Can I retire at age 58 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,528,669
2 years$788,998$774,304$760,063$746,255$732,861$722,434
3 years$520,774$506,016$491,811$478,133$464,957$454,764
4 years$386,688$371,975$357,912$344,468$331,612$321,731
5 years$306,257$291,633$277,755$264,584$252,086$242,548
6 years$252,655$238,140$224,467$211,590$199,467$190,284
7 years$214,382$199,990$186,533$173,960$162,220$153,395
8 years$185,691$171,428$158,195$145,931$134,577$126,112
9 years$163,387$149,259$136,253$124,301$113,333$105,225
10 years$145,554$131,565$118,789$107,148$96,566$88,810
11 years$130,973$117,124$104,580$93,251$83,050$75,641
12 years$118,831$105,124$92,812$81,794$71,969$64,901
13 years$108,565$95,002$82,921$72,212$62,759$56,024
14 years$99,774$86,354$74,505$64,101$55,014$48,604
15 years$92,161$78,886$67,268$57,167$48,438$42,346
16 years$85,506$72,376$60,988$51,187$42,810$37,025
17 years$79,641$66,656$55,497$45,991$37,958$32,472
18 years$74,433$61,593$50,662$41,447$33,751$28,553
19 years$69,778$57,084$46,378$37,451$30,083$25,164
20 years$65,595$53,045$42,564$33,919$26,871$22,221
21 years$61,814$49,409$39,150$30,784$24,046$19,655
22 years$58,382$46,122$36,083$27,990$21,554$17,412
23 years$55,253$43,137$33,316$25,491$19,348$15,444
24 years$52,389$40,416$30,812$23,249$17,390$13,715
25 years$49,758$37,929$28,538$21,232$15,649$12,191
26 years$47,334$35,647$26,468$19,414$14,096$10,846
27 years$45,093$33,548$24,578$17,770$12,709$9,658
28 years$43,015$31,612$22,848$16,281$11,467$8,605
29 years$41,085$29,822$21,262$14,930$10,355$7,672
30 years$39,286$28,164$19,805$13,702$9,356$6,844
31 years$37,607$26,624$18,463$12,584$8,459$6,108
32 years$36,036$25,192$17,227$11,565$7,652$5,453
33 years$34,563$23,857$16,085$10,635$6,925$4,871
34 years$33,180$22,611$15,029$9,785$6,269$4,352
35 years$31,879$21,446$14,051$9,008$5,678$3,890
36 years$30,653$20,356$13,144$8,296$5,145$3,478
37 years$29,496$19,333$12,303$7,644$4,663$3,110
38 years$28,402$18,374$11,521$7,045$4,228$2,782
39 years$27,367$17,471$10,794$6,496$3,834$2,488
40 years$26,386$16,623$10,117$5,992$3,477$2,227
41 years$25,456$15,823$9,487$5,528$3,155$1,992
42 years$24,572$15,070$8,899$5,102$2,863$1,783
43 years$23,731$14,358$8,350$4,710$2,598$1,596
44 years$22,931$13,686$7,838$4,349$2,358$1,429
45 years$22,169$13,051$7,360$4,016$2,141$1,279
46 years$21,442$12,450$6,912$3,710$1,944$1,146
47 years$20,748$11,881$6,494$3,427$1,765$1,026
48 years$20,085$11,342$6,103$3,167$1,603$919
49 years$19,450$10,831$5,736$2,927$1,456$823
50 years$18,844$10,347$5,393$2,705$1,322$737

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,300,000, adding $5,404 every year, while hoping to spend $35,629 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: 55/32/13 Blend
57$19,300,000$19,300,000$19,300,000$19,300,000
58$21,274,174$20,251,274$19,952,124$22,372,468
59$23,406,231$21,205,678$20,582,611$24,073,101
60$25,754,563$22,205,653$21,233,026$25,919,575
61$28,341,194$23,253,395$21,903,997$27,929,280
62$31,190,390$24,351,206$22,596,176$30,117,785
63$34,328,894$25,501,499$23,310,232$32,502,200
64$37,786,174$26,706,805$24,046,857$35,101,326
65$41,594,701$27,969,776$24,806,764$37,935,832
66$45,790,260$29,293,194$25,590,690$41,028,439
67$50,412,282$30,679,976$26,399,394$44,404,128
68$55,504,220$32,133,180$27,233,659$48,090,368
69$61,113,958$33,656,013$28,094,293$52,117,364
70$67,294,260$35,251,836$28,982,130$56,518,341
71$74,103,273$36,924,175$29,898,030$61,329,838
72$81,605,073$38,676,725$30,842,880$66,592,052
73$89,870,269$40,513,364$31,817,596$72,349,205
74$98,976,672$42,438,154$32,823,121$78,649,947
75$109,010,027$44,455,358$33,860,430$85,547,811
76$120,064,823$46,569,443$34,930,527$93,101,701
77$132,245,184$48,785,096$36,034,449$101,376,439
78$145,665,856$51,107,228$37,173,266$110,443,366
79$160,453,283$53,540,993$38,348,081$120,380,998
80$176,746,807$56,091,791$39,560,031$131,275,756
81$194,699,981$58,765,288$40,810,291$143,222,767
82$214,482,016$61,567,424$42,100,073$156,326,748
83$236,279,382$64,504,428$43,430,625$170,702,977
84$260,297,565$67,582,831$44,803,237$186,478,364
85$286,763,009$70,809,483$46,219,239$203,792,637
86$315,925,255$74,191,566$47,680,002$222,799,637
87$348,059,291$77,736,613$49,186,942$243,668,752
88$383,468,153$81,452,521$50,741,519$266,586,501
89$422,485,783$85,347,573$52,345,239$291,758,269
90$465,480,184$89,430,455$53,999,655$319,410,227
91$512,856,891$93,710,275$55,706,372$349,791,443
92$565,062,800$98,196,585$57,467,041$383,176,209
93$622,590,389$102,899,401$59,283,370$419,866,608
94$685,982,364$107,829,227$61,157,119$460,195,336
95$755,836,785$112,997,079$63,090,102$504,528,820
96$832,812,710$118,414,508$65,084,193$553,270,645
97$917,636,417$124,093,630$67,141,324$606,865,333
98$1,011,108,261$130,047,148$69,263,489$665,802,514
99$1,114,110,232$136,288,386$71,452,743$730,621,509
100$1,227,614,274$142,831,316$73,711,209$801,916,391