Can I retire at age 71 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,260,356
2 years$670,444$657,958$645,856$634,123$622,742$575,505
3 years$442,523$429,982$417,912$406,289$395,093$349,507
4 years$328,585$316,083$304,133$292,708$281,784$238,196
5 years$260,239$247,813$236,019$224,828$214,208$172,732
6 years$214,691$202,358$190,739$179,797$169,495$130,162
7 years$182,169$169,940$158,505$147,821$137,845$100,646
8 years$157,789$145,670$134,425$124,003$114,356$79,258
9 years$138,836$126,832$115,780$105,623$96,304$63,260
10 years$123,683$111,796$100,940$91,048$82,056$51,008
11 years$111,293$99,525$88,866$79,239$70,571$41,454
12 years$100,976$89,329$78,866$69,503$61,155$33,899
13 years$92,252$80,727$70,462$61,361$53,328$27,857
14 years$84,782$73,379$63,310$54,470$46,747$22,982
15 years$78,313$67,033$57,160$48,577$41,160$19,021
16 years$72,658$61,501$51,824$43,496$36,377$15,784
17 years$67,674$56,640$47,158$39,081$32,255$13,126
18 years$63,249$52,338$43,049$35,219$28,679$10,934
19 years$59,294$48,506$39,409$31,824$25,563$9,122
20 years$55,738$45,075$36,168$28,823$22,833$7,619
21 years$52,526$41,985$33,268$26,158$20,433$6,370
22 years$49,610$39,192$30,661$23,784$18,315$5,331
23 years$46,951$36,655$28,310$21,660$16,441$4,464
24 years$44,517$34,343$26,182$19,756$14,777$3,740
25 years$42,282$32,230$24,250$18,042$13,297$3,135
26 years$40,222$30,291$22,491$16,497$11,978$2,629
27 years$38,317$28,507$20,885$15,100$10,799$2,205
28 years$36,552$26,862$19,415$13,835$9,744$1,850
29 years$34,912$25,341$18,067$12,687$8,799$1,553
30 years$33,383$23,932$16,829$11,643$7,950$1,304
31 years$31,956$22,624$15,689$10,693$7,188$1,095
32 years$30,621$21,407$14,638$9,827$6,502$919
33 years$29,370$20,273$13,668$9,037$5,884$772
34 years$28,195$19,214$12,770$8,315$5,327$648
35 years$27,089$18,224$11,939$7,654$4,825$545
36 years$26,047$17,297$11,169$7,049$4,372$457
37 years$25,064$16,428$10,454$6,495$3,962$384
38 years$24,134$15,613$9,790$5,987$3,592$323
39 years$23,255$14,846$9,172$5,520$3,258$271
40 years$22,421$14,125$8,597$5,091$2,955$228
41 years$21,631$13,446$8,061$4,698$2,681$191
42 years$20,880$12,805$7,562$4,335$2,432$161
43 years$20,165$12,201$7,096$4,002$2,208$135
44 years$19,486$11,630$6,660$3,695$2,004$114
45 years$18,838$11,090$6,254$3,413$1,819$95
46 years$18,220$10,580$5,874$3,152$1,652$80
47 years$17,630$10,096$5,518$2,912$1,500$67
48 years$17,067$9,638$5,186$2,691$1,362$57
49 years$16,528$9,204$4,874$2,487$1,237$48
50 years$16,012$8,792$4,582$2,299$1,124$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,400,000, adding $4,573 every year, while hoping to spend $22,289 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: 61/17/22 Blend
70$16,400,000$16,400,000$16,400,000$16,400,000
71$18,077,517$17,208,317$16,954,117$19,075,318
72$19,897,708$18,027,809$17,498,365$20,570,988
73$21,902,812$18,886,710$18,060,098$22,199,806
74$24,111,666$19,786,925$18,639,878$23,977,062
75$26,545,029$20,730,457$19,238,286$25,917,199
76$29,225,774$21,719,402$19,855,921$28,036,103
77$32,179,109$22,755,959$20,493,401$30,351,254
78$35,432,813$23,842,435$21,151,364$32,881,879
79$39,017,494$24,981,249$21,830,469$35,649,136
80$42,966,885$26,174,937$22,531,397$38,676,308
81$47,318,156$27,426,158$23,254,847$41,989,015
82$52,112,270$28,737,701$24,001,546$45,615,455
83$57,394,364$30,112,491$24,772,241$49,586,663
84$63,214,181$31,553,595$25,567,703$53,936,799
85$69,626,535$33,064,229$26,388,729$58,703,464
86$76,691,832$34,647,767$27,236,141$63,928,054
87$84,476,636$36,307,744$28,110,789$69,656,137
88$93,054,300$38,047,871$29,013,548$75,937,884
89$102,505,659$39,872,037$29,945,322$82,828,533
90$112,919,791$41,784,321$30,907,045$90,388,904
91$124,394,859$43,789,002$31,899,680$98,685,966
92$137,039,037$45,890,566$32,924,222$107,793,463
93$150,971,533$48,093,717$33,981,697$117,792,599
94$166,323,709$50,403,390$35,073,164$128,772,802
95$183,240,331$52,824,759$36,199,718$140,832,555
96$201,880,922$55,363,250$37,362,487$154,080,321
97$222,421,282$58,024,555$38,562,636$168,635,552
98$245,055,136$60,814,642$39,801,367$184,629,815
99$269,995,971$63,739,769$41,079,924$202,208,016
100$297,479,044$66,806,503$42,399,585$221,529,764