Can I retire at age 58 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,217,103
2 years$650,004$637,898$626,165$614,790$603,756$553,229
3 years$429,031$416,873$405,171$393,902$383,048$334,369
4 years$318,567$306,446$294,860$283,784$273,193$226,733
5 years$252,305$240,257$228,824$217,973$207,677$163,554
6 years$208,146$196,188$184,924$174,315$164,328$122,569
7 years$176,615$164,759$153,672$143,314$133,642$94,233
8 years$152,978$141,229$130,326$120,223$110,869$73,768
9 years$134,604$122,965$112,250$102,403$93,368$58,518
10 years$119,912$108,387$97,862$88,272$79,554$46,886
11 years$107,900$96,491$86,156$76,823$68,419$37,857
12 years$97,897$86,605$76,461$67,384$59,291$30,750
13 years$89,440$78,266$68,313$59,490$51,703$25,097
14 years$82,197$71,141$61,380$52,809$45,322$20,561
15 years$75,925$64,989$55,418$47,096$39,905$16,896
16 years$70,443$59,626$50,244$42,170$35,268$13,919
17 years$65,611$54,913$45,720$37,889$31,271$11,490
18 years$61,320$50,742$41,737$34,146$27,805$9,500
19 years$57,486$47,028$38,208$30,854$24,783$7,865
20 years$54,039$43,700$35,065$27,944$22,137$6,519
21 years$50,925$40,705$32,253$25,361$19,810$5,409
22 years$48,097$37,997$29,726$23,059$17,757$4,491
23 years$45,519$35,538$27,447$21,000$15,940$3,731
24 years$43,160$33,296$25,384$19,153$14,327$3,101
25 years$40,993$31,247$23,511$17,492$12,892$2,579
26 years$38,995$29,367$21,805$15,994$11,613$2,145
27 years$37,149$27,638$20,248$14,639$10,470$1,785
28 years$35,438$26,043$18,823$13,413$9,447$1,486
29 years$33,847$24,569$17,516$12,300$8,530$1,237
30 years$32,366$23,203$16,316$11,288$7,708$1,030
31 years$30,982$21,934$15,211$10,367$6,969$858
32 years$29,688$20,754$14,192$9,528$6,304$714
33 years$28,475$19,654$13,251$8,762$5,705$595
34 years$27,335$18,628$12,381$8,061$5,165$496
35 years$26,263$17,668$11,575$7,421$4,678$413
36 years$25,253$16,770$10,829$6,835$4,239$344
37 years$24,300$15,927$10,135$6,297$3,842$287
38 years$23,399$15,137$9,491$5,804$3,483$239
39 years$22,546$14,394$8,892$5,352$3,158$199
40 years$21,738$13,694$8,335$4,936$2,865$166
41 years$20,971$13,036$7,815$4,554$2,599$138
42 years$20,243$12,415$7,331$4,203$2,358$115
43 years$19,551$11,829$6,879$3,880$2,140$96
44 years$18,891$11,275$6,457$3,582$1,943$80
45 years$18,263$10,752$6,063$3,309$1,764$67
46 years$17,664$10,257$5,695$3,056$1,601$55
47 years$17,093$9,788$5,350$2,823$1,454$46
48 years$16,546$9,344$5,028$2,609$1,320$39
49 years$16,024$8,923$4,726$2,411$1,199$32
50 years$15,524$8,524$4,443$2,229$1,089$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $15,900,000, adding $2,003 every year, while hoping to spend $42,315 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: 82/11/7 Blend
57$15,900,000$15,900,000$15,900,000$15,900,000
58$17,523,866$16,681,166$16,434,716$18,948,887
59$19,266,278$17,453,520$16,940,256$20,653,398
60$21,184,997$18,262,302$17,461,314$22,518,380
61$23,297,963$19,109,251$17,998,364$24,564,456
62$25,624,942$19,996,191$18,551,896$26,809,735
63$28,187,717$20,925,035$19,122,415$29,274,156
64$31,010,289$21,897,787$19,710,441$31,979,679
65$34,119,107$22,916,547$20,316,510$34,950,484
66$37,543,317$23,983,519$20,941,174$38,213,201
67$41,315,033$25,101,010$21,585,001$41,797,162
68$45,469,648$26,271,440$22,248,580$45,734,666
69$50,046,158$27,497,347$22,932,514$50,061,292
70$55,087,538$28,781,389$23,637,425$54,816,224
71$60,641,145$30,126,354$24,363,956$60,042,623
72$66,759,161$31,535,165$25,112,768$65,788,031
73$73,499,093$33,010,886$25,884,543$72,104,814
74$80,924,308$34,556,727$26,679,983$79,050,657
75$89,104,637$36,176,056$27,499,812$86,689,101
76$98,117,030$37,872,403$28,344,776$95,090,143
77$108,046,285$39,649,468$29,215,644$104,330,892
78$118,985,845$41,511,131$30,113,207$114,496,294
79$131,038,683$43,461,459$31,038,281$125,679,927
80$144,318,274$45,504,716$31,991,709$137,984,885
81$158,949,663$47,645,372$32,974,356$151,524,742
82$175,070,647$49,888,114$33,987,116$166,424,623
83$192,833,078$52,237,856$35,030,909$182,822,380
84$212,404,292$54,699,751$36,106,684$200,869,889
85$233,968,689$57,279,199$37,215,418$220,734,477
86$257,729,479$59,981,863$38,358,118$242,600,496
87$283,910,593$62,813,681$39,535,822$266,671,062
88$312,758,801$65,780,879$40,749,600$293,169,961
89$344,546,040$68,889,983$42,000,552$322,343,760
90$379,571,981$72,147,837$43,289,816$354,464,125
91$418,166,859$75,561,617$44,618,560$389,830,384
92$460,694,588$79,138,846$45,987,992$428,772,339
93$507,556,199$82,887,413$47,399,353$471,653,378
94$559,193,624$86,815,588$48,853,923$518,873,895
95$616,093,866$90,932,044$50,353,022$570,875,064
96$678,793,602$95,245,876$51,898,010$628,142,994
97$747,884,243$99,766,617$53,490,287$691,213,311
98$824,017,520$104,504,267$55,131,296$760,676,203
99$907,911,639$109,469,307$56,822,526$837,181,986
100$1,000,358,053$114,672,730$58,565,508$921,447,231