Can I retire at age 58 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,123,743
2 years$592,771$581,731$571,031$560,658$550,595$518,093
3 years$391,255$380,167$369,495$359,219$349,320$317,840
4 years$290,517$279,463$268,898$258,797$249,138$218,922
5 years$230,090$219,103$208,676$198,781$189,391$160,522
6 years$189,818$178,914$168,641$158,967$149,859$122,363
7 years$161,064$150,252$140,141$130,695$121,875$95,754
8 years$139,508$128,793$118,851$109,637$101,107$76,346
9 years$122,752$112,138$102,366$93,386$85,147$61,722
10 years$109,354$98,844$89,245$80,500$72,549$50,430
11 years$98,400$87,995$78,570$70,059$62,395$41,544
12 years$89,277$78,980$69,729$61,451$54,070$34,449
13 years$81,565$71,374$62,298$54,252$47,150$28,716
14 years$74,959$64,877$55,975$48,159$41,332$24,039
15 years$69,240$59,267$50,538$42,949$36,392$20,194
16 years$64,240$54,376$45,820$38,457$32,163$17,013
17 years$59,834$50,078$41,695$34,553$28,518$14,367
18 years$55,921$46,275$38,062$31,139$25,357$12,157
19 years$52,424$42,887$34,844$28,137$22,601$10,304
20 years$49,281$39,852$31,978$25,483$20,188$8,746
21 years$46,441$37,121$29,413$23,128$18,066$7,432
22 years$43,862$34,651$27,109$21,028$16,193$6,322
23 years$41,511$32,408$25,030$19,151$14,536$5,382
24 years$39,360$30,365$23,149$17,467$13,065$4,585
25 years$37,383$28,496$21,441$15,952$11,757$3,909
26 years$35,562$26,781$19,885$14,585$10,590$3,334
27 years$33,878$25,204$18,465$13,350$9,548$2,845
28 years$32,317$23,750$17,166$12,232$8,615$2,428
29 years$30,867$22,405$15,974$11,217$7,779$2,073
30 years$29,516$21,160$14,879$10,294$7,029$1,771
31 years$28,254$20,003$13,871$9,454$6,355$1,513
32 years$27,074$18,927$12,942$8,689$5,749$1,293
33 years$25,967$17,924$12,084$7,990$5,202$1,105
34 years$24,928$16,988$11,291$7,352$4,710$944
35 years$23,951$16,113$10,556$6,768$4,266$807
36 years$23,029$15,293$9,875$6,233$3,865$690
37 years$22,160$14,525$9,243$5,743$3,503$590
38 years$21,338$13,804$8,656$5,293$3,176$504
39 years$20,561$13,126$8,109$4,881$2,880$431
40 years$19,824$12,489$7,601$4,502$2,612$369
41 years$19,125$11,888$7,127$4,153$2,370$315
42 years$18,461$11,322$6,686$3,833$2,151$270
43 years$17,829$10,787$6,273$3,538$1,952$231
44 years$17,228$10,282$5,889$3,267$1,772$197
45 years$16,655$9,805$5,529$3,017$1,608$169
46 years$16,109$9,354$5,193$2,787$1,460$144
47 years$15,588$8,926$4,879$2,575$1,326$123
48 years$15,089$8,521$4,585$2,379$1,204$106
49 years$14,613$8,138$4,310$2,199$1,094$90
50 years$14,157$7,773$4,052$2,032$993$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,500,000, adding $5,373 every year, while hoping to spend $37,189 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: 45/28/27 Blend
57$14,500,000$14,500,000$14,500,000$14,500,000
58$15,984,542$15,216,042$14,991,292$16,578,855
59$17,575,397$15,922,060$15,453,932$17,707,326
60$19,327,272$16,661,425$15,930,823$18,926,407
61$21,256,553$17,435,734$16,422,405$20,247,829
62$23,381,294$18,246,658$16,929,128$21,681,163
63$25,721,391$19,095,949$17,451,459$23,236,918
64$28,298,767$19,985,445$17,989,877$24,926,641
65$31,137,580$20,917,070$18,544,876$26,763,015
66$34,264,450$21,892,843$19,116,967$28,759,976
67$37,708,712$22,914,881$19,706,674$30,932,840
68$41,502,692$23,985,401$20,314,538$33,298,439
69$45,682,010$25,106,729$20,941,118$35,875,276
70$50,285,918$26,281,303$21,586,990$38,683,694
71$55,357,672$27,511,677$22,252,744$41,746,059
72$60,944,937$28,800,531$22,938,993$45,086,964
73$67,100,238$30,150,674$23,646,366$48,733,458
74$73,881,454$31,565,050$24,375,512$52,715,291
75$81,352,371$33,046,745$25,127,100$57,065,185
76$89,583,273$34,598,996$25,901,818$61,819,138
77$98,651,616$36,225,196$26,700,378$67,016,756
78$108,642,751$37,928,901$27,523,511$72,701,613
79$119,650,736$39,713,841$28,371,973$78,921,658
80$131,779,217$41,583,925$29,246,540$85,729,656
81$145,142,412$43,543,253$30,148,014$93,183,675
82$159,866,188$45,596,122$31,077,222$101,347,624
83$176,089,245$47,747,038$32,035,015$110,291,847
84$193,964,430$50,000,725$33,022,270$120,093,773
85$213,660,177$52,362,136$34,039,892$130,838,636
86$235,362,099$54,836,465$35,088,812$142,620,266
87$259,274,738$57,429,156$36,169,992$155,541,964
88$285,623,495$60,145,919$37,284,421$169,717,461
89$314,656,762$62,992,739$38,433,119$185,271,974
90$346,648,262$65,975,893$39,617,138$202,343,383
91$381,899,634$69,101,962$40,837,562$221,083,504
92$420,743,284$72,377,845$42,095,508$241,659,517
93$463,545,518$75,810,778$43,392,126$264,255,519
94$510,710,001$79,408,347$44,728,603$289,074,247
95$562,681,572$83,178,506$46,106,162$316,338,975
96$619,950,436$87,129,597$47,526,062$346,295,596
97$683,056,797$91,270,364$48,989,602$379,214,930
98$752,595,957$95,609,978$50,498,120$415,395,253
99$829,223,933$100,158,056$52,052,996$455,165,095
100$913,663,654$104,924,680$53,655,650$498,886,314