Can I retire at age 58 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,373,010
2 years$711,325$698,077$685,238$672,789$660,714$646,123
3 years$469,506$456,201$443,394$431,063$419,184$404,943
4 years$348,620$335,356$322,677$310,556$298,966$285,185
5 years$276,108$262,923$250,411$238,537$227,269$213,989
6 years$227,782$214,697$202,369$190,760$179,830$167,068
7 years$193,277$180,302$168,170$156,834$146,250$134,010
8 years$167,410$154,552$142,621$131,564$121,329$109,610
9 years$147,302$134,565$122,840$112,064$102,176$90,976
10 years$131,225$118,613$107,094$96,600$87,059$76,369
11 years$118,079$105,594$94,284$84,071$74,874$64,686
12 years$107,133$94,775$83,675$73,741$64,884$55,187
13 years$97,878$85,649$74,758$65,103$56,580$47,363
14 years$89,951$77,853$67,170$57,791$49,598$40,848
15 years$83,088$71,120$60,646$51,539$43,670$35,374
16 years$77,089$65,251$54,984$46,148$38,596$30,739
17 years$71,800$60,094$50,034$41,463$34,221$26,791
18 years$67,105$55,529$45,674$37,367$30,428$23,408
19 years$62,909$51,464$41,813$33,764$27,121$20,497
20 years$59,137$47,823$38,373$30,580$24,225$17,981
21 years$55,729$44,545$35,296$27,753$21,679$15,799
22 years$52,635$41,581$32,531$25,234$19,432$13,901
23 years$49,814$38,890$30,036$22,981$17,443$12,246
24 years$47,232$36,438$27,779$20,960$15,678$10,800
25 years$44,860$34,195$25,729$19,142$14,108$9,533
26 years$42,674$32,138$23,862$17,502$12,708$8,422
27 years$40,654$30,245$22,158$16,020$11,457$7,446
28 years$38,781$28,500$20,599$14,678$10,338$6,587
29 years$37,040$26,886$19,169$13,460$9,335$5,830
30 years$35,419$25,391$17,855$12,353$8,435$5,163
31 years$33,905$24,003$16,646$11,345$7,626$4,574
32 years$32,489$22,712$15,531$10,427$6,898$4,054
33 years$31,161$21,509$14,501$9,588$6,243$3,594
34 years$29,914$20,385$13,549$8,822$5,652$3,187
35 years$28,741$19,335$12,667$8,121$5,119$2,827
36 years$27,635$18,352$11,850$7,479$4,639$2,508
37 years$26,592$17,430$11,091$6,891$4,204$2,226
38 years$25,606$16,565$10,387$6,352$3,811$1,976
39 years$24,673$15,751$9,731$5,857$3,456$1,754
40 years$23,789$14,986$9,121$5,402$3,135$1,557
41 years$22,950$14,266$8,553$4,984$2,844$1,383
42 years$22,153$13,586$8,023$4,600$2,581$1,228
43 years$21,395$12,945$7,528$4,246$2,342$1,091
44 years$20,674$12,339$7,066$3,920$2,126$969
45 years$19,986$11,766$6,635$3,621$1,930$861
46 years$19,331$11,225$6,232$3,344$1,752$765
47 years$18,705$10,712$5,855$3,090$1,591$679
48 years$18,107$10,226$5,502$2,855$1,445$604
49 years$17,536$9,765$5,171$2,639$1,312$536
50 years$16,988$9,328$4,862$2,439$1,192$477

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,400,000, adding $2,111 every year, while hoping to spend $41,575 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: 53/37/10 Blend
57$17,400,000$17,400,000$17,400,000$17,400,000
58$19,176,977$18,254,777$17,985,077$20,144,326
59$21,088,794$19,105,026$18,543,342$21,652,151
60$23,194,222$19,995,544$19,118,915$23,287,074
61$25,512,966$20,928,259$19,712,333$25,064,813
62$28,066,740$21,905,195$20,324,147$26,998,891
63$30,879,469$22,928,471$20,954,928$29,104,165
64$33,977,520$24,000,311$21,605,262$31,396,957
65$37,389,944$25,123,043$22,275,756$33,895,202
66$41,148,757$26,299,111$22,967,033$36,618,612
67$45,289,238$27,531,076$23,679,736$39,588,852
68$49,850,262$28,821,620$24,414,529$42,829,739
69$54,874,669$30,173,559$25,172,095$46,367,455
70$60,409,665$31,589,843$25,953,140$50,230,792
71$66,507,270$33,073,565$26,758,390$54,451,407
72$73,224,810$34,627,968$27,588,594$59,064,118
73$80,625,453$36,256,451$28,444,525$64,107,219
74$88,778,811$37,962,579$29,326,978$69,622,832
75$97,761,592$39,750,088$30,236,775$75,657,297
76$107,658,329$41,622,897$31,174,761$82,261,591
77$118,562,172$43,585,112$32,141,809$89,491,807
78$130,575,772$45,641,041$33,138,817$97,409,663
79$143,812,247$47,795,198$34,166,714$106,083,074
80$158,396,251$50,052,318$35,226,454$115,586,784
81$174,465,151$52,417,364$36,319,023$126,003,050
82$192,170,323$54,895,541$37,445,437$137,422,410
83$211,678,578$57,492,305$38,606,741$149,944,519
84$233,173,742$60,213,377$39,804,016$163,679,074
85$256,858,387$63,064,756$41,038,374$178,746,833
86$282,955,745$66,052,731$42,310,962$195,280,737
87$311,711,815$69,183,898$43,622,963$213,427,145
88$343,397,682$72,465,172$44,975,595$233,347,199
89$378,312,083$75,903,803$46,370,114$255,218,323
90$416,784,220$79,507,394$47,807,818$279,235,874
91$459,176,871$83,283,916$49,290,039$305,614,970
92$505,889,812$87,241,729$50,818,157$334,592,491
93$557,363,596$91,389,597$52,393,588$366,429,295
94$614,083,707$95,736,710$54,017,796$401,412,652
95$676,585,142$100,292,707$55,692,290$439,858,930
96$745,457,469$105,067,691$57,418,624$482,116,554
97$821,350,383$110,072,260$59,198,400$528,569,264
98$904,979,846$115,317,525$61,033,270$579,639,709
99$997,134,843$120,815,137$62,924,938$635,793,402
100$1,098,684,833$126,577,314$64,875,159$697,543,082