Can I retire at age 58 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,332,237
2 years$699,060$686,041$673,423$661,189$649,323$617,921
3 years$461,411$448,335$435,749$423,630$411,957$381,475
4 years$342,609$329,574$317,114$305,202$293,811$264,483
5 years$271,347$258,390$246,093$234,424$223,351$195,259
6 years$223,855$210,995$198,880$187,471$176,730$149,903
7 years$189,945$177,193$165,270$154,130$143,729$118,172
8 years$164,524$151,887$140,162$129,296$119,237$94,940
9 years$144,762$132,245$120,722$110,132$100,415$77,359
10 years$128,962$116,568$105,248$94,934$85,558$63,719
11 years$116,044$103,773$92,659$82,621$73,583$52,930
12 years$105,286$93,141$82,232$72,470$63,765$44,266
13 years$96,190$84,173$73,469$63,980$55,605$37,223
14 years$88,400$76,511$66,012$56,794$48,743$31,440
15 years$81,655$69,894$59,600$50,651$42,917$26,653
16 years$75,759$64,126$54,036$45,352$37,930$22,664
17 years$70,563$59,058$49,171$40,749$33,631$19,321
18 years$65,948$54,572$44,887$36,723$29,904$16,507
19 years$61,824$50,577$41,092$33,182$26,654$14,128
20 years$58,117$46,998$37,712$30,053$23,808$12,110
21 years$54,768$43,777$34,688$27,275$21,305$10,394
22 years$51,727$40,864$31,970$24,799$19,097$8,931
23 years$48,955$38,220$29,519$22,585$17,143$7,681
24 years$46,417$35,809$27,300$20,599$15,408$6,612
25 years$44,086$33,605$25,285$18,812$13,865$5,695
26 years$41,938$31,584$23,451$17,201$12,489$4,908
27 years$39,953$29,724$21,776$15,744$11,260$4,233
28 years$38,112$28,009$20,244$14,425$10,160$3,651
29 years$36,402$26,423$18,838$13,228$9,174$3,151
30 years$34,808$24,954$17,547$12,140$8,290$2,720
31 years$33,320$23,589$16,359$11,150$7,495$2,349
32 years$31,928$22,320$15,263$10,247$6,779$2,029
33 years$30,624$21,138$14,251$9,423$6,135$1,753
34 years$29,398$20,034$13,315$8,670$5,555$1,515
35 years$28,245$19,002$12,449$7,981$5,031$1,309
36 years$27,159$18,035$11,646$7,350$4,559$1,131
37 years$26,133$17,130$10,900$6,772$4,132$978
38 years$25,164$16,279$10,208$6,242$3,746$845
39 years$24,247$15,480$9,563$5,756$3,397$731
40 years$23,378$14,728$8,964$5,309$3,081$632
41 years$22,554$14,020$8,405$4,898$2,795$546
42 years$21,771$13,352$7,884$4,520$2,536$473
43 years$21,026$12,722$7,398$4,173$2,302$409
44 years$20,317$12,126$6,945$3,853$2,089$353
45 years$19,642$11,564$6,521$3,558$1,897$306
46 years$18,998$11,031$6,125$3,287$1,722$264
47 years$18,383$10,527$5,754$3,037$1,564$229
48 years$17,795$10,049$5,407$2,806$1,420$198
49 years$17,233$9,597$5,082$2,593$1,290$171
50 years$16,696$9,167$4,778$2,397$1,172$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,100,000, adding $2,568 every year, while hoping to spend $24,592 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: 69/23/8 Blend
57$17,100,000$17,100,000$17,100,000$17,100,000
58$18,846,849$17,940,549$17,675,499$20,120,470
59$20,743,062$18,793,470$18,241,462$21,817,321
60$22,831,864$19,687,360$18,825,561$23,669,636
61$25,132,874$20,624,201$19,428,378$25,695,222
62$27,667,710$21,606,070$20,050,511$27,911,068
63$30,460,195$22,635,145$20,692,582$30,335,865
64$33,536,580$23,713,713$21,355,229$32,990,179
65$36,925,794$24,844,167$22,039,111$35,896,639
66$40,659,715$26,029,022$22,744,912$39,080,147
67$44,773,472$27,270,910$23,473,332$42,568,108
68$49,305,776$28,572,594$24,225,098$46,390,684
69$54,299,285$29,936,971$25,000,959$50,581,072
70$59,801,008$31,367,079$25,801,687$55,175,813
71$65,862,748$32,866,102$26,628,081$60,215,132
72$72,541,589$34,437,382$27,480,962$65,743,309
73$79,900,439$36,084,421$28,361,182$71,809,093
74$88,008,618$37,810,893$29,269,617$78,466,153
75$96,942,520$39,620,649$30,207,172$85,773,581
76$106,786,326$41,517,730$31,174,781$93,796,439
77$117,632,804$43,506,371$32,173,408$102,606,367
78$129,584,182$45,591,015$33,204,049$112,282,253
79$142,753,114$47,776,321$34,267,731$122,910,965
80$157,263,746$50,067,175$35,365,514$134,588,167
81$173,252,880$52,468,699$36,498,491$147,419,209
82$190,871,276$54,986,267$37,667,793$161,520,114
83$210,285,066$57,625,514$38,874,584$177,018,662
84$231,677,328$60,392,349$40,120,067$194,055,587
85$255,249,811$63,292,970$41,405,485$212,785,894
86$281,224,841$66,333,875$42,732,118$233,380,308
87$309,847,420$69,521,879$44,101,289$256,026,878
88$341,387,537$72,864,132$45,514,363$280,932,737
89$376,142,721$76,368,130$46,972,749$308,326,043
90$414,440,844$80,041,733$48,477,901$338,458,122
91$456,643,219$83,893,187$50,031,320$371,605,823
92$503,148,013$87,931,139$51,634,555$408,074,117
93$554,394,002$92,164,657$53,289,204$448,198,963
94$610,864,717$96,603,251$54,996,919$492,350,458
95$673,093,003$101,256,896$56,759,401$540,936,316
96$741,666,058$106,136,052$58,578,409$594,405,697
97$817,230,968$111,251,691$60,455,758$653,253,431
98$900,500,820$116,615,317$62,393,319$718,024,667
99$992,261,434$122,238,998$64,393,026$789,319,997
100$1,093,378,781$128,135,390$66,456,873$867,801,107