Can I retire at age 71 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,319,219
2 years$703,148$690,053$677,361$665,056$653,120$601,011
3 years$464,109$450,957$438,298$426,108$414,366$364,121
4 years$344,613$331,501$318,968$306,987$295,529$247,531
5 years$272,934$259,901$247,533$235,795$224,657$179,028
6 years$225,164$212,229$200,043$188,567$177,763$134,536
7 years$191,055$178,229$166,237$155,032$144,569$103,730
8 years$165,486$152,776$140,982$130,052$119,934$81,445
9 years$145,609$133,019$121,428$110,776$101,002$64,806
10 years$129,717$117,249$105,863$95,490$86,059$52,090
11 years$116,722$104,380$93,200$83,105$74,013$42,196
12 years$105,901$93,686$82,713$72,894$64,138$34,390
13 years$96,753$84,665$73,899$64,354$55,930$28,164
14 years$88,917$76,958$66,398$57,127$49,028$23,154
15 years$82,133$70,302$59,949$50,947$43,168$19,095
16 years$76,202$64,501$54,352$45,617$38,152$15,788
17 years$70,975$59,403$49,458$40,987$33,828$13,081
18 years$66,334$54,891$45,149$36,937$30,078$10,856
19 years$62,186$50,873$41,332$33,376$26,810$9,023
20 years$58,457$47,273$37,932$30,229$23,947$7,507
21 years$55,088$44,033$34,890$27,434$21,430$6,253
22 years$52,030$41,103$32,157$24,944$19,209$5,212
23 years$49,241$38,443$29,691$22,717$17,243$4,347
24 years$46,689$36,019$27,459$20,719$15,498$3,627
25 years$44,344$33,802$25,433$18,922$13,946$3,029
26 years$42,184$31,768$23,588$17,301$12,562$2,530
27 years$40,186$29,898$21,903$15,836$11,326$2,113
28 years$38,335$28,172$20,362$14,509$10,219$1,766
29 years$36,615$26,577$18,949$13,305$9,228$1,476
30 years$35,012$25,100$17,650$12,211$8,338$1,234
31 years$33,515$23,727$16,454$11,215$7,538$1,032
32 years$32,115$22,451$15,352$10,307$6,819$863
33 years$30,803$21,261$14,334$9,478$6,171$722
34 years$29,570$20,151$13,393$8,721$5,587$604
35 years$28,410$19,113$12,522$8,028$5,061$505
36 years$27,318$18,141$11,714$7,393$4,585$422
37 years$26,286$17,230$10,964$6,812$4,156$353
38 years$25,312$16,374$10,267$6,279$3,768$296
39 years$24,389$15,570$9,619$5,789$3,417$247
40 years$23,515$14,814$9,016$5,340$3,099$207
41 years$22,686$14,102$8,454$4,927$2,811$173
42 years$21,898$13,430$7,930$4,547$2,551$145
43 years$21,149$12,796$7,442$4,197$2,315$121
44 years$20,436$12,197$6,985$3,875$2,102$101
45 years$19,757$11,631$6,559$3,579$1,908$85
46 years$19,109$11,096$6,160$3,306$1,732$71
47 years$18,490$10,589$5,788$3,054$1,573$59
48 years$17,899$10,108$5,439$2,822$1,428$50
49 years$17,334$9,653$5,112$2,608$1,297$42
50 years$16,793$9,221$4,806$2,411$1,178$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,200,000, adding $4,529 every year, while hoping to spend $28,834 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: 56/31/13 Blend
70$17,200,000$17,200,000$17,200,000$17,200,000
71$18,959,072$18,047,472$17,780,872$19,957,470
72$20,862,218$18,901,119$18,345,852$21,488,156
73$22,958,518$19,795,628$18,928,792$23,151,105
74$25,267,645$20,732,971$19,530,264$24,961,815
75$27,811,274$21,715,216$20,150,858$26,934,415
76$30,613,293$22,744,531$20,791,180$29,084,431
77$33,700,023$23,823,187$21,451,859$31,428,932
78$37,100,472$24,953,570$22,133,543$33,986,680
79$40,846,602$26,138,177$22,836,899$36,778,303
80$44,973,637$27,379,629$23,562,616$39,826,482
81$49,520,391$28,680,674$24,311,407$43,156,161
82$54,529,637$30,044,192$25,084,004$46,794,769
83$60,048,507$31,473,205$25,881,166$50,772,479
84$66,128,943$32,970,881$26,703,674$55,122,479
85$72,828,182$34,540,540$27,552,333$59,881,279
86$80,209,296$36,185,666$28,427,976$65,089,049
87$88,341,792$37,909,912$29,331,461$70,789,985
88$97,302,264$39,717,107$30,263,674$77,032,719
89$107,175,117$41,611,267$31,225,529$83,870,767
90$118,053,364$43,596,604$32,217,969$91,363,027
91$130,039,503$45,677,533$33,241,967$99,574,319
92$143,246,486$47,858,686$34,298,526$108,575,989
93$157,798,784$50,144,918$35,388,684$118,446,569
94$173,833,563$52,541,322$36,513,508$129,272,506
95$191,501,977$55,053,238$37,674,101$141,148,966
96$210,970,598$57,686,266$38,871,603$154,180,717
97$232,422,984$60,446,277$40,107,186$168,483,105
98$256,061,414$63,339,431$41,382,063$184,183,125
99$282,108,800$66,372,185$42,697,484$201,420,608
100$310,810,787$69,551,311$44,054,739$220,349,523