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%11.4%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,506,170
2 years$776,734$762,268$748,248$734,655$721,470$712,474
3 years$512,679$498,150$484,166$470,701$457,730$448,933
4 years$380,677$366,193$352,349$339,113$326,457$317,927
5 years$301,497$287,100$273,437$260,471$248,167$239,930
6 years$248,727$234,439$220,978$208,301$196,366$188,432
7 years$211,050$196,881$183,634$171,256$159,698$152,071
8 years$182,804$168,764$155,736$143,662$132,485$125,165
9 years$160,847$146,939$134,135$122,368$111,572$104,557
10 years$143,292$129,520$116,942$105,483$95,065$88,351
11 years$128,937$115,304$102,954$91,802$81,759$75,343
12 years$116,984$103,490$91,369$80,522$70,850$64,726
13 years$106,878$93,525$81,632$71,089$61,783$55,944
14 years$98,223$85,012$73,347$63,105$54,159$48,599
15 years$90,728$77,660$66,222$56,279$47,686$42,398
16 years$84,177$71,251$60,040$50,391$42,145$37,121
17 years$78,403$65,620$54,634$45,276$37,368$32,601
18 years$73,276$60,636$49,874$40,803$33,226$28,707
19 years$68,694$56,197$45,657$36,869$29,615$25,336
20 years$64,575$52,221$41,902$33,392$26,453$22,405
21 years$60,853$48,641$38,542$30,305$23,672$19,847
22 years$57,475$45,405$35,522$27,554$21,219$17,608
23 years$54,394$42,466$32,798$25,094$19,047$15,642
24 years$51,575$39,788$30,333$22,888$17,120$13,911
25 years$48,985$37,339$28,094$20,902$15,406$12,385
26 years$46,598$35,093$26,056$19,112$13,877$11,036
27 years$44,392$33,026$24,195$17,494$12,511$9,842
28 years$42,347$31,121$22,493$16,028$11,289$8,783
29 years$40,446$29,359$20,931$14,698$10,194$7,843
30 years$38,676$27,726$19,497$13,489$9,211$7,008
31 years$37,023$26,211$18,176$12,389$8,327$6,265
32 years$35,476$24,800$16,959$11,385$7,533$5,603
33 years$34,026$23,486$15,835$10,470$6,817$5,013
34 years$32,665$22,260$14,795$9,633$6,172$4,486
35 years$31,384$21,113$13,832$8,868$5,590$4,016
36 years$30,176$20,039$12,940$8,167$5,065$3,597
37 years$29,037$19,033$12,111$7,525$4,591$3,222
38 years$27,961$18,088$11,342$6,936$4,162$2,887
39 years$26,942$17,200$10,626$6,395$3,774$2,587
40 years$25,976$16,364$9,960$5,899$3,423$2,318
41 years$25,060$15,577$9,339$5,442$3,106$2,078
42 years$24,190$14,835$8,760$5,023$2,818$1,863
43 years$23,362$14,135$8,220$4,636$2,558$1,671
44 years$22,575$13,474$7,716$4,281$2,321$1,498
45 years$21,824$12,848$7,245$3,954$2,107$1,344
46 years$21,108$12,257$6,805$3,652$1,913$1,205
47 years$20,425$11,697$6,393$3,374$1,738$1,081
48 years$19,772$11,166$6,008$3,118$1,578$970
49 years$19,148$10,663$5,647$2,881$1,433$870
50 years$18,551$10,186$5,309$2,663$1,302$781

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 $3,531 every year, while hoping to spend $56,794 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: 42/43/15 Blend
57$19,000,000$19,000,000$19,000,000$19,000,000
58$20,941,642$19,934,642$19,640,142$21,729,011
59$23,017,261$20,851,011$20,237,659$23,200,084
60$25,302,690$21,810,379$20,853,288$24,786,183
61$27,819,269$22,814,792$21,487,578$26,502,483
62$30,590,514$23,866,396$22,141,091$28,360,923
63$33,642,337$24,967,440$22,814,408$30,374,602
64$37,003,290$26,120,280$23,508,126$32,557,889
65$40,704,839$27,327,386$24,222,861$34,926,558
66$44,781,652$28,591,348$24,959,247$37,497,922
67$49,271,935$29,914,879$25,717,936$40,290,989
68$54,217,788$31,300,823$26,499,602$43,326,631
69$59,665,601$32,752,162$27,304,938$46,627,773
70$65,666,496$34,272,022$28,134,656$50,219,596
71$72,276,804$35,863,676$28,989,493$54,129,765
72$79,558,602$37,530,561$29,870,205$58,388,676
73$87,580,295$39,276,273$30,777,573$63,029,736
74$96,417,262$41,104,588$31,712,398$68,089,660
75$106,152,568$43,019,458$32,675,509$73,608,805
76$116,877,750$45,025,031$33,667,758$79,631,540
77$128,693,675$47,125,652$34,690,023$86,206,649
78$141,711,497$49,325,877$35,743,206$93,387,772
79$156,053,706$51,630,481$36,828,240$101,233,902
80$171,855,281$54,044,472$37,946,083$109,809,920
81$189,264,966$56,573,097$39,097,723$119,187,190
82$208,446,673$59,221,859$40,284,177$129,444,217
83$229,581,029$61,996,525$41,506,492$140,667,369
84$252,867,082$64,903,144$42,765,748$152,951,666
85$278,524,180$67,948,053$44,063,056$166,401,665
86$306,794,038$71,137,900$45,399,560$181,132,416
87$337,943,025$74,479,651$46,776,440$197,270,530
88$372,264,671$77,980,612$48,194,909$214,955,351
89$410,082,447$81,648,441$49,656,218$234,340,240
90$451,752,809$85,491,168$51,161,653$255,594,002
91$497,668,570$89,517,209$52,712,543$278,902,449
92$548,262,603$93,735,391$54,310,252$304,470,125
93$604,011,930$98,154,967$55,956,187$332,522,208
94$665,442,225$102,785,639$57,651,798$363,306,601
95$733,132,774$107,637,577$59,398,575$397,096,241
96$807,721,945$112,721,446$61,198,055$434,191,640
97$889,913,215$118,048,429$63,051,821$474,923,682
98$980,481,809$123,630,248$64,961,503$519,656,716
99$1,080,282,019$129,479,195$66,928,779$568,791,947
100$1,190,255,269$135,608,160$68,955,377$622,771,185