Can I retire at age 58 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,570,347
2 years$817,615$802,387$787,630$773,321$759,442$734,837
3 years$539,662$524,369$509,648$495,474$481,821$457,858
4 years$400,713$385,467$370,894$356,961$343,639$320,502
5 years$317,365$302,211$287,829$274,180$261,229$238,985
6 years$261,818$246,778$232,608$219,264$206,701$185,377
7 years$222,157$207,243$193,299$180,269$168,104$147,705
8 years$192,425$177,646$163,933$151,223$139,458$119,982
9 years$169,313$154,673$141,195$128,809$117,444$98,880
10 years$150,833$136,336$123,097$111,034$100,068$82,403
11 years$135,724$121,372$108,373$96,633$86,062$69,277
12 years$123,141$108,937$96,178$84,760$74,579$58,653
13 years$112,503$98,447$85,929$74,831$65,035$49,945
14 years$103,392$89,486$77,207$66,426$57,009$42,732
15 years$95,503$81,747$69,708$59,241$50,195$36,705
16 years$88,608$75,001$63,201$53,044$44,363$31,632
17 years$82,529$69,073$57,510$47,659$39,335$27,336
18 years$77,132$63,827$52,499$42,951$34,975$23,680
19 years$72,309$59,154$48,060$38,809$31,174$20,554
20 years$67,974$54,969$44,107$35,149$27,845$17,872
21 years$64,056$51,201$40,570$31,900$24,918$15,562
22 years$60,500$47,795$37,392$29,005$22,336$13,569
23 years$57,257$44,701$34,525$26,415$20,050$11,844
24 years$54,289$41,882$31,930$24,092$18,021$10,348
25 years$51,563$39,304$29,573$22,002$16,216$9,049
26 years$49,051$36,940$27,428$20,118$14,607$7,918
27 years$46,728$34,765$25,469$18,414$13,170$6,934
28 years$44,576$32,759$23,677$16,871$11,883$6,075
29 years$42,575$30,904$22,033$15,471$10,730$5,325
30 years$40,711$29,186$20,523$14,199$9,695$4,669
31 years$38,971$27,590$19,133$13,041$8,766$4,096
32 years$37,343$26,106$17,851$11,985$7,929$3,594
33 years$35,817$24,723$16,668$11,021$7,176$3,155
34 years$34,384$23,431$15,574$10,140$6,497$2,770
35 years$33,035$22,224$14,560$9,335$5,884$2,432
36 years$31,765$21,094$13,621$8,597$5,332$2,136
37 years$30,565$20,035$12,749$7,921$4,832$1,877
38 years$29,432$19,040$11,939$7,301$4,381$1,649
39 years$28,360$18,105$11,185$6,732$3,973$1,449
40 years$27,343$17,226$10,484$6,209$3,603$1,273
41 years$26,379$16,397$9,831$5,729$3,269$1,119
42 years$25,463$15,616$9,221$5,287$2,966$983
43 years$24,592$14,879$8,653$4,880$2,692$864
44 years$23,763$14,183$8,122$4,506$2,444$760
45 years$22,973$13,525$7,627$4,162$2,218$668
46 years$22,219$12,902$7,163$3,844$2,014$587
47 years$21,500$12,312$6,730$3,552$1,829$516
48 years$20,813$11,754$6,324$3,282$1,661$454
49 years$20,156$11,224$5,944$3,033$1,509$399
50 years$19,527$10,722$5,588$2,803$1,370$351

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $20,000,000, adding $5,633 every year, while hoping to spend $23,465 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: 43/48/9 Blend
57$20,000,000$20,000,000$20,000,000$20,000,000
58$22,045,810$20,985,810$20,675,810$22,936,154
59$24,269,517$21,989,149$21,343,484$24,559,351
60$26,719,254$23,040,864$22,032,737$26,313,909
61$29,418,054$24,143,302$22,744,270$28,214,103
62$32,391,294$25,298,923$23,478,802$30,273,262
63$35,666,942$26,510,306$24,237,077$32,506,008
64$39,275,816$27,780,156$25,019,865$34,928,377
65$43,251,876$29,111,311$25,827,958$37,557,966
66$47,632,547$30,506,745$26,662,174$40,414,081
67$52,459,070$31,969,578$27,523,360$43,517,915
68$57,776,890$33,503,083$28,412,387$46,892,731
69$63,636,088$35,110,689$29,330,157$50,564,072
70$70,091,852$36,795,995$30,277,600$54,559,987
71$77,204,997$38,562,776$31,255,676$58,911,285
72$85,042,542$40,414,987$32,265,377$63,651,808
73$93,678,340$42,356,780$33,307,726$68,818,735
74$103,193,775$44,392,507$34,383,779$74,452,923
75$113,678,533$46,526,732$35,494,628$80,599,269
76$125,231,443$48,764,242$36,641,398$87,307,120
77$137,961,419$51,110,058$37,825,253$94,630,721
78$151,988,477$53,569,444$39,047,392$102,629,708
79$167,444,877$56,147,923$40,309,056$111,369,647
80$184,476,368$58,851,285$41,611,523$120,922,638
81$203,243,563$61,685,603$42,956,114$131,367,970
82$223,923,456$64,657,246$44,344,193$142,792,847
83$246,711,092$67,772,896$45,777,168$155,293,190
84$271,821,412$71,039,556$47,256,491$168,974,511
85$299,491,277$74,464,576$48,783,665$183,952,889
86$329,981,707$78,055,659$50,360,237$200,356,035
87$363,580,344$81,820,889$51,987,808$218,324,470
88$400,604,168$85,768,741$53,668,028$238,012,819
89$441,402,488$89,908,105$55,402,602$259,591,241
90$486,360,243$94,248,303$57,193,291$283,247,001
91$535,901,632$98,799,115$59,041,910$309,186,202
92$590,494,121$103,570,794$60,950,337$337,635,697
93$650,652,856$108,574,097$62,920,507$368,845,187
94$716,945,524$113,820,304$64,954,421$403,089,544
95$789,997,715$119,321,247$67,054,142$440,671,360
96$870,498,828$125,089,334$69,221,801$481,923,759
97$959,208,577$131,137,580$71,459,600$527,213,496
98$1,056,964,164$137,479,634$73,769,810$576,944,374
99$1,164,688,186$144,129,813$76,154,775$631,561,000
100$1,283,397,338$151,103,131$78,616,917$691,552,932