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%13.5%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,453,771
2 years$756,293$742,208$728,557$715,322$702,484$680,923
3 years$499,187$485,041$471,425$458,314$445,685$424,679
4 years$370,659$356,557$343,077$330,189$317,866$297,577
5 years$293,563$279,545$266,242$253,617$241,637$222,123
6 years$242,182$228,269$215,163$202,820$191,199$172,484
7 years$205,496$191,700$178,801$166,749$155,496$137,586
8 years$177,994$164,322$151,638$139,882$128,999$111,891
9 years$156,614$143,072$130,605$119,148$108,636$92,322
10 years$139,521$126,111$113,865$102,707$92,563$77,031
11 years$125,544$112,269$100,245$89,386$79,607$64,842
12 years$113,906$100,767$88,965$78,403$68,986$54,969
13 years$104,065$91,064$79,484$69,218$60,157$46,869
14 years$95,638$82,775$71,417$61,444$52,733$40,154
15 years$88,341$75,616$64,480$54,798$46,431$34,538
16 years$81,962$69,376$58,460$49,065$41,036$29,806
17 years$76,340$63,893$53,197$44,085$36,385$25,795
18 years$71,347$59,040$48,562$39,729$32,352$22,377
19 years$66,886$54,718$44,456$35,899$28,836$19,451
20 years$62,876$50,846$40,799$32,513$25,757$16,938
21 years$59,252$47,361$37,528$29,508$23,049$14,772
22 years$55,962$44,210$34,587$26,829$20,660$12,899
23 years$52,963$41,349$31,935$24,434$18,546$11,277
24 years$50,218$38,741$29,535$22,285$16,670$9,868
25 years$47,696$36,357$27,355$20,352$15,000$8,643
26 years$45,372$34,169$25,371$18,609$13,512$7,575
27 years$43,224$32,157$23,559$17,033$12,182$6,644
28 years$41,232$30,302$21,901$15,606$10,992$5,830
29 years$39,382$28,586$20,381$14,311$9,925$5,118
30 years$37,658$26,997$18,984$13,134$8,968$4,496
31 years$36,048$25,521$17,698$12,063$8,108$3,950
32 years$34,543$24,148$16,513$11,086$7,334$3,472
33 years$33,131$22,868$15,418$10,194$6,638$3,053
34 years$31,805$21,674$14,406$9,380$6,010$2,685
35 years$30,558$20,557$13,468$8,635$5,443$2,361
36 years$29,382$19,512$12,599$7,952$4,932$2,078
37 years$28,273$18,532$11,793$7,327$4,470$1,828
38 years$27,225$17,612$11,043$6,753$4,052$1,609
39 years$26,233$16,747$10,346$6,227$3,675$1,416
40 years$25,292$15,934$9,698$5,743$3,333$1,247
41 years$24,400$15,167$9,093$5,299$3,024$1,098
42 years$23,553$14,445$8,530$4,890$2,744$966
43 years$22,748$13,763$8,004$4,514$2,490$851
44 years$21,981$13,119$7,513$4,168$2,260$749
45 years$21,250$12,510$7,055$3,850$2,052$660
46 years$20,553$11,934$6,626$3,556$1,863$581
47 years$19,888$11,389$6,225$3,285$1,692$512
48 years$19,252$10,872$5,850$3,036$1,536$451
49 years$18,644$10,382$5,498$2,805$1,395$397
50 years$18,062$9,918$5,169$2,593$1,267$350

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 $2,636 every year, while hoping to spend $31,912 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: 52/42/6 Blend
70$18,500,000$18,500,000$18,500,000$18,500,000
71$20,389,719$19,409,219$19,122,469$21,421,017
72$22,435,516$20,326,317$19,729,118$23,037,787
73$24,688,915$21,287,282$20,355,019$24,791,350
74$27,171,058$22,294,232$21,000,786$26,697,487
75$29,905,241$23,349,385$21,667,047$28,770,563
76$32,917,136$24,455,066$22,354,454$31,026,356
77$36,235,035$25,613,715$23,063,679$33,482,192
78$39,890,110$26,827,888$23,795,414$36,157,106
79$43,916,714$28,100,268$24,550,373$39,072,009
80$48,352,703$29,433,665$25,329,295$42,249,878
81$53,239,792$30,831,028$26,132,940$45,715,963
82$58,623,951$32,295,448$26,962,093$49,498,018
83$64,555,835$33,830,166$27,817,564$53,626,549
84$71,091,267$35,438,581$28,700,189$58,135,094
85$78,291,761$37,124,257$29,610,831$63,060,526
86$86,225,105$38,890,929$30,550,378$68,443,393
87$94,965,999$40,742,518$31,519,748$74,328,283
88$104,596,761$42,683,132$32,519,890$80,764,238
89$115,208,104$44,717,078$33,551,780$87,805,199
90$126,899,991$46,848,876$34,616,426$95,510,501
91$139,782,582$49,083,263$35,714,868$103,945,423
92$153,977,270$51,425,207$36,848,180$113,181,783
93$169,617,827$53,879,918$38,017,469$123,298,602
94$186,851,669$56,452,857$39,223,878$134,382,833
95$205,841,247$59,149,755$40,468,586$146,530,165
96$226,765,579$61,976,618$41,752,808$159,845,903
97$249,821,941$64,939,746$43,077,801$174,445,949
98$275,227,731$68,045,745$44,444,859$190,457,870
99$303,222,515$71,301,542$45,855,317$208,022,084
100$334,070,296$74,714,402$47,310,555$227,293,161