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%16.8%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,473,085
2 years$776,734$762,268$748,248$734,655$721,470$679,467
3 years$512,679$498,150$484,166$470,701$457,730$417,042
4 years$380,677$366,193$352,349$339,113$326,457$287,395
5 years$301,497$287,100$273,437$260,471$248,167$210,840
6 years$248,727$234,439$220,978$208,301$196,366$160,808
7 years$211,050$196,881$183,634$171,256$159,698$125,910
8 years$182,804$168,764$155,736$143,662$132,485$100,449
9 years$160,847$146,939$134,135$122,368$111,572$81,257
10 years$143,292$129,520$116,942$105,483$95,065$66,432
11 years$128,937$115,304$102,954$91,802$81,759$54,762
12 years$116,984$103,490$91,369$80,522$70,850$45,439
13 years$106,878$93,525$81,632$71,089$61,783$37,902
14 years$98,223$85,012$73,347$63,105$54,159$31,751
15 years$90,728$77,660$66,222$56,279$47,686$26,692
16 years$84,177$71,251$60,040$50,391$42,145$22,503
17 years$78,403$65,620$54,634$45,276$37,368$19,018
18 years$73,276$60,636$49,874$40,803$33,226$16,104
19 years$68,694$56,197$45,657$36,869$29,615$13,660
20 years$64,575$52,221$41,902$33,392$26,453$11,603
21 years$60,853$48,641$38,542$30,305$23,672$9,868
22 years$57,475$45,405$35,522$27,554$21,219$8,400
23 years$54,394$42,466$32,798$25,094$19,047$7,157
24 years$51,575$39,788$30,333$22,888$17,120$6,102
25 years$48,985$37,339$28,094$20,902$15,406$5,206
26 years$46,598$35,093$26,056$19,112$13,877$4,444
27 years$44,392$33,026$24,195$17,494$12,511$3,795
28 years$42,347$31,121$22,493$16,028$11,289$3,242
29 years$40,446$29,359$20,931$14,698$10,194$2,770
30 years$38,676$27,726$19,497$13,489$9,211$2,368
31 years$37,023$26,211$18,176$12,389$8,327$2,025
32 years$35,476$24,800$16,959$11,385$7,533$1,731
33 years$34,026$23,486$15,835$10,470$6,817$1,481
34 years$32,665$22,260$14,795$9,633$6,172$1,267
35 years$31,384$21,113$13,832$8,868$5,590$1,084
36 years$30,176$20,039$12,940$8,167$5,065$927
37 years$29,037$19,033$12,111$7,525$4,591$793
38 years$27,961$18,088$11,342$6,936$4,162$679
39 years$26,942$17,200$10,626$6,395$3,774$581
40 years$25,976$16,364$9,960$5,899$3,423$497
41 years$25,060$15,577$9,339$5,442$3,106$426
42 years$24,190$14,835$8,760$5,023$2,818$364
43 years$23,362$14,135$8,220$4,636$2,558$312
44 years$22,575$13,474$7,716$4,281$2,321$267
45 years$21,824$12,848$7,245$3,954$2,107$229
46 years$21,108$12,257$6,805$3,652$1,913$196
47 years$20,425$11,697$6,393$3,374$1,738$168
48 years$19,772$11,166$6,008$3,118$1,578$143
49 years$19,148$10,663$5,647$2,881$1,433$123
50 years$18,551$10,186$5,309$2,663$1,302$105

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 $6,663 every year, while hoping to spend $42,806 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: 72/15/13 Blend
57$19,000,000$19,000,000$19,000,000$19,000,000
58$20,944,873$19,937,873$19,643,373$22,394,324
59$23,035,705$20,869,283$20,255,881$24,286,588
60$25,338,367$21,844,898$20,887,473$26,352,105
61$27,874,420$22,866,839$21,538,743$28,612,741
62$30,667,625$23,937,327$22,210,305$31,087,780
63$33,744,162$25,058,696$22,902,789$33,798,448
64$37,132,881$26,233,387$23,616,848$36,768,107
65$40,865,575$27,463,962$24,353,152$40,022,475
66$44,977,275$28,753,108$25,112,394$43,589,864
67$49,506,586$30,103,639$25,895,288$47,501,445
68$54,496,048$31,518,508$26,702,571$51,791,532
69$59,992,539$33,000,809$27,535,000$56,497,910
70$66,047,715$34,553,786$28,393,360$61,662,182
71$72,718,501$36,180,840$29,278,457$67,330,157
72$80,067,626$37,885,540$30,191,123$73,552,279
73$88,164,215$39,671,622$31,132,217$80,384,100
74$97,084,441$41,543,007$32,102,622$87,886,794
75$106,912,245$43,503,806$33,103,252$96,127,733
76$117,740,130$45,558,328$34,135,045$105,181,115
77$129,670,027$47,711,090$35,198,974$115,128,662
78$142,814,267$49,966,831$36,296,037$126,060,377
79$157,296,633$52,330,516$37,427,265$138,075,398
80$173,253,533$54,807,355$38,593,721$151,282,918
81$190,835,285$57,402,806$39,796,502$165,803,211
82$210,207,537$60,122,597$41,036,738$181,768,763
83$231,552,830$62,972,729$42,315,594$199,325,512
84$255,072,324$65,959,498$43,634,271$218,634,215
85$280,987,691$69,089,503$44,994,009$239,871,963
86$309,543,212$72,369,666$46,396,085$263,233,838
87$341,008,082$75,807,241$47,841,816$288,934,751
88$375,678,949$79,409,839$49,332,560$317,211,452
89$413,882,719$83,185,438$50,869,717$348,324,767
90$455,979,635$87,142,403$52,454,732$382,562,037
91$502,366,684$91,289,507$54,089,092$420,239,828
92$553,481,342$95,635,949$55,774,332$461,706,904
93$609,805,702$100,191,374$57,512,036$507,347,510
94$671,871,029$104,965,896$59,303,834$557,584,982
95$740,262,771$109,970,123$61,151,410$612,885,733
96$815,626,089$115,215,174$63,056,498$673,763,645
97$898,671,946$120,712,714$65,020,886$740,784,897
98$990,183,818$126,474,970$67,046,420$814,573,306
99$1,091,025,092$132,514,769$69,134,999$895,816,189
100$1,202,147,216$138,845,556$71,288,586$985,270,844