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%13.6%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,303,926
2 years$678,620$665,981$653,733$641,856$630,337$610,452
3 years$447,919$435,226$423,008$411,244$399,912$380,542
4 years$332,592$319,937$307,842$296,278$285,220$266,515
5 years$263,413$250,835$238,898$227,570$216,820$198,833
6 years$217,309$204,825$193,065$181,989$171,562$154,315
7 years$184,391$172,012$160,438$149,624$139,526$123,024
8 years$159,713$147,446$136,064$125,515$115,750$99,991
9 years$140,529$128,378$117,192$106,911$97,479$82,455
10 years$125,192$113,159$102,171$92,159$83,057$68,756
11 years$112,651$100,739$89,949$80,206$71,431$57,840
12 years$102,207$90,418$79,828$70,351$61,901$49,002
13 years$93,377$81,711$71,321$62,109$53,979$41,754
14 years$85,816$74,273$64,082$55,134$47,318$35,748
15 years$79,268$67,850$57,857$49,170$41,662$30,727
16 years$73,544$62,251$52,456$44,026$36,821$26,498
17 years$68,499$57,331$47,733$39,557$32,648$22,916
18 years$64,020$52,976$43,574$35,649$29,029$19,865
19 years$60,017$49,098$39,890$32,212$25,874$17,256
20 years$56,418$45,624$36,609$29,174$23,111$15,015
21 years$53,167$42,497$33,673$26,477$20,682$13,085
22 years$50,215$39,670$31,035$24,074$18,539$11,417
23 years$47,523$37,102$28,656$21,925$16,641$9,974
24 years$45,060$34,762$26,501$19,996$14,958$8,721
25 years$42,797$32,623$24,546$18,262$13,460$7,632
26 years$40,712$30,660$22,765$16,698$12,124$6,684
27 years$38,785$28,855$21,139$15,284$10,931$5,857
28 years$36,998$27,190$19,652$14,003$9,863$5,136
29 years$35,337$25,650$18,288$12,841$8,906$4,505
30 years$33,790$24,224$17,034$11,785$8,047$3,954
31 years$32,346$22,900$15,880$10,824$7,275$3,471
32 years$30,995$21,668$14,817$9,947$6,581$3,049
33 years$29,728$20,520$13,834$9,147$5,956$2,678
34 years$28,538$19,448$12,926$8,416$5,392$2,353
35 years$27,419$18,446$12,085$7,748$4,884$2,068
36 years$26,365$17,508$11,305$7,135$4,425$1,818
37 years$25,369$16,629$10,582$6,574$4,011$1,598
38 years$24,429$15,803$9,909$6,060$3,636$1,406
39 years$23,538$15,027$9,284$5,587$3,297$1,236
40 years$22,695$14,297$8,702$5,154$2,991$1,087
41 years$21,894$13,610$8,159$4,755$2,713$956
42 years$21,134$12,961$7,654$4,388$2,462$841
43 years$20,411$12,350$7,182$4,051$2,234$740
44 years$19,723$11,772$6,742$3,740$2,028$651
45 years$19,067$11,225$6,330$3,454$1,841$573
46 years$18,442$10,709$5,945$3,191$1,672$504
47 years$17,845$10,219$5,586$2,948$1,518$444
48 years$17,275$9,756$5,249$2,724$1,379$390
49 years$16,729$9,316$4,934$2,517$1,252$344
50 years$16,207$8,899$4,638$2,327$1,137$302

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 $3,174 every year, while hoping to spend $43,524 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: 50/43/7 Blend
70$16,600,000$16,600,000$16,600,000$16,600,000
71$18,296,474$17,416,674$17,159,374$19,178,648
72$20,116,405$18,223,782$17,687,904$20,587,418
73$22,120,511$19,068,979$18,232,681$22,112,444
74$24,327,530$19,954,087$18,794,203$23,768,492
75$26,758,113$20,881,012$19,372,984$25,567,839
76$29,435,015$21,851,756$19,969,553$27,523,963
77$32,383,310$22,868,415$20,584,456$29,651,666
78$35,630,627$23,933,187$21,218,255$31,967,203
79$39,207,413$25,048,375$21,871,529$34,488,433
80$43,147,219$26,216,396$22,544,875$37,234,973
81$47,487,016$27,439,779$23,238,909$40,228,381
82$52,267,543$28,721,181$23,954,264$43,492,350
83$57,533,696$30,063,381$24,691,595$47,052,916
84$63,334,944$31,469,298$25,451,574$50,938,704
85$69,725,802$32,941,988$26,234,897$55,181,181
86$76,766,346$34,484,657$27,042,277$59,814,944
87$84,522,773$36,100,665$27,874,453$64,878,039
88$93,068,032$37,793,534$28,732,184$70,412,305
89$102,482,512$39,566,958$29,616,253$76,463,758
90$112,854,798$41,424,808$30,527,466$83,083,014
91$124,282,507$43,371,144$31,466,656$90,325,750
92$136,873,213$45,410,220$32,434,680$98,253,223
93$150,745,459$47,546,499$33,432,419$106,932,825
94$166,029,875$49,784,657$34,460,785$116,438,710
95$182,870,417$52,129,599$35,520,716$126,852,477
96$201,425,716$54,586,467$36,613,177$138,263,921
97$221,870,585$57,160,650$37,739,164$150,771,869
98$244,397,664$59,857,800$38,899,705$164,485,088
99$269,219,237$62,683,844$40,095,857$179,523,298
100$296,569,241$65,644,994$41,328,710$196,018,277