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%18.3%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,379,473
2 years$731,765$718,137$704,928$692,122$679,701$631,916
3 years$482,997$469,310$456,135$443,449$431,230$385,060
4 years$358,638$344,993$331,950$319,480$307,557$263,354
5 years$284,042$270,478$257,607$245,392$233,800$191,682
6 years$234,327$220,866$208,184$196,242$184,998$144,999
7 years$198,831$185,483$173,002$161,341$150,453$112,567
8 years$172,221$158,993$146,720$135,345$124,815$89,014
9 years$151,535$138,432$126,370$115,284$105,112$71,352
10 years$134,996$122,021$110,172$99,376$89,561$57,788
11 years$121,473$108,628$96,994$86,487$77,025$47,178
12 years$110,211$97,499$86,079$75,860$66,749$38,760
13 years$100,690$88,110$76,906$66,973$58,206$32,004
14 years$92,536$80,090$69,101$59,452$51,023$26,533
15 years$85,476$73,164$62,388$53,020$44,925$22,069
16 years$79,304$67,126$56,564$47,474$39,705$18,407
17 years$73,864$61,821$51,471$42,655$35,205$15,386
18 years$69,033$57,125$46,987$38,441$31,303$12,884
19 years$64,717$52,943$43,014$34,734$27,901$10,806
20 years$60,836$49,197$39,476$31,459$24,921$9,074
21 years$57,330$45,825$36,310$28,551$22,302$7,628
22 years$54,147$42,776$33,466$25,959$19,990$6,418
23 years$51,245$40,008$30,900$23,642$17,945$5,404
24 years$48,589$37,485$28,577$21,562$16,129$4,553
25 years$46,149$35,177$26,468$19,692$14,514$3,838
26 years$43,900$33,061$24,548$18,005$13,073$3,237
27 years$41,822$31,114$22,795$16,481$11,787$2,731
28 years$39,895$29,319$21,191$15,100$10,635$2,304
29 years$38,105$27,659$19,720$13,847$9,603$1,945
30 years$36,437$26,121$18,368$12,708$8,677$1,642
31 years$34,879$24,693$17,124$11,671$7,845$1,387
32 years$33,422$23,365$15,977$10,726$7,096$1,171
33 years$32,056$22,127$14,918$9,864$6,422$989
34 years$30,773$20,971$13,938$9,075$5,815$836
35 years$29,567$19,891$13,031$8,354$5,267$706
36 years$28,429$18,879$12,191$7,694$4,772$597
37 years$27,356$17,931$11,410$7,089$4,325$504
38 years$26,342$17,041$10,685$6,534$3,921$426
39 years$25,382$16,204$10,011$6,025$3,556$360
40 years$24,472$15,417$9,383$5,557$3,225$304
41 years$23,609$14,675$8,798$5,127$2,926$257
42 years$22,789$13,976$8,253$4,732$2,655$217
43 years$22,010$13,317$7,745$4,368$2,409$184
44 years$21,268$12,694$7,270$4,033$2,187$155
45 years$20,561$12,104$6,826$3,725$1,985$131
46 years$19,886$11,547$6,411$3,441$1,803$111
47 years$19,243$11,020$6,023$3,179$1,637$94
48 years$18,628$10,520$5,660$2,937$1,487$79
49 years$18,039$10,046$5,320$2,714$1,350$67
50 years$17,477$9,596$5,002$2,509$1,226$57

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 $6,943 every year, while hoping to spend $59,875 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: 65/29/6 Blend
57$17,900,000$17,900,000$17,900,000$17,900,000
58$19,732,962$18,784,262$18,506,812$20,996,097
59$21,682,017$19,640,984$19,063,083$22,693,172
60$23,827,870$20,537,679$19,635,983$24,538,720
61$26,190,529$21,476,242$20,226,006$26,553,372
62$28,792,045$22,458,659$20,833,658$28,753,555
63$31,656,712$23,487,013$21,459,465$31,157,340
64$34,811,304$24,563,484$22,103,964$33,784,600
65$38,285,321$25,690,358$22,767,711$36,657,198
66$42,111,271$26,870,033$23,451,276$39,799,181
67$46,324,974$28,105,018$24,155,247$43,237,011
68$50,965,903$29,397,945$24,880,230$46,999,798
69$56,077,554$30,751,573$25,626,846$51,119,577
70$61,707,857$32,168,793$26,395,738$55,631,600
71$67,909,628$33,652,633$27,187,565$60,574,662
72$74,741,068$35,206,270$28,003,006$65,991,460
73$82,266,311$36,833,032$28,842,762$71,928,991
74$90,556,032$38,536,408$29,707,551$78,438,983
75$99,688,109$40,320,053$30,598,115$85,578,379
76$109,748,361$42,187,801$31,515,218$93,409,867
77$120,831,359$44,143,669$32,459,643$102,002,458
78$133,041,316$46,191,867$33,432,199$111,432,130
79$146,493,071$48,336,809$34,433,719$121,782,538
80$161,313,174$50,583,122$35,465,058$133,145,790
81$177,641,078$52,935,655$36,527,098$145,623,306
82$195,630,458$55,399,493$37,620,745$159,326,768
83$215,450,660$57,979,963$38,746,935$174,379,156
84$237,288,298$60,682,651$39,906,628$190,915,902
85$261,349,017$63,513,414$41,100,813$209,086,153
86$287,859,435$66,478,390$42,330,509$229,054,165
87$317,069,280$69,584,014$43,596,763$251,000,841
88$349,253,747$72,837,030$44,900,655$275,125,424
89$384,716,096$76,244,512$46,243,294$301,647,359
90$423,790,517$79,813,872$47,625,823$330,808,352
91$466,845,280$83,552,882$49,049,418$362,874,633
92$514,286,214$87,469,689$50,515,290$398,139,452
93$566,560,540$91,572,836$52,024,684$436,925,828
94$624,161,087$95,871,277$53,578,883$479,589,580
95$687,630,948$100,374,399$55,179,205$526,522,662
96$757,568,605$105,092,045$56,827,009$578,156,847
97$834,633,582$110,034,534$58,523,693$634,967,778
98$919,552,665$115,212,684$60,270,694$697,479,432
99$1,013,126,767$120,637,837$62,069,494$766,269,046
100$1,116,238,490$126,321,883$63,921,614$841,972,539