Can I retire at age 58 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,417,670
2 years$748,117$734,184$720,681$707,589$694,889$653,304
3 years$493,791$479,798$466,328$453,359$440,866$400,596
4 years$366,652$352,702$339,368$326,620$314,430$275,784
5 years$290,389$276,523$263,363$250,875$239,024$202,108
6 years$239,564$225,802$212,837$200,627$189,132$153,980
7 years$203,274$189,628$176,868$164,946$153,815$120,427
8 years$176,069$162,546$149,998$138,369$127,604$95,962
9 years$154,921$141,526$129,193$117,860$107,461$77,533
10 years$138,012$124,748$112,634$101,597$91,562$63,308
11 years$124,187$111,056$99,161$88,419$78,747$52,120
12 years$112,674$99,678$88,003$77,556$68,240$43,190
13 years$102,940$90,079$78,625$68,470$59,507$35,978
14 years$94,604$81,880$70,645$60,780$52,163$30,097
15 years$87,386$74,799$63,783$54,205$45,929$25,266
16 years$81,076$68,626$57,828$48,535$40,592$21,271
17 years$75,514$63,202$52,621$43,608$35,992$17,950
18 years$70,576$58,402$48,037$39,300$32,002$15,178
19 years$66,163$54,126$43,975$35,511$28,524$12,855
20 years$62,196$50,297$40,358$32,162$25,478$10,902
21 years$58,611$46,849$37,122$29,189$22,800$9,257
22 years$55,357$43,732$34,214$26,539$20,437$7,868
23 years$52,390$40,902$31,590$24,170$18,346$6,693
24 years$49,675$38,322$29,216$22,044$16,489$5,698
25 years$47,180$35,964$27,059$20,132$14,838$4,853
26 years$44,881$33,800$25,096$18,408$13,365$4,136
27 years$42,756$31,810$23,304$16,849$12,050$3,526
28 years$40,787$29,974$21,664$15,437$10,873$3,008
29 years$38,956$28,277$20,160$14,156$9,818$2,566
30 years$37,251$26,705$18,779$12,992$8,871$2,190
31 years$35,659$25,245$17,507$11,932$8,020$1,869
32 years$34,169$23,887$16,334$10,966$7,255$1,596
33 years$32,773$22,621$15,251$10,084$6,566$1,363
34 years$31,461$21,440$14,250$9,278$5,945$1,164
35 years$30,227$20,335$13,323$8,541$5,384$994
36 years$29,065$19,301$12,463$7,866$4,878$849
37 years$27,967$18,332$11,665$7,248$4,421$725
38 years$26,930$17,422$10,924$6,680$4,008$620
39 years$25,949$16,566$10,235$6,160$3,635$529
40 years$25,019$15,761$9,593$5,681$3,297$452
41 years$24,137$15,003$8,995$5,242$2,991$386
42 years$23,299$14,289$8,438$4,838$2,714$330
43 years$22,502$13,614$7,918$4,466$2,463$282
44 years$21,743$12,977$7,432$4,123$2,236$241
45 years$21,020$12,375$6,978$3,808$2,030$206
46 years$20,331$11,805$6,554$3,517$1,843$176
47 years$19,673$11,266$6,158$3,250$1,674$151
48 years$19,044$10,755$5,786$3,003$1,520$129
49 years$18,443$10,270$5,439$2,775$1,380$110
50 years$17,867$9,810$5,113$2,565$1,254$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,300,000, adding $5,824 every year, while hoping to spend $48,058 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: 56/25/19 Blend
57$18,300,000$18,300,000$18,300,000$18,300,000
58$20,172,607$19,202,707$18,919,057$21,199,415
59$22,179,080$20,092,507$19,501,713$22,789,740
60$24,388,602$21,024,296$20,102,276$24,515,694
61$26,821,834$22,000,081$20,721,297$26,394,869
62$29,501,542$23,021,965$21,359,341$28,441,979
63$32,452,812$24,092,155$22,016,992$30,673,198
64$35,703,289$25,212,960$22,694,851$33,106,309
65$39,283,433$26,386,803$23,393,537$35,760,868
66$43,226,811$27,616,225$24,113,689$38,658,381
67$47,570,414$28,903,888$24,855,965$41,822,503
68$52,354,999$30,252,581$25,621,042$45,279,252
69$57,625,482$31,665,231$26,409,621$49,057,251
70$63,431,359$33,144,905$27,222,421$53,187,989
71$69,827,169$34,694,817$28,060,184$57,706,115
72$76,873,015$36,318,338$28,923,675$62,649,752
73$84,635,127$38,019,001$29,813,682$68,060,855
74$93,186,488$39,800,510$30,731,018$73,985,592
75$102,607,523$41,666,748$31,676,520$80,474,780
76$112,986,858$43,621,786$32,651,051$87,584,348
77$124,422,156$45,669,892$33,655,500$95,375,860
78$137,021,039$47,815,540$34,690,783$103,917,086
79$150,902,105$50,063,422$35,757,844$113,282,630
80$166,196,045$52,418,455$36,857,657$123,554,625
81$183,046,877$54,885,795$37,991,224$134,823,497
82$201,613,308$57,470,848$39,159,579$147,188,808
83$222,070,227$60,179,281$40,363,787$160,760,182
84$244,610,362$63,017,037$41,604,945$175,658,328
85$269,446,093$65,990,346$42,884,185$192,016,168
86$296,811,461$69,105,739$44,202,672$209,980,073
87$326,964,375$72,370,066$45,561,606$229,711,238
88$360,189,048$75,790,506$46,962,227$251,387,182
89$396,798,678$79,374,588$48,405,809$275,203,412
90$437,138,407$83,130,206$49,893,667$301,375,249
91$481,588,575$87,065,637$51,427,155$330,139,846
92$530,568,315$91,189,558$53,007,670$361,758,408
93$584,539,506$95,511,070$54,636,650$396,518,640
94$644,011,135$100,039,712$56,315,578$434,737,441
95$709,544,101$104,785,488$58,045,980$476,763,876
96$781,756,511$109,758,888$59,829,431$522,982,453
97$861,329,511$114,970,910$61,667,554$573,816,723
98$949,013,724$120,433,087$63,562,020$629,733,263
99$1,045,636,328$126,157,512$65,514,551$691,246,053
100$1,152,108,868$132,156,865$67,526,923$758,921,298