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

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,271,981
2 years$662,268$649,934$637,980$626,390$615,148$595,218
3 years$437,126$424,739$412,815$401,334$390,275$370,865
4 years$324,577$312,228$300,424$289,139$278,348$259,607
5 years$257,066$244,791$233,141$222,086$211,595$193,578
6 years$212,073$199,890$188,413$177,604$167,428$150,155
7 years$179,948$167,867$156,572$146,018$136,164$119,641
8 years$155,865$143,893$132,785$122,491$112,961$97,185
9 years$137,143$125,285$114,368$104,335$95,130$80,093
10 years$122,175$110,433$99,709$89,938$81,055$66,746
11 years$109,936$98,312$87,782$78,273$69,710$56,114
12 years$99,744$88,239$77,904$68,656$60,409$47,509
13 years$91,127$79,742$69,602$60,613$52,678$40,456
14 years$83,748$72,484$62,538$53,805$46,177$34,613
15 years$77,358$66,215$56,463$47,985$40,658$29,731
16 years$71,772$60,751$51,192$42,965$35,934$25,622
17 years$66,849$55,950$46,583$38,604$31,861$22,142
18 years$62,477$51,700$42,524$34,790$28,330$19,181
19 years$58,570$47,915$38,929$31,436$25,251$16,649
20 years$55,059$44,525$35,727$28,471$22,555$14,476
21 years$51,886$41,473$32,862$25,839$20,184$12,606
22 years$49,005$38,714$30,287$23,494$18,092$10,991
23 years$46,378$36,208$27,965$21,396$16,240$9,594
24 years$43,974$33,925$25,863$19,515$14,597$8,382
25 years$41,766$31,837$23,954$17,822$13,135$7,330
26 years$39,731$29,921$22,216$16,295$11,832$6,414
27 years$37,850$28,159$20,630$14,916$10,667$5,616
28 years$36,106$26,534$19,178$13,666$9,625$4,920
29 years$34,486$25,032$17,847$12,532$8,691$4,313
30 years$32,976$23,640$16,624$11,501$7,853$3,782
31 years$31,567$22,348$15,498$10,563$7,100$3,318
32 years$30,248$21,146$14,460$9,708$6,423$2,911
33 years$29,012$20,025$13,501$8,927$5,812$2,555
34 years$27,851$18,979$12,615$8,214$5,262$2,243
35 years$26,759$18,002$11,794$7,561$4,766$1,970
36 years$25,729$17,086$11,033$6,964$4,319$1,730
37 years$24,758$16,228$10,327$6,416$3,914$1,520
38 years$23,840$15,422$9,670$5,914$3,549$1,335
39 years$22,971$14,665$9,060$5,453$3,218$1,173
40 years$22,148$13,953$8,492$5,029$2,919$1,031
41 years$21,367$13,282$7,963$4,640$2,648$906
42 years$20,625$12,649$7,469$4,282$2,403$797
43 years$19,919$12,052$7,009$3,953$2,181$700
44 years$19,248$11,488$6,579$3,650$1,979$616
45 years$18,608$10,955$6,178$3,371$1,797$541
46 years$17,998$10,451$5,802$3,114$1,631$476
47 years$17,415$9,973$5,451$2,877$1,481$418
48 years$16,858$9,521$5,122$2,658$1,345$368
49 years$16,326$9,092$4,815$2,457$1,222$323
50 years$15,817$8,685$4,527$2,271$1,110$284

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 $3,960 every year, while hoping to spend $23,799 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: 84/5/11 Blend
70$16,200,000$16,200,000$16,200,000$16,200,000
71$17,856,485$16,997,885$16,746,785$19,324,413
72$19,652,524$17,805,459$17,282,480$21,092,929
73$21,630,962$18,651,807$17,835,324$23,031,643
74$23,810,378$19,538,803$18,405,865$25,160,545
75$26,211,245$20,468,414$18,994,670$27,498,755
76$28,856,126$21,442,699$19,602,325$30,067,331
77$31,769,881$22,463,822$20,229,433$32,889,469
78$34,979,908$23,534,049$20,876,618$35,990,721
79$38,516,397$24,655,755$21,544,524$39,399,231
80$42,412,617$25,831,435$22,233,812$43,146,001
81$46,705,229$27,063,700$22,945,170$47,265,183
82$51,434,633$28,355,292$23,679,304$51,794,398
83$56,645,348$29,709,084$24,436,943$56,775,092
84$62,386,435$31,128,090$25,218,842$62,252,921
85$68,711,955$32,615,470$26,025,777$68,278,184
86$75,681,484$34,174,538$26,858,550$74,906,294
87$83,360,674$35,808,769$27,717,990$82,198,301
88$91,821,872$37,521,807$28,604,951$90,221,462
89$101,144,801$39,317,474$29,520,316$99,049,877
90$111,417,318$41,199,777$30,464,993$108,765,187
91$122,736,237$43,172,919$31,439,923$119,457,338
92$135,208,248$45,241,307$32,446,076$131,225,433
93$148,950,921$47,409,563$33,484,451$144,178,660
94$164,093,817$49,682,534$34,556,083$158,437,322
95$180,779,711$52,065,302$35,662,035$174,133,971
96$199,165,937$54,563,198$36,803,410$191,414,654
97$219,425,880$57,181,812$37,981,341$210,440,291
98$241,750,605$59,927,006$39,197,001$231,388,189
99$266,350,665$62,804,927$40,451,599$254,453,713
100$293,458,089$65,822,025$41,746,383$279,852,127