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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,450,181
2 years$772,646$758,256$744,310$730,788$717,673$660,976
3 years$509,981$495,529$481,618$468,223$455,321$400,643
4 years$378,674$364,266$350,494$337,328$324,739$272,496
5 years$299,910$285,589$271,998$259,101$246,861$197,189
6 years$247,418$233,205$219,815$207,205$195,333$148,265
7 years$209,939$195,845$182,667$170,354$158,858$114,381
8 years$181,842$167,875$154,916$142,906$131,788$89,860
9 years$160,000$146,166$133,429$121,724$110,985$71,547
10 years$142,537$128,838$116,327$104,928$94,564$57,544
11 years$128,259$114,697$102,412$91,318$81,329$46,644
12 years$116,368$102,946$90,888$80,099$70,478$38,041
13 years$106,315$93,033$81,203$70,715$61,458$31,175
14 years$97,706$84,564$72,961$62,773$53,874$25,648
15 years$90,251$77,251$65,874$55,982$47,435$21,167
16 years$83,734$70,876$59,724$50,126$41,923$17,514
17 years$77,990$65,274$54,347$45,038$37,172$14,521
18 years$72,890$60,317$49,612$40,588$33,051$12,061
19 years$68,332$55,901$45,417$36,675$29,459$10,031
20 years$64,235$51,946$41,681$33,216$26,314$8,353
21 years$60,533$48,385$38,339$30,146$23,548$6,962
22 years$57,172$45,166$35,335$27,409$21,107$5,808
23 years$54,108$42,243$32,626$24,962$18,947$4,848
24 years$51,303$39,579$30,173$22,767$17,030$4,049
25 years$48,727$37,143$27,947$20,792$15,324$3,383
26 years$46,353$34,908$25,919$19,011$13,804$2,828
27 years$44,158$32,853$24,068$17,402$12,445$2,365
28 years$42,124$30,957$22,374$15,944$11,230$1,978
29 years$40,233$29,204$20,821$14,621$10,140$1,654
30 years$38,472$27,580$19,394$13,418$9,162$1,384
31 years$36,828$26,073$18,081$12,323$8,283$1,158
32 years$35,289$24,670$16,870$11,326$7,493$970
33 years$33,847$23,363$15,751$10,415$6,781$812
34 years$32,493$22,143$14,717$9,582$6,140$679
35 years$31,218$21,002$13,759$8,821$5,561$569
36 years$30,018$19,934$12,872$8,124$5,038$476
37 years$28,884$18,933$12,048$7,485$4,566$399
38 years$27,813$17,993$11,282$6,899$4,140$334
39 years$26,800$17,109$10,570$6,362$3,754$280
40 years$25,839$16,278$9,907$5,868$3,405$234
41 years$24,928$15,495$9,290$5,414$3,089$196
42 years$24,062$14,757$8,714$4,996$2,803$164
43 years$23,239$14,061$8,177$4,612$2,544$137
44 years$22,456$13,403$7,676$4,258$2,309$115
45 years$21,709$12,781$7,207$3,933$2,096$96
46 years$20,997$12,192$6,769$3,633$1,903$81
47 years$20,318$11,635$6,360$3,356$1,728$68
48 years$19,668$11,107$5,976$3,101$1,570$57
49 years$19,047$10,607$5,617$2,866$1,426$47
50 years$18,453$10,132$5,281$2,649$1,295$40

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 $5,625 every year, while hoping to spend $23,268 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: 79/14/7 Blend
57$18,900,000$18,900,000$18,900,000$18,900,000
58$20,833,602$19,831,902$19,538,952$22,462,855
59$22,933,873$20,778,908$20,168,750$24,478,692
60$25,247,591$21,771,538$20,818,866$26,685,849
61$27,796,504$22,812,002$21,489,957$29,106,307
62$30,604,576$23,902,619$22,182,700$31,761,318
63$33,698,216$25,045,821$22,897,793$34,674,280
64$37,106,525$26,244,156$23,635,960$37,870,954
65$40,861,570$27,500,300$24,397,944$41,379,706
66$44,998,690$28,817,055$25,184,515$45,231,768
67$49,556,828$30,197,362$25,996,468$49,461,531
68$54,578,896$31,644,304$26,834,622$54,106,867
69$60,112,185$33,161,116$27,699,823$59,209,482
70$66,208,805$34,751,189$28,592,944$64,815,304
71$72,926,184$36,418,077$29,514,888$70,974,916
72$80,327,604$38,165,512$30,466,586$77,744,024
73$88,482,801$39,997,405$31,448,999$85,183,985
74$97,468,625$41,917,856$32,463,119$93,362,376
75$107,369,762$43,931,167$33,509,970$102,353,628
76$118,279,533$46,041,850$34,590,609$112,239,725
77$130,300,780$48,254,635$35,706,129$123,110,973
78$143,546,831$50,574,483$36,857,656$135,066,842
79$158,142,573$53,006,599$38,046,353$148,216,907
80$174,225,631$55,556,438$39,273,421$162,681,867
81$191,947,665$58,229,723$40,540,101$178,594,687
82$211,475,804$61,032,456$41,847,671$196,101,838
83$232,994,221$63,970,932$43,197,453$215,364,679
84$256,705,876$67,051,751$44,590,812$236,560,970
85$282,834,425$70,281,838$46,029,155$259,886,542
86$311,626,341$73,668,452$47,513,935$285,557,139
87$343,353,229$77,219,208$49,046,654$313,810,445
88$378,314,403$80,942,093$50,628,861$344,908,317
89$416,839,698$84,845,482$52,262,154$379,139,254
90$459,292,597$88,938,160$53,948,186$416,821,103
91$506,073,652$93,229,340$55,688,660$458,304,053
92$557,624,270$97,728,683$57,485,336$503,973,934
93$614,430,881$102,446,324$59,340,030$554,255,839
94$677,029,529$107,392,892$61,254,619$609,618,134
95$746,010,929$112,579,531$63,231,037$670,576,862
96$822,026,050$118,017,935$65,271,283$737,700,606
97$905,792,256$123,720,363$67,377,420$811,615,838
98$998,100,082$129,699,676$69,551,579$893,012,823
99$1,099,820,692$135,969,362$71,795,958$982,652,122
100$1,211,914,107$142,543,566$74,112,828$1,081,371,752