Can I retire at age 71 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,403,713
2 years$744,029$730,172$716,743$703,722$691,092$643,610
3 years$491,092$477,176$463,780$450,882$438,457$392,563
4 years$364,649$350,775$337,513$324,835$312,711$268,757
5 years$288,802$275,012$261,924$249,504$237,718$195,821
6 years$238,255$224,568$211,674$199,531$188,098$148,293
7 years$202,163$188,592$175,902$164,045$152,974$115,256
8 years$175,107$161,658$149,179$137,613$126,907$91,248
9 years$154,074$140,752$128,487$117,216$106,874$73,232
10 years$137,258$124,066$112,018$101,041$91,062$59,385
11 years$123,508$110,449$98,619$87,936$78,316$48,545
12 years$112,059$99,133$87,522$77,132$67,867$39,936
13 years$102,378$89,587$78,195$68,096$59,182$33,020
14 years$94,087$81,432$70,259$60,448$51,878$27,413
15 years$86,908$74,390$63,434$53,909$45,678$22,834
16 years$80,633$68,251$57,512$48,270$40,370$19,072
17 years$75,102$62,857$52,334$43,370$35,795$15,965
18 years$70,190$58,083$47,774$39,085$31,827$13,389
19 years$65,801$53,830$43,735$35,317$28,368$11,247
20 years$61,856$50,022$40,138$31,986$25,339$9,459
21 years$58,291$46,593$36,919$29,029$22,676$7,964
22 years$55,055$43,493$34,027$26,394$20,325$6,711
23 years$52,104$40,678$31,417$24,038$18,245$5,659
24 years$49,403$38,113$29,056$21,924$16,399$4,776
25 years$46,922$35,767$26,912$20,022$14,757$4,032
26 years$44,636$33,615$24,959$18,307$13,292$3,406
27 years$42,523$31,636$23,177$16,757$11,984$2,878
28 years$40,564$29,810$21,546$15,353$10,814$2,433
29 years$38,743$28,123$20,050$14,079$9,764$2,057
30 years$37,047$26,559$18,676$12,921$8,823$1,739
31 years$35,464$25,107$17,411$11,867$7,977$1,471
32 years$33,982$23,756$16,245$10,906$7,215$1,245
33 years$32,594$22,498$15,168$10,029$6,530$1,053
34 years$31,289$21,323$14,172$9,228$5,912$891
35 years$30,062$20,224$13,250$8,494$5,355$754
36 years$28,906$19,196$12,395$7,823$4,852$638
37 years$27,815$18,231$11,601$7,208$4,397$540
38 years$26,783$17,326$10,864$6,644$3,987$457
39 years$25,807$16,476$10,179$6,126$3,615$387
40 years$24,882$15,675$9,540$5,650$3,279$328
41 years$24,005$14,921$8,946$5,213$2,975$277
42 years$23,171$14,211$8,392$4,811$2,699$235
43 years$22,379$13,540$7,874$4,441$2,450$199
44 years$21,624$12,906$7,391$4,101$2,224$168
45 years$20,905$12,307$6,940$3,787$2,019$143
46 years$20,220$11,741$6,518$3,498$1,833$121
47 years$19,565$11,204$6,124$3,232$1,664$102
48 years$18,940$10,696$5,755$2,986$1,511$87
49 years$18,342$10,214$5,409$2,760$1,373$73
50 years$17,770$9,757$5,085$2,551$1,247$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,200,000, adding $2,537 every year, while hoping to spend $41,849 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: 81/8/11 Blend
70$18,200,000$18,200,000$18,200,000$18,200,000
71$20,059,017$19,094,417$18,812,317$21,645,925
72$22,060,510$19,985,516$19,398,003$23,578,116
73$24,264,752$20,918,877$20,001,906$25,692,776
74$26,692,380$21,896,526$20,624,593$28,012,690
75$29,366,134$22,920,587$21,266,649$30,558,403
76$32,311,072$23,993,287$21,928,673$33,352,535
77$35,554,805$25,116,962$22,611,288$36,420,001
78$39,127,762$26,294,060$23,315,132$39,788,240
79$43,063,470$27,527,145$24,040,866$43,487,470
80$47,398,878$28,818,909$24,789,169$47,550,975
81$52,174,700$30,172,172$25,560,742$52,015,413
82$57,435,801$31,589,891$26,356,309$56,921,164
83$63,231,623$33,075,165$27,176,615$62,312,703
84$69,616,645$34,631,245$28,022,429$68,239,022
85$76,650,905$36,261,538$28,894,542$74,754,087
86$84,400,560$37,969,616$29,793,772$81,917,344
87$92,938,514$39,759,225$30,720,960$89,794,280
88$102,345,107$41,634,291$31,676,977$98,457,034
89$112,708,868$43,598,931$32,662,715$107,985,079
90$124,127,356$45,657,462$33,679,100$118,465,964
91$136,708,079$47,814,411$34,727,083$129,996,141
92$150,569,507$50,074,521$35,807,644$142,681,870
93$165,842,193$52,442,769$36,921,796$156,640,216
94$182,670,003$54,924,370$38,070,583$172,000,153
95$201,211,474$57,524,795$39,255,078$188,903,779
96$221,641,313$60,249,779$40,476,392$207,507,646
97$244,152,043$63,105,334$41,735,667$227,984,239
98$268,955,822$66,097,766$43,034,082$250,523,598
99$296,286,445$69,233,686$44,372,853$275,335,106
100$326,401,550$72,520,025$45,753,232$302,649,463