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%12.4%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,436,735
2 years$744,029$730,172$716,743$703,722$691,092$676,429
3 years$491,092$477,176$463,780$450,882$438,457$424,144
4 years$364,649$350,775$337,513$324,835$312,711$298,858
5 years$288,802$275,012$261,924$249,504$237,718$224,366
6 years$238,255$224,568$211,674$199,531$188,098$175,264
7 years$202,163$188,592$175,902$164,045$152,974$140,662
8 years$175,107$161,658$149,179$137,613$126,907$115,117
9 years$154,074$140,752$128,487$117,216$106,874$95,603
10 years$137,258$124,066$112,018$101,041$91,062$80,302
11 years$123,508$110,449$98,619$87,936$78,316$68,059
12 years$112,059$99,133$87,522$77,132$67,867$58,102
13 years$102,378$89,587$78,195$68,096$59,182$49,897
14 years$94,087$81,432$70,259$60,448$51,878$43,062
15 years$86,908$74,390$63,434$53,909$45,678$37,316
16 years$80,633$68,251$57,512$48,270$40,370$32,449
17 years$75,102$62,857$52,334$43,370$35,795$28,301
18 years$70,190$58,083$47,774$39,085$31,827$24,745
19 years$65,801$53,830$43,735$35,317$28,368$21,683
20 years$61,856$50,022$40,138$31,986$25,339$19,035
21 years$58,291$46,593$36,919$29,029$22,676$16,738
22 years$55,055$43,493$34,027$26,394$20,325$14,739
23 years$52,104$40,678$31,417$24,038$18,245$12,994
24 years$49,403$38,113$29,056$21,924$16,399$11,468
25 years$46,922$35,767$26,912$20,022$14,757$10,131
26 years$44,636$33,615$24,959$18,307$13,292$8,957
27 years$42,523$31,636$23,177$16,757$11,984$7,925
28 years$40,564$29,810$21,546$15,353$10,814$7,016
29 years$38,743$28,123$20,050$14,079$9,764$6,215
30 years$37,047$26,559$18,676$12,921$8,823$5,509
31 years$35,464$25,107$17,411$11,867$7,977$4,884
32 years$33,982$23,756$16,245$10,906$7,215$4,332
33 years$32,594$22,498$15,168$10,029$6,530$3,844
34 years$31,289$21,323$14,172$9,228$5,912$3,412
35 years$30,062$20,224$13,250$8,494$5,355$3,029
36 years$28,906$19,196$12,395$7,823$4,852$2,690
37 years$27,815$18,231$11,601$7,208$4,397$2,389
38 years$26,783$17,326$10,864$6,644$3,987$2,122
39 years$25,807$16,476$10,179$6,126$3,615$1,886
40 years$24,882$15,675$9,540$5,650$3,279$1,676
41 years$24,005$14,921$8,946$5,213$2,975$1,489
42 years$23,171$14,211$8,392$4,811$2,699$1,324
43 years$22,379$13,540$7,874$4,441$2,450$1,177
44 years$21,624$12,906$7,391$4,101$2,224$1,046
45 years$20,905$12,307$6,940$3,787$2,019$930
46 years$20,220$11,741$6,518$3,498$1,833$827
47 years$19,565$11,204$6,124$3,232$1,664$735
48 years$18,940$10,696$5,755$2,986$1,511$654
49 years$18,342$10,214$5,409$2,760$1,373$582
50 years$17,770$9,757$5,085$2,551$1,247$517

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 $3,179 every year, while hoping to spend $28,936 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: 35/44/21 Blend
70$18,200,000$18,200,000$18,200,000$18,200,000
71$20,059,679$19,095,079$18,812,979$20,633,407
72$22,074,979$19,999,950$19,412,426$21,960,652
73$24,294,869$20,948,190$20,030,985$23,388,844
74$26,740,188$21,941,894$20,669,265$24,929,251
75$29,433,897$22,983,257$21,327,896$26,591,879
76$32,401,301$24,074,582$22,007,526$28,387,690
77$35,670,281$25,218,285$22,708,826$30,328,701
78$39,271,566$26,416,896$23,432,488$32,428,080
79$43,239,013$27,673,072$24,179,223$34,700,267
80$47,609,934$28,989,595$24,949,770$37,161,099
81$52,425,447$30,369,384$25,744,886$39,827,946
82$57,730,860$31,815,501$26,565,357$42,719,867
83$63,576,103$33,331,156$27,411,992$45,857,777
84$70,016,196$34,919,713$28,285,624$49,264,632
85$77,111,772$36,584,703$29,187,117$52,965,634
86$84,929,645$38,329,826$30,117,357$56,988,455
87$93,543,444$40,158,963$31,077,264$61,363,483
88$103,034,306$42,076,183$32,067,783$66,124,098
89$113,491,644$44,085,754$33,089,892$71,306,966
90$125,013,986$46,192,151$34,144,599$76,952,376
91$137,709,913$48,400,066$35,232,943$83,104,598
92$151,699,076$50,714,421$36,355,998$89,812,287
93$167,113,330$53,140,376$37,514,873$97,128,921
94$184,097,978$55,683,343$38,710,709$105,113,289
95$202,813,141$58,348,997$39,944,688$113,830,027
96$223,435,272$61,143,288$41,218,025$123,350,202
97$246,158,819$64,072,458$42,531,978$133,751,966
98$271,198,062$67,143,052$43,887,843$145,121,271
99$298,789,135$70,361,933$45,286,956$157,552,651
100$329,192,258$73,736,298$46,730,700$171,150,094