Can I retire at age 58 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,372,849
2 years$723,589$710,113$697,052$684,389$672,106$633,525
3 years$477,601$464,066$451,039$438,495$426,412$389,031
4 years$354,631$341,138$328,241$315,911$304,120$268,228
5 years$280,868$267,456$254,728$242,650$231,188$196,882
6 years$231,709$218,398$205,858$194,049$182,931$150,244
7 years$196,609$183,410$171,069$159,538$148,772$117,706
8 years$170,296$157,217$145,080$133,833$123,420$93,959
9 years$149,842$136,885$124,958$113,996$103,938$76,053
10 years$133,487$120,658$108,941$98,265$88,560$62,216
11 years$120,115$107,415$95,910$85,520$76,165$51,320
12 years$108,980$96,409$85,118$75,013$66,003$42,611
13 years$99,565$87,126$76,047$66,225$57,556$35,567
14 years$91,502$79,195$68,328$58,787$50,453$29,816
15 years$84,521$72,346$61,691$52,428$44,423$25,082
16 years$78,418$66,376$55,932$46,944$39,261$21,162
17 years$73,038$61,130$50,896$42,178$34,812$17,897
18 years$68,262$56,487$46,462$38,011$30,953$15,166
19 years$63,994$52,351$42,533$34,346$27,589$12,874
20 years$60,157$48,648$39,035$31,107$24,643$10,944
21 years$56,690$45,313$35,905$28,232$22,053$9,314
22 years$53,542$42,298$33,092$25,669$19,767$7,935
23 years$50,673$39,561$30,554$23,377$17,744$6,766
24 years$48,046$37,066$28,258$21,322$15,949$5,774
25 years$45,633$34,784$26,172$19,472$14,351$4,930
26 years$43,410$32,692$24,273$17,804$12,927$4,211
27 years$41,355$30,767$22,540$16,297$11,655$3,599
28 years$39,449$28,991$20,954$14,931$10,517$3,077
29 years$37,679$27,350$19,499$13,692$9,496$2,632
30 years$36,030$25,829$18,163$12,566$8,580$2,251
31 years$34,490$24,417$16,933$11,541$7,757$1,927
32 years$33,049$23,104$15,799$10,606$7,017$1,649
33 years$31,698$21,879$14,751$9,753$6,351$1,411
34 years$30,430$20,737$13,783$8,974$5,750$1,208
35 years$29,236$19,669$12,886$8,261$5,208$1,035
36 years$28,112$18,668$12,054$7,608$4,718$886
37 years$27,050$17,731$11,283$7,010$4,277$759
38 years$26,047$16,850$10,566$6,461$3,877$650
39 years$25,098$16,023$9,899$5,958$3,516$557
40 years$24,199$15,245$9,278$5,495$3,189$477
41 years$23,345$14,511$8,700$5,070$2,893$409
42 years$22,535$13,820$8,161$4,679$2,625$350
43 years$21,764$13,168$7,658$4,319$2,383$300
44 years$21,030$12,552$7,188$3,988$2,163$257
45 years$20,331$11,969$6,750$3,683$1,963$220
46 years$19,664$11,418$6,339$3,402$1,783$189
47 years$19,028$10,896$5,956$3,143$1,619$162
48 years$18,419$10,402$5,597$2,904$1,470$138
49 years$17,838$9,933$5,261$2,684$1,335$119
50 years$17,281$9,489$4,946$2,481$1,213$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,700,000, adding $5,396 every year, while hoping to spend $39,074 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: 55/15/30 Blend
57$17,700,000$17,700,000$17,700,000$17,700,000
58$19,510,966$18,572,866$18,298,516$20,421,083
59$21,459,510$19,441,362$18,869,942$21,919,389
60$23,605,496$20,351,105$19,459,201$23,546,015
61$25,969,022$21,304,074$20,066,849$25,316,998
62$28,572,234$22,302,345$20,693,460$27,246,266
63$31,439,536$23,348,095$21,339,626$29,349,136
64$34,597,821$24,443,603$22,005,955$31,642,455
65$38,076,721$25,591,262$22,693,077$34,144,755
66$41,908,892$26,793,579$23,401,640$36,876,424
67$46,130,317$28,053,183$24,132,313$39,859,893
68$50,780,648$29,372,828$24,885,786$43,119,843
69$55,903,583$30,755,405$25,662,768$46,683,433
70$61,547,271$32,203,943$26,463,993$50,580,551
71$67,764,773$33,721,617$27,290,217$54,844,091
72$74,614,561$35,311,756$28,142,220$59,510,259
73$82,161,067$36,977,853$29,020,805$64,618,906
74$90,475,294$38,723,567$29,926,801$70,213,900
75$99,635,488$40,552,735$30,861,063$76,343,534
76$109,727,870$42,469,382$31,824,471$83,060,974
77$120,847,457$44,477,725$32,817,935$90,424,755
78$133,098,953$46,582,189$33,842,390$98,499,324
79$146,597,740$48,787,411$34,898,805$107,355,646
80$161,470,969$51,098,253$35,988,174$117,071,859
81$177,858,755$53,519,815$37,111,525$127,734,009
82$195,915,505$56,057,442$38,269,918$139,436,850
83$215,811,370$58,716,741$39,464,444$152,284,734
84$237,733,857$61,503,588$40,696,230$166,392,582
85$261,889,594$64,424,148$41,966,437$181,886,961
86$288,506,283$67,484,881$43,276,264$198,907,270
87$317,834,849$70,692,565$44,626,943$217,607,043
88$350,151,808$74,054,305$46,019,750$238,155,390
89$385,761,877$77,577,551$47,455,996$260,738,581
90$425,000,852$81,270,115$48,937,036$285,561,789
91$468,238,778$85,140,190$50,464,266$312,851,022
92$515,883,440$89,196,365$52,039,125$342,855,235
93$568,384,212$93,447,648$53,663,097$375,848,673
94$626,236,304$97,903,486$55,337,713$412,133,443
95$689,985,432$102,573,781$57,064,552$452,042,352
96$760,232,971$107,468,922$58,845,239$495,942,032
97$837,641,634$112,599,798$60,681,454$544,236,387
98$922,941,724$117,977,832$62,574,927$597,370,390
99$1,016,938,034$123,615,000$64,527,441$655,834,261
100$1,120,517,439$129,523,861$66,540,836$720,168,084