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

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,347,571
2 years$715,413$702,089$689,176$676,656$664,512$616,737
3 years$472,204$458,823$445,942$433,540$421,594$375,449
4 years$350,624$337,283$324,532$312,341$300,684$256,522
5 years$277,695$264,434$251,850$239,908$228,575$186,513
6 years$229,091$215,930$203,532$191,856$180,864$140,934
7 years$194,388$181,338$169,136$157,736$147,091$109,286
8 years$168,372$155,440$143,441$132,321$122,026$86,317
9 years$148,149$135,339$123,546$112,708$102,763$69,106
10 years$131,979$119,294$107,710$97,155$87,560$55,898
11 years$118,758$106,201$94,826$84,554$75,304$45,576
12 years$107,749$95,320$84,156$74,165$65,257$37,394
13 years$98,440$86,142$75,188$65,477$56,905$30,834
14 years$90,468$78,300$67,556$58,123$49,883$25,527
15 years$83,566$71,529$60,994$51,836$43,921$21,203
16 years$77,532$65,626$55,300$46,413$38,817$17,658
17 years$72,213$60,439$50,321$41,702$34,418$14,739
18 years$67,491$55,849$45,937$37,582$30,603$12,324
19 years$63,271$51,760$42,053$33,958$27,277$10,320
20 years$59,477$48,098$38,594$30,756$24,364$8,653
21 years$56,049$44,801$35,499$27,913$21,803$7,263
22 years$52,937$41,820$32,718$25,379$19,544$6,101
23 years$50,100$39,114$30,209$23,113$17,544$5,129
24 years$47,503$36,647$27,938$21,081$15,769$4,315
25 years$45,118$34,391$25,877$19,252$14,189$3,631
26 years$42,919$32,322$23,999$17,603$12,781$3,057
27 years$40,887$30,419$22,285$16,113$11,523$2,575
28 years$39,004$28,664$20,717$14,763$10,398$2,170
29 years$37,253$27,041$19,279$13,538$9,389$1,828
30 years$35,622$25,537$17,958$12,424$8,483$1,541
31 years$34,100$24,141$16,741$11,411$7,670$1,299
32 years$32,675$22,843$15,620$10,487$6,938$1,096
33 years$31,340$21,632$14,585$9,643$6,279$924
34 years$30,086$20,502$13,627$8,873$5,685$779
35 years$28,906$19,446$12,740$8,168$5,149$657
36 years$27,794$18,457$11,918$7,522$4,665$554
37 years$26,745$17,530$11,155$6,931$4,228$468
38 years$25,753$16,660$10,446$6,388$3,833$395
39 years$24,815$15,842$9,787$5,890$3,476$333
40 years$23,925$15,072$9,173$5,433$3,153$281
41 years$23,082$14,347$8,602$5,013$2,860$237
42 years$22,280$13,664$8,069$4,626$2,596$200
43 years$21,518$13,019$7,571$4,270$2,356$169
44 years$20,792$12,410$7,107$3,943$2,138$142
45 years$20,101$11,834$6,673$3,641$1,941$120
46 years$19,442$11,289$6,268$3,364$1,762$101
47 years$18,813$10,773$5,888$3,108$1,600$86
48 years$18,211$10,285$5,534$2,872$1,453$72
49 years$17,636$9,821$5,201$2,654$1,320$61
50 years$17,086$9,382$4,890$2,453$1,199$51

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 $2,965 every year, while hoping to spend $42,068 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: 23/48/29 Blend
57$17,500,000$17,500,000$17,500,000$17,500,000
58$19,288,058$18,360,558$18,089,308$19,555,123
59$21,210,680$19,215,466$18,650,540$20,643,815
60$23,328,000$20,110,854$19,229,163$21,804,818
61$25,659,831$21,048,661$19,825,716$23,046,927
62$28,228,010$22,030,921$20,440,753$24,376,866
63$31,056,595$23,059,764$21,074,846$25,801,977
64$34,172,099$24,137,425$21,728,586$27,330,283
65$37,603,739$25,266,244$22,402,579$28,970,548
66$41,383,708$26,448,677$23,097,452$30,732,358
67$45,547,481$27,687,298$23,813,852$32,626,194
68$50,134,153$28,984,804$24,552,445$34,663,521
69$55,186,801$30,344,023$25,313,916$36,856,890
70$60,752,896$31,767,922$26,098,974$39,220,037
71$66,884,750$33,259,609$26,908,348$41,768,005
72$73,640,008$34,822,343$27,742,791$44,517,271
73$81,082,192$36,459,541$28,603,078$47,485,889
74$89,281,301$38,174,785$29,490,007$50,693,645
75$98,314,475$39,971,830$30,404,404$54,162,227
76$108,266,717$41,854,616$31,347,116$57,915,419
77$119,231,699$43,827,268$32,319,022$61,979,303
78$131,312,645$45,894,117$33,321,021$66,382,493
79$144,623,306$48,059,700$34,354,046$71,156,385
80$159,289,032$50,328,774$35,419,056$76,335,432
81$175,447,958$52,706,329$36,517,040$81,957,456
82$193,252,306$55,197,595$37,649,016$88,063,976
83$212,869,819$57,808,055$38,816,036$94,700,586
84$234,485,351$60,543,460$40,019,183$101,917,360
85$258,302,605$63,409,838$41,259,575$109,769,297
86$284,546,061$66,413,511$42,538,361$118,316,823
87$313,463,093$69,561,106$43,856,729$127,626,331
88$345,326,302$72,859,574$45,215,903$137,770,779
89$380,436,092$76,316,200$46,617,143$148,830,357
90$419,123,506$79,938,626$48,061,750$160,893,206
91$461,753,348$83,734,864$49,551,064$174,056,226
92$508,727,631$87,713,313$51,086,465$188,425,955
93$560,489,367$91,882,783$52,669,379$204,119,541
94$617,526,752$96,252,510$54,301,274$221,265,814
95$680,377,776$100,832,178$55,983,662$240,006,463
96$749,635,299$105,631,944$57,718,104$260,497,336
97$825,952,647$110,662,457$59,506,208$282,909,868
98$910,049,783$115,934,883$61,349,632$307,432,661
99$1,002,720,100$121,460,932$63,250,084$334,273,218
100$1,104,837,915$127,252,882$65,209,326$363,659,853