Can I retire at age 58 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,468,881
2 years$764,470$750,232$736,434$723,055$710,078$687,678
3 years$504,584$490,285$476,521$463,268$450,503$428,683
4 years$374,667$360,411$346,785$333,759$321,302$300,231
5 years$296,736$282,567$269,120$256,359$244,249$223,987
6 years$244,800$230,737$217,489$205,012$193,266$173,837
7 years$207,717$193,773$180,734$168,552$157,177$138,588
8 years$179,918$166,099$153,277$141,394$130,393$112,641
9 years$158,307$144,619$132,017$120,436$109,810$92,886
10 years$141,029$127,475$115,096$103,817$93,564$77,454
11 years$126,902$113,483$101,328$90,352$80,468$65,157
12 years$115,137$101,856$89,926$79,251$69,732$55,201
13 years$105,190$92,048$80,343$69,967$60,807$47,036
14 years$96,672$83,669$72,189$62,109$53,303$40,270
15 years$89,296$76,434$65,177$55,390$46,933$34,614
16 years$82,848$70,126$59,092$49,596$41,479$29,851
17 years$77,165$64,584$53,772$44,561$36,778$25,815
18 years$72,119$59,678$49,087$40,159$32,702$22,378
19 years$67,609$55,309$44,936$36,287$29,148$19,439
20 years$63,555$51,396$41,240$32,865$26,035$16,914
21 years$59,893$47,873$37,933$29,827$23,299$14,740
22 years$56,567$44,688$34,961$27,119$20,884$12,862
23 years$53,535$41,796$32,281$24,698$18,747$11,235
24 years$50,760$39,160$29,854$22,526$16,850$9,824
25 years$48,211$36,750$27,651$20,572$15,162$8,597
26 years$45,862$34,539$25,645$18,810$13,658$7,529
27 years$43,691$32,505$23,813$17,217$12,314$6,598
28 years$41,678$30,629$22,138$15,775$11,111$5,785
29 years$39,808$28,895$20,601$14,466$10,033$5,075
30 years$38,065$27,288$19,189$13,276$9,065$4,454
31 years$36,438$25,797$17,889$12,193$8,196$3,910
32 years$34,916$24,409$16,691$11,206$7,414$3,434
33 years$33,489$23,116$15,585$10,305$6,709$3,017
34 years$32,149$21,908$14,561$9,481$6,075$2,651
35 years$30,888$20,780$13,614$8,728$5,502$2,330
36 years$29,700$19,723$12,735$8,038$4,985$2,048
37 years$28,579$18,732$11,920$7,406$4,518$1,801
38 years$27,519$17,802$11,163$6,826$4,096$1,583
39 years$26,516$16,928$10,458$6,294$3,714$1,392
40 years$25,566$16,106$9,802$5,806$3,369$1,225
41 years$24,664$15,331$9,192$5,356$3,057$1,077
42 years$23,808$14,601$8,622$4,943$2,774$948
43 years$22,993$13,912$8,091$4,563$2,517$834
44 years$22,218$13,261$7,594$4,213$2,285$734
45 years$21,480$12,645$7,131$3,891$2,074$646
46 years$20,775$12,063$6,698$3,594$1,883$568
47 years$20,103$11,512$6,292$3,321$1,710$500
48 years$19,460$10,990$5,913$3,068$1,553$440
49 years$18,846$10,495$5,558$2,836$1,410$387
50 years$18,258$10,025$5,225$2,621$1,281$341

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,700,000, adding $6,040 every year, while hoping to spend $53,155 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: 49/24/27 Blend
57$18,700,000$18,700,000$18,700,000$18,700,000
58$20,613,630$19,622,530$19,332,680$21,465,363
59$22,659,664$20,527,478$19,923,769$22,967,395
60$24,912,612$21,474,986$20,532,877$24,592,581
61$27,393,522$22,467,085$21,160,552$26,357,273
62$30,125,591$23,505,901$21,807,360$28,274,690
63$33,134,374$24,593,663$22,473,880$30,359,356
64$36,448,037$25,732,710$23,160,711$32,627,234
65$40,097,613$26,925,489$23,868,472$35,095,870
66$44,117,300$28,174,568$24,597,796$37,784,555
67$48,544,782$29,482,639$25,349,339$40,714,497
68$53,421,583$30,852,522$26,123,776$43,909,019
69$58,793,463$32,287,174$26,921,801$47,393,766
70$64,710,846$33,789,695$27,744,130$51,196,948
71$71,229,296$35,363,333$28,591,502$55,349,592
72$78,410,043$37,011,495$29,464,676$59,885,831
73$86,320,559$38,737,751$30,364,435$64,843,216
74$95,035,199$40,545,843$31,291,586$70,263,063
75$104,635,894$42,439,695$32,246,960$76,190,836
76$115,212,935$44,423,419$33,231,412$82,676,563
77$126,865,815$46,501,328$34,245,825$89,775,300
78$139,704,176$48,677,940$35,291,108$97,547,643
79$153,848,838$50,957,995$36,368,196$106,060,287
80$169,432,942$53,346,460$37,478,054$115,386,647
81$186,603,209$55,848,543$38,621,675$125,607,535
82$205,521,318$58,469,703$39,800,083$136,811,917
83$226,365,438$61,215,665$41,014,331$149,097,736
84$249,331,908$64,092,428$42,265,507$162,572,825
85$274,637,090$67,106,284$43,554,729$177,355,910
86$302,519,411$70,263,829$44,883,150$193,577,721
87$333,241,612$73,571,978$46,251,956$211,382,205
88$367,093,232$77,037,981$47,662,373$230,927,873
89$404,393,339$80,669,439$49,115,659$252,389,283
90$445,493,539$84,474,321$50,613,113$275,958,663
91$490,781,299$88,460,982$52,156,072$301,847,714
92$540,683,605$92,638,184$53,745,914$330,289,592
93$595,670,989$97,015,111$55,384,058$361,541,081
94$656,261,972$101,601,394$57,071,966$395,885,007
95$723,027,960$106,407,129$58,811,144$433,632,879
96$796,598,638$111,442,904$60,603,143$475,127,815
97$877,667,913$116,719,820$62,449,562$520,747,749
98$967,000,464$122,249,516$64,352,047$570,908,985
99$1,065,438,965$128,044,195$66,312,293$626,070,094
100$1,173,912,032$134,116,653$68,332,048$686,736,222