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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,354,192
2 years$719,501$706,101$693,114$680,522$668,309$619,201
3 years$474,902$461,445$448,491$436,017$424,003$376,586
4 years$352,627$339,211$326,386$314,126$302,402$257,040
5 years$279,281$265,945$253,289$241,279$229,881$186,692
6 years$230,400$217,164$204,695$192,953$181,897$140,914
7 years$195,499$182,374$170,103$158,637$147,931$109,146
8 years$169,334$156,328$144,261$133,077$122,723$86,105
9 years$148,995$136,112$124,252$113,352$103,351$68,852
10 years$132,733$119,976$108,325$97,710$88,060$55,622
11 years$119,437$106,808$95,368$85,037$75,735$45,292
12 years$108,364$95,865$84,637$74,589$65,630$37,111
13 years$99,003$86,634$75,617$65,851$57,231$30,559
14 years$90,985$78,748$67,942$58,455$50,168$25,265
15 years$84,043$71,937$61,343$52,132$44,172$20,955
16 years$77,975$66,001$55,616$46,678$39,039$17,427
17 years$72,626$60,785$50,609$41,940$34,615$14,524
18 years$67,876$56,168$46,199$37,796$30,778$12,126
19 years$63,632$52,056$42,293$34,152$27,433$10,139
20 years$59,817$48,373$38,815$30,932$24,504$8,488
21 years$56,369$45,057$35,702$28,072$21,928$7,114
22 years$53,240$42,059$32,905$25,524$19,655$5,967
23 years$50,386$39,337$30,382$23,245$17,644$5,008
24 years$47,775$36,856$28,098$21,201$15,859$4,206
25 years$45,376$34,588$26,024$19,362$14,270$3,534
26 years$43,165$32,507$24,136$17,704$12,854$2,971
27 years$41,121$30,593$22,413$16,205$11,589$2,498
28 years$39,227$28,828$20,835$14,847$10,457$2,101
29 years$37,466$27,196$19,389$13,615$9,443$1,768
30 years$35,826$25,683$18,060$12,495$8,532$1,488
31 years$34,295$24,279$16,837$11,476$7,714$1,252
32 years$32,862$22,973$15,709$10,547$6,978$1,054
33 years$31,519$21,756$14,668$9,698$6,315$887
34 years$30,258$20,620$13,705$8,923$5,717$747
35 years$29,071$19,557$12,813$8,214$5,178$629
36 years$27,953$18,563$11,986$7,565$4,692$530
37 years$26,898$17,630$11,219$6,970$4,252$446
38 years$25,900$16,755$10,506$6,425$3,855$376
39 years$24,956$15,933$9,843$5,924$3,496$317
40 years$24,062$15,159$9,226$5,464$3,171$267
41 years$23,213$14,429$8,651$5,041$2,877$225
42 years$22,407$13,742$8,115$4,652$2,610$189
43 years$21,641$13,093$7,615$4,295$2,369$159
44 years$20,911$12,481$7,148$3,966$2,150$134
45 years$20,216$11,902$6,711$3,662$1,952$113
46 years$19,553$11,354$6,304$3,383$1,772$95
47 years$18,920$10,835$5,922$3,125$1,610$80
48 years$18,315$10,343$5,565$2,888$1,462$68
49 years$17,737$9,877$5,231$2,669$1,328$57
50 years$17,184$9,435$4,918$2,467$1,206$48

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 $5,188 every year, while hoping to spend $56,058 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: 70/13/17 Blend
57$17,600,000$17,600,000$17,600,000$17,600,000
58$19,400,551$18,467,751$18,194,951$20,680,348
59$21,319,762$19,313,026$18,744,837$22,378,134
60$23,432,854$20,197,840$19,311,265$24,228,511
61$25,759,543$21,124,072$19,894,730$26,252,303
62$28,321,555$22,093,691$20,495,743$28,466,628
63$31,142,831$23,108,758$21,114,827$30,890,326
64$34,249,749$24,171,437$21,752,523$33,544,138
65$37,671,380$25,283,993$22,409,389$36,450,894
66$41,439,753$26,448,802$23,085,996$39,635,728
67$45,590,166$27,668,352$23,782,935$43,126,310
68$50,161,514$28,945,251$24,500,814$46,953,107
69$55,196,655$30,282,235$25,240,258$51,149,663
70$60,742,818$31,682,169$26,001,911$55,752,915
71$66,852,048$33,148,058$26,786,437$60,803,536
72$73,581,693$34,683,049$27,594,519$66,346,314
73$80,994,949$36,290,442$28,426,860$72,430,574
74$89,161,458$37,973,698$29,284,183$79,110,634
75$98,157,959$39,736,441$30,167,235$86,446,317
76$108,069,017$41,582,473$31,076,784$94,503,511
77$118,987,819$43,515,777$32,013,619$103,354,783
78$131,017,057$45,540,529$32,978,555$113,080,061
79$144,269,889$47,661,108$33,972,429$123,767,380
80$158,871,016$49,882,101$34,996,104$135,513,713
81$174,957,855$52,208,319$36,050,469$148,425,875
82$192,681,835$54,644,805$37,136,438$162,621,526
83$212,209,826$57,196,845$38,254,953$178,230,277
84$233,725,717$59,869,979$39,406,982$195,394,907
85$257,432,150$62,670,017$40,593,526$214,272,700
86$283,552,430$65,603,049$41,815,610$235,036,927
87$312,332,639$68,675,459$43,074,294$257,878,472
88$344,043,951$71,893,940$44,370,666$283,007,622
89$378,985,199$75,265,508$45,705,848$310,656,051
90$417,485,690$78,797,519$47,080,994$341,078,995
91$459,908,317$82,497,684$48,497,295$374,557,648
92$506,652,984$86,374,089$49,955,972$411,401,814
93$558,160,378$90,435,209$51,458,287$451,952,818
94$614,916,133$94,689,930$53,005,536$496,586,718
95$677,455,412$99,147,570$54,599,055$545,717,844
96$746,367,959$103,817,897$56,240,218$599,802,699
97$822,303,667$108,711,150$57,930,442$659,344,255
98$905,978,712$113,838,067$59,671,183$724,896,691
99$998,182,314$119,209,905$61,463,940$797,070,611
100$1,099,784,186$124,838,468$63,310,259$876,538,794