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%18.6%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,477,889
2 years$784,910$770,292$756,124$742,388$729,064$676,070
3 years$518,075$503,394$489,263$475,655$462,548$411,371
4 years$384,684$370,048$356,058$342,683$329,893$280,924
5 years$304,671$290,122$276,316$263,213$250,780$204,147
6 years$251,346$236,907$223,304$210,494$198,433$154,174
7 years$213,271$198,954$185,567$173,059$161,380$119,485
8 years$184,728$170,540$157,375$145,175$133,880$94,317
9 years$162,540$148,486$135,547$123,656$112,746$75,464
10 years$144,800$130,883$118,173$106,593$96,065$61,003
11 years$130,295$116,517$104,038$92,768$82,619$49,706
12 years$118,216$104,580$92,331$81,370$71,596$40,755
13 years$108,003$94,510$82,492$71,837$62,433$33,582
14 years$99,257$85,907$74,119$63,769$54,729$27,783
15 years$91,683$78,477$66,919$56,871$48,187$23,061
16 years$85,063$72,001$60,672$50,922$42,588$19,191
17 years$79,228$66,311$55,209$45,753$37,762$16,006
18 years$74,047$61,274$50,399$41,233$33,576$13,374
19 years$69,417$56,788$46,138$37,257$29,927$11,191
20 years$65,255$52,770$42,343$33,743$26,731$9,376
21 years$61,494$49,153$38,947$30,624$23,921$7,864
22 years$58,080$45,883$35,896$27,845$21,442$6,601
23 years$54,967$42,913$33,144$25,359$19,248$5,545
24 years$52,118$40,207$30,652$23,128$17,300$4,660
25 years$49,501$37,732$28,390$21,122$15,568$3,919
26 years$47,089$35,462$26,330$19,313$14,023$3,297
27 years$44,859$33,374$24,450$17,678$12,643$2,775
28 years$42,793$31,448$22,730$16,197$11,408$2,336
29 years$40,872$29,668$21,152$14,853$10,301$1,967
30 years$39,083$28,018$19,702$13,631$9,308$1,657
31 years$37,412$26,486$18,368$12,519$8,415$1,395
32 years$35,850$25,062$17,137$11,505$7,612$1,176
33 years$34,384$23,734$16,001$10,580$6,889$991
34 years$33,008$22,494$14,951$9,735$6,237$835
35 years$31,714$21,335$13,978$8,961$5,649$704
36 years$30,494$20,250$13,076$8,253$5,118$593
37 years$29,343$19,233$12,239$7,604$4,639$500
38 years$28,255$18,278$11,461$7,009$4,206$421
39 years$27,225$17,381$10,738$6,463$3,814$355
40 years$26,249$16,537$10,065$5,961$3,459$299
41 years$25,324$15,741$9,437$5,500$3,138$252
42 years$24,444$14,991$8,853$5,075$2,848$213
43 years$23,608$14,284$8,307$4,685$2,584$179
44 years$22,812$13,615$7,798$4,326$2,346$151
45 years$22,054$12,984$7,322$3,995$2,130$128
46 years$21,331$12,386$6,877$3,690$1,934$108
47 years$20,640$11,820$6,460$3,410$1,756$91
48 years$19,980$11,284$6,071$3,151$1,595$76
49 years$19,350$10,775$5,706$2,912$1,448$64
50 years$18,746$10,293$5,365$2,691$1,315$54

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 $3,547 every year, while hoping to spend $47,293 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: 51/40/9 Blend
57$19,200,000$19,200,000$19,200,000$19,200,000
58$21,162,059$20,144,459$19,846,859$22,191,898
59$23,270,269$21,081,218$20,461,409$23,831,009
60$25,591,932$22,062,293$21,094,962$25,606,538
61$28,148,770$23,089,806$21,748,104$27,535,550
62$30,964,719$24,165,981$22,421,439$29,632,489
63$34,066,154$25,293,148$23,115,592$31,913,213
64$37,482,142$26,473,752$23,831,204$34,395,145
65$41,244,710$27,710,355$24,568,939$37,097,420
66$45,389,150$29,005,643$25,329,478$40,041,065
67$49,954,354$30,362,430$26,113,526$43,249,184
68$54,983,177$31,783,668$26,921,808$46,747,169
69$60,522,845$33,272,451$27,755,072$50,562,929
70$66,625,397$34,832,023$28,614,090$54,727,145
71$73,348,180$36,465,785$29,499,654$59,273,547
72$80,754,388$38,177,302$30,412,586$64,239,224
73$88,913,656$39,970,310$31,353,728$69,664,960
74$97,902,723$41,848,729$32,323,952$75,595,608
75$107,806,151$43,816,667$33,324,154$82,080,501
76$118,717,124$45,878,430$34,355,260$89,173,905
77$130,738,332$48,038,534$35,418,222$96,935,516
78$143,982,933$50,301,713$36,514,024$105,431,009
79$158,575,626$52,672,931$37,643,677$114,732,645
80$174,653,826$55,157,391$38,808,226$124,919,935
81$192,368,962$57,760,549$40,008,748$136,080,374
82$211,887,906$60,488,126$41,246,351$148,310,252
83$233,394,548$63,346,120$42,522,179$161,715,542
84$257,091,531$66,340,818$43,837,411$176,412,881
85$283,202,164$69,478,815$45,193,261$192,530,654
86$311,972,532$72,767,024$46,590,982$210,210,182
87$343,673,815$76,212,693$48,031,865$229,607,037
88$378,604,851$79,823,423$49,517,240$250,892,485
89$417,094,957$83,607,182$51,048,479$274,255,078
90$459,507,035$87,572,326$52,626,995$299,902,415
91$506,241,000$91,727,617$54,254,246$328,063,065
92$557,737,552$96,082,240$55,931,734$358,988,708
93$614,482,342$100,645,829$57,661,007$392,956,474
94$677,010,550$105,428,485$59,443,660$430,271,533
95$745,911,942$110,440,797$61,281,339$471,269,942
96$821,836,436$115,693,871$63,175,739$516,321,785
97$905,500,234$121,199,352$65,128,608$565,834,631
98$997,692,589$126,969,452$67,141,747$620,257,349
99$1,099,283,251$133,016,973$69,217,014$680,084,300
100$1,211,230,680$139,355,342$71,356,321$745,859,970