Can I retire at age 58 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,447,316
2 years$772,646$758,256$744,310$730,788$717,673$658,170
3 years$509,981$495,529$481,618$468,223$455,321$397,986
4 years$378,674$364,266$350,494$337,328$324,739$270,007
5 years$299,910$285,589$271,998$259,101$246,861$194,873
6 years$247,418$233,205$219,815$207,205$195,333$146,120
7 years$209,939$195,845$182,667$170,354$158,858$112,404
8 years$181,842$167,875$154,916$142,906$131,788$88,045
9 years$160,000$146,166$133,429$121,724$110,985$69,886
10 years$142,537$128,838$116,327$104,928$94,564$56,031
11 years$128,259$114,697$102,412$91,318$81,329$45,269
12 years$116,368$102,946$90,888$80,099$70,478$36,796
13 years$106,315$93,033$81,203$70,715$61,458$30,052
14 years$97,706$84,564$72,961$62,773$53,874$24,637
15 years$90,251$77,251$65,874$55,982$47,435$20,261
16 years$83,734$70,876$59,724$50,126$41,923$16,703
17 years$77,990$65,274$54,347$45,038$37,172$13,798
18 years$72,890$60,317$49,612$40,588$33,051$11,417
19 years$68,332$55,901$45,417$36,675$29,459$9,460
20 years$64,235$51,946$41,681$33,216$26,314$7,847
21 years$60,533$48,385$38,339$30,146$23,548$6,515
22 years$57,172$45,166$35,335$27,409$21,107$5,414
23 years$54,108$42,243$32,626$24,962$18,947$4,501
24 years$51,303$39,579$30,173$22,767$17,030$3,744
25 years$48,727$37,143$27,947$20,792$15,324$3,116
26 years$46,353$34,908$25,919$19,011$13,804$2,594
27 years$44,158$32,853$24,068$17,402$12,445$2,160
28 years$42,124$30,957$22,374$15,944$11,230$1,800
29 years$40,233$29,204$20,821$14,621$10,140$1,499
30 years$38,472$27,580$19,394$13,418$9,162$1,249
31 years$36,828$26,073$18,081$12,323$8,283$1,041
32 years$35,289$24,670$16,870$11,326$7,493$868
33 years$33,847$23,363$15,751$10,415$6,781$724
34 years$32,493$22,143$14,717$9,582$6,140$603
35 years$31,218$21,002$13,759$8,821$5,561$503
36 years$30,018$19,934$12,872$8,124$5,038$419
37 years$28,884$18,933$12,048$7,485$4,566$350
38 years$27,813$17,993$11,282$6,899$4,140$292
39 years$26,800$17,109$10,570$6,362$3,754$243
40 years$25,839$16,278$9,907$5,868$3,405$203
41 years$24,928$15,495$9,290$5,414$3,089$169
42 years$24,062$14,757$8,714$4,996$2,803$141
43 years$23,239$14,061$8,177$4,612$2,544$118
44 years$22,456$13,403$7,676$4,258$2,309$98
45 years$21,709$12,781$7,207$3,933$2,096$82
46 years$20,997$12,192$6,769$3,633$1,903$68
47 years$20,318$11,635$6,360$3,356$1,728$57
48 years$19,668$11,107$5,976$3,101$1,570$47
49 years$19,047$10,607$5,617$2,866$1,426$40
50 years$18,453$10,132$5,281$2,649$1,295$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,900,000, adding $6,548 every year, while hoping to spend $51,772 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: 72/13/15 Blend
57$18,900,000$18,900,000$18,900,000$18,900,000
58$20,834,554$19,832,854$19,539,904$22,264,176
59$22,904,594$20,749,579$20,139,406$24,129,826
60$25,184,042$21,709,488$20,757,256$26,165,263
61$27,694,204$22,714,643$21,394,014$28,392,865
62$30,458,557$23,767,204$22,050,257$30,831,641
63$33,502,969$24,869,437$22,726,580$33,502,520
64$36,855,947$26,023,714$23,423,596$36,428,537
65$40,548,903$27,232,525$24,141,935$39,635,053
66$44,616,449$28,498,478$24,882,249$43,149,990
67$49,096,730$29,824,306$25,645,207$47,004,087
68$54,031,776$31,212,876$26,431,500$51,231,193
69$59,467,902$32,667,192$27,241,841$55,868,576
70$65,456,147$34,190,403$28,076,961$60,957,274
71$72,052,752$35,785,812$28,937,618$66,542,481
72$79,319,694$37,456,877$29,824,589$72,673,963
73$87,325,267$39,207,228$30,738,677$79,406,527
74$96,144,729$41,040,668$31,680,708$86,800,533
75$105,861,014$42,961,183$32,651,534$94,922,459
76$116,565,510$44,972,953$33,652,033$103,845,524
77$128,358,924$47,080,360$34,683,108$113,650,369
78$141,352,235$49,287,998$35,745,692$124,425,821
79$155,667,735$51,600,682$36,840,745$136,269,719
80$171,440,189$54,023,461$37,969,256$149,289,830
81$188,818,106$56,561,629$39,132,244$163,604,869
82$207,965,138$59,220,733$40,330,758$179,345,603
83$229,061,625$62,006,592$41,565,882$196,656,083
84$252,306,302$64,925,306$42,838,730$215,694,997
85$277,918,168$67,983,270$44,150,451$236,637,160
86$306,138,558$71,187,187$45,502,228$259,675,153
87$337,233,419$74,544,087$46,895,281$285,021,138
88$371,495,821$78,061,340$48,330,865$312,908,849
89$409,248,722$81,746,673$49,810,277$343,595,787
90$450,848,020$85,608,188$51,334,849$377,365,649
91$496,685,907$89,654,379$52,905,957$414,530,987
92$547,194,578$93,894,152$54,525,015$455,436,157
93$602,850,305$98,336,846$56,193,482$500,460,551
94$664,177,935$102,992,250$57,912,863$550,022,173
95$731,755,846$107,870,632$59,684,705$604,581,571
96$806,221,404$112,982,755$61,510,605$664,646,173
97$888,276,983$118,339,905$63,392,205$730,775,065
98$978,696,592$123,953,917$65,331,201$803,584,253
99$1,078,333,185$129,837,199$67,329,337$883,752,469
100$1,188,126,711$136,002,763$69,388,411$972,027,559