Can I retire at age 58 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,138,655
2 years$588,682$577,719$567,093$556,791$546,798$537,101
3 years$388,557$377,546$366,947$356,741$346,911$337,439
4 years$288,513$277,536$267,043$257,012$247,420$238,246
5 years$228,503$217,592$207,237$197,410$188,085$179,235
6 years$188,509$177,680$167,478$157,870$148,825$140,312
7 years$159,953$149,215$139,175$129,794$121,035$112,861
8 years$138,546$127,905$118,031$108,881$100,410$92,576
9 years$121,905$111,364$101,660$92,742$84,560$77,063
10 years$108,600$98,162$88,630$79,945$72,049$64,885
11 years$97,721$87,388$78,028$69,576$61,965$55,128
12 years$88,662$78,435$69,248$61,027$53,697$47,182
13 years$81,002$70,882$61,869$53,878$46,825$40,624
14 years$74,442$64,430$55,589$47,827$41,047$35,152
15 years$68,762$58,858$50,190$42,653$36,141$30,544
16 years$63,797$54,001$45,504$38,191$31,941$26,633
17 years$59,421$49,733$41,407$34,315$28,321$23,293
18 years$55,535$45,955$37,799$30,924$25,182$20,424
19 years$52,063$42,591$34,603$27,943$22,445$17,949
20 years$48,941$39,578$31,757$25,308$20,048$15,803
21 years$46,120$36,865$29,211$22,968$17,941$13,937
22 years$43,560$34,412$26,922$20,883$16,082$12,309
23 years$41,225$32,185$24,858$19,019$14,436$10,886
24 years$39,088$30,155$22,989$17,346$12,975$9,637
25 years$37,125$28,299$21,293$15,842$11,676$8,540
26 years$35,316$26,597$19,748$14,485$10,517$7,574
27 years$33,644$25,031$18,338$13,258$9,482$6,723
28 years$32,094$23,586$17,047$12,147$8,556$5,971
29 years$30,654$22,251$15,864$11,139$7,726$5,306
30 years$29,312$21,014$14,777$10,223$6,981$4,718
31 years$28,059$19,865$13,776$9,389$6,311$4,197
32 years$26,887$18,796$12,853$8,629$5,709$3,735
33 years$25,788$17,800$12,001$7,935$5,167$3,325
34 years$24,756$16,871$11,213$7,301$4,678$2,961
35 years$23,785$16,002$10,483$6,721$4,237$2,638
36 years$22,871$15,188$9,807$6,190$3,839$2,350
37 years$22,007$14,425$9,179$5,703$3,479$2,095
38 years$21,191$13,709$8,596$5,257$3,154$1,867
39 years$20,419$13,036$8,053$4,847$2,860$1,665
40 years$19,687$12,402$7,548$4,471$2,594$1,484
41 years$18,993$11,806$7,078$4,125$2,354$1,324
42 years$18,333$11,244$6,639$3,807$2,136$1,181
43 years$17,706$10,713$6,230$3,514$1,938$1,053
44 years$17,109$10,212$5,848$3,245$1,759$940
45 years$16,540$9,738$5,491$2,996$1,597$838
46 years$15,998$9,289$5,157$2,768$1,450$748
47 years$15,480$8,865$4,845$2,557$1,317$667
48 years$14,985$8,463$4,553$2,363$1,196$596
49 years$14,512$8,081$4,280$2,184$1,086$532
50 years$14,059$7,720$4,024$2,018$987$474

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,400,000, adding $3,660 every year, while hoping to spend $31,546 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: 72/22/6 Blend
57$14,400,000$14,400,000$14,400,000$14,400,000
58$15,872,575$15,109,375$14,886,175$17,003,644
59$17,458,013$15,816,170$15,351,297$18,456,770
60$19,204,109$16,556,540$15,830,944$20,042,889
61$21,127,215$17,332,098$16,325,568$21,778,507
62$23,245,354$18,144,534$16,835,637$23,678,343
63$25,578,382$18,995,618$17,361,633$25,758,591
64$28,148,182$19,887,208$17,904,053$28,037,073
65$30,978,867$20,821,252$18,463,409$30,533,403
66$34,097,008$21,799,790$19,040,230$33,269,167
67$37,531,886$22,824,963$19,635,061$36,268,125
68$41,315,767$23,899,015$20,248,464$39,556,430
69$45,484,206$25,024,297$20,881,018$43,162,874
70$50,076,384$26,203,277$21,533,321$47,119,151
71$55,135,477$27,438,539$22,205,989$51,460,151
72$60,709,063$28,732,795$22,899,658$56,224,293
73$66,849,573$30,088,887$23,614,982$61,453,872
74$73,614,783$31,509,796$24,352,637$67,195,460
75$81,068,360$32,998,646$25,113,320$73,500,338
76$89,280,466$34,558,713$25,897,749$80,424,976
77$98,328,416$36,193,431$26,706,665$88,031,556
78$108,297,408$37,906,403$27,540,833$96,388,560
79$119,281,332$39,701,405$28,401,039$105,571,400
80$131,383,650$41,582,396$29,288,096$115,663,134
81$144,718,376$43,553,528$30,202,841$126,755,236
82$159,411,153$45,619,153$31,146,139$138,948,452
83$175,600,435$47,783,836$32,118,879$152,353,747
84$193,438,799$50,052,364$33,121,981$167,093,343
85$213,094,380$52,429,753$34,156,391$183,301,863
86$234,752,462$54,921,266$35,223,085$201,127,593
87$258,617,225$57,532,421$36,323,071$220,733,874
88$284,913,675$60,269,002$37,457,387$242,300,634
89$313,889,764$63,137,077$38,627,103$266,026,075
90$345,818,734$66,143,008$39,833,325$292,128,534
91$381,001,692$69,293,463$41,077,189$320,848,533
92$419,770,461$72,595,438$42,359,870$352,451,039
93$462,490,701$76,056,268$43,682,579$387,227,952
94$509,565,371$79,683,643$45,046,564$425,500,846
95$561,438,527$83,485,630$46,453,112$467,623,995
96$618,599,515$87,470,685$47,903,550$513,987,701
97$681,587,594$91,647,676$49,399,247$565,021,963
98$750,997,020$96,025,904$50,941,614$621,200,525
99$827,482,664$100,615,122$52,532,106$683,045,326
100$911,766,189$105,425,555$54,172,224$751,131,416