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

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,285,286
2 years$662,268$649,934$637,980$626,390$615,148$608,564
3 years$437,126$424,739$412,815$401,334$390,275$383,834
4 years$324,577$312,228$300,424$289,139$278,348$272,100
5 years$257,066$244,791$233,141$222,086$211,595$205,560
6 years$212,073$199,890$188,413$177,604$167,428$161,612
7 years$179,948$167,867$156,572$146,018$136,164$130,570
8 years$155,865$143,893$132,785$122,491$112,961$107,590
9 years$137,143$125,285$114,368$104,335$95,130$89,980
10 years$122,175$110,433$99,709$89,938$81,055$76,125
11 years$109,936$98,312$87,782$78,273$69,710$64,996
12 years$99,744$88,239$77,904$68,656$60,409$55,907
13 years$91,127$79,742$69,602$60,613$52,678$48,384
14 years$83,748$72,484$62,538$53,805$46,177$42,086
15 years$77,358$66,215$56,463$47,985$40,658$36,764
16 years$71,772$60,751$51,192$42,965$35,934$32,232
17 years$66,849$55,950$46,583$38,604$31,861$28,347
18 years$62,477$51,700$42,524$34,790$28,330$24,996
19 years$58,570$47,915$38,929$31,436$25,251$22,092
20 years$55,059$44,525$35,727$28,471$22,555$19,564
21 years$51,886$41,473$32,862$25,839$20,184$17,356
22 years$49,005$38,714$30,287$23,494$18,092$15,421
23 years$46,378$36,208$27,965$21,396$16,240$13,720
24 years$43,974$33,925$25,863$19,515$14,597$12,221
25 years$41,766$31,837$23,954$17,822$13,135$10,897
26 years$39,731$29,921$22,216$16,295$11,832$9,725
27 years$37,850$28,159$20,630$14,916$10,667$8,686
28 years$36,106$26,534$19,178$13,666$9,625$7,764
29 years$34,486$25,032$17,847$12,532$8,691$6,944
30 years$32,976$23,640$16,624$11,501$7,853$6,215
31 years$31,567$22,348$15,498$10,563$7,100$5,565
32 years$30,248$21,146$14,460$9,708$6,423$4,985
33 years$29,012$20,025$13,501$8,927$5,812$4,467
34 years$27,851$18,979$12,615$8,214$5,262$4,005
35 years$26,759$18,002$11,794$7,561$4,766$3,591
36 years$25,729$17,086$11,033$6,964$4,319$3,221
37 years$24,758$16,228$10,327$6,416$3,914$2,891
38 years$23,840$15,422$9,670$5,914$3,549$2,594
39 years$22,971$14,665$9,060$5,453$3,218$2,329
40 years$22,148$13,953$8,492$5,029$2,919$2,091
41 years$21,367$13,282$7,963$4,640$2,648$1,877
42 years$20,625$12,649$7,469$4,282$2,403$1,686
43 years$19,919$12,052$7,009$3,953$2,181$1,514
44 years$19,248$11,488$6,579$3,650$1,979$1,360
45 years$18,608$10,955$6,178$3,371$1,797$1,222
46 years$17,998$10,451$5,802$3,114$1,631$1,098
47 years$17,415$9,973$5,451$2,877$1,481$987
48 years$16,858$9,521$5,122$2,658$1,345$887
49 years$16,326$9,092$4,815$2,457$1,222$797
50 years$15,817$8,685$4,527$2,271$1,110$716

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 $6,809 every year, while hoping to spend $28,661 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: 50/25/25 Blend
57$16,200,000$16,200,000$16,200,000$16,200,000
58$17,859,423$17,000,823$16,749,723$18,626,215
59$19,650,590$17,803,369$17,280,344$19,963,401
60$21,623,494$18,644,278$17,827,780$21,412,513
61$23,796,644$19,525,401$18,392,564$22,986,990
62$26,190,433$20,448,677$18,975,246$24,698,721
63$28,827,334$21,416,140$19,576,394$26,560,767
64$31,732,112$22,429,920$20,196,593$28,587,486
65$34,932,055$23,492,254$20,836,447$30,794,654
66$38,457,236$24,605,486$21,496,579$33,199,618
67$42,340,791$25,772,072$22,177,632$35,821,447
68$46,619,238$26,994,589$22,880,269$38,681,108
69$51,332,817$28,275,741$23,605,174$41,801,661
70$56,525,871$29,618,359$24,353,054$45,208,462
71$62,247,265$31,025,414$25,124,636$48,929,405
72$68,550,848$32,500,020$25,920,673$52,995,170
73$75,495,959$34,045,446$26,741,940$57,439,512
74$83,147,987$35,665,113$27,589,236$62,299,564
75$91,578,994$37,362,616$28,463,387$67,616,187
76$100,868,385$39,141,718$29,365,244$73,434,341
77$111,103,666$41,006,368$30,295,686$79,803,505
78$122,381,268$42,960,708$31,255,619$86,778,132
79$134,807,453$45,009,078$32,245,979$94,418,154
80$148,499,323$47,156,033$33,267,729$102,789,535
81$163,585,921$49,406,346$34,321,865$111,964,890
82$180,209,452$51,765,023$35,409,414$122,024,150
83$198,526,623$54,237,316$36,531,436$133,055,313
84$218,710,123$56,828,729$37,689,023$145,155,256
85$240,950,254$59,545,035$38,883,304$158,430,641
86$265,456,727$62,392,289$40,115,442$172,998,908
87$292,460,641$65,376,839$41,386,637$188,989,366
88$322,216,664$68,505,342$42,698,128$206,544,406
89$355,005,442$71,784,782$44,051,193$225,820,822
90$391,136,238$75,222,478$45,447,149$246,991,282
91$430,949,864$78,826,108$46,887,358$270,245,936
92$474,821,888$82,603,725$48,373,222$295,794,197
93$523,166,185$86,563,772$49,906,190$323,866,699
94$576,438,843$90,715,105$51,487,754$354,717,454
95$635,142,468$95,067,008$53,119,457$388,626,233
96$699,830,929$99,629,220$54,802,888$425,901,182
97$771,114,587$104,411,955$56,539,688$466,881,712
98$849,666,056$109,425,922$58,331,549$511,941,680
99$936,226,555$114,682,354$60,180,217$561,492,895
100$1,031,612,904$120,193,030$62,087,495$615,988,979