Can I retire at age 71 with 17,100,000?

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 $17,100,000?

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$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,335,501
2 years$699,060$686,041$673,423$661,189$649,323$621,163
3 years$461,411$448,335$435,749$423,630$411,957$384,593
4 years$342,609$329,574$317,114$305,202$293,811$267,454
5 years$271,347$258,390$246,093$234,424$223,351$198,075
6 years$223,855$210,995$198,880$187,471$176,730$152,563
7 years$189,945$177,193$165,270$154,130$143,729$120,676
8 years$164,524$151,887$140,162$129,296$119,237$97,291
9 years$144,762$132,245$120,722$110,132$100,415$79,561
10 years$128,962$116,568$105,248$94,934$85,558$65,776
11 years$116,044$103,773$92,659$82,621$73,583$54,848
12 years$105,286$93,141$82,232$72,470$63,765$46,049
13 years$96,190$84,173$73,469$63,980$55,605$38,877
14 years$88,400$76,511$66,012$56,794$48,743$32,971
15 years$81,655$69,894$59,600$50,651$42,917$28,068
16 years$75,759$64,126$54,036$45,352$37,930$23,969
17 years$70,563$59,058$49,171$40,749$33,631$20,522
18 years$65,948$54,572$44,887$36,723$29,904$17,610
19 years$61,824$50,577$41,092$33,182$26,654$15,140
20 years$58,117$46,998$37,712$30,053$23,808$13,036
21 years$54,768$43,777$34,688$27,275$21,305$11,241
22 years$51,727$40,864$31,970$24,799$19,097$9,703
23 years$48,955$38,220$29,519$22,585$17,143$8,385
24 years$46,417$35,809$27,300$20,599$15,408$7,252
25 years$44,086$33,605$25,285$18,812$13,865$6,276
26 years$41,938$31,584$23,451$17,201$12,489$5,435
27 years$39,953$29,724$21,776$15,744$11,260$4,710
28 years$38,112$28,009$20,244$14,425$10,160$4,083
29 years$36,402$26,423$18,838$13,228$9,174$3,541
30 years$34,808$24,954$17,547$12,140$8,290$3,072
31 years$33,320$23,589$16,359$11,150$7,495$2,666
32 years$31,928$22,320$15,263$10,247$6,779$2,314
33 years$30,624$21,138$14,251$9,423$6,135$2,009
34 years$29,398$20,034$13,315$8,670$5,555$1,745
35 years$28,245$19,002$12,449$7,981$5,031$1,516
36 years$27,159$18,035$11,646$7,350$4,559$1,317
37 years$26,133$17,130$10,900$6,772$4,132$1,144
38 years$25,164$16,279$10,208$6,242$3,746$994
39 years$24,247$15,480$9,563$5,756$3,397$864
40 years$23,378$14,728$8,964$5,309$3,081$751
41 years$22,554$14,020$8,405$4,898$2,795$652
42 years$21,771$13,352$7,884$4,520$2,536$567
43 years$21,026$12,722$7,398$4,173$2,302$493
44 years$20,317$12,126$6,945$3,853$2,089$429
45 years$19,642$11,564$6,521$3,558$1,897$373
46 years$18,998$11,031$6,125$3,287$1,722$324
47 years$18,383$10,527$5,754$3,037$1,564$282
48 years$17,795$10,049$5,407$2,806$1,420$245
49 years$17,233$9,597$5,082$2,593$1,290$213
50 years$16,696$9,167$4,778$2,397$1,172$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,100,000, adding $2,734 every year, while hoping to spend $45,693 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: 33/43/24 Blend
70$17,100,000$17,100,000$17,100,000$17,100,000
71$18,847,020$17,940,720$17,675,670$19,330,524
72$20,720,799$18,771,198$18,219,188$20,524,589
73$22,784,172$19,640,839$18,779,382$21,806,271
74$25,056,430$20,551,512$19,356,764$23,186,690
75$27,558,828$21,505,178$19,951,858$24,674,592
76$30,314,790$22,503,894$20,565,207$26,279,556
77$33,350,127$23,549,812$21,197,369$28,012,080
78$36,693,279$24,645,193$21,848,921$29,883,667
79$40,375,589$25,792,402$22,520,454$31,906,931
80$44,431,591$26,993,922$23,212,582$34,095,701
81$48,899,343$28,252,354$23,925,933$36,465,147
82$53,820,781$29,570,424$24,661,157$39,031,911
83$59,242,117$30,950,992$25,418,922$41,814,254
84$65,214,276$32,397,053$26,199,919$44,832,218
85$71,793,373$33,911,750$27,004,857$48,107,803
86$79,041,246$35,498,374$27,834,468$51,665,164
87$87,026,038$37,160,379$28,689,508$55,530,826
88$95,822,840$38,901,384$29,570,753$59,733,923
89$105,514,400$40,725,183$30,479,003$64,306,457
90$116,191,905$42,635,753$31,415,086$69,283,588
91$127,955,839$44,637,264$32,379,851$74,703,951
92$140,916,934$46,734,089$33,374,175$80,610,003
93$155,197,213$48,930,811$34,398,962$87,048,411
94$170,931,143$51,232,235$35,455,141$94,070,474
95$188,266,903$53,643,399$36,543,673$101,732,590
96$207,367,786$56,169,585$37,665,545$110,096,769
97$228,413,736$58,816,329$38,821,776$119,231,200
98$251,603,047$61,589,440$40,013,415$129,210,875
99$277,154,238$64,495,002$41,241,544$140,118,274
100$305,308,112$67,539,399$42,507,278$152,044,122