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%19.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,335,616
2 years$711,325$698,077$685,238$672,789$660,714$609,036
3 years$469,506$456,201$443,394$431,063$419,184$369,337
4 years$348,620$335,356$322,677$310,556$298,966$251,330
5 years$276,108$262,923$250,411$238,537$227,269$181,968
6 years$227,782$214,697$202,369$190,760$179,830$136,896
7 years$193,277$180,302$168,170$156,834$146,250$105,671
8 years$167,410$154,552$142,621$131,564$121,329$83,067
9 years$147,302$134,565$122,840$112,064$102,176$66,179
10 years$131,225$118,613$107,094$96,600$87,059$53,260
11 years$118,079$105,594$94,284$84,071$74,874$43,200
12 years$107,133$94,775$83,675$73,741$64,884$35,255
13 years$97,878$85,649$74,758$65,103$56,580$28,912
14 years$89,951$77,853$67,170$57,791$49,598$23,803
15 years$83,088$71,120$60,646$51,539$43,670$19,659
16 years$77,089$65,251$54,984$46,148$38,596$16,277
17 years$71,800$60,094$50,034$41,463$34,221$13,506
18 years$67,105$55,529$45,674$37,367$30,428$11,226
19 years$62,909$51,464$41,813$33,764$27,121$9,344
20 years$59,137$47,823$38,373$30,580$24,225$7,787
21 years$55,729$44,545$35,296$27,753$21,679$6,495
22 years$52,635$41,581$32,531$25,234$19,432$5,422
23 years$49,814$38,890$30,036$22,981$17,443$4,530
24 years$47,232$36,438$27,779$20,960$15,678$3,786
25 years$44,860$34,195$25,729$19,142$14,108$3,166
26 years$42,674$32,138$23,862$17,502$12,708$2,649
27 years$40,654$30,245$22,158$16,020$11,457$2,216
28 years$38,781$28,500$20,599$14,678$10,338$1,855
29 years$37,040$26,886$19,169$13,460$9,335$1,553
30 years$35,419$25,391$17,855$12,353$8,435$1,301
31 years$33,905$24,003$16,646$11,345$7,626$1,089
32 years$32,489$22,712$15,531$10,427$6,898$913
33 years$31,161$21,509$14,501$9,588$6,243$765
34 years$29,914$20,385$13,549$8,822$5,652$641
35 years$28,741$19,335$12,667$8,121$5,119$537
36 years$27,635$18,352$11,850$7,479$4,639$450
37 years$26,592$17,430$11,091$6,891$4,204$377
38 years$25,606$16,565$10,387$6,352$3,811$316
39 years$24,673$15,751$9,731$5,857$3,456$265
40 years$23,789$14,986$9,121$5,402$3,135$222
41 years$22,950$14,266$8,553$4,984$2,844$186
42 years$22,153$13,586$8,023$4,600$2,581$156
43 years$21,395$12,945$7,528$4,246$2,342$131
44 years$20,674$12,339$7,066$3,920$2,126$109
45 years$19,986$11,766$6,635$3,621$1,930$92
46 years$19,331$11,225$6,232$3,344$1,752$77
47 years$18,705$10,712$5,855$3,090$1,591$64
48 years$18,107$10,226$5,502$2,855$1,445$54
49 years$17,536$9,765$5,171$2,639$1,312$45
50 years$16,988$9,328$4,862$2,439$1,192$38

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 $4,189 every year, while hoping to spend $46,168 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: 62/28/10 Blend
57$17,400,000$17,400,000$17,400,000$17,400,000
58$19,179,121$18,256,921$17,987,221$20,324,998
59$21,086,269$19,102,388$18,540,670$21,937,859
60$23,186,399$19,987,735$19,111,113$23,691,875
61$25,499,145$20,914,868$19,699,070$25,605,247
62$28,046,146$21,885,784$20,305,076$27,693,401
63$30,851,242$22,902,577$20,929,686$29,973,297
64$33,940,707$23,967,442$21,573,468$32,463,590
65$37,343,490$25,082,677$22,237,010$35,184,797
66$41,091,493$26,250,695$22,920,917$38,159,484
67$45,219,870$27,474,024$23,625,812$41,412,478
68$49,767,358$28,755,313$24,352,339$44,971,090
69$54,776,644$30,097,339$25,101,158$48,865,369
70$60,294,768$31,503,014$25,872,952$53,128,381
71$66,373,564$32,975,391$26,668,426$57,796,511
72$73,070,152$34,517,670$27,488,302$62,909,801
73$80,447,476$36,133,204$28,333,329$68,512,318
74$88,574,898$37,825,511$29,204,276$74,652,566
75$97,528,854$39,598,277$30,101,935$81,383,935
76$107,393,572$41,455,368$31,027,124$88,765,192
77$118,261,869$43,400,833$31,980,686$96,861,030
78$130,236,028$45,438,923$32,963,487$105,742,672
79$143,428,762$47,574,089$33,976,424$115,488,528
80$157,964,278$49,811,002$35,020,416$126,184,928
81$173,979,449$52,154,555$36,096,414$137,926,924
82$191,625,105$54,609,881$37,205,397$150,819,180
83$211,067,461$57,182,361$38,348,373$164,976,944
84$232,489,680$59,877,634$39,526,381$180,527,125
85$256,093,606$62,701,616$40,740,493$197,609,480
86$282,101,666$65,660,508$41,991,812$216,377,914
87$310,758,973$68,760,810$43,281,475$237,001,928
88$342,335,638$72,009,340$44,610,654$259,668,193
89$377,129,320$75,413,244$45,980,557$284,582,308
90$415,468,033$78,980,016$47,392,429$311,970,715
91$457,713,248$82,717,512$48,847,551$342,082,825
92$504,263,301$86,633,972$50,347,246$375,193,354
93$555,557,153$90,738,032$51,892,874$411,604,897
94$612,078,537$95,038,749$53,485,839$451,650,763
95$674,360,519$99,545,620$55,127,586$495,698,106
96$742,990,539$104,268,601$56,819,607$544,151,364
97$818,615,945$109,218,134$58,563,435$597,456,060
98$901,950,115$114,405,166$60,360,653$656,102,979
99$993,779,183$119,841,176$62,212,892$720,632,782
100$1,094,969,466$125,538,200$64,121,830$791,641,079