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%13.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,483,366
2 years$772,646$758,256$744,310$730,788$717,673$693,810
3 years$509,981$495,529$481,618$468,223$455,321$432,085
4 years$378,674$364,266$350,494$337,328$324,739$302,308
5 years$299,910$285,589$271,998$259,101$246,861$225,301
6 years$247,418$233,205$219,815$207,205$195,333$174,667
7 years$209,939$195,845$182,667$170,354$158,858$139,094
8 years$181,842$167,875$154,916$142,906$131,788$112,922
9 years$160,000$146,166$133,429$121,724$110,985$93,007
10 years$142,537$128,838$116,327$104,928$94,564$77,461
11 years$128,259$114,697$102,412$91,318$81,329$65,081
12 years$116,368$102,946$90,888$80,099$70,478$55,066
13 years$106,315$93,033$81,203$70,715$61,458$46,860
14 years$97,706$84,564$72,961$62,773$53,874$40,065
15 years$90,251$77,251$65,874$55,982$47,435$34,390
16 years$83,734$70,876$59,724$50,126$41,923$29,617
17 years$77,990$65,274$54,347$45,038$37,172$25,576
18 years$72,890$60,317$49,612$40,588$33,051$22,139
19 years$68,332$55,901$45,417$36,675$29,459$19,203
20 years$64,235$51,946$41,681$33,216$26,314$16,684
21 years$60,533$48,385$38,339$30,146$23,548$14,518
22 years$57,172$45,166$35,335$27,409$21,107$12,648
23 years$54,108$42,243$32,626$24,962$18,947$11,032
24 years$51,303$39,579$30,173$22,767$17,030$9,631
25 years$48,727$37,143$27,947$20,792$15,324$8,415
26 years$46,353$34,908$25,919$19,011$13,804$7,358
27 years$44,158$32,853$24,068$17,402$12,445$6,438
28 years$42,124$30,957$22,374$15,944$11,230$5,636
29 years$40,233$29,204$20,821$14,621$10,140$4,936
30 years$38,472$27,580$19,394$13,418$9,162$4,325
31 years$36,828$26,073$18,081$12,323$8,283$3,790
32 years$35,289$24,670$16,870$11,326$7,493$3,323
33 years$33,847$23,363$15,751$10,415$6,781$2,915
34 years$32,493$22,143$14,717$9,582$6,140$2,557
35 years$31,218$21,002$13,759$8,821$5,561$2,243
36 years$30,018$19,934$12,872$8,124$5,038$1,969
37 years$28,884$18,933$12,048$7,485$4,566$1,728
38 years$27,813$17,993$11,282$6,899$4,140$1,517
39 years$26,800$17,109$10,570$6,362$3,754$1,332
40 years$25,839$16,278$9,907$5,868$3,405$1,169
41 years$24,928$15,495$9,290$5,414$3,089$1,027
42 years$24,062$14,757$8,714$4,996$2,803$902
43 years$23,239$14,061$8,177$4,612$2,544$792
44 years$22,456$13,403$7,676$4,258$2,309$696
45 years$21,709$12,781$7,207$3,933$2,096$611
46 years$20,997$12,192$6,769$3,633$1,903$537
47 years$20,318$11,635$6,360$3,356$1,728$471
48 years$19,668$11,107$5,976$3,101$1,570$414
49 years$19,047$10,607$5,617$2,866$1,426$364
50 years$18,453$10,132$5,281$2,649$1,295$320

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 $3,067 every year, while hoping to spend $47,676 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: 43/38/19 Blend
57$18,900,000$18,900,000$18,900,000$18,900,000
58$20,830,964$19,829,264$19,536,314$21,611,332
59$22,904,995$20,750,171$20,140,053$23,083,488
60$25,188,980$21,714,604$20,762,420$24,672,540
61$27,704,283$22,724,647$21,403,988$26,393,160
62$30,474,446$23,782,481$22,065,349$28,257,489
63$33,525,413$24,890,396$22,747,111$30,278,852
64$36,885,769$26,050,790$23,449,903$32,471,875
65$40,587,016$27,266,177$24,174,373$34,852,614
66$44,663,865$28,539,193$24,921,188$37,438,700
67$49,154,568$29,872,601$25,691,036$40,249,496
68$54,101,274$31,269,299$26,484,627$43,306,268
69$59,550,432$32,732,323$27,302,689$46,632,381
70$65,553,225$34,264,856$28,145,979$50,253,505
71$72,166,055$35,870,235$29,015,270$54,197,850
72$79,451,076$37,551,960$29,911,365$58,496,421
73$87,476,777$39,313,697$30,835,088$63,183,295
74$96,318,634$41,159,294$31,787,288$68,295,937
75$106,059,815$43,092,780$32,768,843$73,875,538
76$116,791,972$45,118,382$33,780,655$79,967,388
77$128,616,102$47,240,532$34,823,656$86,621,297
78$141,643,501$49,463,874$35,898,805$93,892,043
79$155,996,814$51,793,280$37,007,090$101,839,878
80$171,811,193$54,233,855$38,149,533$110,531,083
81$189,235,575$56,790,954$39,327,182$120,038,571
82$208,434,082$59,470,189$40,541,121$130,442,565
83$229,587,576$62,277,446$41,792,466$141,831,333
84$252,895,363$65,218,894$43,082,368$154,302,004
85$278,577,074$68,301,005$44,412,011$167,961,465
86$306,874,741$71,530,559$45,782,619$182,927,348
87$338,055,078$74,914,670$47,195,450$199,329,122
88$372,412,002$78,460,795$48,651,804$217,309,289
89$410,269,404$82,176,752$50,153,017$237,024,709
90$451,984,210$86,070,739$51,700,470$258,648,052
91$497,949,746$90,151,353$53,295,583$282,369,408
92$548,599,457$94,427,605$54,939,821$308,398,047
93$604,410,991$98,908,948$56,634,695$336,964,373
94$665,910,715$103,605,289$58,381,760$368,322,066
95$733,678,680$108,527,020$60,182,621$402,750,446
96$808,354,097$113,685,035$62,038,930$440,557,078
97$890,641,372$119,090,760$63,952,392$482,080,639
98$981,316,757$124,756,172$65,924,762$527,694,086
99$1,081,235,675$130,693,833$67,957,850$577,808,131
100$1,191,340,798$136,916,915$70,053,522$632,875,086