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%18.6%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,462,494
2 years$776,734$762,268$748,248$734,655$721,470$669,027
3 years$512,679$498,150$484,166$470,701$457,730$407,086
4 years$380,677$366,193$352,349$339,113$326,457$277,997
5 years$301,497$287,100$273,437$260,471$248,167$202,021
6 years$248,727$234,439$220,978$208,301$196,366$152,568
7 years$211,050$196,881$183,634$171,256$159,698$118,240
8 years$182,804$168,764$155,736$143,662$132,485$93,334
9 years$160,847$146,939$134,135$122,368$111,572$74,678
10 years$143,292$129,520$116,942$105,483$95,065$60,367
11 years$128,937$115,304$102,954$91,802$81,759$49,188
12 years$116,984$103,490$91,369$80,522$70,850$40,330
13 years$106,878$93,525$81,632$71,089$61,783$33,233
14 years$98,223$85,012$73,347$63,105$54,159$27,494
15 years$90,728$77,660$66,222$56,279$47,686$22,820
16 years$84,177$71,251$60,040$50,391$42,145$18,992
17 years$78,403$65,620$54,634$45,276$37,368$15,840
18 years$73,276$60,636$49,874$40,803$33,226$13,235
19 years$68,694$56,197$45,657$36,869$29,615$11,075
20 years$64,575$52,221$41,902$33,392$26,453$9,279
21 years$60,853$48,641$38,542$30,305$23,672$7,782
22 years$57,475$45,405$35,522$27,554$21,219$6,532
23 years$54,394$42,466$32,798$25,094$19,047$5,487
24 years$51,575$39,788$30,333$22,888$17,120$4,612
25 years$48,985$37,339$28,094$20,902$15,406$3,878
26 years$46,598$35,093$26,056$19,112$13,877$3,263
27 years$44,392$33,026$24,195$17,494$12,511$2,746
28 years$42,347$31,121$22,493$16,028$11,289$2,312
29 years$40,446$29,359$20,931$14,698$10,194$1,946
30 years$38,676$27,726$19,497$13,489$9,211$1,639
31 years$37,023$26,211$18,176$12,389$8,327$1,381
32 years$35,476$24,800$16,959$11,385$7,533$1,163
33 years$34,026$23,486$15,835$10,470$6,817$980
34 years$32,665$22,260$14,795$9,633$6,172$826
35 years$31,384$21,113$13,832$8,868$5,590$696
36 years$30,176$20,039$12,940$8,167$5,065$587
37 years$29,037$19,033$12,111$7,525$4,591$495
38 years$27,961$18,088$11,342$6,936$4,162$417
39 years$26,942$17,200$10,626$6,395$3,774$351
40 years$25,976$16,364$9,960$5,899$3,423$296
41 years$25,060$15,577$9,339$5,442$3,106$250
42 years$24,190$14,835$8,760$5,023$2,818$211
43 years$23,362$14,135$8,220$4,636$2,558$178
44 years$22,575$13,474$7,716$4,281$2,321$150
45 years$21,824$12,848$7,245$3,954$2,107$126
46 years$21,108$12,257$6,805$3,652$1,913$106
47 years$20,425$11,697$6,393$3,374$1,738$90
48 years$19,772$11,166$6,008$3,118$1,578$76
49 years$19,148$10,663$5,647$2,881$1,433$64
50 years$18,551$10,186$5,309$2,663$1,302$54

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 $5,572 every year, while hoping to spend $23,048 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: 50/22/28 Blend
57$19,000,000$19,000,000$19,000,000$19,000,000
58$20,943,748$19,936,748$19,642,248$21,824,672
59$23,055,487$20,889,125$20,275,740$23,393,504
60$25,381,851$21,887,397$20,929,682$25,095,005
61$27,944,708$22,933,787$21,604,734$26,944,028
62$30,768,154$24,030,629$22,301,579$28,954,587
63$33,878,744$25,180,368$23,020,920$31,142,082
64$37,305,739$26,385,569$23,763,484$33,523,439
65$41,081,386$27,648,924$24,530,022$36,117,262
66$45,241,219$28,973,252$25,321,309$38,944,007
67$49,824,394$30,361,513$26,138,144$42,026,164
68$54,874,064$31,816,809$26,981,354$45,388,463
69$60,437,779$33,342,392$27,851,789$49,058,104
70$66,567,939$34,941,676$28,750,331$53,065,000
71$73,322,289$36,618,239$29,677,887$57,442,057
72$80,764,462$38,375,832$30,635,396$62,225,476
73$88,964,581$40,218,391$31,623,825$67,455,081
74$97,999,919$42,150,043$32,644,174$73,174,692
75$107,955,632$44,175,116$33,697,475$79,432,528
76$118,925,558$46,298,149$34,784,793$86,281,649
77$131,013,108$48,523,902$35,907,227$93,780,452
78$144,332,239$50,857,367$37,065,912$101,993,206
79$159,008,528$53,303,778$38,262,021$110,990,653
80$175,180,363$55,868,628$39,496,763$120,850,662
81$193,000,242$58,557,674$40,771,388$131,658,950
82$212,636,222$61,376,954$42,087,184$143,509,882
83$234,273,495$64,332,803$43,445,483$156,507,347
84$258,116,143$67,431,863$44,847,658$170,765,725
85$284,389,065$70,681,099$46,295,130$186,410,952
86$313,340,094$74,087,817$47,789,361$203,581,695
87$345,242,343$77,659,680$49,331,865$222,430,646
88$380,396,782$81,404,724$50,924,201$243,125,944
89$419,135,074$85,331,376$52,567,982$265,852,748
90$461,822,713$89,448,475$54,264,872$290,814,966
91$508,862,471$93,765,291$56,016,586$318,237,163
92$560,698,200$98,291,548$57,824,899$348,366,657
93$617,819,024$103,037,441$59,691,641$381,475,839
94$680,763,955$108,013,666$61,618,701$417,864,719
95$750,126,981$113,231,439$63,608,030$457,863,740
96$826,562,677$118,702,523$65,661,643$501,836,867
97$910,792,380$124,439,257$67,781,619$550,185,009
98$1,003,611,003$130,454,581$69,970,103$603,349,768
99$1,105,894,536$136,762,066$72,229,312$661,817,591
100$1,218,608,319$143,375,947$74,561,534$726,124,325