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%16.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,555,011
2 years$817,615$802,387$787,630$773,321$759,442$719,580
3 years$539,662$524,369$509,648$495,474$481,821$443,159
4 years$400,713$385,467$370,894$356,961$343,639$306,475
5 years$317,365$302,211$287,829$274,180$261,229$225,667
6 years$261,818$246,778$232,608$219,264$206,701$172,776
7 years$222,157$207,243$193,299$180,269$168,104$135,819
8 years$192,425$177,646$163,933$151,223$139,458$108,799
9 years$169,313$154,673$141,195$128,809$117,444$88,385
10 years$150,833$136,336$123,097$111,034$100,068$72,575
11 years$135,724$121,372$108,373$96,633$86,062$60,095
12 years$123,141$108,937$96,178$84,760$74,579$50,094
13 years$112,503$98,447$85,929$74,831$65,035$41,983
14 years$103,392$89,486$77,207$66,426$57,009$35,339
15 years$95,503$81,747$69,708$59,241$50,195$29,854
16 years$88,608$75,001$63,201$53,044$44,363$25,296
17 years$82,529$69,073$57,510$47,659$39,335$21,487
18 years$77,132$63,827$52,499$42,951$34,975$18,289
19 years$72,309$59,154$48,060$38,809$31,174$15,595
20 years$67,974$54,969$44,107$35,149$27,845$13,318
21 years$64,056$51,201$40,570$31,900$24,918$11,387
22 years$60,500$47,795$37,392$29,005$22,336$9,746
23 years$57,257$44,701$34,525$26,415$20,050$8,350
24 years$54,289$41,882$31,930$24,092$18,021$7,159
25 years$51,563$39,304$29,573$22,002$16,216$6,142
26 years$49,051$36,940$27,428$20,118$14,607$5,272
27 years$46,728$34,765$25,469$18,414$13,170$4,528
28 years$44,576$32,759$23,677$16,871$11,883$3,890
29 years$42,575$30,904$22,033$15,471$10,730$3,343
30 years$40,711$29,186$20,523$14,199$9,695$2,874
31 years$38,971$27,590$19,133$13,041$8,766$2,472
32 years$37,343$26,106$17,851$11,985$7,929$2,126
33 years$35,817$24,723$16,668$11,021$7,176$1,829
34 years$34,384$23,431$15,574$10,140$6,497$1,574
35 years$33,035$22,224$14,560$9,335$5,884$1,354
36 years$31,765$21,094$13,621$8,597$5,332$1,166
37 years$30,565$20,035$12,749$7,921$4,832$1,003
38 years$29,432$19,040$11,939$7,301$4,381$864
39 years$28,360$18,105$11,185$6,732$3,973$744
40 years$27,343$17,226$10,484$6,209$3,603$640
41 years$26,379$16,397$9,831$5,729$3,269$551
42 years$25,463$15,616$9,221$5,287$2,966$475
43 years$24,592$14,879$8,653$4,880$2,692$409
44 years$23,763$14,183$8,122$4,506$2,444$352
45 years$22,973$13,525$7,627$4,162$2,218$303
46 years$22,219$12,902$7,163$3,844$2,014$261
47 years$21,500$12,312$6,730$3,552$1,829$225
48 years$20,813$11,754$6,324$3,282$1,661$194
49 years$20,156$11,224$5,944$3,033$1,509$167
50 years$19,527$10,722$5,588$2,803$1,370$144

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 $4,002 every year, while hoping to spend $30,305 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: 62/8/30 Blend
57$20,000,000$20,000,000$20,000,000$20,000,000
58$22,044,128$20,984,128$20,674,128$23,232,113
59$24,260,385$21,980,106$21,334,467$25,037,477
60$26,701,684$23,023,871$22,015,912$27,004,423
61$29,390,948$24,117,733$22,719,137$29,151,749
62$32,353,437$25,264,114$23,444,840$31,497,131
63$35,616,984$26,465,552$24,193,739$34,060,024
64$39,212,263$27,724,711$24,966,576$36,861,839
65$43,173,075$29,044,383$25,764,117$39,926,140
66$47,536,667$30,427,496$26,587,153$43,278,867
67$52,344,082$31,877,119$27,436,498$46,948,575
68$57,640,552$33,396,471$28,312,995$50,966,698
69$63,475,920$34,988,929$29,217,511$55,367,843
70$69,905,110$36,658,033$30,150,944$60,190,111
71$76,988,649$38,407,494$31,114,218$65,475,457
72$84,793,235$40,241,205$32,108,288$71,270,072
73$93,392,368$42,163,248$33,134,140$77,624,825
74$102,867,046$44,177,903$34,192,789$84,595,728
75$113,306,523$46,289,659$35,285,286$92,244,469
76$124,809,158$48,503,222$36,412,713$100,638,979
77$137,483,342$50,823,530$37,576,189$109,854,077
78$151,448,517$53,255,757$38,776,865$119,972,163
79$166,836,309$55,805,332$40,015,934$131,083,993
80$183,791,767$58,477,948$41,294,622$143,289,529
81$202,474,734$61,279,574$42,614,198$156,698,877
82$223,061,354$64,216,471$43,975,971$171,433,316
83$245,745,736$67,295,202$45,381,291$187,626,440
84$270,741,788$70,522,653$46,831,550$205,425,408
85$298,285,231$73,906,044$48,328,188$224,992,327
86$328,635,830$77,452,946$49,872,688$246,505,774
87$362,079,844$81,171,299$51,466,582$270,162,475
88$398,932,727$85,069,432$53,111,452$296,179,149
89$439,542,107$89,156,076$54,808,927$324,794,548
90$484,291,069$93,440,391$56,560,693$356,271,702
91$533,601,768$97,931,980$58,368,487$390,900,390
92$587,939,419$102,640,917$60,234,101$428,999,865
93$647,816,683$107,577,766$62,159,387$470,921,861
94$713,798,513$112,753,604$64,146,254$517,053,896
95$786,507,482$118,180,051$66,196,674$567,822,924
96$866,629,663$123,869,293$68,312,682$623,699,352
97$954,921,108$129,834,107$70,496,375$685,201,467
98$1,052,214,979$136,087,896$72,749,922$752,900,317
99$1,159,429,420$142,644,716$75,075,558$827,425,086
100$1,277,576,223$149,519,309$77,475,591$909,469,025