Can I retire at age 58 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,309,088
2 years$674,532$661,969$649,794$637,990$626,540$619,833
3 years$445,221$432,604$420,460$408,766$397,502$390,942
4 years$330,588$318,010$305,987$294,493$283,502$277,139
5 years$261,826$249,324$237,459$226,199$215,514$209,366
6 years$216,000$203,592$191,902$180,893$170,529$164,605
7 years$183,280$170,976$159,471$148,722$138,686$132,988
8 years$158,751$146,558$135,244$124,759$115,053$109,583
9 years$139,683$127,605$116,486$106,267$96,891$91,647
10 years$124,437$112,478$101,555$91,603$82,556$77,535
11 years$111,972$100,132$89,407$79,722$71,001$66,199
12 years$101,592$89,873$79,347$69,927$61,528$56,942
13 years$92,815$81,219$70,891$61,735$53,654$49,280
14 years$85,299$73,826$63,696$54,802$47,032$42,865
15 years$78,790$67,441$57,509$48,873$41,411$37,445
16 years$73,101$61,876$52,140$43,761$36,599$32,829
17 years$68,087$56,986$47,446$39,319$32,451$28,872
18 years$63,634$52,657$43,312$35,434$28,854$25,459
19 years$59,655$48,802$39,650$32,018$25,718$22,501
20 years$56,078$45,349$36,389$28,998$22,972$19,927
21 years$52,846$42,241$33,470$26,318$20,558$17,678
22 years$49,912$39,431$30,848$23,929$18,427$15,706
23 years$47,237$36,879$28,483$21,793$16,541$13,974
24 years$44,789$34,553$26,342$19,876$14,867$12,447
25 years$42,540$32,426$24,398$18,152$13,378$11,098
26 years$40,467$30,475$22,628$16,597$12,051$9,905
27 years$38,551$28,681$21,012$15,192$10,865$8,847
28 years$36,775$27,026$19,533$13,919$9,804$7,908
29 years$35,124$25,496$18,177$12,764$8,852$7,073
30 years$33,587$24,078$16,932$11,714$7,999$6,330
31 years$32,151$22,762$15,785$10,759$7,232$5,668
32 years$30,808$21,537$14,727$9,887$6,541$5,077
33 years$29,549$20,396$13,751$9,092$5,920$4,550
34 years$28,367$19,331$12,848$8,366$5,360$4,079
35 years$27,254$18,335$12,012$7,701$4,855$3,658
36 years$26,206$17,403$11,237$7,092$4,399$3,281
37 years$25,216$16,529$10,518$6,535$3,987$2,944
38 years$24,281$15,708$9,849$6,023$3,614$2,642
39 years$23,397$14,937$9,228$5,554$3,277$2,372
40 years$22,558$14,211$8,649$5,123$2,973$2,129
41 years$21,763$13,528$8,110$4,726$2,697$1,912
42 years$21,007$12,883$7,608$4,362$2,447$1,717
43 years$20,288$12,275$7,139$4,026$2,221$1,543
44 years$19,604$11,701$6,701$3,718$2,016$1,386
45 years$18,953$11,158$6,292$3,433$1,830$1,245
46 years$18,331$10,644$5,910$3,171$1,662$1,119
47 years$17,738$10,158$5,552$2,930$1,509$1,005
48 years$17,171$9,697$5,217$2,707$1,370$903
49 years$16,629$9,260$4,904$2,502$1,245$812
50 years$16,110$8,846$4,610$2,313$1,130$730

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,500,000, adding $2,387 every year, while hoping to spend $52,493 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: 73/17/10 Blend
57$16,500,000$16,500,000$16,500,000$16,500,000
58$18,185,462$17,310,962$17,055,212$19,478,985
59$19,984,527$18,103,347$17,570,710$21,125,867
60$21,965,337$18,932,800$18,101,717$22,922,297
61$24,146,376$19,801,081$18,648,698$24,888,382
62$26,548,008$20,710,035$19,212,131$27,040,885
63$29,192,676$21,661,598$19,792,509$29,398,255
64$32,105,108$22,657,796$20,390,337$31,980,799
65$35,312,553$23,700,752$21,006,138$34,810,871
66$38,845,039$24,792,695$21,640,449$37,913,080
67$42,735,653$25,935,957$22,293,824$41,314,515
68$47,020,855$27,132,983$22,966,832$45,045,004
69$51,740,821$28,386,339$23,660,060$49,137,384
70$56,939,825$29,698,709$24,374,112$53,627,814
71$62,666,652$31,072,911$25,109,610$58,556,106
72$68,975,063$32,511,897$25,867,195$63,966,101
73$75,924,300$34,018,759$26,647,526$69,906,076
74$83,579,642$35,596,742$27,451,282$76,429,197
75$92,013,028$37,249,245$28,279,162$83,594,012
76$101,303,729$38,979,831$29,131,886$91,465,003
77$111,539,102$40,792,234$30,010,196$100,113,187
78$122,815,407$42,690,371$30,914,855$109,616,779
79$135,238,724$44,678,345$31,846,649$120,061,931
80$148,925,948$46,760,458$32,806,386$131,543,529
81$164,005,895$48,941,220$33,794,899$144,166,092
82$180,620,515$51,225,359$34,813,048$158,044,745
83$198,926,237$53,617,831$35,861,713$173,306,304
84$219,095,438$56,123,829$36,941,806$190,090,461
85$241,318,078$58,748,802$38,054,261$208,551,098
86$265,803,486$61,498,458$39,200,044$228,857,732
87$292,782,342$64,378,782$40,380,145$251,197,104
88$322,508,848$67,396,050$41,595,587$275,774,936
89$355,263,133$70,556,839$42,847,422$302,817,861
90$391,353,894$73,868,046$44,136,732$332,575,556
91$431,121,311$77,336,900$45,464,633$365,323,089
92$474,940,258$80,970,982$46,832,272$401,363,499
93$523,223,843$84,778,238$48,240,830$441,030,656
94$576,427,302$88,766,999$49,691,526$484,692,391
95$635,052,305$92,946,000$51,185,610$532,753,965
96$699,651,686$97,324,399$52,724,373$585,661,876
97$770,834,660$101,911,797$54,309,142$643,908,065
98$849,272,581$106,718,261$55,941,284$708,034,546
99$935,705,272$111,754,343$57,622,205$778,638,505
100$1,030,948,015$117,031,111$59,353,354$856,377,926