Can I retire at age 71 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,263,663
2 years$662,268$649,934$637,980$626,390$615,148$586,931
3 years$437,126$424,739$412,815$401,334$390,275$362,870
4 years$324,577$312,228$300,424$289,139$278,348$251,966
5 years$257,066$244,791$233,141$222,086$211,595$186,311
6 years$212,073$199,890$188,413$177,604$167,428$143,268
7 years$179,948$167,867$156,572$146,018$136,164$113,132
8 years$155,865$143,893$132,785$122,491$112,961$91,050
9 years$137,143$125,285$114,368$104,335$95,130$74,323
10 years$122,175$110,433$99,709$89,938$81,055$61,332
11 years$109,936$98,312$87,782$78,273$69,710$51,045
12 years$99,744$88,239$77,904$68,656$60,409$42,773
13 years$91,127$79,742$69,602$60,613$52,678$36,039
14 years$83,748$72,484$62,538$53,805$46,177$30,502
15 years$77,358$66,215$56,463$47,985$40,658$25,912
16 years$71,772$60,751$51,192$42,965$35,934$22,081
17 years$66,849$55,950$46,583$38,604$31,861$18,865
18 years$62,477$51,700$42,524$34,790$28,330$16,153
19 years$58,570$47,915$38,929$31,436$25,251$13,856
20 years$55,059$44,525$35,727$28,471$22,555$11,904
21 years$51,886$41,473$32,862$25,839$20,184$10,241
22 years$49,005$38,714$30,287$23,494$18,092$8,820
23 years$46,378$36,208$27,965$21,396$16,240$7,603
24 years$43,974$33,925$25,863$19,515$14,597$6,560
25 years$41,766$31,837$23,954$17,822$13,135$5,664
26 years$39,731$29,921$22,216$16,295$11,832$4,893
27 years$37,850$28,159$20,630$14,916$10,667$4,230
28 years$36,106$26,534$19,178$13,666$9,625$3,658
29 years$34,486$25,032$17,847$12,532$8,691$3,165
30 years$32,976$23,640$16,624$11,501$7,853$2,739
31 years$31,567$22,348$15,498$10,563$7,100$2,371
32 years$30,248$21,146$14,460$9,708$6,423$2,053
33 years$29,012$20,025$13,501$8,927$5,812$1,778
34 years$27,851$18,979$12,615$8,214$5,262$1,540
35 years$26,759$18,002$11,794$7,561$4,766$1,334
36 years$25,729$17,086$11,033$6,964$4,319$1,156
37 years$24,758$16,228$10,327$6,416$3,914$1,002
38 years$23,840$15,422$9,670$5,914$3,549$868
39 years$22,971$14,665$9,060$5,453$3,218$753
40 years$22,148$13,953$8,492$5,029$2,919$653
41 years$21,367$13,282$7,963$4,640$2,648$566
42 years$20,625$12,649$7,469$4,282$2,403$490
43 years$19,919$12,052$7,009$3,953$2,181$425
44 years$19,248$11,488$6,579$3,650$1,979$369
45 years$18,608$10,955$6,178$3,371$1,797$320
46 years$17,998$10,451$5,802$3,114$1,631$277
47 years$17,415$9,973$5,451$2,877$1,481$240
48 years$16,858$9,521$5,122$2,658$1,345$208
49 years$16,326$9,092$4,815$2,457$1,222$181
50 years$15,817$8,685$4,527$2,271$1,110$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,200,000, adding $2,986 every year, while hoping to spend $43,454 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: 71/13/16 Blend
70$16,200,000$16,200,000$16,200,000$16,200,000
71$17,855,480$16,996,880$16,745,780$19,057,172
72$19,630,504$17,783,492$17,260,529$20,642,526
73$21,585,125$18,607,192$17,791,066$22,372,040
74$23,737,614$19,469,752$18,337,873$24,264,364
75$26,108,108$20,373,026$18,901,449$26,335,589
76$28,718,793$21,318,963$19,482,306$28,603,424
77$31,594,120$22,309,602$20,080,973$31,087,365
78$34,761,029$23,347,082$20,697,995$33,808,873
79$38,249,209$24,433,644$21,333,932$36,791,575
80$42,091,374$25,571,638$21,989,365$40,061,485
81$46,323,573$26,763,527$22,664,887$43,647,241
82$50,985,531$28,011,893$23,361,114$47,580,380
83$56,121,023$29,319,444$24,078,679$51,895,626
84$61,778,286$30,689,016$24,818,234$56,631,216
85$68,010,478$32,123,583$25,580,451$61,829,257
86$74,876,173$33,626,266$26,366,023$67,536,120
87$82,439,920$35,200,331$27,175,663$73,802,874
88$90,772,851$36,849,206$28,010,106$80,685,762
89$99,953,349$38,576,484$28,870,112$88,246,728
90$110,067,790$40,385,931$29,756,460$96,553,997
91$121,211,359$42,281,496$30,669,956$105,682,717
92$133,488,946$44,267,318$31,611,428$115,715,656
93$147,016,140$46,347,737$32,581,731$126,743,986
94$161,920,313$48,527,304$33,581,747$138,868,135
95$178,341,831$50,810,788$34,612,381$152,198,726
96$196,435,372$53,203,190$35,674,570$166,857,620
97$216,371,388$55,709,754$36,769,276$182,979,056
98$238,337,715$58,335,978$37,897,492$200,710,916
99$262,541,346$61,087,625$39,060,242$220,216,109
100$289,210,382$63,970,737$40,258,579$241,674,107