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%13.6%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,516,010
2 years$788,998$774,304$760,063$746,255$732,861$709,743
3 years$520,774$506,016$491,811$478,133$464,957$442,438
4 years$386,688$371,975$357,912$344,468$331,612$309,864
5 years$306,257$291,633$277,755$264,584$252,086$231,174
6 years$252,655$238,140$224,467$211,590$199,467$179,415
7 years$214,382$199,990$186,533$173,960$162,220$143,034
8 years$185,691$171,428$158,195$145,931$134,577$116,255
9 years$163,387$149,259$136,253$124,301$113,333$95,866
10 years$145,554$131,565$118,789$107,148$96,566$79,939
11 years$130,973$117,124$104,580$93,251$83,050$67,248
12 years$118,831$105,124$92,812$81,794$71,969$56,972
13 years$108,565$95,002$82,921$72,212$62,759$48,546
14 years$99,774$86,354$74,505$64,101$55,014$41,562
15 years$92,161$78,886$67,268$57,167$48,438$35,724
16 years$85,506$72,376$60,988$51,187$42,810$30,808
17 years$79,641$66,656$55,497$45,991$37,958$26,643
18 years$74,433$61,593$50,662$41,447$33,751$23,096
19 years$69,778$57,084$46,378$37,451$30,083$20,062
20 years$65,595$53,045$42,564$33,919$26,871$17,457
21 years$61,814$49,409$39,150$30,784$24,046$15,213
22 years$58,382$46,122$36,083$27,990$21,554$13,274
23 years$55,253$43,137$33,316$25,491$19,348$11,596
24 years$52,389$40,416$30,812$23,249$17,390$10,139
25 years$49,758$37,929$28,538$21,232$15,649$8,873
26 years$47,334$35,647$26,468$19,414$14,096$7,771
27 years$45,093$33,548$24,578$17,770$12,709$6,810
28 years$43,015$31,612$22,848$16,281$11,467$5,971
29 years$41,085$29,822$21,262$14,930$10,355$5,238
30 years$39,286$28,164$19,805$13,702$9,356$4,597
31 years$37,607$26,624$18,463$12,584$8,459$4,036
32 years$36,036$25,192$17,227$11,565$7,652$3,544
33 years$34,563$23,857$16,085$10,635$6,925$3,114
34 years$33,180$22,611$15,029$9,785$6,269$2,736
35 years$31,879$21,446$14,051$9,008$5,678$2,405
36 years$30,653$20,356$13,144$8,296$5,145$2,114
37 years$29,496$19,333$12,303$7,644$4,663$1,858
38 years$28,402$18,374$11,521$7,045$4,228$1,634
39 years$27,367$17,471$10,794$6,496$3,834$1,437
40 years$26,386$16,623$10,117$5,992$3,477$1,264
41 years$25,456$15,823$9,487$5,528$3,155$1,112
42 years$24,572$15,070$8,899$5,102$2,863$978
43 years$23,731$14,358$8,350$4,710$2,598$861
44 years$22,931$13,686$7,838$4,349$2,358$757
45 years$22,169$13,051$7,360$4,016$2,141$666
46 years$21,442$12,450$6,912$3,710$1,944$586
47 years$20,748$11,881$6,494$3,427$1,765$516
48 years$20,085$11,342$6,103$3,167$1,603$454
49 years$19,450$10,831$5,736$2,927$1,456$400
50 years$18,844$10,347$5,393$2,705$1,322$352

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 $6,817 every year, while hoping to spend $28,523 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: 58/25/17 Blend
57$19,300,000$19,300,000$19,300,000$19,300,000
58$21,275,632$20,252,732$19,953,582$22,415,014
59$23,415,398$21,214,767$20,591,678$24,149,953
60$25,772,464$22,222,987$21,250,195$26,036,673
61$28,368,965$23,279,623$21,929,787$28,092,833
62$31,229,292$24,387,017$22,631,127$30,334,754
63$34,380,324$25,547,624$23,354,913$32,780,383
64$37,851,678$26,764,019$24,101,864$35,449,452
65$41,675,994$28,038,900$24,872,721$38,363,661
66$45,889,238$29,375,100$25,668,251$41,546,876
67$50,531,046$30,775,585$26,489,243$45,025,347
68$55,645,093$32,243,469$27,336,513$48,827,950
69$61,279,509$33,782,016$28,210,902$52,986,450
70$67,487,332$35,394,648$29,113,281$57,535,799
71$74,327,009$37,084,954$30,044,544$62,514,451
72$81,862,945$38,856,698$31,005,618$67,964,723
73$90,166,116$40,713,827$31,997,457$73,933,181
74$99,314,735$42,660,480$33,021,046$80,471,076
75$109,394,991$44,700,996$34,077,404$87,634,811
76$120,501,862$46,839,927$35,167,580$95,486,474
77$132,740,015$49,082,046$36,292,657$104,094,402
78$146,224,789$51,432,359$37,453,753$113,533,827
79$161,083,286$53,896,113$38,652,022$123,887,567
80$177,455,573$56,478,814$39,888,657$135,246,799
81$195,495,999$59,186,234$41,164,884$147,711,906
82$215,374,657$62,024,426$42,481,974$161,393,417
83$237,278,988$64,999,738$43,841,236$176,413,031
84$261,415,548$68,118,829$45,244,021$192,904,753
85$288,011,961$71,388,679$46,691,723$211,016,149
86$317,319,067$74,816,610$48,185,782$230,909,718
87$349,613,290$78,410,302$49,727,683$252,764,414
88$385,199,245$82,177,806$51,318,960$276,777,316
89$424,412,617$86,127,568$52,961,195$303,165,474
90$467,623,330$90,268,445$54,656,021$332,167,937
91$515,239,035$94,609,724$56,405,123$364,047,993
92$567,708,963$99,161,147$58,210,241$399,095,632
93$625,528,164$103,932,929$60,073,170$437,630,264
94$689,242,178$108,935,785$61,995,763$480,003,714
95$759,452,192$114,180,950$63,979,933$526,603,518
96$836,820,707$119,680,208$66,027,652$577,856,558
97$922,077,799$125,445,919$68,140,959$634,233,068
98$1,016,028,009$131,491,042$70,321,954$696,251,047
99$1,119,557,935$137,829,172$72,572,809$764,481,120
100$1,233,644,608$144,474,566$74,895,762$839,551,899