Can I retire at age 58 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,263,752
2 years$666,356$653,946$641,918$630,257$618,945$582,911
3 years$439,824$427,361$415,363$403,811$392,684$357,778
4 years$326,581$314,155$302,278$290,923$280,066$246,555
5 years$258,653$246,302$234,580$223,457$212,901$180,878
6 years$213,382$201,124$189,576$178,700$168,462$137,956
7 years$181,058$168,903$157,538$146,919$137,004$108,018
8 years$156,827$144,781$133,605$123,247$113,658$86,175
9 years$137,990$126,058$115,074$104,979$95,717$69,710
10 years$122,929$111,114$100,324$90,493$81,556$56,992
11 years$110,615$98,918$88,324$78,756$70,140$46,980
12 years$100,360$88,784$78,385$69,080$60,782$38,982
13 years$91,690$80,235$70,032$60,987$53,003$32,516
14 years$84,265$72,931$62,924$54,137$46,462$27,239
15 years$77,835$66,624$56,812$48,281$40,909$22,899
16 years$72,215$61,126$51,508$43,230$36,156$19,306
17 years$67,261$56,295$46,870$38,842$32,058$16,315
18 years$62,863$52,019$42,787$35,005$28,505$13,816
19 years$58,932$48,211$39,169$31,630$25,407$11,719
20 years$55,399$44,800$35,948$28,647$22,694$9,954
21 years$52,206$41,729$33,065$25,999$20,308$8,465
22 years$49,307$38,953$30,474$23,639$18,204$7,207
23 years$46,665$36,432$28,138$21,528$16,341$6,140
24 years$44,246$34,134$26,023$19,635$14,687$5,235
25 years$42,024$32,033$24,102$17,932$13,216$4,466
26 years$39,976$30,106$22,353$16,396$11,905$3,812
27 years$38,084$28,333$20,757$15,008$10,733$3,256
28 years$36,329$26,698$19,296$13,750$9,685$2,781
29 years$34,699$25,187$17,957$12,609$8,745$2,377
30 years$33,180$23,786$16,726$11,572$7,902$2,032
31 years$31,762$22,486$15,593$10,628$7,144$1,737
32 years$30,435$21,276$14,549$9,768$6,462$1,485
33 years$29,191$20,149$13,584$8,982$5,848$1,270
34 years$28,023$19,097$12,692$8,264$5,295$1,087
35 years$26,924$18,113$11,867$7,608$4,796$930
36 years$25,888$17,192$11,101$7,007$4,345$796
37 years$24,911$16,328$10,390$6,456$3,938$681
38 years$23,987$15,518$9,730$5,950$3,570$583
39 years$23,113$14,756$9,116$5,486$3,238$499
40 years$22,285$14,039$8,544$5,060$2,937$427
41 years$21,499$13,364$8,012$4,669$2,664$365
42 years$20,752$12,727$7,515$4,309$2,418$313
43 years$20,042$12,126$7,052$3,978$2,194$268
44 years$19,367$11,559$6,620$3,673$1,992$229
45 years$18,723$11,023$6,216$3,392$1,808$196
46 years$18,109$10,515$5,838$3,133$1,642$168
47 years$17,523$10,035$5,485$2,895$1,491$144
48 years$16,963$9,579$5,154$2,675$1,354$123
49 years$16,427$9,148$4,845$2,472$1,229$105
50 years$15,914$8,738$4,555$2,285$1,117$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,300,000, adding $3,945 every year, while hoping to spend $43,471 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: 33/42/25 Blend
57$16,300,000$16,300,000$16,300,000$16,300,000
58$17,966,669$17,102,769$16,850,119$18,422,292
59$19,753,017$17,894,552$17,368,345$19,557,806
60$21,720,115$18,723,675$17,902,475$20,776,553
61$23,886,354$19,591,923$18,452,996$22,089,195
62$26,271,999$20,501,164$19,020,408$23,504,055
63$28,899,381$21,453,359$19,605,230$25,030,250
64$31,793,107$22,450,563$20,207,994$26,677,772
65$34,980,291$23,494,928$20,829,249$28,457,574
66$38,490,813$24,588,712$21,469,561$30,381,660
67$42,357,598$25,734,281$22,129,514$32,463,198
68$46,616,928$26,934,116$22,809,708$34,716,631
69$51,308,784$28,190,816$23,510,762$37,157,804
70$56,477,222$29,507,108$24,233,314$39,804,104
71$62,170,791$30,885,849$24,978,023$42,674,616
72$68,442,991$32,330,035$25,745,566$45,790,290
73$75,352,775$33,842,805$26,536,641$49,174,128
74$82,965,107$35,427,452$27,351,968$52,851,394
75$91,351,577$37,087,427$28,192,288$56,849,832
76$100,591,074$38,826,347$29,058,366$61,199,924
77$110,770,532$40,648,006$29,950,989$65,935,158
78$121,985,748$42,556,379$30,870,969$71,092,334
79$134,342,289$44,555,637$31,819,141$76,711,895
80$147,956,488$46,650,149$32,796,369$82,838,296
81$162,956,542$48,844,498$33,803,538$89,520,404
82$179,483,718$51,143,488$34,841,566$96,811,947
83$197,693,693$53,552,154$35,911,394$104,772,000
84$217,758,019$56,075,779$37,013,995$113,465,527
85$239,865,742$58,719,897$38,150,369$122,963,976
86$264,225,189$61,490,314$39,321,548$133,345,931
87$291,065,934$64,393,115$40,528,596$144,697,834
88$320,640,963$67,434,682$41,772,607$157,114,781
89$353,229,064$70,621,703$43,054,712$170,701,396
90$389,137,457$73,961,195$44,376,073$185,572,793
91$428,704,695$77,460,511$45,737,889$201,855,642
92$472,303,861$81,127,363$47,141,395$219,689,333
93$520,346,087$84,969,836$48,587,865$239,227,271
94$573,284,438$88,996,409$50,078,608$260,638,292
95$631,618,187$93,215,969$51,614,978$284,108,227
96$695,897,529$97,637,838$53,198,366$309,841,626
97$766,728,773$102,271,788$54,830,208$338,063,657
98$844,780,070$107,128,068$56,511,982$369,022,196
99$930,787,716$112,217,422$58,245,212$402,990,132
100$1,025,563,103$117,551,116$60,031,467$440,267,908