Can I retire at age 58 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,168,830
2 years$617,299$605,802$594,660$583,857$573,379$538,135
3 years$407,445$395,899$384,785$374,083$363,775$329,658
4 years$302,538$291,027$280,025$269,506$259,447$226,718
5 years$239,611$228,169$217,311$207,006$197,228$165,976
6 years$197,673$186,317$175,619$165,545$156,060$126,313
7 years$167,729$156,469$145,940$136,103$126,918$98,677
8 years$145,281$134,123$123,769$114,174$105,291$78,538
9 years$127,831$116,778$106,602$97,251$88,670$63,378
10 years$113,879$102,934$92,938$83,831$75,551$51,686
11 years$102,471$91,636$81,821$72,958$64,977$42,497
12 years$92,972$82,248$72,614$63,994$56,307$35,169
13 years$84,940$74,328$64,876$56,497$49,101$29,257
14 years$78,061$67,562$58,292$50,152$43,042$24,441
15 years$72,105$61,719$52,629$44,727$37,897$20,489
16 years$66,899$56,626$47,716$40,048$33,494$17,224
17 years$62,310$52,150$43,420$35,983$29,698$14,514
18 years$58,235$48,189$39,637$32,428$26,406$12,254
19 years$54,593$44,661$36,286$29,301$23,536$10,363
20 years$51,320$41,502$33,301$26,538$21,023$8,776
21 years$48,362$38,657$30,631$24,085$18,813$7,440
22 years$45,677$36,085$28,231$21,899$16,863$6,314
23 years$43,229$33,750$26,066$19,943$15,138$5,363
24 years$40,988$31,621$24,107$18,190$13,606$4,558
25 years$38,930$29,675$22,328$16,612$12,243$3,876
26 years$37,033$27,890$20,708$15,189$11,028$3,298
27 years$35,280$26,247$19,229$13,903$9,943$2,807
28 years$33,655$24,733$17,876$12,738$8,972$2,390
29 years$32,144$23,333$16,635$11,681$8,101$2,036
30 years$30,737$22,035$15,495$10,720$7,320$1,735
31 years$29,423$20,830$14,445$9,846$6,618$1,478
32 years$28,194$19,710$13,478$9,048$5,986$1,260
33 years$27,042$18,666$12,584$8,321$5,418$1,074
34 years$25,960$17,691$11,758$7,656$4,905$916
35 years$24,942$16,779$10,993$7,048$4,443$781
36 years$23,982$15,926$10,284$6,491$4,025$666
37 years$23,077$15,126$9,625$5,980$3,648$568
38 years$22,221$14,375$9,014$5,512$3,308$484
39 years$21,411$13,669$8,445$5,083$2,999$413
40 years$20,644$13,005$7,915$4,688$2,721$352
41 years$19,916$12,380$7,422$4,325$2,468$301
42 years$19,225$11,790$6,962$3,992$2,240$256
43 years$18,567$11,234$6,533$3,685$2,033$219
44 years$17,941$10,708$6,132$3,402$1,845$187
45 years$17,345$10,211$5,758$3,142$1,675$159
46 years$16,776$9,741$5,408$2,902$1,521$136
47 years$16,233$9,296$5,081$2,681$1,381$116
48 years$15,714$8,874$4,775$2,478$1,254$99
49 years$15,218$8,474$4,488$2,290$1,139$84
50 years$14,743$8,095$4,219$2,117$1,035$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,100,000, adding $3,576 every year, while hoping to spend $51,150 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: 44/48/8 Blend
57$15,100,000$15,100,000$15,100,000$15,100,000
58$16,643,889$15,843,589$15,609,539$17,338,187
59$18,287,142$16,565,501$16,078,035$18,541,331
60$20,096,293$17,321,073$16,560,512$19,839,011
61$22,088,209$18,111,900$17,057,383$21,244,255
62$24,281,476$18,939,653$17,569,075$22,766,953
63$26,696,576$19,806,085$18,096,028$24,417,954
64$29,356,074$20,713,031$18,638,693$26,209,163
65$32,284,840$21,662,415$19,197,535$28,153,644
66$35,510,274$22,656,255$19,773,033$30,265,740
67$39,062,573$23,696,662$20,365,681$32,561,196
68$42,975,010$24,785,853$20,975,985$35,057,304
69$47,284,248$25,926,147$21,604,468$37,773,052
70$52,030,692$27,119,978$22,251,668$40,729,302
71$57,258,861$28,369,896$22,918,137$43,948,970
72$63,017,816$29,678,572$23,604,446$47,457,238
73$69,361,619$31,048,807$24,311,181$51,281,777
74$76,349,843$32,483,538$25,038,945$55,453,003
75$84,048,137$33,985,841$25,788,359$60,004,347
76$92,528,840$35,558,941$26,560,062$64,972,562
77$101,871,671$37,206,218$27,354,714$70,398,059
78$112,164,475$38,931,216$28,172,990$76,325,272
79$123,504,054$40,737,648$29,015,587$82,803,068
80$135,997,082$42,629,408$29,883,225$89,885,189
81$149,761,111$44,610,576$30,776,640$97,630,751
82$164,925,680$46,685,429$31,696,592$106,104,780
83$181,633,536$48,858,452$32,643,865$115,378,815
84$200,041,985$51,134,344$33,619,262$125,531,563
85$220,324,373$53,518,032$34,623,613$136,649,626
86$242,671,724$56,014,682$35,657,770$148,828,300
87$267,294,546$58,629,706$36,722,610$162,172,453
88$294,424,809$61,368,782$37,819,037$176,797,497
89$324,318,145$64,237,858$38,947,981$192,830,456
90$357,256,255$67,243,172$40,110,397$210,411,140
91$393,549,568$70,391,262$41,307,271$229,693,444
92$433,540,174$73,688,984$42,539,614$250,846,777
93$477,605,051$77,143,524$43,808,471$274,057,633
94$526,159,625$80,762,415$45,114,913$299,531,325
95$579,661,690$84,553,556$46,460,045$327,493,898
96$638,615,729$88,525,227$47,845,004$358,194,229
97$703,577,679$92,686,109$49,270,957$391,906,348
98$775,160,177$97,045,304$50,739,109$428,931,994
99$854,038,344$101,612,352$52,250,698$469,603,427
100$940,956,157$106,397,259$53,806,998$514,286,528