Can I retire at age 58 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,216,252
2 years$641,827$629,874$618,289$607,057$596,162$560,485
3 years$423,635$411,630$400,074$388,947$378,230$343,681
4 years$314,560$302,591$291,151$280,215$269,757$236,601
5 years$249,132$237,235$225,945$215,232$205,065$173,394
6 years$205,527$193,720$182,598$172,122$162,261$132,103
7 years$174,394$162,686$151,739$141,511$131,961$103,317
8 years$151,054$139,452$128,687$118,710$109,475$82,328
9 years$132,910$121,418$110,838$101,115$92,194$66,517
10 years$118,404$107,024$96,631$87,162$78,553$54,314
11 years$106,543$95,277$85,073$75,857$67,559$44,715
12 years$96,666$85,516$75,500$66,537$58,545$37,054
13 years$88,315$77,281$67,454$58,742$51,052$30,866
14 years$81,163$70,247$60,608$52,145$44,752$25,821
15 years$74,970$64,171$54,721$46,504$39,403$21,676
16 years$69,557$58,876$49,612$41,639$34,825$18,249
17 years$64,785$54,223$45,145$37,412$30,878$15,400
18 years$60,549$50,104$41,212$33,716$27,455$13,021
19 years$56,763$46,436$37,727$30,465$24,472$11,028
20 years$53,359$43,151$34,624$27,592$21,858$9,353
21 years$50,284$40,193$31,848$25,042$19,561$7,942
22 years$47,492$37,519$29,353$22,769$17,533$6,751
23 years$44,947$35,091$27,102$20,736$15,739$5,742
24 years$42,617$32,878$25,065$18,912$14,147$4,888
25 years$40,477$30,854$23,215$17,272$12,730$4,164
26 years$38,505$28,998$21,531$15,792$11,467$3,548
27 years$36,682$27,290$19,993$14,455$10,338$3,025
28 years$34,992$25,716$18,586$13,244$9,328$2,580
29 years$33,421$24,260$17,296$12,145$8,423$2,201
30 years$31,958$22,911$16,111$11,146$7,611$1,879
31 years$30,592$21,658$15,019$10,237$6,881$1,603
32 years$29,314$20,493$14,013$9,408$6,224$1,369
33 years$28,116$19,407$13,084$8,651$5,633$1,169
34 years$26,991$18,394$12,225$7,960$5,100$998
35 years$25,933$17,446$11,430$7,328$4,619$853
36 years$24,935$16,559$10,692$6,749$4,185$728
37 years$23,994$15,727$10,008$6,218$3,793$622
38 years$23,104$14,946$9,372$5,731$3,439$532
39 years$22,262$14,213$8,780$5,284$3,119$454
40 years$21,464$13,522$8,230$4,874$2,829$388
41 years$20,707$12,872$7,717$4,497$2,566$332
42 years$19,988$12,259$7,239$4,150$2,329$283
43 years$19,305$11,680$6,793$3,831$2,113$242
44 years$18,654$11,133$6,376$3,537$1,918$207
45 years$18,034$10,617$5,987$3,267$1,741$177
46 years$17,442$10,128$5,623$3,018$1,581$151
47 years$16,878$9,665$5,283$2,788$1,436$129
48 years$16,338$9,227$4,964$2,576$1,304$110
49 years$15,822$8,811$4,666$2,381$1,184$94
50 years$15,329$8,417$4,387$2,201$1,076$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,700,000, adding $4,434 every year, while hoping to spend $32,493 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: 52/35/13 Blend
57$15,700,000$15,700,000$15,700,000$15,700,000
58$17,305,974$16,473,874$16,230,524$18,145,709
59$19,036,611$17,246,521$16,739,674$19,492,436
60$20,942,684$18,055,939$17,264,792$20,952,503
61$23,042,053$18,903,896$17,806,378$22,539,701
62$25,354,399$19,792,243$18,364,948$24,266,058
63$27,901,409$20,722,925$18,941,035$26,144,785
64$30,706,981$21,697,976$19,535,188$28,190,400
65$33,797,450$22,719,534$20,147,974$30,418,853
66$37,201,835$23,789,836$20,779,976$32,847,674
67$40,952,114$24,911,230$21,431,797$35,496,130
68$45,083,526$26,086,177$22,104,059$38,385,401
69$49,634,902$27,317,256$22,797,401$41,538,774
70$54,649,034$28,607,173$23,512,486$44,981,851
71$60,173,075$29,958,765$24,249,994$48,742,787
72$66,258,989$31,375,004$25,010,629$52,852,544
73$72,964,036$32,859,009$25,795,115$57,345,177
74$80,351,316$34,414,049$26,604,200$62,258,147
75$88,490,365$36,043,553$27,438,655$67,632,663
76$97,457,808$37,751,113$28,299,276$73,514,059
77$107,338,085$39,540,498$29,186,883$79,952,218
78$118,224,248$41,415,660$30,102,321$87,002,026
79$130,218,835$43,380,742$31,046,463$94,723,881
80$143,434,846$45,440,088$32,020,209$103,184,251
81$157,996,801$47,598,253$33,024,487$112,456,289
82$174,041,921$49,860,013$34,060,253$122,620,511
83$191,721,421$52,230,378$35,128,496$133,765,540
84$211,201,937$54,714,598$36,230,231$145,988,931
85$232,667,101$57,318,179$37,366,511$159,398,075
86$256,319,273$60,046,898$38,538,416$174,111,198
87$282,381,450$62,906,807$39,747,065$190,258,459
88$311,099,374$65,904,257$40,993,608$207,983,165
89$342,743,850$69,045,905$42,279,233$227,443,101
90$377,613,300$72,338,732$43,605,165$248,812,004
91$416,036,587$75,790,059$44,972,668$272,281,182
92$458,376,110$79,407,564$46,383,044$298,061,299
93$505,031,234$83,199,296$47,837,637$326,384,343
94$556,442,055$87,173,696$49,337,832$357,505,793
95$613,093,556$91,339,618$50,885,060$391,707,005
96$675,520,183$95,706,343$52,480,794$429,297,846
97$744,310,895$100,283,608$54,126,555$470,619,590
98$820,114,721$105,081,619$55,823,909$516,048,116
99$903,646,887$110,111,083$57,574,474$565,997,425
100$995,695,568$115,383,225$59,379,918$620,923,520