Can I retire at age 58 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,279,798
2 years$678,620$665,981$653,733$641,856$630,337$586,525
3 years$447,919$435,226$423,008$411,244$399,912$357,573
4 years$332,592$319,937$307,842$296,278$285,220$244,679
5 years$263,413$250,835$238,898$227,570$216,820$178,183
6 years$217,309$204,825$193,065$181,989$171,562$134,862
7 years$184,391$172,012$160,438$149,624$139,526$104,757
8 years$159,713$147,446$136,064$125,515$115,750$82,887
9 years$140,529$128,378$117,192$106,911$97,479$66,482
10 years$125,192$113,159$102,171$92,159$83,057$53,877
11 years$112,651$100,739$89,949$80,206$71,431$44,014
12 years$102,207$90,418$79,828$70,351$61,901$36,184
13 years$93,377$81,711$71,321$62,109$53,979$29,897
14 years$85,816$74,273$64,082$55,134$47,318$24,804
15 years$79,268$67,850$57,857$49,170$41,662$20,646
16 years$73,544$62,251$52,456$44,026$36,821$17,232
17 years$68,499$57,331$47,733$39,557$32,648$14,414
18 years$64,020$52,976$43,574$35,649$29,029$12,080
19 years$60,017$49,098$39,890$32,212$25,874$10,139
20 years$56,418$45,624$36,609$29,174$23,111$8,521
21 years$53,167$42,497$33,673$26,477$20,682$7,168
22 years$50,215$39,670$31,035$24,074$18,539$6,036
23 years$47,523$37,102$28,656$21,925$16,641$5,086
24 years$45,060$34,762$26,501$19,996$14,958$4,289
25 years$42,797$32,623$24,546$18,262$13,460$3,618
26 years$40,712$30,660$22,765$16,698$12,124$3,054
27 years$38,785$28,855$21,139$15,284$10,931$2,578
28 years$36,998$27,190$19,652$14,003$9,863$2,178
29 years$35,337$25,650$18,288$12,841$8,906$1,840
30 years$33,790$24,224$17,034$11,785$8,047$1,554
31 years$32,346$22,900$15,880$10,824$7,275$1,314
32 years$30,995$21,668$14,817$9,947$6,581$1,111
33 years$29,728$20,520$13,834$9,147$5,956$939
34 years$28,538$19,448$12,926$8,416$5,392$794
35 years$27,419$18,446$12,085$7,748$4,884$671
36 years$26,365$17,508$11,305$7,135$4,425$568
37 years$25,369$16,629$10,582$6,574$4,011$480
38 years$24,429$15,803$9,909$6,060$3,636$406
39 years$23,538$15,027$9,284$5,587$3,297$343
40 years$22,695$14,297$8,702$5,154$2,991$290
41 years$21,894$13,610$8,159$4,755$2,713$246
42 years$21,134$12,961$7,654$4,388$2,462$208
43 years$20,411$12,350$7,182$4,051$2,234$176
44 years$19,723$11,772$6,742$3,740$2,028$149
45 years$19,067$11,225$6,330$3,454$1,841$126
46 years$18,442$10,709$5,945$3,191$1,672$106
47 years$17,845$10,219$5,586$2,948$1,518$90
48 years$17,275$9,756$5,249$2,724$1,379$76
49 years$16,729$9,316$4,934$2,517$1,252$64
50 years$16,207$8,899$4,638$2,327$1,137$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,600,000, adding $4,949 every year, while hoping to spend $21,870 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: 64/19/17 Blend
57$16,600,000$16,600,000$16,600,000$16,600,000
58$18,298,305$17,418,505$17,161,205$19,391,839
59$20,141,462$18,248,742$17,712,836$20,956,452
60$22,171,889$19,118,928$18,282,213$22,662,004
61$24,408,663$20,030,997$18,869,909$24,524,656
62$26,872,808$20,986,977$19,476,512$26,559,745
63$29,587,492$21,988,996$20,102,633$28,784,140
64$32,578,243$23,039,284$20,748,898$31,216,402
65$35,873,196$24,140,181$21,415,957$33,876,954
66$39,503,350$25,294,138$22,104,480$36,788,265
67$43,502,869$26,503,728$22,815,158$39,975,065
68$47,909,400$27,771,649$23,548,704$43,464,569
69$52,764,428$29,100,729$24,305,855$47,286,727
70$58,113,670$30,493,935$25,087,371$51,474,509
71$64,007,503$31,954,376$25,894,037$56,064,202
72$70,501,444$33,485,316$26,726,662$61,095,753
73$77,656,669$35,090,175$27,586,084$66,613,139
74$85,540,596$36,772,540$28,473,164$72,664,774
75$94,227,517$38,536,175$29,388,795$79,303,961
76$103,799,299$40,385,023$30,333,895$86,589,388
77$114,346,161$42,323,223$31,309,415$94,585,675
78$125,967,523$44,355,113$32,316,333$103,363,978
79$138,772,942$46,485,245$33,355,662$113,002,651
80$152,883,150$48,718,391$34,428,445$123,587,980
81$168,431,194$51,059,555$35,535,760$135,214,984
82$185,563,688$53,513,986$36,678,721$147,988,311
83$204,442,201$56,087,187$37,858,475$162,023,210
84$225,244,779$58,784,933$39,076,207$177,446,614
85$248,167,629$61,613,277$40,333,142$194,398,323
86$273,426,967$64,578,568$41,630,543$213,032,320
87$301,261,065$67,687,465$42,969,713$233,518,208
88$331,932,494$70,946,951$44,351,998$256,042,803
89$365,730,607$74,364,350$45,778,789$280,811,882
90$402,974,268$77,947,342$47,251,518$308,052,118
91$444,014,866$81,703,985$48,771,666$338,013,204
92$489,239,628$85,642,725$50,340,762$370,970,195
93$539,075,275$89,772,424$51,960,383$407,226,094
94$593,992,055$94,102,375$53,632,158$447,114,694
95$654,508,175$98,642,322$55,357,766$491,003,716
96$721,194,702$103,402,488$57,138,943$539,298,261
97$794,680,945$108,393,593$58,977,481$592,444,623
98$875,660,402$113,626,881$60,875,228$650,934,477
99$964,897,308$119,114,142$62,834,093$715,309,508
100$1,063,233,843$124,867,745$64,856,045$786,166,501