Can I retire at age 58 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,499,682
2 years$780,822$766,280$752,186$738,521$725,267$701,770
3 years$515,377$500,772$486,714$473,178$460,139$437,254
4 years$382,681$368,121$354,203$340,898$328,175$306,079
5 years$303,084$288,611$274,876$261,842$249,474$228,231
6 years$250,036$235,673$222,141$209,397$197,400$177,035
7 years$212,160$197,918$184,600$172,157$160,539$141,058
8 years$183,766$169,652$156,556$144,418$133,183$114,583
9 years$161,694$147,712$134,841$123,012$112,159$94,431
10 years$144,046$130,201$117,558$106,038$95,565$78,694
11 years$129,616$115,911$103,496$92,285$82,189$66,159
12 years$117,600$104,035$91,850$80,946$71,223$56,014
13 years$107,440$94,017$82,062$71,463$62,108$47,698
14 years$98,740$85,459$73,733$63,437$54,444$40,809
15 years$91,206$78,068$66,571$56,575$47,936$35,053
16 years$84,620$71,626$60,356$50,657$42,366$30,208
17 years$78,815$65,965$54,922$45,515$37,565$26,106
18 years$73,661$60,955$50,137$41,018$33,401$22,614
19 years$69,055$56,492$45,898$37,063$29,771$19,629
20 years$64,915$52,495$42,123$33,568$26,592$17,067
21 years$61,174$48,897$38,745$30,465$23,797$14,862
22 years$57,777$45,644$35,709$27,700$21,331$12,958
23 years$54,681$42,690$32,971$25,226$19,148$11,311
24 years$51,846$39,998$30,493$23,008$17,210$9,883
25 years$49,243$37,536$28,242$21,012$15,487$8,642
26 years$46,843$35,278$26,193$19,213$13,950$7,562
27 years$44,626$33,200$24,323$17,586$12,577$6,622
28 years$42,570$31,284$22,611$16,112$11,348$5,801
29 years$40,659$29,513$21,042$14,775$10,247$5,085
30 years$38,879$27,872$19,600$13,560$9,259$4,459
31 years$37,218$26,348$18,272$12,454$8,371$3,911
32 years$35,663$24,931$17,048$11,445$7,572$3,432
33 years$34,205$23,610$15,918$10,525$6,853$3,013
34 years$32,836$22,377$14,873$9,684$6,205$2,645
35 years$31,549$21,224$13,905$8,915$5,620$2,323
36 years$30,335$20,145$13,008$8,210$5,092$2,040
37 years$29,190$19,133$12,175$7,564$4,615$1,792
38 years$28,108$18,183$11,401$6,972$4,184$1,574
39 years$27,083$17,290$10,682$6,429$3,794$1,383
40 years$26,113$16,450$10,012$5,930$3,441$1,216
41 years$25,192$15,659$9,388$5,471$3,122$1,069
42 years$24,317$14,913$8,806$5,049$2,833$939
43 years$23,485$14,209$8,264$4,661$2,571$826
44 years$22,694$13,545$7,757$4,303$2,334$726
45 years$21,939$12,916$7,283$3,974$2,119$638
46 years$21,220$12,321$6,841$3,671$1,924$561
47 years$20,533$11,758$6,427$3,392$1,747$493
48 years$19,876$11,225$6,039$3,134$1,586$434
49 years$19,249$10,719$5,677$2,896$1,441$381
50 years$18,648$10,239$5,337$2,677$1,309$335

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,100,000, adding $3,130 every year, while hoping to spend $50,489 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: 81/7/12 Blend
57$19,100,000$19,100,000$19,100,000$19,100,000
58$21,051,429$20,039,129$19,743,079$22,710,645
59$23,144,954$20,967,326$20,350,752$24,728,019
60$25,450,328$21,939,313$20,977,090$26,935,045
61$27,989,104$22,957,182$21,622,665$29,356,171
62$30,785,034$24,023,126$22,288,066$32,012,832
63$33,864,292$25,139,443$22,973,901$34,928,635
64$37,255,719$26,308,545$23,680,796$38,129,579
65$40,991,096$27,532,957$24,409,396$41,644,298
66$45,105,442$28,815,327$25,160,365$45,504,330
67$49,637,350$30,158,430$25,934,390$49,744,409
68$54,629,343$31,565,177$26,732,176$54,402,796
69$60,128,283$33,038,617$27,554,450$59,521,634
70$66,185,807$34,581,949$28,401,963$65,147,345
71$72,858,818$36,198,523$29,275,488$71,331,062
72$80,210,021$37,891,855$30,175,821$78,129,115
73$88,308,515$39,665,627$31,103,782$85,603,554
74$97,230,443$41,523,702$32,060,218$93,822,736
75$107,059,712$43,470,128$33,046,000$102,861,964
76$117,888,788$45,509,149$34,062,026$112,804,197
77$129,819,563$47,645,216$35,109,222$123,740,828
78$142,964,319$49,882,992$36,188,542$135,772,544
79$157,446,790$52,227,369$37,300,969$149,010,273
80$173,403,327$54,683,474$38,447,515$163,576,226
81$190,984,184$57,256,683$39,629,225$179,605,050
82$210,354,941$59,952,631$40,847,175$197,245,090
83$231,698,063$62,777,227$42,102,472$216,659,790
84$255,214,620$65,736,666$43,396,260$238,029,228
85$281,126,192$68,837,443$44,729,715$261,551,811
86$309,676,954$72,086,369$46,104,052$287,446,148
87$341,135,985$75,490,582$47,520,518$315,953,101
88$375,799,804$79,057,569$48,980,404$347,338,062
89$413,995,173$82,795,179$50,485,037$381,893,444
90$456,082,179$86,711,641$52,035,784$419,941,443
91$502,457,634$90,815,584$53,634,055$461,837,070
92$553,558,819$95,116,055$55,281,304$507,971,497
93$609,867,617$99,622,540$56,979,026$558,775,743
94$671,915,055$104,344,985$58,728,764$614,724,737
95$740,286,322$109,293,820$60,532,108$676,341,791
96$815,626,289$114,479,980$62,390,696$744,203,540
97$898,645,602$119,914,930$64,306,216$818,945,371
98$990,127,385$125,610,694$66,280,407$901,267,415
99$1,090,934,639$131,579,879$68,315,061$991,941,152
100$1,202,018,382$137,835,702$70,412,025$1,091,816,680