Can I retire at age 71 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,286,503
2 years$686,796$674,005$661,609$649,590$637,931$585,040
3 years$453,316$440,470$428,105$416,198$404,730$353,765
4 years$336,599$323,792$311,551$299,847$288,657$240,006
5 years$266,587$253,857$241,776$230,312$219,432$173,220
6 years$219,927$207,293$195,391$184,182$173,629$129,885
7 years$186,612$174,085$162,371$151,426$141,207$99,915
8 years$161,637$149,223$137,703$127,028$117,145$78,262
9 years$142,223$129,925$118,604$108,199$98,653$62,121
10 years$126,700$114,523$103,402$93,269$84,057$49,805
11 years$114,008$101,953$91,033$81,172$72,292$40,240
12 years$103,439$91,507$80,790$71,199$62,647$32,708
13 years$94,503$82,696$72,180$62,858$54,629$26,713
14 years$86,849$75,168$64,854$55,798$47,888$21,900
15 years$80,223$68,668$58,555$49,762$42,164$18,009
16 years$74,430$63,001$53,088$44,557$37,265$14,847
17 years$69,325$58,022$48,308$40,034$33,041$12,265
18 years$64,791$53,615$44,099$36,078$29,379$10,148
19 years$60,740$49,690$40,371$32,600$26,186$8,409
20 years$57,098$46,174$37,050$29,526$23,390$6,975
21 years$53,807$43,009$34,079$26,796$20,931$5,791
22 years$50,820$40,148$31,409$24,364$18,762$4,812
23 years$48,096$37,549$29,001$22,189$16,842$4,001
24 years$45,603$35,181$26,821$20,237$15,138$3,328
25 years$43,313$33,016$24,841$18,482$13,622$2,770
26 years$41,203$31,029$23,039$16,899$12,270$2,306
27 years$39,252$29,202$21,394$15,468$11,062$1,920
28 years$37,444$27,517$19,888$14,172$9,982$1,600
29 years$35,763$25,959$18,508$12,996$9,013$1,333
30 years$34,198$24,516$17,239$11,927$8,144$1,111
31 years$32,736$23,176$16,072$10,954$7,363$926
32 years$31,368$21,929$14,995$10,067$6,660$772
33 years$30,086$20,767$14,001$9,258$6,028$643
34 years$28,882$19,682$13,082$8,518$5,457$536
35 years$27,750$18,668$12,231$7,841$4,943$447
36 years$26,682$17,719$11,441$7,221$4,479$373
37 years$25,675$16,829$10,709$6,654$4,059$311
38 years$24,723$15,994$10,028$6,133$3,680$259
39 years$23,822$15,208$9,396$5,655$3,337$216
40 years$22,968$14,469$8,807$5,216$3,027$180
41 years$22,158$13,774$8,258$4,812$2,746$150
42 years$21,389$13,117$7,746$4,441$2,492$125
43 years$20,657$12,498$7,269$4,100$2,261$105
44 years$19,961$11,913$6,823$3,785$2,053$87
45 years$19,297$11,361$6,406$3,496$1,863$73
46 years$18,664$10,838$6,017$3,229$1,692$61
47 years$18,060$10,342$5,653$2,983$1,536$51
48 years$17,483$9,873$5,312$2,757$1,395$42
49 years$16,931$9,428$4,993$2,548$1,267$35
50 years$16,403$9,006$4,694$2,355$1,151$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,800,000, adding $5,321 every year, while hoping to spend $37,548 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: 49/40/11 Blend
70$16,800,000$16,800,000$16,800,000$16,800,000
71$18,519,089$17,628,689$17,368,289$19,371,047
72$20,368,085$18,452,544$17,910,175$20,780,091
73$22,404,420$19,315,509$18,468,957$22,305,389
74$24,647,164$20,219,462$19,045,160$23,961,325
75$27,117,328$21,166,369$19,639,326$25,760,133
76$29,838,068$22,158,294$20,252,016$27,715,244
77$32,834,899$23,197,398$20,883,807$29,841,410
78$36,135,937$24,285,949$21,535,293$32,154,833
79$39,772,165$25,426,323$22,207,088$34,673,308
80$43,777,725$26,621,011$22,899,824$37,416,390
81$48,190,239$27,872,627$23,614,154$40,405,564
82$53,051,166$29,183,908$24,350,751$43,664,443
83$58,406,191$30,557,726$25,110,307$47,218,979
84$64,305,659$31,997,091$25,893,539$51,097,703
85$70,805,047$33,505,159$26,701,183$55,331,978
86$77,965,489$35,085,239$27,534,000$59,956,292
87$85,854,353$36,740,800$28,392,773$65,008,566
88$94,545,877$38,475,479$29,278,311$70,530,506
89$104,121,870$40,293,091$30,191,448$76,567,982
90$114,672,482$42,197,634$31,133,043$83,171,450
91$126,297,058$44,193,300$32,103,982$90,396,412
92$139,105,071$46,284,486$33,105,179$98,303,931
93$153,217,162$48,475,799$34,137,576$106,961,192
94$168,766,272$50,772,073$35,202,144$116,442,120
95$185,898,901$53,178,374$36,299,886$126,828,061
96$204,776,491$55,700,016$37,431,834$138,208,536
97$225,576,946$58,342,570$38,599,053$150,682,071
98$248,496,315$61,111,876$39,802,642$164,357,102
99$273,750,640$64,014,059$41,043,732$179,352,989
100$301,578,000$67,055,542$42,323,491$195,801,115