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

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,551,447
2 years$809,438$794,363$779,753$765,588$751,848$724,298
3 years$534,265$519,125$504,552$490,519$477,003$450,195
4 years$396,706$381,612$367,185$353,392$340,203$314,343
5 years$314,192$299,188$284,950$271,439$258,617$233,780
6 years$259,200$244,310$230,282$217,072$204,634$180,848
7 years$219,936$205,171$191,366$178,467$166,423$143,694
8 years$190,501$175,869$162,293$149,711$138,064$116,387
9 years$167,619$153,126$139,783$127,521$116,270$95,633
10 years$149,325$134,973$121,866$109,924$99,067$79,453
11 years$134,366$120,159$107,289$95,667$85,201$66,588
12 years$121,910$107,848$95,216$83,913$73,834$56,196
13 years$111,378$97,463$85,069$74,082$64,384$47,695
14 years$102,358$88,591$76,435$65,762$56,439$40,670
15 years$94,548$80,930$69,011$58,648$49,693$34,814
16 years$87,721$74,251$62,569$52,513$43,919$29,897
17 years$81,704$68,383$56,935$47,183$38,942$25,745
18 years$76,361$63,189$51,974$42,521$34,625$22,221
19 years$71,586$58,563$47,580$38,421$30,862$19,217
20 years$67,294$54,419$43,666$34,798$27,567$16,647
21 years$63,416$50,689$40,165$31,581$24,669$14,441
22 years$59,895$47,317$37,018$28,715$22,112$12,544
23 years$56,685$44,254$34,179$26,151$19,849$10,907
24 years$53,746$41,463$31,610$23,851$17,841$9,492
25 years$51,047$38,911$29,277$21,782$16,054$8,267
26 years$48,560$36,570$27,153$19,917$14,461$7,206
27 years$46,261$34,417$25,214$18,230$13,038$6,284
28 years$44,130$32,431$23,440$16,703$11,764$5,483
29 years$42,149$30,595$21,813$15,317$10,623$4,787
30 years$40,304$28,894$20,318$14,057$9,598$4,180
31 years$38,582$27,314$18,942$12,910$8,678$3,652
32 years$36,970$25,845$17,673$11,865$7,850$3,191
33 years$35,459$24,475$16,501$10,911$7,104$2,789
34 years$34,040$23,197$15,418$10,039$6,432$2,439
35 years$32,705$22,002$14,415$9,241$5,826$2,133
36 years$31,447$20,883$13,485$8,511$5,278$1,865
37 years$30,260$19,834$12,621$7,842$4,784$1,631
38 years$29,138$18,850$11,819$7,228$4,337$1,427
39 years$28,076$17,924$11,073$6,664$3,933$1,249
40 years$27,070$17,053$10,379$6,147$3,567$1,093
41 years$26,115$16,233$9,732$5,671$3,236$956
42 years$25,208$15,460$9,129$5,234$2,937$837
43 years$24,346$14,730$8,567$4,832$2,665$733
44 years$23,525$14,041$8,041$4,461$2,419$641
45 years$22,743$13,389$7,550$4,120$2,196$561
46 years$21,997$12,773$7,092$3,806$1,994$491
47 years$21,285$12,189$6,662$3,516$1,811$430
48 years$20,605$11,636$6,261$3,249$1,644$377
49 years$19,954$11,112$5,885$3,003$1,493$330
50 years$19,332$10,615$5,533$2,775$1,357$289

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 $6,257 every year, while hoping to spend $29,198 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: 66/20/14 Blend
57$19,800,000$19,800,000$19,800,000$19,800,000
58$21,826,054$20,776,654$20,469,754$23,194,708
59$24,021,245$21,763,644$21,124,424$25,096,179
60$26,439,367$22,798,017$21,800,048$27,169,775
61$29,103,128$23,882,066$22,497,295$29,435,582
62$32,037,552$25,018,191$23,216,858$31,912,405
63$35,270,212$26,208,913$23,959,453$34,620,931
64$38,831,496$27,456,872$24,725,818$37,583,922
65$42,754,889$28,764,838$25,516,712$40,826,423
66$47,077,288$30,135,717$26,332,923$44,375,995
67$51,839,357$31,572,552$27,175,261$48,262,968
68$57,085,902$33,078,538$28,044,563$52,520,723
69$62,866,301$34,657,023$28,941,694$57,186,001
70$69,234,967$36,311,520$29,867,543$62,299,243
71$76,251,860$38,045,711$30,823,032$67,904,965
72$83,983,056$39,863,458$31,809,110$74,052,174
73$92,501,370$41,768,809$32,826,758$80,794,819
74$101,887,041$43,766,012$33,876,985$88,192,300
75$112,228,492$45,859,520$34,960,837$96,310,012
76$123,623,164$48,054,002$36,079,391$105,219,962
77$136,178,435$50,354,356$37,233,759$115,001,437
78$150,012,633$52,765,717$38,425,087$125,741,743
79$165,256,155$55,293,470$39,654,561$137,537,021
80$182,052,696$57,943,264$40,923,403$150,493,146
81$200,560,608$60,721,021$42,232,873$164,726,714
82$220,954,391$63,632,952$43,584,275$180,366,136
83$243,426,342$66,685,570$44,978,952$197,552,835
84$268,188,373$69,885,707$46,418,291$216,442,570
85$295,474,006$73,240,526$47,903,723$237,206,898
86$325,540,582$76,757,538$49,436,724$260,034,779
87$358,671,687$80,444,624$51,018,821$285,134,343
88$395,179,833$84,310,045$52,651,585$312,734,849
89$435,409,405$88,362,465$54,336,642$343,088,827
90$479,739,912$92,610,973$56,075,667$376,474,450
91$528,589,570$97,065,099$57,870,390$413,198,147
92$582,419,254$101,734,837$59,722,595$453,597,476
93$641,736,843$106,630,668$61,634,127$498,044,292
94$707,102,016$111,763,586$63,606,886$546,948,244
95$779,131,540$117,145,120$65,642,834$600,760,622
96$858,505,086$122,787,360$67,743,998$659,978,593
97$945,971,651$128,702,987$69,912,469$725,149,882
98$1,042,356,626$134,905,300$72,150,403$796,877,914
99$1,148,569,588$141,408,245$74,460,027$875,827,491
100$1,265,612,888$148,226,452$76,843,640$962,731,046