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%19.2%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,320,788
2 years$703,148$690,053$677,361$665,056$653,120$602,549
3 years$464,109$450,957$438,298$426,108$414,366$365,579
4 years$344,613$331,501$318,968$306,987$295,529$248,898
5 years$272,934$259,901$247,533$235,795$224,657$180,303
6 years$225,164$212,229$200,043$188,567$177,763$135,718
7 years$191,055$178,229$166,237$155,032$144,569$104,821
8 years$165,486$152,776$140,982$130,052$119,934$82,448
9 years$145,609$133,019$121,428$110,776$101,002$65,726
10 years$129,717$117,249$105,863$95,490$86,059$52,929
11 years$116,722$104,380$93,200$83,105$74,013$42,960
12 years$105,901$93,686$82,713$72,894$64,138$35,083
13 years$96,753$84,665$73,899$64,354$55,930$28,790
14 years$88,917$76,958$66,398$57,127$49,028$23,719
15 years$82,133$70,302$59,949$50,947$43,168$19,603
16 years$76,202$64,501$54,352$45,617$38,152$16,243
17 years$70,975$59,403$49,458$40,987$33,828$13,488
18 years$66,334$54,891$45,149$36,937$30,078$11,219
19 years$62,186$50,873$41,332$33,376$26,810$9,345
20 years$58,457$47,273$37,932$30,229$23,947$7,794
21 years$55,088$44,033$34,890$27,434$21,430$6,506
22 years$52,030$41,103$32,157$24,944$19,209$5,436
23 years$49,241$38,443$29,691$22,717$17,243$4,545
24 years$46,689$36,019$27,459$20,719$15,498$3,802
25 years$44,344$33,802$25,433$18,922$13,946$3,182
26 years$42,184$31,768$23,588$17,301$12,562$2,664
27 years$40,186$29,898$21,903$15,836$11,326$2,231
28 years$38,335$28,172$20,362$14,509$10,219$1,869
29 years$36,615$26,577$18,949$13,305$9,228$1,566
30 years$35,012$25,100$17,650$12,211$8,338$1,312
31 years$33,515$23,727$16,454$11,215$7,538$1,100
32 years$32,115$22,451$15,352$10,307$6,819$922
33 years$30,803$21,261$14,334$9,478$6,171$773
34 years$29,570$20,151$13,393$8,721$5,587$648
35 years$28,410$19,113$12,522$8,028$5,061$544
36 years$27,318$18,141$11,714$7,393$4,585$456
37 years$26,286$17,230$10,964$6,812$4,156$382
38 years$25,312$16,374$10,267$6,279$3,768$321
39 years$24,389$15,570$9,619$5,789$3,417$269
40 years$23,515$14,814$9,016$5,340$3,099$226
41 years$22,686$14,102$8,454$4,927$2,811$189
42 years$21,898$13,430$7,930$4,547$2,551$159
43 years$21,149$12,796$7,442$4,197$2,315$133
44 years$20,436$12,197$6,985$3,875$2,102$112
45 years$19,757$11,631$6,559$3,579$1,908$94
46 years$19,109$11,096$6,160$3,306$1,732$79
47 years$18,490$10,589$5,788$3,054$1,573$66
48 years$17,899$10,108$5,439$2,822$1,428$55
49 years$17,334$9,653$5,112$2,608$1,297$46
50 years$16,793$9,221$4,806$2,411$1,178$39

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 $3,098 every year, while hoping to spend $23,944 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: 71/24/5 Blend
57$17,200,000$17,200,000$17,200,000$17,200,000
58$18,957,596$18,045,996$17,779,396$20,294,538
59$20,865,794$18,904,773$18,349,529$22,035,679
60$22,967,826$19,804,828$18,937,960$23,937,426
61$25,283,438$20,748,158$19,545,275$26,018,153
62$27,834,388$21,736,858$20,172,081$28,295,446
63$30,644,655$22,773,123$20,819,005$30,788,651
64$33,740,660$23,859,256$21,486,692$33,519,053
65$37,151,521$24,997,673$22,175,809$36,510,077
66$40,909,323$26,190,906$22,887,045$39,787,500
67$45,049,423$27,441,609$23,621,111$43,379,693
68$49,610,785$28,752,569$24,378,739$47,317,880
69$54,636,346$30,126,705$25,160,687$51,636,430
70$60,173,419$31,567,080$25,967,736$56,373,174
71$66,274,144$33,076,904$26,800,692$61,569,757
72$72,995,980$34,659,545$27,660,388$67,272,026
73$80,402,242$36,318,534$28,547,683$73,530,454
74$88,562,703$38,057,576$29,463,463$80,400,613
75$97,554,254$39,880,552$30,408,645$87,943,686
76$107,461,625$41,791,536$31,384,171$96,227,044
77$118,378,188$43,794,798$32,391,018$105,324,869
78$130,406,838$45,894,818$33,430,192$115,318,846
79$143,660,964$48,096,293$34,502,732$126,298,930
80$158,265,518$50,404,147$35,609,709$138,364,182
81$174,358,198$52,823,547$36,752,231$151,623,696
82$192,090,743$55,359,910$37,931,440$166,197,621
83$211,630,370$58,018,917$39,148,515$182,218,280
84$233,161,350$60,806,526$40,404,672$199,831,415
85$256,886,747$63,728,985$41,701,168$219,197,545
86$283,030,337$66,792,848$43,039,299$240,493,473
87$311,838,720$70,004,985$44,420,404$263,913,943
88$343,583,645$73,372,605$45,845,863$289,673,464
89$378,564,580$76,903,266$47,317,103$318,008,322
90$417,111,535$80,604,894$48,835,594$349,178,795
91$459,588,181$84,485,803$50,402,856$383,471,599
92$506,395,280$88,554,712$52,020,456$421,202,573
93$557,974,469$92,820,764$53,690,012$462,719,650
94$614,812,433$97,293,549$55,413,195$508,406,121
95$677,445,492$101,983,124$57,191,728$558,684,236
96$746,464,673$106,900,038$59,027,392$614,019,174
97$822,521,282$112,055,352$60,922,022$674,923,410
98$906,333,057$117,460,669$62,877,514$741,961,536
99$998,690,944$123,128,156$64,895,825$815,755,567
100$1,100,466,560$129,070,575$66,978,975$896,990,793