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%16.5%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,451,583
2 years$764,470$750,232$736,434$723,055$710,078$670,477
3 years$504,584$490,285$476,521$463,268$450,503$412,121
4 years$374,667$360,411$346,785$333,759$321,302$284,435
5 years$296,736$282,567$269,120$256,359$244,249$208,998
6 years$244,800$230,737$217,489$205,012$193,266$159,665
7 years$207,717$193,773$180,734$168,552$157,177$125,228
8 years$179,918$166,099$153,277$141,394$130,393$100,081
9 years$158,307$144,619$132,017$120,436$109,810$81,106
10 years$141,029$127,475$115,096$103,817$93,564$66,433
11 years$126,902$113,483$101,328$90,352$80,468$54,868
12 years$115,137$101,856$89,926$79,251$69,732$45,617
13 years$105,190$92,048$80,343$69,967$60,807$38,128
14 years$96,672$83,669$72,189$62,109$53,303$32,006
15 years$89,296$76,434$65,177$55,390$46,933$26,963
16 years$82,848$70,126$59,092$49,596$41,479$22,781
17 years$77,165$64,584$53,772$44,561$36,778$19,294
18 years$72,119$59,678$49,087$40,159$32,702$16,375
19 years$67,609$55,309$44,936$36,287$29,148$13,921
20 years$63,555$51,396$41,240$32,865$26,035$11,852
21 years$59,893$47,873$37,933$29,827$23,299$10,102
22 years$56,567$44,688$34,961$27,119$20,884$8,620
23 years$53,535$41,796$32,281$24,698$18,747$7,362
24 years$50,760$39,160$29,854$22,526$16,850$6,292
25 years$48,211$36,750$27,651$20,572$15,162$5,381
26 years$45,862$34,539$25,645$18,810$13,658$4,604
27 years$43,691$32,505$23,813$17,217$12,314$3,941
28 years$41,678$30,629$22,138$15,775$11,111$3,375
29 years$39,808$28,895$20,601$14,466$10,033$2,891
30 years$38,065$27,288$19,189$13,276$9,065$2,478
31 years$36,438$25,797$17,889$12,193$8,196$2,124
32 years$34,916$24,409$16,691$11,206$7,414$1,820
33 years$33,489$23,116$15,585$10,305$6,709$1,561
34 years$32,149$21,908$14,561$9,481$6,075$1,339
35 years$30,888$20,780$13,614$8,728$5,502$1,148
36 years$29,700$19,723$12,735$8,038$4,985$985
37 years$28,579$18,732$11,920$7,406$4,518$845
38 years$27,519$17,802$11,163$6,826$4,096$725
39 years$26,516$16,928$10,458$6,294$3,714$622
40 years$25,566$16,106$9,802$5,806$3,369$534
41 years$24,664$15,331$9,192$5,356$3,057$458
42 years$23,808$14,601$8,622$4,943$2,774$393
43 years$22,993$13,912$8,091$4,563$2,517$337
44 years$22,218$13,261$7,594$4,213$2,285$289
45 years$21,480$12,645$7,131$3,891$2,074$248
46 years$20,775$12,063$6,698$3,594$1,883$213
47 years$20,103$11,512$6,292$3,321$1,710$183
48 years$19,460$10,990$5,913$3,068$1,553$157
49 years$18,846$10,495$5,558$2,836$1,410$135
50 years$18,258$10,025$5,225$2,621$1,281$116

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 $5,135 every year, while hoping to spend $41,673 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: 38/41/21 Blend
57$18,700,000$18,700,000$18,700,000$18,700,000
58$20,612,697$19,621,597$19,331,747$21,266,142
59$22,670,852$20,538,715$19,935,021$22,656,661
60$24,937,543$21,499,376$20,557,107$24,154,137
61$27,433,995$22,505,668$21,198,593$25,771,667
62$30,183,599$23,559,783$21,860,083$27,520,120
63$33,212,130$24,664,016$22,542,199$29,411,412
64$36,547,990$25,820,775$23,245,586$31,458,611
65$40,222,477$27,032,585$23,970,905$33,676,053
66$44,270,079$28,302,091$24,718,839$36,079,467
67$48,728,801$29,632,068$25,490,095$38,686,115
68$53,640,522$31,025,423$26,285,397$41,514,942
69$59,051,393$32,485,206$27,105,495$44,586,748
70$65,012,268$34,014,614$27,951,162$47,924,372
71$71,579,188$35,616,999$28,823,194$51,552,896
72$78,813,907$37,295,874$29,722,414$55,499,870
73$86,784,477$39,054,923$30,649,666$59,795,560
74$95,565,890$40,898,010$31,605,826$64,473,219
75$105,240,782$42,829,184$32,591,792$69,569,392
76$115,900,219$44,852,692$33,608,495$75,124,239
77$127,644,553$46,972,985$34,656,890$81,181,907
78$140,584,367$49,194,731$35,737,966$87,790,927
79$154,841,525$51,522,825$36,852,741$95,004,656
80$170,550,316$53,962,399$38,002,263$102,881,763
81$187,858,725$56,518,833$39,187,615$111,486,768
82$206,929,828$59,197,769$40,409,913$120,890,630
83$227,943,333$62,005,123$41,670,308$131,171,398
84$251,097,276$64,947,096$42,969,986$142,414,926
85$276,609,888$68,030,194$44,310,171$154,715,664
86$304,721,658$71,261,235$45,692,123$168,177,525
87$335,697,602$74,647,370$47,117,144$182,914,846
88$369,829,763$78,196,098$48,586,575$199,053,440
89$407,439,972$81,915,280$50,101,798$216,731,757
90$448,882,881$85,813,160$51,664,240$236,102,166
91$494,549,314$89,898,384$53,275,371$257,332,368
92$544,869,954$94,180,015$54,936,706$280,606,942
93$600,319,414$98,667,560$56,649,810$306,129,065
94$661,420,708$103,370,985$58,416,293$334,122,393
95$728,750,200$108,300,742$60,237,818$364,833,137
96$802,943,034$113,467,792$62,116,098$398,532,358
97$884,699,136$118,883,627$64,052,901$435,518,484
98$974,789,823$124,560,299$66,050,048$476,120,089
99$1,074,065,077$130,510,447$68,109,417$520,698,958
100$1,183,461,579$136,747,322$70,232,946$569,653,453