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

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,375,757
2 years$715,413$702,089$689,176$676,656$664,512$644,685
3 years$472,204$458,823$445,942$433,540$421,594$402,273
4 years$350,624$337,283$324,532$312,341$300,684$282,020
5 years$277,695$264,434$251,850$239,908$228,575$210,621
6 years$229,091$215,930$203,532$191,856$180,864$163,641
7 years$194,388$181,338$169,136$157,736$147,091$130,605
8 years$168,372$155,440$143,441$132,321$122,026$106,275
9 years$148,149$135,339$123,546$112,708$102,763$87,740
10 years$131,979$119,294$107,710$97,155$87,560$73,252
11 years$118,758$106,201$94,826$84,554$75,304$61,699
12 years$107,749$95,320$84,156$74,165$65,257$52,339
13 years$98,440$86,142$75,188$65,477$56,905$44,656
14 years$90,468$78,300$67,556$58,123$49,883$38,283
15 years$83,566$71,529$60,994$51,836$43,921$32,951
16 years$77,532$65,626$55,300$46,413$38,817$28,456
17 years$72,213$60,439$50,321$41,702$34,418$24,644
18 years$67,491$55,849$45,937$37,582$30,603$21,394
19 years$63,271$51,760$42,053$33,958$27,277$18,611
20 years$59,477$48,098$38,594$30,756$24,364$16,218
21 years$56,049$44,801$35,499$27,913$21,803$14,155
22 years$52,937$41,820$32,718$25,379$19,544$12,370
23 years$50,100$39,114$30,209$23,113$17,544$10,822
24 years$47,503$36,647$27,938$21,081$15,769$9,478
25 years$45,118$34,391$25,877$19,252$14,189$8,307
26 years$42,919$32,322$23,999$17,603$12,781$7,287
27 years$40,887$30,419$22,285$16,113$11,523$6,396
28 years$39,004$28,664$20,717$14,763$10,398$5,617
29 years$37,253$27,041$19,279$13,538$9,389$4,936
30 years$35,622$25,537$17,958$12,424$8,483$4,339
31 years$34,100$24,141$16,741$11,411$7,670$3,815
32 years$32,675$22,843$15,620$10,487$6,938$3,356
33 years$31,340$21,632$14,585$9,643$6,279$2,953
34 years$30,086$20,502$13,627$8,873$5,685$2,599
35 years$28,906$19,446$12,740$8,168$5,149$2,288
36 years$27,794$18,457$11,918$7,522$4,665$2,015
37 years$26,745$17,530$11,155$6,931$4,228$1,775
38 years$25,753$16,660$10,446$6,388$3,833$1,563
39 years$24,815$15,842$9,787$5,890$3,476$1,377
40 years$23,925$15,072$9,173$5,433$3,153$1,213
41 years$23,082$14,347$8,602$5,013$2,860$1,069
42 years$22,280$13,664$8,069$4,626$2,596$942
43 years$21,518$13,019$7,571$4,270$2,356$830
44 years$20,792$12,410$7,107$3,943$2,138$732
45 years$20,101$11,834$6,673$3,641$1,941$645
46 years$19,442$11,289$6,268$3,364$1,762$569
47 years$18,813$10,773$5,888$3,108$1,600$501
48 years$18,211$10,285$5,534$2,872$1,453$442
49 years$17,636$9,821$5,201$2,654$1,320$390
50 years$17,086$9,382$4,890$2,453$1,199$343

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 $3,125 every year, while hoping to spend $45,020 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: 70/18/12 Blend
70$17,500,000$17,500,000$17,500,000$17,500,000
71$19,288,223$18,360,723$18,089,473$20,588,992
72$21,207,721$19,212,498$18,647,570$22,304,047
73$23,321,499$20,104,501$19,222,854$24,174,517
74$25,649,326$21,038,655$19,815,853$26,220,264
75$28,212,985$22,016,977$20,427,112$28,458,542
76$31,036,482$23,041,582$21,057,193$30,908,335
77$34,146,267$24,114,683$21,706,673$33,590,539
78$37,571,489$25,238,605$22,376,149$36,528,150
79$41,344,266$26,415,781$23,066,235$39,746,482
80$45,499,991$27,648,764$23,777,563$43,273,397
81$50,077,666$28,940,230$24,510,788$47,139,568
82$55,120,269$30,292,983$25,266,581$51,378,761
83$60,675,161$31,709,963$26,045,635$56,028,150
84$66,794,529$33,194,253$26,848,666$61,128,664
85$73,535,883$34,749,084$27,676,408$66,725,369
86$80,962,597$36,377,843$28,529,622$72,867,885
87$89,144,507$38,084,082$29,409,090$79,610,850
88$98,158,569$39,871,524$30,315,616$87,014,432
89$108,089,587$41,744,073$31,250,034$95,144,889
90$119,031,013$43,705,820$32,213,197$104,075,189
91$131,085,827$45,761,056$33,205,990$113,885,690
92$144,367,511$47,914,278$34,229,321$124,664,896
93$159,001,123$50,170,203$35,284,128$136,510,281
94$175,124,468$52,533,774$36,371,377$149,529,203
95$192,889,409$55,010,174$37,492,064$163,839,912
96$212,463,295$57,604,839$38,647,215$179,572,653
97$234,030,541$60,323,466$39,837,886$196,870,893
98$257,794,370$63,172,030$41,065,169$215,892,660
99$283,978,730$66,156,794$42,330,187$236,812,031
100$312,830,409$69,284,325$43,634,096$259,820,761