Can I retire at age 58 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,102,429
2 years$572,330$561,671$551,341$541,325$531,609$517,572
3 years$377,763$367,058$356,754$346,832$337,275$323,587
4 years$280,499$269,827$259,625$249,873$240,547$227,315
5 years$222,156$211,547$201,480$191,926$182,860$170,121
6 years$183,273$172,744$162,826$153,485$144,691$132,460
7 years$155,510$145,070$135,309$126,189$117,673$105,955
8 years$134,698$124,352$114,753$105,856$97,621$86,416
9 years$118,519$108,271$98,837$90,166$82,211$71,513
10 years$105,583$95,436$86,168$77,724$70,048$59,850
11 years$95,006$84,961$75,861$67,643$60,243$50,537
12 years$86,199$76,256$67,325$59,332$52,206$42,979
13 years$78,752$68,913$60,150$52,381$45,524$36,766
14 years$72,375$62,640$54,045$46,498$39,906$31,604
15 years$66,852$57,223$48,795$41,468$35,137$27,276
16 years$62,025$52,501$44,240$37,130$31,054$23,621
17 years$57,770$48,351$40,257$33,361$27,535$20,514
18 years$53,993$44,679$36,749$30,065$24,482$17,860
19 years$50,616$41,408$33,642$27,167$21,822$15,582
20 years$47,582$38,478$30,875$24,605$19,492$13,619
21 years$44,839$35,841$28,399$22,330$17,443$11,922
22 years$42,350$33,456$26,174$20,303$15,635$10,450
23 years$40,080$31,291$24,167$18,491$14,035$9,171
24 years$38,003$29,318$22,351$16,865$12,615$8,057
25 years$36,094$27,513$20,701$15,402$11,351$7,084
26 years$34,335$25,858$19,199$14,082$10,225$6,234
27 years$32,710$24,335$17,828$12,890$9,219$5,489
28 years$31,203$22,931$16,574$11,810$8,318$4,836
29 years$29,803$21,633$15,423$10,830$7,511$4,263
30 years$28,498$20,430$14,366$9,939$6,787$3,760
31 years$27,280$19,313$13,393$9,128$6,136$3,317
32 years$26,140$18,274$12,496$8,389$5,550$2,928
33 years$25,072$17,306$11,668$7,715$5,023$2,585
34 years$24,069$16,402$10,902$7,098$4,548$2,283
35 years$23,125$15,557$10,192$6,534$4,119$2,017
36 years$22,235$14,766$9,535$6,018$3,732$1,782
37 years$21,396$14,024$8,924$5,545$3,383$1,574
38 years$20,602$13,328$8,357$5,111$3,067$1,392
39 years$19,852$12,674$7,830$4,712$2,781$1,230
40 years$19,140$12,058$7,339$4,346$2,522$1,088
41 years$18,465$11,478$6,881$4,010$2,288$962
42 years$17,824$10,931$6,455$3,701$2,076$850
43 years$17,214$10,415$6,057$3,416$1,885$752
44 years$16,634$9,928$5,686$3,154$1,711$665
45 years$16,081$9,467$5,339$2,913$1,553$588
46 years$15,554$9,031$5,014$2,691$1,410$520
47 years$15,050$8,619$4,711$2,486$1,280$460
48 years$14,569$8,228$4,427$2,297$1,163$407
49 years$14,109$7,857$4,161$2,123$1,056$360
50 years$13,669$7,505$3,912$1,962$959$319

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,000,000, adding $2,878 every year, while hoping to spend $24,014 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: 64/9/27 Blend
57$14,000,000$14,000,000$14,000,000$14,000,000
58$15,430,969$14,688,969$14,471,969$16,308,036
59$16,979,377$15,383,177$14,931,229$17,596,037
60$18,684,918$16,110,598$15,405,070$18,999,883
61$20,563,593$16,872,831$15,893,954$20,533,324
62$22,633,038$17,671,558$16,398,359$22,209,089
63$24,912,682$18,508,539$16,918,779$24,041,186
64$27,423,939$19,385,620$17,455,721$26,045,033
65$30,190,405$20,304,739$18,009,711$28,237,602
66$33,238,080$21,267,926$18,581,291$30,637,574
67$36,595,618$22,277,308$19,171,018$33,265,513
68$40,294,594$23,335,119$19,779,470$36,144,061
69$44,369,801$24,443,698$20,407,241$39,298,145
70$48,859,582$25,605,501$21,054,944$42,755,208
71$53,806,189$26,823,099$21,723,214$46,545,470
72$59,256,181$28,099,192$22,412,703$50,702,208
73$65,260,868$29,436,610$23,124,085$55,262,061
74$71,876,791$30,838,318$23,858,056$60,265,384
75$79,166,257$32,307,428$24,615,334$65,756,612
76$87,197,926$33,847,203$25,396,658$71,784,686
77$96,047,461$35,461,063$26,202,794$78,403,507
78$105,798,243$37,152,596$27,034,528$85,672,438
79$116,542,153$38,925,563$27,892,674$93,656,864
80$128,380,446$40,783,908$28,778,072$102,428,805
81$141,424,701$42,731,769$29,691,587$112,067,588
82$155,797,878$44,773,483$30,634,112$122,660,593
83$171,635,476$46,913,598$31,606,569$134,304,071
84$189,086,815$49,156,885$32,609,910$147,104,051
85$208,316,442$51,508,345$33,645,115$161,177,330
86$229,505,690$53,973,224$34,713,196$176,652,576
87$252,854,381$56,557,022$35,815,199$193,671,532
88$278,582,720$59,265,509$36,952,200$212,390,349
89$306,933,372$62,104,733$38,125,313$232,981,055
90$338,173,749$65,081,039$39,335,685$255,633,170
91$372,598,540$68,201,078$40,584,499$280,555,491
92$410,532,488$71,471,828$41,872,976$307,978,051
93$452,333,459$74,900,605$43,202,378$338,154,290
94$498,395,819$78,495,081$44,574,005$371,363,433
95$549,154,156$82,263,304$45,989,198$407,913,122
96$605,087,386$86,213,712$47,449,342$448,142,307
97$666,723,269$90,355,154$48,955,865$492,424,444
98$734,643,398$94,696,911$50,510,242$541,171,005
99$809,488,681$99,248,717$52,113,992$594,835,353
100$891,965,401$104,020,778$53,768,685$653,917,017