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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,460,418
2 years$756,293$742,208$728,557$715,322$702,484$687,579
3 years$499,187$485,041$471,425$458,314$445,685$431,135
4 years$370,659$356,557$343,077$330,189$317,866$303,785
5 years$293,563$279,545$266,242$253,617$241,637$228,064
6 years$242,182$228,269$215,163$202,820$191,199$178,153
7 years$205,496$191,700$178,801$166,749$155,496$142,981
8 years$177,994$164,322$151,638$139,882$128,999$117,015
9 years$156,614$143,072$130,605$119,148$108,636$97,178
10 years$139,521$126,111$113,865$102,707$92,563$81,625
11 years$125,544$112,269$100,245$89,386$79,607$69,180
12 years$113,906$100,767$88,965$78,403$68,986$59,059
13 years$104,065$91,064$79,484$69,218$60,157$50,719
14 years$95,638$82,775$71,417$61,444$52,733$43,771
15 years$88,341$75,616$64,480$54,798$46,431$37,931
16 years$81,962$69,376$58,460$49,065$41,036$32,984
17 years$76,340$63,893$53,197$44,085$36,385$28,767
18 years$71,347$59,040$48,562$39,729$32,352$25,153
19 years$66,886$54,718$44,456$35,899$28,836$22,040
20 years$62,876$50,846$40,799$32,513$25,757$19,349
21 years$59,252$47,361$37,528$29,508$23,049$17,014
22 years$55,962$44,210$34,587$26,829$20,660$14,982
23 years$52,963$41,349$31,935$24,434$18,546$13,208
24 years$50,218$38,741$29,535$22,285$16,670$11,657
25 years$47,696$36,357$27,355$20,352$15,000$10,298
26 years$45,372$34,169$25,371$18,609$13,512$9,105
27 years$43,224$32,157$23,559$17,033$12,182$8,056
28 years$41,232$30,302$21,901$15,606$10,992$7,132
29 years$39,382$28,586$20,381$14,311$9,925$6,318
30 years$37,658$26,997$18,984$13,134$8,968$5,599
31 years$36,048$25,521$17,698$12,063$8,108$4,965
32 years$34,543$24,148$16,513$11,086$7,334$4,404
33 years$33,131$22,868$15,418$10,194$6,638$3,907
34 years$31,805$21,674$14,406$9,380$6,010$3,468
35 years$30,558$20,557$13,468$8,635$5,443$3,079
36 years$29,382$19,512$12,599$7,952$4,932$2,734
37 years$28,273$18,532$11,793$7,327$4,470$2,428
38 years$27,225$17,612$11,043$6,753$4,052$2,157
39 years$26,233$16,747$10,346$6,227$3,675$1,917
40 years$25,292$15,934$9,698$5,743$3,333$1,703
41 years$24,400$15,167$9,093$5,299$3,024$1,514
42 years$23,553$14,445$8,530$4,890$2,744$1,346
43 years$22,748$13,763$8,004$4,514$2,490$1,196
44 years$21,981$13,119$7,513$4,168$2,260$1,063
45 years$21,250$12,510$7,055$3,850$2,052$946
46 years$20,553$11,934$6,626$3,556$1,863$841
47 years$19,888$11,389$6,225$3,285$1,692$748
48 years$19,252$10,872$5,850$3,036$1,536$665
49 years$18,644$10,382$5,498$2,805$1,395$591
50 years$18,062$9,918$5,169$2,593$1,267$526

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 $3,424 every year, while hoping to spend $52,513 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: 29/50/21 Blend
70$18,500,000$18,500,000$18,500,000$18,500,000
71$20,390,532$19,410,032$19,123,282$20,847,174
72$22,414,493$20,305,250$19,708,038$22,094,076
73$24,643,137$21,242,574$20,310,624$23,428,822
74$27,097,289$22,224,011$20,931,581$24,862,764
75$29,799,891$23,251,666$21,571,468$26,404,459
76$32,776,226$24,327,745$22,230,859$28,063,269
77$36,054,156$25,454,558$22,910,347$29,849,438
78$39,664,379$26,634,531$23,610,543$31,774,181
79$43,640,724$27,870,202$24,332,075$33,849,778
80$48,020,471$29,164,234$25,075,592$36,089,680
81$52,844,695$30,519,419$25,841,761$38,508,624
82$58,158,664$31,938,680$26,631,270$41,122,758
83$64,012,258$33,425,086$27,444,828$43,949,786
84$70,460,443$34,981,849$28,283,164$47,009,119
85$77,563,789$36,612,341$29,147,031$50,322,045
86$85,389,043$38,320,092$30,037,203$53,911,914
87$94,009,755$40,108,807$30,954,479$57,804,350
88$103,506,978$41,982,366$31,899,682$62,027,467
89$113,970,026$43,944,838$32,873,658$66,612,128
90$125,497,323$46,000,490$33,877,280$71,592,215
91$138,197,329$48,153,793$34,911,448$77,004,928
92$152,189,563$50,409,435$35,977,087$82,891,126
93$167,605,731$52,772,331$37,075,153$89,295,682
94$184,590,974$55,247,633$38,206,629$96,267,898
95$203,305,229$57,840,742$39,372,526$103,861,939
96$223,924,746$60,557,322$40,573,890$112,137,328
97$246,643,749$63,403,310$41,811,794$121,159,483
98$271,676,269$66,384,930$43,087,347$131,000,308
99$299,258,164$69,508,707$44,401,688$141,738,850
100$329,649,345$72,781,483$45,755,994$153,462,015