Can I retire at age 58 with 17,500,000?

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 $17,500,000?

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$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,389,010
2 years$715,413$702,089$689,176$676,656$664,512$657,987
3 years$472,204$458,823$445,942$433,540$421,594$415,210
4 years$350,624$337,283$324,532$312,341$300,684$294,491
5 years$277,695$264,434$251,850$239,908$228,575$222,591
6 years$229,091$215,930$203,532$191,856$180,864$175,096
7 years$194,388$181,338$169,136$157,736$147,091$141,542
8 years$168,372$155,440$143,441$132,321$122,026$116,697
9 years$148,149$135,339$123,546$112,708$102,763$97,653
10 years$131,979$119,294$107,710$97,155$87,560$82,666
11 years$118,758$106,201$94,826$84,554$75,304$70,623
12 years$107,749$95,320$84,156$74,165$65,257$60,786
13 years$98,440$86,142$75,188$65,477$56,905$52,639
14 years$90,468$78,300$67,556$58,123$49,883$45,817
15 years$83,566$71,529$60,994$51,836$43,921$40,050
16 years$77,532$65,626$55,300$46,413$38,817$35,137
17 years$72,213$60,439$50,321$41,702$34,418$30,922
18 years$67,491$55,849$45,937$37,582$30,603$27,286
19 years$63,271$51,760$42,053$33,958$27,277$24,133
20 years$59,477$48,098$38,594$30,756$24,364$21,388
21 years$56,049$44,801$35,499$27,913$21,803$18,988
22 years$52,937$41,820$32,718$25,379$19,544$16,883
23 years$50,100$39,114$30,209$23,113$17,544$15,032
24 years$47,503$36,647$27,938$21,081$15,769$13,399
25 years$45,118$34,391$25,877$19,252$14,189$11,957
26 years$42,919$32,322$23,999$17,603$12,781$10,679
27 years$40,887$30,419$22,285$16,113$11,523$9,546
28 years$39,004$28,664$20,717$14,763$10,398$8,540
29 years$37,253$27,041$19,279$13,538$9,389$7,644
30 years$35,622$25,537$17,958$12,424$8,483$6,847
31 years$34,100$24,141$16,741$11,411$7,670$6,135
32 years$32,675$22,843$15,620$10,487$6,938$5,501
33 years$31,340$21,632$14,585$9,643$6,279$4,933
34 years$30,086$20,502$13,627$8,873$5,685$4,426
35 years$28,906$19,446$12,740$8,168$5,149$3,973
36 years$27,794$18,457$11,918$7,522$4,665$3,567
37 years$26,745$17,530$11,155$6,931$4,228$3,203
38 years$25,753$16,660$10,446$6,388$3,833$2,877
39 years$24,815$15,842$9,787$5,890$3,476$2,585
40 years$23,925$15,072$9,173$5,433$3,153$2,323
41 years$23,082$14,347$8,602$5,013$2,860$2,087
42 years$22,280$13,664$8,069$4,626$2,596$1,876
43 years$21,518$13,019$7,571$4,270$2,356$1,687
44 years$20,792$12,410$7,107$3,943$2,138$1,517
45 years$20,101$11,834$6,673$3,641$1,941$1,364
46 years$19,442$11,289$6,268$3,364$1,762$1,226
47 years$18,813$10,773$5,888$3,108$1,600$1,103
48 years$18,211$10,285$5,534$2,872$1,453$992
49 years$17,636$9,821$5,201$2,654$1,320$892
50 years$17,086$9,382$4,890$2,453$1,199$803

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,500,000, adding $5,673 every year, while hoping to spend $27,564 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: 56/37/7 Blend
57$17,500,000$17,500,000$17,500,000$17,500,000
58$19,290,852$18,363,352$18,092,102$20,340,557
59$21,229,191$19,233,828$18,668,859$21,919,058
60$23,364,316$20,146,034$19,264,014$23,633,870
61$25,716,272$21,101,985$19,878,154$25,500,846
62$28,307,144$22,103,795$20,511,885$27,534,481
63$31,161,271$23,153,679$21,165,831$29,750,700
64$34,305,474$24,253,962$21,840,639$32,167,003
65$37,769,306$25,407,080$22,536,975$34,802,623
66$41,585,336$26,615,588$23,255,524$37,678,699
67$45,789,454$27,882,165$23,996,998$40,818,472
68$50,421,207$29,209,620$24,762,126$44,247,490
69$55,524,179$30,600,900$25,551,666$47,993,847
70$61,146,393$32,059,092$26,366,395$52,088,435
71$67,340,774$33,587,437$27,207,118$56,565,231
72$74,165,641$35,189,329$28,074,665$61,461,602
73$81,685,263$36,868,332$28,969,892$66,818,655
74$89,970,459$38,628,181$29,893,683$72,681,608
75$99,099,275$40,472,790$30,846,950$79,100,209
76$109,157,712$42,406,268$31,830,634$86,129,195
77$120,240,545$44,432,921$32,845,707$93,828,795
78$132,452,212$46,557,266$33,893,169$102,265,284
79$145,907,804$48,784,038$34,974,057$111,511,602
80$160,734,148$51,118,205$36,089,436$121,648,022
81$177,071,008$53,564,973$37,240,409$132,762,893
82$195,072,400$56,129,806$38,428,111$144,953,467
83$214,908,048$58,818,430$39,653,716$158,326,790
84$236,764,988$61,636,851$40,918,435$173,000,706
85$260,849,329$64,591,370$42,223,515$189,104,944
86$287,388,204$67,688,591$43,570,246$206,782,328
87$316,631,911$70,935,441$44,959,959$226,190,109
88$348,856,273$74,339,185$46,394,025$247,501,421
89$384,365,250$77,907,442$47,873,862$270,906,903
90$423,493,800$81,648,201$49,400,931$296,616,472
91$466,611,046$85,569,841$50,976,740$324,861,283
92$514,123,758$89,681,150$52,602,847$355,895,884
93$566,480,196$93,991,341$54,280,857$390,000,599
94$624,174,340$98,510,080$56,012,429$427,484,143
95$687,750,550$103,247,502$57,799,273$468,686,511
96$757,808,713$108,214,235$59,643,155$513,982,157
97$835,009,897$113,421,429$61,545,897$563,783,500
98$920,082,601$118,880,773$63,509,378$618,544,783
99$1,013,829,623$124,604,528$65,535,540$678,766,329
100$1,117,135,647$130,605,553$67,626,383$744,999,231