Can I retire at age 58 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,417,245
2 years$756,293$742,208$728,557$715,322$702,484$644,788
3 years$499,187$485,041$471,425$458,314$445,685$390,081
4 years$370,659$356,557$343,077$330,189$317,866$264,778
5 years$293,563$279,545$266,242$253,617$241,637$191,199
6 years$242,182$228,269$215,163$202,820$191,199$143,445
7 years$205,496$191,700$178,801$166,749$155,496$110,409
8 years$177,994$164,322$151,638$139,882$128,999$86,534
9 years$156,614$143,072$130,605$119,148$108,636$68,729
10 years$139,521$126,111$113,865$102,707$92,563$55,138
11 years$125,544$112,269$100,245$89,386$79,607$44,577
12 years$113,906$100,767$88,965$78,403$68,986$36,258
13 years$104,065$91,064$79,484$69,218$60,157$29,633
14 years$95,638$82,775$71,417$61,444$52,733$24,311
15 years$88,341$75,616$64,480$54,798$46,431$20,006
16 years$81,962$69,376$58,460$49,065$41,036$16,505
17 years$76,340$63,893$53,197$44,085$36,385$13,645
18 years$71,347$59,040$48,562$39,729$32,352$11,299
19 years$66,886$54,718$44,456$35,899$28,836$9,369
20 years$62,876$50,846$40,799$32,513$25,757$7,778
21 years$59,252$47,361$37,528$29,508$23,049$6,463
22 years$55,962$44,210$34,587$26,829$20,660$5,374
23 years$52,963$41,349$31,935$24,434$18,546$4,472
24 years$50,218$38,741$29,535$22,285$16,670$3,723
25 years$47,696$36,357$27,355$20,352$15,000$3,101
26 years$45,372$34,169$25,371$18,609$13,512$2,584
27 years$43,224$32,157$23,559$17,033$12,182$2,153
28 years$41,232$30,302$21,901$15,606$10,992$1,795
29 years$39,382$28,586$20,381$14,311$9,925$1,497
30 years$37,658$26,997$18,984$13,134$8,968$1,248
31 years$36,048$25,521$17,698$12,063$8,108$1,041
32 years$34,543$24,148$16,513$11,086$7,334$869
33 years$33,131$22,868$15,418$10,194$6,638$725
34 years$31,805$21,674$14,406$9,380$6,010$605
35 years$30,558$20,557$13,468$8,635$5,443$505
36 years$29,382$19,512$12,599$7,952$4,932$421
37 years$28,273$18,532$11,793$7,327$4,470$351
38 years$27,225$17,612$11,043$6,753$4,052$293
39 years$26,233$16,747$10,346$6,227$3,675$245
40 years$25,292$15,934$9,698$5,743$3,333$204
41 years$24,400$15,167$9,093$5,299$3,024$170
42 years$23,553$14,445$8,530$4,890$2,744$142
43 years$22,748$13,763$8,004$4,514$2,490$119
44 years$21,981$13,119$7,513$4,168$2,260$99
45 years$21,250$12,510$7,055$3,850$2,052$83
46 years$20,553$11,934$6,626$3,556$1,863$69
47 years$19,888$11,389$6,225$3,285$1,692$58
48 years$19,252$10,872$5,850$3,036$1,536$48
49 years$18,644$10,382$5,498$2,805$1,395$40
50 years$18,062$9,918$5,169$2,593$1,267$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,500,000, adding $2,468 every year, while hoping to spend $49,279 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: 65/19/16 Blend
57$18,500,000$18,500,000$18,500,000$18,500,000
58$20,389,546$19,409,046$19,122,296$21,635,305
59$22,416,847$20,307,657$19,710,460$23,368,274
60$24,649,281$21,248,648$20,316,676$25,255,293
61$27,107,720$22,234,044$20,941,497$27,316,130
62$29,815,163$23,265,967$21,585,493$29,567,777
63$32,796,951$24,346,641$22,249,249$32,028,927
64$36,081,013$25,478,399$22,933,371$34,720,149
65$39,698,120$26,663,685$23,638,483$37,664,076
66$43,682,183$27,905,060$24,365,226$40,885,614
67$48,070,568$29,205,210$25,114,264$44,412,174
68$52,904,451$30,566,951$25,886,277$48,273,925
69$58,229,208$31,993,233$26,681,970$52,504,072
70$64,094,837$33,487,152$27,502,066$57,139,169
71$70,556,437$35,051,949$28,347,312$62,219,451
72$77,674,724$36,691,025$29,218,477$67,789,214
73$85,516,605$38,407,944$30,116,355$73,897,226
74$94,155,808$40,206,443$31,041,762$80,597,177
75$103,673,579$42,090,438$31,995,541$87,948,186
76$114,159,451$44,064,036$32,978,558$96,015,345
77$125,712,083$46,131,541$33,991,707$104,870,331
78$138,440,197$48,297,469$35,035,911$114,592,073
79$152,463,601$50,566,549$36,112,119$125,267,491
80$167,914,322$52,943,743$37,221,308$136,992,305
81$184,937,848$55,434,252$38,364,487$149,871,933
82$203,694,507$58,043,528$39,542,695$164,022,475
83$224,360,974$60,777,288$40,757,003$179,571,802
84$247,131,943$63,641,526$42,008,513$196,660,750
85$272,221,966$66,642,525$43,298,362$215,444,442
86$299,867,471$69,786,874$44,627,723$236,093,740
87$330,329,003$73,081,480$45,997,801$258,796,848
88$363,893,674$76,533,586$47,409,840$283,761,075
89$400,877,882$80,150,785$48,865,123$311,214,782
90$441,630,292$83,941,039$50,364,970$341,409,522
91$486,535,128$87,912,696$51,910,743$374,622,405
92$536,015,801$92,074,508$53,503,843$411,158,698
93$590,538,906$96,435,652$55,145,715$451,354,690
94$650,618,627$101,005,752$56,837,850$495,580,856
95$716,821,590$105,794,897$58,581,780$544,245,335
96$789,772,210$110,813,665$60,379,088$597,797,767
97$870,158,591$116,073,150$62,231,403$656,733,519
98$958,739,015$121,584,982$64,140,403$721,598,347
99$1,056,349,107$127,361,358$66,107,818$792,993,525
100$1,163,909,717$133,415,065$68,135,431$871,581,503