Can I retire at age 58 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,501,072
2 years$793,086$778,316$764,001$750,121$736,659$690,783
3 years$523,472$508,638$494,359$480,610$467,367$422,965
4 years$388,691$373,903$359,767$346,252$333,330$290,742
5 years$307,844$293,144$279,194$265,955$253,392$212,735
6 years$253,964$239,374$225,630$212,686$200,500$161,810
7 years$215,493$201,026$187,500$174,861$163,061$126,335
8 years$186,653$172,317$159,015$146,687$135,274$100,492
9 years$164,233$150,033$136,959$124,945$113,921$81,046
10 years$146,308$132,246$119,404$107,703$97,066$66,052
11 years$131,652$117,731$105,121$93,734$83,480$54,275
12 years$119,447$105,669$93,293$82,218$72,342$44,886
13 years$109,128$95,494$83,351$72,586$63,084$37,315
14 years$100,290$86,801$74,891$64,434$55,299$31,151
15 years$92,638$79,295$67,617$57,463$48,689$26,095
16 years$85,949$72,751$61,304$51,452$43,032$21,922
17 years$80,053$67,001$55,784$46,229$38,155$18,459
18 years$74,818$61,912$50,924$41,662$33,926$15,573
19 years$70,140$57,380$46,619$37,645$30,239$13,160
20 years$65,934$53,320$42,784$34,095$27,010$11,136
21 years$62,135$49,665$39,353$30,943$24,171$9,434
22 years$58,685$46,361$36,270$28,135$21,666$8,000
23 years$55,539$43,360$33,489$25,623$19,448$6,789
24 years$52,661$40,626$30,972$23,369$17,481$5,765
25 years$50,016$38,125$28,686$21,342$15,730$4,899
26 years$47,579$35,832$26,605$19,514$14,169$4,165
27 years$45,326$33,722$24,705$17,862$12,774$3,542
28 years$43,238$31,776$22,966$16,365$11,527$3,014
29 years$41,298$29,977$21,372$15,007$10,408$2,565
30 years$39,490$28,310$19,907$13,773$9,404$2,183
31 years$37,802$26,762$18,559$12,649$8,503$1,859
32 years$36,223$25,323$17,316$11,625$7,691$1,583
33 years$34,743$23,981$16,168$10,690$6,961$1,349
34 years$33,352$22,728$15,106$9,836$6,302$1,149
35 years$32,044$21,558$14,123$9,055$5,708$979
36 years$30,812$20,461$13,212$8,339$5,172$834
37 years$29,648$19,434$12,366$7,683$4,687$711
38 years$28,549$18,469$11,581$7,082$4,249$606
39 years$27,509$17,562$10,850$6,530$3,854$516
40 years$26,523$16,709$10,169$6,023$3,495$440
41 years$25,587$15,905$9,536$5,557$3,171$375
42 years$24,699$15,148$8,945$5,128$2,877$319
43 years$23,854$14,433$8,393$4,734$2,611$272
44 years$23,050$13,757$7,879$4,371$2,370$232
45 years$22,284$13,119$7,398$4,037$2,152$198
46 years$21,553$12,515$6,948$3,729$1,954$169
47 years$20,855$11,943$6,528$3,445$1,774$144
48 years$20,189$11,401$6,134$3,183$1,611$123
49 years$19,551$10,887$5,766$2,942$1,463$104
50 years$18,941$10,400$5,421$2,719$1,329$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,400,000, adding $4,281 every year, while hoping to spend $37,381 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: 57/34/9 Blend
57$19,400,000$19,400,000$19,400,000$19,400,000
58$21,383,216$20,355,016$20,054,316$22,556,482
59$23,524,531$21,312,639$20,686,362$24,305,301
60$25,883,007$22,315,932$21,338,330$26,205,329
61$28,480,755$23,367,094$22,010,845$28,274,641
62$31,342,141$24,468,431$22,704,557$30,529,424
63$34,494,013$25,622,357$23,420,134$32,987,467
64$37,965,958$26,831,408$24,158,264$35,668,322
65$41,790,578$28,098,240$24,919,658$38,593,482
66$46,003,800$29,425,637$25,705,050$41,786,575
67$50,645,215$30,816,519$26,515,195$45,273,582
68$55,758,447$32,273,950$27,350,875$49,083,071
69$61,391,574$33,801,138$28,212,894$53,246,460
70$67,597,571$35,401,450$29,102,083$57,798,303
71$74,434,817$37,078,415$30,019,297$62,776,609
72$81,967,645$38,835,734$30,965,419$68,223,190
73$90,266,946$40,677,287$31,941,362$74,184,044
74$99,410,842$42,607,141$32,948,065$80,709,781
75$109,485,420$44,629,563$33,986,498$87,856,089
76$120,585,547$46,749,026$35,057,660$95,684,245
77$132,815,765$48,970,220$36,162,584$104,261,685
78$146,291,275$51,298,064$37,302,332$113,662,625
79$161,139,029$53,737,713$38,478,004$123,968,749
80$177,498,924$56,294,575$39,690,732$135,269,967
81$195,525,126$58,974,320$40,941,683$147,665,248
82$215,387,521$61,782,895$42,232,062$161,263,536
83$237,273,324$64,726,532$43,563,112$176,184,769
84$261,388,842$67,811,771$44,936,114$192,560,986
85$287,961,422$71,045,466$46,352,392$210,537,563
86$317,241,599$74,434,806$47,813,309$230,274,561
87$349,505,460$77,987,329$49,320,273$251,948,221
88$385,057,249$81,710,940$50,874,734$275,752,605
89$424,232,240$85,613,928$52,478,190$301,901,409
90$467,399,904$89,704,986$54,132,185$330,629,956
91$514,967,393$93,993,229$55,838,311$362,197,394
92$567,383,386$98,488,216$57,598,214$396,889,118
93$625,142,324$103,199,971$59,413,586$435,019,439
94$688,789,077$108,139,005$61,286,177$476,934,526
95$758,924,089$113,316,343$63,217,791$523,015,639
96$836,209,046$118,743,544$65,210,287$573,682,708
97$921,373,122$124,432,731$67,265,584$629,398,256
98$1,015,219,862$130,396,616$69,385,663$690,671,743
99$1,118,634,770$136,648,533$71,572,565$758,064,333
100$1,232,593,668$143,202,461$73,828,397$832,194,162