Can I retire at age 58 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,205,798
2 years$625,475$613,826$602,537$591,591$580,973$566,634
3 years$412,841$401,142$389,881$379,038$368,593$354,606
4 years$306,545$294,882$283,734$273,075$262,884$249,357
5 years$242,784$231,191$220,189$209,748$199,840$186,812
6 years$200,291$188,785$177,945$167,737$158,127$145,614
7 years$169,950$158,541$147,873$137,906$128,599$116,607
8 years$147,205$135,899$125,408$115,686$106,686$95,212
9 years$129,524$118,325$108,014$98,539$89,845$78,886
10 years$115,387$104,297$94,169$84,941$76,552$66,100
11 years$103,829$92,850$82,905$73,924$65,837$55,884
12 years$94,203$83,337$73,576$64,842$57,053$47,587
13 years$86,065$75,312$65,735$57,245$49,752$40,761
14 years$79,095$68,457$59,064$50,816$43,612$35,084
15 years$73,060$62,537$53,326$45,319$38,399$30,321
16 years$67,785$57,376$48,348$40,578$33,937$26,294
17 years$63,135$52,841$43,995$36,459$30,091$22,868
18 years$59,006$48,828$40,162$32,857$26,756$19,938
19 years$55,316$45,253$36,766$29,689$23,848$17,420
20 years$52,000$42,051$33,742$26,889$21,302$15,248
21 years$49,003$39,169$31,036$24,404$19,062$13,368
22 years$46,282$36,563$28,605$22,189$17,087$11,736
23 years$43,802$34,197$26,411$20,208$15,338$10,315
24 years$41,531$32,040$24,426$18,431$13,786$9,076
25 years$39,446$30,068$22,623$16,832$12,405$7,993
26 years$37,524$28,259$20,982$15,390$11,174$7,044
27 years$35,747$26,595$19,484$14,087$10,075$6,213
28 years$34,100$25,060$18,113$12,907$9,091$5,483
29 years$32,570$23,642$16,855$11,836$8,209$4,841
30 years$31,144$22,327$15,700$10,862$7,417$4,276
31 years$29,813$21,106$14,637$9,976$6,706$3,779
32 years$28,568$19,971$13,656$9,168$6,066$3,341
33 years$27,400$18,913$12,751$8,431$5,489$2,955
34 years$26,304$17,925$11,914$7,757$4,970$2,614
35 years$25,272$17,002$11,139$7,141$4,502$2,313
36 years$24,300$16,137$10,420$6,577$4,079$2,047
37 years$23,383$15,326$9,753$6,060$3,697$1,812
38 years$22,516$14,566$9,133$5,585$3,351$1,604
39 years$21,695$13,850$8,557$5,150$3,039$1,420
40 years$20,918$13,178$8,020$4,750$2,757$1,258
41 years$20,180$12,544$7,520$4,382$2,501$1,114
42 years$19,479$11,946$7,054$4,044$2,269$987
43 years$18,813$11,382$6,620$3,734$2,059$874
44 years$18,179$10,850$6,214$3,447$1,869$775
45 years$17,574$10,346$5,834$3,184$1,697$686
46 years$16,998$9,870$5,480$2,941$1,541$608
47 years$16,448$9,419$5,148$2,717$1,399$539
48 years$15,922$8,992$4,838$2,511$1,271$478
49 years$15,419$8,587$4,547$2,320$1,154$423
50 years$14,938$8,202$4,275$2,145$1,048$375

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,300,000, adding $2,540 every year, while hoping to spend $21,945 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: 37/46/17 Blend
57$15,300,000$15,300,000$15,300,000$15,300,000
58$16,863,220$16,052,320$15,815,170$17,400,169
59$18,559,919$16,815,534$16,321,629$18,550,958
60$20,428,946$17,615,411$16,844,319$19,790,890
61$22,487,855$18,453,722$17,383,760$21,129,736
62$24,755,990$19,332,329$17,940,490$22,576,374
63$27,254,668$20,253,180$18,515,063$24,140,536
64$30,007,378$21,218,319$19,108,052$25,832,884
65$33,040,006$22,229,892$19,720,046$27,665,113
66$36,381,076$23,290,146$20,351,657$29,650,045
67$40,062,021$24,401,439$21,003,513$31,801,745
68$44,117,480$25,566,242$21,676,264$34,135,643
69$48,585,623$26,787,149$22,370,579$36,668,672
70$53,508,515$28,066,876$23,087,151$39,419,416
71$58,932,506$29,408,276$23,826,694$42,408,276
72$64,908,678$30,814,338$24,589,944$45,657,650
73$71,493,318$32,288,195$25,377,662$49,192,138
74$78,748,456$33,833,137$26,190,633$53,038,754
75$86,742,447$35,452,609$27,029,668$57,227,175
76$95,550,617$37,150,227$27,895,603$61,790,007
77$105,255,974$38,929,783$28,789,300$66,763,077
78$115,949,993$40,795,251$29,711,650$72,185,756
79$127,733,475$42,750,802$30,663,573$78,101,320
80$140,717,505$44,800,806$31,646,019$84,557,339
81$155,024,495$46,949,851$32,659,965$91,606,109
82$170,789,344$49,202,743$33,706,423$99,305,132
83$188,160,705$51,564,526$34,786,437$107,717,638
84$207,302,397$54,040,488$35,901,083$116,913,162
85$228,394,945$56,636,175$37,051,473$126,968,184
86$251,637,286$59,357,404$38,238,753$137,966,825
87$277,248,646$62,210,273$39,464,108$150,001,626
88$305,470,611$65,201,181$40,728,760$163,174,391
89$336,569,410$68,336,835$42,033,969$177,597,132
90$370,838,421$71,624,271$43,381,038$193,393,094
91$408,600,947$75,070,867$44,771,311$210,697,898
92$450,213,267$78,684,363$46,206,173$229,660,790
93$496,067,996$82,472,873$47,687,056$250,446,024
94$546,597,797$86,444,909$49,215,437$273,234,380
95$602,279,460$90,609,397$50,792,842$298,224,839
96$663,638,406$94,975,698$52,420,843$325,636,430
97$731,253,647$99,553,632$54,101,065$355,710,264
98$805,763,253$104,353,493$55,835,185$388,711,770
99$887,870,373$109,386,083$57,624,932$424,933,165
100$978,349,877$114,662,726$59,472,092$464,696,174