Can I retire at age 71 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,318,130
2 years$678,620$665,981$653,733$641,856$630,337$624,706
3 years$447,919$435,226$423,008$411,244$399,912$394,402
4 years$332,592$319,937$307,842$296,278$285,220$279,874
5 years$263,413$250,835$238,898$227,570$216,820$211,652
6 years$217,309$204,825$193,065$181,989$171,562$166,581
7 years$184,391$172,012$160,438$149,624$139,526$134,733
8 years$159,713$147,446$136,064$125,515$115,750$111,146
9 years$140,529$128,378$117,192$106,911$97,479$93,062
10 years$125,192$113,159$102,171$92,159$83,057$78,826
11 years$112,651$100,739$89,949$80,206$71,431$67,384
12 years$102,207$90,418$79,828$70,351$61,901$58,034
13 years$93,377$81,711$71,321$62,109$53,979$50,288
14 years$85,816$74,273$64,082$55,134$47,318$43,799
15 years$79,268$67,850$57,857$49,170$41,662$38,312
16 years$73,544$62,251$52,456$44,026$36,821$33,634
17 years$68,499$57,331$47,733$39,557$32,648$29,620
18 years$64,020$52,976$43,574$35,649$29,029$26,155
19 years$60,017$49,098$39,890$32,212$25,874$23,150
20 years$56,418$45,624$36,609$29,174$23,111$20,531
21 years$53,167$42,497$33,673$26,477$20,682$18,240
22 years$50,215$39,670$31,035$24,074$18,539$16,230
23 years$47,523$37,102$28,656$21,925$16,641$14,461
24 years$45,060$34,762$26,501$19,996$14,958$12,901
25 years$42,797$32,623$24,546$18,262$13,460$11,521
26 years$40,712$30,660$22,765$16,698$12,124$10,298
27 years$38,785$28,855$21,139$15,284$10,931$9,213
28 years$36,998$27,190$19,652$14,003$9,863$8,248
29 years$35,337$25,650$18,288$12,841$8,906$7,389
30 years$33,790$24,224$17,034$11,785$8,047$6,623
31 years$32,346$22,900$15,880$10,824$7,275$5,940
32 years$30,995$21,668$14,817$9,947$6,581$5,330
33 years$29,728$20,520$13,834$9,147$5,956$4,784
34 years$28,538$19,448$12,926$8,416$5,392$4,296
35 years$27,419$18,446$12,085$7,748$4,884$3,859
36 years$26,365$17,508$11,305$7,135$4,425$3,467
37 years$25,369$16,629$10,582$6,574$4,011$3,116
38 years$24,429$15,803$9,909$6,060$3,636$2,801
39 years$23,538$15,027$9,284$5,587$3,297$2,519
40 years$22,695$14,297$8,702$5,154$2,991$2,266
41 years$21,894$13,610$8,159$4,755$2,713$2,038
42 years$21,134$12,961$7,654$4,388$2,462$1,833
43 years$20,411$12,350$7,182$4,051$2,234$1,650
44 years$19,723$11,772$6,742$3,740$2,028$1,484
45 years$19,067$11,225$6,330$3,454$1,841$1,336
46 years$18,442$10,709$5,945$3,191$1,672$1,202
47 years$17,845$10,219$5,586$2,948$1,518$1,082
48 years$17,275$9,756$5,249$2,724$1,379$974
49 years$16,729$9,316$4,934$2,517$1,252$877
50 years$16,207$8,899$4,638$2,327$1,137$790

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,600,000, adding $6,666 every year, while hoping to spend $20,937 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: 66/20/14 Blend
70$16,600,000$16,600,000$16,600,000$16,600,000
71$18,300,076$17,420,276$17,162,976$19,447,534
72$20,144,407$18,251,593$17,715,659$21,045,715
73$22,176,158$19,122,942$18,286,155$22,788,860
74$24,414,424$20,036,264$18,875,039$24,693,675
75$26,880,246$20,993,592$19,482,904$26,775,978
76$29,596,812$21,997,059$20,110,362$29,053,168
77$32,589,673$23,048,901$20,758,045$31,544,390
78$35,886,987$24,151,464$21,426,607$34,270,712
79$39,519,781$25,307,208$22,116,720$37,255,312
80$43,522,249$26,518,711$22,829,080$40,523,703
81$47,932,069$27,788,679$23,564,405$44,103,960
82$52,790,763$29,119,947$24,323,435$48,026,986
83$58,144,087$30,515,490$25,106,937$52,326,793
84$64,042,463$31,978,429$25,915,698$57,040,825
85$70,541,455$33,512,032$26,750,535$62,210,298
86$77,702,294$35,119,733$27,612,289$67,880,588
87$85,592,456$36,805,127$28,501,828$74,101,652
88$94,286,297$38,571,989$29,420,049$80,928,493
89$103,865,756$40,424,274$30,367,879$88,421,671
90$114,421,132$42,366,132$31,346,271$96,647,869
91$126,051,930$44,401,915$32,356,214$105,680,517
92$138,867,804$46,536,186$33,398,724$115,600,473
93$152,989,593$48,773,731$34,474,854$126,496,782
94$168,550,458$51,119,571$35,585,688$138,467,504
95$185,697,143$53,578,968$36,732,347$151,620,636
96$204,591,358$56,157,444$37,915,987$166,075,119
97$225,411,306$58,860,788$39,137,802$181,961,950
98$248,353,364$61,695,072$40,399,024$199,425,412
99$273,633,941$64,666,664$41,700,925$218,624,422
100$301,491,516$67,782,244$43,044,818$239,734,022