Can I retire at age 58 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,387,242
2 years$731,765$718,137$704,928$692,122$679,701$639,577
3 years$482,997$469,310$456,135$443,449$431,230$392,368
4 years$358,638$344,993$331,950$319,480$307,557$270,256
5 years$284,042$270,478$257,607$245,392$233,800$198,162
6 years$234,327$220,866$208,184$196,242$184,998$151,055
7 years$198,831$185,483$173,002$161,341$150,453$118,207
8 years$172,221$158,993$146,720$135,345$124,815$94,248
9 years$151,535$138,432$126,370$115,284$105,112$76,195
10 years$134,996$122,021$110,172$99,376$89,561$62,254
11 years$121,473$108,628$96,994$86,487$77,025$51,286
12 years$110,211$97,499$86,079$75,860$66,749$42,526
13 years$100,690$88,110$76,906$66,973$58,206$35,449
14 years$92,536$80,090$69,101$59,452$51,023$29,675
15 years$85,476$73,164$62,388$53,020$44,925$24,929
16 years$79,304$67,126$56,564$47,474$39,705$21,002
17 years$73,864$61,821$51,471$42,655$35,205$17,736
18 years$69,033$57,125$46,987$38,441$31,303$15,008
19 years$64,717$52,943$43,014$34,734$27,901$12,721
20 years$60,836$49,197$39,476$31,459$24,921$10,797
21 years$57,330$45,825$36,310$28,551$22,302$9,175
22 years$54,147$42,776$33,466$25,959$19,990$7,804
23 years$51,245$40,008$30,900$23,642$17,945$6,644
24 years$48,589$37,485$28,577$21,562$16,129$5,660
25 years$46,149$35,177$26,468$19,692$14,514$4,825
26 years$43,900$33,061$24,548$18,005$13,073$4,115
27 years$41,822$31,114$22,795$16,481$11,787$3,512
28 years$39,895$29,319$21,191$15,100$10,635$2,997
29 years$38,105$27,659$19,720$13,847$9,603$2,559
30 years$36,437$26,121$18,368$12,708$8,677$2,186
31 years$34,879$24,693$17,124$11,671$7,845$1,867
32 years$33,422$23,365$15,977$10,726$7,096$1,596
33 years$32,056$22,127$14,918$9,864$6,422$1,364
34 years$30,773$20,971$13,938$9,075$5,815$1,165
35 years$29,567$19,891$13,031$8,354$5,267$996
36 years$28,429$18,879$12,191$7,694$4,772$852
37 years$27,356$17,931$11,410$7,089$4,325$728
38 years$26,342$17,041$10,685$6,534$3,921$623
39 years$25,382$16,204$10,011$6,025$3,556$532
40 years$24,472$15,417$9,383$5,557$3,225$455
41 years$23,609$14,675$8,798$5,127$2,926$389
42 years$22,789$13,976$8,253$4,732$2,655$333
43 years$22,010$13,317$7,745$4,368$2,409$285
44 years$21,268$12,694$7,270$4,033$2,187$244
45 years$20,561$12,104$6,826$3,725$1,985$208
46 years$19,886$11,547$6,411$3,441$1,803$178
47 years$19,243$11,020$6,023$3,179$1,637$152
48 years$18,628$10,520$5,660$2,937$1,487$130
49 years$18,039$10,046$5,320$2,714$1,350$112
50 years$17,477$9,596$5,002$2,509$1,226$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $17,900,000, adding $5,579 every year, while hoping to spend $22,289 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: 44/28/28 Blend
57$17,900,000$17,900,000$17,900,000$17,900,000
58$19,731,555$18,782,855$18,505,405$20,439,039
59$21,720,458$19,679,499$19,101,620$21,841,317
60$23,911,482$20,619,332$19,717,062$23,357,896
61$26,325,221$21,604,447$20,352,351$25,001,510
62$28,984,365$22,637,037$21,008,127$26,783,991
63$31,913,923$23,719,404$21,685,052$28,718,332
64$35,141,450$24,853,962$22,383,808$30,818,801
65$38,697,312$26,043,240$23,105,099$33,101,069
66$42,614,972$27,289,893$23,849,655$35,582,351
67$46,931,306$28,596,704$24,618,225$38,281,564
68$51,686,948$29,966,592$25,411,584$41,219,490
69$56,926,678$31,402,616$26,230,534$44,418,974
70$62,699,842$32,907,987$27,075,899$47,905,125
71$69,060,818$34,486,070$27,948,534$51,705,544
72$76,069,529$36,140,396$28,849,318$55,850,579
73$83,792,012$37,874,666$29,779,160$60,373,599
74$92,301,034$39,692,761$30,738,999$65,311,302
75$101,676,786$41,598,754$31,729,803$70,704,044
76$112,007,639$43,596,913$32,752,571$76,596,220
77$123,390,973$45,691,717$33,808,337$83,036,660
78$135,934,101$47,887,860$34,898,166$90,079,087
79$149,755,282$50,190,267$36,023,157$97,782,605
80$164,984,834$52,604,104$37,184,446$106,212,251
81$181,766,368$55,134,786$38,383,206$115,439,587
82$200,258,140$57,787,993$39,620,646$125,543,369
83$220,634,549$60,569,683$40,898,015$136,610,269
84$243,087,779$63,486,103$42,216,604$148,735,682
85$267,829,616$66,543,805$43,577,744$162,024,609
86$295,093,447$69,749,662$44,982,809$176,592,631
87$325,136,463$73,110,880$46,433,218$192,566,982
88$358,242,086$76,635,018$47,930,435$210,087,732
89$394,722,647$80,330,001$49,475,972$229,309,090
90$434,922,331$84,204,145$51,071,391$250,400,837
91$479,220,428$88,266,168$52,718,303$273,549,912
92$528,034,917$92,525,215$54,418,370$298,962,151
93$581,826,404$96,990,876$56,173,312$326,864,208
94$641,102,479$101,673,211$57,984,899$357,505,669
95$706,422,501$106,582,768$59,854,963$391,161,386
96$778,402,884$111,730,611$61,785,392$428,134,041
97$857,722,913$117,128,346$63,778,137$468,756,980
98$945,131,157$122,788,142$65,835,211$513,397,326
99$1,041,452,538$128,722,763$67,958,694$562,459,418
100$1,147,596,116$134,945,599$70,150,730$616,388,594