Can I retire at age 58 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,454,433
2 years$760,381$746,220$732,495$719,188$706,281$677,426
3 years$501,886$487,663$473,973$460,791$448,094$420,040
4 years$372,663$358,484$344,931$331,974$319,584$292,548
5 years$295,150$281,056$267,681$254,988$242,943$217,001
6 years$243,491$229,503$216,326$203,916$192,232$167,413
7 years$206,606$192,736$179,768$167,650$156,336$132,646
8 years$178,956$165,211$152,457$140,638$129,696$107,128
9 years$157,461$143,846$131,311$119,792$109,223$87,763
10 years$140,275$126,793$114,480$103,262$93,063$72,691
11 years$126,223$112,876$100,787$89,869$80,038$60,728
12 years$114,521$101,312$89,446$78,827$69,359$51,086
13 years$104,628$91,556$79,914$69,593$60,482$43,215
14 years$96,155$83,222$71,803$61,776$53,018$36,725
15 years$88,818$76,025$64,828$55,094$46,682$31,329
16 years$82,405$69,751$58,776$49,330$41,257$26,810
17 years$76,752$64,238$53,484$44,323$36,582$23,005
18 years$71,733$59,359$48,824$39,944$32,527$19,784
19 years$67,248$55,013$44,696$36,093$28,992$17,046
20 years$63,216$51,121$41,020$32,689$25,896$14,711
21 years$59,572$47,617$37,730$29,667$23,174$12,714
22 years$56,265$44,449$34,774$26,974$20,772$11,000
23 years$53,249$41,572$32,108$24,566$18,646$9,528
24 years$50,489$38,951$29,694$22,406$16,760$8,259
25 years$47,954$36,553$27,503$20,462$15,081$7,165
26 years$45,617$34,354$25,508$18,710$13,585$6,220
27 years$43,457$32,331$23,686$17,125$12,248$5,403
28 years$41,455$30,466$22,019$15,690$11,051$4,695
29 years$39,595$28,741$20,491$14,388$9,979$4,082
30 years$37,862$27,143$19,086$13,205$9,017$3,550
31 years$36,243$25,659$17,794$12,128$8,152$3,089
32 years$34,729$24,278$16,602$11,146$7,374$2,688
33 years$33,310$22,992$15,501$10,249$6,673$2,340
34 years$31,977$21,791$14,483$9,430$6,042$2,037
35 years$30,723$20,669$13,541$8,681$5,473$1,774
36 years$29,541$19,618$12,667$7,995$4,958$1,545
37 years$28,426$18,632$11,856$7,366$4,494$1,346
38 years$27,372$17,707$11,103$6,790$4,074$1,172
39 years$26,374$16,838$10,402$6,261$3,695$1,021
40 years$25,429$16,020$9,750$5,774$3,351$890
41 years$24,532$15,249$9,142$5,328$3,040$775
42 years$23,681$14,523$8,576$4,917$2,759$676
43 years$22,871$13,837$8,047$4,539$2,504$589
44 years$22,099$13,190$7,554$4,191$2,273$513
45 years$21,365$12,578$7,093$3,870$2,063$447
46 years$20,664$11,999$6,662$3,575$1,873$390
47 years$19,995$11,450$6,259$3,303$1,701$340
48 years$19,356$10,931$5,881$3,052$1,545$296
49 years$18,745$10,439$5,528$2,821$1,403$258
50 years$18,160$9,971$5,197$2,607$1,274$225

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,600,000, adding $5,819 every year, while hoping to spend $25,386 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: 53/37/10 Blend
57$18,600,000$18,600,000$18,600,000$18,600,000
58$20,503,202$19,517,402$19,229,102$21,537,264
59$22,567,518$20,446,745$19,846,267$23,169,932
60$24,841,544$21,420,774$20,483,255$24,942,046
61$27,346,642$22,441,653$21,140,705$26,869,421
62$30,106,356$23,511,649$21,819,275$28,966,756
63$33,146,626$24,633,142$22,519,642$31,250,195
64$36,496,041$25,808,625$23,242,509$33,737,475
65$40,186,102$27,040,713$23,988,598$36,448,086
66$44,251,525$28,332,148$24,758,657$39,403,444
67$48,730,563$29,685,806$25,553,455$42,627,089
68$53,665,374$31,104,704$26,373,789$46,144,895
69$59,102,410$32,592,002$27,220,479$49,985,306
70$65,092,863$34,151,018$28,094,372$54,179,596
71$71,693,147$35,785,229$28,996,345$58,762,153
72$78,965,424$37,498,282$29,927,299$63,770,794
73$86,978,201$39,294,001$30,888,167$69,247,110
74$95,806,967$41,176,397$31,879,910$75,236,850
75$105,534,913$43,149,675$32,903,522$81,790,335
76$116,253,711$45,218,247$33,960,028$88,962,927
77$128,064,386$47,386,737$35,050,485$96,815,533
78$141,078,262$49,659,996$36,175,985$105,415,170
79$155,418,020$52,043,111$37,337,656$114,835,582
80$171,218,852$54,541,417$38,536,661$125,157,920
81$188,629,736$57,160,508$39,774,200$136,471,492
82$207,814,847$59,906,250$41,051,514$148,874,590
83$228,955,103$62,784,798$42,369,881$162,475,403
84$252,249,874$65,802,604$43,730,623$177,393,016
85$277,918,864$68,966,435$45,135,102$193,758,517
86$306,204,186$72,283,388$46,584,725$211,716,213
87$337,372,644$75,760,905$48,080,945$231,424,975
88$371,718,258$79,406,794$49,625,261$253,059,711
89$409,565,034$83,229,240$51,219,220$276,812,998
90$451,270,022$87,236,828$52,864,419$302,896,873
91$497,226,695$91,438,563$54,562,507$331,544,812
92$547,868,652$95,843,887$56,315,186$363,013,905
93$603,673,722$100,462,704$58,124,212$397,587,258
94$665,168,466$105,305,401$59,991,398$435,576,632
95$732,933,155$110,382,872$61,918,615$477,325,363
96$807,607,244$115,706,539$63,907,795$523,211,565
97$889,895,409$121,288,386$65,960,933$573,651,667
98$980,574,203$127,140,979$68,080,086$629,104,313
99$1,080,499,381$133,277,496$70,267,378$690,074,651
100$1,190,613,986$139,711,761$72,525,004$757,119,066