Can I retire at age 71 with 17,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,328,467
2 years$707,237$694,065$681,300$668,923$656,917$606,052
3 years$466,808$453,579$440,846$428,585$416,775$367,705
4 years$346,617$333,429$320,823$308,772$297,248$250,346
5 years$274,521$261,412$248,972$237,166$225,963$181,351
6 years$226,473$213,463$201,206$189,664$178,797$136,507
7 years$192,166$179,266$167,203$155,933$145,410$105,431
8 years$166,448$153,664$141,802$130,808$120,631$82,927
9 years$146,455$133,792$122,134$111,420$101,589$66,108
10 years$130,471$117,931$106,479$96,045$86,559$53,237
11 years$117,401$104,987$93,742$83,588$74,444$43,209
12 years$106,517$94,231$83,194$73,318$64,511$35,287
13 years$97,315$85,157$74,328$64,729$56,255$28,958
14 years$89,434$77,405$66,784$57,459$49,313$23,857
15 years$82,611$70,711$60,297$51,243$43,419$19,717
16 years$76,646$64,876$54,668$45,883$38,374$16,338
17 years$71,388$59,749$49,746$41,225$34,025$13,566
18 years$66,719$55,210$45,412$37,152$30,253$11,284
19 years$62,547$51,168$41,572$33,570$26,965$9,400
20 years$58,797$47,548$38,153$30,404$24,086$7,839
21 years$55,409$44,289$35,093$27,594$21,554$6,544
22 years$52,332$41,342$32,344$25,089$19,320$5,467
23 years$49,527$38,667$29,864$22,849$17,343$4,571
24 years$46,960$36,228$27,619$20,840$15,588$3,824
25 years$44,602$33,998$25,581$19,032$14,027$3,200
26 years$42,429$31,953$23,725$17,402$12,635$2,679
27 years$40,420$30,071$22,031$15,928$11,392$2,244
28 years$38,558$28,336$20,480$14,594$10,279$1,880
29 years$36,827$26,732$19,059$13,383$9,282$1,575
30 years$35,215$25,246$17,752$12,282$8,386$1,320
31 years$33,710$23,865$16,550$11,280$7,582$1,107
32 years$32,302$22,581$15,442$10,367$6,859$928
33 years$30,982$21,385$14,418$9,533$6,207$778
34 years$29,742$20,268$13,471$8,771$5,620$652
35 years$28,576$19,224$12,595$8,074$5,090$547
36 years$27,476$18,246$11,782$7,436$4,612$459
37 years$26,439$17,330$11,028$6,852$4,180$385
38 years$25,459$16,470$10,327$6,315$3,789$323
39 years$24,531$15,661$9,675$5,823$3,436$271
40 years$23,652$14,900$9,069$5,371$3,117$227
41 years$22,818$14,184$8,503$4,955$2,828$190
42 years$22,025$13,508$7,977$4,573$2,566$160
43 years$21,272$12,870$7,485$4,222$2,329$134
44 years$20,555$12,268$7,026$3,898$2,114$112
45 years$19,872$11,699$6,597$3,600$1,919$94
46 years$19,220$11,160$6,196$3,325$1,742$79
47 years$18,598$10,650$5,821$3,072$1,582$66
48 years$18,003$10,167$5,470$2,839$1,437$56
49 years$17,435$9,709$5,142$2,624$1,305$47
50 years$16,891$9,274$4,834$2,425$1,185$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,300,000, adding $2,490 every year, while hoping to spend $54,345 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: 75/20/5 Blend
70$17,300,000$17,300,000$17,300,000$17,300,000
71$19,067,168$18,150,268$17,882,118$20,490,774
72$20,954,197$18,981,809$18,423,347$22,258,141
73$23,031,881$19,852,273$18,980,885$24,186,941
74$25,319,610$20,763,512$19,555,222$26,298,771
75$27,838,749$21,717,463$20,146,861$28,611,722
76$30,612,842$22,716,159$20,756,321$31,145,706
77$33,667,830$23,761,729$21,384,136$33,922,638
78$37,032,300$24,856,405$22,030,855$36,966,641
79$40,737,752$26,002,526$22,697,046$40,304,272
80$44,818,897$27,202,544$23,383,292$43,964,763
81$49,313,984$28,459,029$24,090,192$47,980,298
82$54,265,162$29,774,673$24,818,365$52,386,309
83$59,718,877$31,152,301$25,568,449$57,221,810
84$65,726,309$32,594,870$26,341,098$62,529,755
85$72,343,857$34,105,482$27,136,989$68,357,445
86$79,633,668$35,687,389$27,956,816$74,756,962
87$87,664,228$37,343,997$28,801,295$81,785,662
88$96,511,005$39,078,878$29,671,164$89,506,707
89$106,257,162$40,895,777$30,567,182$97,989,656
90$116,994,340$42,798,619$31,490,131$107,311,115
91$128,823,528$44,791,516$32,440,816$117,555,455
92$141,856,010$46,878,782$33,420,065$128,815,601
93$156,214,417$49,064,937$34,428,732$141,193,901
94$172,033,889$51,354,720$35,467,695$154,803,087
95$189,463,344$53,753,099$36,537,861$169,767,329
96$208,666,885$56,265,282$37,640,160$186,223,400
97$229,825,354$58,896,727$38,775,552$204,321,961
98$253,138,032$61,653,158$39,945,024$224,228,968
99$278,824,523$64,540,575$41,149,595$246,127,239
100$307,126,828$67,565,267$42,390,310$270,218,159