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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,406,715
2 years$739,941$726,160$712,805$699,855$687,295$650,655
3 years$488,394$474,554$461,232$448,404$436,048$400,517
4 years$362,645$348,847$335,659$323,050$310,993$276,846
5 years$287,216$273,501$260,485$248,133$236,412$203,742
6 years$236,946$223,334$210,510$198,434$187,065$155,905
7 years$201,052$187,555$174,935$163,144$152,134$122,487
8 years$174,145$160,770$148,359$136,857$126,210$98,062
9 years$153,228$139,979$127,782$116,572$106,287$79,615
10 years$136,504$123,384$111,403$100,486$90,562$65,333
11 years$122,830$109,842$98,077$87,453$77,886$54,064
12 years$111,443$98,588$87,041$76,708$67,494$45,037
13 years$101,815$89,095$77,765$67,722$58,856$37,719
14 years$93,570$80,985$69,873$60,116$51,593$31,728
15 years$86,431$73,981$63,086$53,613$45,427$26,785
16 years$80,190$67,876$57,196$48,004$40,148$22,679
17 years$74,689$62,512$52,046$43,132$35,598$19,250
18 years$69,805$57,763$47,512$38,870$31,652$16,374
19 years$65,440$53,535$43,495$35,123$28,212$13,951
20 years$61,516$49,747$39,917$31,810$25,200$11,905
21 years$57,971$46,337$36,716$28,870$22,551$10,171
22 years$54,752$43,254$33,840$26,249$20,214$8,699
23 years$51,818$40,455$31,245$23,906$18,145$7,446
24 years$49,132$37,903$28,896$21,803$16,309$6,379
25 years$46,665$35,571$26,764$19,912$14,676$5,468
26 years$44,391$33,431$24,822$18,207$13,219$4,690
27 years$42,289$31,462$23,049$16,665$11,918$4,025
28 years$40,341$29,647$21,427$15,269$10,754$3,455
29 years$38,530$27,968$19,940$14,002$9,711$2,967
30 years$36,844$26,413$18,573$12,850$8,774$2,549
31 years$35,269$24,969$17,315$11,802$7,933$2,190
32 years$33,796$23,626$16,156$10,846$7,176$1,882
33 years$32,414$22,374$15,085$9,974$6,494$1,618
34 years$31,117$21,205$14,094$9,177$5,880$1,391
35 years$29,897$20,113$13,177$8,448$5,325$1,196
36 years$28,747$19,090$12,327$7,780$4,825$1,029
37 years$27,662$18,131$11,538$7,168$4,373$885
38 years$26,636$17,231$10,805$6,607$3,965$761
39 years$25,665$16,385$10,123$6,092$3,595$655
40 years$24,746$15,589$9,488$5,619$3,261$563
41 years$23,873$14,839$8,897$5,184$2,959$484
42 years$23,044$14,133$8,345$4,785$2,685$417
43 years$22,256$13,465$7,831$4,417$2,436$359
44 years$21,505$12,835$7,351$4,078$2,212$308
45 years$20,790$12,240$6,902$3,766$2,008$265
46 years$20,109$11,676$6,483$3,479$1,823$228
47 years$19,458$11,143$6,090$3,214$1,655$197
48 years$18,836$10,637$5,723$2,970$1,503$169
49 years$18,241$10,158$5,379$2,745$1,365$146
50 years$17,672$9,703$5,058$2,537$1,240$125

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 $4,661 every year, while hoping to spend $28,060 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: 50/26/24 Blend
70$18,100,000$18,100,000$18,100,000$18,100,000
71$19,951,008$18,991,708$18,711,158$20,813,574
72$21,956,155$19,892,446$19,308,126$22,314,638
73$24,164,887$20,836,380$19,924,152$23,941,964
74$26,597,939$21,825,596$20,559,845$25,710,122
75$29,278,162$22,862,284$21,215,833$27,632,454
76$32,230,736$23,948,736$21,892,765$29,723,621
77$35,483,407$25,087,361$22,591,309$31,999,735
78$39,066,753$26,280,680$23,312,156$34,478,502
79$43,014,467$27,531,339$24,056,018$37,179,386
80$47,363,679$28,842,111$24,823,632$40,123,785
81$52,155,306$30,215,906$25,615,755$43,335,225
82$57,434,436$31,655,774$26,433,171$46,839,576
83$63,250,754$33,164,913$27,276,688$50,665,288
84$69,659,015$34,746,677$28,147,141$54,843,652
85$76,719,553$36,404,582$29,045,388$59,409,085
86$84,498,858$38,142,318$29,972,320$64,399,449
87$93,070,201$39,963,751$30,928,852$69,856,399
88$102,514,324$41,872,937$31,915,931$75,825,765
89$112,920,202$43,874,128$32,934,532$82,357,973
90$124,385,886$45,971,784$33,985,662$89,508,517
91$137,019,427$48,170,582$35,070,362$97,338,464
92$150,939,893$50,475,425$36,189,704$105,915,028
93$166,278,499$52,891,457$37,344,796$115,312,182
94$183,179,838$55,424,071$38,536,779$125,611,354
95$201,803,253$58,078,922$39,766,832$136,902,176
96$222,324,338$60,861,942$41,036,174$149,283,320
97$244,936,593$63,779,350$42,346,059$162,863,412
98$269,853,256$66,837,669$43,697,782$177,762,048
99$297,309,313$70,043,739$45,092,682$194,110,901
100$327,563,714$73,404,734$46,532,139$212,054,953