Can I retire at age 58 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,236,319
2 years$658,180$645,922$634,042$622,523$611,351$564,014
3 years$434,428$422,117$410,267$398,857$387,866$342,199
4 years$322,574$310,301$298,569$287,354$276,629$232,980
5 years$255,479$243,280$231,702$220,715$210,289$168,772
6 years$210,764$198,656$187,250$176,508$166,395$127,038
7 years$178,837$166,831$155,605$145,117$135,323$98,118
8 years$154,902$143,005$131,966$121,735$112,264$77,175
9 years$136,297$124,512$113,662$103,691$94,542$61,522
10 years$121,421$109,751$99,093$89,383$80,555$49,544
11 years$109,257$97,705$87,240$77,790$69,280$40,212
12 years$99,129$87,694$77,423$68,232$60,036$32,839
13 years$90,565$79,250$69,173$60,239$52,353$26,949
14 years$83,231$72,036$62,152$53,473$45,892$22,202
15 years$76,880$65,806$56,115$47,689$40,407$18,350
16 years$71,329$60,376$50,876$42,700$35,712$15,205
17 years$66,436$55,604$46,295$38,366$31,665$12,625
18 years$62,092$51,381$42,262$34,575$28,155$10,502
19 years$58,209$47,619$38,689$31,242$25,095$8,748
20 years$54,719$44,250$35,506$28,295$22,415$7,295
21 years$51,565$41,217$32,659$25,680$20,059$6,090
22 years$48,702$38,475$30,100$23,349$17,980$5,088
23 years$46,092$35,985$27,792$21,264$16,140$4,254
24 years$43,703$33,715$25,703$19,394$14,507$3,558
25 years$41,508$31,640$23,806$17,712$13,054$2,978
26 years$39,486$29,737$22,079$16,195$11,759$2,493
27 years$37,616$27,986$20,502$14,824$10,601$2,088
28 years$35,883$26,371$19,060$13,582$9,566$1,749
29 years$34,273$24,878$17,737$12,455$8,638$1,466
30 years$32,773$23,494$16,521$11,430$7,805$1,229
31 years$31,372$22,210$15,402$10,498$7,056$1,030
32 years$30,061$21,015$14,370$9,648$6,383$863
33 years$28,833$19,902$13,418$8,872$5,777$724
34 years$27,679$18,862$12,537$8,163$5,230$607
35 years$26,593$17,891$11,721$7,514$4,737$509
36 years$25,571$16,981$10,965$6,921$4,292$427
37 years$24,605$16,128$10,263$6,376$3,890$358
38 years$23,693$15,327$9,611$5,877$3,527$300
39 years$22,829$14,575$9,004$5,419$3,198$252
40 years$22,011$13,867$8,440$4,998$2,901$211
41 years$21,235$13,200$7,914$4,612$2,632$177
42 years$20,498$12,571$7,423$4,256$2,388$149
43 years$19,797$11,978$6,966$3,929$2,167$125
44 years$19,129$11,417$6,539$3,628$1,967$105
45 years$18,493$10,887$6,139$3,350$1,786$88
46 years$17,887$10,386$5,766$3,095$1,621$74
47 years$17,308$9,911$5,417$2,859$1,472$62
48 years$16,754$9,462$5,091$2,642$1,337$52
49 years$16,225$9,035$4,785$2,442$1,214$43
50 years$15,719$8,631$4,499$2,257$1,103$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,100,000, adding $2,803 every year, while hoping to spend $47,664 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: 56/18/26 Blend
57$16,100,000$16,100,000$16,100,000$16,100,000
58$17,745,091$16,891,791$16,642,241$18,612,080
59$19,504,376$17,668,775$17,149,042$19,984,664
60$21,441,511$18,482,233$17,671,224$21,474,140
61$23,574,586$19,333,903$18,209,250$23,096,012
62$25,923,535$20,225,605$18,763,601$24,863,053
63$28,510,323$21,159,248$19,334,769$26,789,311
64$31,359,155$22,136,830$19,923,263$28,890,239
65$34,496,702$23,160,448$20,529,606$31,182,831
66$37,952,355$24,232,299$21,154,337$33,685,786
67$41,758,500$25,354,687$21,798,012$36,419,673
68$45,950,824$26,530,024$22,461,202$39,407,126
69$50,568,654$27,760,840$23,144,498$42,673,050
70$55,655,323$29,049,788$23,848,506$46,244,851
71$61,258,586$30,399,648$24,573,851$50,152,692
72$67,431,064$31,813,333$25,321,177$54,429,771
73$74,230,744$33,293,898$26,091,148$59,112,627
74$81,721,525$34,844,544$26,884,447$64,241,483
75$89,973,823$36,468,628$27,701,777$69,860,615
76$99,065,230$38,169,669$28,543,865$76,018,768
77$109,081,255$39,951,354$29,411,455$82,769,607
78$120,116,122$41,817,549$30,305,318$90,172,218
79$132,273,666$43,772,309$31,226,246$98,291,656
80$145,668,309$45,819,881$32,175,054$107,199,557
81$160,426,142$47,964,720$33,152,584$116,974,800
82$176,686,113$50,211,496$34,159,700$127,704,248
83$194,601,341$52,565,104$35,197,294$139,483,557
84$214,340,559$55,030,676$36,266,285$152,418,072
85$236,089,709$57,613,592$37,367,619$166,623,812
86$260,053,695$60,319,493$38,502,269$182,228,554
87$286,458,316$63,154,292$39,671,239$199,373,030
88$315,552,401$66,124,190$40,875,563$218,212,246
89$347,610,157$69,235,685$42,116,304$238,916,933
90$382,933,752$72,495,594$43,394,560$261,675,149
91$421,856,177$75,911,059$44,711,460$286,694,040
92$464,744,379$79,489,573$46,068,166$314,201,784
93$512,002,731$83,238,989$47,465,876$344,449,734
94$564,076,851$87,167,540$48,905,823$377,714,774
95$621,457,800$91,283,860$50,389,279$414,301,922
96$684,686,728$95,597,001$51,917,552$454,547,191
97$754,359,973$100,116,453$53,491,989$498,820,750
98$831,134,698$104,852,167$55,113,978$547,530,398
99$915,735,090$109,814,576$56,784,949$601,125,401
100$1,008,959,199$115,014,620$58,506,375$660,100,711