Can I retire at age 58 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,475,467
2 years$776,734$762,268$748,248$734,655$721,470$681,824
3 years$512,679$498,150$484,166$470,701$457,730$419,298
4 years$380,677$366,193$352,349$339,113$326,457$289,535
5 years$301,497$287,100$273,437$260,471$248,167$212,857
6 years$248,727$234,439$220,978$208,301$196,366$162,702
7 years$211,050$196,881$183,634$171,256$159,698$127,682
8 years$182,804$168,764$155,736$143,662$132,485$102,102
9 years$160,847$146,939$134,135$122,368$111,572$82,794
10 years$143,292$129,520$116,942$105,483$95,065$67,858
11 years$128,937$115,304$102,954$91,802$81,759$56,081
12 years$116,984$103,490$91,369$80,522$70,850$46,656
13 years$106,878$93,525$81,632$71,089$61,783$39,023
14 years$98,223$85,012$73,347$63,105$54,159$32,780
15 years$90,728$77,660$66,222$56,279$47,686$27,634
16 years$84,177$71,251$60,040$50,391$42,145$23,365
17 years$78,403$65,620$54,634$45,276$37,368$19,803
18 years$73,276$60,636$49,874$40,803$33,226$16,819
19 years$68,694$56,197$45,657$36,869$29,615$14,309
20 years$64,575$52,221$41,902$33,392$26,453$12,192
21 years$60,853$48,641$38,542$30,305$23,672$10,400
22 years$57,475$45,405$35,522$27,554$21,219$8,881
23 years$54,394$42,466$32,798$25,094$19,047$7,590
24 years$51,575$39,788$30,333$22,888$17,120$6,492
25 years$48,985$37,339$28,094$20,902$15,406$5,557
26 years$46,598$35,093$26,056$19,112$13,877$4,758
27 years$44,392$33,026$24,195$17,494$12,511$4,077
28 years$42,347$31,121$22,493$16,028$11,289$3,494
29 years$40,446$29,359$20,931$14,698$10,194$2,996
30 years$38,676$27,726$19,497$13,489$9,211$2,569
31 years$37,023$26,211$18,176$12,389$8,327$2,204
32 years$35,476$24,800$16,959$11,385$7,533$1,891
33 years$34,026$23,486$15,835$10,470$6,817$1,623
34 years$32,665$22,260$14,795$9,633$6,172$1,393
35 years$31,384$21,113$13,832$8,868$5,590$1,196
36 years$30,176$20,039$12,940$8,167$5,065$1,026
37 years$29,037$19,033$12,111$7,525$4,591$881
38 years$27,961$18,088$11,342$6,936$4,162$757
39 years$26,942$17,200$10,626$6,395$3,774$650
40 years$25,976$16,364$9,960$5,899$3,423$558
41 years$25,060$15,577$9,339$5,442$3,106$479
42 years$24,190$14,835$8,760$5,023$2,818$412
43 years$23,362$14,135$8,220$4,636$2,558$354
44 years$22,575$13,474$7,716$4,281$2,321$304
45 years$21,824$12,848$7,245$3,954$2,107$261
46 years$21,108$12,257$6,805$3,652$1,913$224
47 years$20,425$11,697$6,393$3,374$1,738$192
48 years$19,772$11,166$6,008$3,118$1,578$165
49 years$19,148$10,663$5,647$2,881$1,433$142
50 years$18,551$10,186$5,309$2,663$1,302$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,000,000, adding $3,689 every year, while hoping to spend $41,863 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: 42/35/23 Blend
57$19,000,000$19,000,000$19,000,000$19,000,000
58$20,941,805$19,934,805$19,640,305$21,680,110
59$23,033,327$20,867,069$20,253,714$23,139,514
60$25,336,782$21,843,610$20,886,268$24,714,638
61$27,873,741$22,866,555$21,538,566$26,419,571
62$30,667,978$23,938,131$22,211,223$28,266,280
63$33,745,687$25,060,674$22,904,874$30,267,897
64$37,135,733$26,236,634$23,620,173$32,438,837
65$40,869,926$27,468,577$24,357,797$34,794,927
66$44,983,317$28,759,196$25,118,442$37,353,543
67$49,514,530$30,111,311$25,902,825$40,133,768
68$54,506,129$31,527,882$26,711,686$43,156,566
69$60,005,016$33,012,010$27,545,789$46,444,965
70$66,062,876$34,566,948$28,405,922$50,024,267
71$72,736,665$36,196,103$29,292,895$53,922,280
72$80,089,144$37,903,052$30,207,547$58,169,562
73$88,189,477$39,691,541$31,150,739$62,799,708
74$97,113,877$41,565,500$32,123,363$67,849,645
75$106,946,332$43,529,049$33,126,335$73,359,979
76$117,779,393$45,586,507$34,160,602$79,375,355
77$129,715,049$47,742,404$35,227,140$85,944,874
78$142,865,689$50,001,488$36,326,955$93,122,536
79$157,355,166$52,368,737$37,461,085$100,967,741
80$173,319,961$54,849,373$38,630,599$109,545,828
81$190,910,473$57,448,868$39,836,600$118,928,680
82$210,292,442$60,172,964$41,080,227$129,195,386
83$231,648,508$63,027,676$42,362,652$140,432,968
84$255,179,940$66,019,316$43,685,084$152,737,185
85$281,108,531$69,154,500$45,048,772$166,213,419
86$309,678,696$72,440,165$46,455,000$180,977,646
87$341,159,776$75,883,586$47,905,096$197,157,515
88$375,848,582$79,492,391$49,400,426$214,893,529
89$414,072,198$83,274,579$50,942,401$234,340,346
90$456,191,065$87,238,536$52,532,474$255,668,219
91$502,602,387$91,393,057$54,172,145$279,064,574
92$553,743,879$95,747,365$55,862,960$304,735,758
93$610,097,898$100,311,130$57,606,513$332,908,954
94$672,195,999$105,094,491$59,404,447$363,834,301
95$740,623,953$110,108,083$61,258,458$397,787,224
96$816,027,273$115,363,055$63,170,292$435,071,002
97$899,117,311$120,871,101$65,141,754$476,019,600
98$990,677,974$126,644,482$67,174,699$521,000,784
99$1,091,573,121$132,696,056$69,271,045$570,419,559
100$1,202,754,722$139,039,305$71,432,768$624,721,956