Can I retire at age 58 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,260,857
2 years$670,444$657,958$645,856$634,123$622,742$575,997
3 years$442,523$429,982$417,912$406,289$395,093$349,974
4 years$328,585$316,083$304,133$292,708$281,784$238,634
5 years$260,239$247,813$236,019$224,828$214,208$173,141
6 years$214,691$202,358$190,739$179,797$169,495$130,543
7 years$182,169$169,940$158,505$147,821$137,845$100,997
8 years$157,789$145,670$134,425$124,003$114,356$79,582
9 years$138,836$126,832$115,780$105,623$96,304$63,558
10 years$123,683$111,796$100,940$91,048$82,056$51,281
11 years$111,293$99,525$88,866$79,239$70,571$41,703
12 years$100,976$89,329$78,866$69,503$61,155$34,125
13 years$92,252$80,727$70,462$61,361$53,328$28,061
14 years$84,782$73,379$63,310$54,470$46,747$23,167
15 years$78,313$67,033$57,160$48,577$41,160$19,188
16 years$72,658$61,501$51,824$43,496$36,377$15,934
17 years$67,674$56,640$47,158$39,081$32,255$13,260
18 years$63,249$52,338$43,049$35,219$28,679$11,055
19 years$59,294$48,506$39,409$31,824$25,563$9,229
20 years$55,738$45,075$36,168$28,823$22,833$7,715
21 years$52,526$41,985$33,268$26,158$20,433$6,455
22 years$49,610$39,192$30,661$23,784$18,315$5,406
23 years$46,951$36,655$28,310$21,660$16,441$4,530
24 years$44,517$34,343$26,182$19,756$14,777$3,799
25 years$42,282$32,230$24,250$18,042$13,297$3,187
26 years$40,222$30,291$22,491$16,497$11,978$2,675
27 years$38,317$28,507$20,885$15,100$10,799$2,245
28 years$36,552$26,862$19,415$13,835$9,744$1,886
29 years$34,912$25,341$18,067$12,687$8,799$1,584
30 years$33,383$23,932$16,829$11,643$7,950$1,331
31 years$31,956$22,624$15,689$10,693$7,188$1,118
32 years$30,621$21,407$14,638$9,827$6,502$940
33 years$29,370$20,273$13,668$9,037$5,884$790
34 years$28,195$19,214$12,770$8,315$5,327$664
35 years$27,089$18,224$11,939$7,654$4,825$558
36 years$26,047$17,297$11,169$7,049$4,372$469
37 years$25,064$16,428$10,454$6,495$3,962$395
38 years$24,134$15,613$9,790$5,987$3,592$332
39 years$23,255$14,846$9,172$5,520$3,258$279
40 years$22,421$14,125$8,597$5,091$2,955$235
41 years$21,631$13,446$8,061$4,698$2,681$197
42 years$20,880$12,805$7,562$4,335$2,432$166
43 years$20,165$12,201$7,096$4,002$2,208$139
44 years$19,486$11,630$6,660$3,695$2,004$117
45 years$18,838$11,090$6,254$3,413$1,819$99
46 years$18,220$10,580$5,874$3,152$1,652$83
47 years$17,630$10,096$5,518$2,912$1,500$70
48 years$17,067$9,638$5,186$2,691$1,362$59
49 years$16,528$9,204$4,874$2,487$1,237$49
50 years$16,012$8,792$4,582$2,299$1,124$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,400,000, adding $2,712 every year, while hoping to spend $57,942 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: 40/48/12 Blend
57$16,400,000$16,400,000$16,400,000$16,400,000
58$18,075,597$17,206,397$16,952,197$18,733,709
59$19,857,659$17,987,861$17,458,446$19,979,913
60$21,819,548$18,805,674$17,979,712$21,321,280
61$23,979,547$19,661,558$18,516,438$22,771,063
62$26,357,799$20,557,313$19,069,077$24,339,107
63$28,976,502$21,494,828$19,638,099$26,036,205
64$31,860,115$22,476,084$20,223,984$27,874,195
65$35,035,588$23,503,154$20,827,229$29,866,063
66$38,532,620$24,578,210$21,448,343$32,026,057
67$42,383,936$25,703,532$22,087,852$34,369,816
68$46,625,598$26,881,505$22,746,296$36,914,505
69$51,297,343$28,114,632$23,424,230$39,678,966
70$56,442,957$29,405,534$24,122,227$42,683,895
71$62,110,692$30,756,959$24,840,875$45,952,015
72$68,353,719$32,171,786$25,580,780$49,508,291
73$75,230,628$33,653,034$26,342,566$53,380,145
74$82,805,983$35,203,864$27,126,874$57,597,711
75$91,150,933$36,827,593$27,934,364$62,194,101
76$100,343,878$38,527,695$28,765,715$67,205,709
77$110,471,214$40,307,812$29,621,626$72,672,537
78$121,628,143$42,171,761$30,502,816$78,638,565
79$133,919,579$44,123,542$31,410,026$85,152,142
80$147,461,131$46,167,350$32,344,016$92,266,436
81$162,380,195$48,307,579$33,305,570$100,039,915
82$178,817,163$50,548,838$34,295,494$108,536,881
83$196,926,737$52,895,955$35,314,617$117,828,065
84$216,879,401$55,353,993$36,363,793$127,991,269
85$238,863,019$57,928,259$37,443,900$139,112,085
86$263,084,618$60,624,314$38,555,840$151,284,683
87$289,772,332$63,447,988$39,700,545$164,612,677
88$319,177,566$66,405,396$40,878,969$179,210,082
89$351,577,359$69,502,942$42,092,096$195,202,366
90$387,277,008$72,747,344$43,340,939$212,727,610
91$426,612,942$76,145,643$44,626,540$231,937,789
92$469,955,901$79,705,219$45,949,969$253,000,173
93$517,714,439$83,433,810$47,312,328$276,098,886
94$570,338,773$87,339,528$48,714,752$301,436,609
95$628,325,039$91,430,877$50,158,408$329,236,466
96$692,219,973$95,716,770$51,644,495$359,744,095
97$762,626,073$100,206,554$53,174,247$393,229,938
98$840,207,284$104,910,026$54,748,936$429,991,753
99$925,695,269$109,837,460$56,369,868$470,357,391
100$1,019,896,314$114,999,623$58,038,386$514,687,852