Can I retire at age 58 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,578,839
2 years$813,526$798,375$783,691$769,454$755,645$747,557
3 years$536,964$521,747$507,100$492,997$479,412$471,500
4 years$398,709$383,539$369,039$355,176$341,921$334,246
5 years$315,778$300,700$286,390$272,810$259,923$252,508
6 years$260,509$245,544$231,445$218,168$205,668$198,523
7 years$221,047$206,207$192,332$179,368$167,263$160,392
8 years$191,463$176,758$163,113$150,467$138,761$132,163
9 years$168,466$153,899$140,489$128,165$116,857$110,531
10 years$150,079$135,655$122,482$110,479$99,568$93,511
11 years$135,045$120,765$107,831$96,150$85,632$79,841
12 years$122,526$108,393$95,697$84,337$74,207$68,676
13 years$111,940$97,955$85,499$74,457$64,710$59,434
14 years$102,875$89,039$76,821$66,094$56,724$51,698
15 years$95,026$81,338$69,359$58,944$49,944$45,161
16 years$88,165$74,626$62,885$52,778$44,141$39,594
17 years$82,117$68,728$57,222$47,421$39,138$34,821
18 years$76,747$63,508$52,237$42,736$34,800$30,705
19 years$71,948$58,858$47,820$38,615$31,018$27,138
20 years$67,634$54,694$43,887$34,974$27,706$24,033
21 years$63,736$50,945$40,367$31,741$24,794$21,320
22 years$60,197$47,556$37,205$28,860$22,224$18,943
23 years$56,971$44,478$34,352$26,283$19,950$16,853
24 years$54,018$41,673$31,770$23,972$17,931$15,012
25 years$51,305$39,108$29,425$21,892$16,135$13,385
26 years$48,805$36,755$27,290$20,017$14,534$11,946
27 years$46,495$34,591$25,342$18,322$13,104$10,670
28 years$44,353$32,595$23,558$16,787$11,824$9,538
29 years$42,362$30,749$21,923$15,394$10,676$8,531
30 years$40,508$29,040$20,420$14,128$9,647$7,634
31 years$38,776$27,452$19,037$12,975$8,722$6,836
32 years$37,157$25,975$17,762$11,925$7,889$6,123
33 years$35,638$24,599$16,585$10,966$7,140$5,487
34 years$34,212$23,314$15,496$10,090$6,464$4,919
35 years$32,870$22,113$14,487$9,288$5,855$4,412
36 years$31,606$20,989$13,553$8,554$5,305$3,957
37 years$30,413$19,934$12,685$7,881$4,808$3,551
38 years$29,285$18,945$11,879$7,264$4,359$3,187
39 years$28,218$18,015$11,129$6,698$3,953$2,860
40 years$27,206$17,139$10,432$6,178$3,585$2,568
41 years$26,247$16,315$9,781$5,700$3,253$2,306
42 years$25,336$15,538$9,175$5,260$2,952$2,071
43 years$24,469$14,805$8,610$4,856$2,679$1,860
44 years$23,644$14,112$8,082$4,484$2,431$1,671
45 years$22,858$13,457$7,589$4,141$2,207$1,501
46 years$22,108$12,837$7,127$3,825$2,004$1,349
47 years$21,393$12,251$6,696$3,534$1,820$1,212
48 years$20,709$11,695$6,292$3,265$1,653$1,089
49 years$20,055$11,168$5,914$3,018$1,501$979
50 years$19,429$10,668$5,560$2,789$1,363$880

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,900,000, adding $3,117 every year, while hoping to spend $30,884 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: 60/33/7 Blend
57$19,900,000$19,900,000$19,900,000$19,900,000
58$21,933,015$20,878,315$20,569,865$23,217,427
59$24,137,322$21,868,492$21,226,095$25,068,035
60$26,565,434$22,906,153$21,903,274$27,081,782
61$29,240,145$23,993,591$22,602,071$29,277,379
62$32,186,575$25,133,213$23,323,176$31,672,318
63$35,432,405$26,327,540$24,067,301$34,285,825
64$39,008,138$27,579,217$24,835,184$37,139,039
65$42,947,388$28,891,017$25,627,581$40,255,199
66$47,287,193$30,265,849$26,445,277$43,659,859
67$52,068,373$31,706,762$27,289,080$47,381,124
68$57,335,906$33,216,953$28,159,824$51,449,899
69$63,139,360$34,799,775$29,058,369$55,900,182
70$69,533,354$36,458,743$29,985,604$60,769,370
71$76,578,080$38,197,545$30,942,445$66,098,603
72$84,339,866$40,020,047$31,929,839$71,933,144
73$92,891,805$41,930,302$32,948,762$78,322,796
74$102,314,444$43,932,562$34,000,220$85,322,362
75$112,696,544$46,031,284$35,085,254$92,992,150
76$124,135,918$48,231,143$36,204,936$101,398,528
77$136,740,355$50,537,042$37,360,374$110,614,544
78$150,628,634$52,954,121$38,552,711$120,720,599
79$165,931,653$55,487,770$39,783,124$131,805,191
80$182,793,655$58,143,644$41,052,832$143,965,741
81$201,373,595$60,927,671$42,363,090$157,309,493
82$221,846,642$63,846,066$43,715,193$171,954,514
83$244,405,827$66,905,351$45,110,480$188,030,790
84$269,263,870$70,112,362$46,550,329$205,681,438
85$296,655,185$73,474,269$48,036,166$225,064,040
86$326,838,097$76,998,590$49,569,460$246,352,106
87$360,097,274$80,693,212$51,151,729$269,736,701
88$396,746,420$84,566,404$52,784,536$295,428,222
89$437,131,235$88,626,838$54,469,498$323,658,363
90$481,632,677$92,883,609$56,208,282$354,682,284
91$530,670,558$97,346,254$58,002,607$388,780,991
92$584,707,511$102,024,776$59,854,250$426,263,968
93$644,253,352$106,929,665$61,765,043$467,472,070
94$709,869,898$112,071,923$63,736,876$512,780,714
95$782,176,267$117,463,086$65,771,700$562,603,398
96$861,854,724$123,115,255$67,871,530$617,395,569
97$949,657,122$129,041,119$70,038,443$677,658,897
98$1,046,412,002$135,253,987$72,274,584$743,945,974
99$1,153,032,410$141,767,816$74,582,166$816,865,498
100$1,270,524,520$148,597,244$76,963,473$897,087,985