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%11.1%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,436,633
2 years$739,941$726,160$712,805$699,855$687,295$680,546
3 years$488,394$474,554$461,232$448,404$436,048$429,446
4 years$362,645$348,847$335,659$323,050$310,993$304,588
5 years$287,216$273,501$260,485$248,133$236,412$230,222
6 years$236,946$223,334$210,510$198,434$187,065$181,099
7 years$201,052$187,555$174,935$163,144$152,134$146,395
8 years$174,145$160,770$148,359$136,857$126,210$120,698
9 years$153,228$139,979$127,782$116,572$106,287$101,001
10 years$136,504$123,384$111,403$100,486$90,562$85,500
11 years$122,830$109,842$98,077$87,453$77,886$73,045
12 years$111,443$98,588$87,041$76,708$67,494$62,870
13 years$101,815$89,095$77,765$67,722$58,856$54,444
14 years$93,570$80,985$69,873$60,116$51,593$47,388
15 years$86,431$73,981$63,086$53,613$45,427$41,424
16 years$80,190$67,876$57,196$48,004$40,148$36,342
17 years$74,689$62,512$52,046$43,132$35,598$31,983
18 years$69,805$57,763$47,512$38,870$31,652$28,222
19 years$65,440$53,535$43,495$35,123$28,212$24,961
20 years$61,516$49,747$39,917$31,810$25,200$22,121
21 years$57,971$46,337$36,716$28,870$22,551$19,639
22 years$54,752$43,254$33,840$26,249$20,214$17,462
23 years$51,818$40,455$31,245$23,906$18,145$15,547
24 years$49,132$37,903$28,896$21,803$16,309$13,859
25 years$46,665$35,571$26,764$19,912$14,676$12,367
26 years$44,391$33,431$24,822$18,207$13,219$11,046
27 years$42,289$31,462$23,049$16,665$11,918$9,874
28 years$40,341$29,647$21,427$15,269$10,754$8,833
29 years$38,530$27,968$19,940$14,002$9,711$7,906
30 years$36,844$26,413$18,573$12,850$8,774$7,081
31 years$35,269$24,969$17,315$11,802$7,933$6,346
32 years$33,796$23,626$16,156$10,846$7,176$5,689
33 years$32,414$22,374$15,085$9,974$6,494$5,103
34 years$31,117$21,205$14,094$9,177$5,880$4,578
35 years$29,897$20,113$13,177$8,448$5,325$4,109
36 years$28,747$19,090$12,327$7,780$4,825$3,689
37 years$27,662$18,131$11,538$7,168$4,373$3,313
38 years$26,636$17,231$10,805$6,607$3,965$2,976
39 years$25,665$16,385$10,123$6,092$3,595$2,673
40 years$24,746$15,589$9,488$5,619$3,261$2,402
41 years$23,873$14,839$8,897$5,184$2,959$2,159
42 years$23,044$14,133$8,345$4,785$2,685$1,941
43 years$22,256$13,465$7,831$4,417$2,436$1,745
44 years$21,505$12,835$7,351$4,078$2,212$1,569
45 years$20,790$12,240$6,902$3,766$2,008$1,410
46 years$20,109$11,676$6,483$3,479$1,823$1,268
47 years$19,458$11,143$6,090$3,214$1,655$1,141
48 years$18,836$10,637$5,723$2,970$1,503$1,026
49 years$18,241$10,158$5,379$2,745$1,365$923
50 years$17,672$9,703$5,058$2,537$1,240$830

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 $3,218 every year, while hoping to spend $33,547 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: 59/17/24 Blend
70$18,100,000$18,100,000$18,100,000$18,100,000
71$19,949,519$18,990,219$18,709,669$20,997,797
72$21,948,677$19,885,046$19,300,750$22,606,781
73$24,150,624$20,822,596$19,910,507$24,356,966
74$26,576,009$21,804,925$20,539,531$26,265,194
75$29,247,588$22,834,192$21,188,431$28,346,795
76$32,190,434$23,912,659$21,857,835$30,618,631
77$35,432,177$25,042,699$22,548,391$33,099,251
78$39,003,265$26,226,797$23,260,769$35,809,060
79$42,937,250$27,467,562$23,995,656$38,770,509
80$47,271,104$28,767,727$24,753,765$42,008,301
81$52,045,571$30,130,159$25,535,830$45,549,620
82$57,305,546$31,557,864$26,342,608$49,424,380
83$63,100,506$33,053,994$27,174,880$53,665,506
84$69,484,970$34,621,852$28,033,451$58,309,234
85$76,519,019$36,264,905$28,919,153$63,395,452
86$84,268,858$37,986,784$29,832,843$68,968,065
87$92,807,444$39,791,299$30,775,406$75,075,409
88$102,215,176$41,682,446$31,747,755$81,770,695
89$112,580,650$43,664,411$32,750,831$89,112,507
90$124,001,497$45,741,588$33,785,605$97,165,348
91$136,585,306$47,918,582$34,853,079$106,000,238
92$150,450,637$50,200,222$35,954,286$115,695,382
93$165,728,140$52,591,572$37,090,293$126,336,894
94$182,561,792$55,097,941$38,262,200$138,019,604
95$201,110,253$57,724,897$39,471,141$150,847,943
96$221,548,361$60,478,280$40,718,288$164,936,921
97$244,068,791$63,364,212$42,004,846$180,413,201
98$268,883,862$66,389,113$43,332,064$197,416,285
99$296,227,552$69,559,717$44,701,224$216,099,819
100$326,357,702$72,883,082$46,113,654$236,633,033