Can I retire at age 71 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,447,676
2 years$768,558$754,244$740,372$726,922$713,875$662,552
3 years$507,282$492,907$479,070$465,746$452,912$403,339
4 years$376,670$362,339$348,640$335,544$323,021$275,578
5 years$298,323$284,078$270,559$257,730$245,555$200,368
6 years$246,109$231,971$218,652$206,108$194,299$151,403
7 years$208,828$194,809$181,701$169,453$158,017$117,405
8 years$180,880$166,987$154,097$142,150$131,091$92,730
9 years$159,154$145,392$132,723$121,080$110,397$74,240
10 years$141,783$128,156$115,711$104,372$94,064$60,051
11 years$127,580$114,090$101,870$90,835$80,898$48,962
12 years$115,753$102,401$90,407$79,675$70,105$40,172
13 years$105,753$92,541$80,773$70,341$61,133$33,124
14 years$97,189$84,117$72,575$62,441$53,589$27,424
15 years$89,773$76,842$65,525$55,686$47,184$22,778
16 years$83,291$70,501$59,408$49,861$41,701$18,970
17 years$77,577$64,929$54,059$44,800$36,975$15,833
18 years$72,504$59,997$49,349$40,373$32,876$13,239
19 years$67,971$55,605$45,177$36,481$29,303$11,087
20 years$63,895$51,671$41,461$33,040$26,174$9,296
21 years$60,213$48,129$38,136$29,986$23,423$7,802
22 years$56,870$44,927$35,148$27,264$20,996$6,555
23 years$53,822$42,019$32,453$24,830$18,847$5,510
24 years$51,032$39,369$30,014$22,647$16,940$4,635
25 years$48,469$36,946$27,799$20,682$15,243$3,901
26 years$46,108$34,723$25,782$18,911$13,731$3,284
27 years$43,925$32,679$23,941$17,309$12,379$2,766
28 years$41,901$30,793$22,256$15,859$11,170$2,331
29 years$40,021$29,050$20,711$14,543$10,086$1,964
30 years$38,269$27,434$19,292$13,347$9,114$1,656
31 years$36,633$25,935$17,985$12,258$8,240$1,396
32 years$35,103$24,539$16,780$11,266$7,453$1,177
33 years$33,668$23,239$15,668$10,360$6,745$993
34 years$32,321$22,026$14,639$9,532$6,107$837
35 years$31,053$20,891$13,687$8,775$5,531$706
36 years$29,859$19,828$12,804$8,081$5,012$596
37 years$28,732$18,833$11,984$7,446$4,542$502
38 years$27,666$17,898$11,222$6,863$4,118$424
39 years$26,658$17,019$10,514$6,328$3,734$358
40 years$25,703$16,192$9,855$5,837$3,387$302
41 years$24,796$15,413$9,241$5,385$3,073$255
42 years$23,935$14,679$8,668$4,970$2,788$215
43 years$23,116$13,986$8,134$4,588$2,531$181
44 years$22,337$13,332$7,635$4,236$2,297$153
45 years$21,594$12,713$7,169$3,912$2,085$129
46 years$20,886$12,128$6,733$3,614$1,893$109
47 years$20,210$11,574$6,326$3,338$1,719$92
48 years$19,564$11,049$5,945$3,085$1,561$78
49 years$18,946$10,551$5,588$2,851$1,418$65
50 years$18,355$10,079$5,253$2,635$1,288$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,800,000, adding $3,592 every year, while hoping to spend $50,279 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: 54/39/7 Blend
70$18,800,000$18,800,000$18,800,000$18,800,000
71$20,721,305$19,724,905$19,433,505$21,806,124
72$22,781,382$20,637,929$20,031,031$23,453,167
73$25,049,901$21,594,006$20,646,889$25,238,941
74$27,548,071$22,595,192$21,281,640$27,181,202
75$30,299,262$23,643,644$21,935,862$29,294,779
76$33,329,224$24,741,620$22,610,151$31,595,966
77$36,666,335$25,891,490$23,305,121$34,102,660
78$40,341,863$27,095,735$24,021,405$36,834,533
79$44,390,266$28,356,958$24,759,655$39,813,199
80$48,849,512$29,677,888$25,520,542$43,062,419
81$53,761,441$31,061,384$26,304,759$46,608,311
82$59,172,159$32,510,443$27,113,020$50,479,590
83$65,132,473$34,028,208$27,946,059$54,707,829
84$71,698,368$35,617,973$28,804,636$59,327,746
85$78,931,540$37,283,192$29,689,529$64,377,524
86$86,899,974$39,027,485$30,601,545$69,899,160
87$95,678,586$40,854,647$31,541,511$75,938,848
88$105,349,933$42,768,656$32,510,283$82,547,405
89$116,004,990$44,773,684$33,508,742$89,780,738
90$127,744,008$46,874,103$34,537,793$97,700,360
91$140,677,460$49,074,498$35,598,373$106,373,956
92$154,927,087$51,379,674$36,691,444$115,876,005
93$170,627,043$53,794,671$37,818,000$126,288,475
94$187,925,162$56,324,770$38,979,064$137,701,573
95$206,984,354$58,975,510$40,175,689$150,214,586
96$227,984,146$61,752,698$41,408,962$163,936,802
97$251,122,369$64,662,420$42,680,002$178,988,517
98$276,617,032$67,711,060$43,989,964$195,502,159
99$304,708,376$70,905,308$45,340,034$213,623,515
100$335,661,144$74,252,182$46,731,439$233,513,087