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

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,444,571
2 years$744,029$730,172$716,743$703,722$691,092$684,306
3 years$491,092$477,176$463,780$450,882$438,457$431,818
4 years$364,649$350,775$337,513$324,835$312,711$306,270
5 years$288,802$275,012$261,924$249,504$237,718$231,494
6 years$238,255$224,568$211,674$199,531$188,098$182,100
7 years$202,163$188,592$175,902$164,045$152,974$147,204
8 years$175,107$161,658$149,179$137,613$126,907$121,365
9 years$154,074$140,752$128,487$117,216$106,874$101,559
10 years$137,258$124,066$112,018$101,041$91,062$85,972
11 years$123,508$110,449$98,619$87,936$78,316$73,448
12 years$112,059$99,133$87,522$77,132$67,867$63,217
13 years$102,378$89,587$78,195$68,096$59,182$54,745
14 years$94,087$81,432$70,259$60,448$51,878$47,650
15 years$86,908$74,390$63,434$53,909$45,678$41,652
16 years$80,633$68,251$57,512$48,270$40,370$36,543
17 years$75,102$62,857$52,334$43,370$35,795$32,159
18 years$70,190$58,083$47,774$39,085$31,827$28,378
19 years$65,801$53,830$43,735$35,317$28,368$25,099
20 years$61,856$50,022$40,138$31,986$25,339$22,243
21 years$58,291$46,593$36,919$29,029$22,676$19,747
22 years$55,055$43,493$34,027$26,394$20,325$17,558
23 years$52,104$40,678$31,417$24,038$18,245$15,633
24 years$49,403$38,113$29,056$21,924$16,399$13,935
25 years$46,922$35,767$26,912$20,022$14,757$12,435
26 years$44,636$33,615$24,959$18,307$13,292$11,107
27 years$42,523$31,636$23,177$16,757$11,984$9,928
28 years$40,564$29,810$21,546$15,353$10,814$8,881
29 years$38,743$28,123$20,050$14,079$9,764$7,950
30 years$37,047$26,559$18,676$12,921$8,823$7,120
31 years$35,464$25,107$17,411$11,867$7,977$6,381
32 years$33,982$23,756$16,245$10,906$7,215$5,721
33 years$32,594$22,498$15,168$10,029$6,530$5,131
34 years$31,289$21,323$14,172$9,228$5,912$4,603
35 years$30,062$20,224$13,250$8,494$5,355$4,132
36 years$28,906$19,196$12,395$7,823$4,852$3,709
37 years$27,815$18,231$11,601$7,208$4,397$3,331
38 years$26,783$17,326$10,864$6,644$3,987$2,992
39 years$25,807$16,476$10,179$6,126$3,615$2,688
40 years$24,882$15,675$9,540$5,650$3,279$2,415
41 years$24,005$14,921$8,946$5,213$2,975$2,171
42 years$23,171$14,211$8,392$4,811$2,699$1,951
43 years$22,379$13,540$7,874$4,441$2,450$1,754
44 years$21,624$12,906$7,391$4,101$2,224$1,577
45 years$20,905$12,307$6,940$3,787$2,019$1,418
46 years$20,220$11,741$6,518$3,498$1,833$1,275
47 years$19,565$11,204$6,124$3,232$1,664$1,147
48 years$18,940$10,696$5,755$2,986$1,511$1,032
49 years$18,342$10,214$5,409$2,760$1,373$928
50 years$17,770$9,757$5,085$2,551$1,247$835

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 $3,689 every year, while hoping to spend $30,309 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: 62/30/8 Blend
57$18,200,000$18,200,000$18,200,000$18,200,000
58$20,060,205$19,095,605$18,813,505$21,270,515
59$22,074,098$19,999,041$19,411,509$22,983,148
60$24,292,391$20,945,730$20,028,530$24,847,795
61$26,735,903$21,937,759$20,665,174$26,882,214
62$29,427,572$22,977,316$21,322,064$29,102,817
63$32,392,676$24,066,696$21,999,845$31,527,652
64$35,659,071$25,208,306$22,699,182$34,176,562
65$39,257,453$26,404,669$23,420,761$37,071,371
66$43,221,645$27,658,430$24,165,289$40,236,081
67$47,588,923$28,972,364$24,933,496$43,697,092
68$52,400,361$30,349,378$25,726,136$47,483,446
69$57,701,224$31,792,523$26,543,987$51,627,093
70$63,541,389$33,304,996$27,387,851$56,163,185
71$69,975,821$34,890,152$28,258,555$61,130,401
72$77,065,093$36,551,507$29,156,954$66,571,301
73$84,875,949$38,292,748$30,083,929$72,532,724
74$93,481,945$40,117,742$31,040,390$79,066,217
75$102,964,135$42,030,543$32,027,275$86,228,513
76$113,411,840$44,035,403$33,045,551$94,082,058
77$124,923,490$46,136,779$34,096,219$102,695,588
78$137,607,552$48,339,348$35,180,309$112,144,771
79$151,583,558$50,648,012$36,298,885$122,512,905
80$166,983,227$53,067,911$37,453,044$133,891,696
81$183,951,715$55,604,436$38,643,919$146,382,109
82$202,648,978$58,263,242$39,872,679$160,095,309
83$223,251,289$61,050,256$41,140,529$175,153,698
84$245,952,897$63,971,696$42,448,714$191,692,055
85$270,967,864$67,034,080$43,798,517$209,858,793
86$298,532,082$70,244,246$45,191,263$229,817,344
87$328,905,504$73,609,363$46,628,320$251,747,688
88$362,374,594$77,136,951$48,111,097$275,848,032
89$399,255,034$80,834,893$49,641,050$302,336,664
90$439,894,703$84,711,458$51,219,681$331,453,995
91$484,676,961$88,775,318$52,848,539$363,464,811
92$534,024,269$93,035,567$54,529,223$398,660,746
93$588,402,176$97,501,741$56,263,383$437,363,020
94$648,323,713$102,183,842$58,052,722$479,925,446
95$714,354,240$107,092,358$59,898,996$526,737,745
96$787,116,778$112,238,288$61,804,017$578,229,203
97$867,297,894$117,633,169$63,769,657$634,872,695
98$955,654,183$123,289,099$65,797,844$697,189,124
99$1,053,019,408$129,218,763$67,890,571$765,752,307
100$1,160,312,375$135,435,469$70,049,891$841,194,366