Can I retire at age 58 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,448,307
2 years$752,205$738,196$724,619$711,455$698,687$679,637
3 years$496,489$482,419$468,877$455,836$443,275$424,703
4 years$368,656$354,629$341,222$328,404$316,148$298,196
5 years$291,976$278,034$264,802$252,246$240,331$223,052
6 years$240,873$227,035$214,000$201,723$190,165$173,580
7 years$204,385$190,664$177,835$165,848$154,655$138,770
8 years$177,031$163,434$150,818$139,126$128,302$113,114
9 years$155,768$142,299$129,899$118,504$108,048$93,552
10 years$138,767$125,430$113,249$102,152$92,063$78,247
11 years$124,866$111,663$99,703$88,903$79,177$66,030
12 years$113,290$100,222$88,484$77,980$68,613$56,120
13 years$103,503$90,572$79,054$68,844$59,832$47,976
14 years$95,121$82,327$71,031$61,112$52,448$41,212
15 years$87,863$75,207$64,131$54,501$46,180$35,544
16 years$81,519$69,001$58,144$48,800$40,814$30,760
17 years$75,927$63,548$52,909$43,846$36,188$26,696
18 years$70,962$58,721$48,299$39,514$32,177$23,225
19 years$66,524$54,422$44,216$35,705$28,680$20,248
20 years$62,536$50,571$40,579$32,337$25,617$17,684
21 years$58,932$47,105$37,325$29,348$22,925$15,469
22 years$55,660$43,971$34,400$26,684$20,549$13,549
23 years$52,677$41,125$31,763$24,302$18,446$11,882
24 years$49,946$38,532$29,375$22,165$16,580$10,430
25 years$47,438$36,160$27,207$20,242$14,919$9,163
26 years$45,127$33,985$25,233$18,508$13,439$8,057
27 years$42,990$31,984$23,431$16,941$12,116$7,089
28 years$41,010$30,138$21,783$15,522$10,932$6,241
29 years$39,169$28,432$20,270$14,234$9,872$5,497
30 years$37,454$26,851$18,881$13,063$8,920$4,844
31 years$35,854$25,383$17,602$11,997$8,064$4,270
32 years$34,356$24,017$16,423$11,026$7,295$3,766
33 years$32,952$22,745$15,335$10,139$6,602$3,322
34 years$31,633$21,557$14,328$9,329$5,977$2,931
35 years$30,392$20,446$13,395$8,588$5,414$2,587
36 years$29,223$19,407$12,531$7,909$4,905$2,284
37 years$28,120$18,432$11,729$7,287$4,446$2,017
38 years$27,078$17,517$10,984$6,717$4,030$1,781
39 years$26,091$16,657$10,290$6,193$3,655$1,573
40 years$25,156$15,848$9,645$5,712$3,315$1,389
41 years$24,269$15,085$9,044$5,270$3,008$1,227
42 years$23,426$14,367$8,484$4,864$2,729$1,084
43 years$22,625$13,689$7,961$4,490$2,477$958
44 years$21,862$13,048$7,473$4,146$2,248$847
45 years$21,135$12,443$7,017$3,829$2,041$748
46 years$20,442$11,870$6,590$3,537$1,853$661
47 years$19,780$11,327$6,191$3,267$1,683$584
48 years$19,148$10,813$5,818$3,019$1,528$517
49 years$18,543$10,326$5,469$2,790$1,388$457
50 years$17,965$9,864$5,141$2,579$1,261$404

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,400,000, adding $3,879 every year, while hoping to spend $20,514 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: 43/49/8 Blend
57$18,400,000$18,400,000$18,400,000$18,400,000
58$20,280,801$19,305,601$19,020,401$21,105,857
59$22,327,616$20,229,749$19,635,758$22,603,482
60$24,582,519$21,198,492$20,271,042$24,222,507
61$27,066,712$22,213,995$20,926,898$25,975,922
62$29,803,562$23,278,526$21,603,994$27,876,019
63$32,818,816$24,394,464$22,303,018$29,936,279
64$36,140,847$25,564,305$23,024,681$32,171,489
65$39,800,922$26,790,665$23,769,717$34,597,870
66$43,833,497$28,076,288$24,538,884$37,233,222
67$48,276,541$29,424,053$25,332,963$40,097,082
68$53,171,894$30,836,977$26,152,763$43,210,894
69$58,565,663$32,318,226$26,999,117$46,598,203
70$64,508,660$33,871,118$27,872,887$50,284,864
71$71,056,876$35,499,135$28,774,961$54,299,270
72$78,272,012$37,205,927$29,706,256$58,672,612
73$86,222,062$38,995,323$30,667,722$63,439,157
74$94,981,957$40,871,338$31,660,335$68,636,555
75$104,634,266$42,838,183$32,685,105$74,306,182
76$115,269,981$44,900,274$33,743,076$80,493,510
77$126,989,374$47,062,243$34,835,325$87,248,524
78$139,902,944$49,328,947$35,962,962$94,626,175
79$154,132,459$51,705,479$37,127,135$102,686,875
80$169,812,105$54,197,184$38,329,030$111,497,056
81$187,089,757$56,809,663$39,569,869$121,129,770
82$206,128,369$59,548,793$40,850,917$131,665,361
83$227,107,517$62,420,738$42,173,476$143,192,196
84$250,225,090$65,431,960$43,538,894$155,807,482
85$275,699,163$68,589,240$44,948,561$169,618,156
86$303,770,051$71,899,686$46,403,911$184,741,867
87$334,702,581$75,370,756$47,906,427$201,308,060
88$368,788,591$79,010,269$49,457,639$219,459,173
89$406,349,684$82,826,429$51,059,127$239,351,947
90$447,740,265$86,827,838$52,712,521$261,158,877
91$493,350,887$91,023,517$54,419,505$285,069,808
92$543,611,938$95,422,929$56,181,819$311,293,691
93$598,997,702$100,036,000$58,001,257$340,060,519
94$660,030,841$104,873,137$59,879,672$371,623,466
95$727,287,325$109,945,258$61,818,979$406,261,230
96$801,401,869$115,263,813$63,821,152$444,280,627
97$883,073,932$120,840,812$65,888,232$486,019,442
98$973,074,310$126,688,849$68,022,326$531,849,576
99$1,072,252,423$132,821,136$70,225,606$582,180,502
100$1,181,544,325$139,251,527$72,500,320$637,463,090