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%12.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,575,552
2 years$817,615$802,387$787,630$773,321$759,442$740,043
3 years$539,662$524,369$509,648$495,474$481,821$462,902
4 years$400,713$385,467$370,894$356,961$343,639$325,345
5 years$317,365$302,211$287,829$274,180$261,229$243,614
6 years$261,818$246,778$232,608$219,264$206,701$189,786
7 years$222,157$207,243$193,299$180,269$168,104$151,895
8 years$192,425$177,646$163,933$151,223$139,458$123,955
9 years$169,313$154,673$141,195$128,809$117,444$102,639
10 years$150,833$136,336$123,097$111,034$100,068$85,952
11 years$135,724$121,372$108,373$96,633$86,062$72,622
12 years$123,141$108,937$96,178$84,760$74,579$61,801
13 years$112,503$98,447$85,929$74,831$65,035$52,902
14 years$103,392$89,486$77,207$66,426$57,009$45,504
15 years$95,503$81,747$69,708$59,241$50,195$39,299
16 years$88,608$75,001$63,201$53,044$44,363$34,056
17 years$82,529$69,073$57,510$47,659$39,335$29,598
18 years$77,132$63,827$52,499$42,951$34,975$25,787
19 years$72,309$59,154$48,060$38,809$31,174$22,515
20 years$67,974$54,969$44,107$35,149$27,845$19,693
21 years$64,056$51,201$40,570$31,900$24,918$17,252
22 years$60,500$47,795$37,392$29,005$22,336$15,134
23 years$57,257$44,701$34,525$26,415$20,050$13,291
24 years$54,289$41,882$31,930$24,092$18,021$11,685
25 years$51,563$39,304$29,573$22,002$16,216$10,283
26 years$49,051$36,940$27,428$20,118$14,607$9,055
27 years$46,728$34,765$25,469$18,414$13,170$7,980
28 years$44,576$32,759$23,677$16,871$11,883$7,037
29 years$42,575$30,904$22,033$15,471$10,730$6,208
30 years$40,711$29,186$20,523$14,199$9,695$5,480
31 years$38,971$27,590$19,133$13,041$8,766$4,839
32 years$37,343$26,106$17,851$11,985$7,929$4,274
33 years$35,817$24,723$16,668$11,021$7,176$3,777
34 years$34,384$23,431$15,574$10,140$6,497$3,338
35 years$33,035$22,224$14,560$9,335$5,884$2,951
36 years$31,765$21,094$13,621$8,597$5,332$2,610
37 years$30,565$20,035$12,749$7,921$4,832$2,308
38 years$29,432$19,040$11,939$7,301$4,381$2,042
39 years$28,360$18,105$11,185$6,732$3,973$1,806
40 years$27,343$17,226$10,484$6,209$3,603$1,598
41 years$26,379$16,397$9,831$5,729$3,269$1,414
42 years$25,463$15,616$9,221$5,287$2,966$1,252
43 years$24,592$14,879$8,653$4,880$2,692$1,108
44 years$23,763$14,183$8,122$4,506$2,444$981
45 years$22,973$13,525$7,627$4,162$2,218$868
46 years$22,219$12,902$7,163$3,844$2,014$769
47 years$21,500$12,312$6,730$3,552$1,829$681
48 years$20,813$11,754$6,324$3,282$1,661$603
49 years$20,156$11,224$5,944$3,033$1,509$534
50 years$19,527$10,722$5,588$2,803$1,370$472

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 $5,062 every year, while hoping to spend $27,719 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: 40/38/22 Blend
57$20,000,000$20,000,000$20,000,000$20,000,000
58$22,045,221$20,985,221$20,675,221$22,783,239
59$24,264,341$21,984,005$21,338,349$24,312,656
60$26,708,882$23,030,799$22,022,761$25,963,159
61$29,401,808$24,127,928$22,729,144$27,748,213
62$32,368,424$25,277,828$23,458,202$29,680,102
63$35,636,615$26,483,053$24,210,663$31,772,303
64$39,237,110$27,746,283$24,987,280$34,039,599
65$43,203,770$29,070,326$25,788,830$36,498,214
66$47,573,911$30,458,128$26,616,111$39,165,952
67$52,388,652$31,912,778$27,469,953$42,062,357
68$57,693,306$33,437,516$28,351,208$45,208,890
69$63,537,806$35,035,737$29,260,756$48,629,115
70$69,977,178$36,711,004$30,199,508$52,348,914
71$77,072,060$38,467,053$31,168,401$56,396,718
72$84,889,272$40,307,801$32,168,404$60,803,765
73$93,502,449$42,237,354$33,200,517$65,604,376
74$102,992,736$44,260,022$34,265,772$70,836,273
75$113,449,553$46,380,320$35,365,233$76,540,915
76$124,971,439$48,602,988$36,500,000$82,763,876
77$137,666,984$50,932,992$37,671,208$89,555,261
78$151,655,850$53,375,543$38,880,028$96,970,161
79$167,069,906$55,936,104$40,127,668$105,069,155
80$184,054,469$58,620,406$41,415,377$113,918,869
81$202,769,675$61,434,456$42,744,442$123,592,577
82$223,391,994$64,384,556$44,116,193$134,170,882
83$246,115,894$67,477,316$45,532,002$145,742,452
84$271,155,676$70,719,665$46,993,285$158,404,835
85$298,747,498$74,118,872$48,501,503$172,265,361
86$329,151,606$77,682,559$50,058,166$187,442,126
87$362,654,786$81,418,721$51,664,831$204,065,087
88$399,573,076$85,335,741$53,323,106$222,277,262
89$440,254,749$89,442,411$55,034,648$242,236,050
90$485,083,596$93,747,952$56,801,172$264,114,692
91$534,482,556$98,262,035$58,624,445$288,103,877
92$588,917,704$102,994,802$60,506,290$314,413,509
93$648,902,651$107,956,889$62,448,593$343,274,654
94$715,003,397$113,159,451$64,453,296$374,941,696
95$787,843,667$118,614,188$66,522,405$409,694,692
96$868,110,808$124,333,370$68,657,992$447,841,986
97$956,562,270$130,329,865$70,862,195$489,723,078
98$1,054,032,763$136,617,170$73,137,220$535,711,791
99$1,161,442,132$143,209,438$75,485,344$586,219,751
100$1,279,804,044$150,121,515$77,908,917$641,700,237