,797$32,562,299$25,480,685$46,191,542
74$80,176,588$34,058,370$26,234,807$49,549,845
75$88,251,985$35,624,616$27,011,058$53,198,604
76$97,147,840$37,264,375$27,810,082$57,165,325
77$106,947,738$38,981,148$28,632,538$61,480,230
78$117,743,787$40,778,604$29,479,107$66,176,528
79$129,637,485$42,660,587$30,350,489$71,290,716
80$142,740,681$44,631,128$31,247,403$76,862,910
81$157,176,629$46,694,452$32,170,589$82,937,212
82$173,081,150$48,854,984$33,120,809$89,562,106
83$190,603,915$51,117,367$34,098,844$96,790,905
84$209,909,860$53,486,464$35,105,501$104,682,238
85$231,180,739$55,967,373$36,141,608$113,300,583
86$254,616,839$58,565,440$37,208,017$122,716,859
87$280,438,875$61,286,265$38,305,604$133,009,082
88$308,890,069$64,135,720$39,435,271$144,263,074
89$340,238,448$67,119,962$40,597,944$156,573,260
90$374,779,371$70,245,441$41,794,576$170,043,534
91$412,838,321$73,518,922$43,026,149$184,788,219
92$454,773,975$76,947,494$44,293,670$200,933,125
93$500,981,589$80,538,590$45,598,176$218,616,708
94$551,896,730$84,300,001$46,940,735$237,991,356
95$607,999,390$88,239,894$48,322,442$259,224,799
96$669,818,510$92,366,831$49,744,427$282,501,665
97$737,936,980$96,689,788$51,207,848$308,025,197
98$812,997,140$101,218,176$52,713,898$336,019,136
99$895,706,839$105,961,857$54,263,805$366,729,805
100$986,846,124$110,931,175$55,858,829$400,428,400