Can I retire at age 71 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,415,746
2 years$752,205$738,196$724,619$711,455$698,687$647,346
3 years$496,489$482,419$468,877$455,836$443,275$393,704
4 years$368,656$354,629$341,222$328,404$316,148$268,723
5 years$291,976$278,034$264,802$252,246$240,331$195,178
6 years$240,873$227,035$214,000$201,723$190,165$147,320
7 years$204,385$190,664$177,835$165,848$154,655$114,108
8 years$177,031$163,434$150,818$139,126$128,302$90,019
9 years$155,768$142,299$129,899$118,504$108,048$71,981
10 years$138,767$125,430$113,249$102,152$92,063$58,151
11 years$124,866$111,663$99,703$88,903$79,177$47,351
12 years$113,290$100,222$88,484$77,980$68,613$38,798
13 years$103,503$90,572$79,054$68,844$59,832$31,948
14 years$95,121$82,327$71,031$61,112$52,448$26,413
15 years$87,863$75,207$64,131$54,501$46,180$21,908
16 years$81,519$69,001$58,144$48,800$40,814$18,219
17 years$75,927$63,548$52,909$43,846$36,188$15,184
18 years$70,962$58,721$48,299$39,514$32,177$12,677
19 years$66,524$54,422$44,216$35,705$28,680$10,600
20 years$62,536$50,571$40,579$32,337$25,617$8,874
21 years$58,932$47,105$37,325$29,348$22,925$7,437
22 years$55,660$43,971$34,400$26,684$20,549$6,238
23 years$52,677$41,125$31,763$24,302$18,446$5,236
24 years$49,946$38,532$29,375$22,165$16,580$4,397
25 years$47,438$36,160$27,207$20,242$14,919$3,695
26 years$45,127$33,985$25,233$18,508$13,439$3,106
27 years$42,990$31,984$23,431$16,941$12,116$2,612
28 years$41,010$30,138$21,783$15,522$10,932$2,197
29 years$39,169$28,432$20,270$14,234$9,872$1,848
30 years$37,454$26,851$18,881$13,063$8,920$1,555
31 years$35,854$25,383$17,602$11,997$8,064$1,309
32 years$34,356$24,017$16,423$11,026$7,295$1,102
33 years$32,952$22,745$15,335$10,139$6,602$928
34 years$31,633$21,557$14,328$9,329$5,977$781
35 years$30,392$20,446$13,395$8,588$5,414$658
36 years$29,223$19,407$12,531$7,909$4,905$554
37 years$28,120$18,432$11,729$7,287$4,446$467
38 years$27,078$17,517$10,984$6,717$4,030$393
39 years$26,091$16,657$10,290$6,193$3,655$331
40 years$25,156$15,848$9,645$5,712$3,315$279
41 years$24,269$15,085$9,044$5,270$3,008$235
42 years$23,426$14,367$8,484$4,864$2,729$198
43 years$22,625$13,689$7,961$4,490$2,477$167
44 years$21,862$13,048$7,473$4,146$2,248$140
45 years$21,135$12,443$7,017$3,829$2,041$118
46 years$20,442$11,870$6,590$3,537$1,853$100
47 years$19,780$11,327$6,191$3,267$1,683$84
48 years$19,148$10,813$5,818$3,019$1,528$71
49 years$18,543$10,326$5,469$2,790$1,388$60
50 years$17,965$9,864$5,141$2,579$1,261$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,400,000, adding $3,032 every year, while hoping to spend $58,807 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: 78/6/16 Blend
70$18,400,000$18,400,000$18,400,000$18,400,000
71$20,279,928$19,304,728$19,019,528$21,791,648
72$22,285,910$20,188,089$19,594,111$23,672,295
73$24,494,532$21,112,764$20,185,973$25,726,980
74$26,926,400$22,080,715$20,795,629$27,979,231
75$29,604,221$23,093,999$21,423,611$30,448,782
76$32,553,017$24,154,771$22,070,468$33,157,369
77$35,800,359$25,265,289$22,736,763$36,128,925
78$39,376,629$26,427,921$23,423,077$39,389,810
79$43,315,303$27,645,147$24,130,009$42,969,056
80$47,653,274$28,919,569$24,858,174$46,898,639
81$52,431,192$30,253,912$25,608,206$51,213,777
82$57,693,852$31,651,032$26,380,760$55,953,262
83$63,490,615$33,113,923$27,176,506$61,159,823
84$69,875,876$34,645,724$27,996,137$66,880,527
85$76,909,574$36,249,723$28,840,366$73,167,221
86$84,657,760$37,929,368$29,709,927$80,077,018
87$93,193,218$39,688,274$30,605,576$87,672,834
88$102,596,154$41,530,227$31,528,091$96,023,977
89$112,954,952$43,459,199$32,478,273$105,206,802
90$124,367,008$45,479,351$33,456,946$115,305,424
91$136,939,650$47,595,046$34,464,961$126,412,514
92$150,791,148$49,810,857$35,503,191$138,630,164
93$166,051,834$52,131,578$36,572,536$152,070,855
94$182,865,330$54,562,234$37,673,925$166,858,506
95$201,389,903$57,108,092$38,808,311$183,129,649
96$221,799,960$59,774,676$39,976,676$201,034,707
97$244,287,693$62,567,773$41,180,032$220,739,412
98$269,064,896$65,493,452$42,419,422$242,426,369
99$296,364,959$68,558,075$43,695,916$266,296,767
100$326,445,076$71,768,310$45,010,620$292,572,283