Can I retire at age 58 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,520,456
2 years$797,174$782,328$767,939$753,988$740,456$705,875
3 years$526,170$511,260$496,907$483,087$469,776$436,196
4 years$390,695$375,830$361,621$348,037$335,048$302,728
5 years$309,431$294,655$280,633$267,326$254,698$223,729
6 years$255,273$240,608$226,793$213,783$201,534$171,947
7 years$216,603$202,062$188,466$175,763$163,901$135,703
8 years$187,615$173,205$159,834$147,443$135,972$109,151
9 years$165,080$150,806$137,665$125,589$114,508$89,046
10 years$147,062$132,928$120,020$108,259$97,566$73,436
11 years$132,330$118,338$105,663$94,217$83,910$61,080
12 years$120,063$106,214$93,774$82,641$72,715$51,148
13 years$109,690$95,986$83,780$72,960$63,409$43,067
14 years$100,807$87,249$75,277$64,766$55,584$36,426
15 years$93,116$79,703$67,965$57,760$48,940$30,923
16 years$86,392$73,126$61,620$51,717$43,254$26,332
17 years$80,466$67,347$56,072$46,468$38,352$22,481
18 years$75,204$62,231$51,187$41,877$34,101$19,234
19 years$70,501$57,675$46,859$37,839$30,395$16,487
20 years$66,274$53,595$43,005$34,271$27,149$14,154
21 years$62,455$49,921$39,556$31,103$24,295$12,167
22 years$58,987$46,600$36,457$28,280$21,777$10,470
23 years$55,826$43,584$33,662$25,755$19,549$9,019
24 years$52,932$40,835$31,131$23,490$17,571$7,776
25 years$50,274$38,322$28,834$21,452$15,811$6,708
26 years$47,824$36,016$26,742$19,615$14,242$5,791
27 years$45,560$33,896$24,832$17,954$12,840$5,002
28 years$43,461$31,940$23,085$16,450$11,586$4,322
29 years$41,511$30,131$21,482$15,085$10,462$3,736
30 years$39,694$28,456$20,010$13,844$9,453$3,231
31 years$37,997$26,900$18,655$12,715$8,546$2,794
32 years$36,410$25,453$17,405$11,685$7,731$2,418
33 years$34,922$24,105$16,251$10,745$6,996$2,092
34 years$33,524$22,846$15,184$9,887$6,334$1,811
35 years$32,209$21,669$14,196$9,101$5,737$1,567
36 years$30,971$20,567$13,280$8,382$5,198$1,357
37 years$29,801$19,534$12,430$7,723$4,711$1,175
38 years$28,696$18,564$11,640$7,118$4,271$1,018
39 years$27,651$17,653$10,906$6,564$3,873$881
40 years$26,660$16,795$10,222$6,054$3,513$763
41 years$25,719$15,987$9,585$5,585$3,187$661
42 years$24,826$15,226$8,991$5,155$2,892$573
43 years$23,977$14,507$8,437$4,758$2,625$496
44 years$23,169$13,828$7,919$4,394$2,383$430
45 years$22,399$13,186$7,436$4,058$2,163$372
46 years$21,664$12,579$6,984$3,748$1,964$323
47 years$20,963$12,005$6,561$3,463$1,783$279
48 years$20,293$11,460$6,166$3,200$1,619$242
49 years$19,652$10,944$5,796$2,957$1,471$210
50 years$19,039$10,454$5,449$2,733$1,336$182

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,500,000, adding $3,445 every year, while hoping to spend $26,666 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: 44/38/18 Blend
57$19,500,000$19,500,000$19,500,000$19,500,000
58$21,492,554$20,459,054$20,156,804$22,326,220
59$23,656,422$21,433,175$20,803,684$23,886,300
60$26,040,110$22,454,134$21,471,341$25,573,344
61$28,666,014$23,524,199$22,160,443$27,401,399
62$31,558,808$24,645,745$22,871,679$29,383,505
63$34,745,687$25,821,267$23,605,760$31,533,975
64$38,256,615$27,053,378$24,363,422$33,868,516
65$42,124,615$28,344,818$25,145,421$36,404,373
66$46,386,074$29,698,462$25,952,541$39,160,483
67$51,081,091$31,117,325$26,785,589$42,157,639
68$56,253,854$32,604,566$27,645,399$45,418,682
69$61,953,058$34,163,501$28,532,830$48,968,706
70$68,232,363$35,797,604$29,448,772$52,835,279
71$75,150,899$37,510,522$30,394,141$57,048,696
72$82,773,829$39,306,076$31,369,883$61,642,254
73$91,172,960$41,188,275$32,376,975$66,652,549
74$100,427,423$43,161,321$33,416,425$72,119,814
75$110,624,419$45,229,624$34,489,274$78,088,281
76$121,860,039$47,397,806$35,596,594$84,606,586
77$134,240,179$49,670,714$36,739,496$91,728,214
78$147,881,532$52,053,433$37,919,123$99,511,987
79$162,912,691$54,551,294$39,136,657$108,022,603
80$179,475,366$57,169,889$40,393,316$117,331,229
81$197,725,720$59,915,080$41,690,359$127,516,157
82$217,835,842$62,793,017$43,029,084$138,663,522
83$239,995,373$65,810,150$44,410,834$150,868,099
84$264,413,295$68,973,241$45,836,990$164,234,170
85$291,319,903$72,289,382$47,308,982$178,876,497
86$320,968,985$75,766,013$48,828,284$194,921,373
87$353,640,207$79,410,934$50,396,418$212,507,797
88$389,641,765$83,232,326$52,014,954$231,788,760
89$429,313,285$87,238,770$53,685,514$252,932,662
90$473,029,033$91,439,263$55,409,773$276,124,876
91$521,201,450$95,843,243$57,189,456$301,569,469
92$574,285,043$100,460,607$59,026,347$329,491,100
93$632,780,675$105,301,734$60,922,288$360,137,107
94$697,240,296$110,377,511$62,879,177$393,779,812
95$768,272,152$115,699,355$64,898,975$430,719,059
96$846,546,528$121,279,240$66,983,707$471,285,005
97$932,802,075$127,129,723$69,135,462$515,841,201
98$1,027,852,783$133,263,976$71,356,397$564,787,987
99$1,132,595,667$139,695,812$73,648,737$618,566,227
100$1,248,019,236$146,439,717$76,014,780$677,661,433