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%12.6%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,419,765
2 years$735,853$722,148$708,867$695,989$683,498$667,810
3 years$485,696$471,932$458,684$445,927$433,639$418,331
4 years$360,642$346,920$333,804$321,265$309,275$294,465
5 years$285,629$271,990$259,046$246,762$235,106$220,837
6 years$235,636$222,100$209,347$197,338$186,031$172,321
7 years$199,942$186,519$173,969$162,242$151,293$138,147
8 years$173,183$159,881$147,539$136,101$125,512$112,930
9 years$152,381$139,205$127,076$115,928$105,700$93,675
10 years$135,750$122,703$110,787$99,931$90,061$78,588
11 years$122,151$109,235$97,535$86,970$77,456$66,524
12 years$110,827$98,044$86,560$76,284$67,122$56,720
13 years$101,253$88,603$77,336$67,348$58,531$48,647
14 years$93,053$80,537$69,487$59,784$51,308$41,927
15 years$85,953$73,572$62,737$53,317$45,176$36,284
16 years$79,747$67,501$56,880$47,739$39,926$31,509
17 years$74,276$62,166$51,759$42,893$35,402$27,442
18 years$69,419$57,444$47,249$38,655$31,477$23,960
19 years$65,078$53,239$43,254$34,929$28,057$20,965
20 years$61,176$49,472$39,697$31,634$25,061$18,378
21 years$57,651$46,081$36,513$28,710$22,426$16,136
22 years$54,450$43,015$33,653$26,104$20,102$14,187
23 years$51,531$40,231$31,072$23,774$18,045$12,489
24 years$48,860$37,694$28,737$21,683$16,219$11,005
25 years$46,407$35,374$26,616$19,802$14,595$9,707
26 years$44,146$33,246$24,685$18,106$13,146$8,569
27 years$42,055$31,288$22,922$16,573$11,853$7,569
28 years$40,118$29,483$21,309$15,184$10,695$6,690
29 years$38,318$27,814$19,830$13,924$9,657$5,917
30 years$36,640$26,267$18,471$12,779$8,726$5,236
31 years$35,074$24,831$17,220$11,737$7,889$4,635
32 years$33,609$23,495$16,066$10,786$7,136$4,104
33 years$32,235$22,250$15,001$9,919$6,458$3,635
34 years$30,945$21,088$14,016$9,126$5,847$3,221
35 years$29,732$20,002$13,104$8,401$5,296$2,855
36 years$28,588$18,985$12,259$7,737$4,798$2,531
37 years$27,509$18,031$11,474$7,129$4,349$2,244
38 years$26,489$17,136$10,745$6,571$3,943$1,990
39 years$25,524$16,295$10,067$6,059$3,575$1,765
40 years$24,609$15,503$9,436$5,588$3,243$1,566
41 years$23,741$14,757$8,848$5,156$2,942$1,390
42 years$22,917$14,054$8,299$4,758$2,670$1,233
43 years$22,133$13,391$7,788$4,392$2,423$1,094
44 years$21,387$12,764$7,310$4,056$2,199$971
45 years$20,676$12,172$6,864$3,745$1,997$862
46 years$19,997$11,612$6,447$3,460$1,813$765
47 years$19,350$11,081$6,057$3,196$1,646$679
48 years$18,732$10,578$5,692$2,954$1,495$603
49 years$18,140$10,102$5,350$2,730$1,358$535
50 years$17,574$9,650$5,030$2,523$1,233$475

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 $4,519 every year, while hoping to spend $49,353 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: 44/34/22 Blend
57$18,000,000$18,000,000$18,000,000$18,000,000
58$19,840,661$18,886,661$18,607,661$20,586,959
59$21,811,898$19,759,597$19,178,507$21,987,846
60$23,982,546$20,673,651$19,766,821$23,500,236
61$26,372,894$21,630,789$20,373,138$25,138,617
62$29,005,298$22,633,066$20,998,007$26,914,686
63$31,904,391$23,682,639$21,641,993$28,841,288
64$35,097,320$24,781,769$22,305,681$30,932,522
65$38,613,995$25,932,825$22,989,670$33,203,875
66$42,487,379$27,138,290$23,694,581$35,672,356
67$46,753,794$28,400,768$24,421,051$38,356,649
68$51,453,262$29,722,987$25,169,737$41,277,285
69$56,629,890$31,107,808$25,941,318$44,456,823
70$62,332,278$32,558,230$26,736,492$47,920,059
71$68,613,982$34,077,396$27,555,977$51,694,244
72$75,534,021$35,668,601$28,400,515$55,809,340
73$83,157,429$37,335,300$29,270,869$60,298,286
74$91,555,870$39,081,113$30,167,827$65,197,301
75$100,808,319$40,909,837$31,092,199$70,546,217
76$111,001,801$42,825,453$32,044,821$76,388,841
77$122,232,215$44,832,130$33,026,553$82,773,355
78$134,605,241$46,934,244$34,038,282$89,752,764
79$148,237,333$49,136,380$35,080,923$97,385,377
80$163,256,823$51,443,345$36,155,416$105,735,349
81$179,805,129$53,860,179$37,262,732$114,873,269
82$198,038,089$56,392,165$38,403,871$124,876,811
83$218,127,436$59,044,842$39,579,862$135,831,455
84$240,262,414$61,824,019$40,791,767$147,831,275
85$264,651,568$64,735,784$42,040,679$160,979,811
86$291,524,711$67,786,520$43,327,725$175,391,027
87$321,135,093$70,982,922$44,654,065$191,190,371
88$353,761,792$74,332,005$46,020,896$208,515,937
89$389,712,349$77,841,127$47,429,450$227,519,749
90$429,325,668$81,518,001$48,880,996$248,369,177
91$472,975,220$85,370,717$50,376,843$271,248,489
92$521,072,563$89,407,753$51,918,338$296,360,576
93$574,071,232$93,638,001$53,506,870$323,928,832
94$632,471,018$98,070,782$55,143,870$354,199,248
95$696,822,684$102,715,873$56,830,812$387,442,699
96$767,733,168$107,583,521$58,569,214$423,957,479
97$845,871,310$112,684,473$60,360,642$464,072,083
98$931,974,168$118,029,996$62,206,708$508,148,281
99$1,026,853,972$123,631,905$64,109,072$556,584,500
100$1,131,405,798$129,502,589$66,069,446$609,819,552