Can I retire at age 58 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,113,188
2 years$584,594$573,707$563,155$552,924$543,001$515,842
3 years$385,858$374,924$364,399$354,264$344,502$318,148
4 years$286,510$275,609$265,189$255,227$245,702$220,355
5 years$226,916$216,081$205,797$196,039$186,779$162,510
6 years$187,200$176,446$166,315$156,774$147,792$124,625
7 years$158,843$148,179$138,208$128,893$120,194$98,134
8 years$137,584$127,017$117,212$108,125$99,713$78,749
9 years$121,058$110,591$100,954$92,098$83,972$64,089
10 years$107,846$97,481$88,014$79,390$71,549$52,724
11 years$97,042$86,781$77,486$69,093$61,534$43,741
12 years$88,046$77,890$68,767$60,604$53,324$36,533
13 years$80,440$70,390$61,439$53,504$46,500$30,679
14 years$73,925$63,982$55,203$47,495$40,761$25,877
15 years$68,285$58,449$49,841$42,357$35,890$21,907
16 years$63,354$53,626$45,188$37,926$31,719$18,602
17 years$59,008$49,388$41,120$34,076$28,125$15,835
18 years$55,150$45,636$37,537$30,710$25,007$13,509
19 years$51,701$42,295$34,363$27,749$22,289$11,544
20 years$48,601$39,303$31,537$25,132$19,909$9,881
21 years$45,800$36,609$29,008$22,809$17,817$8,468
22 years$43,257$34,173$26,735$20,738$15,970$7,265
23 years$40,939$31,961$24,685$18,887$14,336$6,238
24 years$38,817$29,946$22,830$17,226$12,885$5,361
25 years$36,868$28,103$21,145$15,732$11,595$4,611
26 years$35,071$26,412$19,611$14,384$10,444$3,967
27 years$33,411$24,857$18,210$13,166$9,416$3,415
28 years$31,872$23,422$16,929$12,063$8,496$2,942
29 years$30,441$22,096$15,754$11,062$7,672$2,534
30 years$29,109$20,868$14,674$10,152$6,932$2,184
31 years$27,864$19,727$13,680$9,324$6,267$1,883
32 years$26,700$18,666$12,764$8,569$5,669$1,624
33 years$25,609$17,677$11,918$7,880$5,131$1,401
34 years$24,584$16,753$11,135$7,250$4,645$1,208
35 years$23,620$15,890$10,411$6,674$4,207$1,042
36 years$22,712$15,082$9,739$6,147$3,812$899
37 years$21,854$14,325$9,115$5,663$3,455$776
38 years$21,044$13,614$8,536$5,220$3,132$670
39 years$20,277$12,945$7,997$4,813$2,840$578
40 years$19,550$12,316$7,496$4,440$2,576$499
41 years$18,861$11,724$7,029$4,096$2,337$431
42 years$18,206$11,165$6,593$3,780$2,121$372
43 years$17,583$10,638$6,187$3,490$1,925$321
44 years$16,990$10,141$5,808$3,222$1,747$277
45 years$16,426$9,670$5,453$2,976$1,586$239
46 years$15,887$9,225$5,122$2,749$1,440$207
47 years$15,373$8,803$4,812$2,539$1,308$178
48 years$14,881$8,404$4,522$2,346$1,188$154
49 years$14,411$8,025$4,250$2,169$1,079$133
50 years$13,962$7,666$3,996$2,004$980$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,300,000, adding $4,910 every year, while hoping to spend $29,898 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: 56/22/22 Blend
57$14,300,000$14,300,000$14,300,000$14,300,000
58$15,763,665$15,005,765$14,784,115$16,552,186
59$17,339,747$15,709,236$15,247,571$17,795,317
60$19,075,588$16,446,175$15,725,552$19,145,364
61$20,987,451$17,218,191$16,218,511$20,615,540
62$23,093,258$18,026,969$16,726,918$22,217,403
63$25,412,758$18,874,278$17,251,257$23,963,656
64$27,967,712$19,761,970$17,792,026$25,868,271
65$30,782,101$20,691,989$18,349,742$27,946,612
66$33,882,351$21,666,372$18,924,934$30,215,579
67$37,297,581$22,687,255$19,518,150$32,693,758
68$41,059,881$23,756,877$20,129,954$35,401,599
69$45,204,610$24,877,586$20,760,929$38,361,596
70$49,770,736$26,051,843$21,411,676$41,598,501
71$54,801,197$27,282,229$22,082,813$45,139,550
72$60,343,310$28,571,450$22,774,979$49,014,713
73$66,449,220$29,922,343$23,488,833$53,256,973
74$73,176,386$31,337,883$24,225,054$57,902,631
75$80,588,127$32,821,189$24,984,343$62,991,642
76$88,754,220$34,375,531$25,767,422$68,567,985
77$97,751,557$36,004,339$26,575,037$74,680,073
78$107,664,871$37,711,206$27,407,956$81,381,200
79$118,587,536$39,499,904$28,266,971$88,730,042
80$130,622,450$41,374,384$29,152,900$96,791,194
81$143,883,003$43,338,793$30,066,585$105,635,782
82$158,494,150$45,397,474$31,008,897$115,342,119
83$174,593,590$47,554,986$31,980,731$125,996,435
84$192,333,062$49,816,107$32,983,012$137,693,687
85$211,879,785$52,185,847$34,016,693$150,538,441
86$233,418,030$54,669,460$35,082,759$164,645,851
87$257,150,860$57,272,455$36,182,223$180,142,734
88$283,302,051$60,000,608$37,316,130$197,168,757
89$312,118,201$62,859,978$38,485,561$215,877,743
90$343,871,056$65,856,917$39,691,626$236,439,113
91$378,860,083$68,998,084$40,935,474$259,039,471
92$417,415,286$72,290,465$42,218,288$283,884,350
93$459,900,332$75,741,385$43,541,287$311,200,145
94$506,715,976$79,358,523$44,905,730$341,236,229
95$558,303,849$83,149,934$46,312,916$374,267,294
96$615,150,624$87,124,063$47,764,181$410,595,930
97$677,792,614$91,289,768$49,260,907$450,555,464
98$746,820,830$95,656,337$50,804,517$494,513,089
99$822,886,566$100,233,508$52,396,480$542,873,313
100$906,707,542$105,031,496$54,038,308$596,081,756