Can I retire at age 58 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,415,336
2 years$739,941$726,160$712,805$699,855$687,295$659,216
3 years$488,394$474,554$461,232$448,404$436,048$408,748
4 years$362,645$348,847$335,659$323,050$310,993$284,683
5 years$287,216$273,501$260,485$248,133$236,412$211,167
6 years$236,946$223,334$210,510$198,434$187,065$162,913
7 years$201,052$187,555$174,935$163,144$152,134$129,080
8 years$174,145$160,770$148,359$136,857$126,210$104,248
9 years$153,228$139,979$127,782$116,572$106,287$85,403
10 years$136,504$123,384$111,403$100,486$90,562$70,737
11 years$122,830$109,842$98,077$87,453$77,886$59,096
12 years$111,443$98,588$87,041$76,708$67,494$49,713
13 years$101,815$89,095$77,765$67,722$58,856$42,054
14 years$93,570$80,985$69,873$60,116$51,593$35,738
15 years$86,431$73,981$63,086$53,613$45,427$30,487
16 years$80,190$67,876$57,196$48,004$40,148$26,090
17 years$74,689$62,512$52,046$43,132$35,598$22,386
18 years$69,805$57,763$47,512$38,870$31,652$19,252
19 years$65,440$53,535$43,495$35,123$28,212$16,588
20 years$61,516$49,747$39,917$31,810$25,200$14,316
21 years$57,971$46,337$36,716$28,870$22,551$12,372
22 years$54,752$43,254$33,840$26,249$20,214$10,705
23 years$51,818$40,455$31,245$23,906$18,145$9,272
24 years$49,132$37,903$28,896$21,803$16,309$8,037
25 years$46,665$35,571$26,764$19,912$14,676$6,973
26 years$44,391$33,431$24,822$18,207$13,219$6,053
27 years$42,289$31,462$23,049$16,665$11,918$5,258
28 years$40,341$29,647$21,427$15,269$10,754$4,569
29 years$38,530$27,968$19,940$14,002$9,711$3,972
30 years$36,844$26,413$18,573$12,850$8,774$3,455
31 years$35,269$24,969$17,315$11,802$7,933$3,006
32 years$33,796$23,626$16,156$10,846$7,176$2,616
33 years$32,414$22,374$15,085$9,974$6,494$2,277
34 years$31,117$21,205$14,094$9,177$5,880$1,982
35 years$29,897$20,113$13,177$8,448$5,325$1,726
36 years$28,747$19,090$12,327$7,780$4,825$1,503
37 years$27,662$18,131$11,538$7,168$4,373$1,309
38 years$26,636$17,231$10,805$6,607$3,965$1,141
39 years$25,665$16,385$10,123$6,092$3,595$994
40 years$24,746$15,589$9,488$5,619$3,261$866
41 years$23,873$14,839$8,897$5,184$2,959$754
42 years$23,044$14,133$8,345$4,785$2,685$657
43 years$22,256$13,465$7,831$4,417$2,436$573
44 years$21,505$12,835$7,351$4,078$2,212$499
45 years$20,790$12,240$6,902$3,766$2,008$435
46 years$20,109$11,676$6,483$3,479$1,823$379
47 years$19,458$11,143$6,090$3,214$1,655$331
48 years$18,836$10,637$5,723$2,970$1,503$288
49 years$18,241$10,158$5,379$2,745$1,365$251
50 years$17,672$9,703$5,058$2,537$1,240$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,100,000, adding $5,153 every year, while hoping to spend $23,188 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: 40/39/21 Blend
57$18,100,000$18,100,000$18,100,000$18,100,000
58$19,951,515$18,992,215$18,711,665$20,625,264
59$21,961,898$19,898,162$19,313,834$22,014,771
60$24,176,563$20,847,723$19,935,399$23,514,424
61$26,616,321$21,843,011$20,576,984$25,136,352
62$29,304,109$22,886,241$21,239,235$26,891,711
63$32,265,197$23,979,736$21,922,819$28,792,738
64$35,527,437$25,125,933$22,628,423$30,852,853
65$39,121,518$26,327,386$23,356,758$33,086,785
66$43,081,259$27,586,774$24,108,555$35,510,696
67$47,443,927$28,906,906$24,884,572$38,142,327
68$52,250,592$30,290,729$25,685,590$41,001,157
69$57,546,510$31,741,331$26,512,414$44,108,572
70$63,381,551$33,261,954$27,365,877$47,488,062
71$69,810,674$34,855,994$28,246,838$51,165,429
72$76,894,439$36,527,014$29,156,184$55,169,020
73$84,699,585$38,278,751$30,094,830$59,529,978
74$93,299,657$40,115,124$31,063,720$64,282,532
75$102,775,698$42,040,241$32,063,831$69,464,297
76$113,217,019$44,058,413$33,096,169$75,116,625
77$124,722,038$46,174,158$34,161,774$81,284,971
78$137,399,210$48,392,217$35,261,718$88,019,316
79$151,368,054$50,717,559$36,397,110$95,374,617
80$166,760,274$53,155,399$37,569,092$103,411,310
81$183,721,010$55,711,201$38,778,844$112,195,865
82$202,410,204$58,390,701$40,027,586$121,801,395
83$223,004,109$61,199,910$41,316,575$132,308,326
84$245,696,957$64,145,134$42,647,109$143,805,136
85$270,702,788$67,232,987$44,020,528$156,389,171
86$298,257,473$70,470,404$45,438,217$170,167,540
87$328,620,940$73,864,658$46,901,602$185,258,106
88$362,079,629$77,423,380$48,412,158$201,790,572
89$398,949,194$81,154,568$49,971,408$219,907,682
90$439,577,483$85,066,614$51,580,923$239,766,542
91$484,347,826$89,168,317$53,242,323$261,540,075
92$533,682,647$93,468,908$54,957,283$285,418,626
93$588,047,457$97,978,064$56,727,532$311,611,726
94$647,955,247$102,705,938$58,554,854$340,350,042
95$713,971,330$107,663,177$60,441,090$371,887,521
96$786,718,681$112,860,948$62,388,141$406,503,750
97$866,883,812$118,310,960$64,397,970$444,506,562
98$955,223,262$124,025,498$66,472,602$486,234,903
99$1,052,570,730$130,017,443$68,614,130$532,061,992
100$1,159,844,953$136,300,306$70,824,712$582,398,806