Can I retire at age 58 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,327,648
2 years$703,148$690,053$677,361$665,056$653,120$609,292
3 years$464,109$450,957$438,298$426,108$414,366$371,990
4 years$344,613$331,501$318,968$306,987$295,529$254,930
5 years$272,934$259,901$247,533$235,795$224,657$185,942
6 years$225,164$212,229$200,043$188,567$177,763$140,966
7 years$191,055$178,229$166,237$155,032$144,569$109,686
8 years$165,486$152,776$140,982$130,052$119,934$86,941
9 years$145,609$133,019$121,428$110,776$101,002$69,861
10 years$129,717$117,249$105,863$95,490$86,059$56,723
11 years$116,722$104,380$93,200$83,105$74,013$46,429
12 years$105,901$93,686$82,713$72,894$64,138$38,245
13 years$96,753$84,665$73,899$64,354$55,930$31,665
14 years$88,917$76,958$66,398$57,127$49,028$26,325
15 years$82,133$70,302$59,949$50,947$43,168$21,959
16 years$76,202$64,501$54,352$45,617$38,152$18,367
17 years$70,975$59,403$49,458$40,987$33,828$15,398
18 years$66,334$54,891$45,149$36,937$30,078$12,933
19 years$62,186$50,873$41,332$33,376$26,810$10,880
20 years$58,457$47,273$37,932$30,229$23,947$9,164
21 years$55,088$44,033$34,890$27,434$21,430$7,728
22 years$52,030$41,103$32,157$24,944$19,209$6,522
23 years$49,241$38,443$29,691$22,717$17,243$5,509
24 years$46,689$36,019$27,459$20,719$15,498$4,656
25 years$44,344$33,802$25,433$18,922$13,946$3,938
26 years$42,184$31,768$23,588$17,301$12,562$3,331
27 years$40,186$29,898$21,903$15,836$11,326$2,820
28 years$38,335$28,172$20,362$14,509$10,219$2,387
29 years$36,615$26,577$18,949$13,305$9,228$2,022
30 years$35,012$25,100$17,650$12,211$8,338$1,713
31 years$33,515$23,727$16,454$11,215$7,538$1,451
32 years$32,115$22,451$15,352$10,307$6,819$1,230
33 years$30,803$21,261$14,334$9,478$6,171$1,042
34 years$29,570$20,151$13,393$8,721$5,587$883
35 years$28,410$19,113$12,522$8,028$5,061$749
36 years$27,318$18,141$11,714$7,393$4,585$635
37 years$26,286$17,230$10,964$6,812$4,156$538
38 years$25,312$16,374$10,267$6,279$3,768$456
39 years$24,389$15,570$9,619$5,789$3,417$387
40 years$23,515$14,814$9,016$5,340$3,099$328
41 years$22,686$14,102$8,454$4,927$2,811$278
42 years$21,898$13,430$7,930$4,547$2,551$236
43 years$21,149$12,796$7,442$4,197$2,315$200
44 years$20,436$12,197$6,985$3,875$2,102$170
45 years$19,757$11,631$6,559$3,579$1,908$144
46 years$19,109$11,096$6,160$3,306$1,732$122
47 years$18,490$10,589$5,788$3,054$1,573$104
48 years$17,899$10,108$5,439$2,822$1,428$88
49 years$17,334$9,653$5,112$2,608$1,297$74
50 years$16,793$9,221$4,806$2,411$1,178$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,200,000, adding $5,695 every year, while hoping to spend $52,619 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: 54/36/10 Blend
57$17,200,000$17,200,000$17,200,000$17,200,000
58$18,960,274$18,048,674$17,782,074$19,936,112
59$20,838,236$18,877,073$18,321,788$21,426,971
60$22,905,986$19,744,300$18,877,818$23,042,547
61$25,182,828$20,652,202$19,450,656$24,799,652
62$27,690,031$21,602,714$20,040,807$26,711,725
63$30,451,034$22,597,867$20,648,794$28,793,534
64$33,491,662$23,639,785$21,275,151$31,061,307
65$36,840,375$24,730,697$21,920,432$33,532,877
66$40,528,532$25,872,941$22,585,205$36,227,849
67$44,590,690$27,068,963$23,270,057$39,167,769
68$49,064,928$28,321,329$23,975,592$42,376,332
69$53,993,207$29,632,731$24,702,431$45,879,586
70$59,421,765$31,005,986$25,451,214$49,706,178
71$65,401,556$32,444,050$26,222,600$53,887,614
72$71,988,727$33,950,021$27,017,269$58,458,546
73$79,245,150$35,527,145$27,835,921$63,457,092
74$87,239,006$37,178,825$28,679,274$68,925,184
75$96,045,427$38,908,630$29,548,072$74,908,956
76$105,747,206$40,720,298$30,443,078$81,459,168
77$116,435,578$42,617,750$31,365,079$88,631,675
78$128,211,083$44,605,096$32,314,884$96,487,940
79$141,184,510$46,686,642$33,293,329$105,095,606
80$155,477,947$48,866,904$34,301,273$114,529,120
81$171,225,932$51,150,617$35,339,600$124,870,420
82$188,576,723$53,542,743$36,409,222$136,209,702
83$207,693,695$56,048,484$37,511,078$148,646,248
84$228,756,886$58,673,294$38,646,133$162,289,356
85$251,964,693$61,422,890$39,815,383$177,259,348
86$277,535,746$64,303,266$41,019,853$193,688,699
87$305,710,973$67,320,707$42,260,599$211,723,260
88$336,755,870$70,481,799$43,538,707$231,523,624
89$370,963,011$73,793,450$44,855,296$253,266,621
90$408,654,809$77,262,900$46,211,519$277,146,965
91$450,186,558$80,897,740$47,608,564$303,379,075
92$495,949,788$84,705,930$49,047,651$332,199,074
93$546,375,959$88,695,813$50,530,040$363,866,997
94$601,940,538$92,876,139$52,057,027$398,669,224
95$663,167,482$97,256,079$53,629,947$436,921,153
96$730,634,187$101,845,249$55,250,173$478,970,155
97$804,976,941$106,653,733$56,919,120$525,198,825
98$886,896,925$111,692,102$58,638,247$576,028,566
99$977,166,836$116,971,440$60,409,053$631,923,536
100$1,076,638,180$122,503,367$62,233,083$693,394,998