Can I retire at age 71 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,465,919
2 years$756,293$742,208$728,557$715,322$702,484$693,106
3 years$499,187$485,041$471,425$458,314$445,685$436,516
4 years$370,659$356,557$343,077$330,189$317,866$308,977
5 years$293,563$279,545$266,242$253,617$241,637$233,054
6 years$242,182$228,269$215,163$202,820$191,199$182,934
7 years$205,496$191,700$178,801$166,749$155,496$147,552
8 years$177,994$164,322$151,638$139,882$128,999$121,377
9 years$156,614$143,072$130,605$119,148$108,636$101,333
10 years$139,521$126,111$113,865$102,707$92,563$85,576
11 years$125,544$112,269$100,245$89,386$79,607$72,932
12 years$113,906$100,767$88,965$78,403$68,986$62,616
13 years$104,065$91,064$79,484$69,218$60,157$54,086
14 years$95,638$82,775$71,417$61,444$52,733$46,954
15 years$88,341$75,616$64,480$54,798$46,431$40,935
16 years$81,962$69,376$58,460$49,065$41,036$35,816
17 years$76,340$63,893$53,197$44,085$36,385$31,433
18 years$71,347$59,040$48,562$39,729$32,352$27,659
19 years$66,886$54,718$44,456$35,899$28,836$24,394
20 years$62,876$50,846$40,799$32,513$25,757$21,556
21 years$59,252$47,361$37,528$29,508$23,049$19,081
22 years$55,962$44,210$34,587$26,829$20,660$16,916
23 years$52,963$41,349$31,935$24,434$18,546$15,016
24 years$50,218$38,741$29,535$22,285$16,670$13,344
25 years$47,696$36,357$27,355$20,352$15,000$11,871
26 years$45,372$34,169$25,371$18,609$13,512$10,570
27 years$43,224$32,157$23,559$17,033$12,182$9,419
28 years$41,232$30,302$21,901$15,606$10,992$8,399
29 years$39,382$28,586$20,381$14,311$9,925$7,494
30 years$37,658$26,997$18,984$13,134$8,968$6,691
31 years$36,048$25,521$17,698$12,063$8,108$5,976
32 years$34,543$24,148$16,513$11,086$7,334$5,340
33 years$33,131$22,868$15,418$10,194$6,638$4,774
34 years$31,805$21,674$14,406$9,380$6,010$4,269
35 years$30,558$20,557$13,468$8,635$5,443$3,819
36 years$29,382$19,512$12,599$7,952$4,932$3,417
37 years$28,273$18,532$11,793$7,327$4,470$3,058
38 years$27,225$17,612$11,043$6,753$4,052$2,738
39 years$26,233$16,747$10,346$6,227$3,675$2,451
40 years$25,292$15,934$9,698$5,743$3,333$2,195
41 years$24,400$15,167$9,093$5,299$3,024$1,966
42 years$23,553$14,445$8,530$4,890$2,744$1,761
43 years$22,748$13,763$8,004$4,514$2,490$1,578
44 years$21,981$13,119$7,513$4,168$2,260$1,414
45 years$21,250$12,510$7,055$3,850$2,052$1,267
46 years$20,553$11,934$6,626$3,556$1,863$1,135
47 years$19,888$11,389$6,225$3,285$1,692$1,017
48 years$19,252$10,872$5,850$3,036$1,536$912
49 years$18,644$10,382$5,498$2,805$1,395$817
50 years$18,062$9,918$5,169$2,593$1,267$733

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,500,000, adding $6,432 every year, while hoping to spend $41,762 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: 57/21/22 Blend
70$18,500,000$18,500,000$18,500,000$18,500,000
71$20,393,635$19,413,135$19,126,385$21,434,840
72$22,429,351$20,319,944$19,722,684$23,052,768
73$24,671,311$21,269,787$20,337,560$24,810,184
74$27,140,506$22,264,729$20,971,590$26,724,629
75$29,860,071$23,306,933$21,625,371$28,811,246
76$32,855,495$24,398,669$22,299,518$31,086,688
77$36,154,867$25,542,316$22,994,664$33,569,265
78$39,789,141$26,740,368$23,711,463$36,279,119
79$43,792,426$27,995,437$24,450,588$39,238,404
80$48,202,306$29,310,266$25,212,736$42,471,491
81$53,060,200$30,687,728$25,998,621$46,005,192
82$58,411,748$32,130,835$26,808,984$49,869,009
83$64,307,246$33,642,746$27,644,584$54,095,401
84$70,802,117$35,226,772$28,506,209$58,720,091
85$77,957,433$36,886,384$29,394,667$63,782,390
86$85,840,497$38,625,222$30,310,794$69,325,564
87$94,525,472$40,447,103$31,255,451$75,397,237
88$104,094,086$42,356,027$32,229,524$82,049,828
89$114,636,400$44,356,189$33,233,930$89,341,038
90$126,251,658$46,451,988$34,269,613$97,334,393
91$139,049,227$48,648,035$35,337,544$106,099,826
92$153,149,625$50,949,165$36,438,728$115,714,333
93$168,685,660$53,360,448$37,574,199$126,262,689
94$185,803,687$55,887,199$38,745,024$137,838,238
95$204,664,982$58,534,992$39,952,302$150,543,764
96$225,447,274$61,309,670$41,197,168$164,492,448
97$248,346,413$64,217,360$42,480,790$179,808,929
98$273,578,225$67,264,489$43,804,374$196,630,465
99$301,380,547$70,457,792$45,169,164$215,108,218
100$332,015,472$73,804,333$46,576,440$235,408,667