Can I retire at age 58 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,331,342
2 years$690,884$678,017$665,547$653,456$641,728$625,337
3 years$456,014$443,092$430,653$418,676$407,139$391,152
4 years$338,602$325,719$313,405$301,632$290,375$274,917
5 years$268,174$255,368$243,215$231,683$220,738$205,854
6 years$221,236$208,527$196,554$185,278$174,663$160,369
7 years$187,723$175,121$163,337$152,328$142,048$128,351
8 years$162,599$150,111$138,523$127,784$117,842$104,742
9 years$143,069$130,698$119,310$108,843$99,240$86,730
10 years$127,454$115,204$104,017$93,824$84,558$72,630
11 years$114,686$102,560$91,575$81,655$72,722$61,366
12 years$104,054$92,052$81,270$71,622$63,020$52,222
13 years$95,065$83,188$72,610$63,232$54,954$44,702
14 years$87,366$75,616$65,240$56,130$48,173$38,451
15 years$80,700$69,076$58,903$50,058$42,415$33,208
16 years$74,873$63,376$53,404$44,822$37,487$28,778
17 years$69,737$58,367$48,596$40,272$33,238$25,011
18 years$65,177$53,934$44,362$36,293$29,554$21,790
19 years$61,101$49,985$40,611$32,794$26,342$19,025
20 years$57,438$46,449$37,271$29,701$23,529$16,640
21 years$54,127$43,265$34,282$26,956$21,056$14,578
22 years$51,122$40,386$31,596$24,509$18,874$12,788
23 years$48,382$37,773$29,173$22,321$16,942$11,231
24 years$45,874$35,391$26,980$20,358$15,228$9,874
25 years$43,571$33,212$24,989$18,592$13,703$8,689
26 years$41,448$31,214$23,176$17,000$12,343$7,652
27 years$39,485$29,376$21,521$15,560$11,128$6,743
28 years$37,666$27,681$20,007$14,256$10,041$5,946
29 years$35,976$26,114$18,618$13,073$9,067$5,246
30 years$34,401$24,662$17,342$11,998$8,193$4,630
31 years$32,931$23,314$16,167$11,019$7,407$4,089
32 years$31,555$22,059$15,084$10,127$6,700$3,612
33 years$30,265$20,891$14,084$9,313$6,064$3,191
34 years$29,054$19,800$13,160$8,568$5,490$2,821
35 years$27,915$18,780$12,303$7,888$4,972$2,494
36 years$26,841$17,825$11,510$7,264$4,505$2,205
37 years$25,828$16,929$10,773$6,693$4,083$1,950
38 years$24,870$16,089$10,088$6,169$3,702$1,725
39 years$23,964$15,299$9,452$5,688$3,357$1,526
40 years$23,105$14,556$8,859$5,247$3,045$1,351
41 years$22,290$13,856$8,307$4,841$2,762$1,195
42 years$21,516$13,196$7,792$4,467$2,507$1,058
43 years$20,780$12,573$7,312$4,124$2,275$936
44 years$20,080$11,984$6,863$3,808$2,065$829
45 years$19,412$11,428$6,445$3,517$1,875$734
46 years$18,775$10,902$6,053$3,248$1,702$650
47 years$18,168$10,404$5,687$3,001$1,545$575
48 years$17,587$9,932$5,344$2,773$1,404$509
49 years$17,032$9,484$5,023$2,563$1,275$451
50 years$16,500$9,060$4,722$2,369$1,158$399

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,900,000, adding $5,486 every year, while hoping to spend $41,462 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: 31/41/28 Blend
57$16,900,000$16,900,000$16,900,000$16,900,000
58$18,629,459$17,733,759$17,471,809$19,046,954
59$20,485,548$18,558,598$18,012,999$20,195,437
60$22,529,569$19,422,464$18,570,930$21,426,795
61$24,780,647$20,327,227$19,146,118$22,751,473
62$27,259,856$21,274,844$19,739,096$24,177,667
63$29,990,420$22,267,369$20,350,413$25,714,354
64$32,997,927$23,306,955$20,980,637$27,371,364
65$36,310,578$24,395,858$21,630,351$29,159,471
66$39,959,445$25,536,444$22,300,156$31,090,482
67$43,978,771$26,731,191$22,990,673$33,177,340
68$48,406,286$27,982,700$23,702,541$35,434,239
69$53,283,571$29,293,696$24,436,420$37,876,745
70$58,656,444$30,667,036$25,192,989$40,521,938
71$64,575,395$32,105,715$25,972,948$43,388,555
72$71,096,064$33,612,873$26,777,020$46,497,165
73$78,279,760$35,191,802$27,605,948$49,870,344
74$86,194,049$36,845,953$28,460,500$53,532,878
75$94,913,382$38,578,945$29,341,468$57,511,989
76$104,519,805$40,394,572$30,249,665$61,837,571
77$115,103,729$42,296,809$31,185,932$66,542,465
78$126,764,784$44,289,828$32,151,135$71,662,751
79$139,612,762$46,377,999$33,146,168$77,238,075
80$153,768,650$48,565,907$34,171,951$83,312,005
81$169,365,773$50,858,357$35,229,432$89,932,431
82$186,551,053$53,260,388$36,319,589$97,151,993
83$205,486,395$55,777,282$37,443,431$105,028,567
84$226,350,218$58,414,579$38,601,996$113,625,785
85$249,339,133$61,178,086$39,796,355$123,013,623
86$274,669,805$64,073,893$41,027,614$133,269,036
87$302,580,995$67,108,383$42,296,909$144,476,666
88$333,335,814$70,288,253$43,605,413$156,729,615
89$367,224,210$73,620,519$44,954,337$170,130,303
90$404,565,698$77,112,544$46,344,926$184,791,411
91$445,712,384$80,772,042$47,778,465$200,836,915
92$491,052,282$84,607,108$49,256,279$218,403,233
93$541,012,983$88,626,224$50,779,733$237,640,483
94$596,065,687$92,838,289$52,350,233$258,713,870
95$656,729,651$97,252,630$53,969,231$281,805,214
96$723,577,097$101,879,029$55,638,221$307,114,638
97$797,238,603$106,727,744$57,358,744$334,862,418
98$878,409,068$111,809,531$59,132,389$365,291,031
99$967,854,262$117,135,667$60,960,793$398,667,404
100$1,066,418,061$122,717,979$62,845,644$435,285,398