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%17.6%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,352,429
2 years$715,413$702,089$689,176$676,656$664,512$621,521
3 years$472,204$458,823$445,942$433,540$421,594$380,005
4 years$350,624$337,283$324,532$312,341$300,684$260,817
5 years$277,695$264,434$251,850$239,908$228,575$190,537
6 years$229,091$215,930$203,532$191,856$180,864$144,688
7 years$194,388$181,338$169,136$157,736$147,091$112,774
8 years$168,372$155,440$143,441$132,321$122,026$89,547
9 years$148,149$135,339$123,546$112,708$102,763$72,087
10 years$131,979$119,294$107,710$97,155$87,560$58,640
11 years$118,758$106,201$94,826$84,554$75,304$48,091
12 years$107,749$95,320$84,156$74,165$65,257$39,694
13 years$98,440$86,142$75,188$65,477$56,905$32,931
14 years$90,468$78,300$67,556$58,123$49,883$27,435
15 years$83,566$71,529$60,994$51,836$43,921$22,933
16 years$77,532$65,626$55,300$46,413$38,817$19,224
17 years$72,213$60,439$50,321$41,702$34,418$16,152
18 years$67,491$55,849$45,937$37,582$30,603$13,596
19 years$63,271$51,760$42,053$33,958$27,277$11,463
20 years$59,477$48,098$38,594$30,756$24,364$9,678
21 years$56,049$44,801$35,499$27,913$21,803$8,180
22 years$52,937$41,820$32,718$25,379$19,544$6,920
23 years$50,100$39,114$30,209$23,113$17,544$5,859
24 years$47,503$36,647$27,938$21,081$15,769$4,964
25 years$45,118$34,391$25,877$19,252$14,189$4,208
26 years$42,919$32,322$23,999$17,603$12,781$3,569
27 years$40,887$30,419$22,285$16,113$11,523$3,028
28 years$39,004$28,664$20,717$14,763$10,398$2,570
29 years$37,253$27,041$19,279$13,538$9,389$2,182
30 years$35,622$25,537$17,958$12,424$8,483$1,853
31 years$34,100$24,141$16,741$11,411$7,670$1,573
32 years$32,675$22,843$15,620$10,487$6,938$1,337
33 years$31,340$21,632$14,585$9,643$6,279$1,136
34 years$30,086$20,502$13,627$8,873$5,685$965
35 years$28,906$19,446$12,740$8,168$5,149$820
36 years$27,794$18,457$11,918$7,522$4,665$697
37 years$26,745$17,530$11,155$6,931$4,228$592
38 years$25,753$16,660$10,446$6,388$3,833$504
39 years$24,815$15,842$9,787$5,890$3,476$428
40 years$23,925$15,072$9,173$5,433$3,153$364
41 years$23,082$14,347$8,602$5,013$2,860$309
42 years$22,280$13,664$8,069$4,626$2,596$263
43 years$21,518$13,019$7,571$4,270$2,356$224
44 years$20,792$12,410$7,107$3,943$2,138$190
45 years$20,101$11,834$6,673$3,641$1,941$162
46 years$19,442$11,289$6,268$3,364$1,762$137
47 years$18,813$10,773$5,888$3,108$1,600$117
48 years$18,211$10,285$5,534$2,872$1,453$99
49 years$17,636$9,821$5,201$2,654$1,320$84
50 years$17,086$9,382$4,890$2,453$1,199$72

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 $5,448 every year, while hoping to spend $31,773 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: 39/41/20 Blend
57$17,500,000$17,500,000$17,500,000$17,500,000
58$19,290,620$18,363,120$18,091,870$19,927,732
59$21,224,457$19,229,106$18,664,141$21,252,222
60$23,354,480$20,136,461$19,254,519$22,680,009
61$25,700,667$21,087,178$19,863,575$24,223,213
62$28,285,033$22,083,348$20,491,903$25,892,315
63$31,131,835$23,127,160$21,140,110$27,698,809
64$34,267,805$24,220,914$21,808,827$29,655,303
65$37,722,401$25,367,019$22,498,702$31,775,627
66$41,528,083$26,567,999$23,210,406$34,074,957
67$45,720,621$27,826,505$23,944,628$36,569,949
68$50,339,433$29,145,313$24,702,082$39,278,885
69$55,427,957$30,527,335$25,483,503$42,221,837
70$61,034,058$31,975,623$26,289,649$45,420,849
71$67,210,483$33,493,380$27,121,304$48,900,128
72$74,015,358$35,083,962$27,979,274$52,686,266
73$81,512,737$36,750,888$28,864,392$56,808,478
74$89,773,205$38,497,851$29,777,518$61,298,865
75$98,874,545$40,328,718$30,719,538$66,192,705
76$108,902,473$42,247,549$31,691,366$71,528,772
77$119,951,445$44,258,599$32,693,947$77,349,684
78$132,125,551$46,366,329$33,728,253$83,702,300
79$145,539,496$48,575,418$34,795,288$90,638,137
80$160,319,683$50,890,772$35,896,089$98,213,844
81$176,605,407$53,317,537$37,031,724$106,491,721
82$194,550,168$55,861,106$38,203,297$115,540,288
83$214,323,122$58,527,136$39,411,944$125,434,913
84$236,110,675$61,321,560$40,658,838$136,258,504
85$260,118,246$64,250,599$41,945,192$148,102,272
86$286,572,204$67,320,776$43,272,253$161,066,569
87$315,722,006$70,538,931$44,641,311$175,261,815
88$347,842,550$73,912,238$46,053,694$190,809,516
89$383,236,772$77,448,219$47,510,774$207,843,388
90$422,238,505$81,154,764$49,013,967$226,510,590
91$465,215,628$85,040,144$50,564,731$246,973,089
92$512,573,546$89,113,034$52,164,573$269,409,163
93$564,759,008$93,382,533$53,815,046$294,015,050
94$622,264,330$97,858,180$55,517,754$321,006,771
95$685,632,042$102,549,981$57,274,349$350,622,141
96$755,460,008$107,468,428$59,086,537$383,122,975
97$832,407,072$112,624,524$60,956,079$418,797,528
98$917,199,275$118,029,808$62,884,790$457,963,175
99$1,010,636,715$123,696,382$64,874,544$500,969,374
100$1,113,601,091$129,636,936$66,927,272$548,200,920