Can I retire at age 58 with 18,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,416,496
2 years$739,941$726,160$712,805$699,855$687,295$660,371
3 years$488,394$474,554$461,232$448,404$436,048$409,863
4 years$362,645$348,847$335,659$323,050$310,993$285,748
5 years$287,216$273,501$260,485$248,133$236,412$212,179
6 years$236,946$223,334$210,510$198,434$187,065$163,871
7 years$201,052$187,555$174,935$163,144$152,134$129,986
8 years$174,145$160,770$148,359$136,857$126,210$105,101
9 years$153,228$139,979$127,782$116,572$106,287$86,205
10 years$136,504$123,384$111,403$100,486$90,562$71,489
11 years$122,830$109,842$98,077$87,453$77,886$59,800
12 years$111,443$98,588$87,041$76,708$67,494$50,370
13 years$101,815$89,095$77,765$67,722$58,856$42,666
14 years$93,570$80,985$69,873$60,116$51,593$36,308
15 years$86,431$73,981$63,086$53,613$45,427$31,016
16 years$80,190$67,876$57,196$48,004$40,148$26,579
17 years$74,689$62,512$52,046$43,132$35,598$22,839
18 years$69,805$57,763$47,512$38,870$31,652$19,670
19 years$65,440$53,535$43,495$35,123$28,212$16,973
20 years$61,516$49,747$39,917$31,810$25,200$14,670
21 years$57,971$46,337$36,716$28,870$22,551$12,698
22 years$54,752$43,254$33,840$26,249$20,214$11,003
23 years$51,818$40,455$31,245$23,906$18,145$9,545
24 years$49,132$37,903$28,896$21,803$16,309$8,288
25 years$46,665$35,571$26,764$19,912$14,676$7,201
26 years$44,391$33,431$24,822$18,207$13,219$6,262
27 years$42,289$31,462$23,049$16,665$11,918$5,448
28 years$40,341$29,647$21,427$15,269$10,754$4,742
29 years$38,530$27,968$19,940$14,002$9,711$4,129
30 years$36,844$26,413$18,573$12,850$8,774$3,597
31 years$35,269$24,969$17,315$11,802$7,933$3,135
32 years$33,796$23,626$16,156$10,846$7,176$2,732
33 years$32,414$22,374$15,085$9,974$6,494$2,382
34 years$31,117$21,205$14,094$9,177$5,880$2,078
35 years$29,897$20,113$13,177$8,448$5,325$1,812
36 years$28,747$19,090$12,327$7,780$4,825$1,581
37 years$27,662$18,131$11,538$7,168$4,373$1,379
38 years$26,636$17,231$10,805$6,607$3,965$1,204
39 years$25,665$16,385$10,123$6,092$3,595$1,050
40 years$24,746$15,589$9,488$5,619$3,261$917
41 years$23,873$14,839$8,897$5,184$2,959$800
42 years$23,044$14,133$8,345$4,785$2,685$699
43 years$22,256$13,465$7,831$4,417$2,436$610
44 years$21,505$12,835$7,351$4,078$2,212$532
45 years$20,790$12,240$6,902$3,766$2,008$465
46 years$20,109$11,676$6,483$3,479$1,823$406
47 years$19,458$11,143$6,090$3,214$1,655$354
48 years$18,836$10,637$5,723$2,970$1,503$309
49 years$18,241$10,158$5,379$2,745$1,365$270
50 years$17,672$9,703$5,058$2,537$1,240$236

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,100,000, adding $6,987 every year, while hoping to spend $47,340 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: 35/40/25 Blend
57$18,100,000$18,100,000$18,100,000$18,100,000
58$19,953,407$18,994,107$18,713,557$20,500,613
59$21,938,285$19,874,449$19,290,092$21,788,200
60$24,124,034$20,796,341$19,884,354$23,171,713
61$26,531,093$21,761,769$20,496,887$24,663,577
62$29,181,984$22,772,815$21,128,252$26,273,496
63$32,101,524$23,831,661$21,779,026$28,012,109
64$35,317,061$24,940,594$22,449,805$29,891,077
65$38,858,730$26,102,012$23,141,203$31,923,188
66$42,759,738$27,318,428$23,853,851$34,122,467
67$47,056,678$28,592,477$24,588,401$36,504,303
68$51,789,872$29,926,922$25,345,525$39,085,580
69$57,003,755$31,324,656$26,125,916$41,884,831
70$62,747,290$32,788,716$26,930,286$44,922,399
71$69,074,433$34,322,283$27,759,371$48,220,620
72$76,044,644$35,928,694$28,613,928$51,804,022
73$83,723,441$37,611,443$29,494,738$55,699,547
74$92,183,026$39,374,198$30,402,606$59,936,787
75$101,502,963$41,220,802$31,338,361$64,548,258
76$111,770,927$43,155,283$32,302,858$69,569,688
77$123,083,535$45,181,865$33,296,978$75,040,342
78$135,547,256$47,304,977$34,321,627$81,003,377
79$149,279,417$49,529,262$35,377,742$87,506,237
80$164,409,308$51,859,586$36,466,287$94,601,081
81$181,079,404$54,301,053$37,588,255$102,345,259
82$199,446,711$56,859,013$38,744,669$110,801,837
83$219,684,246$59,539,074$39,936,586$120,040,176
84$241,982,669$62,347,119$41,165,092$130,136,561
85$266,552,087$65,289,313$42,431,307$141,174,908
86$293,624,031$68,372,121$43,736,387$153,247,529
87$323,453,648$71,602,320$45,081,522$166,455,987
88$356,322,104$74,987,019$46,467,938$180,912,026
89$392,539,243$78,533,667$47,896,898$196,738,606
90$432,446,508$82,250,078$49,369,706$214,071,037
91$476,420,163$86,144,444$50,887,702$233,058,228
92$524,874,851$90,225,353$52,452,272$253,864,069
93$578,267,502$94,501,811$54,064,839$276,668,944
94$637,101,648$98,983,261$55,726,872$301,671,409
95$701,932,180$103,679,604$57,439,886$329,090,030
96$773,370,580$108,601,223$59,205,440$359,165,415
97$852,090,698$113,759,002$61,025,141$392,162,453
98$938,835,113$119,164,356$62,900,647$428,372,772
99$1,034,422,140$124,829,255$64,833,664$468,117,462
100$1,139,753,557$130,766,247$66,825,950$511,750,058