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

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,396,102
2 years$723,589$710,113$697,052$684,389$672,106$656,680
3 years$477,601$464,066$451,039$438,495$426,412$411,359
4 years$354,631$341,138$328,241$315,911$304,120$289,557
5 years$280,868$267,456$254,728$242,650$231,188$217,157
6 years$231,709$218,398$205,858$194,049$182,931$169,449
7 years$196,609$183,410$171,069$159,538$148,772$135,845
8 years$170,296$157,217$145,080$133,833$123,420$111,047
9 years$149,842$136,885$124,958$113,996$103,938$92,114
10 years$133,487$120,658$108,941$98,265$88,560$77,278
11 years$120,115$107,415$95,910$85,520$76,165$65,415
12 years$108,980$96,409$85,118$75,013$66,003$55,774
13 years$99,565$87,126$76,047$66,225$57,556$47,836
14 years$91,502$79,195$68,328$58,787$50,453$41,228
15 years$84,521$72,346$61,691$52,428$44,423$35,679
16 years$78,418$66,376$55,932$46,944$39,261$30,983
17 years$73,038$61,130$50,896$42,178$34,812$26,985
18 years$68,262$56,487$46,462$38,011$30,953$23,561
19 years$63,994$52,351$42,533$34,346$27,589$20,615
20 years$60,157$48,648$39,035$31,107$24,643$18,071
21 years$56,690$45,313$35,905$28,232$22,053$15,867
22 years$53,542$42,298$33,092$25,669$19,767$13,950
23 years$50,673$39,561$30,554$23,377$17,744$12,280
24 years$48,046$37,066$28,258$21,322$15,949$10,822
25 years$45,633$34,784$26,172$19,472$14,351$9,545
26 years$43,410$32,692$24,273$17,804$12,927$8,426
27 years$41,355$30,767$22,540$16,297$11,655$7,443
28 years$39,449$28,991$20,954$14,931$10,517$6,579
29 years$37,679$27,350$19,499$13,692$9,496$5,818
30 years$36,030$25,829$18,163$12,566$8,580$5,148
31 years$34,490$24,417$16,933$11,541$7,757$4,557
32 years$33,049$23,104$15,799$10,606$7,017$4,036
33 years$31,698$21,879$14,751$9,753$6,351$3,575
34 years$30,430$20,737$13,783$8,974$5,750$3,168
35 years$29,236$19,669$12,886$8,261$5,208$2,808
36 years$28,112$18,668$12,054$7,608$4,718$2,489
37 years$27,050$17,731$11,283$7,010$4,277$2,207
38 years$26,047$16,850$10,566$6,461$3,877$1,957
39 years$25,098$16,023$9,899$5,958$3,516$1,736
40 years$24,199$15,245$9,278$5,495$3,189$1,540
41 years$23,345$14,511$8,700$5,070$2,893$1,366
42 years$22,535$13,820$8,161$4,679$2,625$1,212
43 years$21,764$13,168$7,658$4,319$2,383$1,076
44 years$21,030$12,552$7,188$3,988$2,163$955
45 years$20,331$11,969$6,750$3,683$1,963$848
46 years$19,664$11,418$6,339$3,402$1,783$752
47 years$19,028$10,896$5,956$3,143$1,619$668
48 years$18,419$10,402$5,597$2,904$1,470$593
49 years$17,838$9,933$5,261$2,684$1,335$526
50 years$17,281$9,489$4,946$2,481$1,213$467

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 $3,764 every year, while hoping to spend $54,244 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: 46/35/19 Blend
57$17,700,000$17,700,000$17,700,000$17,700,000
58$19,509,283$18,571,183$18,296,833$20,300,639
59$21,441,514$19,423,455$18,852,061$21,706,404
60$23,569,015$20,315,671$19,424,072$23,224,905
61$25,911,646$21,249,731$20,013,370$24,871,221
62$28,491,292$22,227,625$20,620,475$26,657,279
63$31,332,065$23,251,440$21,245,923$28,596,174
64$34,460,539$24,323,364$21,890,265$30,702,289
65$37,905,995$25,445,690$22,554,069$32,991,418
66$41,700,697$26,620,819$23,237,921$35,480,917
67$45,880,200$27,851,272$23,942,424$38,189,850
68$50,483,683$29,139,686$24,668,197$41,139,169
69$55,554,317$30,488,829$25,415,880$44,351,901
70$61,139,677$31,901,601$26,186,132$47,853,356
71$67,292,186$33,381,042$26,979,629$51,671,358
72$74,069,614$34,930,338$27,797,072$55,836,498
73$81,535,618$36,552,828$28,639,177$60,382,414
74$89,760,349$38,252,014$29,506,687$65,346,096
75$98,821,106$40,031,565$30,400,363$70,768,229
76$108,803,075$41,895,327$31,320,991$76,693,558
77$119,800,125$43,847,335$32,269,381$83,171,310
78$131,915,697$45,891,813$33,246,364$90,255,634
79$145,263,779$48,033,193$34,252,798$98,006,111
80$159,969,985$50,276,120$35,289,568$106,488,296
81$176,172,738$52,625,464$36,357,582$115,774,323
82$194,024,574$55,086,329$37,457,778$125,943,575
83$213,693,588$57,664,066$38,591,121$137,083,418
84$235,365,013$60,364,285$39,758,603$149,290,005
85$259,242,977$63,192,867$40,961,249$162,669,172
86$285,552,421$66,155,978$42,200,111$177,337,417
87$314,541,228$69,260,081$43,476,275$193,422,984
88$346,482,561$72,511,952$44,790,857$211,067,053
89$381,677,441$75,918,697$46,145,010$230,425,050
90$420,457,588$79,487,762$47,539,916$251,668,100
91$463,188,556$83,226,956$48,976,797$274,984,616
92$510,273,178$87,144,466$50,456,909$300,582,054
93$562,155,372$91,248,875$51,981,546$328,688,851
94$619,324,332$95,549,181$53,552,039$359,556,555
95$682,319,142$100,054,819$55,169,760$393,462,172
96$751,733,870$104,775,681$56,836,123$430,710,757
97$828,223,173$109,722,138$58,552,582$471,638,262
98$912,508,477$114,905,063$60,320,634$516,614,679
99$1,005,384,788$120,335,857$62,141,821$566,047,501
100$1,107,728,197$126,026,475$64,017,733$620,385,538