Can I retire at age 71 with 17,700,000?

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 $17,700,000?

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$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,356,494
2 years$723,589$710,113$697,052$684,389$672,106$617,430
3 years$477,601$464,066$451,039$438,495$426,412$373,710
4 years$354,631$341,138$328,241$315,911$304,120$253,793
5 years$280,868$267,456$254,728$242,650$231,188$183,364
6 years$231,709$218,398$205,858$194,049$182,931$137,643
7 years$196,609$183,410$171,069$159,538$148,772$106,004
8 years$170,296$157,217$145,080$133,833$123,420$83,131
9 years$149,842$136,885$124,958$113,996$103,938$66,067
10 years$133,487$120,658$108,941$98,265$88,560$53,036
11 years$120,115$107,415$95,910$85,520$76,165$42,906
12 years$108,980$96,409$85,118$75,013$66,003$34,922
13 years$99,565$87,126$76,047$66,225$57,556$28,560
14 years$91,502$79,195$68,328$58,787$50,453$23,447
15 years$84,521$72,346$61,691$52,428$44,423$19,310
16 years$78,418$66,376$55,932$46,944$39,261$15,942
17 years$73,038$61,130$50,896$42,178$34,812$13,189
18 years$68,262$56,487$46,462$38,011$30,953$10,929
19 years$63,994$52,351$42,533$34,346$27,589$9,070
20 years$60,157$48,648$39,035$31,107$24,643$7,535
21 years$56,690$45,313$35,905$28,232$22,053$6,266
22 years$53,542$42,298$33,092$25,669$19,767$5,214
23 years$50,673$39,561$30,554$23,377$17,744$4,342
24 years$48,046$37,066$28,258$21,322$15,949$3,618
25 years$45,633$34,784$26,172$19,472$14,351$3,016
26 years$43,410$32,692$24,273$17,804$12,927$2,515
27 years$41,355$30,767$22,540$16,297$11,655$2,098
28 years$39,449$28,991$20,954$14,931$10,517$1,750
29 years$37,679$27,350$19,499$13,692$9,496$1,461
30 years$36,030$25,829$18,163$12,566$8,580$1,219
31 years$34,490$24,417$16,933$11,541$7,757$1,018
32 years$33,049$23,104$15,799$10,606$7,017$850
33 years$31,698$21,879$14,751$9,753$6,351$709
34 years$30,430$20,737$13,783$8,974$5,750$592
35 years$29,236$19,669$12,886$8,261$5,208$495
36 years$28,112$18,668$12,054$7,608$4,718$413
37 years$27,050$17,731$11,283$7,010$4,277$345
38 years$26,047$16,850$10,566$6,461$3,877$288
39 years$25,098$16,023$9,899$5,958$3,516$241
40 years$24,199$15,245$9,278$5,495$3,189$201
41 years$23,345$14,511$8,700$5,070$2,893$168
42 years$22,535$13,820$8,161$4,679$2,625$140
43 years$21,764$13,168$7,658$4,319$2,383$117
44 years$21,030$12,552$7,188$3,988$2,163$98
45 years$20,331$11,969$6,750$3,683$1,963$82
46 years$19,664$11,418$6,339$3,402$1,783$68
47 years$19,028$10,896$5,956$3,143$1,619$57
48 years$18,419$10,402$5,597$2,904$1,470$48
49 years$17,838$9,933$5,261$2,684$1,335$40
50 years$17,281$9,489$4,946$2,481$1,213$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,700,000, adding $6,288 every year, while hoping to spend $45,991 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: 32/46/22 Blend
70$17,700,000$17,700,000$17,700,000$17,700,000
71$19,511,886$18,573,786$18,299,436$20,003,603
72$21,453,164$19,434,968$18,863,533$21,235,455
73$23,590,912$20,336,805$19,444,986$22,556,785
74$25,945,119$21,281,243$20,044,328$23,979,073
75$28,537,816$22,270,319$20,662,107$25,511,198
76$31,393,276$23,306,167$21,298,890$27,162,876
77$34,538,248$24,391,027$21,955,261$28,944,756
78$38,002,207$25,527,245$22,631,820$30,868,499
79$41,817,633$26,717,281$23,329,187$32,946,887
80$46,020,317$27,963,714$24,048,001$35,193,932
81$50,649,700$29,269,246$24,788,919$37,624,995
82$55,749,242$30,636,712$25,552,620$40,256,925
83$61,366,836$32,069,082$26,339,804$43,108,202
84$67,555,255$33,569,469$27,151,190$46,199,104
85$74,372,658$35,141,140$27,987,521$49,551,883
86$81,883,128$36,787,515$28,849,563$53,190,964
87$90,157,287$38,512,183$29,738,103$57,143,161
88$99,272,956$40,318,905$30,653,955$61,437,917
89$109,315,891$42,211,625$31,597,956$66,107,566
90$120,380,594$44,194,477$32,570,969$71,187,626
91$132,571,202$46,271,794$33,573,885$76,717,112
92$146,002,475$48,448,122$34,607,619$82,738,895
93$160,800,870$50,728,223$35,673,118$89,300,083
94$177,105,746$53,117,093$36,771,354$96,452,451
95$195,070,669$55,619,968$37,903,332$104,252,907
96$214,864,869$58,242,338$39,070,085$112,764,013
97$236,674,832$60,989,959$40,272,680$122,054,553
98$260,706,065$63,868,867$41,512,214$132,200,157
99$287,185,031$66,885,389$42,789,821$143,283,998
100$316,361,291$70,046,159$44,106,666$155,397,546