Can I retire at age 71 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,252,151
2 years$654,092$641,910$630,104$618,657$607,554$583,754
3 years$431,730$419,495$407,719$396,379$385,457$362,310
4 years$320,570$308,373$296,715$285,569$274,911$252,595
5 years$253,892$241,768$230,263$219,344$208,983$187,562
6 years$209,455$197,422$186,087$175,411$165,361$144,859
7 years$177,726$165,795$154,639$144,215$134,483$114,905
8 years$153,940$142,117$131,146$120,979$111,567$92,907
9 years$135,450$123,738$112,956$103,047$93,955$76,204
10 years$120,667$109,069$98,478$88,828$80,054$63,194
11 years$108,579$97,098$86,698$77,307$68,850$52,862
12 years$98,513$87,150$76,942$67,808$59,664$44,526
13 years$90,002$78,758$68,743$59,865$52,028$37,716
14 years$82,714$71,589$61,766$53,141$45,607$32,095
15 years$76,403$65,398$55,766$47,392$40,156$27,417
16 years$70,886$60,001$50,560$42,435$35,490$23,496
17 years$66,023$55,259$46,008$38,127$31,468$20,189
18 years$61,706$51,062$41,999$34,360$27,980$17,388
19 years$57,847$47,323$38,448$31,048$24,939$15,004
20 years$54,379$43,975$35,286$28,120$22,276$12,968
21 years$51,245$40,961$32,456$25,520$19,935$11,224
22 years$48,400$38,236$29,913$23,204$17,869$9,727
23 years$45,806$35,761$27,620$21,132$16,040$8,438
24 years$43,431$33,506$25,544$19,274$14,417$7,326
25 years$41,250$31,444$23,659$17,602$12,973$6,366
26 years$39,241$29,552$21,942$16,094$11,686$5,535
27 years$37,383$27,812$20,375$14,731$10,536$4,816
28 years$35,661$26,207$18,941$13,497$9,506$4,192
29 years$34,060$24,723$17,627$12,377$8,584$3,650
30 years$32,569$23,348$16,418$11,359$7,756$3,180
31 years$31,177$22,072$15,306$10,433$7,012$2,771
32 years$29,875$20,885$14,281$9,588$6,343$2,415
33 years$28,654$19,778$13,334$8,817$5,741$2,106
34 years$27,507$18,745$12,459$8,112$5,197$1,837
35 years$26,428$17,779$11,648$7,468$4,708$1,602
36 years$25,412$16,875$10,897$6,878$4,265$1,398
37 years$24,452$16,028$10,199$6,337$3,866$1,219
38 years$23,546$15,232$9,551$5,841$3,505$1,064
39 years$22,688$14,484$8,948$5,385$3,178$929
40 years$21,875$13,780$8,387$4,967$2,883$810
41 years$21,103$13,118$7,864$4,583$2,615$707
42 years$20,370$12,493$7,377$4,230$2,373$618
43 years$19,674$11,903$6,922$3,904$2,154$539
44 years$19,010$11,346$6,498$3,605$1,955$471
45 years$18,378$10,820$6,101$3,329$1,775$411
46 years$17,776$10,322$5,731$3,075$1,611$359
47 years$17,200$9,850$5,384$2,841$1,463$313
48 years$16,650$9,403$5,059$2,625$1,329$274
49 years$16,125$8,979$4,755$2,426$1,207$239
50 years$15,622$8,577$4,471$2,243$1,096$209

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,000,000, adding $5,028 every year, while hoping to spend $44,596 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: 46/33/21 Blend
70$16,000,000$16,000,000$16,000,000$16,000,000
71$17,637,186$16,789,186$16,541,186$18,342,208
72$19,388,730$17,564,407$17,047,866$19,612,117
73$21,317,436$18,376,118$17,570,025$20,984,238
74$23,441,328$19,226,062$18,108,135$22,472,003
75$25,780,267$20,116,062$18,662,681$24,086,217
76$28,356,137$21,048,032$19,234,164$25,838,744
77$31,193,054$22,023,977$19,823,099$27,742,615
78$34,317,591$23,045,997$20,430,019$29,812,143
79$37,759,030$24,116,296$21,055,470$32,063,054
80$41,549,640$25,237,183$21,700,016$34,512,626
81$45,724,975$26,411,078$22,364,239$37,179,849
82$50,324,220$27,640,517$23,048,738$40,085,591
83$55,390,549$28,928,161$23,754,129$43,252,796
84$60,971,541$30,276,797$24,481,048$46,706,684
85$67,119,625$31,689,348$25,230,151$50,474,988
86$73,892,578$33,168,876$26,002,112$54,588,200
87$81,354,064$34,718,595$26,797,626$59,079,859
88$89,574,242$36,341,869$27,617,410$63,986,849
89$98,630,423$38,042,229$28,462,201$69,349,744
90$108,607,802$39,823,374$29,332,761$75,213,175
91$119,600,262$41,689,183$30,229,872$81,626,248
92$131,711,258$43,643,723$31,154,342$88,642,988
93$145,054,796$45,691,255$32,107,003$96,322,845
94$159,756,509$47,836,250$33,088,711$104,731,236
95$175,954,839$50,083,393$34,100,349$113,940,155
96$193,802,348$52,437,595$35,142,827$124,028,836
97$213,467,158$54,904,007$36,217,081$135,084,491
98$235,134,532$57,488,027$37,324,078$147,203,111
99$259,008,631$60,195,317$38,464,811$160,490,366
100$285,314,434$63,031,811$39,640,305$175,062,578