Can I retire at age 58 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,360,599
2 years$711,325$698,077$685,238$672,789$660,714$633,721
3 years$469,506$456,201$443,394$431,063$419,184$392,940
4 years$348,620$335,356$322,677$310,556$298,966$273,674
5 years$276,108$262,923$250,411$238,537$227,269$203,001
6 years$227,782$214,697$202,369$190,760$179,830$156,612
7 years$193,277$180,302$168,170$156,834$146,250$124,088
8 years$167,410$154,552$142,621$131,564$121,329$100,216
9 years$147,302$134,565$122,840$112,064$102,176$82,100
10 years$131,225$118,613$107,094$96,600$87,059$68,001
11 years$118,079$105,594$94,284$84,071$74,874$56,811
12 years$107,133$94,775$83,675$73,741$64,884$47,790
13 years$97,878$85,649$74,758$65,103$56,580$40,427
14 years$89,951$77,853$67,170$57,791$49,598$34,356
15 years$83,088$71,120$60,646$51,539$43,670$29,308
16 years$77,089$65,251$54,984$46,148$38,596$25,081
17 years$71,800$60,094$50,034$41,463$34,221$21,520
18 years$67,105$55,529$45,674$37,367$30,428$18,507
19 years$62,909$51,464$41,813$33,764$27,121$15,946
20 years$59,137$47,823$38,373$30,580$24,225$13,762
21 years$55,729$44,545$35,296$27,753$21,679$11,893
22 years$52,635$41,581$32,531$25,234$19,432$10,291
23 years$49,814$38,890$30,036$22,981$17,443$8,913
24 years$47,232$36,438$27,779$20,960$15,678$7,727
25 years$44,860$34,195$25,729$19,142$14,108$6,703
26 years$42,674$32,138$23,862$17,502$12,708$5,819
27 years$40,654$30,245$22,158$16,020$11,457$5,054
28 years$38,781$28,500$20,599$14,678$10,338$4,392
29 years$37,040$26,886$19,169$13,460$9,335$3,819
30 years$35,419$25,391$17,855$12,353$8,435$3,321
31 years$33,905$24,003$16,646$11,345$7,626$2,889
32 years$32,489$22,712$15,531$10,427$6,898$2,514
33 years$31,161$21,509$14,501$9,588$6,243$2,189
34 years$29,914$20,385$13,549$8,822$5,652$1,906
35 years$28,741$19,335$12,667$8,121$5,119$1,659
36 years$27,635$18,352$11,850$7,479$4,639$1,445
37 years$26,592$17,430$11,091$6,891$4,204$1,259
38 years$25,606$16,565$10,387$6,352$3,811$1,097
39 years$24,673$15,751$9,731$5,857$3,456$955
40 years$23,789$14,986$9,121$5,402$3,135$832
41 years$22,950$14,266$8,553$4,984$2,844$725
42 years$22,153$13,586$8,023$4,600$2,581$632
43 years$21,395$12,945$7,528$4,246$2,342$551
44 years$20,674$12,339$7,066$3,920$2,126$480
45 years$19,986$11,766$6,635$3,621$1,930$418
46 years$19,331$11,225$6,232$3,344$1,752$365
47 years$18,705$10,712$5,855$3,090$1,591$318
48 years$18,107$10,226$5,502$2,855$1,445$277
49 years$17,536$9,765$5,171$2,639$1,312$242
50 years$16,988$9,328$4,862$2,439$1,192$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,400,000, adding $2,187 every year, while hoping to spend $27,895 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: 64/28/8 Blend
57$17,400,000$17,400,000$17,400,000$17,400,000
58$19,177,056$18,254,856$17,985,156$20,373,839
59$21,103,436$19,119,664$18,557,979$22,036,457
60$23,225,371$20,025,912$19,149,056$23,848,145
61$25,562,779$20,975,603$19,758,970$25,826,122
62$28,137,609$21,970,833$20,388,321$27,986,533
63$30,974,045$23,013,804$21,037,730$30,347,133
64$34,098,739$24,106,821$21,707,835$32,927,449
65$37,541,060$25,252,305$22,399,297$35,748,960
66$41,333,371$26,452,792$23,112,797$38,835,292
67$45,511,337$27,710,941$23,849,038$42,212,439
68$50,114,257$29,029,540$24,608,744$45,908,996
69$55,185,439$30,411,516$25,392,665$49,956,428
70$60,772,607$31,859,933$26,201,572$54,389,360
71$66,928,351$33,378,007$27,036,263$59,245,891
72$73,710,624$34,969,111$27,897,559$64,567,954
73$81,183,290$36,636,780$28,786,309$70,401,700
74$89,416,724$38,384,721$29,703,390$76,797,924
75$98,488,480$40,216,823$30,649,704$83,812,540
76$108,484,020$42,137,161$31,626,183$91,507,097
77$119,497,521$44,150,013$32,633,791$99,949,352
78$131,632,764$46,259,860$33,673,520$109,213,899
79$145,004,118$48,471,405$34,746,394$119,382,865
80$159,737,611$50,789,577$35,853,471$130,546,671
81$175,972,127$53,219,546$36,995,842$142,804,879
82$193,860,714$55,766,733$38,174,633$156,267,115
83$213,572,029$58,436,826$39,391,005$171,054,096
84$235,291,930$61,235,784$40,646,158$187,298,755
85$259,225,230$64,169,861$41,941,328$205,147,481
86$285,597,634$67,245,615$43,277,793$224,761,490
87$314,657,863$70,469,920$44,656,869$246,318,329
88$346,680,007$73,849,988$46,079,916$270,013,540
89$381,966,111$77,393,381$47,548,337$296,062,486
90$420,849,028$81,108,030$49,063,580$324,702,370
91$463,695,557$85,002,252$50,627,138$356,194,456
92$510,909,910$89,084,768$52,240,553$390,826,514
93$562,937,524$93,364,726$53,905,415$428,915,523
94$620,269,272$97,851,718$55,623,367$470,810,637
95$683,446,090$102,555,804$57,396,102$516,896,463
96$753,064,088$107,487,535$59,225,368$567,596,670
97$829,780,177$112,657,976$61,112,970$623,377,962
98$914,318,268$118,078,730$63,060,767$684,754,463
99$1,007,476,111$123,761,967$65,070,683$752,292,543
100$1,110,132,821$129,720,451$67,144,698$826,616,137