Can I retire at age 58 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,217,521
2 years$633,651$621,850$610,413$599,324$588,568$570,001
3 years$418,238$406,386$394,978$383,993$373,411$355,325
4 years$310,552$298,737$287,443$276,645$266,320$248,855
5 years$245,958$234,213$223,067$212,490$202,452$185,658
6 years$202,909$191,253$180,271$169,930$160,194$144,090
7 years$172,172$160,614$149,806$139,709$130,280$114,872
8 years$149,130$137,676$127,048$117,198$108,080$93,366
9 years$131,217$119,871$109,426$99,827$91,019$76,991
10 years$116,896$105,661$95,400$86,052$77,553$64,200
11 years$105,186$94,064$83,989$74,891$66,698$54,007
12 years$95,434$84,426$74,538$65,689$57,799$45,755
13 years$87,190$76,297$66,595$57,994$50,402$38,987
14 years$80,129$69,352$59,836$51,480$44,182$33,379
15 years$74,015$63,354$54,024$45,911$38,901$28,691
16 years$68,671$58,126$48,980$41,109$34,381$24,742
17 years$63,960$53,532$44,570$36,936$30,485$21,398
18 years$59,778$49,466$40,687$33,287$27,106$18,549
19 years$56,040$45,845$37,247$30,077$24,160$16,112
20 years$52,680$42,601$34,183$27,241$21,580$14,020
21 years$49,644$39,681$31,442$24,723$19,312$12,218
22 years$46,887$37,041$28,979$22,479$17,310$10,661
23 years$44,374$34,644$26,757$20,472$15,539$9,313
24 years$42,074$32,459$24,745$18,671$13,966$8,143
25 years$39,961$30,461$22,919$17,052$12,568$7,126
26 years$38,014$28,628$21,256$15,591$11,320$6,241
27 years$36,214$26,943$19,738$14,271$10,206$5,469
28 years$34,546$25,388$18,349$13,075$9,209$4,795
29 years$32,996$23,951$17,076$11,990$8,316$4,207
30 years$31,551$22,619$15,905$11,004$7,514$3,692
31 years$30,203$21,382$14,828$10,106$6,793$3,241
32 years$28,941$20,232$13,835$9,288$6,145$2,847
33 years$27,758$19,160$12,918$8,541$5,561$2,501
34 years$26,647$18,159$12,070$7,859$5,035$2,197
35 years$25,602$17,224$11,284$7,234$4,560$1,931
36 years$24,618$16,348$10,556$6,663$4,132$1,698
37 years$23,688$15,527$9,880$6,139$3,745$1,492
38 years$22,810$14,756$9,252$5,658$3,395$1,312
39 years$21,979$14,031$8,669$5,217$3,079$1,154
40 years$21,191$13,350$8,125$4,812$2,793$1,015
41 years$20,444$12,708$7,619$4,440$2,534$893
42 years$19,734$12,102$7,147$4,097$2,299$786
43 years$19,059$11,531$6,706$3,782$2,086$691
44 years$18,416$10,992$6,295$3,492$1,894$608
45 years$17,804$10,482$5,911$3,225$1,719$535
46 years$17,220$9,999$5,551$2,979$1,561$471
47 years$16,663$9,542$5,216$2,752$1,417$414
48 years$16,130$9,109$4,901$2,543$1,287$365
49 years$15,621$8,699$4,607$2,351$1,169$321
50 years$15,133$8,309$4,331$2,173$1,062$282

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,500,000, adding $2,539 every year, while hoping to spend $52,371 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: 35/38/27 Blend
57$15,500,000$15,500,000$15,500,000$15,500,000
58$17,083,619$16,262,119$16,021,869$17,542,214
59$18,770,426$17,003,240$16,502,879$18,626,162
60$20,627,532$17,778,922$16,998,248$19,789,991
61$22,672,252$18,590,801$17,508,401$21,044,741
62$24,923,666$19,440,594$18,033,777$22,398,578
63$27,402,797$20,330,101$18,574,826$23,860,454
64$30,132,814$21,261,207$19,132,014$25,440,184
65$33,139,242$22,235,887$19,705,817$27,148,538
66$36,450,211$23,256,213$20,296,729$28,997,326
67$40,096,719$24,324,353$20,905,256$30,999,510
68$44,112,921$25,442,583$21,531,918$33,169,318
69$48,536,455$26,613,285$22,177,254$35,522,365
70$53,408,796$27,838,959$22,841,814$38,075,799
71$58,775,646$29,122,222$23,526,169$40,848,449
72$64,687,369$30,465,818$24,230,902$43,860,999
73$71,199,461$31,872,623$24,956,618$47,136,167
74$78,373,077$33,345,652$25,703,935$50,698,916
75$86,275,606$34,888,064$26,473,492$54,576,677
76$94,981,311$36,503,172$27,265,947$58,799,594
77$104,572,023$38,194,446$28,081,975$63,400,805
78$115,137,920$39,965,525$28,922,272$68,416,734
79$126,778,375$41,820,223$29,787,555$73,887,431
80$139,602,893$43,762,537$30,678,562$79,856,930
81$153,732,145$45,796,658$31,596,050$86,373,658
82$169,299,107$47,926,979$32,540,802$93,490,872
83$186,450,318$50,158,102$33,513,621$101,267,151
84$205,347,258$52,494,856$34,515,334$109,766,935
85$226,167,874$54,942,300$35,546,793$119,061,112
86$249,108,261$57,505,737$36,608,875$129,227,674
87$274,384,513$60,190,728$37,702,482$140,352,438
88$302,234,760$63,003,100$38,828,542$152,529,832
89$332,921,417$65,948,963$39,988,009$165,863,773
90$366,733,663$69,034,724$41,181,869$180,468,625
91$403,990,167$72,267,095$42,411,132$196,470,257
92$445,042,099$75,653,118$43,676,839$214,007,213
93$490,276,443$79,200,171$44,980,064$233,231,993
94$540,119,652$82,915,991$46,321,908$254,312,474
95$595,041,672$86,808,690$47,703,507$277,433,462
96$655,560,376$90,886,770$49,126,028$302,798,417
97$722,246,459$95,159,146$50,590,675$330,631,346
98$795,728,818$99,635,164$52,098,683$361,178,886
99$876,700,494$104,324,624$53,651,325$394,712,605
100$965,925,213$109,237,799$55,249,913$431,531,530