Can I retire at age 71 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,296,606
2 years$674,532$661,969$649,794$637,990$626,540$607,310
3 years$445,221$432,604$420,460$408,766$397,502$378,767
4 years$330,588$318,010$305,987$294,493$283,502$265,406
5 years$261,826$249,324$237,459$226,199$215,514$198,110
6 years$216,000$203,592$191,902$180,893$170,529$153,837
7 years$183,280$170,976$159,471$148,722$138,686$122,712
8 years$158,751$146,558$135,244$124,759$115,053$99,795
9 years$139,683$127,605$116,486$106,267$96,891$82,341
10 years$124,437$112,478$101,555$91,603$82,556$68,703
11 years$111,972$100,132$89,407$79,722$71,001$57,832
12 years$101,592$89,873$79,347$69,927$61,528$49,026
13 years$92,815$81,219$70,891$61,735$53,654$41,802
14 years$85,299$73,826$63,696$54,802$47,032$35,813
15 years$78,790$67,441$57,509$48,873$41,411$30,804
16 years$73,101$61,876$52,140$43,761$36,599$26,583
17 years$68,087$56,986$47,446$39,319$32,451$23,006
18 years$63,634$52,657$43,312$35,434$28,854$19,958
19 years$59,655$48,802$39,650$32,018$25,718$17,348
20 years$56,078$45,349$36,389$28,998$22,972$15,107
21 years$52,846$42,241$33,470$26,318$20,558$13,175
22 years$49,912$39,431$30,848$23,929$18,427$11,505
23 years$47,237$36,879$28,483$21,793$16,541$10,058
24 years$44,789$34,553$26,342$19,876$14,867$8,801
25 years$42,540$32,426$24,398$18,152$13,378$7,708
26 years$40,467$30,475$22,628$16,597$12,051$6,756
27 years$38,551$28,681$21,012$15,192$10,865$5,925
28 years$36,775$27,026$19,533$13,919$9,804$5,200
29 years$35,124$25,496$18,177$12,764$8,852$4,565
30 years$33,587$24,078$16,932$11,714$7,999$4,010
31 years$32,151$22,762$15,785$10,759$7,232$3,523
32 years$30,808$21,537$14,727$9,887$6,541$3,097
33 years$29,549$20,396$13,751$9,092$5,920$2,723
34 years$28,367$19,331$12,848$8,366$5,360$2,394
35 years$27,254$18,335$12,012$7,701$4,855$2,106
36 years$26,206$17,403$11,237$7,092$4,399$1,853
37 years$25,216$16,529$10,518$6,535$3,987$1,631
38 years$24,281$15,708$9,849$6,023$3,614$1,435
39 years$23,397$14,937$9,228$5,554$3,277$1,263
40 years$22,558$14,211$8,649$5,123$2,973$1,112
41 years$21,763$13,528$8,110$4,726$2,697$979
42 years$21,007$12,883$7,608$4,362$2,447$862
43 years$20,288$12,275$7,139$4,026$2,221$759
44 years$19,604$11,701$6,701$3,718$2,016$668
45 years$18,953$11,158$6,292$3,433$1,830$589
46 years$18,331$10,644$5,910$3,171$1,662$518
47 years$17,738$10,158$5,552$2,930$1,509$457
48 years$17,171$9,697$5,217$2,707$1,370$402
49 years$16,629$9,260$4,904$2,502$1,245$354
50 years$16,110$8,846$4,610$2,313$1,130$312

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,500,000, adding $2,793 every year, while hoping to spend $59,674 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: 38/37/25 Blend
70$16,500,000$16,500,000$16,500,000$16,500,000
71$18,185,881$17,311,381$17,055,631$18,741,146
72$19,977,348$18,096,146$17,563,502$19,931,485
73$21,949,545$18,917,364$18,086,387$21,211,333
74$24,120,843$19,776,760$18,624,725$22,593,370
75$26,511,485$20,676,137$19,178,969$24,086,893
76$29,143,778$21,617,389$19,749,586$25,702,096
77$32,042,300$22,602,498$20,337,054$27,450,167
78$35,234,136$23,633,542$20,941,867$29,343,380
79$38,749,131$24,712,698$21,564,532$31,395,210
80$42,620,170$25,842,248$22,205,572$33,620,449
81$46,883,491$27,024,582$22,865,523$36,035,339
82$51,579,028$28,262,207$23,544,938$38,657,718
83$56,750,782$29,557,748$24,244,386$41,507,178
84$62,447,241$30,913,958$24,964,453$44,605,244
85$68,721,838$32,333,720$25,705,740$47,975,566
86$75,633,450$33,820,057$26,468,868$51,644,133
87$83,246,960$35,376,138$27,254,472$55,639,510
88$91,633,862$37,005,281$28,063,210$59,993,094
89$100,872,944$38,710,968$28,895,755$64,739,403
90$111,051,024$40,496,844$29,752,802$69,916,389
91$122,263,772$42,366,733$30,635,065$75,565,782
92$134,616,615$44,324,642$31,543,278$81,733,477
93$148,225,729$46,374,769$32,478,197$88,469,948
94$163,219,137$48,521,516$33,440,600$95,830,715
95$179,737,916$50,769,497$34,431,287$103,876,855
96$197,937,528$53,123,547$35,451,080$112,675,558
97$217,989,291$55,588,736$36,500,826$122,300,750
98$240,081,991$58,170,376$37,581,396$132,833,777
99$264,423,667$60,874,037$38,693,685$144,364,149
100$291,243,572$63,705,557$39,838,616$156,990,374