Can I retire at age 71 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,408,681
2 years$727,677$714,125$700,990$688,256$675,903$665,100
3 years$480,299$466,688$453,587$440,972$428,821$418,264
4 years$356,634$343,065$330,095$317,696$305,839$295,610
5 years$282,455$268,967$256,167$244,021$232,494$222,623
6 years$233,018$219,632$207,021$195,145$183,964$174,465
7 years$197,720$184,447$172,036$160,440$149,612$140,488
8 years$171,259$158,105$145,900$134,589$124,118$115,368
9 years$150,688$137,659$125,664$114,640$104,525$96,149
10 years$134,242$121,339$109,556$98,821$89,061$81,052
11 years$120,794$108,021$96,452$86,004$76,595$68,949
12 years$109,596$96,954$85,598$75,437$66,376$59,085
13 years$100,128$87,618$76,477$66,599$57,881$50,938
14 years$92,019$79,643$68,715$59,119$50,738$44,134
15 years$84,998$72,755$62,040$52,724$44,674$38,400
16 years$78,861$66,751$56,248$47,209$39,483$33,529
17 years$73,451$61,475$51,184$42,417$35,008$29,365
18 years$68,648$56,806$46,724$38,226$31,128$25,785
19 years$64,355$52,647$42,774$34,540$27,745$22,692
20 years$60,497$48,922$39,256$31,283$24,782$20,009
21 years$57,010$45,569$36,108$28,391$22,177$17,672
22 years$53,845$42,537$33,279$25,814$19,879$15,632
23 years$50,959$39,784$30,727$23,510$17,844$13,844
24 years$48,317$37,275$28,417$21,442$16,039$12,275
25 years$45,891$34,981$26,320$19,582$14,433$10,895
26 years$43,655$32,876$24,411$17,905$13,000$9,678
27 years$41,588$30,941$22,667$16,389$11,721$8,604
28 years$39,672$29,155$21,072$15,016$10,576$7,654
29 years$37,892$27,505$19,610$13,770$9,550$6,813
30 years$36,233$25,975$18,266$12,637$8,629$6,068
31 years$34,684$24,555$17,028$11,606$7,801$5,406
32 years$33,235$23,234$15,888$10,666$7,057$4,819
33 years$31,877$22,003$14,835$9,809$6,386$4,297
34 years$30,602$20,854$13,861$9,025$5,782$3,833
35 years$29,401$19,780$12,959$8,308$5,237$3,420
36 years$28,271$18,774$12,122$7,651$4,745$3,053
37 years$27,203$17,831$11,346$7,050$4,301$2,725
38 years$26,195$16,946$10,625$6,498$3,899$2,433
39 years$25,240$16,114$9,955$5,991$3,536$2,173
40 years$24,335$15,331$9,331$5,526$3,207$1,941
41 years$23,477$14,593$8,749$5,099$2,909$1,734
42 years$22,662$13,898$8,207$4,705$2,640$1,549
43 years$21,887$13,242$7,701$4,344$2,396$1,385
44 years$21,149$12,623$7,229$4,011$2,175$1,237
45 years$20,446$12,037$6,788$3,704$1,974$1,106
46 years$19,775$11,483$6,375$3,421$1,793$988
47 years$19,135$10,958$5,989$3,161$1,628$884
48 years$18,524$10,461$5,628$2,921$1,478$790
49 years$17,939$9,990$5,290$2,699$1,343$706
50 years$17,379$9,542$4,974$2,495$1,220$631

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,800,000, adding $6,107 every year, while hoping to spend $32,843 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: 52/38/10 Blend
70$17,800,000$17,800,000$17,800,000$17,800,000
71$19,621,899$18,678,499$18,402,599$20,591,193
72$21,588,388$19,558,801$18,984,142$22,132,172
73$23,754,359$20,481,137$19,584,065$23,803,105
74$26,140,122$21,447,532$20,202,950$25,619,515
75$28,768,063$22,460,109$20,841,397$27,595,134
76$31,662,845$23,521,094$21,500,024$29,745,050
77$34,851,649$24,632,821$22,179,468$32,085,833
78$38,364,425$25,797,738$22,880,389$34,635,690
79$42,234,179$27,018,409$23,603,464$37,414,627
80$46,497,280$28,297,526$24,349,395$40,444,630
81$51,193,806$29,637,909$25,118,904$43,749,866
82$56,367,924$31,042,515$25,912,736$47,356,898
83$62,068,300$32,514,446$26,731,660$51,294,931
84$68,348,566$34,056,954$27,576,470$55,596,076
85$75,267,822$35,673,447$28,447,984$60,295,644
86$82,891,195$37,367,501$29,347,047$65,432,467
87$91,290,452$39,142,864$30,274,529$71,049,256
88$100,544,682$41,003,467$31,231,329$77,192,990
89$110,741,034$42,953,432$32,218,373$83,915,349
90$121,975,550$44,997,081$33,236,619$91,273,191
91$134,354,062$47,138,944$34,287,052$99,329,069
92$147,993,198$49,383,774$35,370,690$108,151,817
93$163,021,480$51,736,554$36,488,584$117,817,177
94$179,580,535$54,202,510$37,641,815$128,408,502
95$197,826,436$56,787,119$38,831,502$140,017,527
96$217,931,172$59,496,127$40,058,797$152,745,219
97$240,084,274$62,335,560$41,324,890$166,702,712
98$264,494,602$65,311,735$42,631,006$182,012,336
99$291,392,319$68,431,277$43,978,412$198,808,755
100$321,031,060$71,701,134$45,368,412$217,240,216