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

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 $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%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,477,860
2 years$776,734$762,268$748,248$734,655$721,470$684,195
3 years$512,679$498,150$484,166$470,701$457,730$421,571
4 years$380,677$366,193$352,349$339,113$326,457$291,693
5 years$301,497$287,100$273,437$260,471$248,167$214,895
6 years$248,727$234,439$220,978$208,301$196,366$164,619
7 years$211,050$196,881$183,634$171,256$159,698$129,479
8 years$182,804$168,764$155,736$143,662$132,485$103,782
9 years$160,847$146,939$134,135$122,368$111,572$84,360
10 years$143,292$129,520$116,942$105,483$95,065$69,313
11 years$128,937$115,304$102,954$91,802$81,759$57,431
12 years$116,984$103,490$91,369$80,522$70,850$47,904
13 years$106,878$93,525$81,632$71,089$61,783$40,174
14 years$98,223$85,012$73,347$63,105$54,159$33,840
15 years$90,728$77,660$66,222$56,279$47,686$28,608
16 years$84,177$71,251$60,040$50,391$42,145$24,257
17 years$78,403$65,620$54,634$45,276$37,368$20,619
18 years$73,276$60,636$49,874$40,803$33,226$17,564
19 years$68,694$56,197$45,657$36,869$29,615$14,988
20 years$64,575$52,221$41,902$33,392$26,453$12,809
21 years$60,853$48,641$38,542$30,305$23,672$10,960
22 years$57,475$45,405$35,522$27,554$21,219$9,388
23 years$54,394$42,466$32,798$25,094$19,047$8,049
24 years$51,575$39,788$30,333$22,888$17,120$6,907
25 years$48,985$37,339$28,094$20,902$15,406$5,930
26 years$46,598$35,093$26,056$19,112$13,877$5,095
27 years$44,392$33,026$24,195$17,494$12,511$4,379
28 years$42,347$31,121$22,493$16,028$11,289$3,765
29 years$40,446$29,359$20,931$14,698$10,194$3,239
30 years$38,676$27,726$19,497$13,489$9,211$2,787
31 years$37,023$26,211$18,176$12,389$8,327$2,398
32 years$35,476$24,800$16,959$11,385$7,533$2,065
33 years$34,026$23,486$15,835$10,470$6,817$1,778
34 years$32,665$22,260$14,795$9,633$6,172$1,531
35 years$31,384$21,113$13,832$8,868$5,590$1,319
36 years$30,176$20,039$12,940$8,167$5,065$1,136
37 years$29,037$19,033$12,111$7,525$4,591$979
38 years$27,961$18,088$11,342$6,936$4,162$843
39 years$26,942$17,200$10,626$6,395$3,774$726
40 years$25,976$16,364$9,960$5,899$3,423$626
41 years$25,060$15,577$9,339$5,442$3,106$539
42 years$24,190$14,835$8,760$5,023$2,818$465
43 years$23,362$14,135$8,220$4,636$2,558$401
44 years$22,575$13,474$7,716$4,281$2,321$345
45 years$21,824$12,848$7,245$3,954$2,107$298
46 years$21,108$12,257$6,805$3,652$1,913$257
47 years$20,425$11,697$6,393$3,374$1,738$221
48 years$19,772$11,166$6,008$3,118$1,578$191
49 years$19,148$10,663$5,647$2,881$1,433$164
50 years$18,551$10,186$5,309$2,663$1,302$142

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 $4,965 every year, while hoping to spend $41,181 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: 56/23/21 Blend
57$19,000,000$19,000,000$19,000,000$19,000,000
58$20,943,121$19,936,121$19,641,621$21,996,940
59$23,035,504$20,869,175$20,255,799$23,650,298
60$25,339,928$21,846,568$20,889,172$25,445,789
61$27,877,981$22,870,430$21,542,339$27,400,966
62$30,673,446$23,942,992$22,215,919$29,531,182
63$33,752,534$25,066,595$22,910,549$31,853,314
64$37,144,127$26,243,693$23,626,886$34,385,920
65$40,880,050$27,476,856$24,365,609$37,149,408
66$44,995,375$28,768,781$25,127,417$40,166,225
67$49,528,748$30,122,297$25,913,030$43,461,057
68$54,522,756$31,540,365$26,723,193$47,061,064
69$60,024,329$33,026,094$27,558,671$50,996,122
70$66,085,180$34,582,742$28,420,256$55,299,103
71$72,762,296$36,213,725$29,308,762$60,006,176
72$80,118,476$37,922,623$30,225,031$65,157,141
73$88,222,920$39,713,191$31,169,930$70,795,797
74$97,151,887$41,589,367$32,144,352$76,970,351
75$106,989,411$43,555,277$33,149,219$83,733,856
76$117,828,095$45,615,250$34,185,482$91,144,711
77$129,769,987$47,773,823$35,254,122$99,267,198
78$142,927,539$50,035,754$36,356,149$108,172,084
79$157,424,674$52,406,032$37,492,605$117,937,271
80$173,397,950$54,889,887$38,664,567$128,648,529
81$190,997,853$57,492,804$39,873,142$140,400,290
82$210,390,216$60,220,532$41,119,474$153,296,527
83$231,757,783$63,079,103$42,404,741$167,451,728
84$255,301,936$66,074,839$43,730,159$182,991,958
85$281,244,596$69,214,368$45,096,982$200,056,041
86$309,830,316$72,504,643$46,506,502$218,796,854
87$341,328,590$75,952,953$47,960,052$239,382,754
88$376,036,400$79,566,941$49,459,007$261,999,158
89$414,281,013$83,354,622$51,004,784$286,850,271
90$456,423,077$87,324,399$52,598,845$314,161,001
91$502,860,022$91,485,085$54,242,697$344,179,063
92$554,029,811$95,845,922$55,937,895$377,177,301
93$610,415,079$100,416,599$57,686,041$413,456,242
94$672,547,681$105,207,277$59,488,788$453,346,919
95$741,013,723$110,228,611$61,347,840$497,213,968
96$816,459,085$115,491,775$63,264,956$545,459,052
97$899,595,526$121,008,487$65,241,946$598,524,634
98$991,207,399$126,791,032$67,280,680$656,898,122
99$1,092,159,056$132,852,295$69,383,086$721,116,455
100$1,203,403,010$139,205,788$71,551,150$791,771,137