Can I retire at age 58 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,360,262
2 years$723,589$710,113$697,052$684,389$672,106$621,124
3 years$477,601$464,066$451,039$438,495$426,412$377,212
4 years$354,631$341,138$328,241$315,911$304,120$257,077
5 years$280,868$267,456$254,728$242,650$231,188$186,424
6 years$231,709$218,398$205,858$194,049$182,931$140,480
7 years$196,609$183,410$171,069$159,538$148,772$108,624
8 years$170,296$157,217$145,080$133,833$123,420$85,540
9 years$149,842$136,885$124,958$113,996$103,938$68,275
10 years$133,487$120,658$108,941$98,265$88,560$55,052
11 years$120,115$107,415$95,910$85,520$76,165$44,740
12 years$108,980$96,409$85,118$75,013$66,003$36,586
13 years$99,565$87,126$76,047$66,225$57,556$30,065
14 years$91,502$79,195$68,328$58,787$50,453$24,804
15 years$84,521$72,346$61,691$52,428$44,423$20,529
16 years$78,418$66,376$55,932$46,944$39,261$17,035
17 years$73,038$61,130$50,896$42,178$34,812$14,166
18 years$68,262$56,487$46,462$38,011$30,953$11,801
19 years$63,994$52,351$42,533$34,346$27,589$9,845
20 years$60,157$48,648$39,035$31,107$24,643$8,223
21 years$56,690$45,313$35,905$28,232$22,053$6,875
22 years$53,542$42,298$33,092$25,669$19,767$5,753
23 years$50,673$39,561$30,554$23,377$17,744$4,817
24 years$48,046$37,066$28,258$21,322$15,949$4,036
25 years$45,633$34,784$26,172$19,472$14,351$3,383
26 years$43,410$32,692$24,273$17,804$12,927$2,837
27 years$41,355$30,767$22,540$16,297$11,655$2,380
28 years$39,449$28,991$20,954$14,931$10,517$1,997
29 years$37,679$27,350$19,499$13,692$9,496$1,676
30 years$36,030$25,829$18,163$12,566$8,580$1,407
31 years$34,490$24,417$16,933$11,541$7,757$1,181
32 years$33,049$23,104$15,799$10,606$7,017$992
33 years$31,698$21,879$14,751$9,753$6,351$833
34 years$30,430$20,737$13,783$8,974$5,750$700
35 years$29,236$19,669$12,886$8,261$5,208$588
36 years$28,112$18,668$12,054$7,608$4,718$494
37 years$27,050$17,731$11,283$7,010$4,277$415
38 years$26,047$16,850$10,566$6,461$3,877$348
39 years$25,098$16,023$9,899$5,958$3,516$293
40 years$24,199$15,245$9,278$5,495$3,189$246
41 years$23,345$14,511$8,700$5,070$2,893$207
42 years$22,535$13,820$8,161$4,679$2,625$174
43 years$21,764$13,168$7,658$4,319$2,383$146
44 years$21,030$12,552$7,188$3,988$2,163$123
45 years$20,331$11,969$6,750$3,683$1,963$103
46 years$19,664$11,418$6,339$3,402$1,783$87
47 years$19,028$10,896$5,956$3,143$1,619$73
48 years$18,419$10,402$5,597$2,904$1,470$61
49 years$17,838$9,933$5,261$2,684$1,335$51
50 years$17,281$9,489$4,946$2,481$1,213$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,700,000, adding $4,653 every year, while hoping to spend $51,451 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: 74/11/15 Blend
57$17,700,000$17,700,000$17,700,000$17,700,000
58$19,510,200$18,572,100$18,297,750$20,889,408
59$21,445,496$19,427,389$18,855,981$22,657,950
60$23,576,469$20,322,863$19,431,188$24,588,365
61$25,923,022$21,260,437$20,023,886$26,702,154
62$28,507,089$22,242,117$20,634,605$29,017,519
63$31,352,839$23,270,007$21,263,890$31,554,497
64$34,486,902$24,346,311$21,912,305$34,335,146
65$37,938,626$25,473,340$22,580,427$37,383,754
66$41,740,349$26,653,517$23,268,854$40,727,066
67$45,927,705$27,889,380$23,978,202$44,394,528
68$50,539,962$29,183,590$24,709,102$48,418,567
69$55,620,389$30,538,937$25,462,208$52,834,893
70$61,216,668$31,958,344$26,238,191$57,682,831
71$67,381,342$33,444,877$27,037,744$63,005,690
72$74,172,311$35,001,748$27,861,581$68,851,166
73$81,653,378$36,632,325$28,710,435$75,271,794
74$89,894,851$38,340,138$29,585,064$82,325,434
75$98,974,210$40,128,888$30,486,247$90,075,815
76$108,976,830$42,002,455$31,414,787$98,593,133
77$119,996,796$43,964,904$32,371,512$107,954,709
78$132,137,785$46,020,500$33,357,274$118,245,714
79$145,514,046$48,173,712$34,372,949$129,559,969
80$160,251,480$50,429,225$35,419,444$142,000,823
81$176,488,824$52,791,950$36,497,689$155,682,127
82$194,378,966$55,267,037$37,608,643$170,729,298
83$214,090,383$57,859,885$38,753,295$187,280,505
84$235,808,734$60,576,152$39,932,663$205,487,960
85$259,738,613$63,421,771$41,147,795$225,519,351
86$286,105,478$66,402,964$42,399,772$247,559,421
87$315,157,778$69,526,251$43,689,707$271,811,702
88$347,169,304$72,798,470$45,018,744$298,500,429
89$382,441,767$76,226,789$46,388,066$327,872,654
90$421,307,649$79,818,723$47,798,887$360,200,565
91$464,133,340$83,582,151$49,252,461$395,784,049
92$511,322,600$87,525,335$50,750,078$434,953,518
93$563,320,365$91,656,937$52,293,065$478,073,015
94$620,616,952$95,986,037$53,882,793$525,543,644
95$683,752,686$100,522,158$55,520,671$577,807,346
96$753,322,998$105,275,281$57,208,152$635,351,060
97$829,984,049$110,255,875$58,946,730$698,711,315
98$914,458,923$115,474,915$60,737,947$768,479,275
99$1,007,544,455$120,943,907$62,583,390$845,306,318
100$1,110,118,749$126,674,917$64,484,692$929,910,165