Can I retire at age 58 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,450,569
2 years$768,558$754,244$740,372$726,922$713,875$665,399
3 years$507,282$492,907$479,070$465,746$452,912$406,049
4 years$376,670$362,339$348,640$335,544$323,021$278,130
5 years$298,323$284,078$270,559$257,730$245,555$202,757
6 years$246,109$231,971$218,652$206,108$194,299$153,630
7 years$208,828$194,809$181,701$169,453$158,017$119,472
8 years$180,880$166,987$154,097$142,150$131,091$94,641
9 years$159,154$145,392$132,723$121,080$110,397$76,002
10 years$141,783$128,156$115,711$104,372$94,064$61,670
11 years$127,580$114,090$101,870$90,835$80,898$50,446
12 years$115,753$102,401$90,407$79,675$70,105$41,527
13 years$105,753$92,541$80,773$70,341$61,133$34,358
14 years$97,189$84,117$72,575$62,441$53,589$28,544
15 years$89,773$76,842$65,525$55,686$47,184$23,793
16 years$83,291$70,501$59,408$49,861$41,701$19,887
17 years$77,577$64,929$54,059$44,800$36,975$16,660
18 years$72,504$59,997$49,349$40,373$32,876$13,983
19 years$67,971$55,605$45,177$36,481$29,303$11,754
20 years$63,895$51,671$41,461$33,040$26,174$9,893
21 years$60,213$48,129$38,136$29,986$23,423$8,336
22 years$56,870$44,927$35,148$27,264$20,996$7,030
23 years$53,822$42,019$32,453$24,830$18,847$5,933
24 years$51,032$39,369$30,014$22,647$16,940$5,011
25 years$48,469$36,946$27,799$20,682$15,243$4,234
26 years$46,108$34,723$25,782$18,911$13,731$3,579
27 years$43,925$32,679$23,941$17,309$12,379$3,027
28 years$41,901$30,793$22,256$15,859$11,170$2,561
29 years$40,021$29,050$20,711$14,543$10,086$2,167
30 years$38,269$27,434$19,292$13,347$9,114$1,834
31 years$36,633$25,935$17,985$12,258$8,240$1,553
32 years$35,103$24,539$16,780$11,266$7,453$1,315
33 years$33,668$23,239$15,668$10,360$6,745$1,113
34 years$32,321$22,026$14,639$9,532$6,107$943
35 years$31,053$20,891$13,687$8,775$5,531$798
36 years$29,859$19,828$12,804$8,081$5,012$676
37 years$28,732$18,833$11,984$7,446$4,542$573
38 years$27,666$17,898$11,222$6,863$4,118$485
39 years$26,658$17,019$10,514$6,328$3,734$411
40 years$25,703$16,192$9,855$5,837$3,387$348
41 years$24,796$15,413$9,241$5,385$3,073$295
42 years$23,935$14,679$8,668$4,970$2,788$250
43 years$23,116$13,986$8,134$4,588$2,531$212
44 years$22,337$13,332$7,635$4,236$2,297$180
45 years$21,594$12,713$7,169$3,912$2,085$152
46 years$20,886$12,128$6,733$3,614$1,893$129
47 years$20,210$11,574$6,326$3,338$1,719$109
48 years$19,564$11,049$5,945$3,085$1,561$93
49 years$18,946$10,551$5,588$2,851$1,418$78
50 years$18,355$10,079$5,253$2,635$1,288$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,800,000, adding $4,608 every year, while hoping to spend $59,922 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: 65/22/13 Blend
57$18,800,000$18,800,000$18,800,000$18,800,000
58$20,722,353$19,725,953$19,434,553$22,006,519
59$22,772,277$20,628,768$20,021,854$23,767,717
60$25,029,284$21,573,813$20,626,821$25,683,953
61$27,514,434$22,563,093$21,249,983$27,776,266
62$30,250,933$23,598,712$21,891,885$30,061,837
63$33,264,351$24,682,871$22,553,085$32,559,565
64$36,582,864$25,817,881$23,234,162$35,290,245
65$40,237,520$27,006,161$23,935,711$38,276,753
66$44,262,531$28,250,247$24,658,342$41,544,266
67$48,695,599$29,552,799$25,402,685$45,120,484
68$53,578,266$30,916,601$26,169,391$49,035,897
69$58,956,309$32,344,575$26,959,126$53,324,059
70$64,880,175$33,839,781$27,772,579$58,021,902
71$71,405,450$35,405,428$28,610,457$63,170,079
72$78,593,389$37,044,877$29,473,491$68,813,342
73$86,511,492$38,761,653$30,362,430$75,000,955
74$95,234,141$40,559,452$31,278,049$81,787,155
75$104,843,303$42,442,144$32,221,143$89,231,656
76$115,429,301$44,413,790$33,192,532$97,400,201
77$127,091,667$46,478,643$34,193,059$106,365,185
78$139,940,085$48,641,165$35,223,595$116,206,317
79$154,095,422$50,906,030$36,285,033$127,011,374
80$169,690,869$53,278,139$37,378,295$138,877,017
81$186,873,199$55,762,629$38,504,330$151,909,693
82$205,804,153$58,364,886$39,664,113$166,226,631
83$226,661,966$61,090,555$40,858,650$181,956,938
84$249,643,048$63,945,554$42,088,977$199,242,809
85$274,963,841$66,936,088$43,356,159$218,240,855
86$302,862,855$70,068,659$44,661,293$239,123,571
87$333,602,930$73,350,086$46,005,510$262,080,955
88$367,473,705$76,787,518$47,389,971$287,322,281
89$404,794,364$80,388,446$48,815,876$315,078,070
90$445,916,637$84,160,728$50,284,455$345,602,247
91$491,228,129$88,112,599$51,796,980$379,174,525
92$541,155,976$92,252,694$53,354,756$416,103,029
93$596,170,873$96,590,064$54,959,129$456,727,189
94$656,791,526$101,134,201$56,611,483$501,420,930
95$723,589,539$105,895,054$58,313,245$550,596,180
96$797,194,815$110,883,054$60,065,882$604,706,746
97$878,301,502$116,109,140$61,870,905$664,252,571
98$967,674,546$121,584,778$63,729,870$729,784,442
99$1,066,156,907$127,321,991$65,644,379$801,909,164
100$1,174,677,526$133,333,382$67,616,080$881,295,266