Can I retire at age 58 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,455,376
2 years$772,646$758,256$744,310$730,788$717,673$666,076
3 years$509,981$495,529$481,618$468,223$455,321$405,485
4 years$378,674$364,266$350,494$337,328$324,739$277,044
5 years$299,910$285,589$271,998$259,101$246,861$201,434
6 years$247,418$233,205$219,815$207,205$195,333$152,209
7 years$209,939$195,845$182,667$170,354$158,858$118,029
8 years$181,842$167,875$154,916$142,906$131,788$93,223
9 years$160,000$146,166$133,429$121,724$110,985$74,635
10 years$142,537$128,838$116,327$104,928$94,564$60,370
11 years$128,259$114,697$102,412$91,318$81,329$49,222
12 years$116,368$102,946$90,888$80,099$70,478$40,385
13 years$106,315$93,033$81,203$70,715$61,458$33,301
14 years$97,706$84,564$72,961$62,773$53,874$27,569
15 years$90,251$77,251$65,874$55,982$47,435$22,899
16 years$83,734$70,876$59,724$50,126$41,923$19,071
17 years$77,990$65,274$54,347$45,038$37,172$15,918
18 years$72,890$60,317$49,612$40,588$33,051$13,310
19 years$68,332$55,901$45,417$36,675$29,459$11,146
20 years$64,235$51,946$41,681$33,216$26,314$9,345
21 years$60,533$48,385$38,339$30,146$23,548$7,844
22 years$57,172$45,166$35,335$27,409$21,107$6,589
23 years$54,108$42,243$32,626$24,962$18,947$5,539
24 years$51,303$39,579$30,173$22,767$17,030$4,660
25 years$48,727$37,143$27,947$20,792$15,324$3,922
26 years$46,353$34,908$25,919$19,011$13,804$3,302
27 years$44,158$32,853$24,068$17,402$12,445$2,781
28 years$42,124$30,957$22,374$15,944$11,230$2,343
29 years$40,233$29,204$20,821$14,621$10,140$1,975
30 years$38,472$27,580$19,394$13,418$9,162$1,664
31 years$36,828$26,073$18,081$12,323$8,283$1,403
32 years$35,289$24,670$16,870$11,326$7,493$1,183
33 years$33,847$23,363$15,751$10,415$6,781$998
34 years$32,493$22,143$14,717$9,582$6,140$842
35 years$31,218$21,002$13,759$8,821$5,561$710
36 years$30,018$19,934$12,872$8,124$5,038$599
37 years$28,884$18,933$12,048$7,485$4,566$505
38 years$27,813$17,993$11,282$6,899$4,140$426
39 years$26,800$17,109$10,570$6,362$3,754$360
40 years$25,839$16,278$9,907$5,868$3,405$303
41 years$24,928$15,495$9,290$5,414$3,089$256
42 years$24,062$14,757$8,714$4,996$2,803$216
43 years$23,239$14,061$8,177$4,612$2,544$182
44 years$22,456$13,403$7,676$4,258$2,309$154
45 years$21,709$12,781$7,207$3,933$2,096$130
46 years$20,997$12,192$6,769$3,633$1,903$109
47 years$20,318$11,635$6,360$3,356$1,728$92
48 years$19,668$11,107$5,976$3,101$1,570$78
49 years$19,047$10,607$5,617$2,866$1,426$66
50 years$18,453$10,132$5,281$2,649$1,295$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,900,000, adding $3,935 every year, while hoping to spend $56,405 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: 68/13/19 Blend
57$18,900,000$18,900,000$18,900,000$18,900,000
58$20,831,859$19,830,159$19,537,209$22,150,891
59$22,896,694$20,741,822$20,131,691$23,944,515
60$25,170,252$21,696,267$20,744,198$25,898,816
61$27,673,763$22,695,529$21,375,273$28,035,198
62$30,430,620$23,741,743$22,025,479$30,371,591
63$33,466,602$24,837,148$22,695,391$32,927,733
64$36,810,114$25,984,086$23,385,605$35,725,345
65$40,492,457$27,185,018$24,096,734$38,788,338
66$44,548,122$28,442,518$24,829,409$42,143,035
67$49,015,115$29,759,286$25,584,279$45,818,412
68$53,935,320$31,138,154$26,362,015$49,846,371
69$59,354,885$32,582,086$27,163,306$54,262,037
70$65,324,669$34,094,194$27,988,862$59,104,082
71$71,900,712$35,677,736$28,839,415$64,415,090
72$79,144,768$37,336,128$29,715,719$70,241,952
73$87,124,888$39,072,953$30,618,550$76,636,302
74$95,916,063$40,891,964$31,548,707$83,655,005
75$105,600,927$42,797,096$32,507,015$91,360,683
76$116,270,542$44,792,474$33,494,320$99,822,303
77$128,025,255$46,882,423$34,511,498$109,115,822
78$140,975,645$49,071,475$35,559,447$119,324,899
79$155,243,567$51,364,384$36,639,094$130,541,677
80$170,963,301$53,766,129$37,751,395$142,867,649
81$188,282,823$56,281,935$38,897,331$156,414,606
82$207,365,196$58,917,274$40,077,916$171,305,686
83$228,390,112$61,677,887$41,294,193$187,676,534
84$251,555,591$64,569,791$42,547,236$205,676,566
85$277,079,844$67,599,293$43,838,151$225,470,381
86$305,203,336$70,773,007$45,168,077$247,239,299
87$336,191,057$74,097,865$46,538,189$271,183,069
88$370,335,021$77,581,136$47,949,694$297,521,743
89$407,957,021$81,230,440$49,403,837$326,497,746
90$449,411,673$85,053,767$50,901,901$358,378,151
91$495,089,754$89,059,492$52,445,205$393,457,196
92$545,421,900$93,256,398$54,035,110$432,059,045
93$600,882,664$97,653,691$55,673,016$474,540,841
94$661,994,999$102,261,026$57,360,366$521,296,064
95$729,335,194$107,088,522$59,098,644$572,758,236
96$803,538,316$112,146,792$60,889,381$629,404,995
97$885,304,201$117,446,961$62,734,151$691,762,600
98$975,404,063$123,000,695$64,634,579$760,410,877
99$1,074,687,774$128,820,226$66,592,334$835,988,683
100$1,184,091,887$134,918,377$68,609,137$919,199,920