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%16.3%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,538,215
2 years$809,438$794,363$779,753$765,588$751,848$711,149
3 years$534,265$519,125$504,552$490,519$477,003$437,544
4 years$396,706$381,612$367,185$353,392$340,203$302,286
5 years$314,192$299,188$284,950$271,439$258,617$222,348
6 years$259,200$244,310$230,282$217,072$204,634$170,049
7 years$219,936$205,171$191,366$178,467$166,423$133,524
8 years$190,501$175,869$162,293$149,711$138,064$106,836
9 years$167,619$153,126$139,783$127,521$116,270$86,685
10 years$149,325$134,973$121,866$109,924$99,067$71,091
11 years$134,366$120,159$107,289$95,667$85,201$58,791
12 years$121,910$107,848$95,216$83,913$73,834$48,943
13 years$111,378$97,463$85,069$74,082$64,384$40,963
14 years$102,358$88,591$76,435$65,762$56,439$34,433
15 years$94,548$80,930$69,011$58,648$49,693$29,048
16 years$87,721$74,251$62,569$52,513$43,919$24,578
17 years$81,704$68,383$56,935$47,183$38,942$20,847
18 years$76,361$63,189$51,974$42,521$34,625$17,718
19 years$71,586$58,563$47,580$38,421$30,862$15,086
20 years$67,294$54,419$43,666$34,798$27,567$12,863
21 years$63,416$50,689$40,165$31,581$24,669$10,981
22 years$59,895$47,317$37,018$28,715$22,112$9,384
23 years$56,685$44,254$34,179$26,151$19,849$8,027
24 years$53,746$41,463$31,610$23,851$17,841$6,871
25 years$51,047$38,911$29,277$21,782$16,054$5,886
26 years$48,560$36,570$27,153$19,917$14,461$5,044
27 years$46,261$34,417$25,214$18,230$13,038$4,325
28 years$44,130$32,431$23,440$16,703$11,764$3,710
29 years$42,149$30,595$21,813$15,317$10,623$3,183
30 years$40,304$28,894$20,318$14,057$9,598$2,732
31 years$38,582$27,314$18,942$12,910$8,678$2,346
32 years$36,970$25,845$17,673$11,865$7,850$2,014
33 years$35,459$24,475$16,501$10,911$7,104$1,730
34 years$34,040$23,197$15,418$10,039$6,432$1,486
35 years$32,705$22,002$14,415$9,241$5,826$1,277
36 years$31,447$20,883$13,485$8,511$5,278$1,097
37 years$30,260$19,834$12,621$7,842$4,784$943
38 years$29,138$18,850$11,819$7,228$4,337$810
39 years$28,076$17,924$11,073$6,664$3,933$696
40 years$27,070$17,053$10,379$6,147$3,567$598
41 years$26,115$16,233$9,732$5,671$3,236$514
42 years$25,208$15,460$9,129$5,234$2,937$442
43 years$24,346$14,730$8,567$4,832$2,665$380
44 years$23,525$14,041$8,041$4,461$2,419$327
45 years$22,743$13,389$7,550$4,120$2,196$281
46 years$21,997$12,773$7,092$3,806$1,994$242
47 years$21,285$12,189$6,662$3,516$1,811$208
48 years$20,605$11,636$6,261$3,249$1,644$179
49 years$19,954$11,112$5,885$3,003$1,493$153
50 years$19,332$10,615$5,533$2,775$1,357$132

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 $3,520 every year, while hoping to spend $54,788 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: 70/18/12 Blend
57$19,800,000$19,800,000$19,800,000$19,800,000
58$21,823,231$20,773,831$20,466,931$23,294,958
59$23,990,906$21,733,455$21,094,279$25,231,319
60$26,377,849$22,738,264$21,740,807$27,342,672
61$29,006,365$23,790,414$22,407,100$29,651,769
62$31,901,036$24,892,166$23,093,760$32,178,075
63$35,088,948$26,045,889$23,801,407$34,943,009
64$38,599,949$27,254,065$24,530,682$37,970,142
65$42,466,927$28,519,298$25,282,243$41,285,420
66$46,726,125$29,844,315$26,056,770$44,917,398
67$51,417,480$31,231,977$26,854,962$48,897,512
68$56,585,000$32,685,281$27,677,540$53,260,364
69$62,277,179$34,207,369$28,525,247$58,044,049
70$68,547,456$35,801,535$29,398,848$63,290,506
71$75,454,720$37,471,233$30,299,132$69,045,912
72$83,063,859$39,220,081$31,226,911$75,361,108
73$91,446,383$41,051,876$32,183,023$82,292,074
74$100,681,090$42,970,593$33,168,330$89,900,456
75$110,854,813$44,980,404$34,183,720$98,254,133
76$122,063,239$47,085,679$35,230,111$107,427,859
77$134,411,814$49,291,002$36,308,444$117,503,955
78$148,016,734$51,601,176$37,419,692$128,573,085
79$163,006,046$54,021,239$38,564,857$140,735,099
80$179,520,854$56,556,470$39,744,970$154,099,969
81$197,716,649$59,212,406$40,961,095$168,788,820
82$217,764,783$61,994,850$42,214,328$184,935,064
83$239,854,080$64,909,886$43,505,796$202,685,648
84$264,192,619$67,963,894$44,836,664$222,202,434
85$291,009,702$71,163,560$46,208,128$243,663,718
86$320,558,015$74,515,898$47,621,423$267,265,898
87$353,116,013$78,028,257$49,077,821$293,225,322
88$388,990,551$81,708,347$50,578,633$321,780,314
89$428,519,778$85,564,247$52,125,208$353,193,418
90$472,076,331$89,604,430$53,718,938$387,753,856
91$520,070,849$93,837,779$55,361,255$425,780,253
92$572,955,854$98,273,609$57,053,635$467,623,626
93$631,230,019$102,921,684$58,797,600$513,670,684
94$695,442,879$107,792,244$60,594,718$564,347,465
95$766,200,013$112,896,025$62,446,601$620,123,343
96$844,168,766$118,244,282$64,354,915$681,515,439
97$930,084,548$123,848,820$66,321,372$749,093,489
98$1,024,757,772$129,722,012$68,347,738$823,485,203
99$1,129,081,510$135,876,836$70,435,832$905,382,172
100$1,244,039,920$142,326,897$72,587,529$995,546,378