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

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,249,695
2 years$666,356$653,946$641,918$630,257$618,945$569,078
3 years$439,824$427,361$415,363$403,811$392,684$344,609
4 years$326,581$314,155$302,278$290,923$280,066$234,148
5 years$258,653$246,302$234,580$223,457$212,901$169,260
6 years$213,382$201,124$189,576$178,700$168,462$127,125
7 years$181,058$168,903$157,538$146,919$137,004$97,960
8 years$156,827$144,781$133,605$123,247$113,658$76,868
9 years$137,990$126,058$115,074$104,979$95,717$61,128
10 years$122,929$111,114$100,324$90,493$81,556$49,102
11 years$110,615$98,918$88,324$78,756$70,140$39,749
12 years$100,360$88,784$78,385$69,080$60,782$32,374
13 years$91,690$80,235$70,032$60,987$53,003$26,495
14 years$84,265$72,931$62,924$54,137$46,462$21,767
15 years$77,835$66,624$56,812$48,281$40,909$17,939
16 years$72,215$61,126$51,508$43,230$36,156$14,821
17 years$67,261$56,295$46,870$38,842$32,058$12,270
18 years$62,863$52,019$42,787$35,005$28,505$10,176
19 years$58,932$48,211$39,169$31,630$25,407$8,451
20 years$55,399$44,800$35,948$28,647$22,694$7,026
21 years$52,206$41,729$33,065$25,999$20,308$5,847
22 years$49,307$38,953$30,474$23,639$18,204$4,870
23 years$46,665$36,432$28,138$21,528$16,341$4,059
24 years$44,246$34,134$26,023$19,635$14,687$3,384
25 years$42,024$32,033$24,102$17,932$13,216$2,823
26 years$39,976$30,106$22,353$16,396$11,905$2,356
27 years$38,084$28,333$20,757$15,008$10,733$1,967
28 years$36,329$26,698$19,296$13,750$9,685$1,642
29 years$34,699$25,187$17,957$12,609$8,745$1,372
30 years$33,180$23,786$16,726$11,572$7,902$1,146
31 years$31,762$22,486$15,593$10,628$7,144$957
32 years$30,435$21,276$14,549$9,768$6,462$800
33 years$29,191$20,149$13,584$8,982$5,848$669
34 years$28,023$19,097$12,692$8,264$5,295$559
35 years$26,924$18,113$11,867$7,608$4,796$467
36 years$25,888$17,192$11,101$7,007$4,345$390
37 years$24,911$16,328$10,390$6,456$3,938$326
38 years$23,987$15,518$9,730$5,950$3,570$273
39 years$23,113$14,756$9,116$5,486$3,238$228
40 years$22,285$14,039$8,544$5,060$2,937$191
41 years$21,499$13,364$8,012$4,669$2,664$159
42 years$20,752$12,727$7,515$4,309$2,418$133
43 years$20,042$12,126$7,052$3,978$2,194$111
44 years$19,367$11,559$6,620$3,673$1,992$93
45 years$18,723$11,023$6,216$3,392$1,808$78
46 years$18,109$10,515$5,838$3,133$1,642$65
47 years$17,523$10,035$5,485$2,895$1,491$54
48 years$16,963$9,579$5,154$2,675$1,354$46
49 years$16,427$9,148$4,845$2,472$1,229$38
50 years$15,914$8,738$4,555$2,285$1,117$32

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 $5,470 every year, while hoping to spend $20,117 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: 53/39/8 Blend
57$16,300,000$16,300,000$16,300,000$16,300,000
58$17,968,242$17,104,342$16,851,692$18,884,959
59$19,779,599$17,921,051$17,394,820$20,323,981
60$21,775,039$18,777,104$17,955,468$21,886,063
61$23,973,319$19,674,408$18,534,202$23,584,989
62$26,395,106$20,614,962$19,131,606$25,433,696
63$29,063,176$21,600,864$19,748,283$27,446,394
64$32,002,625$22,634,312$20,384,856$29,638,692
65$35,241,111$23,717,611$21,041,967$32,027,740
66$38,809,110$24,853,180$21,720,279$34,632,383
67$42,740,207$26,043,554$22,420,476$37,473,329
68$47,071,412$27,291,392$23,143,266$40,573,342
69$51,843,509$28,599,483$23,889,378$43,957,442
70$57,101,440$29,970,751$24,659,566$47,653,137
71$62,894,732$31,408,262$25,454,606$51,690,674
72$69,277,961$32,915,234$26,275,302$56,103,309
73$76,311,271$34,495,038$27,122,482$60,927,619
74$84,060,938$36,151,212$27,997,002$66,203,831
75$92,599,996$37,887,464$28,899,745$71,976,192
76$102,008,932$39,707,686$29,831,622$78,293,377
77$112,376,436$41,615,956$30,793,575$85,208,935
78$123,800,248$43,616,553$31,786,575$92,781,781
79$136,388,073$45,713,963$32,811,625$101,076,741
80$150,258,602$47,912,894$33,869,760$110,165,149
81$165,542,632$50,218,278$34,962,050$120,125,504
82$182,384,300$52,635,293$36,089,597$131,044,200
83$200,942,441$55,169,365$37,253,542$143,016,322
84$221,392,094$57,826,187$38,455,059$156,146,527
85$243,926,147$60,611,730$39,695,363$170,550,019
86$268,757,164$63,532,254$40,975,707$186,353,612
87$296,119,386$66,594,327$42,297,385$203,696,910
88$326,270,948$69,804,834$43,661,733$222,733,609
89$359,496,313$73,170,998$45,070,128$243,632,918
90$396,108,955$76,700,395$46,523,996$266,581,145
91$436,454,323$80,400,969$48,024,804$291,783,423
92$480,913,099$84,281,052$49,574,071$319,465,628
93$529,904,795$88,349,383$51,173,362$349,876,485
94$583,891,708$92,615,127$52,824,293$383,289,885
95$643,383,290$97,087,896$54,528,535$420,007,451
96$708,940,954$101,777,771$56,287,809$460,361,348
97$781,183,375$106,695,326$58,103,895$504,717,393
98$860,792,333$111,851,651$59,978,629$553,478,474
99$948,519,144$117,258,375$61,913,906$607,088,320
100$1,045,191,759$122,927,697$63,911,684$666,035,657