Can I retire at age 71 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,370,665
2 years$715,413$702,089$689,176$676,656$664,512$639,601
3 years$472,204$458,823$445,942$433,540$421,594$397,358
4 years$350,624$337,283$324,532$312,341$300,684$277,310
5 years$277,695$264,434$251,850$239,908$228,575$206,130
6 years$229,091$215,930$203,532$191,856$180,864$159,372
7 years$194,388$181,338$169,136$157,736$147,091$126,559
8 years$168,372$155,440$143,441$132,321$122,026$102,449
9 years$148,149$135,339$123,546$112,708$102,763$84,130
10 years$131,979$119,294$107,710$97,155$87,560$69,854
11 years$118,758$106,201$94,826$84,554$75,304$58,506
12 years$107,749$95,320$84,156$74,165$65,257$49,343
13 years$98,440$86,142$75,188$65,477$56,905$41,852
14 years$90,468$78,300$67,556$58,123$49,883$35,663
15 years$83,566$71,529$60,994$51,836$43,921$30,507
16 years$77,532$65,626$55,300$46,413$38,817$26,180
17 years$72,213$60,439$50,321$41,702$34,418$22,529
18 years$67,491$55,849$45,937$37,582$30,603$19,431
19 years$63,271$51,760$42,053$33,958$27,277$16,791
20 years$59,477$48,098$38,594$30,756$24,364$14,535
21 years$56,049$44,801$35,499$27,913$21,803$12,599
22 years$52,937$41,820$32,718$25,379$19,544$10,935
23 years$50,100$39,114$30,209$23,113$17,544$9,501
24 years$47,503$36,647$27,938$21,081$15,769$8,262
25 years$45,118$34,391$25,877$19,252$14,189$7,190
26 years$42,919$32,322$23,999$17,603$12,781$6,262
27 years$40,887$30,419$22,285$16,113$11,523$5,457
28 years$39,004$28,664$20,717$14,763$10,398$4,758
29 years$37,253$27,041$19,279$13,538$9,389$4,150
30 years$35,622$25,537$17,958$12,424$8,483$3,621
31 years$34,100$24,141$16,741$11,411$7,670$3,161
32 years$32,675$22,843$15,620$10,487$6,938$2,760
33 years$31,340$21,632$14,585$9,643$6,279$2,410
34 years$30,086$20,502$13,627$8,873$5,685$2,105
35 years$28,906$19,446$12,740$8,168$5,149$1,840
36 years$27,794$18,457$11,918$7,522$4,665$1,607
37 years$26,745$17,530$11,155$6,931$4,228$1,405
38 years$25,753$16,660$10,446$6,388$3,833$1,228
39 years$24,815$15,842$9,787$5,890$3,476$1,074
40 years$23,925$15,072$9,173$5,433$3,153$939
41 years$23,082$14,347$8,602$5,013$2,860$821
42 years$22,280$13,664$8,069$4,626$2,596$718
43 years$21,518$13,019$7,571$4,270$2,356$628
44 years$20,792$12,410$7,107$3,943$2,138$549
45 years$20,101$11,834$6,673$3,641$1,941$480
46 years$19,442$11,289$6,268$3,364$1,762$420
47 years$18,813$10,773$5,888$3,108$1,600$367
48 years$18,211$10,285$5,534$2,872$1,453$321
49 years$17,636$9,821$5,201$2,654$1,320$281
50 years$17,086$9,382$4,890$2,453$1,199$246

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,500,000, adding $6,657 every year, while hoping to spend $23,523 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: 46/49/5 Blend
70$17,500,000$17,500,000$17,500,000$17,500,000
71$19,291,867$18,364,367$18,093,117$20,153,364
72$21,234,609$19,239,192$18,674,208$21,620,192
73$23,374,722$20,156,096$19,273,977$23,207,406
74$25,732,314$21,117,115$19,893,025$24,928,538
75$28,329,541$22,124,385$20,531,973$26,795,950
76$31,190,820$23,180,146$21,191,460$28,823,203
77$34,343,058$24,286,746$21,872,147$31,025,178
78$37,815,902$25,446,650$22,574,717$33,418,207
79$41,642,028$26,662,439$23,299,873$36,020,215
80$45,857,438$27,936,822$24,048,343$38,850,885
81$50,501,810$29,272,639$24,820,876$41,931,828
82$55,618,866$30,672,870$25,618,246$45,286,778
83$61,256,786$32,140,636$26,441,253$48,941,806
84$67,468,665$33,679,214$27,290,722$52,925,553
85$74,313,012$35,292,039$28,167,504$57,269,488
86$81,854,302$36,982,712$29,072,479$62,008,192
87$90,163,587$38,755,011$30,006,553$67,179,671
88$99,319,164$40,612,898$30,970,664$72,825,700
89$109,407,315$42,560,526$31,965,777$78,992,202
90$120,523,121$44,602,251$32,992,891$85,729,667
91$132,771,362$46,742,644$34,053,035$93,093,612
92$146,267,502$48,986,495$35,147,272$101,145,084
93$161,138,782$51,338,828$36,276,701$109,951,226
94$177,525,421$53,804,914$37,442,454$119,585,884
95$195,581,937$56,390,278$38,645,699$130,130,287
96$215,478,609$59,100,716$39,887,644$141,673,795
97$237,403,082$61,942,305$41,169,535$154,314,716
98$261,562,139$64,921,421$42,492,657$168,161,217
99$288,183,654$68,044,748$43,858,338$183,332,317
100$317,518,742$71,319,296$45,267,948$199,958,984