Can I retire at age 58 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,151,359
2 years$600,947$589,755$578,908$568,391$558,190$537,265
3 years$396,652$385,411$374,592$364,174$354,139$333,780
4 years$294,524$283,318$272,607$262,367$252,575$232,940
5 years$233,263$222,125$211,554$201,523$192,003$173,149
6 years$192,436$181,382$170,967$161,159$151,926$133,872
7 years$163,286$152,324$142,074$132,498$123,556$106,309
8 years$141,433$130,570$120,490$111,149$102,502$86,057
9 years$124,445$113,684$103,778$94,674$86,321$70,669
10 years$110,862$100,207$90,476$81,610$73,550$58,677
11 years$99,757$89,209$79,654$71,025$63,256$49,145
12 years$90,509$80,069$70,691$62,299$54,816$41,448
13 years$82,690$72,359$63,158$55,001$47,801$35,156
14 years$75,993$65,772$56,747$48,823$41,902$29,957
15 years$70,195$60,084$51,235$43,542$36,894$25,626
16 years$65,127$55,126$46,452$38,987$32,607$21,992
17 years$60,659$50,769$42,270$35,029$28,911$18,924
18 years$56,692$46,913$38,587$31,569$25,707$16,322
19 years$53,147$43,478$35,324$28,525$22,913$14,105
20 years$49,961$40,402$32,419$25,835$20,466$12,209
21 years$47,081$37,633$29,819$23,447$18,315$10,584
22 years$44,467$35,129$27,483$21,318$16,417$9,186
23 years$42,084$32,856$25,376$19,415$14,737$7,981
24 years$39,903$30,784$23,468$17,708$13,246$6,940
25 years$37,899$28,889$21,736$16,172$11,919$6,040
26 years$36,052$27,151$20,159$14,787$10,736$5,260
27 years$34,345$25,552$18,720$13,535$9,680$4,584
28 years$32,763$24,078$17,402$12,401$8,734$3,996
29 years$31,293$22,714$16,194$11,372$7,887$3,486
30 years$29,923$21,451$15,084$10,436$7,126$3,042
31 years$28,644$20,279$14,063$9,585$6,443$2,655
32 years$27,447$19,188$13,121$8,809$5,828$2,318
33 years$26,326$18,171$12,251$8,100$5,274$2,025
34 years$25,272$17,222$11,447$7,453$4,775$1,769
35 years$24,281$16,335$10,702$6,861$4,325$1,545
36 years$23,347$15,504$10,011$6,319$3,919$1,350
37 years$22,466$14,725$9,370$5,822$3,552$1,180
38 years$21,633$13,994$8,775$5,366$3,220$1,032
39 years$20,844$13,307$8,221$4,948$2,920$902
40 years$20,097$12,661$7,706$4,564$2,648$788
41 years$19,388$12,052$7,225$4,211$2,403$689
42 years$18,715$11,478$6,778$3,886$2,180$603
43 years$18,075$10,936$6,360$3,587$1,979$527
44 years$17,466$10,424$5,970$3,312$1,796$461
45 years$16,885$9,941$5,606$3,059$1,631$403
46 years$16,331$9,483$5,265$2,825$1,480$353
47 years$15,803$9,050$4,946$2,610$1,344$308
48 years$15,298$8,639$4,648$2,412$1,221$270
49 years$14,815$8,250$4,369$2,229$1,109$236
50 years$14,352$7,881$4,107$2,060$1,007$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,700,000, adding $2,434 every year, while hoping to spend $51,796 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: 34/39/27 Blend
57$14,700,000$14,700,000$14,700,000$14,700,000
58$16,201,911$15,422,811$15,194,961$16,620,078
59$17,799,395$16,123,418$15,648,881$17,635,534
60$19,558,087$16,856,619$16,116,272$18,724,972
61$21,494,374$17,623,956$16,597,530$19,898,791
62$23,626,316$18,427,046$17,093,063$21,164,531
63$25,973,811$19,267,581$17,603,291$22,530,458
64$28,558,785$20,147,338$18,128,647$24,005,635
65$31,405,399$21,068,176$18,669,575$25,599,999
66$34,540,277$22,032,043$19,226,532$27,324,450
67$37,992,755$23,040,983$19,799,991$29,190,949
68$41,795,162$24,097,137$20,390,436$31,212,618
69$45,983,118$25,202,747$20,998,366$33,403,862
70$50,595,880$26,360,165$21,624,295$35,780,493
71$55,676,701$27,571,854$22,268,750$38,359,875
72$61,273,247$28,840,397$22,932,276$41,161,074
73$67,438,043$30,168,502$23,615,431$44,205,035
74$74,228,968$31,559,003$24,318,793$47,514,765
75$81,709,803$33,014,874$25,042,953$51,115,543
76$89,950,832$34,539,232$25,788,521$55,035,148
77$99,029,505$36,135,343$26,556,124$59,304,110
78$109,031,168$37,806,629$27,346,409$63,955,989
79$120,049,872$39,556,678$28,160,038$69,027,675
80$132,189,255$41,389,252$28,997,696$74,559,731
81$145,563,527$43,308,292$29,860,086$80,596,756
82$160,298,539$45,317,931$30,747,931$87,187,799
83$176,532,980$47,422,500$31,661,977$94,386,801
84$194,419,679$49,626,537$32,602,988$102,253,098
85$214,127,052$51,934,804$33,571,754$110,851,958
86$235,840,689$54,352,287$34,569,086$120,255,185
87$259,765,107$56,884,216$35,595,818$130,541,779
88$286,125,678$59,536,073$36,652,808$141,798,667
89$315,170,760$62,313,604$37,740,940$154,121,500
90$347,174,039$65,222,831$38,861,122$167,615,540
91$382,437,112$68,270,071$40,014,291$182,396,636
92$421,292,334$71,461,942$41,201,407$198,592,290
93$464,105,959$74,805,384$42,423,461$216,342,846
94$511,281,590$78,307,671$43,681,470$235,802,786
95$563,263,996$81,976,430$44,976,483$257,142,170
96$620,543,305$85,819,656$46,309,576$280,548,210
97$683,659,634$89,845,732$47,681,860$306,227,017
98$753,208,188$94,063,444$49,094,473$334,405,514
99$829,844,875$98,482,005$50,548,590$365,333,555
100$914,292,503$103,111,073$52,045,418$399,286,250