Can I retire at age 71 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,426,299
2 years$735,853$722,148$708,867$695,989$683,498$674,373
3 years$485,696$471,932$458,684$445,927$433,639$424,718
4 years$360,642$346,920$333,804$321,265$309,275$300,627
5 years$285,629$271,990$259,046$246,762$235,106$226,756
6 years$235,636$222,100$209,347$197,338$186,031$177,990
7 years$199,942$186,519$173,969$162,242$151,293$143,564
8 years$173,183$159,881$147,539$136,101$125,512$118,096
9 years$152,381$139,205$127,076$115,928$105,700$98,594
10 years$135,750$122,703$110,787$99,931$90,061$83,263
11 years$122,151$109,235$97,535$86,970$77,456$70,960
12 years$110,827$98,044$86,560$76,284$67,122$60,923
13 years$101,253$88,603$77,336$67,348$58,531$52,624
14 years$93,053$80,537$69,487$59,784$51,308$45,684
15 years$85,953$73,572$62,737$53,317$45,176$39,829
16 years$79,747$67,501$56,880$47,739$39,926$34,848
17 years$74,276$62,166$51,759$42,893$35,402$30,584
18 years$69,419$57,444$47,249$38,655$31,477$26,912
19 years$65,078$53,239$43,254$34,929$28,057$23,734
20 years$61,176$49,472$39,697$31,634$25,061$20,973
21 years$57,651$46,081$36,513$28,710$22,426$18,565
22 years$54,450$43,015$33,653$26,104$20,102$16,458
23 years$51,531$40,231$31,072$23,774$18,045$14,610
24 years$48,860$37,694$28,737$21,683$16,219$12,984
25 years$46,407$35,374$26,616$19,802$14,595$11,550
26 years$44,146$33,246$24,685$18,106$13,146$10,284
27 years$42,055$31,288$22,922$16,573$11,853$9,164
28 years$40,118$29,483$21,309$15,184$10,695$8,172
29 years$38,318$27,814$19,830$13,924$9,657$7,292
30 years$36,640$26,267$18,471$12,779$8,726$6,510
31 years$35,074$24,831$17,220$11,737$7,889$5,815
32 years$33,609$23,495$16,066$10,786$7,136$5,196
33 years$32,235$22,250$15,001$9,919$6,458$4,645
34 years$30,945$21,088$14,016$9,126$5,847$4,154
35 years$29,732$20,002$13,104$8,401$5,296$3,715
36 years$28,588$18,985$12,259$7,737$4,798$3,325
37 years$27,509$18,031$11,474$7,129$4,349$2,975
38 years$26,489$17,136$10,745$6,571$3,943$2,664
39 years$25,524$16,295$10,067$6,059$3,575$2,385
40 years$24,609$15,503$9,436$5,588$3,243$2,136
41 years$23,741$14,757$8,848$5,156$2,942$1,913
42 years$22,917$14,054$8,299$4,758$2,670$1,713
43 years$22,133$13,391$7,788$4,392$2,423$1,535
44 years$21,387$12,764$7,310$4,056$2,199$1,375
45 years$20,676$12,172$6,864$3,745$1,997$1,233
46 years$19,997$11,612$6,447$3,460$1,813$1,105
47 years$19,350$11,081$6,057$3,196$1,646$990
48 years$18,732$10,578$5,692$2,954$1,495$887
49 years$18,140$10,102$5,350$2,730$1,358$795
50 years$17,574$9,650$5,030$2,523$1,233$713

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,000,000, adding $3,256 every year, while hoping to spend $27,950 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: 35/37/28 Blend
70$18,000,000$18,000,000$18,000,000$18,000,000
71$19,839,359$18,885,359$18,606,359$20,366,111
72$21,833,235$19,781,003$19,199,933$21,656,635
73$24,029,549$20,719,596$19,812,455$23,045,361
74$26,448,922$21,703,215$20,444,531$24,543,256
75$29,114,073$22,734,034$21,096,784$26,160,109
76$32,050,042$23,814,335$21,769,860$27,906,649
77$35,284,420$24,946,511$22,464,424$29,794,640
78$38,847,610$26,133,069$23,181,161$31,836,980
79$42,773,117$27,376,640$23,920,781$34,047,818
80$47,097,861$28,679,983$24,684,014$36,442,676
81$51,862,530$30,045,988$25,471,615$39,038,588
82$57,111,956$31,477,689$26,284,362$41,854,249
83$62,895,546$32,978,267$27,123,058$44,910,181
84$69,267,744$34,551,055$27,988,534$48,228,919
85$76,288,548$36,199,550$28,881,644$51,835,208
86$84,024,072$37,927,420$29,803,270$55,756,226
87$92,547,173$39,738,510$30,754,326$60,021,832
88$101,938,138$41,636,851$31,735,750$64,664,830
89$112,285,444$43,626,672$32,748,513$69,721,265
90$123,686,588$45,712,407$33,793,616$75,230,755
91$136,249,011$47,898,706$34,872,094$81,236,843
92$150,091,113$50,190,445$35,985,012$87,787,398
93$165,343,367$52,592,738$37,133,470$94,935,045
94$182,149,554$55,110,946$38,318,605$102,737,652
95$200,668,119$57,750,693$39,541,589$111,258,851
96$221,073,666$60,517,876$40,803,631$120,568,628
97$243,558,607$63,418,679$42,105,980$130,743,957
98$268,334,978$66,459,587$43,449,923$141,869,510
99$295,636,441$69,647,402$44,836,791$154,038,434
100$325,720,488$72,989,255$46,267,954$167,353,212