Can I retire at age 58 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,388,361
2 years$731,765$718,137$704,928$692,122$679,701$640,684
3 years$482,997$469,310$456,135$443,449$431,230$393,427
4 years$358,638$344,993$331,950$319,480$307,557$271,259
5 years$284,042$270,478$257,607$245,392$233,800$199,107
6 years$234,327$220,866$208,184$196,242$184,998$151,942
7 years$198,831$185,483$173,002$161,341$150,453$119,036
8 years$172,221$158,993$146,720$135,345$124,815$95,020
9 years$151,535$138,432$126,370$115,284$105,112$76,912
10 years$134,996$122,021$110,172$99,376$89,561$62,919
11 years$121,473$108,628$96,994$86,487$77,025$51,900
12 years$110,211$97,499$86,079$75,860$66,749$43,092
13 years$100,690$88,110$76,906$66,973$58,206$35,969
14 years$92,536$80,090$69,101$59,452$51,023$30,153
15 years$85,476$73,164$62,388$53,020$44,925$25,366
16 years$79,304$67,126$56,564$47,474$39,705$21,401
17 years$73,864$61,821$51,471$42,655$35,205$18,099
18 years$69,033$57,125$46,987$38,441$31,303$15,338
19 years$64,717$52,943$43,014$34,734$27,901$13,020
20 years$60,836$49,197$39,476$31,459$24,921$11,068
21 years$57,330$45,825$36,310$28,551$22,302$9,419
22 years$54,147$42,776$33,466$25,959$19,990$8,025
23 years$51,245$40,008$30,900$23,642$17,945$6,843
24 years$48,589$37,485$28,577$21,562$16,129$5,839
25 years$46,149$35,177$26,468$19,692$14,514$4,985
26 years$43,900$33,061$24,548$18,005$13,073$4,259
27 years$41,822$31,114$22,795$16,481$11,787$3,640
28 years$39,895$29,319$21,191$15,100$10,635$3,112
29 years$38,105$27,659$19,720$13,847$9,603$2,661
30 years$36,437$26,121$18,368$12,708$8,677$2,277
31 years$34,879$24,693$17,124$11,671$7,845$1,948
32 years$33,422$23,365$15,977$10,726$7,096$1,667
33 years$32,056$22,127$14,918$9,864$6,422$1,427
34 years$30,773$20,971$13,938$9,075$5,815$1,222
35 years$29,567$19,891$13,031$8,354$5,267$1,046
36 years$28,429$18,879$12,191$7,694$4,772$896
37 years$27,356$17,931$11,410$7,089$4,325$767
38 years$26,342$17,041$10,685$6,534$3,921$657
39 years$25,382$16,204$10,011$6,025$3,556$563
40 years$24,472$15,417$9,383$5,557$3,225$482
41 years$23,609$14,675$8,798$5,127$2,926$413
42 years$22,789$13,976$8,253$4,732$2,655$354
43 years$22,010$13,317$7,745$4,368$2,409$303
44 years$21,268$12,694$7,270$4,033$2,187$260
45 years$20,561$12,104$6,826$3,725$1,985$223
46 years$19,886$11,547$6,411$3,441$1,803$191
47 years$19,243$11,020$6,023$3,179$1,637$163
48 years$18,628$10,520$5,660$2,937$1,487$140
49 years$18,039$10,046$5,320$2,714$1,350$120
50 years$17,477$9,596$5,002$2,509$1,226$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,900,000, adding $3,576 every year, while hoping to spend $33,851 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: 64/22/14 Blend
57$17,900,000$17,900,000$17,900,000$17,900,000
58$19,729,489$18,780,789$18,503,339$20,925,994
59$21,705,879$19,665,030$19,087,183$22,611,651
60$23,882,727$20,591,465$19,689,452$24,447,975
61$26,280,443$21,562,125$20,310,727$26,453,032
62$28,921,519$22,579,140$20,951,607$28,643,263
63$31,830,740$23,644,743$21,612,711$31,036,754
64$35,035,417$24,761,277$22,294,679$33,653,400
65$38,565,646$25,931,196$22,998,167$36,515,088
66$42,454,591$27,157,074$23,723,855$39,645,902
67$46,738,800$28,441,611$24,472,445$43,072,341
68$51,458,544$29,787,636$25,244,658$46,823,567
69$56,658,202$31,198,117$26,041,240$50,931,671
70$62,386,677$32,676,164$26,862,961$55,431,974
71$68,697,862$34,225,039$27,710,613$60,363,351
72$75,651,141$35,848,163$28,585,016$65,768,595
73$83,311,957$37,549,123$29,487,014$71,694,809
74$91,752,425$39,331,678$30,417,477$78,193,851
75$101,052,014$41,199,771$31,377,304$85,322,806
76$111,298,297$43,157,538$32,367,421$93,144,529
77$122,587,779$45,209,313$33,388,786$101,728,220
78$135,026,805$47,359,643$34,442,383$111,150,075
79$148,732,567$49,613,293$35,529,231$121,493,993
80$163,834,207$51,975,262$36,650,378$132,852,362
81$180,474,039$54,450,792$37,806,908$145,326,919
82$198,808,888$57,045,379$38,999,937$159,029,701
83$219,011,577$59,764,784$40,230,617$174,084,092
84$241,272,551$62,615,053$41,500,136$190,625,977
85$265,801,682$65,602,520$42,809,721$208,805,013
86$292,830,243$68,733,833$44,160,636$228,786,029
87$322,613,096$72,015,959$45,554,185$250,750,573
88$355,431,096$75,456,206$46,991,715$274,898,607
89$391,593,743$79,062,235$48,474,613$301,450,384
90$431,442,104$82,842,084$50,004,312$330,648,514
91$475,352,030$86,804,177$51,582,288$362,760,235
92$523,737,708$90,957,353$53,210,065$398,079,926
93$577,055,567$95,310,877$54,889,216$436,931,864
94$635,808,592$99,874,466$56,621,361$479,673,269
95$700,551,066$104,658,313$58,408,174$526,697,663
96$771,893,807$109,673,103$60,251,381$578,438,558
97$850,509,934$114,930,043$62,152,760$635,373,535
98$937,141,219$120,440,886$64,114,149$698,028,731
99$1,032,605,091$126,217,958$66,137,441$766,983,782
100$1,137,802,357$132,274,184$68,224,591$842,877,271