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%11.6%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,275,211
2 years$658,180$645,922$634,042$622,523$611,351$602,652
3 years$434,428$422,117$410,267$398,857$387,866$379,363
4 years$322,574$310,301$298,569$287,354$276,629$268,387
5 years$255,479$243,280$231,702$220,715$210,289$202,333
6 years$210,764$198,656$187,250$176,508$166,395$158,734
7 years$178,837$166,831$155,605$145,117$135,323$127,962
8 years$154,902$143,005$131,966$121,735$112,264$105,202
9 years$136,297$124,512$113,662$103,691$94,542$87,778
10 years$121,421$109,751$99,093$89,383$80,555$74,085
11 years$109,257$97,705$87,240$77,790$69,280$63,099
12 years$99,129$87,694$77,423$68,232$60,036$54,140
13 years$90,565$79,250$69,173$60,239$52,353$46,735
14 years$83,231$72,036$62,152$53,473$45,892$40,546
15 years$76,880$65,806$56,115$47,689$40,407$35,325
16 years$71,329$60,376$50,876$42,700$35,712$30,886
17 years$66,436$55,604$46,295$38,366$31,665$27,088
18 years$62,092$51,381$42,262$34,575$28,155$23,819
19 years$58,209$47,619$38,689$31,242$25,095$20,992
20 years$54,719$44,250$35,506$28,295$22,415$18,537
21 years$51,565$41,217$32,659$25,680$20,059$16,396
22 years$48,702$38,475$30,100$23,349$17,980$14,525
23 years$46,092$35,985$27,792$21,264$16,140$12,883
24 years$43,703$33,715$25,703$19,394$14,507$11,441
25 years$41,508$31,640$23,806$17,712$13,054$10,170
26 years$39,486$29,737$22,079$16,195$11,759$9,048
27 years$37,616$27,986$20,502$14,824$10,601$8,056
28 years$35,883$26,371$19,060$13,582$9,566$7,178
29 years$34,273$24,878$17,737$12,455$8,638$6,400
30 years$32,773$23,494$16,521$11,430$7,805$5,709
31 years$31,372$22,210$15,402$10,498$7,056$5,095
32 years$30,061$21,015$14,370$9,648$6,383$4,549
33 years$28,833$19,902$13,418$8,872$5,777$4,063
34 years$27,679$18,862$12,537$8,163$5,230$3,631
35 years$26,593$17,891$11,721$7,514$4,737$3,245
36 years$25,571$16,981$10,965$6,921$4,292$2,901
37 years$24,605$16,128$10,263$6,376$3,890$2,594
38 years$23,693$15,327$9,611$5,877$3,527$2,320
39 years$22,829$14,575$9,004$5,419$3,198$2,076
40 years$22,011$13,867$8,440$4,998$2,901$1,857
41 years$21,235$13,200$7,914$4,612$2,632$1,662
42 years$20,498$12,571$7,423$4,256$2,388$1,488
43 years$19,797$11,978$6,966$3,929$2,167$1,332
44 years$19,129$11,417$6,539$3,628$1,967$1,192
45 years$18,493$10,887$6,139$3,350$1,786$1,067
46 years$17,887$10,386$5,766$3,095$1,621$956
47 years$17,308$9,911$5,417$2,859$1,472$856
48 years$16,754$9,462$5,091$2,642$1,337$766
49 years$16,225$9,035$4,785$2,442$1,214$686
50 years$15,719$8,631$4,499$2,257$1,103$615

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 $2,350 every year, while hoping to spend $52,873 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: 54/25/21 Blend
57$16,100,000$16,100,000$16,100,000$16,100,000
58$17,744,624$16,891,324$16,641,774$18,600,888
59$19,498,319$17,662,742$17,143,017$19,959,932
60$21,429,119$18,470,188$17,659,280$21,432,844
61$23,555,033$19,315,371$18,191,009$23,035,122
62$25,895,904$20,200,082$18,738,666$24,779,144
63$28,473,600$21,126,200$19,302,724$26,678,518
64$31,312,214$22,095,690$19,883,673$28,748,205
65$34,438,298$23,110,617$20,482,013$31,004,654
66$37,881,107$24,173,140$21,098,264$33,465,955
67$41,672,882$25,285,526$21,732,958$36,152,002
68$45,849,146$26,450,147$22,386,642$39,084,676
69$50,449,047$27,669,492$23,059,882$42,288,049
70$55,515,721$28,946,168$23,753,260$45,788,601
71$61,096,703$30,282,909$24,467,373$49,615,465
72$67,244,374$31,682,580$25,202,837$53,800,698
73$74,016,456$33,148,182$25,960,288$58,379,573
74$81,476,555$34,682,863$26,740,378$63,390,908
75$89,694,762$36,289,921$27,543,778$68,877,426
76$98,748,315$37,972,815$28,371,183$74,886,146
77$108,722,328$39,735,168$29,223,303$81,468,822
78$119,710,594$41,580,780$30,100,872$88,682,424
79$131,816,469$43,513,632$31,004,645$96,589,666
80$145,153,847$45,537,899$31,935,399$105,259,589
81$159,848,240$47,657,955$32,893,935$114,768,201
82$176,037,954$49,878,389$33,881,076$125,199,190
83$193,875,403$52,204,008$34,897,669$136,644,698
84$213,528,541$54,639,852$35,944,588$149,206,183
85$235,182,452$57,191,204$37,022,731$162,995,365
86$259,041,093$59,863,603$38,133,023$178,135,269
87$285,329,221$62,662,856$39,276,416$194,761,373
88$314,294,514$65,595,049$40,453,889$213,022,875
89$346,209,912$68,666,564$41,666,452$233,084,087
90$381,376,187$71,884,090$42,915,142$255,125,974
91$420,124,788$75,254,640$44,201,029$279,347,845
92$462,820,965$78,785,565$45,525,212$305,969,221
93$509,867,220$82,484,575$46,888,824$335,231,890
94$561,707,107$86,359,750$48,293,030$367,402,175
95$618,829,416$90,419,561$49,739,030$402,773,426
96$681,772,788$94,672,891$51,228,059$441,668,777
97$751,130,801$99,129,051$52,761,387$484,444,173
98$827,557,572$103,797,805$54,340,324$531,491,710
99$911,773,935$108,689,388$55,966,215$583,243,317
100$1,004,574,239$113,814,531$57,640,446$640,174,813