Can I retire at age 58 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,434,348
2 years$744,029$730,172$716,743$703,722$691,092$674,036
3 years$491,092$477,176$463,780$450,882$438,457$421,819
4 years$364,649$350,775$337,513$324,835$312,711$296,620
5 years$288,802$275,012$261,924$249,504$237,718$222,221
6 years$238,255$224,568$211,674$199,531$188,098$173,214
7 years$202,163$188,592$175,902$164,045$152,974$138,709
8 years$175,107$161,658$149,179$137,613$126,907$113,259
9 years$154,074$140,752$128,487$117,216$106,874$93,838
10 years$137,258$124,066$112,018$101,041$91,062$78,629
11 years$123,508$110,449$98,619$87,936$78,316$66,476
12 years$112,059$99,133$87,522$77,132$67,867$56,607
13 years$102,378$89,587$78,195$68,096$59,182$48,487
14 years$94,087$81,432$70,259$60,448$51,878$41,734
15 years$86,908$74,390$63,434$53,909$45,678$36,068
16 years$80,633$68,251$57,512$48,270$40,370$31,278
17 years$75,102$62,857$52,334$43,370$35,795$27,203
18 years$70,190$58,083$47,774$39,085$31,827$23,717
19 years$65,801$53,830$43,735$35,317$28,368$20,722
20 years$61,856$50,022$40,138$31,986$25,339$18,138
21 years$58,291$46,593$36,919$29,029$22,676$15,902
22 years$55,055$43,493$34,027$26,394$20,325$13,960
23 years$52,104$40,678$31,417$24,038$18,245$12,270
24 years$49,403$38,113$29,056$21,924$16,399$10,796
25 years$46,922$35,767$26,912$20,022$14,757$9,507
26 years$44,636$33,615$24,959$18,307$13,292$8,379
27 years$42,523$31,636$23,177$16,757$11,984$7,390
28 years$40,564$29,810$21,546$15,353$10,814$6,522
29 years$38,743$28,123$20,050$14,079$9,764$5,759
30 years$37,047$26,559$18,676$12,921$8,823$5,087
31 years$35,464$25,107$17,411$11,867$7,977$4,496
32 years$33,982$23,756$16,245$10,906$7,215$3,974
33 years$32,594$22,498$15,168$10,029$6,530$3,515
34 years$31,289$21,323$14,172$9,228$5,912$3,109
35 years$30,062$20,224$13,250$8,494$5,355$2,751
36 years$28,906$19,196$12,395$7,823$4,852$2,435
37 years$27,815$18,231$11,601$7,208$4,397$2,155
38 years$26,783$17,326$10,864$6,644$3,987$1,908
39 years$25,807$16,476$10,179$6,126$3,615$1,690
40 years$24,882$15,675$9,540$5,650$3,279$1,496
41 years$24,005$14,921$8,946$5,213$2,975$1,325
42 years$23,171$14,211$8,392$4,811$2,699$1,174
43 years$22,379$13,540$7,874$4,441$2,450$1,040
44 years$21,624$12,906$7,391$4,101$2,224$921
45 years$20,905$12,307$6,940$3,787$2,019$816
46 years$20,220$11,741$6,518$3,498$1,833$723
47 years$19,565$11,204$6,124$3,232$1,664$641
48 years$18,940$10,696$5,755$2,986$1,511$568
49 years$18,342$10,214$5,409$2,760$1,373$503
50 years$17,770$9,757$5,085$2,551$1,247$446

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,200,000, adding $2,191 every year, while hoping to spend $37,139 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: 40/31/29 Blend
57$18,200,000$18,200,000$18,200,000$18,200,000
58$20,058,660$19,094,060$18,811,960$20,689,133
59$22,065,128$19,990,153$19,402,645$22,044,766
60$24,275,010$20,928,911$20,011,873$23,506,834
61$26,709,017$21,912,383$20,640,227$25,087,971
62$29,389,968$22,942,721$21,288,306$26,799,115
63$32,343,010$24,022,179$21,956,729$28,652,272
64$35,595,853$25,153,122$22,646,136$30,660,614
65$39,179,033$26,338,028$23,357,184$32,838,607
66$43,126,197$27,579,494$24,090,552$35,202,129
67$47,474,426$28,880,246$24,846,943$37,768,623
68$52,264,579$30,243,140$25,627,077$40,557,245
69$57,541,682$31,671,169$26,431,699$43,589,038
70$63,355,352$33,167,475$27,261,580$46,887,127
71$69,760,265$34,735,349$28,117,511$50,476,920
72$76,816,674$36,378,243$29,000,309$54,386,344
73$84,590,974$38,099,776$29,910,818$58,646,096
74$93,156,331$39,903,742$30,849,908$63,289,923
75$102,593,372$41,794,121$31,818,475$68,354,927
76$112,990,946$43,775,083$32,817,445$73,881,908
77$124,446,965$45,851,004$33,847,771$79,915,732
78$137,069,322$48,026,470$34,910,438$86,505,747
79$150,976,915$50,306,290$36,006,460$93,706,230
80$166,300,768$52,695,506$37,136,885$101,576,892
81$183,185,268$55,199,406$38,302,791$110,183,419
82$201,789,523$57,823,535$39,505,293$119,598,085
83$222,288,872$60,573,706$40,745,538$129,900,413
84$244,876,535$63,456,016$42,024,711$141,177,912
85$269,765,436$66,476,855$43,344,033$153,526,885
86$297,190,217$69,642,928$44,704,765$167,053,319
87$327,409,451$72,961,263$46,108,206$181,873,867
88$360,708,079$76,439,229$47,555,696$198,116,932
89$397,400,109$80,084,557$49,048,617$215,923,854
90$437,831,569$83,905,349$50,588,395$235,450,227
91$482,383,782$87,910,105$52,176,499$256,867,342
92$531,476,963$92,107,735$53,814,447$280,363,782
93$585,574,185$96,507,585$55,503,803$306,147,177
94$645,185,750$101,119,455$57,246,178$334,446,140
95$710,874,009$105,953,622$59,043,238$365,512,395
96$783,258,670$111,020,860$60,896,698$399,623,128
97$863,022,644$116,332,472$62,808,327$437,083,573
98$950,918,498$121,900,308$64,779,951$478,229,861
99$1,047,775,557$127,736,796$66,813,452$523,432,165
100$1,154,507,733$133,854,968$68,910,771$573,098,157