Can I retire at age 58 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,347,233
2 years$719,501$706,101$693,114$680,522$668,309$612,379
3 years$474,902$461,445$448,491$436,017$424,003$370,119
4 years$352,627$339,211$326,386$314,126$302,402$250,975
5 years$279,281$265,945$253,289$241,279$229,881$181,041
6 years$230,400$217,164$204,695$192,953$181,897$135,674
7 years$195,499$182,374$170,103$158,637$147,931$104,308
8 years$169,334$156,328$144,261$133,077$122,723$81,655
9 years$148,995$136,112$124,252$113,352$103,351$64,774
10 years$132,733$119,976$108,325$97,710$88,060$51,899
11 years$119,437$106,808$95,368$85,037$75,735$41,904
12 years$108,364$95,865$84,637$74,589$65,630$34,038
13 years$99,003$86,634$75,617$65,851$57,231$27,780
14 years$90,985$78,748$67,942$58,455$50,168$22,759
15 years$84,043$71,937$61,343$52,132$44,172$18,702
16 years$77,975$66,001$55,616$46,678$39,039$15,407
17 years$72,626$60,785$50,609$41,940$34,615$12,718
18 years$67,876$56,168$46,199$37,796$30,778$10,516
19 years$63,632$52,056$42,293$34,152$27,433$8,706
20 years$59,817$48,373$38,815$30,932$24,504$7,216
21 years$56,369$45,057$35,702$28,072$21,928$5,987
22 years$53,240$42,059$32,905$25,524$19,655$4,971
23 years$50,386$39,337$30,382$23,245$17,644$4,130
24 years$47,775$36,856$28,098$21,201$15,859$3,433
25 years$45,376$34,588$26,024$19,362$14,270$2,854
26 years$43,165$32,507$24,136$17,704$12,854$2,374
27 years$41,121$30,593$22,413$16,205$11,589$1,976
28 years$39,227$28,828$20,835$14,847$10,457$1,645
29 years$37,466$27,196$19,389$13,615$9,443$1,369
30 years$35,826$25,683$18,060$12,495$8,532$1,140
31 years$34,295$24,279$16,837$11,476$7,714$949
32 years$32,862$22,973$15,709$10,547$6,978$791
33 years$31,519$21,756$14,668$9,698$6,315$658
34 years$30,258$20,620$13,705$8,923$5,717$549
35 years$29,071$19,557$12,813$8,214$5,178$457
36 years$27,953$18,563$11,986$7,565$4,692$381
37 years$26,898$17,630$11,219$6,970$4,252$317
38 years$25,900$16,755$10,506$6,425$3,855$264
39 years$24,956$15,933$9,843$5,924$3,496$220
40 years$24,062$15,159$9,226$5,464$3,171$183
41 years$23,213$14,429$8,651$5,041$2,877$153
42 years$22,407$13,742$8,115$4,652$2,610$127
43 years$21,641$13,093$7,615$4,295$2,369$106
44 years$20,911$12,481$7,148$3,966$2,150$88
45 years$20,216$11,902$6,711$3,662$1,952$74
46 years$19,553$11,354$6,304$3,383$1,772$61
47 years$18,920$10,835$5,922$3,125$1,610$51
48 years$18,315$10,343$5,565$2,888$1,462$43
49 years$17,737$9,877$5,231$2,669$1,328$36
50 years$17,184$9,435$4,918$2,467$1,206$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,600,000, adding $6,182 every year, while hoping to spend $22,211 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: 29/41/30 Blend
57$17,600,000$17,600,000$17,600,000$17,600,000
58$19,401,577$18,468,777$18,195,977$19,784,874
59$21,356,905$19,350,114$18,781,910$20,972,273
60$23,510,933$20,273,893$19,386,727$22,245,533
61$25,883,903$21,242,169$20,011,038$23,613,946
62$28,498,125$22,257,099$20,655,471$25,085,764
63$31,378,180$23,320,943$21,320,675$26,670,016
64$34,551,158$24,436,073$22,007,321$28,376,588
65$38,046,910$25,604,975$22,716,101$30,216,302
66$41,898,333$26,830,256$23,447,728$32,201,016
67$46,141,675$28,114,652$24,202,940$34,343,717
68$50,816,885$29,461,028$24,982,497$36,658,643
69$55,967,982$30,872,393$25,787,185$39,161,396
70$61,643,475$32,351,900$26,617,815$41,869,089
71$67,896,822$33,902,855$27,475,224$44,800,486
72$74,786,930$35,528,728$28,360,277$47,976,174
73$82,378,715$37,233,153$29,273,864$51,418,737
74$90,743,713$39,019,947$30,216,908$55,152,964
75$99,960,756$40,893,108$31,190,358$59,206,064
76$110,116,714$42,856,831$32,195,196$63,607,906
77$121,307,318$44,915,516$33,232,434$68,391,290
78$133,638,064$47,073,775$34,303,120$73,592,239
79$147,225,203$49,336,447$35,408,331$79,250,320
80$162,196,846$51,708,605$36,549,183$85,409,003
81$178,694,170$54,195,572$37,726,825$92,116,051
82$196,872,747$56,802,927$38,942,446$99,423,949
83$216,904,020$59,536,523$40,197,271$107,390,385
84$238,976,916$62,402,499$41,492,565$116,078,768
85$263,299,631$65,407,290$42,829,636$125,558,807
86$290,101,595$68,557,650$44,209,830$135,907,146
87$319,635,640$71,860,657$45,634,542$147,208,061
88$352,180,383$75,323,737$47,105,208$159,554,232
89$388,042,861$78,954,679$48,623,310$173,047,591
90$427,561,424$82,761,649$50,190,382$187,800,257
91$471,108,933$86,753,214$51,808,004$203,935,561
92$519,096,279$90,938,357$53,477,807$221,589,188
93$571,976,264$95,326,500$55,201,478$240,910,418
94$630,247,870$99,927,526$56,980,755$262,063,506
95$694,460,976$104,751,797$58,817,433$285,229,195
96$765,221,545$109,810,185$60,713,366$310,606,389
97$843,197,346$115,114,088$62,670,468$338,413,991
98$929,124,261$120,675,464$64,690,714$368,892,928
99$1,023,813,225$126,506,851$66,776,143$402,308,385
100$1,128,157,890$132,621,403$68,928,860$438,952,264