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

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 $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%15.1%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,327,148
2 years$694,972$682,029$669,485$657,323$645,526$616,991
3 years$458,713$445,714$433,201$421,153$409,548$381,825
4 years$340,606$327,647$315,260$303,417$292,093$265,395
5 years$269,760$256,879$244,654$233,053$222,044$196,447
6 years$222,546$209,761$197,717$186,375$175,696$151,227
7 years$188,834$176,157$164,304$153,229$142,888$119,552
8 years$163,562$150,999$139,343$128,540$118,539$96,329
9 years$143,916$131,472$120,016$109,487$99,827$78,727
10 years$128,208$115,886$104,632$94,379$85,058$65,046
11 years$115,365$103,166$92,117$82,138$73,153$54,205
12 years$104,670$92,597$81,751$72,046$63,393$45,480
13 years$95,628$83,680$73,039$63,606$55,280$38,371
14 years$87,883$76,063$65,626$56,462$48,458$32,520
15 years$81,178$69,485$59,252$50,355$42,666$27,665
16 years$75,316$63,751$53,720$45,087$37,708$23,608
17 years$70,150$58,712$48,883$40,510$33,435$20,199
18 years$65,562$54,253$44,624$36,508$29,729$17,320
19 years$61,463$50,281$40,851$32,988$26,498$14,879
20 years$57,778$46,724$37,491$29,877$23,668$12,802
21 years$54,448$43,521$34,485$27,115$21,180$11,030
22 years$51,425$40,625$31,783$24,654$18,985$9,514
23 years$48,669$37,996$29,346$22,453$17,042$8,215
24 years$46,146$35,600$27,140$20,478$15,318$7,099
25 years$43,829$33,409$25,137$18,702$13,784$6,139
26 years$41,693$31,399$23,313$17,100$12,416$5,313
27 years$39,719$29,550$21,649$15,652$11,194$4,600
28 years$37,889$27,845$20,125$14,341$10,101$3,984
29 years$36,189$26,268$18,728$13,151$9,121$3,452
30 years$34,605$24,808$17,445$12,069$8,241$2,993
31 years$33,126$23,452$16,263$11,085$7,451$2,595
32 years$31,742$22,190$15,174$10,187$6,740$2,251
33 years$30,445$21,014$14,168$9,368$6,099$1,953
34 years$29,226$19,917$13,238$8,619$5,522$1,694
35 years$28,080$18,891$12,376$7,934$5,002$1,470
36 years$27,000$17,930$11,578$7,307$4,532$1,276
37 years$25,981$17,029$10,836$6,733$4,107$1,108
38 years$25,017$16,184$10,148$6,206$3,724$962
39 years$24,106$15,389$9,507$5,722$3,377$835
40 years$23,242$14,642$8,911$5,278$3,063$725
41 years$22,422$13,938$8,356$4,869$2,779$630
42 years$21,643$13,274$7,838$4,494$2,521$547
43 years$20,903$12,647$7,355$4,148$2,288$475
44 years$20,198$12,055$6,904$3,830$2,077$413
45 years$19,527$11,496$6,483$3,537$1,886$358
46 years$18,886$10,967$6,089$3,268$1,712$311
47 years$18,275$10,465$5,720$3,019$1,555$270
48 years$17,691$9,991$5,375$2,790$1,412$235
49 years$17,132$9,541$5,053$2,578$1,282$204
50 years$16,598$9,114$4,750$2,383$1,165$177

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 $4,362 every year, while hoping to spend $31,693 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$17,000,000$17,000,000$17,000,000$17,000,000
58$18,738,499$17,837,499$17,573,999$19,869,358
59$20,616,105$18,677,816$18,129,007$21,467,830
60$22,684,165$19,558,245$18,701,546$23,209,184
61$24,962,070$20,480,720$19,292,168$25,110,607
62$27,471,192$21,447,267$19,901,447$27,187,706
63$30,235,079$22,460,008$20,529,970$29,457,647
64$33,279,680$23,521,171$21,178,347$31,939,318
65$36,633,589$24,633,090$21,847,204$34,653,498
66$40,328,318$25,798,214$22,537,188$37,623,049
67$44,398,589$27,019,109$23,248,966$40,873,131
68$48,882,667$28,298,467$23,983,228$44,431,429
69$53,822,716$29,639,110$24,740,684$48,328,415
70$59,265,202$31,043,995$25,522,066$52,597,624
71$65,261,328$32,516,225$26,328,130$57,275,970
72$71,867,517$34,059,054$27,159,656$62,404,084
73$79,145,947$35,675,892$28,017,448$68,026,696
74$87,165,138$37,370,315$28,902,337$74,193,048
75$96,000,595$39,146,073$29,815,178$80,957,350
76$105,735,524$41,007,099$30,756,854$88,379,290
77$116,461,616$42,957,515$31,728,277$96,524,585
78$128,279,913$45,001,645$32,730,387$105,465,597
79$141,301,761$47,144,023$33,764,152$115,282,004
80$155,649,863$49,389,402$34,830,573$126,061,549
81$171,459,433$51,742,768$35,930,682$137,900,854
82$188,879,479$54,209,347$37,065,543$150,906,328
83$208,074,201$56,794,620$38,236,255$165,195,156
84$229,224,549$59,504,336$39,443,949$180,896,400
85$252,529,926$62,344,522$40,689,794$198,152,203
86$278,210,073$65,321,497$41,974,996$217,119,125
87$306,507,140$68,441,890$43,300,798$237,969,603
88$337,687,977$71,712,652$44,668,484$260,893,569
89$372,046,648$75,141,069$46,079,375$286,100,232
90$409,907,211$78,734,786$47,534,839$313,820,040
91$451,626,772$82,501,816$49,036,282$344,306,836
92$497,598,863$86,450,565$50,585,157$377,840,248
93$548,257,151$90,589,847$52,182,965$414,728,307
94$604,079,536$94,928,905$53,831,249$455,310,340
95$665,592,659$99,477,432$55,531,606$499,960,162
96$733,376,876$104,245,592$57,285,681$549,089,579
97$808,071,737$109,244,046$59,095,171$603,152,266
98$890,382,023$114,483,972$60,961,827$662,648,024
99$981,084,396$119,977,094$62,887,456$728,127,482
100$1,081,034,739$125,735,706$64,873,920$800,197,272