Can I retire at age 58 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,110,374
2 years$580,506$569,695$559,217$549,058$539,204$517,175
3 years$383,160$372,302$361,850$351,787$342,093$320,676
4 years$284,506$273,681$263,334$253,443$243,984$223,343
5 years$225,329$214,569$204,358$194,668$185,472$165,667
6 years$185,891$175,212$165,152$155,678$146,758$127,810
7 years$157,732$147,143$137,242$127,991$119,354$101,267
8 years$136,622$126,129$116,392$107,369$99,015$81,786
9 years$120,212$109,818$100,248$91,454$83,385$67,001
10 years$107,092$96,799$87,399$78,834$71,048$55,495
11 years$96,364$86,174$76,945$68,610$61,104$46,363
12 years$87,430$77,345$68,286$60,180$52,951$39,001
13 years$79,877$69,898$61,009$53,130$46,175$32,992
14 years$73,408$63,535$54,817$47,163$40,476$28,038
15 years$67,807$58,040$49,493$42,061$35,639$23,918
16 years$62,911$53,251$44,872$37,661$31,498$20,468
17 years$58,596$49,042$40,832$33,838$27,928$17,563
18 years$54,764$45,317$37,274$30,495$24,832$15,104
19 years$51,339$41,999$34,123$27,555$22,133$13,014
20 years$48,261$39,028$31,316$24,956$19,770$11,231
21 years$45,480$36,353$28,805$22,649$17,692$9,706
22 years$42,955$33,934$26,548$20,593$15,858$8,398
23 years$40,653$31,738$24,513$18,755$14,235$7,274
24 years$38,545$29,736$22,670$17,105$12,795$6,306
25 years$36,610$27,906$20,997$15,622$11,514$5,470
26 years$34,826$26,227$19,474$14,284$10,371$4,749
27 years$33,177$24,683$18,083$13,074$9,350$4,125
28 years$31,649$23,259$16,810$11,979$8,437$3,585
29 years$30,228$21,942$15,644$10,985$7,618$3,116
30 years$28,905$20,722$14,571$10,081$6,884$2,710
31 years$27,670$19,589$13,584$9,259$6,224$2,358
32 years$26,514$18,535$12,675$8,509$5,630$2,052
33 years$25,430$17,553$11,834$7,825$5,095$1,786
34 years$24,412$16,636$11,057$7,200$4,613$1,555
35 years$23,455$15,779$10,338$6,628$4,178$1,354
36 years$22,553$14,977$9,671$6,104$3,785$1,179
37 years$21,701$14,225$9,052$5,624$3,431$1,027
38 years$20,897$13,518$8,476$5,184$3,110$895
39 years$20,135$12,855$7,942$4,780$2,821$780
40 years$19,414$12,230$7,444$4,408$2,558$679
41 years$18,729$11,642$6,980$4,067$2,321$592
42 years$18,079$11,087$6,547$3,754$2,106$516
43 years$17,460$10,564$6,144$3,465$1,911$450
44 years$16,872$10,070$5,767$3,199$1,735$392
45 years$16,311$9,602$5,415$2,955$1,575$341
46 years$15,776$9,160$5,086$2,729$1,430$298
47 years$15,265$8,742$4,778$2,522$1,299$259
48 years$14,777$8,345$4,490$2,330$1,179$226
49 years$14,311$7,969$4,220$2,153$1,071$197
50 years$13,864$7,612$3,968$1,990$973$172

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,200,000, adding $5,629 every year, while hoping to spend $29,441 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: 65/30/5 Blend
57$14,200,000$14,200,000$14,200,000$14,200,000
58$15,654,206$14,901,606$14,681,506$16,660,830
59$17,219,610$15,600,460$15,142,012$18,028,925
60$18,943,699$16,332,571$15,616,957$19,518,909
61$20,842,627$17,099,537$16,106,796$21,145,872
62$22,934,195$17,903,035$16,611,994$22,923,116
63$25,238,021$18,744,821$17,133,034$24,865,271
64$27,775,719$19,626,738$17,670,411$26,988,425
65$30,571,111$20,550,717$18,224,638$29,310,275
66$33,650,444$21,518,782$18,796,243$31,850,287
67$37,042,643$22,533,056$19,385,771$34,629,877
68$40,779,582$23,595,765$19,993,783$37,672,604
69$44,896,384$24,709,242$20,620,860$41,004,393
70$49,431,754$25,875,934$21,267,598$44,653,768
71$54,428,344$27,098,406$21,934,614$48,652,120
72$59,933,155$28,379,347$22,622,543$53,033,995
73$65,997,980$29,721,578$23,332,041$57,837,415
74$72,679,893$31,128,055$24,063,784$63,104,227
75$80,041,791$32,601,878$24,818,469$68,880,494
76$88,152,981$34,146,298$25,596,815$75,216,924
77$97,089,841$35,764,723$26,399,565$82,169,335
78$106,936,537$37,460,725$27,227,482$89,799,180
79$117,785,816$39,238,054$28,081,355$98,174,115
80$129,739,887$41,100,636$28,961,998$107,368,630
81$142,911,381$43,052,593$29,870,250$117,464,742
82$157,424,415$45,098,243$30,806,977$128,552,761
83$173,415,765$47,242,116$31,773,070$140,732,131
84$191,036,155$49,488,962$32,769,450$154,112,359
85$210,451,683$51,843,761$33,797,067$168,814,036
86$231,845,384$54,311,735$34,856,898$184,969,965
87$255,418,963$56,898,360$35,949,954$202,726,403
88$281,394,696$59,609,379$37,077,276$222,244,427
89$310,017,528$62,450,811$38,239,938$243,701,441
90$341,557,387$65,428,972$39,439,047$267,292,840
91$376,311,731$68,550,482$40,675,746$293,233,836
92$414,608,356$71,822,284$41,951,211$321,761,474
93$456,808,491$75,251,658$43,266,659$353,136,857
94$503,310,207$78,846,239$44,623,342$387,647,592
95$554,552,176$82,614,033$46,022,553$425,610,485
96$611,017,813$86,563,436$47,465,623$467,374,517
97$673,239,836$90,703,250$48,953,927$513,324,117
98$741,805,298$95,042,709$50,488,883$563,882,770
99$817,361,131$99,591,494$52,071,953$619,516,994
100$900,620,247$104,359,757$53,704,644$680,740,722