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

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,437,685
2 years$764,470$750,232$736,434$723,055$710,078$656,777
3 years$504,584$490,285$476,521$463,268$450,503$399,055
4 years$374,667$360,411$346,785$333,759$321,302$272,101
5 years$296,736$282,567$269,120$256,359$244,249$197,423
6 years$244,800$230,737$217,489$205,012$193,266$148,850
7 years$207,717$193,773$180,734$168,552$157,177$115,162
8 years$179,918$166,099$153,277$141,394$130,393$90,743
9 years$158,307$144,619$132,017$120,436$109,810$72,471
10 years$141,029$127,475$115,096$103,817$93,564$58,473
11 years$126,902$113,483$101,328$90,352$80,468$47,551
12 years$115,137$101,856$89,926$79,251$69,732$38,910
13 years$105,190$92,048$80,343$69,967$60,807$31,997
14 years$96,672$83,669$72,189$62,109$53,303$26,416
15 years$89,296$76,434$65,177$55,390$46,933$21,879
16 years$82,848$70,126$59,092$49,596$41,479$18,169
17 years$77,165$64,584$53,772$44,561$36,778$15,120
18 years$72,119$59,678$49,087$40,159$32,702$12,605
19 years$67,609$55,309$44,936$36,287$29,148$10,524
20 years$63,555$51,396$41,240$32,865$26,035$8,797
21 years$59,893$47,873$37,933$29,827$23,299$7,361
22 years$56,567$44,688$34,961$27,119$20,884$6,164
23 years$53,535$41,796$32,281$24,698$18,747$5,166
24 years$50,760$39,160$29,854$22,526$16,850$4,331
25 years$48,211$36,750$27,651$20,572$15,162$3,634
26 years$45,862$34,539$25,645$18,810$13,658$3,050
27 years$43,691$32,505$23,813$17,217$12,314$2,560
28 years$41,678$30,629$22,138$15,775$11,111$2,150
29 years$39,808$28,895$20,601$14,466$10,033$1,806
30 years$38,065$27,288$19,189$13,276$9,065$1,517
31 years$36,438$25,797$17,889$12,193$8,196$1,275
32 years$34,916$24,409$16,691$11,206$7,414$1,072
33 years$33,489$23,116$15,585$10,305$6,709$901
34 years$32,149$21,908$14,561$9,481$6,075$757
35 years$30,888$20,780$13,614$8,728$5,502$636
36 years$29,700$19,723$12,735$8,038$4,985$535
37 years$28,579$18,732$11,920$7,406$4,518$450
38 years$27,519$17,802$11,163$6,826$4,096$378
39 years$26,516$16,928$10,458$6,294$3,714$318
40 years$25,566$16,106$9,802$5,806$3,369$267
41 years$24,664$15,331$9,192$5,356$3,057$225
42 years$23,808$14,601$8,622$4,943$2,774$189
43 years$22,993$13,912$8,091$4,563$2,517$159
44 years$22,218$13,261$7,594$4,213$2,285$134
45 years$21,480$12,645$7,131$3,891$2,074$112
46 years$20,775$12,063$6,698$3,594$1,883$95
47 years$20,103$11,512$6,292$3,321$1,710$80
48 years$19,460$10,990$5,913$3,068$1,553$67
49 years$18,846$10,495$5,558$2,836$1,410$56
50 years$18,258$10,025$5,225$2,621$1,281$47

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 $3,479 every year, while hoping to spend $28,426 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: 42/40/18 Blend
70$18,700,000$18,700,000$18,700,000$18,700,000
71$20,610,989$19,619,889$19,330,039$21,367,817
72$22,683,064$20,551,018$19,947,350$22,834,713
73$24,965,539$21,526,820$20,584,388$24,419,154
74$27,479,844$22,549,454$21,241,785$26,134,334
75$30,249,594$23,621,183$21,920,190$27,992,256
76$33,300,812$24,744,381$22,620,277$30,006,085
77$36,662,177$25,921,537$23,342,738$32,190,267
78$40,365,288$27,155,262$24,088,289$34,560,657
79$44,444,969$28,448,291$24,857,668$37,134,657
80$48,939,594$29,803,495$25,651,638$39,931,376
81$53,891,449$31,223,884$26,470,984$42,971,795
82$59,347,134$32,712,611$27,316,520$46,278,955
83$65,358,000$34,272,987$28,189,081$49,878,170
84$71,980,634$35,908,482$29,089,534$53,797,246
85$79,277,395$37,622,733$30,018,769$58,066,739
86$87,316,999$39,419,557$30,977,708$62,720,226
87$96,175,172$41,302,955$31,967,300$67,794,611
88$105,935,362$43,277,122$32,988,527$73,330,460
89$116,689,526$45,346,458$34,042,400$79,372,371
90$128,539,001$47,515,578$35,129,964$85,969,374
91$141,595,458$49,789,320$36,252,296$93,175,388
92$155,981,955$52,172,757$37,410,509$101,049,705
93$171,834,104$54,671,212$38,605,750$109,657,537
94$189,301,344$57,290,263$39,839,205$119,070,613
95$208,548,359$60,035,763$41,112,095$129,367,838
96$229,756,624$62,913,848$42,425,683$140,636,016
97$253,126,127$65,930,954$43,781,271$152,970,651
98$278,877,250$69,093,829$45,180,202$166,476,828
99$307,252,855$72,409,551$46,623,863$181,270,181
100$338,520,570$75,885,543$48,113,686$197,477,958