Can I retire at age 58 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,258,358
2 years$670,444$657,958$645,856$634,123$622,742$573,545
3 years$442,523$429,982$417,912$406,289$395,093$347,648
4 years$328,585$316,083$304,133$292,708$281,784$236,451
5 years$260,239$247,813$236,019$224,828$214,208$171,105
6 years$214,691$202,358$190,739$179,797$169,495$128,653
7 years$182,169$169,940$158,505$147,821$137,845$99,251
8 years$157,789$145,670$134,425$124,003$114,356$77,974
9 years$138,836$126,832$115,780$105,623$96,304$62,083
10 years$123,683$111,796$100,940$91,048$82,056$49,933
11 years$111,293$99,525$88,866$79,239$70,571$40,474
12 years$100,976$89,329$78,866$69,503$61,155$33,009
13 years$92,252$80,727$70,462$61,361$53,328$27,051
14 years$84,782$73,379$63,310$54,470$46,747$22,255
15 years$78,313$67,033$57,160$48,577$41,160$18,367
16 years$72,658$61,501$51,824$43,496$36,377$15,197
17 years$67,674$56,640$47,158$39,081$32,255$12,601
18 years$63,249$52,338$43,049$35,219$28,679$10,465
19 years$59,294$48,506$39,409$31,824$25,563$8,704
20 years$55,738$45,075$36,168$28,823$22,833$7,248
21 years$52,526$41,985$33,268$26,158$20,433$6,041
22 years$49,610$39,192$30,661$23,784$18,315$5,039
23 years$46,951$36,655$28,310$21,660$16,441$4,207
24 years$44,517$34,343$26,182$19,756$14,777$3,513
25 years$42,282$32,230$24,250$18,042$13,297$2,936
26 years$40,222$30,291$22,491$16,497$11,978$2,454
27 years$38,317$28,507$20,885$15,100$10,799$2,052
28 years$36,552$26,862$19,415$13,835$9,744$1,716
29 years$34,912$25,341$18,067$12,687$8,799$1,436
30 years$33,383$23,932$16,829$11,643$7,950$1,201
31 years$31,956$22,624$15,689$10,693$7,188$1,005
32 years$30,621$21,407$14,638$9,827$6,502$841
33 years$29,370$20,273$13,668$9,037$5,884$704
34 years$28,195$19,214$12,770$8,315$5,327$590
35 years$27,089$18,224$11,939$7,654$4,825$494
36 years$26,047$17,297$11,169$7,049$4,372$413
37 years$25,064$16,428$10,454$6,495$3,962$346
38 years$24,134$15,613$9,790$5,987$3,592$290
39 years$23,255$14,846$9,172$5,520$3,258$243
40 years$22,421$14,125$8,597$5,091$2,955$203
41 years$21,631$13,446$8,061$4,698$2,681$170
42 years$20,880$12,805$7,562$4,335$2,432$142
43 years$20,165$12,201$7,096$4,002$2,208$119
44 years$19,486$11,630$6,660$3,695$2,004$100
45 years$18,838$11,090$6,254$3,413$1,819$84
46 years$18,220$10,580$5,874$3,152$1,652$70
47 years$17,630$10,096$5,518$2,912$1,500$59
48 years$17,067$9,638$5,186$2,691$1,362$49
49 years$16,528$9,204$4,874$2,487$1,237$41
50 years$16,012$8,792$4,582$2,299$1,124$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,400,000, adding $5,535 every year, while hoping to spend $35,047 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: 48/38/14 Blend
57$16,400,000$16,400,000$16,400,000$16,400,000
58$18,078,509$17,209,309$16,955,109$18,875,605
59$19,885,228$18,015,276$17,485,816$20,232,457
60$21,875,056$18,859,560$18,033,126$21,700,820
61$24,066,636$19,744,002$18,597,560$23,294,390
62$26,480,507$20,670,533$19,179,652$25,024,879
63$29,139,304$21,641,174$19,779,956$26,905,144
64$32,067,968$22,658,047$20,399,040$28,949,307
65$35,293,985$23,723,375$21,037,491$31,172,878
66$38,847,640$24,839,489$21,695,916$33,592,895
67$42,762,309$26,008,833$22,374,938$36,228,075
68$47,074,768$27,233,970$23,075,203$39,098,988
69$51,825,545$28,517,585$23,797,373$42,228,237
70$57,059,300$29,862,496$24,542,134$45,640,668
71$62,825,246$31,271,656$25,310,193$49,363,592
72$69,177,614$32,748,160$26,102,277$53,427,034
73$76,176,166$34,295,255$26,919,139$57,864,010
74$83,886,756$35,916,344$27,761,552$62,710,822
75$92,381,957$37,614,996$28,630,315$68,007,396
76$101,741,738$39,394,953$29,526,252$73,797,645
77$112,054,228$41,260,137$30,450,214$80,129,871
78$123,416,538$43,214,663$31,403,075$87,057,210
79$135,935,686$45,262,843$32,385,739$94,638,119
80$149,729,604$47,409,200$33,399,139$102,936,917
81$164,928,248$49,658,475$34,444,235$112,024,375
82$181,674,830$52,015,641$35,522,017$121,978,373
83$200,127,166$54,485,911$36,633,508$132,884,614
84$220,459,167$57,074,751$37,779,761$144,837,424
85$242,862,483$59,787,894$38,961,864$157,940,617
86$267,548,305$62,631,350$40,180,935$172,308,466
87$294,749,368$65,611,422$41,438,132$188,066,756
88$324,722,140$68,734,718$42,734,646$205,353,957
89$357,749,247$72,008,168$44,071,706$224,322,506
90$394,142,141$75,439,039$45,450,578$245,140,229
91$434,244,037$79,034,950$46,872,571$267,991,901
92$478,433,159$82,803,892$48,339,032$293,080,965
93$527,126,302$86,754,244$49,851,350$320,631,433
94$580,782,773$90,894,791$51,410,959$350,889,968
95$639,908,727$95,234,746$53,019,338$384,128,194
96$705,061,941$99,783,773$54,678,009$420,645,223
97$776,857,082$104,552,000$56,388,545$460,770,457
98$855,971,510$109,550,054$58,152,567$504,866,661
99$943,151,673$114,789,076$59,971,747$553,333,360
100$1,039,220,151$120,280,748$61,847,808$606,610,573