Can I retire at age 71 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,433,132
2 years$764,470$750,232$736,434$723,055$710,078$652,313
3 years$504,584$490,285$476,521$463,268$450,503$394,823
4 years$374,667$360,411$346,785$333,759$321,302$268,132
5 years$296,736$282,567$269,120$256,359$244,249$193,724
6 years$244,800$230,737$217,489$205,012$193,266$145,419
7 years$207,717$193,773$180,734$168,552$157,177$111,993
8 years$179,918$166,099$153,277$141,394$130,393$87,827
9 years$158,307$144,619$132,017$120,436$109,810$69,799
10 years$141,029$127,475$115,096$103,817$93,564$56,032
11 years$126,902$113,483$101,328$90,352$80,468$45,330
12 years$115,137$101,856$89,926$79,251$69,732$36,895
13 years$105,190$92,048$80,343$69,967$60,807$30,174
14 years$96,672$83,669$72,189$62,109$53,303$24,772
15 years$89,296$76,434$65,177$55,390$46,933$20,400
16 years$82,848$70,126$59,092$49,596$41,479$16,843
17 years$77,165$64,584$53,772$44,561$36,778$13,934
18 years$72,119$59,678$49,087$40,159$32,702$11,547
19 years$67,609$55,309$44,936$36,287$29,148$9,582
20 years$63,555$51,396$41,240$32,865$26,035$7,961
21 years$59,893$47,873$37,933$29,827$23,299$6,620
22 years$56,567$44,688$34,961$27,119$20,884$5,509
23 years$53,535$41,796$32,281$24,698$18,747$4,588
24 years$50,760$39,160$29,854$22,526$16,850$3,822
25 years$48,211$36,750$27,651$20,572$15,162$3,186
26 years$45,862$34,539$25,645$18,810$13,658$2,657
27 years$43,691$32,505$23,813$17,217$12,314$2,216
28 years$41,678$30,629$22,138$15,775$11,111$1,849
29 years$39,808$28,895$20,601$14,466$10,033$1,543
30 years$38,065$27,288$19,189$13,276$9,065$1,288
31 years$36,438$25,797$17,889$12,193$8,196$1,075
32 years$34,916$24,409$16,691$11,206$7,414$898
33 years$33,489$23,116$15,585$10,305$6,709$750
34 years$32,149$21,908$14,561$9,481$6,075$626
35 years$30,888$20,780$13,614$8,728$5,502$523
36 years$29,700$19,723$12,735$8,038$4,985$437
37 years$28,579$18,732$11,920$7,406$4,518$365
38 years$27,519$17,802$11,163$6,826$4,096$305
39 years$26,516$16,928$10,458$6,294$3,714$254
40 years$25,566$16,106$9,802$5,806$3,369$212
41 years$24,664$15,331$9,192$5,356$3,057$177
42 years$23,808$14,601$8,622$4,943$2,774$148
43 years$22,993$13,912$8,091$4,563$2,517$124
44 years$22,218$13,261$7,594$4,213$2,285$103
45 years$21,480$12,645$7,131$3,891$2,074$86
46 years$20,775$12,063$6,698$3,594$1,883$72
47 years$20,103$11,512$6,292$3,321$1,710$60
48 years$19,460$10,990$5,913$3,068$1,553$50
49 years$18,846$10,495$5,558$2,836$1,410$42
50 years$18,258$10,025$5,225$2,621$1,281$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,700,000, adding $6,995 every year, while hoping to spend $20,315 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: 62/17/21 Blend
70$18,700,000$18,700,000$18,700,000$18,700,000
71$20,614,615$19,623,515$19,333,665$21,779,706
72$22,695,691$20,563,453$19,959,728$23,507,343
73$24,988,356$21,548,766$20,606,083$25,389,829
74$27,514,170$22,581,657$21,273,389$27,444,646
75$30,296,892$23,664,436$21,962,325$29,688,586
76$33,362,706$24,799,523$22,673,593$32,140,121
77$36,740,461$25,989,459$23,407,917$34,819,574
78$40,461,952$27,236,907$24,166,047$37,749,306
79$44,562,215$28,544,659$24,948,753$40,953,921
80$49,079,859$29,915,646$25,756,835$44,460,492
81$54,057,431$31,352,938$26,591,114$48,298,817
82$59,541,814$32,859,757$27,452,442$52,501,687
83$65,584,676$34,439,482$28,341,696$57,105,197
84$72,242,952$36,095,656$29,259,782$62,149,075
85$79,579,385$37,831,995$30,207,636$67,677,055
86$87,663,114$39,652,395$31,186,224$73,737,283
87$96,570,333$41,560,944$32,196,544$80,382,760
88$106,385,005$43,561,927$33,239,625$87,671,842
89$117,199,654$45,659,841$34,316,532$95,668,778
90$129,116,244$47,859,398$35,428,361$104,444,312
91$142,247,136$50,165,544$36,576,246$114,076,343
92$156,716,152$52,583,464$37,761,358$124,650,648
93$172,659,741$55,118,595$38,984,906$136,261,689
94$190,228,271$57,776,642$40,248,136$149,013,488
95$209,587,443$60,563,587$41,552,338$163,020,608
96$230,919,862$63,485,702$42,898,840$178,409,218
97$254,426,754$66,549,567$44,289,018$195,318,276
98$280,329,871$69,762,084$45,724,288$213,900,830
99$308,873,580$73,130,489$47,206,114$234,325,449
100$340,327,175$76,662,373$48,736,008$256,777,809