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%14%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,411,567
2 years$735,853$722,148$708,867$695,989$683,498$659,611
3 years$485,696$471,932$458,684$445,927$433,639$410,387
4 years$360,642$346,920$333,804$321,265$309,275$286,837
5 years$285,629$271,990$259,046$246,762$235,106$213,547
6 years$235,636$222,100$209,347$197,338$186,031$165,376
7 years$199,942$186,519$173,969$162,242$151,293$131,547
8 years$173,183$159,881$147,539$136,101$125,512$106,672
9 years$152,381$139,205$127,076$115,928$105,700$87,755
10 years$135,750$122,703$110,787$99,931$90,061$72,997
11 years$122,151$109,235$97,535$86,970$77,456$61,254
12 years$110,827$98,044$86,560$76,284$67,122$51,761
13 years$101,253$88,603$77,336$67,348$58,531$43,990
14 years$93,053$80,537$69,487$59,784$51,308$37,561
15 years$85,953$73,572$62,737$53,317$45,176$32,196
16 years$79,747$67,501$56,880$47,739$39,926$27,688
17 years$74,276$62,166$51,759$42,893$35,402$23,877
18 years$69,419$57,444$47,249$38,655$31,477$20,639
19 years$65,078$53,239$43,254$34,929$28,057$17,875
20 years$61,176$49,472$39,697$31,634$25,061$15,507
21 years$57,651$46,081$36,513$28,710$22,426$13,473
22 years$54,450$43,015$33,653$26,104$20,102$11,720
23 years$51,531$40,231$31,072$23,774$18,045$10,207
24 years$48,860$37,694$28,737$21,683$16,219$8,897
25 years$46,407$35,374$26,616$19,802$14,595$7,761
26 years$44,146$33,246$24,685$18,106$13,146$6,776
27 years$42,055$31,288$22,922$16,573$11,853$5,919
28 years$40,118$29,483$21,309$15,184$10,695$5,173
29 years$38,318$27,814$19,830$13,924$9,657$4,523
30 years$36,640$26,267$18,471$12,779$8,726$3,956
31 years$35,074$24,831$17,220$11,737$7,889$3,462
32 years$33,609$23,495$16,066$10,786$7,136$3,030
33 years$32,235$22,250$15,001$9,919$6,458$2,653
34 years$30,945$21,088$14,016$9,126$5,847$2,323
35 years$29,732$20,002$13,104$8,401$5,296$2,035
36 years$28,588$18,985$12,259$7,737$4,798$1,783
37 years$27,509$18,031$11,474$7,129$4,349$1,562
38 years$26,489$17,136$10,745$6,571$3,943$1,369
39 years$25,524$16,295$10,067$6,059$3,575$1,200
40 years$24,609$15,503$9,436$5,588$3,243$1,052
41 years$23,741$14,757$8,848$5,156$2,942$922
42 years$22,917$14,054$8,299$4,758$2,670$808
43 years$22,133$13,391$7,788$4,392$2,423$709
44 years$21,387$12,764$7,310$4,056$2,199$621
45 years$20,676$12,172$6,864$3,745$1,997$545
46 years$19,997$11,612$6,447$3,460$1,813$478
47 years$19,350$11,081$6,057$3,196$1,646$419
48 years$18,732$10,578$5,692$2,954$1,495$367
49 years$18,140$10,102$5,350$2,730$1,358$322
50 years$17,574$9,650$5,030$2,523$1,233$283

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 $6,235 every year, while hoping to spend $42,428 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: 34/46/20 Blend
70$18,000,000$18,000,000$18,000,000$18,000,000
71$19,842,431$18,888,431$18,609,431$20,395,144
72$21,821,216$19,768,821$19,187,704$21,684,204
73$24,000,415$20,690,929$19,783,927$23,068,991
74$26,400,426$21,656,752$20,398,657$24,561,433
75$29,043,724$22,668,388$21,032,467$26,171,085
76$31,955,079$23,728,034$21,685,949$27,908,407
77$35,161,781$24,837,992$22,359,713$29,784,863
78$38,693,907$26,000,678$23,054,388$31,813,018
79$42,584,597$27,218,622$23,770,621$34,006,643
80$46,870,370$28,494,479$24,509,081$36,380,842
81$51,591,470$29,831,031$25,270,457$38,952,176
82$56,792,242$31,231,193$26,055,460$41,738,816
83$62,521,554$32,698,025$26,864,821$44,760,698
84$68,833,256$34,234,731$27,699,295$48,039,702
85$75,786,687$35,844,673$28,559,662$51,599,845
86$83,447,241$37,531,373$29,446,722$55,467,493
87$91,886,976$39,298,527$30,361,303$59,671,600
88$101,185,300$41,150,007$31,304,259$64,243,962
89$111,429,717$43,089,874$32,276,468$69,219,509
90$122,716,655$45,122,385$33,278,837$74,636,611
91$135,152,376$47,252,004$34,312,301$80,537,428
92$148,853,977$49,483,411$35,377,821$86,968,294
93$163,950,498$51,821,512$36,476,393$93,980,130
94$180,584,136$54,271,454$37,609,039$101,628,908
95$198,911,591$56,838,629$38,776,816$109,976,163
96$219,105,545$59,528,693$39,980,811$119,089,549
97$241,356,289$62,347,578$41,222,146$129,043,458
98$265,873,521$65,301,500$42,501,979$139,919,699
99$292,888,326$68,396,979$43,821,501$151,808,247
100$322,655,356$71,640,851$45,181,942$164,808,069