Can I retire at age 71 with 17,000,000?

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 $17,000,000?

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$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,335,897
2 years$694,972$682,029$669,485$657,323$645,526$625,713
3 years$458,713$445,714$433,201$421,153$409,548$390,245
4 years$340,606$327,647$315,260$303,417$292,093$273,449
5 years$269,760$256,879$244,654$233,053$222,044$204,113
6 years$222,546$209,761$197,717$186,375$175,696$158,499
7 years$188,834$176,157$164,304$153,229$142,888$126,430
8 years$163,562$150,999$139,343$128,540$118,539$102,819
9 years$143,916$131,472$120,016$109,487$99,827$84,836
10 years$128,208$115,886$104,632$94,379$85,058$70,785
11 years$115,365$103,166$92,117$82,138$73,153$59,584
12 years$104,670$92,597$81,751$72,046$63,393$50,512
13 years$95,628$83,680$73,039$63,606$55,280$43,069
14 years$87,883$76,063$65,626$56,462$48,458$36,898
15 years$81,178$69,485$59,252$50,355$42,666$31,737
16 years$75,316$63,751$53,720$45,087$37,708$27,389
17 years$70,150$58,712$48,883$40,510$33,435$23,703
18 years$65,562$54,253$44,624$36,508$29,729$20,562
19 years$61,463$50,281$40,851$32,988$26,498$17,874
20 years$57,778$46,724$37,491$29,877$23,668$15,565
21 years$54,448$43,521$34,485$27,115$21,180$13,574
22 years$51,425$40,625$31,783$24,654$18,985$11,853
23 years$48,669$37,996$29,346$22,453$17,042$10,363
24 years$46,146$35,600$27,140$20,478$15,318$9,068
25 years$43,829$33,409$25,137$18,702$13,784$7,942
26 years$41,693$31,399$23,313$17,100$12,416$6,961
27 years$39,719$29,550$21,649$15,652$11,194$6,105
28 years$37,889$27,845$20,125$14,341$10,101$5,357
29 years$36,189$26,268$18,728$13,151$9,121$4,703
30 years$34,605$24,808$17,445$12,069$8,241$4,131
31 years$33,126$23,452$16,263$11,085$7,451$3,630
32 years$31,742$22,190$15,174$10,187$6,740$3,190
33 years$30,445$21,014$14,168$9,368$6,099$2,805
34 years$29,226$19,917$13,238$8,619$5,522$2,467
35 years$28,080$18,891$12,376$7,934$5,002$2,170
36 years$27,000$17,930$11,578$7,307$4,532$1,909
37 years$25,981$17,029$10,836$6,733$4,107$1,680
38 years$25,017$16,184$10,148$6,206$3,724$1,478
39 years$24,106$15,389$9,507$5,722$3,377$1,301
40 years$23,242$14,642$8,911$5,278$3,063$1,146
41 years$22,422$13,938$8,356$4,869$2,779$1,009
42 years$21,643$13,274$7,838$4,494$2,521$888
43 years$20,903$12,647$7,355$4,148$2,288$782
44 years$20,198$12,055$6,904$3,830$2,077$689
45 years$19,527$11,496$6,483$3,537$1,886$606
46 years$18,886$10,967$6,089$3,268$1,712$534
47 years$18,275$10,465$5,720$3,019$1,555$470
48 years$17,691$9,991$5,375$2,790$1,412$414
49 years$17,132$9,541$5,053$2,578$1,282$365
50 years$16,598$9,114$4,750$2,383$1,165$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,000,000, adding $5,624 every year, while hoping to spend $29,331 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: 39/32/29 Blend
70$17,000,000$17,000,000$17,000,000$17,000,000
71$18,739,801$17,838,801$17,575,301$19,309,324
72$20,620,053$18,681,694$18,132,866$20,569,883
73$22,691,107$19,564,906$18,708,126$21,928,936
74$24,972,395$20,490,382$19,301,643$23,398,003
75$27,485,329$21,460,160$19,913,997$24,987,147
76$30,253,502$22,476,378$20,545,786$26,707,403
77$33,302,917$23,541,277$21,197,627$28,570,885
78$36,662,223$24,657,209$21,870,157$30,590,886
79$40,362,995$25,826,638$22,564,032$32,782,000
80$44,440,025$27,052,147$23,279,931$35,160,250
81$48,931,651$28,336,446$24,018,553$37,743,232
82$53,880,124$29,682,376$24,780,619$40,550,276
83$59,332,000$31,092,916$25,566,873$43,602,613
84$65,338,585$32,571,190$26,378,084$46,923,573
85$71,956,416$34,120,473$27,215,045$50,538,790
86$79,247,794$35,744,200$28,078,573$54,476,439
87$87,281,375$37,445,972$28,969,511$58,767,489
88$96,132,816$39,229,565$29,888,730$63,445,983
89$105,885,489$41,098,939$30,837,128$68,549,353
90$116,631,269$43,058,248$31,815,633$74,118,756
91$128,471,401$45,111,845$32,825,199$80,199,454
92$141,517,454$47,264,295$33,866,813$86,841,224
93$155,892,377$49,520,388$34,941,494$94,098,821
94$171,731,656$51,885,144$36,050,291$102,032,473
95$189,184,597$54,363,828$37,194,288$110,708,443
96$208,415,732$56,961,962$38,374,602$120,199,630
97$229,606,373$59,685,334$39,592,388$130,586,249
98$252,956,325$62,540,017$40,848,835$141,956,566
99$278,685,770$65,532,378$42,145,171$154,407,718
100$307,037,348$68,669,094$43,482,663$168,046,606