Can I retire at age 71 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,346,322
2 years$711,325$698,077$685,238$672,789$660,714$619,568
3 years$469,506$456,201$443,394$431,063$419,184$379,360
4 years$348,620$335,356$322,677$310,556$298,966$260,769
5 years$276,108$262,923$250,411$238,537$227,269$190,803
6 years$227,782$214,697$202,369$190,760$179,830$145,128
7 years$193,277$180,302$168,170$156,834$146,250$113,311
8 years$167,410$154,552$142,621$131,564$121,329$90,132
9 years$147,302$134,565$122,840$112,064$102,176$72,690
10 years$131,225$118,613$107,094$96,600$87,059$59,243
11 years$118,079$105,594$94,284$84,071$74,874$48,679
12 years$107,133$94,775$83,675$73,741$64,884$40,259
13 years$97,878$85,649$74,758$65,103$56,580$33,468
14 years$89,951$77,853$67,170$57,791$49,598$27,940
15 years$83,088$71,120$60,646$51,539$43,670$23,405
16 years$77,089$65,251$54,984$46,148$38,596$19,662
17 years$71,800$60,094$50,034$41,463$34,221$16,556
18 years$67,105$55,529$45,674$37,367$30,428$13,968
19 years$62,909$51,464$41,813$33,764$27,121$11,803
20 years$59,137$47,823$38,373$30,580$24,225$9,988
21 years$55,729$44,545$35,296$27,753$21,679$8,461
22 years$52,635$41,581$32,531$25,234$19,432$7,175
23 years$49,814$38,890$30,036$22,981$17,443$6,089
24 years$47,232$36,438$27,779$20,960$15,678$5,171
25 years$44,860$34,195$25,729$19,142$14,108$4,394
26 years$42,674$32,138$23,862$17,502$12,708$3,736
27 years$40,654$30,245$22,158$16,020$11,457$3,177
28 years$38,781$28,500$20,599$14,678$10,338$2,703
29 years$37,040$26,886$19,169$13,460$9,335$2,300
30 years$35,419$25,391$17,855$12,353$8,435$1,958
31 years$33,905$24,003$16,646$11,345$7,626$1,667
32 years$32,489$22,712$15,531$10,427$6,898$1,420
33 years$31,161$21,509$14,501$9,588$6,243$1,210
34 years$29,914$20,385$13,549$8,822$5,652$1,030
35 years$28,741$19,335$12,667$8,121$5,119$878
36 years$27,635$18,352$11,850$7,479$4,639$748
37 years$26,592$17,430$11,091$6,891$4,204$637
38 years$25,606$16,565$10,387$6,352$3,811$543
39 years$24,673$15,751$9,731$5,857$3,456$463
40 years$23,789$14,986$9,121$5,402$3,135$394
41 years$22,950$14,266$8,553$4,984$2,844$336
42 years$22,153$13,586$8,023$4,600$2,581$287
43 years$21,395$12,945$7,528$4,246$2,342$244
44 years$20,674$12,339$7,066$3,920$2,126$208
45 years$19,986$11,766$6,635$3,621$1,930$177
46 years$19,331$11,225$6,232$3,344$1,752$151
47 years$18,705$10,712$5,855$3,090$1,591$129
48 years$18,107$10,226$5,502$2,855$1,445$110
49 years$17,536$9,765$5,171$2,639$1,312$94
50 years$16,988$9,328$4,862$2,439$1,192$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,400,000, adding $5,504 every year, while hoping to spend $50,977 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: 71/20/9 Blend
70$17,400,000$17,400,000$17,400,000$17,400,000
71$19,180,477$18,258,277$17,988,577$20,510,499
72$21,082,647$19,098,694$18,536,956$22,231,229
73$23,177,129$19,978,582$19,101,996$24,107,297
74$25,483,486$20,899,823$19,684,203$26,159,417
75$28,023,274$21,864,386$20,284,096$28,404,917
76$30,820,245$22,874,338$20,902,210$30,862,865
77$33,900,573$23,931,843$21,539,097$33,554,245
78$37,293,099$25,039,171$22,195,324$36,502,151
79$41,029,605$26,198,700$22,871,477$39,732,005
80$45,145,111$27,412,924$23,568,159$43,271,787
81$49,678,210$28,684,454$24,285,989$47,152,296
82$54,671,426$30,016,031$25,025,608$51,407,442
83$60,171,620$31,410,525$25,787,675$56,074,551
84$66,230,431$32,870,947$26,572,868$61,194,722
85$72,904,762$34,400,450$27,381,886$66,813,203
86$80,257,318$36,002,342$28,215,449$72,979,818
87$88,357,196$37,680,089$29,074,299$79,749,428
88$97,280,542$39,437,325$29,959,199$87,182,441
89$107,111,263$41,277,859$30,870,938$95,345,382
90$117,941,822$43,205,685$31,810,325$104,311,510
91$129,874,113$45,224,989$32,778,196$114,161,504
92$143,020,418$47,340,158$33,775,411$124,984,217
93$157,504,469$49,555,794$34,802,855$136,877,507
94$173,462,615$51,876,719$35,861,442$149,949,154
95$191,045,113$54,307,989$36,952,111$164,317,869
96$210,417,539$56,854,905$38,075,831$180,114,405
97$231,762,355$59,523,023$39,233,599$197,482,784
98$255,280,633$62,318,169$40,426,442$216,581,645
99$281,193,949$65,246,450$41,655,419$237,585,734
100$309,746,476$68,314,270$42,921,619$260,687,543