Can I retire at age 58 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,550,173
2 years$809,438$794,363$779,753$765,588$751,848$723,028
3 years$534,265$519,125$504,552$490,519$477,003$448,969
4 years$396,706$381,612$367,185$353,392$340,203$313,171
5 years$314,192$299,188$284,950$271,439$258,617$232,664
6 years$259,200$244,310$230,282$217,072$204,634$179,790
7 years$219,936$205,171$191,366$178,467$166,423$142,692
8 years$190,501$175,869$162,293$149,711$138,064$115,442
9 years$167,619$153,126$139,783$127,521$116,270$94,744
10 years$149,325$134,973$121,866$109,924$99,067$78,618
11 years$134,366$120,159$107,289$95,667$85,201$65,805
12 years$121,910$107,848$95,216$83,913$73,834$55,463
13 years$111,378$97,463$85,069$74,082$64,384$47,012
14 years$102,358$88,591$76,435$65,762$56,439$40,033
15 years$94,548$80,930$69,011$58,648$49,693$34,221
16 years$87,721$74,251$62,569$52,513$43,919$29,347
17 years$81,704$68,383$56,935$47,183$38,942$25,236
18 years$76,361$63,189$51,974$42,521$34,625$21,750
19 years$71,586$58,563$47,580$38,421$30,862$18,782
20 years$67,294$54,419$43,666$34,798$27,567$16,245
21 years$63,416$50,689$40,165$31,581$24,669$14,072
22 years$59,895$47,317$37,018$28,715$22,112$12,204
23 years$56,685$44,254$34,179$26,151$19,849$10,595
24 years$53,746$41,463$31,610$23,851$17,841$9,206
25 years$51,047$38,911$29,277$21,782$16,054$8,006
26 years$48,560$36,570$27,153$19,917$14,461$6,966
27 years$46,261$34,417$25,214$18,230$13,038$6,066
28 years$44,130$32,431$23,440$16,703$11,764$5,284
29 years$42,149$30,595$21,813$15,317$10,623$4,605
30 years$40,304$28,894$20,318$14,057$9,598$4,015
31 years$38,582$27,314$18,942$12,910$8,678$3,502
32 years$36,970$25,845$17,673$11,865$7,850$3,055
33 years$35,459$24,475$16,501$10,911$7,104$2,666
34 years$34,040$23,197$15,418$10,039$6,432$2,327
35 years$32,705$22,002$14,415$9,241$5,826$2,031
36 years$31,447$20,883$13,485$8,511$5,278$1,774
37 years$30,260$19,834$12,621$7,842$4,784$1,549
38 years$29,138$18,850$11,819$7,228$4,337$1,353
39 years$28,076$17,924$11,073$6,664$3,933$1,181
40 years$27,070$17,053$10,379$6,147$3,567$1,032
41 years$26,115$16,233$9,732$5,671$3,236$902
42 years$25,208$15,460$9,129$5,234$2,937$788
43 years$24,346$14,730$8,567$4,832$2,665$688
44 years$23,525$14,041$8,041$4,461$2,419$601
45 years$22,743$13,389$7,550$4,120$2,196$526
46 years$21,997$12,773$7,092$3,806$1,994$459
47 years$21,285$12,189$6,662$3,516$1,811$401
48 years$20,605$11,636$6,261$3,249$1,644$351
49 years$19,954$11,112$5,885$3,003$1,493$307
50 years$19,332$10,615$5,533$2,775$1,357$268

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,800,000, adding $3,108 every year, while hoping to spend $30,811 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: 58/19/23 Blend
57$19,800,000$19,800,000$19,800,000$19,800,000
58$21,822,806$20,773,406$20,466,506$22,953,359
59$24,015,949$21,758,520$21,119,351$24,709,397
60$26,431,761$22,790,872$21,793,034$26,619,462
61$29,092,920$23,872,745$22,488,220$28,701,327
62$32,024,419$25,006,530$23,205,596$30,971,606
63$35,253,797$26,194,737$23,945,871$33,448,570
64$38,811,402$27,439,998$24,709,776$36,152,315
65$42,730,678$28,745,070$25,498,066$39,104,946
66$47,048,476$30,112,847$26,311,520$42,330,778
67$51,805,406$31,546,362$27,150,942$45,856,564
68$57,046,219$33,048,796$28,017,160$49,711,738
69$62,820,231$34,623,484$28,911,032$53,928,688
70$69,181,783$36,273,924$29,833,441$58,543,055
71$76,190,762$38,003,782$30,785,297$63,594,063
72$83,913,157$39,816,906$31,767,543$69,124,882
73$92,421,692$41,717,327$32,781,148$75,183,027
74$101,796,503$43,709,274$33,827,115$81,820,799
75$112,125,901$45,797,183$34,906,478$89,095,773
76$123,507,201$47,985,703$36,020,303$97,071,330
77$136,047,644$50,279,711$37,169,692$105,817,247
78$149,865,407$52,684,321$38,355,780$115,410,348
79$165,090,721$55,204,895$39,579,741$125,935,218
80$181,867,096$57,847,056$40,842,784$137,484,994
81$200,352,682$60,616,704$42,146,159$150,162,228
82$220,721,754$63,520,020$43,491,154$164,079,852
83$243,166,363$66,563,492$44,879,098$179,362,225
84$267,898,150$69,753,921$46,311,365$196,146,301
85$295,150,336$73,098,438$47,789,371$214,582,904
86$325,179,932$76,604,523$49,314,577$234,838,144
87$358,270,161$80,280,021$50,888,492$257,094,967
88$394,733,133$84,133,158$52,512,672$281,554,872
89$434,912,790$88,172,560$54,188,723$308,439,794
90$479,188,153$92,407,274$55,918,304$337,994,185
91$527,976,903$96,846,788$57,703,125$370,487,309
92$581,739,318$101,501,052$59,544,951$406,215,759
93$640,982,627$106,380,502$61,445,605$445,506,250
94$706,265,789$111,496,080$63,406,967$488,718,673
95$778,204,776$116,859,265$65,430,977$536,249,482
96$857,478,385$122,482,091$67,519,637$588,535,413
97$944,834,650$128,377,183$69,675,014$646,057,585
98$1,041,097,898$134,557,778$71,899,241$709,346,023
99$1,147,176,535$141,037,761$74,194,517$778,984,633
100$1,264,071,624$147,831,693$76,563,115$855,616,695