Can I retire at age 58 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,403,498
2 years$735,853$722,148$708,867$695,989$683,498$651,577
3 years$485,696$471,932$458,684$445,927$433,639$402,643
4 years$360,642$346,920$333,804$321,265$309,275$279,441
5 years$285,629$271,990$259,046$246,762$235,106$206,519
6 years$235,636$222,100$209,347$197,338$186,031$158,721
7 years$199,942$186,519$173,969$162,242$151,293$125,264
8 years$173,183$159,881$147,539$136,101$125,512$100,755
9 years$152,381$139,205$127,076$115,928$105,700$82,196
10 years$135,750$122,703$110,787$99,931$90,061$67,787
11 years$122,151$109,235$97,535$86,970$77,456$56,381
12 years$110,827$98,044$86,560$76,284$67,122$47,214
13 years$101,253$88,603$77,336$67,348$58,531$39,754
14 years$93,053$80,537$69,487$59,784$51,308$33,624
15 years$85,953$73,572$62,737$53,317$45,176$28,544
16 years$79,747$67,501$56,880$47,739$39,926$24,307
17 years$74,276$62,166$51,759$42,893$35,402$20,751
18 years$69,419$57,444$47,249$38,655$31,477$17,755
19 years$65,078$53,239$43,254$34,929$28,057$15,219
20 years$61,176$49,472$39,697$31,634$25,061$13,065
21 years$57,651$46,081$36,513$28,710$22,426$11,231
22 years$54,450$43,015$33,653$26,104$20,102$9,665
23 years$51,531$40,231$31,072$23,774$18,045$8,326
24 years$48,860$37,694$28,737$21,683$16,219$7,178
25 years$46,407$35,374$26,616$19,802$14,595$6,192
26 years$44,146$33,246$24,685$18,106$13,146$5,346
27 years$42,055$31,288$22,922$16,573$11,853$4,617
28 years$40,118$29,483$21,309$15,184$10,695$3,989
29 years$38,318$27,814$19,830$13,924$9,657$3,449
30 years$36,640$26,267$18,471$12,779$8,726$2,982
31 years$35,074$24,831$17,220$11,737$7,889$2,579
32 years$33,609$23,495$16,066$10,786$7,136$2,232
33 years$32,235$22,250$15,001$9,919$6,458$1,931
34 years$30,945$21,088$14,016$9,126$5,847$1,671
35 years$29,732$20,002$13,104$8,401$5,296$1,447
36 years$28,588$18,985$12,259$7,737$4,798$1,253
37 years$27,509$18,031$11,474$7,129$4,349$1,085
38 years$26,489$17,136$10,745$6,571$3,943$939
39 years$25,524$16,295$10,067$6,059$3,575$813
40 years$24,609$15,503$9,436$5,588$3,243$705
41 years$23,741$14,757$8,848$5,156$2,942$610
42 years$22,917$14,054$8,299$4,758$2,670$529
43 years$22,133$13,391$7,788$4,392$2,423$458
44 years$21,387$12,764$7,310$4,056$2,199$397
45 years$20,676$12,172$6,864$3,745$1,997$344
46 years$19,997$11,612$6,447$3,460$1,813$298
47 years$19,350$11,081$6,057$3,196$1,646$258
48 years$18,732$10,578$5,692$2,954$1,495$224
49 years$18,140$10,102$5,350$2,730$1,358$194
50 years$17,574$9,650$5,030$2,523$1,233$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,000,000, adding $3,949 every year, while hoping to spend $21,716 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: 41/39/20 Blend
57$18,000,000$18,000,000$18,000,000$18,000,000
58$19,840,073$18,886,073$18,607,073$20,536,430
59$21,840,655$19,788,385$19,207,305$21,935,384
60$24,044,569$20,734,183$19,826,916$23,446,214
61$26,472,530$21,725,573$20,466,533$25,081,063
62$29,147,370$22,764,768$21,126,804$26,851,284
63$32,094,244$23,854,084$21,808,394$28,769,330
64$35,340,876$24,995,953$22,511,994$30,848,863
65$38,917,814$26,192,923$23,238,314$33,104,875
66$42,858,723$27,447,668$23,988,090$35,553,823
67$47,200,700$28,762,992$24,762,079$38,213,772
68$51,984,626$30,141,833$25,561,063$41,104,557
69$57,255,551$31,587,276$26,385,851$44,247,960
70$63,063,117$33,102,553$27,237,278$47,667,906
71$69,462,032$34,691,054$28,116,203$51,390,679
72$76,512,580$36,356,337$29,023,516$55,445,154
73$84,281,194$38,102,128$29,960,136$59,863,063
74$92,841,083$39,932,340$30,927,008$64,679,279
75$102,272,923$41,851,074$31,925,111$69,932,132
76$112,665,614$43,862,630$32,955,456$75,663,758
77$124,117,127$45,971,519$34,019,084$81,920,484
78$136,735,422$48,182,471$35,117,071$88,753,245
79$150,639,471$50,500,449$36,250,529$96,218,055
80$165,960,380$52,930,653$37,420,605$104,376,515
81$182,842,626$55,478,542$38,628,482$113,296,380
82$201,445,420$58,149,838$39,875,383$123,052,181
83$221,944,215$60,950,541$41,162,570$133,725,904
84$244,532,354$63,886,947$42,491,345$145,407,751
85$269,422,903$66,965,657$43,863,054$158,196,969
86$296,850,658$70,193,593$45,279,086$172,202,762
87$327,074,363$73,578,016$46,740,872$187,545,303
88$360,379,151$77,126,542$48,249,895$204,356,842
89$397,079,238$80,847,156$49,807,680$222,782,931
90$437,520,889$84,748,235$51,415,805$242,983,772
91$482,085,684$88,838,563$53,075,900$265,135,703
92$531,194,125$93,127,354$54,789,644$289,432,829
93$585,309,602$97,624,270$56,558,772$316,088,833
94$644,942,768$102,339,446$58,385,078$345,338,955
95$710,656,362$107,283,511$60,270,409$377,442,180
96$783,070,519$112,467,611$62,216,677$412,683,656
97$862,868,628$117,903,440$64,225,851$451,377,341
98$950,803,778$123,603,259$66,299,968$493,868,934
99$1,047,705,875$129,579,930$68,441,128$540,539,097
100$1,154,489,468$135,846,940$70,651,500$591,807,011