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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,342,012
2 years$711,325$698,077$685,238$672,789$660,714$615,319
3 years$469,506$456,201$443,394$431,063$419,184$375,308
4 years$348,620$335,356$322,677$310,556$298,966$256,944
5 years$276,108$262,923$250,411$238,537$227,269$187,214
6 years$227,782$214,697$202,369$190,760$179,830$141,775
7 years$193,277$180,302$168,170$156,834$146,250$110,190
8 years$167,410$154,552$142,621$131,564$121,329$87,237
9 years$147,302$134,565$122,840$112,064$102,176$70,013
10 years$131,225$118,613$107,094$96,600$87,059$56,775
11 years$118,079$105,594$94,284$84,071$74,874$46,411
12 years$107,133$94,775$83,675$73,741$64,884$38,180
13 years$97,878$85,649$74,758$65,103$56,580$31,568
14 years$89,951$77,853$67,170$57,791$49,598$26,208
15 years$83,088$71,120$60,646$51,539$43,670$21,830
16 years$77,089$65,251$54,984$46,148$38,596$18,234
17 years$71,800$60,094$50,034$41,463$34,221$15,263
18 years$67,105$55,529$45,674$37,367$30,428$12,801
19 years$62,909$51,464$41,813$33,764$27,121$10,752
20 years$59,137$47,823$38,373$30,580$24,225$9,043
21 years$55,729$44,545$35,296$27,753$21,679$7,614
22 years$52,635$41,581$32,531$25,234$19,432$6,416
23 years$49,814$38,890$30,036$22,981$17,443$5,411
24 years$47,232$36,438$27,779$20,960$15,678$4,566
25 years$44,860$34,195$25,729$19,142$14,108$3,855
26 years$42,674$32,138$23,862$17,502$12,708$3,256
27 years$40,654$30,245$22,158$16,020$11,457$2,752
28 years$38,781$28,500$20,599$14,678$10,338$2,326
29 years$37,040$26,886$19,169$13,460$9,335$1,966
30 years$35,419$25,391$17,855$12,353$8,435$1,663
31 years$33,905$24,003$16,646$11,345$7,626$1,407
32 years$32,489$22,712$15,531$10,427$6,898$1,190
33 years$31,161$21,509$14,501$9,588$6,243$1,007
34 years$29,914$20,385$13,549$8,822$5,652$852
35 years$28,741$19,335$12,667$8,121$5,119$721
36 years$27,635$18,352$11,850$7,479$4,639$610
37 years$26,592$17,430$11,091$6,891$4,204$517
38 years$25,606$16,565$10,387$6,352$3,811$437
39 years$24,673$15,751$9,731$5,857$3,456$370
40 years$23,789$14,986$9,121$5,402$3,135$313
41 years$22,950$14,266$8,553$4,984$2,844$265
42 years$22,153$13,586$8,023$4,600$2,581$225
43 years$21,395$12,945$7,528$4,246$2,342$190
44 years$20,674$12,339$7,066$3,920$2,126$161
45 years$19,986$11,766$6,635$3,621$1,930$136
46 years$19,331$11,225$6,232$3,344$1,752$115
47 years$18,705$10,712$5,855$3,090$1,591$98
48 years$18,107$10,226$5,502$2,855$1,445$83
49 years$17,536$9,765$5,171$2,639$1,312$70
50 years$16,988$9,328$4,862$2,439$1,192$59

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 $4,650 every year, while hoping to spend $50,458 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: 68/13/19 Blend
57$17,400,000$17,400,000$17,400,000$17,400,000
58$19,179,596$18,257,396$17,987,696$20,393,944
59$21,082,228$19,098,322$18,536,597$22,046,963
60$23,177,238$19,978,762$19,102,195$23,848,147
61$25,484,193$20,900,599$19,684,996$25,817,184
62$28,024,659$21,865,806$20,285,522$27,970,602
63$30,822,397$22,876,453$20,904,309$30,326,597
64$33,903,589$23,934,707$21,541,911$32,905,193
65$37,297,088$25,042,840$22,198,898$35,728,433
66$41,034,686$26,203,235$22,875,857$38,820,581
67$45,151,419$27,418,388$23,573,393$42,208,351
68$49,685,891$28,690,916$24,292,129$45,921,150
69$54,680,644$30,023,563$25,032,706$49,991,358
70$60,182,555$31,419,203$25,795,788$54,454,625
71$66,243,282$32,880,851$26,582,053$59,350,207
72$72,919,750$34,411,666$27,392,205$64,721,329
73$80,274,687$36,014,960$28,226,967$70,615,592
74$88,377,217$37,694,204$29,087,082$77,085,413
75$97,303,512$39,453,039$29,973,318$84,188,520
76$107,137,511$41,295,279$30,886,465$91,988,490
77$117,971,713$43,224,923$31,827,337$100,555,343
78$129,908,048$45,246,165$32,796,773$109,966,198
79$143,058,841$47,363,399$33,795,637$120,305,995
80$157,547,869$49,581,233$34,824,818$131,668,293
81$173,511,536$51,904,497$35,885,233$144,156,144
82$191,100,150$54,338,255$36,977,826$157,883,062
83$210,479,352$56,887,816$38,103,570$172,974,084
84$231,831,673$59,558,746$39,263,466$189,566,949
85$255,358,258$62,356,879$40,458,547$207,813,386
86$281,280,767$65,288,333$41,689,875$227,880,540
87$309,843,465$68,359,521$42,958,546$249,952,545
88$341,315,528$71,577,167$44,265,687$274,232,248
89$375,993,585$74,948,321$45,612,460$300,943,121
90$414,204,515$78,480,373$47,000,062$330,331,358
91$456,308,537$82,181,073$48,429,726$362,668,192
92$502,702,607$86,058,545$49,902,720$398,252,442
93$553,824,166$90,121,306$51,420,355$437,413,329
94$610,155,269$94,378,289$52,983,975$480,513,568
95$672,227,138$98,838,856$54,594,970$527,952,785
96$740,625,172$103,512,827$56,254,767$580,171,276
97$815,994,479$108,410,494$57,964,841$637,654,150
98$899,045,959$113,542,651$59,726,706$700,935,899
99$990,563,021$118,920,615$61,541,925$770,605,429
100$1,091,408,976$124,556,253$63,412,107$847,311,604