Can I retire at age 58 with 16,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,250,960
2 years$662,268$649,934$637,980$626,390$615,148$574,362
3 years$437,126$424,739$412,815$401,334$390,275$350,833
4 years$324,577$312,228$300,424$289,139$278,348$240,552
5 years$257,066$244,791$233,141$222,086$211,595$175,548
6 years$212,073$199,890$188,413$177,604$167,428$133,159
7 years$179,948$167,867$156,572$146,018$136,164$103,670
8 years$155,865$143,893$132,785$122,491$112,961$82,221
9 years$137,143$125,285$114,368$104,335$95,130$66,109
10 years$122,175$110,433$99,709$89,938$81,055$53,710
11 years$109,936$98,312$87,782$78,273$69,710$43,991
12 years$99,744$88,239$77,904$68,656$60,409$36,261
13 years$91,127$79,742$69,602$60,613$52,678$30,043
14 years$83,748$72,484$62,538$53,805$46,177$24,994
15 years$77,358$66,215$56,463$47,985$40,658$20,863
16 years$71,772$60,751$51,192$42,965$35,934$17,463
17 years$66,849$55,950$46,583$38,604$31,861$14,651
18 years$62,477$51,700$42,524$34,790$28,330$12,315
19 years$58,570$47,915$38,929$31,436$25,251$10,367
20 years$55,059$44,525$35,727$28,471$22,555$8,739
21 years$51,886$41,473$32,862$25,839$20,184$7,375
22 years$49,005$38,714$30,287$23,494$18,092$6,229
23 years$46,378$36,208$27,965$21,396$16,240$5,266
24 years$43,974$33,925$25,863$19,515$14,597$4,454
25 years$41,766$31,837$23,954$17,822$13,135$3,770
26 years$39,731$29,921$22,216$16,295$11,832$3,192
27 years$37,850$28,159$20,630$14,916$10,667$2,704
28 years$36,106$26,534$19,178$13,666$9,625$2,291
29 years$34,486$25,032$17,847$12,532$8,691$1,942
30 years$32,976$23,640$16,624$11,501$7,853$1,646
31 years$31,567$22,348$15,498$10,563$7,100$1,396
32 years$30,248$21,146$14,460$9,708$6,423$1,184
33 years$29,012$20,025$13,501$8,927$5,812$1,004
34 years$27,851$18,979$12,615$8,214$5,262$852
35 years$26,759$18,002$11,794$7,561$4,766$723
36 years$25,729$17,086$11,033$6,964$4,319$613
37 years$24,758$16,228$10,327$6,416$3,914$520
38 years$23,840$15,422$9,670$5,914$3,549$442
39 years$22,971$14,665$9,060$5,453$3,218$375
40 years$22,148$13,953$8,492$5,029$2,919$318
41 years$21,367$13,282$7,963$4,640$2,648$270
42 years$20,625$12,649$7,469$4,282$2,403$229
43 years$19,919$12,052$7,009$3,953$2,181$194
44 years$19,248$11,488$6,579$3,650$1,979$165
45 years$18,608$10,955$6,178$3,371$1,797$140
46 years$17,998$10,451$5,802$3,114$1,631$119
47 years$17,415$9,973$5,451$2,877$1,481$101
48 years$16,858$9,521$5,122$2,658$1,345$86
49 years$16,326$9,092$4,815$2,457$1,222$73
50 years$15,817$8,685$4,527$2,271$1,110$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,200,000, adding $4,758 every year, while hoping to spend $42,401 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: 45/26/29 Blend
57$16,200,000$16,200,000$16,200,000$16,200,000
58$17,857,308$16,998,708$16,747,608$18,510,840
59$19,633,639$17,786,530$17,263,538$19,764,645
60$21,589,735$18,611,535$17,795,332$21,119,168
61$23,743,886$19,475,499$18,343,474$22,587,436
62$26,116,249$20,380,285$18,908,467$24,180,103
63$28,729,034$21,327,846$19,490,827$25,908,869
64$31,606,713$22,320,228$20,091,088$27,786,590
65$34,776,257$23,359,578$20,709,799$29,827,389
66$38,267,382$24,448,145$21,347,524$32,046,786
67$42,112,836$25,588,285$22,004,847$34,461,839
68$46,348,706$26,782,471$22,682,369$37,091,297
69$51,014,755$28,033,293$23,380,710$39,955,772
70$56,154,803$29,343,468$24,100,507$43,077,926
71$61,817,138$30,715,843$24,842,419$46,482,678
72$68,054,969$32,153,402$25,607,123$50,197,432
73$74,926,932$33,659,274$26,395,317$54,252,329
74$82,497,641$35,236,741$27,207,723$58,680,522
75$90,838,300$36,889,241$28,045,081$63,518,481
76$100,027,371$38,620,379$28,908,156$68,806,328
77$110,151,321$40,433,935$29,797,737$74,588,209
78$121,305,429$42,333,871$30,714,635$80,912,698
79$133,594,695$44,324,343$31,659,687$87,833,248
80$147,134,824$46,409,706$32,633,756$95,408,683
81$162,053,320$48,594,525$33,637,731$103,703,746
82$178,490,691$50,883,589$34,672,528$112,789,693
83$196,601,773$53,281,917$35,739,090$122,744,962
84$216,557,195$55,794,772$36,838,390$133,655,893
85$238,544,984$58,427,671$37,971,431$145,617,535
86$262,772,344$61,186,399$39,139,246$158,734,528
87$289,467,612$64,077,021$40,342,900$173,122,077
88$318,882,411$67,105,898$41,583,489$188,907,026
89$351,294,026$70,279,696$42,862,145$206,229,039
90$387,008,023$73,605,407$44,180,033$225,241,901
91$426,361,130$77,090,361$45,538,353$246,114,956
92$469,724,420$80,742,243$46,938,343$269,034,686
93$517,506,811$84,569,114$48,381,278$294,206,454
94$570,158,927$88,579,421$49,868,472$321,856,423
95$628,177,351$92,782,026$51,401,279$352,233,671
96$692,109,314$97,186,219$52,981,095$385,612,522
97$762,557,861$101,801,740$54,609,358$422,295,114
98$840,187,541$106,638,803$56,287,549$462,614,228
99$925,730,684$111,708,119$58,017,197$506,936,405
100$1,019,994,315$117,020,918$59,799,874$555,665,384