Can I retire at age 58 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,466,534
2 years$756,293$742,208$728,557$715,322$702,484$693,725
3 years$499,187$485,041$471,425$458,314$445,685$437,119
4 years$370,659$356,557$343,077$330,189$317,866$309,561
5 years$293,563$279,545$266,242$253,617$241,637$233,616
6 years$242,182$228,269$215,163$202,820$191,199$183,473
7 years$205,496$191,700$178,801$166,749$155,496$148,069
8 years$177,994$164,322$151,638$139,882$128,999$121,871
9 years$156,614$143,072$130,605$119,148$108,636$101,805
10 years$139,521$126,111$113,865$102,707$92,563$86,026
11 years$125,544$112,269$100,245$89,386$79,607$73,360
12 years$113,906$100,767$88,965$78,403$68,986$63,023
13 years$104,065$91,064$79,484$69,218$60,157$54,472
14 years$95,638$82,775$71,417$61,444$52,733$47,320
15 years$88,341$75,616$64,480$54,798$46,431$41,282
16 years$81,962$69,376$58,460$49,065$41,036$36,144
17 years$76,340$63,893$53,197$44,085$36,385$31,743
18 years$71,347$59,040$48,562$39,729$32,352$27,951
19 years$66,886$54,718$44,456$35,899$28,836$24,669
20 years$62,876$50,846$40,799$32,513$25,757$21,815
21 years$59,252$47,361$37,528$29,508$23,049$19,325
22 years$55,962$44,210$34,587$26,829$20,660$17,144
23 years$52,963$41,349$31,935$24,434$18,546$15,230
24 years$50,218$38,741$29,535$22,285$16,670$13,545
25 years$47,696$36,357$27,355$20,352$15,000$12,059
26 years$45,372$34,169$25,371$18,609$13,512$10,746
27 years$43,224$32,157$23,559$17,033$12,182$9,583
28 years$41,232$30,302$21,901$15,606$10,992$8,552
29 years$39,382$28,586$20,381$14,311$9,925$7,637
30 years$37,658$26,997$18,984$13,134$8,968$6,824
31 years$36,048$25,521$17,698$12,063$8,108$6,100
32 years$34,543$24,148$16,513$11,086$7,334$5,455
33 years$33,131$22,868$15,418$10,194$6,638$4,881
34 years$31,805$21,674$14,406$9,380$6,010$4,368
35 years$30,558$20,557$13,468$8,635$5,443$3,911
36 years$29,382$19,512$12,599$7,952$4,932$3,502
37 years$28,273$18,532$11,793$7,327$4,470$3,137
38 years$27,225$17,612$11,043$6,753$4,052$2,811
39 years$26,233$16,747$10,346$6,227$3,675$2,519
40 years$25,292$15,934$9,698$5,743$3,333$2,257
41 years$24,400$15,167$9,093$5,299$3,024$2,024
42 years$23,553$14,445$8,530$4,890$2,744$1,814
43 years$22,748$13,763$8,004$4,514$2,490$1,627
44 years$21,981$13,119$7,513$4,168$2,260$1,459
45 years$21,250$12,510$7,055$3,850$2,052$1,308
46 years$20,553$11,934$6,626$3,556$1,863$1,174
47 years$19,888$11,389$6,225$3,285$1,692$1,053
48 years$19,252$10,872$5,850$3,036$1,536$944
49 years$18,644$10,382$5,498$2,805$1,395$847
50 years$18,062$9,918$5,169$2,593$1,267$760

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,500,000, adding $5,950 every year, while hoping to spend $46,668 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: 40/38/22 Blend
57$18,500,000$18,500,000$18,500,000$18,500,000
58$20,393,137$19,412,637$19,125,887$21,075,804
59$22,423,583$20,314,202$19,716,950$22,468,322
60$24,659,570$21,258,380$20,326,250$23,968,954
61$27,122,014$22,247,208$20,954,347$25,591,485
62$29,833,964$23,282,826$21,601,822$27,347,057
63$32,820,815$24,367,471$22,269,270$29,247,895
64$36,110,555$25,503,494$22,957,307$31,307,411
65$39,734,022$26,693,355$23,666,567$33,540,324
66$43,725,198$27,939,636$24,397,703$35,962,791
67$48,121,531$29,245,041$25,151,389$38,592,551
68$52,964,285$30,612,406$25,928,318$41,449,080
69$58,298,933$32,044,704$26,729,208$44,553,772
70$64,175,581$33,545,052$27,554,794$47,930,123
71$70,649,448$35,116,717$28,405,837$51,603,949
72$77,781,380$36,763,125$29,283,121$55,603,616
73$85,638,428$38,487,865$30,187,452$59,960,293
74$94,294,481$40,294,703$31,119,665$64,708,241
75$103,830,960$42,187,586$32,080,616$69,885,120
76$114,337,591$44,170,651$33,071,190$75,532,330
77$125,913,249$46,248,236$34,092,298$81,695,394
78$138,666,890$48,424,889$35,144,879$88,424,364
79$152,718,583$50,705,379$36,229,903$95,774,289
80$168,200,640$53,094,704$37,348,366$103,805,712
81$185,258,867$55,598,106$38,501,298$112,585,227
82$204,053,939$58,221,081$39,689,759$122,186,092
83$224,762,916$60,969,389$40,914,841$132,688,900
84$247,580,916$63,849,072$42,177,671$144,182,323
85$272,722,956$66,866,463$43,479,410$156,763,930
86$300,425,980$70,028,203$44,821,253$170,541,085
87$330,951,100$73,341,254$46,204,435$185,631,941
88$364,586,054$76,812,918$47,630,226$202,166,535
89$401,647,929$80,450,848$49,099,936$220,287,986
90$442,486,150$84,263,071$50,614,915$240,153,827
91$487,485,777$88,258,003$52,176,555$261,937,466
92$537,071,148$92,444,466$53,786,291$285,829,793
93$591,709,873$96,831,713$55,445,600$312,040,955
94$651,917,258$101,429,445$57,156,006$340,802,314
95$718,261,166$106,247,835$58,919,079$372,368,594
96$791,367,375$111,297,550$60,736,439$407,020,260
97$871,925,490$116,589,772$62,609,752$445,066,128
98$960,695,451$122,136,231$64,540,739$486,846,243
99$1,058,514,704$127,949,224$66,531,171$532,735,060
100$1,166,306,113$134,041,645$68,582,874$583,144,931