Can I retire at age 58 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,251,449
2 years$645,915$633,886$622,227$610,924$599,959$591,422
3 years$426,333$414,251$402,622$391,425$380,639$372,294
4 years$316,563$304,519$293,006$281,999$271,475$263,386
5 years$250,719$238,746$227,385$216,603$206,371$198,563
6 years$206,836$194,954$183,761$173,219$163,294$155,776
7 years$175,504$163,722$152,706$142,413$132,802$125,578
8 years$152,016$140,340$129,507$119,467$110,172$103,242
9 years$133,757$122,191$111,544$101,759$92,781$86,143
10 years$119,158$107,706$97,247$87,717$79,054$72,704
11 years$107,222$95,884$85,614$76,340$67,989$61,924
12 years$97,282$86,060$75,981$66,961$58,918$53,131
13 years$88,877$77,773$67,884$59,116$51,377$45,864
14 years$81,680$70,694$60,994$52,477$45,037$39,790
15 years$75,448$64,580$55,069$46,800$39,654$34,667
16 years$70,000$59,251$49,928$41,904$35,047$30,311
17 years$65,198$54,568$45,433$37,651$31,075$26,583
18 years$60,935$50,423$41,474$33,931$27,630$23,375
19 years$57,124$46,732$37,968$30,659$24,627$20,601
20 years$53,699$43,425$34,845$27,768$21,998$18,191
21 years$50,604$40,449$32,051$25,201$19,685$16,091
22 years$47,795$37,758$29,540$22,914$17,645$14,254
23 years$45,233$35,314$27,275$20,868$15,839$12,643
24 years$42,889$33,087$25,224$19,033$14,237$11,228
25 years$40,735$31,051$23,363$17,382$12,811$9,980
26 years$38,750$29,182$21,668$15,893$11,540$8,879
27 years$36,915$27,464$20,120$14,547$10,404$7,906
28 years$35,215$25,879$18,705$13,328$9,388$7,045
29 years$33,634$24,414$17,406$12,222$8,477$6,281
30 years$32,162$23,057$16,213$11,217$7,659$5,603
31 years$30,787$21,796$15,115$10,302$6,925$5,000
32 years$29,501$20,624$14,103$9,468$6,264$4,464
33 years$28,295$19,531$13,168$8,707$5,669$3,988
34 years$27,163$18,511$12,303$8,011$5,133$3,563
35 years$26,098$17,557$11,503$7,374$4,649$3,185
36 years$25,094$16,664$10,760$6,792$4,212$2,847
37 years$24,147$15,827$10,072$6,258$3,817$2,546
38 years$23,251$15,042$9,432$5,768$3,461$2,277
39 years$22,404$14,303$8,836$5,318$3,138$2,037
40 years$21,601$13,608$8,282$4,905$2,847$1,823
41 years$20,839$12,954$7,766$4,526$2,583$1,631
42 years$20,116$12,337$7,285$4,177$2,343$1,460
43 years$19,428$11,754$6,836$3,856$2,127$1,307
44 years$18,773$11,204$6,417$3,560$1,930$1,170
45 years$18,149$10,684$6,025$3,288$1,753$1,047
46 years$17,553$10,192$5,659$3,037$1,591$938
47 years$16,985$9,727$5,316$2,806$1,445$840
48 years$16,442$9,285$4,996$2,593$1,312$752
49 years$15,923$8,867$4,696$2,396$1,192$673
50 years$15,426$8,470$4,415$2,215$1,082$603

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,800,000, adding $4,821 every year, while hoping to spend $43,331 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: 63/24/13 Blend
57$15,800,000$15,800,000$15,800,000$15,800,000
58$17,416,573$16,579,173$16,334,273$18,459,794
59$19,146,959$17,345,448$16,835,367$19,925,480
60$21,052,393$18,147,819$17,351,796$21,519,852
61$23,150,683$18,988,008$17,884,027$23,259,765
62$25,461,453$19,867,821$18,432,542$25,159,363
63$28,006,329$20,789,151$18,997,839$27,234,200
64$30,809,137$21,753,983$19,580,430$29,501,390
65$33,896,135$22,764,395$20,180,841$31,979,755
66$37,296,259$23,822,567$20,799,617$34,690,007
67$41,041,390$24,930,786$21,437,317$37,654,930
68$45,166,664$26,091,447$22,094,519$40,899,599
69$49,710,796$27,307,060$22,771,817$44,451,603
70$54,716,449$28,580,257$23,469,825$48,341,308
71$60,230,635$29,913,799$24,189,173$52,602,132
72$66,305,162$31,310,577$24,930,512$57,270,857
73$72,997,117$32,773,624$25,694,513$62,387,973
74$80,369,410$34,306,118$26,481,865$67,998,046
75$88,491,363$35,911,391$27,293,282$74,150,141
76$97,439,371$37,592,938$28,129,496$80,898,272
77$107,297,615$39,354,420$28,991,262$88,301,908
78$118,158,862$41,199,677$29,879,359$96,426,523
79$130,125,338$43,132,733$30,794,590$105,344,212
80$143,309,694$45,157,809$31,737,780$115,134,355
81$157,836,069$47,279,328$32,709,782$125,884,367
82$173,841,261$49,501,928$33,711,473$137,690,507
83$191,476,019$51,830,472$34,743,757$150,658,779
84$210,906,466$54,270,057$35,807,565$164,905,924
85$232,315,664$56,826,029$36,903,857$180,560,511
86$255,905,348$59,503,990$38,033,622$197,764,140
87$281,897,824$62,309,817$39,197,879$216,672,764
88$310,538,072$65,249,668$40,397,678$237,458,157
89$342,096,055$68,330,001$41,634,101$260,309,514
90$376,869,271$71,557,589$42,908,261$285,435,230
91$415,185,556$74,939,531$44,221,307$313,064,851
92$457,406,184$78,483,269$45,574,422$343,451,229
93$503,929,275$82,196,609$46,968,825$376,872,890
94$555,193,552$86,087,734$48,405,772$413,636,653
95$611,682,486$90,165,225$49,886,557$454,080,505
96$673,928,855$94,438,076$51,412,512$498,576,779
97$742,519,779$98,915,723$52,985,012$547,535,647
98$818,102,258$103,608,055$54,605,471$601,408,976
99$901,389,281$108,525,443$56,275,348$660,694,574
100$993,166,560$113,678,761$57,996,144$725,940,869