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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,539,359
2 years$797,174$782,328$767,939$753,988$740,456$724,745
3 years$526,170$511,260$496,907$483,087$469,776$454,440
4 years$390,695$375,830$361,621$348,037$335,048$320,205
5 years$309,431$294,655$280,633$267,326$254,698$240,392
6 years$255,273$240,608$226,793$213,783$201,534$187,782
7 years$216,603$202,062$188,466$175,763$163,901$150,710
8 years$187,615$173,205$159,834$147,443$135,972$123,340
9 years$165,080$150,806$137,665$125,589$114,508$102,431
10 years$147,062$132,928$120,020$108,259$97,566$86,038
11 years$132,330$118,338$105,663$94,217$83,910$72,920
12 years$120,063$106,214$93,774$82,641$72,715$62,252
13 years$109,690$95,986$83,780$72,960$63,409$53,461
14 years$100,807$87,249$75,277$64,766$55,584$46,137
15 years$93,116$79,703$67,965$57,760$48,940$39,981
16 years$86,392$73,126$61,620$51,717$43,254$34,767
17 years$80,466$67,347$56,072$46,468$38,352$30,322
18 years$75,204$62,231$51,187$41,877$34,101$26,513
19 years$70,501$57,675$46,859$37,839$30,395$23,232
20 years$66,274$53,595$43,005$34,271$27,149$20,395
21 years$62,455$49,921$39,556$31,103$24,295$17,934
22 years$58,987$46,600$36,457$28,280$21,777$15,791
23 years$55,826$43,584$33,662$25,755$19,549$13,922
24 years$52,932$40,835$31,131$23,490$17,571$12,288
25 years$50,274$38,322$28,834$21,452$15,811$10,855
26 years$47,824$36,016$26,742$19,615$14,242$9,597
27 years$45,560$33,896$24,832$17,954$12,840$8,491
28 years$43,461$31,940$23,085$16,450$11,586$7,518
29 years$41,511$30,131$21,482$15,085$10,462$6,659
30 years$39,694$28,456$20,010$13,844$9,453$5,902
31 years$37,997$26,900$18,655$12,715$8,546$5,233
32 years$36,410$25,453$17,405$11,685$7,731$4,642
33 years$34,922$24,105$16,251$10,745$6,996$4,119
34 years$33,524$22,846$15,184$9,887$6,334$3,655
35 years$32,209$21,669$14,196$9,101$5,737$3,245
36 years$30,971$20,567$13,280$8,382$5,198$2,882
37 years$29,801$19,534$12,430$7,723$4,711$2,560
38 years$28,696$18,564$11,640$7,118$4,271$2,274
39 years$27,651$17,653$10,906$6,564$3,873$2,020
40 years$26,660$16,795$10,222$6,054$3,513$1,795
41 years$25,719$15,987$9,585$5,585$3,187$1,596
42 years$24,826$15,226$8,991$5,155$2,892$1,418
43 years$23,977$14,507$8,437$4,758$2,625$1,261
44 years$23,169$13,828$7,919$4,394$2,383$1,121
45 years$22,399$13,186$7,436$4,058$2,163$997
46 years$21,664$12,579$6,984$3,748$1,964$886
47 years$20,963$12,005$6,561$3,463$1,783$788
48 years$20,293$11,460$6,166$3,200$1,619$701
49 years$19,652$10,944$5,796$2,957$1,471$623
50 years$19,039$10,454$5,449$2,733$1,336$554

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 $4,921 every year, while hoping to spend $33,230 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: 55/29/16 Blend
57$19,500,000$19,500,000$19,500,000$19,500,000
58$21,494,076$20,460,576$20,158,326$22,584,868
59$23,651,115$21,427,788$20,798,273$24,295,366
60$26,027,059$22,441,279$21,458,545$26,153,007
61$28,644,200$23,503,283$22,139,788$28,175,065
62$31,527,104$24,616,140$22,842,667$30,377,253
63$34,702,843$25,782,304$23,567,870$32,776,839
64$38,201,245$27,004,350$24,316,106$35,392,804
65$42,055,185$28,284,975$25,088,108$38,246,012
66$46,300,884$29,627,010$25,884,630$41,359,405
67$50,978,262$31,033,421$26,706,452$44,758,209
68$56,131,304$32,507,318$27,554,378$48,470,163
69$61,808,484$34,051,964$28,429,237$52,525,777
70$68,063,218$35,670,779$29,331,885$56,958,608
71$74,954,369$37,367,349$30,263,206$61,805,569
72$82,546,800$39,145,435$31,224,109$67,107,271
73$90,911,993$41,008,981$32,215,536$72,908,392
74$100,128,717$42,962,121$33,238,457$79,258,094
75$110,283,773$45,009,192$34,293,872$86,210,470
76$121,472,815$47,154,739$35,382,814$93,825,051
77$133,801,253$49,403,532$36,506,349$102,167,353
78$147,385,244$51,760,569$37,665,576$111,309,482
79$162,352,796$54,231,094$38,861,629$121,330,804
80$178,844,966$56,820,603$40,095,679$132,318,683
81$197,017,202$59,534,862$41,368,933$144,369,286
82$217,040,803$62,379,916$42,682,638$157,588,486
83$239,104,538$65,362,105$44,038,080$172,092,835
84$263,416,429$68,488,076$45,436,584$188,010,658
85$290,205,715$71,764,802$46,879,520$205,483,244
86$319,725,014$75,199,593$48,368,300$224,666,162
87$352,252,708$78,800,116$49,904,380$245,730,714
88$388,095,573$82,574,411$51,489,266$268,865,530
89$427,591,672$86,530,908$53,124,507$294,278,332
90$471,113,550$90,678,449$54,811,705$322,197,874
91$519,071,746$95,026,307$56,552,511$352,876,079
92$571,918,673$99,584,206$58,348,630$386,590,394
93$630,152,888$104,362,342$60,201,819$423,646,386
94$694,323,796$109,371,410$62,113,893$464,380,604
95$765,036,839$114,622,624$64,086,724$509,163,728
96$842,959,210$120,127,747$66,122,244$558,404,042
97$928,826,155$125,899,112$68,222,444$612,551,259
98$1,023,447,909$131,949,655$70,389,382$672,100,738
99$1,127,717,349$138,292,941$72,625,180$737,598,131
100$1,242,618,421$144,943,197$74,932,025$809,644,496