Can I retire at age 58 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,512,163
2 years$805,350$790,351$775,815$761,721$748,050$689,541
3 years$531,567$516,503$502,004$488,042$474,594$418,158
4 years$394,702$379,685$365,330$351,607$338,484$284,552
5 years$312,605$297,677$283,511$270,068$257,310$206,022
6 years$257,891$243,076$229,119$215,975$203,601$154,992
7 years$218,825$204,135$190,399$177,565$165,582$119,639
8 years$189,539$174,981$161,474$148,955$137,366$94,047
9 years$166,773$152,353$139,077$126,877$115,682$74,926
10 years$148,571$134,291$121,251$109,369$98,567$60,300
11 years$133,688$119,552$106,747$95,184$84,771$48,910
12 years$121,294$107,303$94,735$83,489$73,461$39,916
13 years$110,815$96,971$84,640$73,708$64,059$32,734
14 years$101,841$88,144$76,049$65,430$56,154$26,949
15 years$94,071$80,521$68,662$58,352$49,442$22,257
16 years$87,278$73,876$62,253$52,248$43,697$18,429
17 years$81,291$68,037$56,647$46,944$38,745$15,291
18 years$75,975$62,870$51,712$42,306$34,450$12,710
19 years$71,225$58,267$47,339$38,227$30,706$10,579
20 years$66,954$54,144$43,446$34,622$27,427$8,816
21 years$63,095$50,433$39,962$31,422$24,544$7,354
22 years$59,592$47,078$36,831$28,570$22,001$6,139
23 years$56,398$44,031$34,007$26,019$19,749$5,129
24 years$53,475$41,254$31,451$23,731$17,751$4,287
25 years$50,790$38,715$29,130$21,672$15,973$3,585
26 years$48,315$36,386$27,016$19,816$14,388$2,999
27 years$46,027$34,243$25,087$18,138$12,972$2,509
28 years$43,907$32,267$23,322$16,618$11,705$2,101
29 years$41,936$30,440$21,703$15,239$10,569$1,759
30 years$40,101$28,748$20,215$13,986$9,550$1,473
31 years$38,387$27,176$18,846$12,845$8,634$1,233
32 years$36,783$25,714$17,584$11,805$7,810$1,033
33 years$35,280$24,352$16,418$10,856$7,068$866
34 years$33,868$23,080$15,340$9,988$6,399$725
35 years$32,540$21,891$14,342$9,195$5,796$608
36 years$31,288$20,778$13,416$8,468$5,252$509
37 years$30,107$19,734$12,558$7,802$4,760$427
38 years$28,991$18,754$11,760$7,191$4,315$358
39 years$27,934$17,834$11,017$6,631$3,913$300
40 years$26,933$16,967$10,327$6,116$3,549$251
41 years$25,983$16,151$9,683$5,643$3,220$210
42 years$25,081$15,382$9,083$5,208$2,922$176
43 years$24,223$14,656$8,523$4,807$2,652$148
44 years$23,406$13,970$8,001$4,439$2,407$124
45 years$22,628$13,322$7,512$4,099$2,185$104
46 years$21,886$12,708$7,056$3,787$1,984$87
47 years$21,178$12,128$6,629$3,498$1,802$73
48 years$20,501$11,577$6,229$3,233$1,636$61
49 years$19,854$11,056$5,855$2,987$1,486$51
50 years$19,234$10,561$5,505$2,761$1,350$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $19,700,000, adding $6,234 every year, while hoping to spend $25,443 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: 68/8/24 Blend
57$19,700,000$19,700,000$19,700,000$19,700,000
58$21,715,830$20,671,730$20,366,380$23,058,900
59$23,903,774$21,657,574$21,021,583$24,946,430
60$26,314,035$22,690,871$21,697,882$27,007,117
61$28,969,263$23,773,920$22,395,958$29,260,950
62$31,894,417$24,909,132$23,116,511$31,727,010
63$35,117,001$26,099,032$23,860,268$34,426,300
64$38,667,323$27,346,273$24,627,975$37,381,938
65$42,578,782$28,653,633$25,420,404$40,619,378
66$46,888,183$30,024,026$26,238,353$44,166,641
67$51,636,083$31,460,508$27,082,643$48,054,581
68$56,867,176$32,966,286$27,954,124$52,317,169
69$62,630,713$34,544,719$28,853,673$56,991,811
70$68,980,968$36,199,333$29,782,193$62,119,698
71$75,977,750$37,933,823$30,740,620$67,746,191
72$83,686,967$39,752,066$31,729,916$73,921,242
73$92,181,247$41,658,127$32,751,078$80,699,865
74$101,540,627$43,656,269$33,805,132$88,142,649
75$111,853,307$45,750,961$34,893,140$96,316,325
76$123,216,479$47,946,893$36,016,195$105,294,391
77$135,737,250$50,248,981$37,175,427$115,157,800
78$149,533,649$52,662,381$38,372,004$125,995,722
79$164,735,744$55,192,500$39,607,128$137,906,377
80$181,486,866$57,845,009$40,882,044$150,997,956
81$199,944,968$60,625,856$42,198,034$165,389,639
82$220,284,109$63,541,277$43,556,422$181,212,711
83$242,696,102$66,597,814$44,958,576$198,611,799
84$267,392,323$69,802,326$46,405,908$217,746,224
85$294,605,708$73,162,007$47,899,873$238,791,504
86$324,592,947$76,684,403$49,441,976$261,941,000
87$357,636,915$80,377,426$51,033,769$287,407,735
88$394,049,336$84,249,375$52,676,856$315,426,396
89$434,173,727$88,308,953$54,372,889$346,255,545
90$478,388,644$92,565,289$56,123,578$380,180,043
91$527,111,252$97,027,954$57,930,684$417,513,740
92$580,801,266$101,706,990$59,796,028$458,602,420
93$639,965,288$106,612,925$61,721,488$503,827,062
94$705,161,592$111,756,804$63,709,003$553,607,421
95$777,005,395$117,150,207$65,760,575$608,405,985
96$856,174,661$122,805,283$67,878,270$668,732,325
97$943,416,506$128,734,772$70,064,221$735,147,898
98$1,039,554,248$134,952,034$72,320,631$808,271,334
99$1,145,495,181$141,471,083$74,649,772$888,784,263
100$1,262,239,141$148,306,618$77,053,991$977,437,737