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

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,512,891
2 years$788,998$774,304$760,063$746,255$732,861$706,628
3 years$520,774$506,016$491,811$478,133$464,957$439,426
4 years$386,688$371,975$357,912$344,468$331,612$306,979
5 years$306,257$291,633$277,755$264,584$252,086$228,422
6 years$252,655$238,140$224,467$211,590$199,467$176,800
7 years$214,382$199,990$186,533$173,960$162,220$140,556
8 years$185,691$171,428$158,195$145,931$134,577$113,911
9 years$163,387$149,259$136,253$124,301$113,333$93,654
10 years$145,554$131,565$118,789$107,148$96,566$77,857
11 years$130,973$117,124$104,580$93,251$83,050$65,291
12 years$118,831$105,124$92,812$81,794$71,969$55,137
13 years$108,565$95,002$82,921$72,212$62,759$46,828
14 years$99,774$86,354$74,505$64,101$55,014$39,957
15 years$92,161$78,886$67,268$57,167$48,438$34,227
16 years$85,506$72,376$60,988$51,187$42,810$29,414
17 years$79,641$66,656$55,497$45,991$37,958$25,347
18 years$74,433$61,593$50,662$41,447$33,751$21,894
19 years$69,778$57,084$46,378$37,451$30,083$18,948
20 years$65,595$53,045$42,564$33,919$26,871$16,426
21 years$61,814$49,409$39,150$30,784$24,046$14,260
22 years$58,382$46,122$36,083$27,990$21,554$12,396
23 years$55,253$43,137$33,316$25,491$19,348$10,786
24 years$52,389$40,416$30,812$23,249$17,390$9,395
25 years$49,758$37,929$28,538$21,232$15,649$8,189
26 years$47,334$35,647$26,468$19,414$14,096$7,143
27 years$45,093$33,548$24,578$17,770$12,709$6,235
28 years$43,015$31,612$22,848$16,281$11,467$5,445
29 years$41,085$29,822$21,262$14,930$10,355$4,757
30 years$39,286$28,164$19,805$13,702$9,356$4,158
31 years$37,607$26,624$18,463$12,584$8,459$3,635
32 years$36,036$25,192$17,227$11,565$7,652$3,179
33 years$34,563$23,857$16,085$10,635$6,925$2,781
34 years$33,180$22,611$15,029$9,785$6,269$2,434
35 years$31,879$21,446$14,051$9,008$5,678$2,130
36 years$30,653$20,356$13,144$8,296$5,145$1,864
37 years$29,496$19,333$12,303$7,644$4,663$1,632
38 years$28,402$18,374$11,521$7,045$4,228$1,429
39 years$27,367$17,471$10,794$6,496$3,834$1,251
40 years$26,386$16,623$10,117$5,992$3,477$1,096
41 years$25,456$15,823$9,487$5,528$3,155$960
42 years$24,572$15,070$8,899$5,102$2,863$841
43 years$23,731$14,358$8,350$4,710$2,598$737
44 years$22,931$13,686$7,838$4,349$2,358$645
45 years$22,169$13,051$7,360$4,016$2,141$565
46 years$21,442$12,450$6,912$3,710$1,944$495
47 years$20,748$11,881$6,494$3,427$1,765$434
48 years$20,085$11,342$6,103$3,167$1,603$380
49 years$19,450$10,831$5,736$2,927$1,456$333
50 years$18,844$10,347$5,393$2,705$1,322$292

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 $3,752 every year, while hoping to spend $38,195 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: 65/23/12 Blend
57$19,300,000$19,300,000$19,300,000$19,300,000
58$21,272,470$20,249,570$19,950,420$22,597,020
59$23,401,623$21,201,160$20,578,120$24,433,201
60$25,746,669$22,198,097$21,225,568$26,433,889
61$28,329,590$23,242,564$21,893,385$28,618,964
62$31,174,606$24,336,848$22,582,211$31,006,407
63$34,308,409$25,483,347$23,292,708$33,615,996
64$37,760,411$26,684,575$24,025,558$36,469,491
65$41,563,022$27,943,168$24,781,463$39,590,832
66$45,751,957$29,261,891$25,561,150$43,006,357
67$50,366,573$30,643,640$26,365,365$46,745,050
68$55,450,240$32,091,455$27,194,881$50,838,805
69$61,050,748$33,608,520$28,050,493$55,322,722
70$67,220,763$35,198,175$28,933,022$60,235,433
71$74,018,318$36,863,923$29,843,316$65,619,459
72$81,507,367$38,609,436$30,782,247$71,521,602
73$89,758,382$40,438,562$31,750,717$77,993,384
74$98,849,025$42,355,340$32,749,654$85,091,522
75$108,864,876$44,364,002$33,780,018$92,878,457
76$119,900,240$46,468,985$34,842,795$101,422,935
77$132,059,043$48,674,943$35,939,007$110,800,647
78$145,455,807$50,986,757$37,069,705$121,094,931
79$160,216,732$53,409,541$38,235,974$132,397,556
80$176,480,892$55,948,662$39,438,932$144,809,573
81$194,401,541$58,609,744$40,679,734$158,442,257
82$214,147,563$61,398,687$41,959,570$173,418,153
83$235,905,067$64,321,675$43,279,668$189,872,214
84$259,879,142$67,385,195$44,641,295$207,953,069
85$286,295,793$70,596,048$46,045,757$227,824,406
86$315,404,075$73,961,365$47,494,401$249,666,513
87$347,478,444$77,488,626$48,988,617$273,677,960
88$382,821,348$81,185,671$50,529,838$300,077,460
89$421,766,082$85,060,725$52,119,544$329,105,919
90$464,679,933$89,122,411$53,759,259$361,028,695
91$511,967,648$93,379,771$55,450,556$396,138,087
92$564,075,257$97,842,289$57,195,059$434,756,074
93$621,494,279$102,519,907$58,994,439$477,237,338
94$684,766,367$107,423,054$60,850,425$523,972,596
95$754,488,418$112,562,665$62,764,795$575,392,265
96$831,318,208$117,950,207$64,739,387$631,970,504
97$915,980,604$123,597,706$66,776,095$694,229,671
98$1,009,274,404$129,517,772$68,876,873$762,745,233
99$1,112,079,881$135,723,631$71,043,736$838,151,168
100$1,225,367,091$142,229,150$73,278,763$921,145,932