Can I retire at age 58 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,272,506
2 years$662,268$649,934$637,980$626,390$615,148$595,743
3 years$437,126$424,739$412,815$401,334$390,275$371,372
4 years$324,577$312,228$300,424$289,139$278,348$260,093
5 years$257,066$244,791$233,141$222,086$211,595$194,042
6 years$212,073$199,890$188,413$177,604$167,428$150,597
7 years$179,948$167,867$156,572$146,018$136,164$120,060
8 years$155,865$143,893$132,785$122,491$112,961$97,582
9 years$137,143$125,285$114,368$104,335$95,130$80,468
10 years$122,175$110,433$99,709$89,938$81,055$67,099
11 years$109,936$98,312$87,782$78,273$69,710$56,446
12 years$99,744$88,239$77,904$68,656$60,409$47,821
13 years$91,127$79,742$69,602$60,613$52,678$40,748
14 years$83,748$72,484$62,538$53,805$46,177$34,886
15 years$77,358$66,215$56,463$47,985$40,658$29,986
16 years$71,772$60,751$51,192$42,965$35,934$25,860
17 years$66,849$55,950$46,583$38,604$31,861$22,364
18 years$62,477$51,700$42,524$34,790$28,330$19,387
19 years$58,570$47,915$38,929$31,436$25,251$16,840
20 years$55,059$44,525$35,727$28,471$22,555$14,653
21 years$51,886$41,473$32,862$25,839$20,184$12,769
22 years$49,005$38,714$30,287$23,494$18,092$11,142
23 years$46,378$36,208$27,965$21,396$16,240$9,733
24 years$43,974$33,925$25,863$19,515$14,597$8,511
25 years$41,766$31,837$23,954$17,822$13,135$7,448
26 years$39,731$29,921$22,216$16,295$11,832$6,523
27 years$37,850$28,159$20,630$14,916$10,667$5,716
28 years$36,106$26,534$19,178$13,666$9,625$5,012
29 years$34,486$25,032$17,847$12,532$8,691$4,397
30 years$32,976$23,640$16,624$11,501$7,853$3,859
31 years$31,567$22,348$15,498$10,563$7,100$3,388
32 years$30,248$21,146$14,460$9,708$6,423$2,975
33 years$29,012$20,025$13,501$8,927$5,812$2,614
34 years$27,851$18,979$12,615$8,214$5,262$2,296
35 years$26,759$18,002$11,794$7,561$4,766$2,018
36 years$25,729$17,086$11,033$6,964$4,319$1,774
37 years$24,758$16,228$10,327$6,416$3,914$1,560
38 years$23,840$15,422$9,670$5,914$3,549$1,372
39 years$22,971$14,665$9,060$5,453$3,218$1,206
40 years$22,148$13,953$8,492$5,029$2,919$1,061
41 years$21,367$13,282$7,963$4,640$2,648$933
42 years$20,625$12,649$7,469$4,282$2,403$821
43 years$19,919$12,052$7,009$3,953$2,181$722
44 years$19,248$11,488$6,579$3,650$1,979$636
45 years$18,608$10,955$6,178$3,371$1,797$559
46 years$17,998$10,451$5,802$3,114$1,631$492
47 years$17,415$9,973$5,451$2,877$1,481$433
48 years$16,858$9,521$5,122$2,658$1,345$381
49 years$16,326$9,092$4,815$2,457$1,222$335
50 years$15,817$8,685$4,527$2,271$1,110$295

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,200,000, adding $2,660 every year, while hoping to spend $30,698 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: 47/31/22 Blend
57$16,200,000$16,200,000$16,200,000$16,200,000
58$17,855,144$16,996,544$16,745,444$18,582,217
59$19,643,706$17,796,712$17,273,754$19,891,410
60$21,613,673$18,635,060$17,818,733$21,308,341
61$23,783,515$19,513,425$18,380,908$22,845,721
62$26,173,586$20,433,735$18,960,821$24,514,843
63$28,806,315$21,398,012$19,559,032$26,328,107
64$31,706,418$22,408,373$20,176,119$28,299,134
65$34,901,130$23,467,041$20,812,676$30,442,890
66$38,420,464$24,576,344$21,469,319$32,775,816
67$42,297,490$25,738,725$22,146,681$35,315,980
68$46,568,656$26,956,743$22,845,415$38,083,239
69$51,274,119$28,233,085$23,566,198$41,099,421
70$56,458,138$29,570,564$24,309,723$44,388,520
71$62,169,478$30,972,132$25,076,710$47,976,920
72$68,461,883$32,440,885$25,867,898$51,893,629
73$75,394,574$33,980,066$26,684,051$56,170,551
74$83,032,810$35,593,079$27,525,956$60,842,771
75$91,448,508$37,283,492$28,394,427$65,948,882
76$100,720,918$39,055,045$29,290,303$71,531,340
77$110,937,370$40,911,661$30,214,446$77,636,847
78$122,194,103$42,857,453$31,167,751$84,316,791
79$134,597,167$44,896,734$32,151,136$91,627,711
80$148,263,431$47,034,026$33,165,552$99,631,824
81$163,321,680$49,274,073$34,211,977$108,397,600
82$179,913,835$51,621,846$35,291,422$118,000,390
83$198,196,290$54,082,561$36,404,929$128,523,130
84$218,341,390$56,661,684$37,553,572$140,057,108
85$240,539,056$59,364,951$38,738,461$152,702,808
86$264,998,579$62,198,374$39,960,740$166,570,847
87$291,950,597$65,168,257$41,221,587$181,782,998
88$321,649,269$68,281,212$42,522,221$198,473,328
89$354,374,677$71,544,173$43,863,897$216,789,443
90$390,435,467$74,964,411$45,247,911$236,893,863
91$430,171,766$78,549,549$46,675,598$258,965,536
92$473,958,393$82,307,584$48,148,337$283,201,509
93$522,208,392$86,246,899$49,667,550$309,818,764
94$575,376,938$90,376,286$51,234,703$339,056,248
95$633,965,630$94,704,968$52,851,309$371,177,102
96$698,527,225$99,242,613$54,518,929$406,471,119
97$769,670,862$103,999,361$56,239,173$445,257,462
98$848,067,806$108,985,846$58,013,702$487,887,641
99$934,457,790$114,213,220$59,844,229$534,748,809
100$1,029,655,996$119,693,178$61,732,521$586,267,387