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

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,550,382
2 years$813,526$798,375$783,691$769,454$755,645$719,101
3 years$536,964$521,747$507,100$492,997$479,412$443,938
4 years$398,709$383,539$369,039$355,176$341,921$307,790
5 years$315,778$300,700$286,390$272,810$259,923$227,231
6 years$260,509$245,544$231,445$218,168$205,668$174,449
7 years$221,047$206,207$192,332$179,368$167,263$137,522
8 years$191,463$176,758$163,113$150,467$138,761$110,486
9 years$168,466$153,899$140,489$128,165$116,857$90,026
10 years$150,079$135,655$122,482$110,479$99,568$74,152
11 years$135,045$120,765$107,831$96,150$85,632$61,597
12 years$122,526$108,393$95,697$84,337$74,207$51,514
13 years$111,940$97,955$85,499$74,457$64,710$43,317
14 years$102,875$89,039$76,821$66,094$56,724$36,588
15 years$95,026$81,338$69,359$58,944$49,944$31,017
16 years$88,165$74,626$62,885$52,778$44,141$26,375
17 years$82,117$68,728$57,222$47,421$39,138$22,485
18 years$76,747$63,508$52,237$42,736$34,800$19,209
19 years$71,948$58,858$47,820$38,615$31,018$16,441
20 years$67,634$54,694$43,887$34,974$27,706$14,093
21 years$63,736$50,945$40,367$31,741$24,794$12,096
22 years$60,197$47,556$37,205$28,860$22,224$10,394
23 years$56,971$44,478$34,352$26,283$19,950$8,939
24 years$54,018$41,673$31,770$23,972$17,931$7,694
25 years$51,305$39,108$29,425$21,892$16,135$6,628
26 years$48,805$36,755$27,290$20,017$14,534$5,712
27 years$46,495$34,591$25,342$18,322$13,104$4,926
28 years$44,353$32,595$23,558$16,787$11,824$4,249
29 years$42,362$30,749$21,923$15,394$10,676$3,667
30 years$40,508$29,040$20,420$14,128$9,647$3,166
31 years$38,776$27,452$19,037$12,975$8,722$2,734
32 years$37,157$25,975$17,762$11,925$7,889$2,361
33 years$35,638$24,599$16,585$10,966$7,140$2,040
34 years$34,212$23,314$15,496$10,090$6,464$1,763
35 years$32,870$22,113$14,487$9,288$5,855$1,523
36 years$31,606$20,989$13,553$8,554$5,305$1,317
37 years$30,413$19,934$12,685$7,881$4,808$1,138
38 years$29,285$18,945$11,879$7,264$4,359$984
39 years$28,218$18,015$11,129$6,698$3,953$851
40 years$27,206$17,139$10,432$6,178$3,585$735
41 years$26,247$16,315$9,781$5,700$3,253$636
42 years$25,336$15,538$9,175$5,260$2,952$550
43 years$24,469$14,805$8,610$4,856$2,679$476
44 years$23,644$14,112$8,082$4,484$2,431$411
45 years$22,858$13,457$7,589$4,141$2,207$356
46 years$22,108$12,837$7,127$3,825$2,004$308
47 years$21,393$12,251$6,696$3,534$1,820$266
48 years$20,709$11,695$6,292$3,265$1,653$230
49 years$20,055$11,168$5,914$3,018$1,501$199
50 years$19,429$10,668$5,560$2,789$1,363$172

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 $6,752 every year, while hoping to spend $29,388 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: 44/27/29 Blend
57$19,900,000$19,900,000$19,900,000$19,900,000
58$21,936,765$20,882,065$20,573,615$22,716,874
59$24,143,046$21,874,017$21,231,562$24,267,397
60$26,573,383$22,913,591$21,910,566$25,943,831
61$29,250,599$24,003,087$22,611,300$27,760,627
62$32,199,842$25,144,921$23,334,461$29,730,871
63$35,448,828$26,341,623$24,080,767$31,868,934
64$39,028,094$27,595,849$24,850,959$34,190,597
65$42,971,296$28,910,382$25,645,803$36,713,196
66$47,315,518$30,288,140$26,466,087$39,455,777
67$52,101,627$31,732,185$27,312,627$42,439,266
68$57,374,657$33,245,726$28,186,264$45,686,660
69$63,184,234$34,832,128$29,087,865$49,223,236
70$69,585,044$36,494,921$30,018,327$53,076,779
71$76,637,351$38,237,805$30,978,574$57,277,833
72$84,407,565$40,064,662$31,969,560$61,859,985
73$92,968,867$41,979,560$32,992,271$66,860,167
74$102,401,901$43,986,768$34,047,721$72,318,996
75$112,795,536$46,090,761$35,136,961$78,281,143
76$124,247,704$48,296,231$36,261,072$84,795,749
77$136,866,324$50,608,101$37,421,173$91,916,869
78$150,770,322$53,031,531$38,618,415$99,703,976
79$166,090,752$55,571,934$39,853,989$108,222,505
80$182,972,035$58,234,985$41,129,124$117,544,458
81$201,573,320$61,026,636$42,445,087$127,749,070
82$222,069,987$63,953,129$43,803,185$138,923,540
83$244,655,303$67,021,011$45,204,770$151,163,836
84$269,542,249$70,237,145$46,651,235$164,575,592
85$296,965,525$73,608,731$48,144,017$179,275,079
86$327,183,768$77,143,319$49,684,602$195,390,288
87$360,481,997$80,848,826$51,274,520$213,062,121
88$397,174,298$84,733,556$52,915,354$232,445,697
89$437,606,792$88,806,216$54,608,734$253,711,800
90$482,160,903$93,075,939$56,356,346$277,048,466
91$531,256,958$97,552,303$58,159,926$302,662,736
92$585,358,153$102,245,351$60,021,268$330,782,588
93$644,974,929$107,165,617$61,942,225$361,659,063
94$710,669,788$112,324,149$63,924,706$395,568,609
95$783,062,607$117,732,533$65,970,685$432,815,663
96$862,836,486$123,402,920$68,082,195$473,735,500
97$950,744,197$129,348,052$70,261,338$518,697,363
98$1,047,615,293$135,581,295$72,510,281$568,107,921
99$1,154,363,940$142,116,666$74,831,263$622,415,075
100$1,271,997,544$148,968,864$77,226,591$682,112,152