Can I retire at age 58 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,390,170
2 years$727,677$714,125$700,990$688,256$675,903$646,591
3 years$480,299$466,688$453,587$440,972$428,821$400,337
4 years$356,634$343,065$330,095$317,696$305,839$278,403
5 years$282,455$268,967$256,167$244,021$232,494$206,184
6 years$233,018$219,632$207,021$195,145$183,964$158,809
7 years$197,720$184,447$172,036$160,440$149,612$125,616
8 years$171,259$158,105$145,900$134,589$124,118$101,274
9 years$150,688$137,659$125,664$114,640$104,525$82,818
10 years$134,242$121,339$109,556$98,821$89,061$68,469
11 years$120,794$108,021$96,452$86,004$76,595$57,093
12 years$109,596$96,954$85,598$75,437$66,376$47,934
13 years$100,128$87,618$76,477$66,599$57,881$40,468
14 years$92,019$79,643$68,715$59,119$50,738$34,321
15 years$84,998$72,755$62,040$52,724$44,674$29,217
16 years$78,861$66,751$56,248$47,209$39,483$24,950
17 years$73,451$61,475$51,184$42,417$35,008$21,363
18 years$68,648$56,806$46,724$38,226$31,128$18,331
19 years$64,355$52,647$42,774$34,540$27,745$15,759
20 years$60,497$48,922$39,256$31,283$24,782$13,570
21 years$57,010$45,569$36,108$28,391$22,177$11,701
22 years$53,845$42,537$33,279$25,814$19,879$10,101
23 years$50,959$39,784$30,727$23,510$17,844$8,728
24 years$48,317$37,275$28,417$21,442$16,039$7,548
25 years$45,891$34,981$26,320$19,582$14,433$6,533
26 years$43,655$32,876$24,411$17,905$13,000$5,658
27 years$41,588$30,941$22,667$16,389$11,721$4,902
28 years$39,672$29,155$21,072$15,016$10,576$4,250
29 years$37,892$27,505$19,610$13,770$9,550$3,686
30 years$36,233$25,975$18,266$12,637$8,629$3,198
31 years$34,684$24,555$17,028$11,606$7,801$2,775
32 years$33,235$23,234$15,888$10,666$7,057$2,409
33 years$31,877$22,003$14,835$9,809$6,386$2,092
34 years$30,602$20,854$13,861$9,025$5,782$1,816
35 years$29,401$19,780$12,959$8,308$5,237$1,578
36 years$28,271$18,774$12,122$7,651$4,745$1,371
37 years$27,203$17,831$11,346$7,050$4,301$1,191
38 years$26,195$16,946$10,625$6,498$3,899$1,035
39 years$25,240$16,114$9,955$5,991$3,536$899
40 years$24,335$15,331$9,331$5,526$3,207$781
41 years$23,477$14,593$8,749$5,099$2,909$679
42 years$22,662$13,898$8,207$4,705$2,640$590
43 years$21,887$13,242$7,701$4,344$2,396$513
44 years$21,149$12,623$7,229$4,011$2,175$446
45 years$20,446$12,037$6,788$3,704$1,974$388
46 years$19,775$11,483$6,375$3,421$1,793$337
47 years$19,135$10,958$5,989$3,161$1,628$293
48 years$18,524$10,461$5,628$2,921$1,478$255
49 years$17,939$9,990$5,290$2,699$1,343$222
50 years$17,379$9,542$4,974$2,495$1,220$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,800,000, adding $4,777 every year, while hoping to spend $39,924 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: 54/36/10 Blend
57$17,800,000$17,800,000$17,800,000$17,800,000
58$19,620,527$18,677,127$18,401,227$20,630,406
59$21,579,342$19,549,828$18,975,190$22,188,549
60$23,736,618$20,463,953$19,567,042$23,878,781
61$26,112,556$21,421,489$20,177,340$25,717,437
62$28,729,416$22,424,521$20,806,661$27,718,612
63$31,611,727$23,475,233$21,455,594$29,897,788
64$34,786,519$24,575,916$22,124,752$32,271,977
65$38,283,578$25,728,969$22,814,765$34,859,877
66$42,135,724$26,936,910$23,526,281$37,682,037
67$46,379,127$28,202,377$24,259,970$40,761,046
68$51,053,642$29,528,138$25,016,523$44,121,737
69$56,203,188$30,917,092$25,796,652$47,791,414
70$61,876,164$32,372,280$26,601,091$51,800,103
71$68,125,901$33,896,890$27,430,595$56,180,823
72$75,011,170$35,494,264$28,285,947$60,969,890
73$82,596,734$37,167,908$29,167,951$66,207,249
74$90,953,960$38,921,494$30,077,436$71,936,844
75$100,161,492$40,758,875$31,015,259$78,207,017
76$110,305,994$42,684,091$31,982,300$85,070,957
77$121,482,969$44,701,374$32,979,470$92,587,188
78$133,797,657$46,815,167$34,007,708$100,820,111
79$147,366,030$49,030,123$35,067,979$109,840,597
80$162,315,890$51,351,123$36,161,280$119,726,644
81$178,788,069$53,783,286$37,288,641$130,564,099
82$196,937,763$56,331,978$38,451,122$142,447,450
83$216,935,995$59,002,825$39,649,814$155,480,709
84$238,971,230$61,801,727$40,885,847$169,778,372
85$263,251,153$64,734,870$42,160,380$185,466,485
86$290,004,632$67,808,739$43,474,614$202,683,815
87$319,483,874$71,030,137$44,829,783$221,583,143
88$351,966,810$74,406,195$46,227,162$242,332,685
89$387,759,716$77,944,390$47,668,063$265,117,659
90$427,200,106$81,652,564$49,153,842$290,142,014
91$470,659,916$85,538,938$50,685,895$317,630,332
92$518,549,016$89,612,136$52,265,662$347,829,924
93$571,319,082$93,881,196$53,894,627$381,013,139
94$629,467,853$98,355,599$55,574,322$417,479,912
95$693,543,836$103,045,286$57,306,324$457,560,566
96$764,151,484$107,960,681$59,092,262$501,618,902
97$841,956,895$113,112,715$60,933,813$550,055,605
98$927,694,111$118,512,850$62,832,708$603,311,996
99$1,022,172,037$124,173,107$64,790,731$661,874,163
100$1,126,282,086$130,106,090$66,809,721$726,277,517