Can I retire at age 58 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,185,390
2 years$629,563$617,838$606,475$595,457$584,770$542,264
3 years$415,540$403,764$392,429$381,515$371,002$329,954
4 years$308,549$296,809$285,588$274,860$264,602$225,324
5 years$244,371$232,702$221,628$211,119$201,146$163,743
6 years$201,600$190,019$179,108$168,834$159,160$123,660
7 years$171,061$159,577$148,840$138,807$129,440$95,837
8 years$148,168$136,787$126,228$116,442$107,383$75,650
9 years$130,371$119,098$108,720$99,183$90,432$60,529
10 years$116,142$104,979$94,785$85,497$77,052$48,929
11 years$104,507$93,457$83,447$74,408$66,268$39,868
12 years$94,819$83,882$74,057$65,265$57,426$32,689
13 years$86,627$75,805$66,165$57,620$50,077$26,936
14 years$79,612$68,904$59,450$51,148$43,897$22,285
15 years$73,538$62,945$53,675$45,615$38,650$18,496
16 years$68,228$57,751$48,664$40,844$34,159$15,393
17 years$63,548$53,187$44,283$36,698$30,288$12,838
18 years$59,392$49,147$40,424$33,072$26,931$10,727
19 years$55,678$45,549$37,006$29,883$24,004$8,976
20 years$52,340$42,326$33,963$27,065$21,441$7,521
21 years$49,323$39,425$31,239$24,563$19,187$6,307
22 years$46,585$36,802$28,792$22,334$17,198$5,294
23 years$44,088$34,420$26,584$20,340$15,438$4,447
24 years$41,803$32,249$24,586$18,551$13,876$3,738
25 years$39,704$30,264$22,771$16,942$12,487$3,143
26 years$37,769$28,444$21,119$15,491$11,247$2,645
27 years$35,981$26,769$19,611$14,179$10,141$2,226
28 years$34,323$25,224$18,231$12,991$9,150$1,874
29 years$32,783$23,796$16,966$11,913$8,262$1,578
30 years$31,348$22,473$15,803$10,933$7,465$1,329
31 years$30,008$21,244$14,732$10,041$6,749$1,119
32 years$28,754$20,101$13,746$9,228$6,105$943
33 years$27,579$19,036$12,834$8,486$5,525$795
34 years$26,475$18,042$11,992$7,808$5,003$670
35 years$25,437$17,113$11,211$7,188$4,531$564
36 years$24,459$16,242$10,488$6,620$4,105$476
37 years$23,535$15,427$9,817$6,099$3,721$401
38 years$22,663$14,661$9,193$5,622$3,373$338
39 years$21,837$13,941$8,613$5,183$3,059$285
40 years$21,054$13,264$8,073$4,781$2,775$240
41 years$20,312$12,626$7,570$4,411$2,517$202
42 years$19,606$12,024$7,101$4,071$2,284$171
43 years$18,936$11,457$6,663$3,758$2,073$144
44 years$18,297$10,921$6,254$3,470$1,882$121
45 years$17,689$10,414$5,873$3,204$1,708$102
46 years$17,109$9,934$5,516$2,960$1,551$86
47 years$16,555$9,481$5,182$2,735$1,408$73
48 years$16,026$9,050$4,869$2,527$1,279$61
49 years$15,520$8,643$4,577$2,335$1,162$52
50 years$15,036$8,256$4,303$2,159$1,055$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,400,000, adding $2,247 every year, while hoping to spend $43,914 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: 52/22/26 Blend
57$15,400,000$15,400,000$15,400,000$15,400,000
58$16,973,118$16,156,918$15,918,218$17,732,185
59$18,657,652$16,901,883$16,404,754$19,003,707
60$20,512,536$17,681,879$16,906,117$20,381,466
61$22,555,101$18,498,577$17,422,758$21,879,352
62$24,804,441$19,353,727$17,955,140$23,508,835
63$27,281,598$20,249,164$18,503,742$25,282,526
64$30,009,760$21,186,811$19,069,056$27,214,288
65$33,014,475$22,168,685$19,651,589$29,319,364
66$36,323,898$23,196,897$20,251,864$31,614,515
67$39,969,054$24,273,663$20,870,419$34,118,176
68$43,984,129$25,401,305$21,507,810$36,850,622
69$48,406,796$26,582,255$22,164,608$39,834,156
70$53,278,569$27,819,064$22,841,402$43,093,315
71$58,645,192$29,114,408$23,538,797$46,655,091
72$64,557,075$30,471,087$24,257,421$50,549,187
73$71,069,768$31,892,041$24,997,915$54,808,286
74$78,244,483$33,380,350$25,760,944$59,468,355
75$86,148,675$34,939,242$26,547,191$64,568,977
76$94,856,678$36,572,103$27,357,360$70,153,718
77$104,450,403$38,282,480$28,192,175$76,270,531
78$115,020,116$40,074,094$29,052,385$82,972,202
79$126,665,286$41,950,843$29,938,759$90,316,836
80$139,495,527$43,916,816$30,852,089$98,368,405
81$153,631,630$45,976,299$31,793,193$107,197,333
82$169,206,704$48,133,785$32,762,912$116,881,162
83$186,367,431$50,393,984$33,762,113$127,505,267
84$205,275,454$52,761,834$34,791,689$139,163,656
85$226,108,900$55,242,514$35,852,560$151,959,843
86$249,064,061$57,841,450$36,945,674$166,007,821
87$274,357,248$60,564,333$38,072,007$181,433,119
88$302,226,832$63,417,131$39,232,564$198,373,982
89$332,935,496$66,406,098$40,428,382$216,982,659
90$366,772,712$69,537,792$41,660,528$237,426,831
91$404,057,475$72,819,090$42,930,102$259,891,175
92$445,141,312$76,257,200$44,238,236$284,579,101
93$490,411,606$79,859,682$45,586,096$311,714,652
94$540,295,244$83,634,461$46,974,885$341,544,603
95$595,262,656$87,589,847$48,405,840$374,340,781
96$655,832,248$91,734,551$49,880,238$410,402,606
97$722,575,302$96,077,709$51,399,390$450,059,908
98$796,121,365$100,628,899$52,964,652$493,676,015
99$877,164,193$105,398,163$54,577,416$541,651,172
100$966,468,300$110,396,033$56,239,120$594,426,292