Can I retire at age 71 with 16,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,276,816
2 years$658,180$645,922$634,042$622,523$611,351$604,267
3 years$434,428$422,117$410,267$398,857$387,866$380,938
4 years$322,574$310,301$298,569$287,354$276,629$269,910
5 years$255,479$243,280$231,702$220,715$210,289$203,799
6 years$210,764$198,656$187,250$176,508$166,395$160,142
7 years$178,837$166,831$155,605$145,117$135,323$129,311
8 years$154,902$143,005$131,966$121,735$112,264$106,492
9 years$136,297$124,512$113,662$103,691$94,542$89,010
10 years$121,421$109,751$99,093$89,383$80,555$75,260
11 years$109,257$97,705$87,240$77,790$69,280$64,218
12 years$99,129$87,694$77,423$68,232$60,036$55,203
13 years$90,565$79,250$69,173$60,239$52,353$47,744
14 years$83,231$72,036$62,152$53,473$45,892$41,502
15 years$76,880$65,806$56,115$47,689$40,407$36,231
16 years$71,329$60,376$50,876$42,700$35,712$31,743
17 years$66,436$55,604$46,295$38,366$31,665$27,897
18 years$62,092$51,381$42,262$34,575$28,155$24,582
19 years$58,209$47,619$38,689$31,242$25,095$21,711
20 years$54,719$44,250$35,506$28,295$22,415$19,213
21 years$51,565$41,217$32,659$25,680$20,059$17,032
22 years$48,702$38,475$30,100$23,349$17,980$15,122
23 years$46,092$35,985$27,792$21,264$16,140$13,443
24 years$43,703$33,715$25,703$19,394$14,507$11,965
25 years$41,508$31,640$23,806$17,712$13,054$10,661
26 years$39,486$29,737$22,079$16,195$11,759$9,507
27 years$37,616$27,986$20,502$14,824$10,601$8,485
28 years$35,883$26,371$19,060$13,582$9,566$7,578
29 years$34,273$24,878$17,737$12,455$8,638$6,773
30 years$32,773$23,494$16,521$11,430$7,805$6,056
31 years$31,372$22,210$15,402$10,498$7,056$5,418
32 years$30,061$21,015$14,370$9,648$6,383$4,850
33 years$28,833$19,902$13,418$8,872$5,777$4,343
34 years$27,679$18,862$12,537$8,163$5,230$3,890
35 years$26,593$17,891$11,721$7,514$4,737$3,485
36 years$25,571$16,981$10,965$6,921$4,292$3,124
37 years$24,605$16,128$10,263$6,376$3,890$2,800
38 years$23,693$15,327$9,611$5,877$3,527$2,511
39 years$22,829$14,575$9,004$5,419$3,198$2,252
40 years$22,011$13,867$8,440$4,998$2,901$2,020
41 years$21,235$13,200$7,914$4,612$2,632$1,813
42 years$20,498$12,571$7,423$4,256$2,388$1,627
43 years$19,797$11,978$6,966$3,929$2,167$1,460
44 years$19,129$11,417$6,539$3,628$1,967$1,310
45 years$18,493$10,887$6,139$3,350$1,786$1,176
46 years$17,887$10,386$5,766$3,095$1,621$1,056
47 years$17,308$9,911$5,417$2,859$1,472$948
48 years$16,754$9,462$5,091$2,642$1,337$851
49 years$16,225$9,035$4,785$2,442$1,214$764
50 years$15,719$8,631$4,499$2,257$1,103$686

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,100,000, adding $5,769 every year, while hoping to spend $22,677 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: 56/18/26 Blend
70$16,100,000$16,100,000$16,100,000$16,100,000
71$17,748,151$16,894,851$16,645,301$18,615,139
72$19,534,334$17,698,570$17,178,790$20,014,786
73$21,501,948$18,540,912$17,729,391$21,536,100
74$23,669,474$19,423,745$18,297,654$23,193,176
75$26,057,280$20,349,027$18,884,144$24,999,107
76$28,687,807$21,318,815$19,489,448$26,968,287
77$31,585,788$22,335,261$20,114,169$29,116,547
78$34,778,476$23,400,626$20,758,931$31,461,301
79$38,295,902$24,517,278$21,424,377$34,021,702
80$42,171,161$25,687,702$22,111,171$36,818,820
81$46,440,723$26,914,503$22,819,998$39,875,838
82$51,144,775$28,200,412$23,551,567$43,218,263
83$56,327,604$29,548,294$24,306,606$46,874,162
84$62,038,013$30,961,153$25,085,870$50,874,421
85$68,329,780$32,442,140$25,890,137$55,253,033
86$75,262,171$33,994,558$26,720,210$60,047,411
87$82,900,492$35,621,871$27,576,916$65,298,734
88$91,316,711$37,327,712$28,461,112$71,052,331
89$100,590,137$39,115,890$29,373,681$77,358,101
90$110,808,164$40,990,402$30,315,532$84,270,976
91$122,067,102$42,955,437$31,287,607$91,851,435
92$134,473,081$45,015,388$32,290,877$100,166,064
93$148,143,057$47,174,864$33,326,343$109,288,177
94$163,205,912$49,438,696$34,395,040$119,298,502
95$179,803,676$51,811,952$35,498,034$130,285,930
96$198,092,860$54,299,947$36,636,427$142,348,347
97$218,245,941$56,908,254$37,811,356$155,593,552
98$240,452,985$59,642,717$39,023,996$170,140,256
99$264,923,447$62,509,467$40,275,556$186,119,201
100$291,888,139$65,514,932$41,567,288$203,674,376