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%11.9%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,384,361
2 years$715,413$702,089$689,176$676,656$664,512$653,308
3 years$472,204$458,823$445,942$433,540$421,594$410,648
4 years$350,624$337,283$324,532$312,341$300,684$290,081
5 years$277,695$264,434$251,850$239,908$228,575$218,345
6 years$229,091$215,930$203,532$191,856$180,864$171,020
7 years$194,388$181,338$169,136$157,736$147,091$137,638
8 years$168,372$155,440$143,441$132,321$122,026$112,964
9 years$148,149$135,339$123,546$112,708$102,763$94,089
10 years$131,979$119,294$107,710$97,155$87,560$79,269
11 years$118,758$106,201$94,826$84,554$75,304$67,391
12 years$107,749$95,320$84,156$74,165$65,257$57,713
13 years$98,440$86,142$75,188$65,477$56,905$49,723
14 years$90,468$78,300$67,556$58,123$49,883$43,053
15 years$83,566$71,529$60,994$51,836$43,921$37,435
16 years$77,532$65,626$55,300$46,413$38,817$32,664
17 years$72,213$60,439$50,321$41,702$34,418$28,588
18 years$67,491$55,849$45,937$37,582$30,603$25,085
19 years$63,271$51,760$42,053$33,958$27,277$22,060
20 years$59,477$48,098$38,594$30,756$24,364$19,437
21 years$56,049$44,801$35,499$27,913$21,803$17,155
22 years$52,937$41,820$32,718$25,379$19,544$15,163
23 years$50,100$39,114$30,209$23,113$17,544$13,419
24 years$47,503$36,647$27,938$21,081$15,769$11,889
25 years$45,118$34,391$25,877$19,252$14,189$10,544
26 years$42,919$32,322$23,999$17,603$12,781$9,359
27 years$40,887$30,419$22,285$16,113$11,523$8,313
28 years$39,004$28,664$20,717$14,763$10,398$7,389
29 years$37,253$27,041$19,279$13,538$9,389$6,572
30 years$35,622$25,537$17,958$12,424$8,483$5,848
31 years$34,100$24,141$16,741$11,411$7,670$5,207
32 years$32,675$22,843$15,620$10,487$6,938$4,638
33 years$31,340$21,632$14,585$9,643$6,279$4,132
34 years$30,086$20,502$13,627$8,873$5,685$3,683
35 years$28,906$19,446$12,740$8,168$5,149$3,283
36 years$27,794$18,457$11,918$7,522$4,665$2,928
37 years$26,745$17,530$11,155$6,931$4,228$2,612
38 years$25,753$16,660$10,446$6,388$3,833$2,330
39 years$24,815$15,842$9,787$5,890$3,476$2,079
40 years$23,925$15,072$9,173$5,433$3,153$1,855
41 years$23,082$14,347$8,602$5,013$2,860$1,656
42 years$22,280$13,664$8,069$4,626$2,596$1,478
43 years$21,518$13,019$7,571$4,270$2,356$1,320
44 years$20,792$12,410$7,107$3,943$2,138$1,179
45 years$20,101$11,834$6,673$3,641$1,941$1,052
46 years$19,442$11,289$6,268$3,364$1,762$940
47 years$18,813$10,773$5,888$3,108$1,600$839
48 years$18,211$10,285$5,534$2,872$1,453$750
49 years$17,636$9,821$5,201$2,654$1,320$670
50 years$17,086$9,382$4,890$2,453$1,199$598

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 $3,837 every year, while hoping to spend $21,804 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: 74/17/9 Blend
70$17,500,000$17,500,000$17,500,000$17,500,000
71$19,288,958$18,361,458$18,090,208$20,686,475
72$21,233,232$19,237,970$18,673,031$22,484,870
73$23,375,092$20,156,700$19,274,647$24,451,373
74$25,734,667$21,119,695$19,895,664$26,605,120
75$28,334,142$22,129,099$20,536,707$28,964,641
76$31,197,961$23,187,161$21,198,423$31,550,331
77$34,353,062$24,296,241$21,881,480$34,384,642
78$37,829,131$25,458,813$22,586,565$37,492,285
79$41,658,878$26,677,470$23,314,391$40,900,466
80$45,878,351$27,954,934$24,065,691$44,639,133
81$50,527,274$29,294,057$24,841,223$48,741,260
82$55,649,421$30,697,831$25,641,769$53,243,150
83$61,293,030$32,169,393$26,468,136$58,184,775
84$67,511,260$33,712,034$27,321,160$63,610,150
85$74,362,689$35,329,204$28,201,699$69,567,738
86$81,911,870$37,024,522$29,110,642$76,110,911
87$90,229,939$38,801,782$30,048,908$83,298,439
88$99,395,288$40,664,964$31,017,441$91,195,049
89$109,494,302$42,618,242$32,017,220$99,872,019
90$120,622,178$44,665,993$33,049,253$109,407,856
91$132,883,819$46,812,806$34,114,583$119,889,024
92$146,394,831$49,063,495$35,214,283$131,410,752
93$161,282,607$51,423,110$36,349,465$144,077,932
94$177,687,534$53,896,944$37,521,274$158,006,099
95$195,764,319$56,490,550$38,730,892$173,322,511
96$215,683,444$59,209,751$39,979,541$190,167,347
97$237,632,781$62,060,655$41,268,482$208,695,018
98$261,819,364$65,049,667$42,599,016$229,075,621
99$288,471,342$68,183,503$43,972,485$251,496,528
100$317,840,133$71,469,209$45,390,278$276,164,152