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

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,443,428
2 years$748,117$734,184$720,681$707,589$694,889$678,941
3 years$493,791$479,798$466,328$453,359$440,866$425,304
4 years$366,652$352,702$339,368$326,620$314,430$299,373
5 years$290,389$276,523$263,363$250,875$239,024$224,518
6 years$239,564$225,802$212,837$200,627$189,132$175,193
7 years$203,274$189,628$176,868$164,946$153,815$140,450
8 years$176,069$162,546$149,998$138,369$127,604$114,812
9 years$154,921$141,526$129,193$117,860$107,461$95,237
10 years$138,012$124,748$112,634$101,597$91,562$79,898
11 years$124,187$111,056$99,161$88,419$78,747$67,633
12 years$112,674$99,678$88,003$77,556$68,240$57,665
13 years$102,940$90,079$78,625$68,470$59,507$49,457
14 years$94,604$81,880$70,645$60,780$52,163$42,626
15 years$87,386$74,799$63,783$54,205$45,929$36,889
16 years$81,076$68,626$57,828$48,535$40,592$32,034
17 years$75,514$63,202$52,621$43,608$35,992$27,899
18 years$70,576$58,402$48,037$39,300$32,002$24,359
19 years$66,163$54,126$43,975$35,511$28,524$21,314
20 years$62,196$50,297$40,358$32,162$25,478$18,684
21 years$58,611$46,849$37,122$29,189$22,800$16,405
22 years$55,357$43,732$34,214$26,539$20,437$14,423
23 years$52,390$40,902$31,590$24,170$18,346$12,697
24 years$49,675$38,322$29,216$22,044$16,489$11,188
25 years$47,180$35,964$27,059$20,132$14,838$9,869
26 years$44,881$33,800$25,096$18,408$13,365$8,711
27 years$42,756$31,810$23,304$16,849$12,050$7,695
28 years$40,787$29,974$21,664$15,437$10,873$6,802
29 years$38,956$28,277$20,160$14,156$9,818$6,016
30 years$37,251$26,705$18,779$12,992$8,871$5,323
31 years$35,659$25,245$17,507$11,932$8,020$4,712
32 years$34,169$23,887$16,334$10,966$7,255$4,172
33 years$32,773$22,621$15,251$10,084$6,566$3,696
34 years$31,461$21,440$14,250$9,278$5,945$3,275
35 years$30,227$20,335$13,323$8,541$5,384$2,903
36 years$29,065$19,301$12,463$7,866$4,878$2,573
37 years$27,967$18,332$11,665$7,248$4,421$2,282
38 years$26,930$17,422$10,924$6,680$4,008$2,024
39 years$25,949$16,566$10,235$6,160$3,635$1,795
40 years$25,019$15,761$9,593$5,681$3,297$1,592
41 years$24,137$15,003$8,995$5,242$2,991$1,413
42 years$23,299$14,289$8,438$4,838$2,714$1,254
43 years$22,502$13,614$7,918$4,466$2,463$1,112
44 years$21,743$12,977$7,432$4,123$2,236$987
45 years$21,020$12,375$6,978$3,808$2,030$876
46 years$20,331$11,805$6,554$3,517$1,843$778
47 years$19,673$11,266$6,158$3,250$1,674$690
48 years$19,044$10,755$5,786$3,003$1,520$613
49 years$18,443$10,270$5,439$2,775$1,380$544
50 years$17,867$9,810$5,113$2,565$1,254$483

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 $4,748 every year, while hoping to spend $53,060 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: 80/10/10 Blend
57$18,300,000$18,300,000$18,300,000$18,300,000
58$20,171,498$19,201,598$18,917,948$21,752,170
59$22,172,535$20,086,020$19,495,243$23,674,236
60$24,375,900$21,012,002$20,090,100$25,775,496
61$26,802,173$21,981,522$20,703,050$28,079,715
62$29,474,035$22,996,656$21,334,642$30,607,161
63$32,416,474$24,059,580$21,985,441$33,380,151
64$35,657,029$25,172,574$22,656,028$36,423,264
65$39,226,044$26,338,028$23,347,003$39,763,563
66$43,156,957$27,558,448$24,058,984$43,430,853
67$47,486,613$28,836,458$24,792,606$47,457,959
68$52,255,615$30,174,812$25,548,526$51,881,034
69$57,508,704$31,576,394$26,327,418$56,739,893
70$63,295,183$33,044,229$27,129,978$62,078,391
71$69,669,382$34,581,486$27,956,922$67,944,833
72$76,691,169$36,191,489$28,808,989$74,392,422
73$84,426,517$37,877,720$29,686,938$81,479,766
74$92,948,125$39,643,832$30,591,554$89,271,419
75$102,336,105$41,493,651$31,523,643$97,838,494
76$112,678,738$43,431,191$32,484,035$107,259,326
77$124,073,307$45,460,657$33,473,588$117,620,210
78$136,627,014$47,586,458$34,493,183$129,016,209
79$150,457,993$49,813,219$35,543,728$141,552,050
80$165,696,426$52,145,784$36,626,160$155,343,104
81$182,485,767$54,589,233$37,741,443$170,516,477
82$200,984,104$57,148,894$38,890,569$187,212,197
83$221,365,641$59,830,348$40,074,562$205,584,536
84$243,822,351$62,639,450$41,294,475$225,803,462
85$268,565,785$65,582,337$42,551,394$248,056,231
86$295,829,066$68,665,443$43,846,436$272,549,158
87$325,869,093$71,895,512$45,180,754$299,509,551
88$358,968,965$75,279,616$46,555,534$329,187,854
89$395,440,652$78,825,170$47,971,997$361,860,007
90$435,627,942$82,539,947$49,431,402$397,830,037
91$479,909,685$86,432,097$50,935,047$437,432,927
92$528,703,367$90,510,165$52,484,266$481,037,770
93$582,469,057$94,783,109$54,080,435$529,051,242
94$641,713,742$99,260,322$55,724,971$581,921,438
95$706,996,120$103,951,654$57,419,333$640,142,088
96$778,931,868$108,867,430$59,165,025$704,257,214
97$858,199,461$114,018,476$60,963,596$774,866,254
98$945,546,569$119,416,144$62,816,639$852,629,711
99$1,041,797,121$125,072,337$64,725,799$938,275,380
100$1,147,859,081$130,999,535$66,692,767$1,032,605,206