Can I retire at age 58 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,303,363
2 years$694,972$682,029$669,485$657,323$645,526$593,517
3 years$458,713$445,714$433,201$421,153$409,548$359,408
4 years$340,606$327,647$315,260$303,417$292,093$244,204
5 years$269,760$256,879$244,654$233,053$222,044$176,529
6 years$222,546$209,761$197,717$186,375$175,696$132,585
7 years$188,834$176,157$164,304$153,229$142,888$102,167
8 years$163,562$150,999$139,343$128,540$118,539$80,170
9 years$143,916$131,472$120,016$109,487$99,827$63,753
10 years$128,208$115,886$104,632$94,379$85,058$51,210
11 years$115,365$103,166$92,117$82,138$73,153$41,456
12 years$104,670$92,597$81,751$72,046$63,393$33,764
13 years$95,628$83,680$73,039$63,606$55,280$27,633
14 years$87,883$76,063$65,626$56,462$48,458$22,702
15 years$81,178$69,485$59,252$50,355$42,666$18,709
16 years$75,316$63,751$53,720$45,087$37,708$15,457
17 years$70,150$58,712$48,883$40,510$33,435$12,797
18 years$65,562$54,253$44,624$36,508$29,729$10,613
19 years$61,463$50,281$40,851$32,988$26,498$8,814
20 years$57,778$46,724$37,491$29,877$23,668$7,328
21 years$54,448$43,521$34,485$27,115$21,180$6,098
22 years$51,425$40,625$31,783$24,654$18,985$5,079
23 years$48,669$37,996$29,346$22,453$17,042$4,233
24 years$46,146$35,600$27,140$20,478$15,318$3,530
25 years$43,829$33,409$25,137$18,702$13,784$2,945
26 years$41,693$31,399$23,313$17,100$12,416$2,457
27 years$39,719$29,550$21,649$15,652$11,194$2,051
28 years$37,889$27,845$20,125$14,341$10,101$1,713
29 years$36,189$26,268$18,728$13,151$9,121$1,431
30 years$34,605$24,808$17,445$12,069$8,241$1,195
31 years$33,126$23,452$16,263$11,085$7,451$999
32 years$31,742$22,190$15,174$10,187$6,740$834
33 years$30,445$21,014$14,168$9,368$6,099$697
34 years$29,226$19,917$13,238$8,619$5,522$583
35 years$28,080$18,891$12,376$7,934$5,002$487
36 years$27,000$17,930$11,578$7,307$4,532$407
37 years$25,981$17,029$10,836$6,733$4,107$340
38 years$25,017$16,184$10,148$6,206$3,724$284
39 years$24,106$15,389$9,507$5,722$3,377$238
40 years$23,242$14,642$8,911$5,278$3,063$199
41 years$22,422$13,938$8,356$4,869$2,779$166
42 years$21,643$13,274$7,838$4,494$2,521$139
43 years$20,903$12,647$7,355$4,148$2,288$116
44 years$20,198$12,055$6,904$3,830$2,077$97
45 years$19,527$11,496$6,483$3,537$1,886$81
46 years$18,886$10,967$6,089$3,268$1,712$68
47 years$18,275$10,465$5,720$3,019$1,555$57
48 years$17,691$9,991$5,375$2,790$1,412$47
49 years$17,132$9,541$5,053$2,578$1,282$40
50 years$16,598$9,114$4,750$2,383$1,165$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,000,000, adding $3,665 every year, while hoping to spend $28,684 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: 55/27/18 Blend
57$17,000,000$17,000,000$17,000,000$17,000,000
58$18,737,780$17,836,780$17,573,280$19,677,753
59$20,618,514$18,680,263$18,131,466$21,162,989
60$22,690,122$19,564,115$18,707,389$22,776,135
61$24,972,042$20,490,284$19,301,614$24,532,144
62$27,485,695$21,460,813$19,914,723$26,444,686
63$30,254,685$22,477,842$20,547,315$28,528,785
64$33,305,024$23,543,617$21,200,011$30,800,958
65$36,665,375$24,660,493$21,873,450$33,279,363
66$40,367,324$25,830,938$22,568,291$35,983,968
67$44,445,677$27,057,540$23,285,215$38,936,728
68$48,938,790$28,343,013$24,024,924$42,161,789
69$53,888,929$29,690,204$24,788,142$45,685,711
70$59,342,672$31,102,096$25,575,616$49,537,707
71$65,351,345$32,581,818$26,388,119$53,749,917
72$71,971,507$34,132,652$27,226,447$58,357,699
73$79,265,487$35,758,039$28,091,419$63,399,958
74$87,301,969$37,461,585$28,983,883$68,919,502
75$96,156,641$39,247,074$29,904,715$74,963,440
76$105,912,910$41,118,473$30,854,815$81,583,618
77$116,662,691$43,079,941$31,835,115$88,837,094
78$128,507,269$45,135,842$32,846,575$96,786,674
79$141,558,260$47,290,748$33,890,185$105,501,488
80$155,938,666$49,549,458$34,966,969$115,057,635
81$171,784,028$51,917,000$36,077,982$125,538,889
82$189,243,716$54,398,650$37,224,311$137,037,478
83$208,482,330$56,999,939$38,407,080$149,654,944
84$229,681,259$59,726,667$39,627,449$163,503,083
85$253,040,391$62,584,918$40,886,612$178,704,995
86$278,780,002$65,581,069$42,185,804$195,396,224
87$307,142,831$68,721,811$43,526,298$213,726,027
88$338,396,379$72,014,158$44,909,408$233,858,766
89$372,835,425$75,465,467$46,336,488$255,975,444
90$410,784,816$79,083,453$47,808,938$280,275,395
91$452,602,530$82,876,205$49,328,201$306,978,151
92$498,683,058$86,852,209$50,895,765$336,325,492
93$549,461,124$91,020,361$52,513,168$368,583,711
94$605,415,794$95,389,994$54,181,993$404,046,107
95$667,074,993$99,970,892$55,903,878$443,035,732
96$735,020,494$104,773,318$57,680,511$485,908,419
97$809,893,408$109,808,034$59,513,631$533,056,119
98$892,400,235$115,086,327$61,405,037$584,910,571
99$983,319,536$120,620,034$63,356,583$641,947,360
100$1,083,509,281$126,421,568$65,370,181$704,690,374