Can I retire at age 58 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,532,308
2 years$805,350$790,351$775,815$761,721$748,050$709,402
3 years$531,567$516,503$502,004$488,042$474,594$437,103
4 years$394,702$379,685$365,330$351,607$338,484$302,439
5 years$312,605$297,677$283,511$270,068$257,310$222,812
6 years$257,891$243,076$229,119$215,975$203,601$170,684
7 years$218,825$204,135$190,399$177,565$165,582$134,250
8 years$189,539$174,981$161,474$148,955$137,366$107,605
9 years$166,773$152,353$139,077$126,877$115,682$87,468
10 years$148,571$134,291$121,251$109,369$98,567$71,867
11 years$133,688$119,552$106,747$95,184$84,771$59,547
12 years$121,294$107,303$94,735$83,489$73,461$49,669
13 years$110,815$96,971$84,640$73,708$64,059$41,654
14 years$101,841$88,144$76,049$65,430$56,154$35,087
15 years$94,071$80,521$68,662$58,352$49,442$29,662
16 years$87,278$73,876$62,253$52,248$43,697$25,151
17 years$81,291$68,037$56,647$46,944$38,745$21,379
18 years$75,975$62,870$51,712$42,306$34,450$18,211
19 years$71,225$58,267$47,339$38,227$30,706$15,540
20 years$66,954$54,144$43,446$34,622$27,427$13,281
21 years$63,095$50,433$39,962$31,422$24,544$11,364
22 years$59,592$47,078$36,831$28,570$22,001$9,734
23 years$56,398$44,031$34,007$26,019$19,749$8,346
24 years$53,475$41,254$31,451$23,731$17,751$7,161
25 years$50,790$38,715$29,130$21,672$15,973$6,149
26 years$48,315$36,386$27,016$19,816$14,388$5,282
27 years$46,027$34,243$25,087$18,138$12,972$4,540
28 years$43,907$32,267$23,322$16,618$11,705$3,904
29 years$41,936$30,440$21,703$15,239$10,569$3,358
30 years$40,101$28,748$20,215$13,986$9,550$2,889
31 years$38,387$27,176$18,846$12,845$8,634$2,487
32 years$36,783$25,714$17,584$11,805$7,810$2,141
33 years$35,280$24,352$16,418$10,856$7,068$1,843
34 years$33,868$23,080$15,340$9,988$6,399$1,587
35 years$32,540$21,891$14,342$9,195$5,796$1,367
36 years$31,288$20,778$13,416$8,468$5,252$1,178
37 years$30,107$19,734$12,558$7,802$4,760$1,015
38 years$28,991$18,754$11,760$7,191$4,315$874
39 years$27,934$17,834$11,017$6,631$3,913$753
40 years$26,933$16,967$10,327$6,116$3,549$649
41 years$25,983$16,151$9,683$5,643$3,220$559
42 years$25,081$15,382$9,083$5,208$2,922$482
43 years$24,223$14,656$8,523$4,807$2,652$415
44 years$23,406$13,970$8,001$4,439$2,407$358
45 years$22,628$13,322$7,512$4,099$2,185$309
46 years$21,886$12,708$7,056$3,787$1,984$266
47 years$21,178$12,128$6,629$3,498$1,802$229
48 years$20,501$11,577$6,229$3,233$1,636$198
49 years$19,854$11,056$5,855$2,987$1,486$170
50 years$19,234$10,561$5,505$2,761$1,350$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,700,000, adding $4,040 every year, while hoping to spend $48,732 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: 74/20/6 Blend
57$19,700,000$19,700,000$19,700,000$19,700,000
58$21,713,567$20,669,467$20,364,117$23,305,849
59$23,876,501$21,630,421$20,994,465$25,315,264
60$26,258,420$22,636,828$21,644,296$27,509,254
61$28,881,610$23,690,864$22,314,211$29,911,239
62$31,770,628$24,794,810$23,004,831$32,541,760
63$34,952,533$25,951,056$23,716,794$35,423,426
64$38,457,144$27,162,110$24,450,758$38,581,119
65$42,317,318$28,430,599$25,207,404$42,042,229
66$46,569,261$29,759,275$25,987,429$45,836,901
67$51,252,874$31,151,028$26,791,556$49,998,325
68$56,412,123$32,608,884$27,620,528$54,563,034
69$62,095,455$34,136,015$28,475,112$59,571,251
70$68,356,260$35,735,748$29,356,097$65,067,261
71$75,253,370$37,411,571$30,264,297$71,099,821
72$82,851,615$39,167,140$31,200,553$77,722,621
73$91,222,437$41,006,287$32,165,729$84,994,776
74$100,444,562$42,933,031$33,160,717$92,981,384
75$110,604,742$44,951,584$34,186,436$101,754,132
76$121,798,578$47,066,364$35,243,834$111,391,966
77$134,131,418$49,282,002$36,333,888$121,981,827
78$147,719,354$51,603,350$37,457,604$133,619,467
79$162,690,315$54,035,501$38,616,020$146,410,341
80$179,185,276$56,583,790$39,810,206$160,470,600
81$197,359,592$59,253,813$41,041,265$175,928,173
82$217,384,455$62,051,435$42,310,333$192,923,967
83$239,448,522$64,982,808$43,618,581$211,613,190
84$263,759,686$68,054,380$44,967,218$232,166,802
85$290,547,041$71,272,912$46,357,488$254,773,123
86$320,063,049$74,645,495$47,790,673$279,639,596
87$352,585,916$78,179,560$49,268,097$306,994,735
88$388,422,224$81,882,903$50,791,122$337,090,271
89$427,909,820$85,763,694$52,361,154$370,203,514
90$471,421,009$89,830,503$53,979,640$406,639,959
91$519,366,068$94,092,313$55,648,074$446,736,156
92$572,197,117$98,558,546$57,367,994$490,862,872
93$630,412,387$103,239,079$59,140,987$539,428,577
94$694,560,927$108,144,270$60,968,686$592,883,282
95$765,247,781$113,284,980$62,852,777$651,722,774
96$843,139,707$118,672,596$64,794,997$716,493,275
97$928,971,463$124,319,059$66,797,136$787,796,586
98$1,023,552,752$130,236,892$68,861,038$866,295,742
99$1,127,775,856$136,439,224$70,988,607$952,721,257
100$1,242,624,070$142,939,823$73,181,802$1,047,877,997