Can I retire at age 58 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,350,968
2 years$719,501$706,101$693,114$680,522$668,309$616,037
3 years$474,902$461,445$448,491$436,017$424,003$373,583
4 years$352,627$339,211$326,386$314,126$302,402$254,219
5 years$279,281$265,945$253,289$241,279$229,881$184,060
6 years$230,400$217,164$204,695$192,953$181,897$138,470
7 years$195,499$182,374$170,103$158,637$147,931$106,885
8 years$169,334$156,328$144,261$133,077$122,723$84,022
9 years$148,995$136,112$124,252$113,352$103,351$66,939
10 years$132,733$119,976$108,325$97,710$88,060$53,873
11 years$119,437$106,808$95,368$85,037$75,735$43,697
12 years$108,364$95,865$84,637$74,589$65,630$35,661
13 years$99,003$86,634$75,617$65,851$57,231$29,245
14 years$90,985$78,748$67,942$58,455$50,168$24,077
15 years$84,043$71,937$61,343$52,132$44,172$19,884
16 years$77,975$66,001$55,616$46,678$39,039$16,464
17 years$72,626$60,785$50,609$41,940$34,615$13,661
18 years$67,876$56,168$46,199$37,796$30,778$11,355
19 years$63,632$52,056$42,293$34,152$27,433$9,451
20 years$59,817$48,373$38,815$30,932$24,504$7,876
21 years$56,369$45,057$35,702$28,072$21,928$6,570
22 years$53,240$42,059$32,905$25,524$19,655$5,485
23 years$50,386$39,337$30,382$23,245$17,644$4,582
24 years$47,775$36,856$28,098$21,201$15,859$3,830
25 years$45,376$34,588$26,024$19,362$14,270$3,203
26 years$43,165$32,507$24,136$17,704$12,854$2,679
27 years$41,121$30,593$22,413$16,205$11,589$2,242
28 years$39,227$28,828$20,835$14,847$10,457$1,877
29 years$37,466$27,196$19,389$13,615$9,443$1,571
30 years$35,826$25,683$18,060$12,495$8,532$1,316
31 years$34,295$24,279$16,837$11,476$7,714$1,102
32 years$32,862$22,973$15,709$10,547$6,978$923
33 years$31,519$21,756$14,668$9,698$6,315$773
34 years$30,258$20,620$13,705$8,923$5,717$648
35 years$29,071$19,557$12,813$8,214$5,178$543
36 years$27,953$18,563$11,986$7,565$4,692$455
37 years$26,898$17,630$11,219$6,970$4,252$381
38 years$25,900$16,755$10,506$6,425$3,855$319
39 years$24,956$15,933$9,843$5,924$3,496$268
40 years$24,062$15,159$9,226$5,464$3,171$224
41 years$23,213$14,429$8,651$5,041$2,877$188
42 years$22,407$13,742$8,115$4,652$2,610$158
43 years$21,641$13,093$7,615$4,295$2,369$132
44 years$20,911$12,481$7,148$3,966$2,150$111
45 years$20,216$11,902$6,711$3,662$1,952$93
46 years$19,553$11,354$6,304$3,383$1,772$78
47 years$18,920$10,835$5,922$3,125$1,610$65
48 years$18,315$10,343$5,565$2,888$1,462$55
49 years$17,737$9,877$5,231$2,669$1,328$46
50 years$17,184$9,435$4,918$2,467$1,206$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,600,000, adding $4,096 every year, while hoping to spend $42,691 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: 37/33/30 Blend
57$17,600,000$17,600,000$17,600,000$17,600,000
58$19,399,425$18,466,625$18,193,825$19,943,238
59$21,332,743$19,326,067$18,757,895$21,207,108
60$23,461,830$20,226,190$19,339,431$22,567,214
61$25,806,607$21,168,944$19,938,972$24,035,609
62$28,389,029$22,156,370$20,557,076$25,622,123
63$31,233,287$23,190,610$21,194,316$27,337,541
64$34,366,040$24,273,908$21,851,283$29,193,691
65$37,816,663$25,408,616$22,528,588$31,203,555
66$41,617,527$26,597,202$23,226,859$33,381,381
67$45,804,300$27,842,251$23,946,745$35,742,809
68$50,416,291$29,146,473$24,688,913$38,305,011
69$55,496,813$30,512,711$25,454,052$41,086,846
70$61,093,598$31,943,943$26,242,873$44,109,027
71$67,259,241$33,443,294$27,056,106$47,394,309
72$74,051,705$35,014,036$27,894,506$50,967,691
73$81,534,859$36,659,603$28,758,852$54,856,645
74$89,779,085$38,383,595$29,649,944$59,091,365
75$98,861,944$40,189,783$30,568,610$63,705,036
76$108,868,905$42,082,125$31,515,701$68,734,142
77$119,894,151$44,064,768$32,492,095$74,218,793
78$132,041,473$46,142,059$33,498,698$80,203,095
79$145,425,241$48,318,558$34,536,442$86,735,549
80$160,171,494$50,599,045$35,606,291$93,869,499
81$176,419,119$52,988,532$36,709,235$101,663,618
82$194,321,172$55,492,273$37,846,297$110,182,448
83$214,046,315$58,115,777$39,018,531$119,496,994
84$235,780,410$60,864,821$40,227,023$129,685,376
85$259,728,275$63,745,461$41,472,892$140,833,550
86$286,115,619$66,764,048$42,757,293$153,036,103
87$315,191,165$69,927,240$44,081,416$166,397,125
88$347,229,008$73,242,018$45,446,487$181,031,170
89$382,531,194$76,715,704$46,853,771$197,064,322
90$421,430,574$80,355,972$48,304,571$214,635,360
91$464,293,949$84,170,871$49,800,231$233,897,045
92$511,525,528$88,168,840$51,342,135$255,017,540
93$563,570,747$92,358,728$52,931,711$278,181,974
94$620,920,471$96,749,814$54,570,431$303,594,160
95$684,115,630$101,351,825$56,259,812$331,478,496
96$753,752,325$106,174,966$58,001,417$362,082,053
97$830,487,456$111,229,933$59,796,857$395,676,878
98$915,044,920$116,527,943$61,647,796$432,562,531
99$1,008,222,450$122,080,760$63,555,945$473,068,884
100$1,110,899,140$127,900,718$65,523,070$517,559,196