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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,348,216
2 years$699,060$686,041$673,423$661,189$649,323$633,858
3 years$461,411$448,335$435,749$423,630$411,957$396,869
4 years$342,609$329,574$317,114$305,202$293,811$279,217
5 years$271,347$258,390$246,093$234,424$223,351$209,292
6 years$223,855$210,995$198,880$187,471$176,730$163,224
7 years$189,945$177,193$165,270$154,130$143,729$130,782
8 years$164,524$151,887$140,162$129,296$119,237$106,847
9 years$144,762$132,245$120,722$110,132$100,415$88,578
10 years$128,962$116,568$105,248$94,934$85,558$74,267
11 years$116,044$103,773$92,659$82,621$73,583$62,827
12 years$105,286$93,141$82,232$72,470$63,765$53,534
13 years$96,190$84,173$73,469$63,980$55,605$45,884
14 years$88,400$76,511$66,012$56,794$48,743$39,520
15 years$81,655$69,894$59,600$50,651$42,917$34,178
16 years$75,759$64,126$54,036$45,352$37,930$29,659
17 years$70,563$59,058$49,171$40,749$33,631$25,813
18 years$65,948$54,572$44,887$36,723$29,904$22,522
19 years$61,824$50,577$41,092$33,182$26,654$19,692
20 years$58,117$46,998$37,712$30,053$23,808$17,249
21 years$54,768$43,777$34,688$27,275$21,305$15,134
22 years$51,727$40,864$31,970$24,799$19,097$13,296
23 years$48,955$38,220$29,519$22,585$17,143$11,695
24 years$46,417$35,809$27,300$20,599$15,408$10,298
25 years$44,086$33,605$25,285$18,812$13,865$9,076
26 years$41,938$31,584$23,451$17,201$12,489$8,005
27 years$39,953$29,724$21,776$15,744$11,260$7,066
28 years$38,112$28,009$20,244$14,425$10,160$6,241
29 years$36,402$26,423$18,838$13,228$9,174$5,515
30 years$34,808$24,954$17,547$12,140$8,290$4,876
31 years$33,320$23,589$16,359$11,150$7,495$4,312
32 years$31,928$22,320$15,263$10,247$6,779$3,816
33 years$30,624$21,138$14,251$9,423$6,135$3,377
34 years$29,398$20,034$13,315$8,670$5,555$2,990
35 years$28,245$19,002$12,449$7,981$5,031$2,648
36 years$27,159$18,035$11,646$7,350$4,559$2,345
37 years$26,133$17,130$10,900$6,772$4,132$2,078
38 years$25,164$16,279$10,208$6,242$3,746$1,841
39 years$24,247$15,480$9,563$5,756$3,397$1,632
40 years$23,378$14,728$8,964$5,309$3,081$1,446
41 years$22,554$14,020$8,405$4,898$2,795$1,282
42 years$21,771$13,352$7,884$4,520$2,536$1,137
43 years$21,026$12,722$7,398$4,173$2,302$1,008
44 years$20,317$12,126$6,945$3,853$2,089$894
45 years$19,642$11,564$6,521$3,558$1,897$792
46 years$18,998$11,031$6,125$3,287$1,722$703
47 years$18,383$10,527$5,754$3,037$1,564$623
48 years$17,795$10,049$5,407$2,806$1,420$553
49 years$17,233$9,597$5,082$2,593$1,290$490
50 years$16,696$9,167$4,778$2,397$1,172$435

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 $2,665 every year, while hoping to spend $46,206 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: 66/15/19 Blend
57$17,100,000$17,100,000$17,100,000$17,100,000
58$18,846,949$17,940,649$17,675,599$20,001,370
59$20,720,175$18,770,578$18,218,569$21,605,221
60$22,782,921$19,639,625$18,778,179$23,352,256
61$25,054,470$20,549,658$19,354,939$25,260,978
62$27,556,070$21,502,634$19,949,373$27,347,251
63$30,311,133$22,500,607$20,562,021$29,628,535
64$33,345,459$23,545,727$21,193,439$32,124,041
65$36,687,478$24,640,250$21,844,202$34,854,915
66$40,368,517$25,786,539$22,514,899$37,844,430
67$44,423,099$26,987,072$23,206,141$41,118,204
68$48,889,263$28,244,447$23,918,555$44,704,436
69$53,808,929$29,561,386$24,652,787$48,634,171
70$59,228,288$30,940,743$25,409,505$52,941,586
71$65,198,244$32,385,510$26,189,394$57,664,308
72$71,774,889$33,898,824$26,993,162$62,843,767
73$79,020,034$35,483,972$27,821,540$68,525,581
74$87,001,793$37,144,402$28,675,277$74,759,981
75$95,795,226$38,883,728$29,555,148$81,602,278
76$105,483,045$40,705,736$30,461,952$89,113,387
77$116,156,398$42,614,400$31,396,509$97,360,385
78$127,915,726$44,613,881$32,359,668$106,417,148
79$140,871,714$46,708,545$33,352,301$116,365,037
80$155,146,334$48,902,969$34,375,308$127,293,662
81$170,873,994$51,201,948$35,429,615$139,301,718
82$188,202,812$53,610,514$36,516,177$152,497,913
83$207,296,008$56,133,939$37,635,979$167,001,984
84$228,333,451$58,777,752$38,790,035$182,945,821
85$251,513,351$61,547,750$39,979,388$200,474,704
86$277,054,132$64,450,008$41,205,117$219,748,667
87$305,196,494$67,490,900$42,468,329$240,943,995
88$336,205,687$70,677,105$43,770,169$264,254,885
89$370,374,011$74,015,627$45,111,813$289,895,267
90$408,023,577$77,513,809$46,494,476$318,100,814
91$449,509,349$81,179,353$47,919,408$349,131,153
92$495,222,491$85,020,330$49,387,897$383,272,312
93$545,594,065$89,045,205$50,901,271$420,839,402
94$601,099,093$93,262,854$52,460,897$462,179,583
95$662,261,049$97,682,583$54,068,186$507,675,328
96$729,656,795$102,314,148$55,724,589$557,748,021
97$803,922,029$107,167,782$57,431,603$612,861,923
98$885,757,283$112,254,211$59,190,769$673,528,537
99$975,934,543$117,584,684$61,003,677$740,311,423
100$1,075,304,528$123,170,996$62,871,962$813,831,507