Can I retire at age 58 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,284,432
2 years$682,708$669,993$657,671$645,723$634,134$587,035
3 years$450,618$437,848$425,556$413,721$402,321$356,852
4 years$334,595$321,865$309,696$298,063$286,938$243,447
5 years$265,000$252,346$240,337$228,941$218,126$176,726
6 years$218,618$206,059$194,228$183,086$172,596$133,319
7 years$185,501$173,048$161,404$150,525$140,367$103,204
8 years$160,675$148,334$136,884$126,272$116,448$81,369
9 years$141,376$129,152$117,898$107,555$98,066$65,025
10 years$125,946$113,841$102,786$92,714$83,557$52,498
11 years$113,329$101,346$90,491$80,689$71,862$42,720
12 years$102,823$90,963$80,309$70,775$62,274$34,980
13 years$93,940$82,204$71,750$62,484$54,304$28,785
14 years$86,333$74,721$64,468$55,466$47,603$23,781
15 years$79,745$68,259$58,206$49,466$41,913$19,711
16 years$73,987$62,626$52,772$44,291$37,043$16,380
17 years$68,912$57,676$48,021$39,795$32,845$13,641
18 years$64,405$53,296$43,837$35,864$29,204$11,381
19 years$60,378$49,394$40,130$32,406$26,030$9,509
20 years$56,758$45,899$36,830$29,350$23,251$7,955
21 years$53,487$42,753$33,876$26,637$20,807$6,661
22 years$50,517$39,909$31,222$24,219$18,650$5,583
23 years$47,810$37,326$28,828$22,057$16,742$4,682
24 years$45,332$34,972$26,661$20,117$15,048$3,929
25 years$43,055$32,819$24,694$18,372$13,541$3,299
26 years$40,957$30,845$22,902$16,798$12,197$2,771
27 years$39,018$29,029$21,267$15,376$10,997$2,328
28 years$37,221$27,353$19,770$14,088$9,922$1,957
29 years$35,550$25,805$18,398$12,919$8,960$1,645
30 years$33,994$24,370$17,137$11,856$8,096$1,383
31 years$32,541$23,038$15,976$10,889$7,319$1,163
32 years$31,182$21,798$14,906$10,007$6,621$978
33 years$29,907$20,643$13,918$9,202$5,992$823
34 years$28,710$19,565$13,004$8,467$5,425$692
35 years$27,584$18,557$12,158$7,794$4,914$583
36 years$26,523$17,614$11,373$7,178$4,452$490
37 years$25,522$16,729$10,645$6,614$4,035$412
38 years$24,576$15,898$9,969$6,096$3,658$347
39 years$23,680$15,118$9,340$5,621$3,317$292
40 years$22,832$14,383$8,754$5,185$3,009$246
41 years$22,026$13,692$8,209$4,783$2,730$207
42 years$21,262$13,039$7,700$4,415$2,477$174
43 years$20,534$12,424$7,225$4,075$2,248$147
44 years$19,842$11,843$6,782$3,763$2,040$123
45 years$19,182$11,293$6,368$3,475$1,852$104
46 years$18,553$10,773$5,981$3,210$1,682$87
47 years$17,953$10,281$5,619$2,966$1,527$74
48 years$17,379$9,814$5,281$2,740$1,387$62
49 years$16,830$9,372$4,963$2,533$1,260$52
50 years$16,305$8,953$4,666$2,341$1,144$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,700,000, adding $2,957 every year, while hoping to spend $37,969 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: 64/21/15 Blend
57$16,700,000$16,700,000$16,700,000$16,700,000
58$18,406,450$17,521,350$17,262,500$19,517,353
59$20,243,509$18,339,498$17,800,395$21,080,112
60$22,266,676$19,196,462$18,355,037$22,781,878
61$24,494,893$20,094,104$18,926,947$24,639,903
62$26,949,034$21,034,378$19,516,662$26,669,422
63$29,652,101$22,019,328$20,124,735$28,887,195
64$32,629,440$23,051,099$20,751,739$31,311,659
65$35,908,982$24,131,942$21,398,261$33,963,100
66$39,521,504$25,264,213$22,064,909$36,863,838
67$43,500,922$26,450,384$22,752,308$40,038,435
68$47,884,610$27,693,047$23,461,104$43,513,921
69$52,713,752$28,994,918$24,191,963$47,320,044
70$58,033,731$30,358,845$24,945,570$51,489,547
71$63,894,558$31,787,815$25,722,633$56,058,467
72$70,351,343$33,284,958$26,523,881$61,066,476
73$77,464,816$34,853,557$27,350,067$66,557,246
74$85,301,898$36,497,052$28,201,965$72,578,852
75$93,936,336$38,219,052$29,080,375$79,184,228
76$103,449,397$40,023,341$29,986,123$86,431,648
77$113,930,634$41,913,883$30,920,056$94,385,279
78$125,478,734$43,894,838$31,883,053$103,115,775
79$138,202,445$45,970,565$32,876,015$112,700,935
80$152,221,609$48,145,637$33,899,876$123,226,432
81$167,668,286$50,424,847$34,955,596$134,786,611
82$184,688,007$52,813,220$36,044,164$147,485,373
83$203,441,143$55,316,027$37,166,602$161,437,143
84$224,104,420$57,938,792$38,323,964$176,767,944
85$246,872,587$60,687,310$39,517,333$193,616,573
86$271,960,258$63,567,655$40,747,830$212,135,904
87$299,603,931$66,586,197$42,016,609$232,494,317
88$330,064,226$69,749,614$43,324,860$254,877,280
89$363,628,343$73,064,911$44,673,809$279,489,080
90$400,612,773$76,539,431$46,064,720$306,554,747
91$441,366,286$80,180,874$47,498,899$336,322,160
92$486,273,225$83,997,315$48,977,690$369,064,376
93$535,757,131$87,997,219$50,502,479$405,082,190
94$590,284,742$92,189,467$52,074,696$444,706,961
95$650,370,401$96,583,366$53,695,814$488,303,724
96$716,580,911$101,188,680$55,367,353$536,274,621
97$789,540,884$106,015,646$57,090,879$589,062,675
98$869,938,639$111,074,997$58,868,008$647,155,961
99$958,532,699$116,377,991$60,700,406$711,092,188
100$1,056,158,954$121,936,432$62,589,789$781,463,758