Can I retire at age 58 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,470,289
2 years$784,910$770,292$756,124$742,388$729,064$668,617
3 years$518,075$503,394$489,263$475,655$462,548$404,303
4 years$384,684$370,048$356,058$342,683$329,893$274,293
5 years$304,671$290,122$276,316$263,213$250,780$197,966
6 years$251,346$236,907$223,304$210,494$198,433$148,440
7 years$213,271$198,954$185,567$173,059$161,380$114,188
8 years$184,728$170,540$157,375$145,175$133,880$89,443
9 years$162,540$148,486$135,547$123,656$112,746$70,996
10 years$144,800$130,883$118,173$106,593$96,065$56,920
11 years$130,295$116,517$104,038$92,768$82,619$45,988
12 years$118,216$104,580$92,331$81,370$71,596$37,380
13 years$108,003$94,510$82,492$71,837$62,433$30,529
14 years$99,257$85,907$74,119$63,769$54,729$25,028
15 years$91,683$78,477$66,919$56,871$48,187$20,582
16 years$85,063$72,001$60,672$50,922$42,588$16,968
17 years$79,228$66,311$55,209$45,753$37,762$14,017
18 years$74,047$61,274$50,399$41,233$33,576$11,598
19 years$69,417$56,788$46,138$37,257$29,927$9,610
20 years$65,255$52,770$42,343$33,743$26,731$7,972
21 years$61,494$49,153$38,947$30,624$23,921$6,619
22 years$58,080$45,883$35,896$27,845$21,442$5,499
23 years$54,967$42,913$33,144$25,359$19,248$4,572
24 years$52,118$40,207$30,652$23,128$17,300$3,804
25 years$49,501$37,732$28,390$21,122$15,568$3,166
26 years$47,089$35,462$26,330$19,313$14,023$2,635
27 years$44,859$33,374$24,450$17,678$12,643$2,195
28 years$42,793$31,448$22,730$16,197$11,408$1,828
29 years$40,872$29,668$21,152$14,853$10,301$1,523
30 years$39,083$28,018$19,702$13,631$9,308$1,269
31 years$37,412$26,486$18,368$12,519$8,415$1,058
32 years$35,850$25,062$17,137$11,505$7,612$882
33 years$34,384$23,734$16,001$10,580$6,889$735
34 years$33,008$22,494$14,951$9,735$6,237$613
35 years$31,714$21,335$13,978$8,961$5,649$511
36 years$30,494$20,250$13,076$8,253$5,118$426
37 years$29,343$19,233$12,239$7,604$4,639$355
38 years$28,255$18,278$11,461$7,009$4,206$296
39 years$27,225$17,381$10,738$6,463$3,814$247
40 years$26,249$16,537$10,065$5,961$3,459$206
41 years$25,324$15,741$9,437$5,500$3,138$172
42 years$24,444$14,991$8,853$5,075$2,848$143
43 years$23,608$14,284$8,307$4,685$2,584$119
44 years$22,812$13,615$7,798$4,326$2,346$100
45 years$22,054$12,984$7,322$3,995$2,130$83
46 years$21,331$12,386$6,877$3,690$1,934$69
47 years$20,640$11,820$6,460$3,410$1,756$58
48 years$19,980$11,284$6,071$3,151$1,595$48
49 years$19,350$10,775$5,706$2,912$1,448$40
50 years$18,746$10,293$5,365$2,691$1,315$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,200,000, adding $4,423 every year, while hoping to spend $32,825 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: 63/30/7 Blend
57$19,200,000$19,200,000$19,200,000$19,200,000
58$21,162,962$20,145,362$19,847,762$22,467,859
59$23,286,659$21,097,560$20,477,737$24,290,699
60$25,625,872$22,095,314$21,127,715$26,275,827
61$28,202,551$23,140,824$21,798,333$28,442,342
62$31,040,880$24,236,393$22,490,246$30,807,808
63$34,167,511$25,384,438$23,204,131$33,391,537
64$37,611,814$26,587,492$23,940,686$36,214,766
65$41,406,150$27,848,210$24,700,630$39,300,853
66$45,586,183$29,169,379$25,484,707$42,675,486
67$50,191,213$30,553,918$26,293,684$46,366,925
68$55,264,546$32,004,889$27,128,352$50,406,257
69$60,853,905$33,525,503$27,989,527$54,827,682
70$67,011,878$35,119,128$28,878,050$59,668,833
71$73,796,417$36,789,292$29,794,792$64,971,115
72$81,271,383$38,539,699$30,740,649$70,780,095
73$89,507,148$40,374,229$31,716,546$77,145,920
74$98,581,264$42,296,952$32,723,436$84,123,778
75$108,579,187$44,312,137$33,762,306$91,774,414
76$119,595,092$46,424,259$34,834,170$100,164,692
77$131,732,755$48,638,012$35,940,079$109,368,212
78$145,106,536$50,958,315$37,081,112$119,465,998
79$159,842,461$53,390,330$38,258,387$130,547,247
80$176,079,404$55,939,468$39,473,055$142,710,162
81$193,970,405$58,611,404$40,726,304$156,062,865
82$213,684,111$61,412,088$42,019,361$170,724,401
83$235,406,371$64,347,761$43,353,489$186,825,853
84$259,341,985$67,424,965$44,729,996$204,511,560
85$285,716,643$70,650,564$46,150,226$223,940,467
86$314,779,052$74,031,753$47,615,570$245,287,606
87$346,803,285$77,576,079$49,127,461$268,745,734
88$382,091,368$81,291,454$50,687,379$294,527,132
89$420,976,131$85,186,179$52,296,850$322,865,595
90$463,824,350$89,268,956$53,957,448$354,018,612
91$511,040,211$93,548,911$55,670,799$388,269,784
92$563,069,121$98,035,617$57,438,580$425,931,472
93$620,401,918$102,739,109$59,262,519$467,347,731
94$683,579,503$107,669,914$61,144,403$512,897,527
95$753,197,944$112,839,072$63,086,072$562,998,295
96$829,914,105$118,258,158$65,089,427$618,109,850
97$914,451,850$123,939,313$67,156,428$678,738,703
98$1,007,608,869$129,895,270$69,289,099$745,442,813
99$1,110,264,217$136,139,382$71,489,527$818,836,827
100$1,223,386,606$142,685,650$73,759,865$899,597,844