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%19.1%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,244,492
2 years$662,268$649,934$637,980$626,390$615,148$568,002
3 years$437,126$424,739$412,815$401,334$390,275$344,784
4 years$324,577$312,228$300,424$289,139$278,348$234,859
5 years$257,066$244,791$233,141$222,086$211,595$170,222
6 years$212,073$199,890$188,413$177,604$167,428$128,201
7 years$179,948$167,867$156,572$146,018$136,164$99,072
8 years$155,865$143,893$132,785$122,491$112,961$77,972
9 years$137,143$125,285$114,368$104,335$95,130$62,196
10 years$122,175$110,433$99,709$89,938$81,055$50,118
11 years$109,936$98,312$87,782$78,273$69,710$40,705
12 years$99,744$88,239$77,904$68,656$60,409$33,263
13 years$91,127$79,742$69,602$60,613$52,678$27,316
14 years$83,748$72,484$62,538$53,805$46,177$22,520
15 years$77,358$66,215$56,463$47,985$40,658$18,626
16 years$71,772$60,751$51,192$42,965$35,934$15,445
17 years$66,849$55,950$46,583$38,604$31,861$12,834
18 years$62,477$51,700$42,524$34,790$28,330$10,683
19 years$58,570$47,915$38,929$31,436$25,251$8,906
20 years$55,059$44,525$35,727$28,471$22,555$7,433
21 years$51,886$41,473$32,862$25,839$20,184$6,210
22 years$49,005$38,714$30,287$23,494$18,092$5,192
23 years$46,378$36,208$27,965$21,396$16,240$4,344
24 years$43,974$33,925$25,863$19,515$14,597$3,637
25 years$41,766$31,837$23,954$17,822$13,135$3,046
26 years$39,731$29,921$22,216$16,295$11,832$2,552
27 years$37,850$28,159$20,630$14,916$10,667$2,139
28 years$36,106$26,534$19,178$13,666$9,625$1,794
29 years$34,486$25,032$17,847$12,532$8,691$1,504
30 years$32,976$23,640$16,624$11,501$7,853$1,262
31 years$31,567$22,348$15,498$10,563$7,100$1,058
32 years$30,248$21,146$14,460$9,708$6,423$888
33 years$29,012$20,025$13,501$8,927$5,812$745
34 years$27,851$18,979$12,615$8,214$5,262$625
35 years$26,759$18,002$11,794$7,561$4,766$525
36 years$25,729$17,086$11,033$6,964$4,319$441
37 years$24,758$16,228$10,327$6,416$3,914$370
38 years$23,840$15,422$9,670$5,914$3,549$310
39 years$22,971$14,665$9,060$5,453$3,218$261
40 years$22,148$13,953$8,492$5,029$2,919$219
41 years$21,367$13,282$7,963$4,640$2,648$184
42 years$20,625$12,649$7,469$4,282$2,403$154
43 years$19,919$12,052$7,009$3,953$2,181$129
44 years$19,248$11,488$6,579$3,650$1,979$109
45 years$18,608$10,955$6,178$3,371$1,797$91
46 years$17,998$10,451$5,802$3,114$1,631$77
47 years$17,415$9,973$5,451$2,877$1,481$64
48 years$16,858$9,521$5,122$2,658$1,345$54
49 years$16,326$9,092$4,815$2,457$1,222$45
50 years$15,817$8,685$4,527$2,271$1,110$38

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 $3,444 every year, while hoping to spend $31,852 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: 61/20/19 Blend
57$16,200,000$16,200,000$16,200,000$16,200,000
58$17,855,952$16,997,352$16,746,252$18,857,272
59$19,643,369$17,796,332$17,273,362$20,332,876
60$21,612,035$18,633,395$17,817,061$21,938,716
61$23,780,404$19,510,372$18,377,874$23,690,537
62$26,168,810$20,429,186$18,956,338$25,602,518
63$28,799,662$21,391,849$19,553,009$27,690,253
64$31,697,653$22,400,475$20,168,460$29,970,897
65$34,889,992$23,457,276$20,803,281$32,463,323
66$38,406,663$24,564,576$21,458,084$35,188,292
67$42,280,709$25,724,806$22,133,496$38,168,651
68$46,548,539$26,940,519$22,830,166$41,429,537
69$51,250,277$28,214,391$23,548,763$44,998,616
70$56,430,136$29,549,227$24,289,977$48,906,332
71$62,136,839$30,947,969$25,054,521$53,186,195
72$68,424,077$32,413,700$25,843,128$57,875,089
73$75,351,016$33,949,654$26,656,555$63,013,613
74$82,982,855$35,559,222$27,495,585$68,646,460
75$91,391,441$37,245,959$28,361,022$74,822,832
76$100,655,949$39,013,592$29,253,697$81,596,897
77$110,863,629$40,866,031$30,174,469$89,028,294
78$122,110,626$42,807,373$31,124,221$97,182,688
79$134,502,893$44,841,917$32,103,865$106,132,384
80$148,157,185$46,974,169$33,114,342$115,956,997
81$163,202,168$49,208,853$34,156,623$126,744,200
82$179,779,627$51,550,925$35,231,708$138,590,541
83$198,045,809$54,005,580$36,340,629$151,602,344
84$218,172,894$56,578,265$37,484,452$165,896,705
85$240,350,623$59,274,695$38,664,276$181,602,587
86$264,788,089$62,100,858$39,881,232$198,862,025
87$291,715,711$65,063,037$41,136,490$217,831,458
88$321,387,407$68,167,818$42,431,255$238,683,194
89$354,082,991$71,422,110$43,766,771$261,607,024
90$390,110,817$74,833,155$45,144,319$286,812,002
91$429,810,690$78,408,549$46,565,224$314,528,403
92$473,557,070$82,156,257$48,030,848$345,009,887
93$521,762,610$86,084,633$49,542,600$378,535,876
94$574,882,051$90,202,434$51,101,932$415,414,179
95$633,416,514$94,518,847$52,710,340$455,983,882
96$697,918,231$99,043,504$54,369,370$500,618,531
97$768,995,761$103,786,505$56,080,613$549,729,641
98$847,319,729$108,758,445$57,845,715$603,770,568
99$933,629,164$113,970,431$59,666,369$663,240,764
100$1,028,738,470$119,434,113$61,544,323$728,690,477