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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,443,237
2 years$760,381$746,220$732,495$719,188$706,281$666,315
3 years$501,886$487,663$473,973$460,791$448,094$409,364
4 years$372,663$358,484$344,931$331,974$319,584$282,390
5 years$295,150$281,056$267,681$254,988$242,943$207,386
6 years$243,491$229,503$216,326$203,916$192,232$158,347
7 years$206,606$192,736$179,768$167,650$156,336$124,124
8 years$178,956$165,211$152,457$140,638$129,696$99,140
9 years$157,461$143,846$131,311$119,792$109,223$80,295
10 years$140,275$126,793$114,480$103,262$93,063$65,728
11 years$126,223$112,876$100,787$89,869$80,038$54,251
12 years$114,521$101,312$89,446$78,827$69,359$45,075
13 years$104,628$91,556$79,914$69,593$60,482$37,649
14 years$96,155$83,222$71,803$61,776$53,018$31,582
15 years$88,818$76,025$64,828$55,094$46,682$26,587
16 years$82,405$69,751$58,776$49,330$41,257$22,447
17 years$76,752$64,238$53,484$44,323$36,582$18,998
18 years$71,733$59,359$48,824$39,944$32,527$16,112
19 years$67,248$55,013$44,696$36,093$28,992$13,687
20 years$63,216$51,121$41,020$32,689$25,896$11,644
21 years$59,572$47,617$37,730$29,667$23,174$9,917
22 years$56,265$44,449$34,774$26,974$20,772$8,456
23 years$53,249$41,572$32,108$24,566$18,646$7,215
24 years$50,489$38,951$29,694$22,406$16,760$6,162
25 years$47,954$36,553$27,503$20,462$15,081$5,265
26 years$45,617$34,354$25,508$18,710$13,585$4,502
27 years$43,457$32,331$23,686$17,125$12,248$3,850
28 years$41,455$30,466$22,019$15,690$11,051$3,295
29 years$39,595$28,741$20,491$14,388$9,979$2,820
30 years$37,862$27,143$19,086$13,205$9,017$2,415
31 years$36,243$25,659$17,794$12,128$8,152$2,068
32 years$34,729$24,278$16,602$11,146$7,374$1,771
33 years$33,310$22,992$15,501$10,249$6,673$1,518
34 years$31,977$21,791$14,483$9,430$6,042$1,300
35 years$30,723$20,669$13,541$8,681$5,473$1,114
36 years$29,541$19,618$12,667$7,995$4,958$955
37 years$28,426$18,632$11,856$7,366$4,494$819
38 years$27,372$17,707$11,103$6,790$4,074$702
39 years$26,374$16,838$10,402$6,261$3,695$602
40 years$25,429$16,020$9,750$5,774$3,351$516
41 years$24,532$15,249$9,142$5,328$3,040$442
42 years$23,681$14,523$8,576$4,917$2,759$379
43 years$22,871$13,837$8,047$4,539$2,504$325
44 years$22,099$13,190$7,554$4,191$2,273$279
45 years$21,365$12,578$7,093$3,870$2,063$239
46 years$20,664$11,999$6,662$3,575$1,873$205
47 years$19,995$11,450$6,259$3,303$1,701$176
48 years$19,356$10,931$5,881$3,052$1,545$151
49 years$18,745$10,439$5,528$2,821$1,403$129
50 years$18,160$9,971$5,197$2,607$1,274$111

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 $6,334 every year, while hoping to spend $58,092 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: 56/23/21 Blend
57$18,600,000$18,600,000$18,600,000$18,600,000
58$20,503,734$19,517,934$19,229,634$21,535,367
59$22,533,305$20,412,503$19,812,017$23,135,241
60$24,767,946$21,348,959$20,411,963$24,870,577
61$27,228,511$22,329,293$21,029,999$26,759,854
62$29,937,983$23,355,592$21,666,668$28,817,874
63$32,921,684$24,430,043$22,322,528$31,060,914
64$36,207,519$25,554,938$22,998,155$33,506,872
65$39,826,234$26,732,679$23,694,142$36,175,433
66$43,811,714$27,965,784$24,411,100$39,088,245
67$48,201,294$29,256,892$25,149,657$42,269,123
68$53,036,115$30,608,769$25,910,460$45,744,265
69$58,361,515$32,024,315$26,694,176$49,542,492
70$64,227,450$33,506,567$27,501,491$53,695,517
71$70,688,972$35,058,711$28,333,113$58,238,235
72$77,806,744$36,684,085$29,189,770$63,209,046
73$85,647,616$38,386,188$30,072,210$68,650,211
74$94,285,250$40,168,689$30,981,207$74,608,243
75$103,800,823$42,035,432$31,917,555$81,134,337
76$114,283,786$43,990,448$32,882,073$88,284,845
77$125,832,713$46,037,961$33,875,603$96,121,802
78$138,556,228$48,182,399$34,899,014$104,713,499
79$152,574,032$50,428,405$35,953,199$114,135,119
80$168,018,031$52,780,845$37,039,079$124,469,440
81$185,033,584$55,244,820$38,157,602$135,807,602
82$203,780,872$57,825,678$39,309,743$148,249,957
83$224,436,409$60,529,024$40,496,508$161,907,008
84$247,194,712$63,360,736$41,718,931$176,900,437
85$272,270,135$66,326,975$42,978,077$193,364,244
86$299,898,890$69,434,198$44,275,044$211,445,997
87$330,341,280$72,689,177$45,610,961$231,308,213
88$363,884,154$76,099,010$46,986,992$253,129,879
89$400,843,615$79,671,138$48,404,333$277,108,123
90$441,568,005$83,413,365$49,864,219$303,460,064
91$486,441,189$87,333,868$51,367,919$332,424,843
92$535,886,186$91,441,223$52,916,740$364,265,865
93$590,369,155$95,744,421$54,512,028$399,273,269
94$650,403,797$100,252,886$56,155,170$437,766,646
95$716,556,209$104,976,501$57,847,592$480,098,038
96$789,450,219$109,925,627$59,590,763$526,655,244
97$869,773,285$115,111,126$61,386,198$577,865,454
98$958,282,977$120,544,388$63,235,452$634,199,268
99$1,055,814,131$126,237,354$65,140,130$696,175,110
100$1,163,286,731$132,202,543$67,101,883$764,364,099