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

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,334,111
2 years$690,884$678,017$665,547$653,456$641,728$628,113
3 years$456,014$443,092$430,653$418,676$407,139$393,848
4 years$338,602$325,719$313,405$301,632$290,375$277,511
5 years$268,174$255,368$243,215$231,683$220,738$208,340
6 years$221,236$208,527$196,554$185,278$174,663$162,745
7 years$187,723$175,121$163,337$152,328$142,048$130,615
8 years$162,599$150,111$138,523$127,784$117,842$106,895
9 years$143,069$130,698$119,310$108,843$99,240$88,774
10 years$127,454$115,204$104,017$93,824$84,558$74,566
11 years$114,686$102,560$91,575$81,655$72,722$63,197
12 years$104,054$92,052$81,270$71,622$63,020$53,952
13 years$95,065$83,188$72,610$63,232$54,954$46,333
14 years$87,366$75,616$65,240$56,130$48,173$39,986
15 years$80,700$69,076$58,903$50,058$42,415$34,651
16 years$74,873$63,376$53,404$44,822$37,487$30,132
17 years$69,737$58,367$48,596$40,272$33,238$26,279
18 years$65,177$53,934$44,362$36,293$29,554$22,978
19 years$61,101$49,985$40,611$32,794$26,342$20,134
20 years$57,438$46,449$37,271$29,701$23,529$17,676
21 years$54,127$43,265$34,282$26,956$21,056$15,542
22 years$51,122$40,386$31,596$24,509$18,874$13,686
23 years$48,382$37,773$29,173$22,321$16,942$12,066
24 years$45,874$35,391$26,980$20,358$15,228$10,649
25 years$43,571$33,212$24,989$18,592$13,703$9,408
26 years$41,448$31,214$23,176$17,000$12,343$8,318
27 years$39,485$29,376$21,521$15,560$11,128$7,359
28 years$37,666$27,681$20,007$14,256$10,041$6,515
29 years$35,976$26,114$18,618$13,073$9,067$5,771
30 years$34,401$24,662$17,342$11,998$8,193$5,115
31 years$32,931$23,314$16,167$11,019$7,407$4,535
32 years$31,555$22,059$15,084$10,127$6,700$4,023
33 years$30,265$20,891$14,084$9,313$6,064$3,569
34 years$29,054$19,800$13,160$8,568$5,490$3,168
35 years$27,915$18,780$12,303$7,888$4,972$2,813
36 years$26,841$17,825$11,510$7,264$4,505$2,498
37 years$25,828$16,929$10,773$6,693$4,083$2,218
38 years$24,870$16,089$10,088$6,169$3,702$1,971
39 years$23,964$15,299$9,452$5,688$3,357$1,751
40 years$23,105$14,556$8,859$5,247$3,045$1,556
41 years$22,290$13,856$8,307$4,841$2,762$1,383
42 years$21,516$13,196$7,792$4,467$2,507$1,229
43 years$20,780$12,573$7,312$4,124$2,275$1,093
44 years$20,080$11,984$6,863$3,808$2,065$971
45 years$19,412$11,428$6,445$3,517$1,875$864
46 years$18,775$10,902$6,053$3,248$1,702$768
47 years$18,168$10,404$5,687$3,001$1,545$683
48 years$17,587$9,932$5,344$2,773$1,404$607
49 years$17,032$9,484$5,023$2,563$1,275$540
50 years$16,500$9,060$4,722$2,369$1,158$480

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 $4,174 every year, while hoping to spend $27,357 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: 37/47/16 Blend
57$16,900,000$16,900,000$16,900,000$16,900,000
58$18,628,105$17,732,405$17,470,455$19,226,661
59$20,499,065$18,572,186$18,026,608$20,497,738
60$22,559,945$19,452,198$18,600,475$21,866,869
61$24,830,089$20,374,386$19,192,621$23,345,144
62$27,330,812$21,340,785$19,803,627$24,942,353
63$30,085,603$22,353,531$20,434,097$26,669,226
64$33,120,344$23,414,864$21,084,649$28,537,525
65$36,463,558$24,527,131$21,755,924$30,560,141
66$40,146,676$25,692,796$22,448,582$32,751,214
67$44,204,332$26,914,438$23,163,305$35,126,251
68$48,674,695$28,194,766$23,900,796$37,702,266
69$53,599,822$29,536,618$24,661,781$40,497,927
70$59,026,062$30,942,970$25,447,009$43,533,724
71$65,004,488$32,416,944$26,257,252$46,832,148
72$71,591,384$33,961,812$27,093,308$50,417,894
73$78,848,771$35,581,007$27,956,000$54,318,078
74$86,844,996$37,278,127$28,846,176$58,562,483
75$95,655,377$39,056,946$29,764,714$63,183,824
76$105,362,909$40,921,420$30,712,516$68,218,043
77$116,059,057$42,875,701$31,690,516$73,704,635
78$127,844,610$44,924,139$32,699,677$79,686,998
79$140,830,636$47,071,298$33,740,992$86,212,835
80$155,139,531$49,321,962$34,815,486$93,334,580
81$170,906,176$51,681,151$35,924,217$101,109,879
82$188,279,204$54,154,125$37,068,277$109,602,109
83$207,422,410$56,746,404$38,248,791$118,880,965
84$228,516,293$59,463,775$39,466,923$129,023,088
85$251,759,760$62,312,306$40,723,871$140,112,772
86$277,372,009$65,298,362$42,020,873$152,242,733
87$305,594,588$68,428,616$43,359,206$165,514,963
88$336,693,685$71,710,067$44,740,189$180,041,667
89$370,962,636$75,150,056$46,165,181$195,946,292
90$408,724,695$78,756,279$47,635,585$213,364,670
91$450,336,086$82,536,809$49,152,849$232,446,267
92$496,189,366$86,500,111$50,718,468$253,355,565
93$546,717,129$90,655,064$52,333,984$276,273,581
94$602,396,091$95,010,977$54,000,988$301,399,547
95$663,751,593$99,577,616$55,721,122$328,952,750
96$731,362,556$104,365,219$57,496,080$359,174,568
97$805,866,948$109,384,527$59,327,610$392,330,711
98$887,967,809$114,646,800$61,217,517$428,713,687
99$978,439,884$120,163,852$63,167,662$468,645,522
100$1,078,136,940$125,948,070$65,179,968$512,480,757