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

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 $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%18.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,537,631
2 years$817,615$802,387$787,630$773,321$759,442$702,435
3 years$539,662$524,369$509,648$495,474$481,821$426,797
4 years$400,713$385,467$370,894$356,961$343,639$291,018
5 years$317,365$302,211$287,829$274,180$261,229$211,148
6 years$261,818$246,778$232,608$219,264$206,701$159,198
7 years$222,157$207,243$193,299$180,269$168,104$123,168
8 years$192,425$177,646$163,933$151,223$139,458$97,051
9 years$169,313$154,673$141,195$128,809$117,444$77,509
10 years$150,833$136,336$123,097$111,034$100,068$62,537
11 years$135,724$121,372$108,373$96,633$86,062$50,857
12 years$123,141$108,937$96,178$84,760$74,579$41,615
13 years$112,503$98,447$85,929$74,831$65,035$34,221
14 years$103,392$89,486$77,207$66,426$57,009$28,253
15 years$95,503$81,747$69,708$59,241$50,195$23,400
16 years$88,608$75,001$63,201$53,044$44,363$19,432
17 years$82,529$69,073$57,510$47,659$39,335$16,171
18 years$77,132$63,827$52,499$42,951$34,975$13,481
19 years$72,309$59,154$48,060$38,809$31,174$11,255
20 years$67,974$54,969$44,107$35,149$27,845$9,408
21 years$64,056$51,201$40,570$31,900$24,918$7,872
22 years$60,500$47,795$37,392$29,005$22,336$6,593
23 years$57,257$44,701$34,525$26,415$20,050$5,525
24 years$54,289$41,882$31,930$24,092$18,021$4,633
25 years$51,563$39,304$29,573$22,002$16,216$3,886
26 years$49,051$36,940$27,428$20,118$14,607$3,262
27 years$46,728$34,765$25,469$18,414$13,170$2,738
28 years$44,576$32,759$23,677$16,871$11,883$2,300
29 years$42,575$30,904$22,033$15,471$10,730$1,932
30 years$40,711$29,186$20,523$14,199$9,695$1,623
31 years$38,971$27,590$19,133$13,041$8,766$1,364
32 years$37,343$26,106$17,851$11,985$7,929$1,146
33 years$35,817$24,723$16,668$11,021$7,176$963
34 years$34,384$23,431$15,574$10,140$6,497$810
35 years$33,035$22,224$14,560$9,335$5,884$681
36 years$31,765$21,094$13,621$8,597$5,332$572
37 years$30,565$20,035$12,749$7,921$4,832$481
38 years$29,432$19,040$11,939$7,301$4,381$405
39 years$28,360$18,105$11,185$6,732$3,973$340
40 years$27,343$17,226$10,484$6,209$3,603$286
41 years$26,379$16,397$9,831$5,729$3,269$241
42 years$25,463$15,616$9,221$5,287$2,966$202
43 years$24,592$14,879$8,653$4,880$2,692$170
44 years$23,763$14,183$8,122$4,506$2,444$143
45 years$22,973$13,525$7,627$4,162$2,218$120
46 years$22,219$12,902$7,163$3,844$2,014$101
47 years$21,500$12,312$6,730$3,552$1,829$85
48 years$20,813$11,754$6,324$3,282$1,661$72
49 years$20,156$11,224$5,944$3,033$1,509$60
50 years$19,527$10,722$5,588$2,803$1,370$51

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 $5,602 every year, while hoping to spend $45,229 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: 79/15/6 Blend
57$20,000,000$20,000,000$20,000,000$20,000,000
58$22,045,778$20,985,778$20,675,778$23,776,311
59$24,246,325$21,965,958$21,320,294$25,891,108
60$26,669,810$22,992,651$21,984,884$28,203,844
61$29,338,928$24,068,088$22,670,175$30,739,381
62$32,278,683$25,194,609$23,376,810$33,519,894
63$35,516,630$26,374,665$24,105,454$36,569,800
64$39,083,130$27,610,828$24,856,791$39,915,979
65$43,011,644$28,905,793$25,631,528$43,588,028
66$47,339,040$30,262,385$26,430,393$47,618,534
67$52,105,947$31,683,567$27,254,136$52,043,381
68$57,357,136$33,172,444$28,103,532$56,902,081
69$63,141,942$34,732,272$28,979,378$62,238,148
70$69,514,731$36,366,465$29,882,499$68,099,500
71$76,535,413$38,078,601$30,813,741$74,538,907
72$84,270,005$39,872,432$31,773,981$81,614,490
73$92,791,256$41,751,892$32,764,120$89,390,256
74$102,179,335$43,721,105$33,785,089$97,936,707
75$112,522,584$45,784,397$34,837,847$107,331,490
76$123,918,355$47,946,299$35,923,382$117,660,134
77$136,473,926$50,211,567$37,042,714$129,016,843
78$150,307,516$52,585,183$38,196,895$141,505,388
79$165,549,400$55,072,374$39,387,008$155,240,071
80$182,343,137$57,678,619$40,614,171$170,346,805
81$200,846,928$60,409,662$41,879,537$186,964,292
82$221,235,106$63,271,527$43,184,293$205,245,325
83$243,699,786$66,270,531$44,529,665$225,358,223
84$268,452,671$69,413,294$45,916,916$247,488,414
85$295,727,059$72,706,761$47,347,348$271,840,175
86$325,780,040$76,158,213$48,822,305$298,638,552
87$358,894,922$79,775,283$50,343,171$328,131,476
88$395,383,910$83,565,978$51,911,373$360,592,094
89$435,591,048$87,538,691$53,528,383$396,321,337
90$479,895,471$91,702,223$55,195,720$435,650,751
91$528,714,980$96,065,803$56,914,948$478,945,614
92$582,509,990$100,639,109$58,687,680$526,608,379
93$641,787,872$105,432,288$60,515,581$579,082,452
94$707,107,747$110,455,982$62,400,365$636,856,373
95$779,085,761$115,721,349$64,343,800$700,468,414
96$858,400,902$121,240,089$66,347,712$770,511,642
97$945,801,412$127,024,471$68,413,978$847,639,510
98$1,042,111,849$133,087,363$70,544,538$932,572,004
99$1,148,240,868$139,442,254$72,741,391$1,026,102,432
100$1,265,189,806$146,103,294$75,006,598$1,129,104,891