Can I retire at age 58 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,336,437
2 years$707,237$694,065$681,300$668,923$656,917$613,889
3 years$466,808$453,579$440,846$428,585$416,775$375,158
4 years$346,617$333,429$320,823$308,772$297,248$257,360
5 years$274,521$261,412$248,972$237,166$225,963$187,913
6 years$226,473$213,463$201,206$189,664$178,797$142,617
7 years$192,166$179,266$167,203$155,933$145,410$111,097
8 years$166,448$153,664$141,802$130,808$120,631$88,163
9 years$146,455$133,792$122,134$111,420$101,589$70,930
10 years$130,471$117,931$106,479$96,045$86,559$57,663
11 years$117,401$104,987$93,742$83,588$74,444$47,259
12 years$106,517$94,231$83,194$73,318$64,511$38,981
13 years$97,315$85,157$74,328$64,729$56,255$32,318
14 years$89,434$77,405$66,784$57,459$49,313$26,905
15 years$82,611$70,711$60,297$51,243$43,419$22,475
16 years$76,646$64,876$54,668$45,883$38,374$18,826
17 years$71,388$59,749$49,746$41,225$34,025$15,806
18 years$66,719$55,210$45,412$37,152$30,253$13,295
19 years$62,547$51,168$41,572$33,570$26,965$11,201
20 years$58,797$47,548$38,153$30,404$24,086$9,449
21 years$55,409$44,289$35,093$27,594$21,554$7,980
22 years$52,332$41,342$32,344$25,089$19,320$6,746
23 years$49,527$38,667$29,864$22,849$17,343$5,707
24 years$46,960$36,228$27,619$20,840$15,588$4,831
25 years$44,602$33,998$25,581$19,032$14,027$4,092
26 years$42,429$31,953$23,725$17,402$12,635$3,468
27 years$40,420$30,071$22,031$15,928$11,392$2,940
28 years$38,558$28,336$20,480$14,594$10,279$2,493
29 years$36,827$26,732$19,059$13,383$9,282$2,115
30 years$35,215$25,246$17,752$12,282$8,386$1,794
31 years$33,710$23,865$16,550$11,280$7,582$1,523
32 years$32,302$22,581$15,442$10,367$6,859$1,293
33 years$30,982$21,385$14,418$9,533$6,207$1,097
34 years$29,742$20,268$13,471$8,771$5,620$932
35 years$28,576$19,224$12,595$8,074$5,090$791
36 years$27,476$18,246$11,782$7,436$4,612$672
37 years$26,439$17,330$11,028$6,852$4,180$570
38 years$25,459$16,470$10,327$6,315$3,789$485
39 years$24,531$15,661$9,675$5,823$3,436$412
40 years$23,652$14,900$9,069$5,371$3,117$350
41 years$22,818$14,184$8,503$4,955$2,828$297
42 years$22,025$13,508$7,977$4,573$2,566$252
43 years$21,272$12,870$7,485$4,222$2,329$214
44 years$20,555$12,268$7,026$3,898$2,114$182
45 years$19,872$11,699$6,597$3,600$1,919$155
46 years$19,220$11,160$6,196$3,325$1,742$131
47 years$18,598$10,650$5,821$3,072$1,582$112
48 years$18,003$10,167$5,470$2,839$1,437$95
49 years$17,435$9,709$5,142$2,624$1,305$81
50 years$16,891$9,274$4,834$2,425$1,185$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,300,000, adding $2,965 every year, while hoping to spend $34,331 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: 28/45/27 Blend
57$17,300,000$17,300,000$17,300,000$17,300,000
58$19,067,658$18,150,758$17,882,608$19,441,452
59$20,976,032$19,003,618$18,445,148$20,592,227
60$23,077,908$19,897,116$19,025,382$21,824,539
61$25,392,990$20,833,210$19,623,867$23,147,838
62$27,942,985$21,813,947$20,241,176$24,569,952
63$30,751,817$22,841,478$20,877,903$26,099,442
64$33,845,847$23,918,055$21,534,658$27,745,676
65$37,254,125$25,046,041$22,212,070$29,518,908
66$41,008,661$26,227,913$22,910,790$31,430,367
67$45,144,730$27,466,266$23,631,487$33,492,350
68$49,701,203$28,763,824$24,374,853$35,718,328
69$54,720,916$30,123,442$25,141,600$38,123,066
70$60,251,070$31,548,111$25,932,465$40,722,746
71$66,343,682$33,040,971$26,748,205$43,535,111
72$73,056,070$34,605,312$27,589,603$46,579,620
73$80,451,400$36,244,583$28,457,466$49,877,617
74$88,599,278$37,962,402$29,352,626$53,452,518
75$97,576,407$39,762,562$30,275,941$57,330,023
76$107,467,313$41,649,041$31,228,298$61,538,336
77$118,365,142$43,626,007$32,210,609$66,108,422
78$130,372,539$45,697,834$33,223,817$71,074,281
79$143,602,616$47,869,106$34,268,893$76,473,250
80$158,180,022$50,144,630$35,346,839$82,346,338
81$174,242,115$52,529,449$36,458,690$88,738,600
82$191,940,266$55,028,847$37,605,511$95,699,533
83$211,441,281$57,648,368$38,788,403$103,283,530
84$232,928,976$60,393,823$40,008,499$111,550,372
85$256,605,918$63,271,306$41,266,971$120,565,765
86$282,695,331$66,287,210$42,565,023$130,401,940
87$311,443,206$69,448,234$43,903,903$141,138,312
88$343,120,622$72,761,407$45,284,893$152,862,201
89$378,026,306$76,234,096$46,709,317$165,669,629
90$416,489,453$79,874,030$48,178,542$179,666,202
91$458,872,831$83,689,311$49,693,977$194,968,075
92$505,576,209$87,688,437$51,257,075$211,703,016
93$557,040,130$91,880,318$52,869,334$230,011,585
94$613,750,067$96,274,298$54,532,302$250,048,421
95$676,241,012$100,880,176$56,247,572$271,983,673
96$745,102,519$105,708,229$58,016,789$296,004,562
97$820,984,274$110,769,230$59,841,650$322,317,117
98$904,602,230$116,074,482$61,723,905$351,148,075
99$996,745,360$121,635,834$63,665,358$382,746,978
100$1,098,283,111$127,465,715$65,667,872$417,388,490