Can I retire at age 71 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,304,261
2 years$682,708$669,993$657,671$645,723$634,134$606,633
3 years$450,618$437,848$425,556$413,721$402,321$375,597
4 years$334,595$321,865$309,696$298,063$286,938$261,198
5 years$265,000$252,346$240,337$228,941$218,126$193,442
6 years$218,618$206,059$194,228$183,086$172,596$148,995
7 years$185,501$173,048$161,404$150,525$140,367$117,853
8 years$160,675$148,334$136,884$126,272$116,448$95,016
9 years$141,376$129,152$117,898$107,555$98,066$77,700
10 years$125,946$113,841$102,786$92,714$83,557$64,238
11 years$113,329$101,346$90,491$80,689$71,862$53,565
12 years$102,823$90,963$80,309$70,775$62,274$44,972
13 years$93,940$82,204$71,750$62,484$54,304$37,968
14 years$86,333$74,721$64,468$55,466$47,603$32,200
15 years$79,745$68,259$58,206$49,466$41,913$27,412
16 years$73,987$62,626$52,772$44,291$37,043$23,408
17 years$68,912$57,676$48,021$39,795$32,845$20,042
18 years$64,405$53,296$43,837$35,864$29,204$17,198
19 years$60,378$49,394$40,130$32,406$26,030$14,786
20 years$56,758$45,899$36,830$29,350$23,251$12,732
21 years$53,487$42,753$33,876$26,637$20,807$10,978
22 years$50,517$39,909$31,222$24,219$18,650$9,476
23 years$47,810$37,326$28,828$22,057$16,742$8,189
24 years$45,332$34,972$26,661$20,117$15,048$7,082
25 years$43,055$32,819$24,694$18,372$13,541$6,129
26 years$40,957$30,845$22,902$16,798$12,197$5,308
27 years$39,018$29,029$21,267$15,376$10,997$4,599
28 years$37,221$27,353$19,770$14,088$9,922$3,987
29 years$35,550$25,805$18,398$12,919$8,960$3,458
30 years$33,994$24,370$17,137$11,856$8,096$3,000
31 years$32,541$23,038$15,976$10,889$7,319$2,604
32 years$31,182$21,798$14,906$10,007$6,621$2,260
33 years$29,907$20,643$13,918$9,202$5,992$1,962
34 years$28,710$19,565$13,004$8,467$5,425$1,704
35 years$27,584$18,557$12,158$7,794$4,914$1,480
36 years$26,523$17,614$11,373$7,178$4,452$1,286
37 years$25,522$16,729$10,645$6,614$4,035$1,117
38 years$24,576$15,898$9,969$6,096$3,658$971
39 years$23,680$15,118$9,340$5,621$3,317$844
40 years$22,832$14,383$8,754$5,185$3,009$733
41 years$22,026$13,692$8,209$4,783$2,730$637
42 years$21,262$13,039$7,700$4,415$2,477$554
43 years$20,534$12,424$7,225$4,075$2,248$481
44 years$19,842$11,843$6,782$3,763$2,040$418
45 years$19,182$11,293$6,368$3,475$1,852$364
46 years$18,553$10,773$5,981$3,210$1,682$316
47 years$17,953$10,281$5,619$2,966$1,527$275
48 years$17,379$9,814$5,281$2,740$1,387$239
49 years$16,830$9,372$4,963$2,533$1,260$208
50 years$16,305$8,953$4,666$2,341$1,144$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,700,000, adding $2,851 every year, while hoping to spend $28,262 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: 67/20/13 Blend
70$16,700,000$16,700,000$16,700,000$16,700,000
71$18,406,341$17,521,241$17,262,391$19,585,140
72$20,253,717$18,349,711$17,810,610$21,199,324
73$22,288,578$19,217,829$18,376,248$22,959,949
74$24,530,019$20,127,508$18,959,858$24,884,236
75$26,999,078$21,080,753$19,562,010$26,988,218
76$29,718,941$22,079,668$20,183,295$29,289,532
77$32,715,159$23,126,457$20,824,321$31,807,590
78$36,015,884$24,223,433$21,485,715$34,563,746
79$39,652,143$25,373,019$22,168,125$37,581,503
80$43,658,123$26,577,759$22,872,218$40,886,728
81$48,071,499$27,840,316$23,598,685$44,507,890
82$52,933,787$29,163,487$24,348,237$48,476,322
83$58,290,737$30,550,202$25,121,606$52,826,518
84$64,192,764$32,003,533$25,919,551$57,596,447
85$70,695,423$33,526,703$26,742,853$62,827,909
86$77,859,935$35,123,091$27,592,318$68,566,924
87$85,753,766$36,796,239$28,468,778$74,864,159
88$94,451,259$38,549,864$29,373,091$81,775,400
89$104,034,340$40,387,860$30,306,143$89,362,072
90$114,593,291$42,314,314$31,268,847$97,691,815
91$126,227,600$44,333,508$32,262,146$106,839,108
92$139,046,900$46,449,935$33,287,013$116,885,974
93$153,172,008$48,668,306$34,344,452$127,922,738
94$168,736,060$50,993,560$35,435,498$140,048,875
95$185,885,771$53,430,878$36,561,220$153,373,944
96$204,782,820$55,985,691$37,722,721$168,018,603
97$225,605,374$58,663,696$38,921,139$184,115,751
98$248,549,771$61,470,866$40,157,646$201,811,762
99$273,832,376$64,413,467$41,433,455$221,267,864
100$301,691,617$67,498,066$42,749,816$242,661,646