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%11.2%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,388,427
2 years$715,413$702,089$689,176$676,656$664,512$657,399
3 years$472,204$458,823$445,942$433,540$421,594$414,636
4 years$350,624$337,283$324,532$312,341$300,684$293,935
5 years$277,695$264,434$251,850$239,908$228,575$222,055
6 years$229,091$215,930$203,532$191,856$180,864$174,581
7 years$194,388$181,338$169,136$157,736$147,091$141,048
8 years$168,372$155,440$143,441$132,321$122,026$116,224
9 years$148,149$135,339$123,546$112,708$102,763$97,201
10 years$131,979$119,294$107,710$97,155$87,560$82,234
11 years$118,758$106,201$94,826$84,554$75,304$70,212
12 years$107,749$95,320$84,156$74,165$65,257$60,393
13 years$98,440$86,142$75,188$65,477$56,905$52,266
14 years$90,468$78,300$67,556$58,123$49,883$45,463
15 years$83,566$71,529$60,994$51,836$43,921$39,714
16 years$77,532$65,626$55,300$46,413$38,817$34,819
17 years$72,213$60,439$50,321$41,702$34,418$30,621
18 years$67,491$55,849$45,937$37,582$30,603$27,002
19 years$63,271$51,760$42,053$33,958$27,277$23,865
20 years$59,477$48,098$38,594$30,756$24,364$21,134
21 years$56,049$44,801$35,499$27,913$21,803$18,749
22 years$52,937$41,820$32,718$25,379$19,544$16,658
23 years$50,100$39,114$30,209$23,113$17,544$14,821
24 years$47,503$36,647$27,938$21,081$15,769$13,201
25 years$45,118$34,391$25,877$19,252$14,189$11,771
26 years$42,919$32,322$23,999$17,603$12,781$10,505
27 years$40,887$30,419$22,285$16,113$11,523$9,383
28 years$39,004$28,664$20,717$14,763$10,398$8,387
29 years$37,253$27,041$19,279$13,538$9,389$7,502
30 years$35,622$25,537$17,958$12,424$8,483$6,714
31 years$34,100$24,141$16,741$11,411$7,670$6,011
32 years$32,675$22,843$15,620$10,487$6,938$5,385
33 years$31,340$21,632$14,585$9,643$6,279$4,826
34 years$30,086$20,502$13,627$8,873$5,685$4,326
35 years$28,906$19,446$12,740$8,168$5,149$3,879
36 years$27,794$18,457$11,918$7,522$4,665$3,480
37 years$26,745$17,530$11,155$6,931$4,228$3,122
38 years$25,753$16,660$10,446$6,388$3,833$2,802
39 years$24,815$15,842$9,787$5,890$3,476$2,515
40 years$23,925$15,072$9,173$5,433$3,153$2,258
41 years$23,082$14,347$8,602$5,013$2,860$2,028
42 years$22,280$13,664$8,069$4,626$2,596$1,821
43 years$21,518$13,019$7,571$4,270$2,356$1,636
44 years$20,792$12,410$7,107$3,943$2,138$1,470
45 years$20,101$11,834$6,673$3,641$1,941$1,320
46 years$19,442$11,289$6,268$3,364$1,762$1,186
47 years$18,813$10,773$5,888$3,108$1,600$1,066
48 years$18,211$10,285$5,534$2,872$1,453$958
49 years$17,636$9,821$5,201$2,654$1,320$861
50 years$17,086$9,382$4,890$2,453$1,199$774

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 $5,079 every year, while hoping to spend $43,799 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: 73/8/19 Blend
57$17,500,000$17,500,000$17,500,000$17,500,000
58$19,290,239$18,362,739$18,091,489$20,611,318
59$21,211,242$19,215,911$18,650,952$22,342,538
60$23,326,718$20,109,421$19,227,689$24,232,713
61$25,656,460$21,045,199$19,822,233$26,302,303
62$28,222,273$22,025,268$20,435,132$28,569,129
63$31,048,188$23,051,749$21,066,952$31,052,811
64$34,160,684$24,126,866$21,718,276$33,774,951
65$37,588,941$25,252,949$22,389,705$36,759,338
66$41,365,112$26,432,443$23,081,859$40,032,164
67$45,524,628$27,667,907$23,795,376$43,622,274
68$50,106,534$28,962,029$24,530,915$47,561,430
69$55,153,853$30,317,621$25,289,154$51,884,613
70$60,713,997$31,737,636$26,070,792$56,630,351
71$66,839,212$33,225,166$26,876,550$61,841,072
72$73,587,068$34,783,456$27,707,171$67,563,509
73$81,021,009$36,415,905$28,563,421$73,849,136
74$89,210,945$38,126,078$29,446,089$80,754,647
75$98,233,918$39,917,712$30,355,989$88,342,492
76$108,174,822$41,794,725$31,293,960$96,681,460
77$119,127,212$43,761,225$32,260,865$105,847,326
78$131,194,180$45,821,517$33,257,597$115,923,559
79$144,489,333$47,980,118$34,285,073$127,002,112
80$159,137,862$50,241,760$35,344,239$139,184,279
81$175,277,725$52,611,407$36,436,072$152,581,650
82$193,060,949$55,094,263$37,561,577$167,317,161
83$212,655,067$57,695,783$38,721,791$183,526,243
84$234,244,695$60,421,688$39,917,782$201,358,106
85$258,033,277$63,277,974$41,150,652$220,977,131
86$284,245,007$66,270,930$42,421,534$242,564,424
87$313,126,942$69,407,150$43,731,600$266,319,515
88$344,951,336$72,693,546$45,082,054$292,462,240
89$380,018,210$76,137,368$46,474,141$321,234,806
90$418,658,183$79,746,214$47,909,140$352,904,072
91$461,235,594$83,528,054$49,388,372$387,764,062
92$508,151,940$87,491,245$50,913,198$426,138,735
93$559,849,669$91,644,546$52,485,021$468,385,032
94$616,816,352$95,997,146$54,105,286$514,896,241
95$679,589,290$100,558,677$55,775,484$566,105,699
96$748,760,585$105,339,239$57,497,149$622,490,878
97$824,982,727$110,349,424$59,271,866$684,577,882
98$908,974,757$115,600,338$61,101,266$752,946,402
99$1,001,529,054$121,103,626$62,987,030$828,235,182
100$1,103,518,814$126,871,500$64,930,892$911,148,041