Can I retire at age 58 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,298,853
2 years$686,796$674,005$661,609$649,590$637,931$597,174
3 years$453,316$440,470$428,105$416,198$404,730$365,295
4 years$336,599$323,792$311,551$299,847$288,657$250,848
5 years$266,587$253,857$241,776$230,312$219,432$183,351
6 years$219,927$207,293$195,391$184,182$173,629$139,307
7 years$186,612$174,085$162,371$151,426$141,207$108,642
8 years$161,637$149,223$137,703$127,028$117,145$86,317
9 years$142,223$129,925$118,604$108,199$98,653$69,529
10 years$126,700$114,523$103,402$93,269$84,057$56,595
11 years$114,008$101,953$91,033$81,172$72,292$46,444
12 years$103,439$91,507$80,790$71,199$62,647$38,359
13 years$94,503$82,696$72,180$62,858$54,629$31,846
14 years$86,849$75,168$64,854$55,798$47,888$26,549
15 years$80,223$68,668$58,555$49,762$42,164$22,208
16 years$74,430$63,001$53,088$44,557$37,265$18,630
17 years$69,325$58,022$48,308$40,034$33,041$15,664
18 years$64,791$53,615$44,099$36,078$29,379$13,195
19 years$60,740$49,690$40,371$32,600$26,186$11,134
20 years$57,098$46,174$37,050$29,526$23,390$9,407
21 years$53,807$43,009$34,079$26,796$20,931$7,957
22 years$50,820$40,148$31,409$24,364$18,762$6,737
23 years$48,096$37,549$29,001$22,189$16,842$5,708
24 years$45,603$35,181$26,821$20,237$15,138$4,840
25 years$43,313$33,016$24,841$18,482$13,622$4,106
26 years$41,203$31,029$23,039$16,899$12,270$3,485
27 years$39,252$29,202$21,394$15,468$11,062$2,959
28 years$37,444$27,517$19,888$14,172$9,982$2,514
29 years$35,763$25,959$18,508$12,996$9,013$2,136
30 years$34,198$24,516$17,239$11,927$8,144$1,815
31 years$32,736$23,176$16,072$10,954$7,363$1,543
32 years$31,368$21,929$14,995$10,067$6,660$1,312
33 years$30,086$20,767$14,001$9,258$6,028$1,116
34 years$28,882$19,682$13,082$8,518$5,457$949
35 years$27,750$18,668$12,231$7,841$4,943$807
36 years$26,682$17,719$11,441$7,221$4,479$686
37 years$25,675$16,829$10,709$6,654$4,059$584
38 years$24,723$15,994$10,028$6,133$3,680$497
39 years$23,822$15,208$9,396$5,655$3,337$423
40 years$22,968$14,469$8,807$5,216$3,027$360
41 years$22,158$13,774$8,258$4,812$2,746$306
42 years$21,389$13,117$7,746$4,441$2,492$260
43 years$20,657$12,498$7,269$4,100$2,261$222
44 years$19,961$11,913$6,823$3,785$2,053$188
45 years$19,297$11,361$6,406$3,496$1,863$160
46 years$18,664$10,838$6,017$3,229$1,692$136
47 years$18,060$10,342$5,653$2,983$1,536$116
48 years$17,483$9,873$5,312$2,757$1,395$99
49 years$16,931$9,428$4,993$2,548$1,267$84
50 years$16,403$9,006$4,694$2,355$1,151$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,800,000, adding $5,987 every year, while hoping to spend $38,515 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: 48/23/29 Blend
57$16,800,000$16,800,000$16,800,000$16,800,000
58$18,519,776$17,629,376$17,368,976$19,254,971
59$20,367,813$18,452,235$17,909,857$20,596,448
60$22,403,059$19,314,124$18,467,566$22,048,204
61$24,644,569$20,216,914$19,042,628$23,624,137
62$27,113,340$21,162,568$19,635,580$25,335,989
63$29,832,508$22,153,141$20,246,980$27,196,661
64$32,827,571$23,190,792$20,877,400$29,220,331
65$36,126,622$24,277,779$21,527,432$31,422,585
66$39,760,622$25,416,475$22,197,685$33,820,552
67$43,763,685$26,609,362$22,888,788$36,433,066
68$48,173,407$27,859,047$23,601,388$39,280,837
69$53,031,214$29,168,260$24,336,154$42,386,636
70$58,382,757$30,539,864$25,093,775$45,775,509
71$64,278,342$31,976,861$25,874,960$49,475,001
72$70,773,403$33,482,397$26,680,441$53,515,416
73$77,929,029$35,059,774$27,510,975$57,930,088
74$85,812,536$36,712,449$28,367,339$62,755,693
75$94,498,106$38,444,049$29,250,335$68,032,586
76$104,067,483$40,258,378$30,160,792$73,805,172
77$114,610,749$42,159,422$31,099,561$80,122,320
78$126,227,173$44,151,361$32,067,524$87,037,809
79$139,026,145$46,238,578$33,065,586$94,610,833
80$153,128,212$48,425,668$34,094,684$102,906,546
81$168,666,214$50,717,450$35,155,780$111,996,665
82$185,786,538$53,118,975$36,249,869$121,960,141
83$204,650,500$55,635,541$37,377,975$132,883,889
84$225,435,870$58,272,701$38,541,156$144,863,599
85$248,338,545$61,036,279$39,740,500$158,004,623
86$273,574,401$63,932,381$40,977,132$172,422,964
87$301,381,332$66,967,410$42,252,208$188,246,347
88$332,021,494$70,148,079$43,566,923$205,615,422
89$365,783,779$73,481,428$44,922,507$224,685,069
90$402,986,544$76,974,838$46,320,231$245,625,846
91$443,980,615$80,636,048$47,761,403$268,625,587
92$489,152,599$84,473,176$49,247,371$293,891,154
93$538,928,533$88,494,730$50,779,526$321,650,374
94$593,777,907$92,709,635$52,359,304$352,154,171
95$654,218,095$97,127,249$53,988,182$385,678,917
96$720,819,239$101,757,383$55,667,685$422,529,019
97$794,209,634$106,610,327$57,399,385$463,039,772
98$875,081,654$111,696,871$59,184,902$507,580,506
99$964,198,293$117,028,328$61,025,906$556,558,044
100$1,062,400,366$122,616,563$62,924,121$610,420,522