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%17.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,436,287
2 years$760,381$746,220$732,495$719,188$706,281$659,452
3 years$501,886$487,663$473,973$460,791$448,094$402,808
4 years$372,663$358,484$344,931$331,974$319,584$276,189
5 years$295,150$281,056$267,681$254,988$242,943$201,555
6 years$243,491$229,503$216,326$203,916$192,232$152,886
7 years$206,606$192,736$179,768$167,650$156,336$119,029
8 years$178,956$165,211$152,457$140,638$129,696$94,402
9 years$157,461$143,846$131,311$119,792$109,223$75,903
10 years$140,275$126,793$114,480$103,262$93,063$61,667
11 years$126,223$112,876$100,787$89,869$80,038$50,508
12 years$114,521$101,312$89,446$78,827$69,359$41,633
13 years$104,628$91,556$79,914$69,593$60,482$34,494
14 years$96,155$83,222$71,803$61,776$53,018$28,696
15 years$88,818$76,025$64,828$55,094$46,682$23,954
16 years$82,405$69,751$58,776$49,330$41,257$20,051
17 years$76,752$64,238$53,484$44,323$36,582$16,822
18 years$71,733$59,359$48,824$39,944$32,527$14,139
19 years$67,248$55,013$44,696$36,093$28,992$11,903
20 years$63,216$51,121$41,020$32,689$25,896$10,034
21 years$59,572$47,617$37,730$29,667$23,174$8,468
22 years$56,265$44,449$34,774$26,974$20,772$7,152
23 years$53,249$41,572$32,108$24,566$18,646$6,046
24 years$50,489$38,951$29,694$22,406$16,760$5,114
25 years$47,954$36,553$27,503$20,462$15,081$4,328
26 years$45,617$34,354$25,508$18,710$13,585$3,665
27 years$43,457$32,331$23,686$17,125$12,248$3,104
28 years$41,455$30,466$22,019$15,690$11,051$2,631
29 years$39,595$28,741$20,491$14,388$9,979$2,230
30 years$37,862$27,143$19,086$13,205$9,017$1,890
31 years$36,243$25,659$17,794$12,128$8,152$1,603
32 years$34,729$24,278$16,602$11,146$7,374$1,359
33 years$33,310$22,992$15,501$10,249$6,673$1,153
34 years$31,977$21,791$14,483$9,430$6,042$978
35 years$30,723$20,669$13,541$8,681$5,473$830
36 years$29,541$19,618$12,667$7,995$4,958$704
37 years$28,426$18,632$11,856$7,366$4,494$597
38 years$27,372$17,707$11,103$6,790$4,074$507
39 years$26,374$16,838$10,402$6,261$3,695$430
40 years$25,429$16,020$9,750$5,774$3,351$365
41 years$24,532$15,249$9,142$5,328$3,040$310
42 years$23,681$14,523$8,576$4,917$2,759$263
43 years$22,871$13,837$8,047$4,539$2,504$223
44 years$22,099$13,190$7,554$4,191$2,273$189
45 years$21,365$12,578$7,093$3,870$2,063$161
46 years$20,664$11,999$6,662$3,575$1,873$137
47 years$19,995$11,450$6,259$3,303$1,701$116
48 years$19,356$10,931$5,881$3,052$1,545$98
49 years$18,745$10,439$5,528$2,821$1,403$83
50 years$18,160$9,971$5,197$2,607$1,274$71

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 $3,392 every year, while hoping to spend $29,979 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: 65/6/29 Blend
57$18,600,000$18,600,000$18,600,000$18,600,000
58$20,500,699$19,514,899$19,226,599$21,675,142
59$22,559,873$20,439,231$19,838,792$23,394,584
60$24,828,078$21,407,852$20,470,490$25,269,673
61$27,326,603$22,422,898$21,122,313$27,318,696
62$30,078,909$23,486,612$21,794,902$29,558,793
63$33,110,847$24,601,346$22,488,921$32,008,826
64$36,450,905$25,769,564$23,205,052$34,689,563
65$40,130,477$26,993,851$23,944,000$37,623,863
66$44,184,154$28,276,918$24,706,493$40,836,894
67$48,650,057$29,621,607$25,493,280$44,356,366
68$53,570,196$31,030,899$26,305,138$48,212,790
69$58,990,860$32,507,917$27,142,864$52,439,759
70$64,963,062$34,055,939$28,007,284$57,074,267
71$71,543,015$35,678,400$28,899,249$62,157,052
72$78,792,665$37,378,905$29,819,636$67,732,976
73$86,780,276$39,161,231$30,769,354$73,851,444
74$95,581,072$41,029,339$31,749,335$80,566,871
75$105,277,950$42,987,385$32,760,546$87,939,185
76$115,962,259$45,039,725$33,803,982$96,034,394
77$127,734,665$47,190,927$34,880,671$104,925,199
78$140,706,100$49,445,782$35,991,673$114,691,681
79$154,998,811$51,809,313$37,138,082$125,422,050
80$170,747,509$54,286,790$38,321,028$137,213,469
81$188,100,648$56,883,735$39,541,675$150,172,972
82$207,221,819$59,605,943$40,801,227$164,418,466
83$228,291,299$62,459,489$42,100,922$180,079,837
84$251,507,751$65,450,743$43,442,042$197,300,172
85$277,090,099$68,586,387$44,825,908$216,237,103
86$305,279,597$71,873,427$46,253,884$237,064,290
87$336,342,101$75,319,211$47,727,375$259,973,050
88$370,570,587$78,931,444$49,247,833$285,174,162
89$408,287,909$82,718,206$50,816,757$312,899,843
90$449,849,849$86,687,972$52,435,692$343,405,938
91$495,648,480$90,849,629$54,106,234$376,974,326
92$546,115,860$95,212,496$55,830,028$413,915,570
93$601,728,117$99,786,348$57,608,773$454,571,846
94$663,009,940$104,581,434$59,444,222$499,320,157
95$730,539,534$109,608,504$61,338,184$548,575,893
96$804,954,078$114,878,832$63,292,524$602,796,732
97$886,955,739$120,404,241$65,309,170$662,486,961
98$977,318,306$126,197,129$67,390,108$728,202,218
99$1,076,894,486$132,270,501$69,537,389$800,554,732
100$1,186,623,962$138,637,995$71,753,131$880,219,091