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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,338,047
2 years$707,237$694,065$681,300$668,923$656,917$615,477
3 years$466,808$453,579$440,846$428,585$416,775$376,673
4 years$346,617$333,429$320,823$308,772$297,248$258,791
5 years$274,521$261,412$248,972$237,166$225,963$189,257
6 years$226,473$213,463$201,206$189,664$178,797$143,873
7 years$192,166$179,266$167,203$155,933$145,410$112,267
8 years$166,448$153,664$141,802$130,808$120,631$89,249
9 years$146,455$133,792$122,134$111,420$101,589$71,935
10 years$130,471$117,931$106,479$96,045$86,559$58,590
11 years$117,401$104,987$93,742$83,588$74,444$48,112
12 years$106,517$94,231$83,194$73,318$64,511$39,763
13 years$97,315$85,157$74,328$64,729$56,255$33,034
14 years$89,434$77,405$66,784$57,459$49,313$27,558
15 years$82,611$70,711$60,297$51,243$43,419$23,069
16 years$76,646$64,876$54,668$45,883$38,374$19,366
17 years$71,388$59,749$49,746$41,225$34,025$16,295
18 years$66,719$55,210$45,412$37,152$30,253$13,737
19 years$62,547$51,168$41,572$33,570$26,965$11,600
20 years$58,797$47,548$38,153$30,404$24,086$9,808
21 years$55,409$44,289$35,093$27,594$21,554$8,302
22 years$52,332$41,342$32,344$25,089$19,320$7,035
23 years$49,527$38,667$29,864$22,849$17,343$5,965
24 years$46,960$36,228$27,619$20,840$15,588$5,062
25 years$44,602$33,998$25,581$19,032$14,027$4,298
26 years$42,429$31,953$23,725$17,402$12,635$3,651
27 years$40,420$30,071$22,031$15,928$11,392$3,103
28 years$38,558$28,336$20,480$14,594$10,279$2,638
29 years$36,827$26,732$19,059$13,383$9,282$2,243
30 years$35,215$25,246$17,752$12,282$8,386$1,908
31 years$33,710$23,865$16,550$11,280$7,582$1,623
32 years$32,302$22,581$15,442$10,367$6,859$1,381
33 years$30,982$21,385$14,418$9,533$6,207$1,175
34 years$29,742$20,268$13,471$8,771$5,620$1,000
35 years$28,576$19,224$12,595$8,074$5,090$852
36 years$27,476$18,246$11,782$7,436$4,612$725
37 years$26,439$17,330$11,028$6,852$4,180$617
38 years$25,459$16,470$10,327$6,315$3,789$526
39 years$24,531$15,661$9,675$5,823$3,436$448
40 years$23,652$14,900$9,069$5,371$3,117$381
41 years$22,818$14,184$8,503$4,955$2,828$325
42 years$22,025$13,508$7,977$4,573$2,566$276
43 years$21,272$12,870$7,485$4,222$2,329$235
44 years$20,555$12,268$7,026$3,898$2,114$200
45 years$19,872$11,699$6,597$3,600$1,919$171
46 years$19,220$11,160$6,196$3,325$1,742$145
47 years$18,598$10,650$5,821$3,072$1,582$124
48 years$18,003$10,167$5,470$2,839$1,437$105
49 years$17,435$9,709$5,142$2,624$1,305$90
50 years$16,891$9,274$4,834$2,425$1,185$77

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 $5,052 every year, while hoping to spend $38,646 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: 61/27/12 Blend
70$17,300,000$17,300,000$17,300,000$17,300,000
71$19,069,811$18,152,911$17,884,761$20,178,211
72$20,973,813$19,001,285$18,442,782$21,771,292
73$23,070,727$19,889,933$19,018,200$23,504,038
74$25,380,191$20,820,790$19,611,560$25,393,847
75$27,923,842$21,795,880$20,223,419$27,455,907
76$30,725,524$22,817,328$20,854,353$29,706,920
77$33,811,511$23,887,361$21,504,958$32,165,252
78$37,210,757$25,008,313$22,175,845$34,851,104
79$40,955,165$26,182,631$22,867,647$37,786,693
80$45,079,893$27,412,882$23,581,014$40,996,462
81$49,623,684$28,701,754$24,316,620$44,507,298
82$54,629,229$30,052,070$25,075,156$48,348,785
83$60,143,574$31,466,784$25,857,337$52,553,474
84$66,218,560$32,948,998$26,663,899$57,157,183
85$72,911,315$34,501,961$27,495,602$62,199,329
86$80,284,792$36,129,081$28,353,228$67,723,294
87$88,408,365$37,833,930$29,237,585$73,776,824
88$97,358,480$39,620,254$30,149,506$80,412,471
89$107,219,379$41,491,980$31,089,849$87,688,084
90$118,083,896$43,453,227$32,059,498$95,667,344
91$130,054,329$45,508,311$33,059,368$104,420,353
92$143,243,412$47,661,760$34,090,398$114,024,294
93$157,775,372$49,918,319$35,153,559$124,564,138
94$173,787,109$52,282,965$36,249,851$136,133,446
95$191,429,480$54,760,916$37,380,307$148,835,233
96$210,868,729$57,357,643$38,545,990$162,782,935
97$232,288,056$60,078,884$39,747,996$178,101,461
98$255,889,341$62,930,653$40,987,458$194,928,365
99$281,895,056$65,919,257$42,265,540$213,415,127
100$310,550,362$69,051,311$43,583,446$233,728,573