Can I retire at age 71 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,462,233
2 years$760,381$746,220$732,495$719,188$706,281$685,208
3 years$501,886$487,663$473,973$460,791$448,094$427,559
4 years$372,663$358,484$344,931$331,974$319,584$299,747
5 years$295,150$281,056$267,681$254,988$242,943$223,860
6 years$243,491$229,503$216,326$203,916$192,232$173,927
7 years$206,606$192,736$179,768$167,650$156,336$138,814
8 years$178,956$165,211$152,457$140,638$129,696$112,955
9 years$157,461$143,846$131,311$119,792$109,223$93,255
10 years$140,275$126,793$114,480$103,262$93,063$77,857
11 years$126,223$112,876$100,787$89,869$80,038$65,578
12 years$114,521$101,312$89,446$78,827$69,359$55,629
13 years$104,628$91,556$79,914$69,593$60,482$47,463
14 years$96,155$83,222$71,803$61,776$53,018$40,690
15 years$88,818$76,025$64,828$55,094$46,682$35,022
16 years$82,405$69,751$58,776$49,330$41,257$30,245
17 years$76,752$64,238$53,484$44,323$36,582$26,193
18 years$71,733$59,359$48,824$39,944$32,527$22,739
19 years$67,248$55,013$44,696$36,093$28,992$19,781
20 years$63,216$51,121$41,020$32,689$25,896$17,238
21 years$59,572$47,617$37,730$29,667$23,174$15,044
22 years$56,265$44,449$34,774$26,974$20,772$13,147
23 years$53,249$41,572$32,108$24,566$18,646$11,503
24 years$50,489$38,951$29,694$22,406$16,760$10,074
25 years$47,954$36,553$27,503$20,462$15,081$8,830
26 years$45,617$34,354$25,508$18,710$13,585$7,745
27 years$43,457$32,331$23,686$17,125$12,248$6,798
28 years$41,455$30,466$22,019$15,690$11,051$5,970
29 years$39,595$28,741$20,491$14,388$9,979$5,246
30 years$37,862$27,143$19,086$13,205$9,017$4,611
31 years$36,243$25,659$17,794$12,128$8,152$4,055
32 years$34,729$24,278$16,602$11,146$7,374$3,567
33 years$33,310$22,992$15,501$10,249$6,673$3,139
34 years$31,977$21,791$14,483$9,430$6,042$2,763
35 years$30,723$20,669$13,541$8,681$5,473$2,432
36 years$29,541$19,618$12,667$7,995$4,958$2,142
37 years$28,426$18,632$11,856$7,366$4,494$1,886
38 years$27,372$17,707$11,103$6,790$4,074$1,661
39 years$26,374$16,838$10,402$6,261$3,695$1,464
40 years$25,429$16,020$9,750$5,774$3,351$1,290
41 years$24,532$15,249$9,142$5,328$3,040$1,136
42 years$23,681$14,523$8,576$4,917$2,759$1,001
43 years$22,871$13,837$8,047$4,539$2,504$882
44 years$22,099$13,190$7,554$4,191$2,273$778
45 years$21,365$12,578$7,093$3,870$2,063$686
46 years$20,664$11,999$6,662$3,575$1,873$604
47 years$19,995$11,450$6,259$3,303$1,701$533
48 years$19,356$10,931$5,881$3,052$1,545$470
49 years$18,745$10,439$5,528$2,821$1,403$414
50 years$18,160$9,971$5,197$2,607$1,274$365

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,600,000, adding $6,000 every year, while hoping to spend $35,253 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: 72/11/17 Blend
70$18,600,000$18,600,000$18,600,000$18,600,000
71$20,503,389$19,517,589$19,229,289$21,898,310
72$22,557,226$20,436,442$19,835,961$23,744,216
73$24,819,372$21,399,137$20,461,776$25,760,231
74$27,311,039$22,407,786$21,107,336$27,967,132
75$30,055,599$23,464,601$21,773,265$30,383,828
76$33,078,807$24,571,903$22,460,207$33,031,136
77$36,409,044$25,732,126$23,168,823$35,931,971
78$40,077,587$26,947,820$23,899,798$39,111,563
79$44,118,897$28,221,659$24,653,838$42,597,690
80$48,570,953$29,556,449$25,431,670$46,420,936
81$53,475,604$30,955,129$26,234,045$50,614,977
82$58,878,968$32,420,783$27,061,737$55,216,898
83$64,831,864$33,956,642$27,915,547$60,267,532
84$71,390,293$35,566,097$28,796,297$65,811,851
85$78,615,968$37,252,700$29,704,837$71,899,379
86$86,576,893$39,020,179$30,642,046$78,584,657
87$95,348,009$40,872,441$31,608,827$85,927,756
88$105,011,897$42,813,581$32,606,114$93,994,837
89$115,659,561$44,847,898$33,634,870$102,858,771
90$127,391,285$46,979,893$34,696,087$112,599,821
91$140,317,580$49,214,292$35,790,790$123,306,396
92$154,560,227$51,556,046$36,920,035$135,075,880
93$170,253,427$54,010,350$38,084,913$148,015,543
94$187,545,068$56,582,648$39,286,549$162,243,553
95$206,598,118$59,278,651$40,526,101$177,890,078
96$227,592,168$62,104,346$41,804,768$195,098,513
97$250,725,124$65,066,014$43,123,782$214,026,827
98$276,215,076$68,170,238$44,484,418$234,849,044
99$304,302,356$71,423,923$45,887,989$257,756,883
100$335,251,810$74,834,308$47,335,850$282,961,555