Can I retire at age 58 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,314,496
2 years$682,708$669,993$657,671$645,723$634,134$616,845
3 years$450,618$437,848$425,556$413,721$402,321$385,464
4 years$334,595$321,865$309,696$298,063$286,938$270,645
5 years$265,000$252,346$240,337$228,941$218,126$202,444
6 years$218,618$206,059$194,228$183,086$172,596$157,543
7 years$185,501$173,048$161,404$150,525$140,367$125,948
8 years$160,675$148,334$136,884$126,272$116,448$102,663
9 years$141,376$129,152$117,898$107,555$98,066$84,909
10 years$125,946$113,841$102,786$92,714$83,557$71,018
11 years$113,329$101,346$90,491$80,689$71,862$59,929
12 years$102,823$90,963$80,309$70,775$62,274$50,935
13 years$93,940$82,204$71,750$62,484$54,304$43,543
14 years$86,333$74,721$64,468$55,466$47,603$37,404
15 years$79,745$68,259$58,206$49,466$41,913$32,260
16 years$73,987$62,626$52,772$44,291$37,043$27,918
17 years$68,912$57,676$48,021$39,795$32,845$24,229
18 years$64,405$53,296$43,837$35,864$29,204$21,079
19 years$60,378$49,394$40,130$32,406$26,030$18,377
20 years$56,758$45,899$36,830$29,350$23,251$16,050
21 years$53,487$42,753$33,876$26,637$20,807$14,040
22 years$50,517$39,909$31,222$24,219$18,650$12,297
23 years$47,810$37,326$28,828$22,057$16,742$10,784
24 years$45,332$34,972$26,661$20,117$15,048$9,466
25 years$43,055$32,819$24,694$18,372$13,541$8,317
26 years$40,957$30,845$22,902$16,798$12,197$7,312
27 years$39,018$29,029$21,267$15,376$10,997$6,434
28 years$37,221$27,353$19,770$14,088$9,922$5,664
29 years$35,550$25,805$18,398$12,919$8,960$4,989
30 years$33,994$24,370$17,137$11,856$8,096$4,396
31 years$32,541$23,038$15,976$10,889$7,319$3,876
32 years$31,182$21,798$14,906$10,007$6,621$3,418
33 years$29,907$20,643$13,918$9,202$5,992$3,015
34 years$28,710$19,565$13,004$8,467$5,425$2,660
35 years$27,584$18,557$12,158$7,794$4,914$2,348
36 years$26,523$17,614$11,373$7,178$4,452$2,073
37 years$25,522$16,729$10,645$6,614$4,035$1,830
38 years$24,576$15,898$9,969$6,096$3,658$1,616
39 years$23,680$15,118$9,340$5,621$3,317$1,427
40 years$22,832$14,383$8,754$5,185$3,009$1,261
41 years$22,026$13,692$8,209$4,783$2,730$1,114
42 years$21,262$13,039$7,700$4,415$2,477$984
43 years$20,534$12,424$7,225$4,075$2,248$870
44 years$19,842$11,843$6,782$3,763$2,040$768
45 years$19,182$11,293$6,368$3,475$1,852$679
46 years$18,553$10,773$5,981$3,210$1,682$600
47 years$17,953$10,281$5,619$2,966$1,527$530
48 years$17,379$9,814$5,281$2,740$1,387$469
49 years$16,830$9,372$4,963$2,533$1,260$414
50 years$16,305$8,953$4,666$2,341$1,144$366

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $16,700,000, adding $4,511 every year, while hoping to spend $21,119 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: 45/43/12 Blend
57$16,700,000$16,700,000$16,700,000$16,700,000
58$18,408,053$17,522,953$17,264,103$19,173,396
59$20,263,204$18,359,107$17,819,980$20,541,395
60$22,306,873$19,235,525$18,393,771$22,021,387
61$24,558,265$20,154,158$18,986,054$23,625,727
62$27,038,547$21,117,050$19,597,425$25,365,906
63$29,771,040$22,126,347$20,228,501$27,254,535
64$32,781,447$23,184,298$20,879,916$29,305,451
65$36,098,088$24,293,263$21,552,327$31,533,845
66$39,752,174$25,455,714$22,246,411$33,956,394
67$43,778,098$26,674,246$22,962,868$36,591,410
68$48,213,758$27,951,578$23,702,418$39,459,004
69$53,100,921$29,290,565$24,465,808$42,581,266
70$58,485,608$30,694,196$25,253,807$45,982,465
71$64,418,538$32,165,610$26,067,207$49,689,264
72$70,955,601$33,708,096$26,906,830$53,730,965
73$78,158,384$35,325,104$27,773,521$58,139,772
74$86,094,758$37,020,254$28,668,153$62,951,081
75$94,839,515$38,797,338$29,591,628$68,203,805
76$104,475,075$40,660,337$30,544,877$73,940,726
77$115,092,263$42,613,424$31,528,860$80,208,888
78$126,791,167$44,660,975$32,544,571$87,060,019
79$139,682,084$46,807,580$33,593,031$94,551,014
80$153,886,558$49,058,053$34,675,299$102,744,450
81$169,538,530$51,417,441$35,792,465$111,709,159
82$186,785,603$53,891,038$36,945,655$121,520,867
83$205,790,433$56,484,398$38,136,034$132,262,882
84$226,732,266$59,203,342$39,364,799$144,026,868
85$249,808,629$62,053,978$40,633,192$156,913,688
86$275,237,196$65,042,709$41,942,490$171,034,333
87$303,257,841$68,176,253$43,294,015$186,510,951
88$334,134,905$71,461,654$44,689,129$203,477,974
89$368,159,690$74,906,299$46,129,239$222,083,367
90$405,653,208$78,517,937$47,615,798$242,489,995
91$446,969,213$82,304,695$49,150,306$264,877,136
92$492,497,542$86,275,094$50,734,310$289,442,146
93$542,667,790$90,438,072$52,369,408$316,402,291
94$597,953,372$94,803,005$54,057,251$345,996,772
95$658,875,988$99,379,724$55,799,540$378,488,945
96$726,010,548$104,178,540$57,598,035$414,168,779
97$799,990,604$109,210,269$59,454,549$453,355,553
98$881,514,325$114,486,251$61,370,956$496,400,840
99$971,351,094$120,018,385$63,349,190$543,691,782
100$1,070,348,765$125,819,146$65,391,248$595,654,706