Can I retire at age 71 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,420,578
2 years$739,941$726,160$712,805$699,855$687,295$664,443
3 years$488,394$474,554$461,232$448,404$436,048$413,796
4 years$362,645$348,847$335,659$323,050$310,993$289,512
5 years$287,216$273,501$260,485$248,133$236,412$215,764
6 years$236,946$223,334$210,510$198,434$187,065$167,274
7 years$201,052$187,555$174,935$163,144$152,134$133,206
8 years$174,145$160,770$148,359$136,857$126,210$108,142
9 years$153,228$139,979$127,782$116,572$106,287$89,070
10 years$136,504$123,384$111,403$100,486$90,562$74,182
11 years$122,830$109,842$98,077$87,453$77,886$62,326
12 years$111,443$98,588$87,041$76,708$67,494$52,735
13 years$101,815$89,095$77,765$67,722$58,856$44,876
14 years$93,570$80,985$69,873$60,116$51,593$38,369
15 years$86,431$73,981$63,086$53,613$45,427$32,935
16 years$80,190$67,876$57,196$48,004$40,148$28,363
17 years$74,689$62,512$52,046$43,132$35,598$24,494
18 years$69,805$57,763$47,512$38,870$31,652$21,202
19 years$65,440$53,535$43,495$35,123$28,212$18,390
20 years$61,516$49,747$39,917$31,810$25,200$15,978
21 years$57,971$46,337$36,716$28,870$22,551$13,903
22 years$54,752$43,254$33,840$26,249$20,214$12,113
23 years$51,818$40,455$31,245$23,906$18,145$10,565
24 years$49,132$37,903$28,896$21,803$16,309$9,224
25 years$46,665$35,571$26,764$19,912$14,676$8,059
26 years$44,391$33,431$24,822$18,207$13,219$7,047
27 years$42,289$31,462$23,049$16,665$11,918$6,165
28 years$40,341$29,647$21,427$15,269$10,754$5,397
29 years$38,530$27,968$19,940$14,002$9,711$4,727
30 years$36,844$26,413$18,573$12,850$8,774$4,141
31 years$35,269$24,969$17,315$11,802$7,933$3,630
32 years$33,796$23,626$16,156$10,846$7,176$3,183
33 years$32,414$22,374$15,085$9,974$6,494$2,791
34 years$31,117$21,205$14,094$9,177$5,880$2,448
35 years$29,897$20,113$13,177$8,448$5,325$2,148
36 years$28,747$19,090$12,327$7,780$4,825$1,885
37 years$27,662$18,131$11,538$7,168$4,373$1,655
38 years$26,636$17,231$10,805$6,607$3,965$1,453
39 years$25,665$16,385$10,123$6,092$3,595$1,275
40 years$24,746$15,589$9,488$5,619$3,261$1,120
41 years$23,873$14,839$8,897$5,184$2,959$983
42 years$23,044$14,133$8,345$4,785$2,685$864
43 years$22,256$13,465$7,831$4,417$2,436$758
44 years$21,505$12,835$7,351$4,078$2,212$666
45 years$20,790$12,240$6,902$3,766$2,008$585
46 years$20,109$11,676$6,483$3,479$1,823$514
47 years$19,458$11,143$6,090$3,214$1,655$451
48 years$18,836$10,637$5,723$2,970$1,503$397
49 years$18,241$10,158$5,379$2,745$1,365$348
50 years$17,672$9,703$5,058$2,537$1,240$306

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,100,000, adding $5,335 every year, while hoping to spend $55,893 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: 49/40/11 Blend
70$18,100,000$18,100,000$18,100,000$18,100,000
71$19,951,703$18,992,403$18,711,853$20,869,587
72$21,927,307$19,863,561$19,279,230$22,371,174
73$24,102,549$20,775,533$19,863,742$23,995,012
74$26,497,734$21,730,258$20,465,902$25,757,565
75$29,135,234$22,729,773$21,086,241$27,671,828
76$32,039,704$23,776,207$21,725,305$29,752,070
77$35,238,309$24,871,796$22,383,658$32,013,961
78$38,760,983$26,018,881$23,061,878$34,474,716
79$42,640,714$27,219,917$23,760,562$37,153,243
80$46,913,851$28,477,477$24,480,324$40,070,320
81$51,620,446$29,794,255$25,221,797$43,248,778
82$56,804,638$31,173,080$25,985,634$46,713,711
83$62,515,062$32,616,913$26,772,504$50,492,700
84$68,805,315$34,128,858$27,583,100$54,616,069
85$75,734,456$35,712,171$28,418,132$59,117,155
86$83,367,566$37,370,263$29,278,335$64,032,614
87$91,776,361$39,106,709$30,164,462$69,402,759
88$101,039,871$40,925,258$31,077,292$75,271,926
89$111,245,181$42,829,839$32,017,625$81,688,879
90$122,488,259$44,824,571$32,986,285$88,707,260
91$134,874,858$46,913,771$33,984,122$96,386,083
92$148,521,512$49,101,965$35,012,009$104,790,272
93$163,556,642$51,393,897$36,070,847$113,991,266
94$180,121,762$53,794,540$37,161,563$124,067,671
95$198,372,818$56,309,109$38,285,112$135,105,991
96$218,481,659$58,943,069$39,442,477$147,201,428
97$240,637,659$61,702,150$40,634,670$160,458,758
98$265,049,502$64,592,357$41,862,734$174,993,307
99$291,947,158$67,619,990$43,127,742$190,932,018
100$321,584,048$70,791,648$44,430,800$208,414,628