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%12.4%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,365,688
2 years$707,237$694,065$681,300$668,923$656,917$642,979
3 years$466,808$453,579$440,846$428,585$416,775$403,170
4 years$346,617$333,429$320,823$308,772$297,248$284,080
5 years$274,521$261,412$248,972$237,166$225,963$213,271
6 years$226,473$213,463$201,206$189,664$178,797$166,597
7 years$192,166$179,266$167,203$155,933$145,410$133,707
8 years$166,448$153,664$141,802$130,808$120,631$109,425
9 years$146,455$133,792$122,134$111,420$101,589$90,875
10 years$130,471$117,931$106,479$96,045$86,559$76,331
11 years$117,401$104,987$93,742$83,588$74,444$64,693
12 years$106,517$94,231$83,194$73,318$64,511$55,229
13 years$97,315$85,157$74,328$64,729$56,255$47,429
14 years$89,434$77,405$66,784$57,459$49,313$40,932
15 years$82,611$70,711$60,297$51,243$43,419$35,471
16 years$76,646$64,876$54,668$45,883$38,374$30,845
17 years$71,388$59,749$49,746$41,225$34,025$26,901
18 years$66,719$55,210$45,412$37,152$30,253$23,521
19 years$62,547$51,168$41,572$33,570$26,965$20,611
20 years$58,797$47,548$38,153$30,404$24,086$18,094
21 years$55,409$44,289$35,093$27,594$21,554$15,910
22 years$52,332$41,342$32,344$25,089$19,320$14,010
23 years$49,527$38,667$29,864$22,849$17,343$12,352
24 years$46,960$36,228$27,619$20,840$15,588$10,901
25 years$44,602$33,998$25,581$19,032$14,027$9,630
26 years$42,429$31,953$23,725$17,402$12,635$8,514
27 years$40,420$30,071$22,031$15,928$11,392$7,533
28 years$38,558$28,336$20,480$14,594$10,279$6,669
29 years$36,827$26,732$19,059$13,383$9,282$5,908
30 years$35,215$25,246$17,752$12,282$8,386$5,236
31 years$33,710$23,865$16,550$11,280$7,582$4,643
32 years$32,302$22,581$15,442$10,367$6,859$4,118
33 years$30,982$21,385$14,418$9,533$6,207$3,654
34 years$29,742$20,268$13,471$8,771$5,620$3,243
35 years$28,576$19,224$12,595$8,074$5,090$2,879
36 years$27,476$18,246$11,782$7,436$4,612$2,557
37 years$26,439$17,330$11,028$6,852$4,180$2,271
38 years$25,459$16,470$10,327$6,315$3,789$2,017
39 years$24,531$15,661$9,675$5,823$3,436$1,793
40 years$23,652$14,900$9,069$5,371$3,117$1,593
41 years$22,818$14,184$8,503$4,955$2,828$1,416
42 years$22,025$13,508$7,977$4,573$2,566$1,258
43 years$21,272$12,870$7,485$4,222$2,329$1,119
44 years$20,555$12,268$7,026$3,898$2,114$994
45 years$19,872$11,699$6,597$3,600$1,919$884
46 years$19,220$11,160$6,196$3,325$1,742$786
47 years$18,598$10,650$5,821$3,072$1,582$699
48 years$18,003$10,167$5,470$2,839$1,437$622
49 years$17,435$9,709$5,142$2,624$1,305$553
50 years$16,891$9,274$4,834$2,425$1,185$492

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 $6,291 every year, while hoping to spend $45,369 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$19,071,089$18,154,189$17,886,039$20,179,489
72$20,968,068$18,995,472$18,436,949$21,765,629
73$23,057,018$19,876,457$19,004,794$23,489,929
74$25,357,473$20,799,043$19,590,093$25,370,358
75$27,890,956$21,765,216$20,193,382$27,422,014
76$30,681,185$22,777,064$20,815,213$29,661,500
77$33,754,296$23,836,771$21,456,153$32,107,074
78$37,139,090$24,946,627$22,116,789$34,778,817
79$40,867,300$26,109,035$22,797,725$37,698,819
80$44,973,899$27,326,512$23,499,582$40,891,377
81$49,497,422$28,601,697$24,223,004$44,383,224
82$54,480,334$29,937,355$24,968,650$48,203,770
83$59,969,430$31,336,387$25,737,201$52,385,378
84$66,016,274$32,801,833$26,529,360$56,963,660
85$72,677,691$34,336,879$27,345,850$61,977,805
86$80,016,296$35,944,867$28,187,417$67,470,945
87$88,101,092$37,629,300$29,054,829$73,490,551
88$97,008,116$39,393,848$29,948,879$80,088,876
89$106,821,159$41,242,361$30,870,381$87,323,437
90$117,632,556$43,178,875$31,820,177$95,257,552
91$129,544,058$45,207,621$32,799,134$103,960,925
92$142,667,791$47,333,035$33,808,145$113,510,298
93$157,127,319$49,559,766$34,848,131$123,990,162
94$173,058,802$51,892,691$35,920,040$135,493,547
95$190,612,287$54,336,921$37,024,849$148,122,888
96$209,953,125$56,897,814$38,163,566$161,990,979
97$231,263,528$59,580,991$39,337,229$177,222,026
98$254,744,290$62,392,342$40,546,908$193,952,809
99$280,616,683$65,338,043$41,793,706$212,333,959
100$309,124,549$68,424,570$43,078,759$232,531,365