Can I retire at age 58 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,496,598
2 years$780,822$766,280$752,186$738,521$725,267$698,692
3 years$515,377$500,772$486,714$473,178$460,139$434,279
4 years$382,681$368,121$354,203$340,898$328,175$303,230
5 years$303,084$288,611$274,876$261,842$249,474$225,515
6 years$250,036$235,673$222,141$209,397$197,400$174,455
7 years$212,160$197,918$184,600$172,157$160,539$138,614
8 years$183,766$169,652$156,556$144,418$133,183$112,272
9 years$161,694$147,712$134,841$123,012$112,159$92,252
10 years$144,046$130,201$117,558$106,038$95,565$76,644
11 years$129,616$115,911$103,496$92,285$82,189$64,233
12 years$117,600$104,035$91,850$80,946$71,223$54,209
13 years$107,440$94,017$82,062$71,463$62,108$46,009
14 years$98,740$85,459$73,733$63,437$54,444$39,232
15 years$91,206$78,068$66,571$56,575$47,936$33,583
16 years$84,620$71,626$60,356$50,657$42,366$28,841
17 years$78,815$65,965$54,922$45,515$37,565$24,835
18 years$73,661$60,955$50,137$41,018$33,401$21,436
19 years$69,055$56,492$45,898$37,063$29,771$18,538
20 years$64,915$52,495$42,123$33,568$26,592$16,059
21 years$61,174$48,897$38,745$30,465$23,797$13,931
22 years$57,777$45,644$35,709$27,700$21,331$12,100
23 years$54,681$42,690$32,971$25,226$19,148$10,521
24 years$51,846$39,998$30,493$23,008$17,210$9,156
25 years$49,243$37,536$28,242$21,012$15,487$7,975
26 years$46,843$35,278$26,193$19,213$13,950$6,951
27 years$44,626$33,200$24,323$17,586$12,577$6,062
28 years$42,570$31,284$22,611$16,112$11,348$5,290
29 years$40,659$29,513$21,042$14,775$10,247$4,618
30 years$38,879$27,872$19,600$13,560$9,259$4,032
31 years$37,218$26,348$18,272$12,454$8,371$3,523
32 years$35,663$24,931$17,048$11,445$7,572$3,078
33 years$34,205$23,610$15,918$10,525$6,853$2,691
34 years$32,836$22,377$14,873$9,684$6,205$2,352
35 years$31,549$21,224$13,905$8,915$5,620$2,057
36 years$30,335$20,145$13,008$8,210$5,092$1,799
37 years$29,190$19,133$12,175$7,564$4,615$1,574
38 years$28,108$18,183$11,401$6,972$4,184$1,377
39 years$27,083$17,290$10,682$6,429$3,794$1,205
40 years$26,113$16,450$10,012$5,930$3,441$1,054
41 years$25,192$15,659$9,388$5,471$3,122$922
42 years$24,317$14,913$8,806$5,049$2,833$807
43 years$23,485$14,209$8,264$4,661$2,571$707
44 years$22,694$13,545$7,757$4,303$2,334$619
45 years$21,939$12,916$7,283$3,974$2,119$541
46 years$21,220$12,321$6,841$3,671$1,924$474
47 years$20,533$11,758$6,427$3,392$1,747$415
48 years$19,876$11,225$6,039$3,134$1,586$363
49 years$19,249$10,719$5,677$2,896$1,441$318
50 years$18,648$10,239$5,337$2,677$1,309$278

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,100,000, adding $3,522 every year, while hoping to spend $54,395 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: 54/29/17 Blend
57$19,100,000$19,100,000$19,100,000$19,100,000
58$21,051,833$20,039,533$19,743,483$22,092,310
59$23,141,244$20,963,594$20,347,014$23,727,435
60$25,441,952$21,931,111$20,968,940$25,500,275
61$27,975,452$22,944,156$21,609,820$27,428,828
62$30,765,428$24,004,901$22,270,230$29,527,953
63$33,837,982$25,115,621$22,950,762$31,813,977
64$37,221,872$26,278,702$23,652,029$34,304,847
65$40,948,790$27,496,646$24,374,659$37,020,294
66$45,053,658$28,772,073$25,119,301$39,982,011
67$49,574,957$30,107,730$25,886,624$43,213,851
68$54,555,093$31,506,499$26,677,315$46,742,045
69$60,040,792$32,971,397$27,492,085$50,595,443
70$66,083,546$34,505,589$28,331,663$54,805,777
71$72,740,097$36,112,392$29,196,803$59,407,956
72$80,072,971$37,795,283$30,088,280$64,440,382
73$88,151,070$39,557,908$31,006,893$69,945,305
74$97,050,320$41,404,086$31,953,466$75,969,216
75$106,854,391$43,337,825$32,928,845$82,563,273
76$117,655,483$45,363,323$33,933,905$89,783,771
77$129,555,197$47,484,980$34,969,546$97,692,672
78$142,665,497$49,707,414$36,036,695$106,358,167
79$157,109,760$52,035,460$37,136,307$115,855,316
80$173,023,948$54,474,190$38,269,366$126,266,745
81$190,557,887$57,028,921$39,436,886$137,683,405
82$209,876,681$59,705,228$40,639,911$150,205,428
83$231,162,271$62,508,952$41,879,517$163,943,050
84$254,615,154$65,446,222$43,156,811$179,017,640
85$280,456,272$68,523,459$44,472,937$195,562,832
86$308,929,100$71,747,398$45,829,069$213,725,770
87$340,301,946$75,125,098$47,226,421$233,668,476
88$374,870,477$78,663,960$48,666,238$255,569,369
89$412,960,517$82,371,745$50,149,809$279,624,928
90$454,931,118$86,256,590$51,678,456$306,051,524
91$501,177,953$90,327,023$53,253,545$335,087,449
92$552,137,046$94,591,989$54,876,480$366,995,143
93$608,288,894$99,060,865$56,548,711$402,063,644
94$670,162,996$103,743,483$58,271,729$440,611,302
95$738,342,860$108,650,152$60,047,069$482,988,756
96$813,471,501$113,791,679$61,876,316$529,582,219
97$896,257,520$119,179,397$63,761,098$580,817,098
98$987,481,789$124,825,189$65,703,097$637,161,987
99$1,088,004,823$130,741,515$67,704,042$699,133,053
100$1,198,774,902$136,941,436$69,765,715$767,298,888