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 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,244,986
2 years$662,268$649,934$637,980$626,390$615,148$568,487
3 years$437,126$424,739$412,815$401,334$390,275$345,244
4 years$324,577$312,228$300,424$289,139$278,348$235,291
5 years$257,066$244,791$233,141$222,086$211,595$170,626
6 years$212,073$199,890$188,413$177,604$167,428$128,575
7 years$179,948$167,867$156,572$146,018$136,164$99,418
8 years$155,865$143,893$132,785$122,491$112,961$78,291
9 years$137,143$125,285$114,368$104,335$95,130$62,489
10 years$122,175$110,433$99,709$89,938$81,055$50,386
11 years$109,936$98,312$87,782$78,273$69,710$40,949
12 years$99,744$88,239$77,904$68,656$60,409$33,485
13 years$91,127$79,742$69,602$60,613$52,678$27,517
14 years$83,748$72,484$62,538$53,805$46,177$22,702
15 years$77,358$66,215$56,463$47,985$40,658$18,789
16 years$71,772$60,751$51,192$42,965$35,934$15,592
17 years$66,849$55,950$46,583$38,604$31,861$12,966
18 years$62,477$51,700$42,524$34,790$28,330$10,801
19 years$58,570$47,915$38,929$31,436$25,251$9,011
20 years$55,059$44,525$35,727$28,471$22,555$7,526
21 years$51,886$41,473$32,862$25,839$20,184$6,293
22 years$49,005$38,714$30,287$23,494$18,092$5,266
23 years$46,378$36,208$27,965$21,396$16,240$4,409
24 years$43,974$33,925$25,863$19,515$14,597$3,694
25 years$41,766$31,837$23,954$17,822$13,135$3,097
26 years$39,731$29,921$22,216$16,295$11,832$2,597
27 years$37,850$28,159$20,630$14,916$10,667$2,178
28 years$36,106$26,534$19,178$13,666$9,625$1,828
29 years$34,486$25,032$17,847$12,532$8,691$1,534
30 years$32,976$23,640$16,624$11,501$7,853$1,288
31 years$31,567$22,348$15,498$10,563$7,100$1,081
32 years$30,248$21,146$14,460$9,708$6,423$908
33 years$29,012$20,025$13,501$8,927$5,812$763
34 years$27,851$18,979$12,615$8,214$5,262$640
35 years$26,759$18,002$11,794$7,561$4,766$538
36 years$25,729$17,086$11,033$6,964$4,319$452
37 years$24,758$16,228$10,327$6,416$3,914$380
38 years$23,840$15,422$9,670$5,914$3,549$319
39 years$22,971$14,665$9,060$5,453$3,218$268
40 years$22,148$13,953$8,492$5,029$2,919$225
41 years$21,367$13,282$7,963$4,640$2,648$189
42 years$20,625$12,649$7,469$4,282$2,403$159
43 years$19,919$12,052$7,009$3,953$2,181$134
44 years$19,248$11,488$6,579$3,650$1,979$112
45 years$18,608$10,955$6,178$3,371$1,797$94
46 years$17,998$10,451$5,802$3,114$1,631$79
47 years$17,415$9,973$5,451$2,877$1,481$67
48 years$16,858$9,521$5,122$2,658$1,345$56
49 years$16,326$9,092$4,815$2,457$1,222$47
50 years$15,817$8,685$4,527$2,271$1,110$40

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 $2,112 every year, while hoping to spend $36,969 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: 46/39/15 Blend
57$16,200,000$16,200,000$16,200,000$16,200,000
58$17,854,579$16,995,979$16,744,879$18,599,788
59$19,636,411$17,789,447$17,266,497$19,911,464
60$21,598,751$18,620,556$17,804,351$21,329,697
61$23,759,972$19,491,111$18,358,945$22,867,483
62$26,140,319$20,403,006$18,930,800$24,535,939
63$28,762,101$21,358,223$19,520,451$26,347,269
64$31,649,903$22,358,843$20,128,454$28,314,872
65$34,830,813$23,407,047$20,755,377$30,453,462
66$38,334,684$24,505,120$21,401,810$32,779,196
67$42,194,410$25,655,459$22,068,359$35,309,825
68$46,446,241$26,860,577$22,755,650$38,064,848
69$51,130,120$28,123,108$23,464,327$41,065,693
70$56,290,065$29,445,813$24,195,055$44,335,906
71$61,974,581$30,831,588$24,948,519$47,901,365
72$68,237,121$32,283,468$25,725,427$51,790,518
73$75,136,586$33,804,636$26,526,507$56,034,639
74$82,737,883$35,398,429$27,352,510$60,668,112
75$91,112,539$37,068,344$28,204,211$65,728,747
76$100,339,375$38,818,050$29,082,410$71,258,125
77$110,505,249$40,651,393$29,987,928$77,301,975
78$121,705,877$42,572,404$30,921,617$83,910,601
79$134,046,736$44,585,310$31,884,350$91,139,336
80$147,644,058$46,694,546$32,877,031$99,049,054
81$162,625,931$48,904,757$33,900,590$107,706,730
82$179,133,503$51,220,817$34,955,987$117,186,059
83$197,322,319$53,647,836$36,044,211$127,568,133
84$217,363,785$56,191,170$37,166,282$138,942,191
85$239,446,791$58,856,438$38,323,253$151,406,447
86$263,779,489$61,649,528$39,516,206$165,068,994
87$290,591,259$64,576,617$40,746,261$180,048,810
88$320,134,877$67,644,181$42,014,571$196,476,862
89$352,688,898$70,859,009$43,322,323$214,497,315
90$388,560,288$74,228,223$44,670,742$234,268,881
91$428,087,319$77,759,287$46,061,094$255,966,287
92$471,642,764$81,460,031$47,494,679$279,781,903
93$519,637,416$85,338,663$48,972,841$305,927,537
94$572,523,967$89,403,791$50,496,965$334,636,402
95$630,801,276$93,664,442$52,068,479$366,165,295
96$695,019,088$98,130,081$53,688,854$400,796,993
97$765,783,212$102,810,632$55,359,608$438,842,889
98$843,761,251$107,716,505$57,082,306$480,645,906
99$929,688,897$112,858,611$58,858,562$526,583,694
100$1,024,376,878$118,248,397$60,690,037$577,072,170