Can I retire at age 58 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,389,955
2 years$735,853$722,148$708,867$695,989$683,498$638,180
3 years$485,696$471,932$458,684$445,927$433,639$389,815
4 years$360,642$346,920$333,804$321,265$309,275$267,280
5 years$285,629$271,990$259,046$246,762$235,106$195,053
6 years$235,636$222,100$209,347$197,338$186,031$147,955
7 years$199,942$186,519$173,969$162,242$151,293$115,189
8 years$173,183$159,881$147,539$136,101$125,512$91,357
9 years$152,381$139,205$127,076$115,928$105,700$73,454
10 years$135,750$122,703$110,787$99,931$90,061$59,678
11 years$122,151$109,235$97,535$86,970$77,456$48,879
12 years$110,827$98,044$86,560$76,284$67,122$40,290
13 years$101,253$88,603$77,336$67,348$58,531$33,381
14 years$93,053$80,537$69,487$59,784$51,308$27,771
15 years$85,953$73,572$62,737$53,317$45,176$23,181
16 years$79,747$67,501$56,880$47,739$39,926$19,404
17 years$74,276$62,166$51,759$42,893$35,402$16,279
18 years$69,419$57,444$47,249$38,655$31,477$13,683
19 years$65,078$53,239$43,254$34,929$28,057$11,519
20 years$61,176$49,472$39,697$31,634$25,061$9,710
21 years$57,651$46,081$36,513$28,710$22,426$8,194
22 years$54,450$43,015$33,653$26,104$20,102$6,922
23 years$51,531$40,231$31,072$23,774$18,045$5,851
24 years$48,860$37,694$28,737$21,683$16,219$4,949
25 years$46,407$35,374$26,616$19,802$14,595$4,189
26 years$44,146$33,246$24,685$18,106$13,146$3,547
27 years$42,055$31,288$22,922$16,573$11,853$3,004
28 years$40,118$29,483$21,309$15,184$10,695$2,546
29 years$38,318$27,814$19,830$13,924$9,657$2,158
30 years$36,640$26,267$18,471$12,779$8,726$1,829
31 years$35,074$24,831$17,220$11,737$7,889$1,551
32 years$33,609$23,495$16,066$10,786$7,136$1,315
33 years$32,235$22,250$15,001$9,919$6,458$1,116
34 years$30,945$21,088$14,016$9,126$5,847$947
35 years$29,732$20,002$13,104$8,401$5,296$803
36 years$28,588$18,985$12,259$7,737$4,798$681
37 years$27,509$18,031$11,474$7,129$4,349$578
38 years$26,489$17,136$10,745$6,571$3,943$491
39 years$25,524$16,295$10,067$6,059$3,575$416
40 years$24,609$15,503$9,436$5,588$3,243$353
41 years$23,741$14,757$8,848$5,156$2,942$300
42 years$22,917$14,054$8,299$4,758$2,670$255
43 years$22,133$13,391$7,788$4,392$2,423$216
44 years$21,387$12,764$7,310$4,056$2,199$183
45 years$20,676$12,172$6,864$3,745$1,997$156
46 years$19,997$11,612$6,447$3,460$1,813$132
47 years$19,350$11,081$6,057$3,196$1,646$112
48 years$18,732$10,578$5,692$2,954$1,495$95
49 years$18,140$10,102$5,350$2,730$1,358$81
50 years$17,574$9,650$5,030$2,523$1,233$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,000,000, adding $6,918 every year, while hoping to spend $48,618 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: 49/40/11 Blend
57$18,000,000$18,000,000$18,000,000$18,000,000
58$19,843,136$18,889,136$18,610,136$20,755,948
59$21,815,407$19,762,974$19,181,846$22,256,905
60$23,987,219$20,678,002$19,771,080$23,880,693
61$26,378,876$21,636,184$20,378,371$25,643,356
62$29,012,749$22,639,584$21,004,273$27,557,904
63$31,913,487$23,690,362$21,649,355$29,638,618
64$35,108,257$24,790,784$22,314,202$31,901,185
65$38,626,990$25,943,223$22,999,419$34,362,832
66$42,502,671$27,150,169$23,705,628$37,042,487
67$46,771,647$28,414,231$24,433,470$39,960,942
68$51,473,971$29,738,144$25,183,607$43,141,048
69$56,653,777$31,124,774$25,956,719$46,607,919
70$62,359,702$32,577,127$26,753,508$50,389,158
71$68,645,338$34,098,354$27,574,698$54,515,107
72$75,569,746$35,691,756$28,421,033$59,019,130
73$83,198,005$37,360,797$29,293,282$63,937,906
74$91,601,830$39,109,105$30,192,236$69,311,776
75$100,860,251$40,940,485$31,118,711$75,185,102
76$111,060,355$42,858,927$32,073,546$81,606,678
77$122,298,108$44,868,612$33,057,607$88,630,179
78$134,679,265$46,973,923$34,071,786$96,314,651
79$148,320,362$49,179,458$35,117,003$104,725,053
80$163,349,821$51,490,033$36,194,205$113,932,862
81$179,909,160$53,910,702$37,304,367$124,016,724
82$198,154,327$56,446,759$38,448,497$135,063,186
83$218,257,176$59,103,758$39,627,629$147,167,492
84$240,407,086$61,887,520$40,842,832$160,434,468
85$264,812,748$64,804,148$42,095,207$174,979,490
86$291,704,138$67,860,041$43,385,886$190,929,554
87$321,334,686$71,061,908$44,716,038$208,424,455
88$353,983,666$74,416,784$46,086,868$227,618,084
89$389,958,836$77,932,043$47,499,614$248,679,861
90$429,599,343$81,615,418$48,955,557$271,796,307
91$473,278,919$85,475,017$50,456,011$297,172,784
92$521,409,416$89,519,340$52,002,334$325,035,403
93$574,444,689$93,757,300$53,595,925$355,633,138
94$632,884,883$98,198,243$55,238,224$389,240,141
95$697,281,151$102,851,968$56,930,715$426,158,305
96$768,240,863$107,728,748$58,674,928$466,720,082
97$846,433,331$112,839,357$60,472,439$511,291,589
98$932,596,136$118,195,091$62,324,871$560,276,028
99$1,027,542,085$123,807,794$64,233,897$614,117,460
100$1,132,166,888$129,689,885$66,201,242$673,304,957