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%14.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,477,287
2 years$772,646$758,256$744,310$730,788$717,673$687,750
3 years$509,981$495,529$481,618$468,223$455,321$426,234
4 years$378,674$364,266$350,494$337,328$324,739$296,712
5 years$299,910$285,589$271,998$259,101$246,861$219,974
6 years$247,418$233,205$219,815$207,205$195,333$169,615
7 years$209,939$195,845$182,667$170,354$158,858$134,315
8 years$181,842$167,875$154,916$142,906$131,788$108,413
9 years$160,000$146,166$133,429$121,724$110,985$88,762
10 years$142,537$128,838$116,327$104,928$94,564$73,473
11 years$128,259$114,697$102,412$91,318$81,329$61,344
12 years$116,368$102,946$90,888$80,099$70,478$51,570
13 years$106,315$93,033$81,203$70,715$61,458$43,596
14 years$97,706$84,564$72,961$62,773$53,874$37,024
15 years$90,251$77,251$65,874$55,982$47,435$31,562
16 years$83,734$70,876$59,724$50,126$41,923$26,990
17 years$77,990$65,274$54,347$45,038$37,172$23,142
18 years$72,890$60,317$49,612$40,588$33,051$19,888
19 years$68,332$55,901$45,417$36,675$29,459$17,123
20 years$64,235$51,946$41,681$33,216$26,314$14,766
21 years$60,533$48,385$38,339$30,146$23,548$12,752
22 years$57,172$45,166$35,335$27,409$21,107$11,025
23 years$54,108$42,243$32,626$24,962$18,947$9,541
24 years$51,303$39,579$30,173$22,767$17,030$8,265
25 years$48,727$37,143$27,947$20,792$15,324$7,164
26 years$46,353$34,908$25,919$19,011$13,804$6,215
27 years$44,158$32,853$24,068$17,402$12,445$5,394
28 years$42,124$30,957$22,374$15,944$11,230$4,683
29 years$40,233$29,204$20,821$14,621$10,140$4,068
30 years$38,472$27,580$19,394$13,418$9,162$3,535
31 years$36,828$26,073$18,081$12,323$8,283$3,073
32 years$35,289$24,670$16,870$11,326$7,493$2,672
33 years$33,847$23,363$15,751$10,415$6,781$2,324
34 years$32,493$22,143$14,717$9,582$6,140$2,022
35 years$31,218$21,002$13,759$8,821$5,561$1,759
36 years$30,018$19,934$12,872$8,124$5,038$1,531
37 years$28,884$18,933$12,048$7,485$4,566$1,332
38 years$27,813$17,993$11,282$6,899$4,140$1,159
39 years$26,800$17,109$10,570$6,362$3,754$1,009
40 years$25,839$16,278$9,907$5,868$3,405$879
41 years$24,928$15,495$9,290$5,414$3,089$765
42 years$24,062$14,757$8,714$4,996$2,803$666
43 years$23,239$14,061$8,177$4,612$2,544$580
44 years$22,456$13,403$7,676$4,258$2,309$505
45 years$21,709$12,781$7,207$3,933$2,096$440
46 years$20,997$12,192$6,769$3,633$1,903$383
47 years$20,318$11,635$6,360$3,356$1,728$334
48 years$19,668$11,107$5,976$3,101$1,570$290
49 years$19,047$10,607$5,617$2,866$1,426$253
50 years$18,453$10,132$5,281$2,649$1,295$220

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 $6,227 every year, while hoping to spend $31,720 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: 66/18/16 Blend
57$18,900,000$18,900,000$18,900,000$18,900,000
58$20,834,223$19,832,523$19,539,573$22,128,465
59$22,925,564$20,770,567$20,160,399$23,932,594
60$25,229,159$21,753,512$20,800,959$25,899,654
61$27,766,623$22,783,524$21,461,882$28,049,069
62$30,561,778$23,862,876$22,143,814$30,398,701
63$33,640,872$24,993,950$22,847,425$32,968,201
64$37,032,830$26,179,242$23,573,402$35,779,192
65$40,769,526$27,421,373$24,322,459$38,855,470
66$44,886,085$28,723,087$25,095,328$42,223,221
67$49,421,211$30,087,264$25,892,768$45,911,266
68$54,417,559$31,516,924$26,715,559$49,951,325
69$59,922,128$33,015,231$27,564,508$54,378,316
70$65,986,713$34,585,506$28,440,448$59,230,673
71$72,668,391$36,231,229$29,344,236$64,550,709
72$80,030,058$37,956,050$30,276,759$70,385,004
73$88,141,023$39,763,796$31,238,930$76,784,844
74$97,077,666$41,658,480$32,231,692$83,806,695
75$106,924,154$43,644,311$33,256,020$91,512,728
76$117,773,237$45,725,702$34,312,916$99,971,401
77$129,727,125$47,907,280$35,403,417$109,258,101
78$142,898,452$50,193,897$36,528,591$119,455,840
79$157,411,338$52,590,641$37,689,543$130,656,037
80$173,402,561$55,102,850$38,887,410$142,959,369
81$191,022,851$57,736,117$40,123,366$156,476,715
82$210,438,306$60,496,312$41,398,623$171,330,192
83$231,831,968$63,389,586$42,714,432$187,654,298
84$255,405,546$66,422,393$44,072,083$205,597,170
85$281,381,321$69,601,499$45,472,906$225,321,978
86$310,004,243$72,934,000$46,918,276$247,008,445
87$341,544,247$76,427,338$48,409,610$270,854,540
88$376,298,798$80,089,315$49,948,370$297,078,330
89$414,595,701$83,928,116$51,536,065$325,920,030
90$456,796,191$87,952,323$53,174,252$357,644,252
91$503,298,351$92,170,935$54,864,538$392,542,493
92$554,540,863$96,593,391$56,608,580$430,935,874
93$611,007,153$101,229,589$58,408,090$473,178,151
94$673,229,953$106,089,910$60,264,831$519,659,043
95$741,796,331$111,185,238$62,180,625$570,807,893
96$817,353,232$116,526,990$64,157,352$627,097,704
97$900,613,588$122,127,139$66,196,949$689,049,587
98$992,363,046$127,998,240$68,301,419$757,237,661
99$1,093,467,384$134,153,462$70,472,824$832,294,451
100$1,204,880,690$140,606,614$72,713,296$914,916,845