Can I retire at age 71 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,348,830
2 years$719,501$706,101$693,114$680,522$668,309$613,942
3 years$474,902$461,445$448,491$436,017$424,003$371,598
4 years$352,627$339,211$326,386$314,126$302,402$252,359
5 years$279,281$265,945$253,289$241,279$229,881$182,328
6 years$230,400$217,164$204,695$192,953$181,897$136,865
7 years$195,499$182,374$170,103$158,637$147,931$105,405
8 years$169,334$156,328$144,261$133,077$122,723$82,661
9 years$148,995$136,112$124,252$113,352$103,351$65,693
10 years$132,733$119,976$108,325$97,710$88,060$52,736
11 years$119,437$106,808$95,368$85,037$75,735$42,663
12 years$108,364$95,865$84,637$74,589$65,630$34,724
13 years$99,003$86,634$75,617$65,851$57,231$28,399
14 years$90,985$78,748$67,942$58,455$50,168$23,315
15 years$84,043$71,937$61,343$52,132$44,172$19,200
16 years$77,975$66,001$55,616$46,678$39,039$15,852
17 years$72,626$60,785$50,609$41,940$34,615$13,114
18 years$67,876$56,168$46,199$37,796$30,778$10,868
19 years$63,632$52,056$42,293$34,152$27,433$9,018
20 years$59,817$48,373$38,815$30,932$24,504$7,492
21 years$56,369$45,057$35,702$28,072$21,928$6,230
22 years$53,240$42,059$32,905$25,524$19,655$5,185
23 years$50,386$39,337$30,382$23,245$17,644$4,318
24 years$47,775$36,856$28,098$21,201$15,859$3,598
25 years$45,376$34,588$26,024$19,362$14,270$2,999
26 years$43,165$32,507$24,136$17,704$12,854$2,501
27 years$41,121$30,593$22,413$16,205$11,589$2,086
28 years$39,227$28,828$20,835$14,847$10,457$1,740
29 years$37,466$27,196$19,389$13,615$9,443$1,452
30 years$35,826$25,683$18,060$12,495$8,532$1,212
31 years$34,295$24,279$16,837$11,476$7,714$1,012
32 years$32,862$22,973$15,709$10,547$6,978$845
33 years$31,519$21,756$14,668$9,698$6,315$705
34 years$30,258$20,620$13,705$8,923$5,717$589
35 years$29,071$19,557$12,813$8,214$5,178$492
36 years$27,953$18,563$11,986$7,565$4,692$411
37 years$26,898$17,630$11,219$6,970$4,252$343
38 years$25,900$16,755$10,506$6,425$3,855$287
39 years$24,956$15,933$9,843$5,924$3,496$239
40 years$24,062$15,159$9,226$5,464$3,171$200
41 years$23,213$14,429$8,651$5,041$2,877$167
42 years$22,407$13,742$8,115$4,652$2,610$140
43 years$21,641$13,093$7,615$4,295$2,369$117
44 years$20,911$12,481$7,148$3,966$2,150$97
45 years$20,216$11,902$6,711$3,662$1,952$81
46 years$19,553$11,354$6,304$3,383$1,772$68
47 years$18,920$10,835$5,922$3,125$1,610$57
48 years$18,315$10,343$5,565$2,888$1,462$47
49 years$17,737$9,877$5,231$2,669$1,328$40
50 years$17,184$9,435$4,918$2,467$1,206$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,600,000, adding $3,397 every year, while hoping to spend $21,617 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: 44/30/26 Blend
70$17,600,000$17,600,000$17,600,000$17,600,000
71$19,398,704$18,465,904$18,193,104$20,105,693
72$21,354,371$19,347,733$18,779,573$21,490,869
73$23,508,793$20,272,047$19,384,964$22,989,110
74$25,882,217$21,240,905$20,009,888$24,612,810
75$28,496,960$22,256,467$20,654,976$26,373,639
76$31,377,612$23,320,995$21,320,879$28,284,405
77$34,551,270$24,436,866$22,008,270$30,359,178
78$38,047,795$25,606,568$22,717,843$32,613,405
79$41,900,093$26,832,712$23,450,314$35,064,057
80$46,144,425$28,118,038$24,206,422$37,729,776
81$50,820,751$29,465,416$24,986,931$40,631,047
82$55,973,104$30,877,858$25,792,630$43,790,380
83$61,650,009$32,358,521$26,624,331$47,232,516
84$67,904,939$33,910,718$27,482,876$50,984,652
85$74,796,821$35,537,921$28,369,130$55,076,686
86$82,390,591$37,243,773$29,283,990$59,541,491
87$90,757,807$39,032,094$30,228,379$64,415,214
88$99,977,325$40,906,888$31,203,252$69,737,608
89$110,136,044$42,872,357$32,209,592$75,552,396
90$121,329,724$44,932,907$33,248,418$81,907,670
91$133,663,894$47,093,158$34,320,778$88,856,333
92$147,254,844$49,357,954$35,427,756$96,456,590
93$162,230,723$51,732,379$36,570,471$104,772,476
94$178,732,751$54,221,761$37,750,077$113,874,455
95$196,916,554$56,831,689$38,967,766$123,840,065
96$216,953,626$59,568,025$40,224,769$134,754,636
97$239,032,954$62,436,916$41,522,357$146,712,079
98$263,362,800$65,444,810$42,861,841$159,815,759
99$290,172,668$68,598,468$44,244,575$174,179,450
100$319,715,468$71,904,981$45,671,957$189,928,389