Can I retire at age 58 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,373,136
2 years$707,237$694,065$681,300$668,923$656,917$650,467
3 years$466,808$453,579$440,846$428,585$416,775$410,465
4 years$346,617$333,429$320,823$308,772$297,248$291,125
5 years$274,521$261,412$248,972$237,166$225,963$220,047
6 years$226,473$213,463$201,206$189,664$178,797$173,095
7 years$192,166$179,266$167,203$155,933$145,410$139,924
8 years$166,448$153,664$141,802$130,808$120,631$115,363
9 years$146,455$133,792$122,134$111,420$101,589$96,537
10 years$130,471$117,931$106,479$96,045$86,559$81,721
11 years$117,401$104,987$93,742$83,588$74,444$69,816
12 years$106,517$94,231$83,194$73,318$64,511$60,091
13 years$97,315$85,157$74,328$64,729$56,255$52,037
14 years$89,434$77,405$66,784$57,459$49,313$45,293
15 years$82,611$70,711$60,297$51,243$43,419$39,593
16 years$76,646$64,876$54,668$45,883$38,374$34,735
17 years$71,388$59,749$49,746$41,225$34,025$30,569
18 years$66,719$55,210$45,412$37,152$30,253$26,974
19 years$62,547$51,168$41,572$33,570$26,965$23,858
20 years$58,797$47,548$38,153$30,404$24,086$21,143
21 years$55,409$44,289$35,093$27,594$21,554$18,771
22 years$52,332$41,342$32,344$25,089$19,320$16,690
23 years$49,527$38,667$29,864$22,849$17,343$14,860
24 years$46,960$36,228$27,619$20,840$15,588$13,246
25 years$44,602$33,998$25,581$19,032$14,027$11,820
26 years$42,429$31,953$23,725$17,402$12,635$10,557
27 years$40,420$30,071$22,031$15,928$11,392$9,437
28 years$38,558$28,336$20,480$14,594$10,279$8,442
29 years$36,827$26,732$19,059$13,383$9,282$7,557
30 years$35,215$25,246$17,752$12,282$8,386$6,768
31 years$33,710$23,865$16,550$11,280$7,582$6,065
32 years$32,302$22,581$15,442$10,367$6,859$5,438
33 years$30,982$21,385$14,418$9,533$6,207$4,877
34 years$29,742$20,268$13,471$8,771$5,620$4,376
35 years$28,576$19,224$12,595$8,074$5,090$3,927
36 years$27,476$18,246$11,782$7,436$4,612$3,526
37 years$26,439$17,330$11,028$6,852$4,180$3,166
38 years$25,459$16,470$10,327$6,315$3,789$2,844
39 years$24,531$15,661$9,675$5,823$3,436$2,555
40 years$23,652$14,900$9,069$5,371$3,117$2,296
41 years$22,818$14,184$8,503$4,955$2,828$2,063
42 years$22,025$13,508$7,977$4,573$2,566$1,855
43 years$21,272$12,870$7,485$4,222$2,329$1,667
44 years$20,555$12,268$7,026$3,898$2,114$1,499
45 years$19,872$11,699$6,597$3,600$1,919$1,348
46 years$19,220$11,160$6,196$3,325$1,742$1,212
47 years$18,598$10,650$5,821$3,072$1,582$1,090
48 years$18,003$10,167$5,470$2,839$1,437$981
49 years$17,435$9,709$5,142$2,624$1,305$882
50 years$16,891$9,274$4,834$2,425$1,185$794

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,300,000, adding $5,037 every year, while hoping to spend $43,230 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: 44/36/20 Blend
57$17,300,000$17,300,000$17,300,000$17,300,000
58$19,069,796$18,152,896$17,884,746$19,798,239
59$20,968,918$18,996,391$18,437,888$21,155,502
60$23,060,303$19,879,769$19,008,112$22,621,137
61$25,363,514$20,804,938$19,595,944$24,208,907
62$27,900,111$21,773,899$20,201,927$25,930,133
63$30,693,851$22,788,748$20,826,620$27,797,244
64$33,770,912$23,851,685$21,470,600$29,823,881
65$37,160,141$24,965,014$22,134,461$32,025,025
66$40,893,326$26,131,150$22,818,817$34,417,129
67$45,005,496$27,352,628$23,524,298$37,018,264
68$49,535,251$28,632,100$24,251,556$39,848,284
69$54,525,125$29,972,352$25,001,262$42,929,004
70$60,021,991$31,376,300$25,774,107$46,284,395
71$66,077,499$32,847,003$26,570,804$49,940,805
72$72,748,566$34,387,669$27,392,089$53,927,194
73$80,097,914$36,001,659$28,238,718$58,275,401
74$88,194,659$37,692,498$29,111,473$63,020,433
75$97,114,965$39,463,881$30,011,158$68,200,780
76$106,942,762$41,319,682$30,938,602$73,858,775
77$117,770,540$43,263,963$31,894,661$80,040,973
78$129,700,219$45,300,981$32,880,216$86,798,585
79$142,844,113$47,435,201$33,896,176$94,187,943
80$157,325,991$49,671,303$34,943,475$102,271,020
81$173,282,241$52,014,196$36,023,081$111,116,004
82$190,863,162$54,469,024$37,135,986$120,797,918
83$210,234,380$57,041,182$38,283,217$131,399,321
84$231,578,412$59,736,325$39,465,830$143,011,067
85$255,096,389$62,560,384$40,684,915$155,733,144
86$281,009,955$65,519,578$41,941,594$169,675,604
87$309,563,358$68,620,424$43,237,025$184,959,578
88$341,025,754$71,869,759$44,572,399$201,718,405
89$375,693,754$75,274,750$45,948,947$220,098,864
90$413,894,216$78,842,911$47,367,936$240,262,544
91$455,987,335$82,582,123$48,830,671$262,387,341
92$502,370,044$86,500,648$50,338,499$286,669,119
93$553,479,757$90,607,148$51,892,807$313,323,530
94$609,798,501$94,910,708$53,495,025$342,588,026
95$671,857,468$99,420,852$55,146,628$374,724,072
96$740,242,024$104,147,568$56,849,135$410,019,587
97$815,597,240$109,101,329$58,604,110$448,791,631
98$898,633,980$114,293,115$60,413,170$491,389,371
99$990,135,611$119,734,443$62,277,976$538,197,336
100$1,090,965,399$125,437,386$64,200,243$589,639,022