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

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,431,191
2 years$752,205$738,196$724,619$711,455$698,687$662,588
3 years$496,489$482,419$468,877$455,836$443,275$408,258
4 years$368,656$354,629$341,222$328,404$316,148$282,481
5 years$291,976$278,034$264,802$252,246$240,331$208,109
6 years$240,873$227,035$214,000$201,723$190,165$159,420
7 years$204,385$190,664$177,835$165,848$154,655$125,390
8 years$177,031$163,434$150,818$139,126$128,302$100,504
9 years$155,768$142,299$129,899$118,504$108,048$81,696
10 years$138,767$125,430$113,249$102,152$92,063$67,124
11 years$124,866$111,663$99,703$88,903$79,177$55,617
12 years$113,290$100,222$88,484$77,980$68,613$46,392
13 years$103,503$90,572$79,054$68,844$59,832$38,906
14 years$95,121$82,327$71,031$61,112$52,448$32,771
15 years$87,863$75,207$64,131$54,501$46,180$27,704
16 years$81,519$69,001$58,144$48,800$40,814$23,491
17 years$75,927$63,548$52,909$43,846$36,188$19,968
18 years$70,962$58,721$48,299$39,514$32,177$17,009
19 years$66,524$54,422$44,216$35,705$28,680$14,515
20 years$62,536$50,571$40,579$32,337$25,617$12,404
21 years$58,932$47,105$37,325$29,348$22,925$10,614
22 years$55,660$43,971$34,400$26,684$20,549$9,092
23 years$52,677$41,125$31,763$24,302$18,446$7,795
24 years$49,946$38,532$29,375$22,165$16,580$6,689
25 years$47,438$36,160$27,207$20,242$14,919$5,743
26 years$45,127$33,985$25,233$18,508$13,439$4,934
27 years$42,990$31,984$23,431$16,941$12,116$4,241
28 years$41,010$30,138$21,783$15,522$10,932$3,646
29 years$39,169$28,432$20,270$14,234$9,872$3,136
30 years$37,454$26,851$18,881$13,063$8,920$2,699
31 years$35,854$25,383$17,602$11,997$8,064$2,323
32 years$34,356$24,017$16,423$11,026$7,295$2,000
33 years$32,952$22,745$15,335$10,139$6,602$1,722
34 years$31,633$21,557$14,328$9,329$5,977$1,483
35 years$30,392$20,446$13,395$8,588$5,414$1,277
36 years$29,223$19,407$12,531$7,909$4,905$1,100
37 years$28,120$18,432$11,729$7,287$4,446$948
38 years$27,078$17,517$10,984$6,717$4,030$817
39 years$26,091$16,657$10,290$6,193$3,655$704
40 years$25,156$15,848$9,645$5,712$3,315$606
41 years$24,269$15,085$9,044$5,270$3,008$522
42 years$23,426$14,367$8,484$4,864$2,729$450
43 years$22,625$13,689$7,961$4,490$2,477$388
44 years$21,862$13,048$7,473$4,146$2,248$334
45 years$21,135$12,443$7,017$3,829$2,041$288
46 years$20,442$11,870$6,590$3,537$1,853$248
47 years$19,780$11,327$6,191$3,267$1,683$214
48 years$19,148$10,813$5,818$3,019$1,528$185
49 years$18,543$10,326$5,469$2,790$1,388$159
50 years$17,965$9,864$5,141$2,579$1,261$137

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 $2,385 every year, while hoping to spend $49,719 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: 79/11/10 Blend
57$18,400,000$18,400,000$18,400,000$18,400,000
58$20,279,260$19,304,060$19,018,860$21,847,593
59$22,294,844$20,197,058$19,603,091$23,770,688
60$24,514,351$21,132,147$20,205,228$25,873,227
61$26,958,529$22,111,337$20,825,817$28,178,359
62$29,650,240$23,136,733$21,465,423$30,706,291
63$32,614,677$24,210,546$22,124,627$33,479,270
64$35,879,600$25,335,088$22,804,028$36,521,792
65$39,475,599$26,512,787$23,504,243$39,860,832
66$43,436,383$27,746,187$24,225,908$43,526,097
67$47,799,096$29,037,952$24,969,678$47,550,298
68$52,604,671$30,390,878$25,736,229$51,969,463
69$57,898,211$31,807,895$26,526,256$56,823,269
70$63,729,420$33,292,074$27,340,477$62,155,415
71$70,153,068$34,846,633$28,179,631$68,014,032
72$77,229,511$36,474,948$29,044,479$74,452,131
73$85,025,258$38,180,557$29,935,805$81,528,103
74$93,613,598$39,967,167$30,854,418$89,306,265
75$103,075,295$41,838,669$31,801,151$97,857,464
76$113,499,348$43,799,137$32,776,863$107,259,739
77$124,983,832$45,852,845$33,782,438$117,599,056
78$137,636,820$48,004,272$34,818,787$128,970,115
79$151,577,410$50,258,115$35,886,851$141,477,237
80$166,936,841$52,619,298$36,987,595$155,235,347
81$183,859,738$55,092,983$38,122,019$170,371,049
82$202,505,474$57,684,581$39,291,149$187,023,822
83$223,049,674$60,399,768$40,496,044$205,347,327
84$245,685,874$63,244,490$41,737,796$225,510,851
85$270,627,349$66,224,986$43,017,528$247,700,903
86$298,109,122$69,347,794$44,336,398$272,122,965
87$328,390,186$72,619,769$45,695,601$299,003,424
88$361,755,948$76,048,100$47,096,366$328,591,708
89$398,520,921$79,640,324$48,539,961$361,162,626
90$439,031,696$83,404,341$50,027,691$397,018,961
91$483,670,211$87,348,436$51,560,901$436,494,315
92$532,857,360$91,481,297$53,140,979$479,956,257
93$587,056,961$95,812,030$54,769,352$527,809,775
94$646,780,138$100,350,186$56,447,492$580,501,099
95$712,590,145$105,105,778$58,176,915$638,521,899
96$785,107,683$110,089,305$59,959,185$702,413,919
97$865,016,760$115,311,775$61,795,912$772,774,079
98$953,071,148$120,784,730$63,688,754$850,260,101
99$1,050,101,499$126,520,275$65,639,420$935,596,708
100$1,157,023,183$132,531,100$67,649,672$1,029,582,452