Can I retire at age 71 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,264,773
2 years$666,356$653,946$641,918$630,257$618,945$583,921
3 years$439,824$427,361$415,363$403,811$392,684$358,744
4 years$326,581$314,155$302,278$290,923$280,066$247,471
5 years$258,653$246,302$234,580$223,457$212,901$181,741
6 years$213,382$201,124$189,576$178,700$168,462$138,766
7 years$181,058$168,903$157,538$146,919$137,004$108,775
8 years$156,827$144,781$133,605$123,247$113,658$86,881
9 years$137,990$126,058$115,074$104,979$95,717$70,366
10 years$122,929$111,114$100,324$90,493$81,556$57,600
11 years$110,615$98,918$88,324$78,756$70,140$47,543
12 years$100,360$88,784$78,385$69,080$60,782$39,501
13 years$91,690$80,235$70,032$60,987$53,003$32,993
14 years$84,265$72,931$62,924$54,137$46,462$27,677
15 years$77,835$66,624$56,812$48,281$40,909$23,300
16 years$72,215$61,126$51,508$43,230$36,156$19,672
17 years$67,261$56,295$46,870$38,842$32,058$16,649
18 years$62,863$52,019$42,787$35,005$28,505$14,119
19 years$58,932$48,211$39,169$31,630$25,407$11,994
20 years$55,399$44,800$35,948$28,647$22,694$10,204
21 years$52,206$41,729$33,065$25,999$20,308$8,691
22 years$49,307$38,953$30,474$23,639$18,204$7,410
23 years$46,665$36,432$28,138$21,528$16,341$6,323
24 years$44,246$34,134$26,023$19,635$14,687$5,400
25 years$42,024$32,033$24,102$17,932$13,216$4,614
26 years$39,976$30,106$22,353$16,396$11,905$3,945
27 years$38,084$28,333$20,757$15,008$10,733$3,374
28 years$36,329$26,698$19,296$13,750$9,685$2,887
29 years$34,699$25,187$17,957$12,609$8,745$2,471
30 years$33,180$23,786$16,726$11,572$7,902$2,116
31 years$31,762$22,486$15,593$10,628$7,144$1,812
32 years$30,435$21,276$14,549$9,768$6,462$1,552
33 years$29,191$20,149$13,584$8,982$5,848$1,330
34 years$28,023$19,097$12,692$8,264$5,295$1,140
35 years$26,924$18,113$11,867$7,608$4,796$977
36 years$25,888$17,192$11,101$7,007$4,345$837
37 years$24,911$16,328$10,390$6,456$3,938$717
38 years$23,987$15,518$9,730$5,950$3,570$615
39 years$23,113$14,756$9,116$5,486$3,238$527
40 years$22,285$14,039$8,544$5,060$2,937$452
41 years$21,499$13,364$8,012$4,669$2,664$388
42 years$20,752$12,727$7,515$4,309$2,418$332
43 years$20,042$12,126$7,052$3,978$2,194$285
44 years$19,367$11,559$6,620$3,673$1,992$244
45 years$18,723$11,023$6,216$3,392$1,808$209
46 years$18,109$10,515$5,838$3,133$1,642$180
47 years$17,523$10,035$5,485$2,895$1,491$154
48 years$16,963$9,579$5,154$2,675$1,354$132
49 years$16,427$9,148$4,845$2,472$1,229$113
50 years$15,914$8,738$4,555$2,285$1,117$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,300,000, adding $4,306 every year, while hoping to spend $28,138 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: 38/32/30 Blend
70$16,300,000$16,300,000$16,300,000$16,300,000
71$17,967,042$17,103,142$16,850,492$18,489,269
72$19,769,741$17,911,257$17,385,044$19,683,391
73$21,755,373$18,758,027$17,936,562$20,970,197
74$23,942,567$19,645,316$18,505,582$22,360,439
75$26,351,851$20,575,078$19,092,661$23,863,542
76$29,005,847$21,549,364$19,698,373$25,489,845
77$31,929,482$22,570,323$20,323,308$27,250,692
78$35,150,228$23,640,207$20,968,077$29,158,532
79$38,698,353$24,761,379$21,633,309$31,227,029
80$42,607,216$25,936,317$22,319,656$33,471,184
81$46,913,574$27,167,619$23,027,786$35,907,472
82$51,657,934$28,458,007$23,758,392$38,553,983
83$56,884,932$29,810,339$24,512,188$41,430,588
84$62,643,758$31,227,608$25,289,909$44,559,121
85$68,988,616$32,712,955$26,092,315$47,963,569
86$75,979,238$34,269,673$26,920,191$51,670,295
87$83,681,447$35,901,214$27,774,344$55,708,272
88$92,167,780$37,611,200$28,655,610$60,109,350
89$101,518,171$39,403,425$29,564,850$64,908,544
90$111,820,703$41,281,871$30,502,951$70,144,350
91$123,172,445$43,250,714$31,470,831$75,859,104
92$135,680,365$45,314,329$32,469,434$82,099,362
93$149,462,339$47,477,309$33,499,737$88,916,329
94$164,648,266$49,744,465$34,562,747$96,366,329
95$181,381,292$52,120,846$35,659,501$104,511,324
96$199,819,161$54,611,745$36,791,072$113,419,479
97$220,135,709$57,222,714$37,958,566$123,165,795
98$242,522,496$59,959,572$39,163,123$133,832,800
99$267,190,623$62,828,423$40,405,920$145,511,306
100$294,372,720$65,835,670$41,688,172$158,301,257