Can I retire at age 58 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,363,401
2 years$715,413$702,089$689,176$676,656$664,512$632,375
3 years$472,204$458,823$445,942$433,540$421,594$390,398
4 years$350,624$337,283$324,532$312,341$300,684$270,670
5 years$277,695$264,434$251,850$239,908$228,575$199,826
6 years$229,091$215,930$203,532$191,856$180,864$153,410
7 years$194,388$181,338$169,136$157,736$147,091$120,936
8 years$168,372$155,440$143,441$132,321$122,026$97,161
9 years$148,149$135,339$123,546$112,708$102,763$79,169
10 years$131,979$119,294$107,710$97,155$87,560$65,209
11 years$118,758$106,201$94,826$84,554$75,304$54,168
12 years$107,749$95,320$84,156$74,165$65,257$45,301
13 years$98,440$86,142$75,188$65,477$56,905$38,093
14 years$90,468$78,300$67,556$58,123$49,883$32,175
15 years$83,566$71,529$60,994$51,836$43,921$27,276
16 years$77,532$65,626$55,300$46,413$38,817$23,194
17 years$72,213$60,439$50,321$41,702$34,418$19,773
18 years$67,491$55,849$45,937$37,582$30,603$16,893
19 years$63,271$51,760$42,053$33,958$27,277$14,458
20 years$59,477$48,098$38,594$30,756$24,364$12,393
21 years$56,049$44,801$35,499$27,913$21,803$10,637
22 years$52,937$41,820$32,718$25,379$19,544$9,140
23 years$50,100$39,114$30,209$23,113$17,544$7,861
24 years$47,503$36,647$27,938$21,081$15,769$6,766
25 years$45,118$34,391$25,877$19,252$14,189$5,828
26 years$42,919$32,322$23,999$17,603$12,781$5,023
27 years$40,887$30,419$22,285$16,113$11,523$4,332
28 years$39,004$28,664$20,717$14,763$10,398$3,737
29 years$37,253$27,041$19,279$13,538$9,389$3,225
30 years$35,622$25,537$17,958$12,424$8,483$2,784
31 years$34,100$24,141$16,741$11,411$7,670$2,404
32 years$32,675$22,843$15,620$10,487$6,938$2,076
33 years$31,340$21,632$14,585$9,643$6,279$1,794
34 years$30,086$20,502$13,627$8,873$5,685$1,550
35 years$28,906$19,446$12,740$8,168$5,149$1,340
36 years$27,794$18,457$11,918$7,522$4,665$1,158
37 years$26,745$17,530$11,155$6,931$4,228$1,001
38 years$25,753$16,660$10,446$6,388$3,833$865
39 years$24,815$15,842$9,787$5,890$3,476$748
40 years$23,925$15,072$9,173$5,433$3,153$647
41 years$23,082$14,347$8,602$5,013$2,860$559
42 years$22,280$13,664$8,069$4,626$2,596$484
43 years$21,518$13,019$7,571$4,270$2,356$418
44 years$20,792$12,410$7,107$3,943$2,138$362
45 years$20,101$11,834$6,673$3,641$1,941$313
46 years$19,442$11,289$6,268$3,364$1,762$271
47 years$18,813$10,773$5,888$3,108$1,600$234
48 years$18,211$10,285$5,534$2,872$1,453$202
49 years$17,636$9,821$5,201$2,654$1,320$175
50 years$17,086$9,382$4,890$2,453$1,199$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,500,000, adding $6,029 every year, while hoping to spend $22,484 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: 28/50/22 Blend
57$17,500,000$17,500,000$17,500,000$17,500,000
58$19,291,219$18,363,719$18,092,469$19,697,578
59$21,235,000$19,239,618$18,674,644$20,890,951
60$23,376,294$20,157,683$19,275,568$22,169,871
61$25,735,222$21,119,956$19,895,846$23,543,534
62$28,333,960$22,128,578$20,536,101$25,020,046
63$31,196,941$23,185,796$21,196,978$26,608,272
64$34,351,093$24,293,965$21,879,141$28,317,906
65$37,826,089$25,455,553$22,583,277$30,159,557
66$41,654,627$26,673,152$23,310,093$32,144,832
67$45,872,740$27,949,477$24,060,322$34,286,441
68$50,520,134$29,287,376$24,834,717$36,598,302
69$55,640,566$30,689,836$25,634,059$39,095,659
70$61,282,254$32,159,989$26,459,151$41,795,217
71$67,498,335$33,701,119$27,310,823$44,715,283
72$74,347,363$35,316,672$28,189,933$47,875,925
73$81,893,864$37,010,259$29,097,366$51,299,151
74$90,208,945$38,785,668$30,034,034$55,009,095
75$99,370,964$40,646,872$31,000,881$59,032,234
76$109,466,271$42,598,038$31,998,879$63,397,618
77$120,590,022$44,643,534$33,029,034$68,137,129
78$132,847,080$46,787,942$34,092,382$73,285,761
79$146,352,999$49,036,068$35,189,993$78,881,936
80$161,235,120$51,392,951$36,322,974$84,967,839
81$177,633,773$53,863,875$37,492,463$91,589,801
82$195,703,597$56,454,384$38,699,640$98,798,714
83$215,615,005$59,170,291$39,945,720$106,650,485
84$237,555,790$62,017,690$41,231,956$115,206,542
85$261,732,900$65,002,976$42,559,646$124,534,389
86$288,374,387$68,132,853$43,930,125$134,708,214
87$317,731,564$71,414,352$45,344,774$145,809,566
88$350,081,378$74,854,850$46,805,018$157,928,089
89$385,729,021$78,462,079$48,312,328$171,162,347
90$425,010,812$82,244,152$49,868,222$185,620,713
91$468,297,375$86,209,576$51,474,268$201,422,365
92$515,997,134$90,367,273$53,132,083$218,698,375
93$568,560,172$94,726,599$54,843,338$237,592,907
94$626,482,477$99,297,370$56,609,757$258,264,544
95$690,310,625$104,089,876$58,433,120$280,887,740
96$760,646,943$109,114,915$60,315,264$305,654,429
97$838,155,192$114,383,806$62,258,085$332,775,791
98$923,566,833$119,908,424$64,263,543$362,484,198
99$1,017,687,935$125,701,222$66,333,657$395,035,362
100$1,121,406,785$131,775,262$68,470,514$430,710,699