Can I retire at age 58 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,496,344
2 years$788,998$774,304$760,063$746,255$732,861$690,196
3 years$520,774$506,016$491,811$478,133$464,957$423,627
4 years$386,688$371,975$357,912$344,468$331,612$291,933
5 years$306,257$291,633$277,755$264,584$252,086$214,169
6 years$252,655$238,140$224,467$211,590$199,467$163,347
7 years$214,382$199,990$186,533$173,960$162,220$127,898
8 years$185,691$171,428$158,195$145,931$134,577$102,035
9 years$163,387$149,259$136,253$124,301$113,333$82,540
10 years$145,554$131,565$118,789$107,148$96,566$67,481
11 years$130,973$117,124$104,580$93,251$83,050$55,627
12 years$118,831$105,124$92,812$81,794$71,969$46,157
13 years$108,565$95,002$82,921$72,212$62,759$38,501
14 years$99,774$86,354$74,505$64,101$55,014$32,253
15 years$92,161$78,886$67,268$57,167$48,438$27,113
16 years$85,506$72,376$60,988$51,187$42,810$22,859
17 years$79,641$66,656$55,497$45,991$37,958$19,318
18 years$74,433$61,593$50,662$41,447$33,751$16,359
19 years$69,778$57,084$46,378$37,451$30,083$13,876
20 years$65,595$53,045$42,564$33,919$26,871$11,786
21 years$61,814$49,409$39,150$30,784$24,046$10,024
22 years$58,382$46,122$36,083$27,990$21,554$8,533
23 years$55,253$43,137$33,316$25,491$19,348$7,270
24 years$52,389$40,416$30,812$23,249$17,390$6,199
25 years$49,758$37,929$28,538$21,232$15,649$5,288
26 years$47,334$35,647$26,468$19,414$14,096$4,514
27 years$45,093$33,548$24,578$17,770$12,709$3,855
28 years$43,015$31,612$22,848$16,281$11,467$3,293
29 years$41,085$29,822$21,262$14,930$10,355$2,814
30 years$39,286$28,164$19,805$13,702$9,356$2,405
31 years$37,607$26,624$18,463$12,584$8,459$2,057
32 years$36,036$25,192$17,227$11,565$7,652$1,759
33 years$34,563$23,857$16,085$10,635$6,925$1,504
34 years$33,180$22,611$15,029$9,785$6,269$1,287
35 years$31,879$21,446$14,051$9,008$5,678$1,101
36 years$30,653$20,356$13,144$8,296$5,145$942
37 years$29,496$19,333$12,303$7,644$4,663$806
38 years$28,402$18,374$11,521$7,045$4,228$690
39 years$27,367$17,471$10,794$6,496$3,834$590
40 years$26,386$16,623$10,117$5,992$3,477$505
41 years$25,456$15,823$9,487$5,528$3,155$432
42 years$24,572$15,070$8,899$5,102$2,863$370
43 years$23,731$14,358$8,350$4,710$2,598$317
44 years$22,931$13,686$7,838$4,349$2,358$271
45 years$22,169$13,051$7,360$4,016$2,141$232
46 years$21,442$12,450$6,912$3,710$1,944$199
47 years$20,748$11,881$6,494$3,427$1,765$170
48 years$20,085$11,342$6,103$3,167$1,603$146
49 years$19,450$10,831$5,736$2,927$1,456$125
50 years$18,844$10,347$5,393$2,705$1,322$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,300,000, adding $2,130 every year, while hoping to spend $34,139 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: 39/39/22 Blend
57$19,300,000$19,300,000$19,300,000$19,300,000
58$21,270,797$20,247,897$19,948,747$21,960,981
59$23,404,095$21,203,720$20,580,706$23,415,108
60$25,753,845$22,205,235$21,232,692$24,983,031
61$28,342,089$23,254,643$21,905,339$26,677,748
62$31,193,116$24,354,255$22,599,303$28,510,792
63$34,333,693$25,506,493$23,315,258$30,494,811
64$37,793,313$26,713,894$24,053,903$32,643,678
65$41,604,478$27,979,122$24,815,956$34,972,614
66$45,803,004$29,304,968$25,602,160$37,498,324
67$50,428,358$30,694,359$26,413,279$40,239,141
68$55,524,032$32,150,364$27,250,105$43,215,192
69$61,137,951$33,676,200$28,113,452$46,448,577
70$67,322,931$35,275,243$29,004,161$49,963,565
71$74,137,168$36,951,028$29,923,100$53,786,815
72$81,644,798$38,707,267$30,871,162$57,947,610
73$89,916,494$40,547,850$31,849,272$62,478,126
74$99,030,137$42,476,855$32,858,383$67,413,721
75$109,071,549$44,498,559$33,899,477$72,793,253
76$120,135,306$46,617,447$34,973,568$78,659,433
77$132,325,627$48,838,222$36,081,703$85,059,216
78$145,757,361$51,165,815$37,224,961$92,044,224
79$160,557,070$53,605,398$38,404,455$99,671,218
80$176,864,222$56,162,393$39,621,335$108,002,621
81$194,832,508$58,842,486$40,876,785$117,107,081
82$214,631,296$61,651,640$42,172,030$127,060,107
83$236,447,226$64,596,108$43,508,330$137,944,758
84$260,485,971$67,682,446$44,886,987$149,852,406
85$286,974,184$70,917,529$46,309,345$162,883,582
86$316,161,632$74,308,570$47,776,790$177,148,894
87$348,323,557$77,863,128$49,290,750$192,770,056
88$383,763,271$81,589,132$50,852,701$209,881,003
89$422,815,023$85,494,898$52,464,166$228,629,138
90$465,847,153$89,589,145$54,126,712$249,176,690
91$513,265,567$93,881,018$55,841,962$271,702,219
92$565,517,573$98,380,106$57,611,586$296,402,272
93$623,096,099$103,096,465$59,437,308$323,493,206
94$686,544,351$108,040,642$61,320,907$353,213,199
95$756,460,936$113,223,695$63,264,219$385,824,463
96$833,505,519$118,657,223$65,269,138$421,615,685
97$918,405,045$124,353,389$67,337,616$460,904,710
98$1,011,960,603$130,324,950$69,471,671$504,041,510
99$1,115,054,994$136,585,281$71,673,381$551,411,438
100$1,228,661,056$143,148,413$73,944,892$603,438,830