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%12.1%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,454,341
2 years$752,205$738,196$724,619$711,455$698,687$685,686
3 years$496,489$482,419$468,877$455,836$443,275$430,579
4 years$368,656$354,629$341,222$328,404$316,148$303,853
5 years$291,976$278,034$264,802$252,246$240,331$228,473
6 years$240,873$227,035$214,000$201,723$190,165$178,760
7 years$204,385$190,664$177,835$165,848$154,655$143,708
8 years$177,031$163,434$150,818$139,126$128,302$117,811
9 years$155,768$142,299$129,899$118,504$108,048$98,012
10 years$138,767$125,430$113,249$102,152$92,063$82,475
11 years$124,866$111,663$99,703$88,903$79,177$70,030
12 years$113,290$100,222$88,484$77,980$68,613$59,898
13 years$103,503$90,572$79,054$68,844$59,832$51,539
14 years$95,121$82,327$71,031$61,112$52,448$44,567
15 years$87,863$75,207$64,131$54,501$46,180$38,699
16 years$81,519$69,001$58,144$48,800$40,814$33,721
17 years$75,927$63,548$52,909$43,846$36,188$29,472
18 years$70,962$58,721$48,299$39,514$32,177$25,824
19 years$66,524$54,422$44,216$35,705$28,680$22,677
20 years$62,536$50,571$40,579$32,337$25,617$19,952
21 years$58,932$47,105$37,325$29,348$22,925$17,583
22 years$55,660$43,971$34,400$26,684$20,549$15,518
23 years$52,677$41,125$31,763$24,302$18,446$13,712
24 years$49,946$38,532$29,375$22,165$16,580$12,130
25 years$47,438$36,160$27,207$20,242$14,919$10,741
26 years$45,127$33,985$25,233$18,508$13,439$9,519
27 years$42,990$31,984$23,431$16,941$12,116$8,442
28 years$41,010$30,138$21,783$15,522$10,932$7,492
29 years$39,169$28,432$20,270$14,234$9,872$6,653
30 years$37,454$26,851$18,881$13,063$8,920$5,911
31 years$35,854$25,383$17,602$11,997$8,064$5,254
32 years$34,356$24,017$16,423$11,026$7,295$4,671
33 years$32,952$22,745$15,335$10,139$6,602$4,155
34 years$31,633$21,557$14,328$9,329$5,977$3,697
35 years$30,392$20,446$13,395$8,588$5,414$3,291
36 years$29,223$19,407$12,531$7,909$4,905$2,930
37 years$28,120$18,432$11,729$7,287$4,446$2,609
38 years$27,078$17,517$10,984$6,717$4,030$2,323
39 years$26,091$16,657$10,290$6,193$3,655$2,070
40 years$25,156$15,848$9,645$5,712$3,315$1,844
41 years$24,269$15,085$9,044$5,270$3,008$1,643
42 years$23,426$14,367$8,484$4,864$2,729$1,464
43 years$22,625$13,689$7,961$4,490$2,477$1,305
44 years$21,862$13,048$7,473$4,146$2,248$1,163
45 years$21,135$12,443$7,017$3,829$2,041$1,037
46 years$20,442$11,870$6,590$3,537$1,853$924
47 years$19,780$11,327$6,191$3,267$1,683$824
48 years$19,148$10,813$5,818$3,019$1,528$735
49 years$18,543$10,326$5,469$2,790$1,388$655
50 years$17,965$9,864$5,141$2,579$1,261$584

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 $5,178 every year, while hoping to spend $23,743 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: 69/13/18 Blend
70$18,400,000$18,400,000$18,400,000$18,400,000
71$20,282,141$19,306,941$19,021,741$21,593,194
72$22,325,657$20,227,719$19,633,707$23,388,987
73$24,576,816$21,192,819$20,265,378$25,349,909
74$27,056,772$22,204,388$20,917,389$27,494,928
75$29,788,837$23,264,677$21,590,396$29,842,197
76$32,798,700$24,376,048$22,285,075$32,411,697
77$36,114,667$25,540,974$23,002,126$35,225,421
78$39,767,934$26,762,053$23,742,268$38,307,576
79$43,792,876$28,042,006$24,506,246$41,684,811
80$48,227,373$29,383,688$25,294,829$45,386,460
81$53,113,169$30,790,092$26,108,809$49,444,822
82$58,496,264$32,264,358$26,949,006$53,895,455
83$64,427,349$33,809,779$27,816,265$58,777,509
84$70,962,286$35,429,805$28,711,457$64,134,092
85$78,162,632$37,128,059$29,635,484$70,012,675
86$86,096,223$38,908,335$30,589,274$76,465,527
87$94,837,811$40,774,617$31,573,789$83,550,211
88$104,469,774$42,731,080$32,590,017$91,330,120
89$115,082,890$44,782,102$33,638,982$99,875,066
90$126,777,196$46,932,276$34,721,739$109,261,939
91$139,662,931$49,186,418$35,839,377$119,575,420
92$153,861,576$51,549,578$36,993,022$130,908,781
93$169,507,002$54,027,054$38,183,835$143,364,754
94$186,746,737$56,624,399$39,413,013$157,056,493
95$205,743,349$59,347,440$40,681,794$172,108,640
96$226,675,992$62,202,287$41,991,456$188,658,490
97$249,742,090$65,195,345$43,343,316$206,857,278
98$275,159,202$68,333,335$44,738,736$226,871,602
99$303,167,077$71,623,305$46,179,120$248,884,985
100$334,029,916$75,072,645$47,665,918$273,099,599