Can I retire at age 71 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,460,038
2 years$772,646$758,256$744,310$730,788$717,673$670,665
3 years$509,981$495,529$481,618$468,223$455,321$409,855
4 years$378,674$364,266$350,494$337,328$324,739$281,163
5 years$299,910$285,589$271,998$259,101$246,861$205,292
6 years$247,418$233,205$219,815$207,205$195,333$155,807
7 years$209,939$195,845$182,667$170,354$158,858$121,372
8 years$181,842$167,875$154,916$142,906$131,788$96,317
9 years$160,000$146,166$133,429$121,724$110,985$77,489
10 years$142,537$128,838$116,327$104,928$94,564$62,996
11 years$128,259$114,697$102,412$91,318$81,329$51,630
12 years$116,368$102,946$90,888$80,099$70,478$42,586
13 years$106,315$93,033$81,203$70,715$61,458$35,307
14 years$97,706$84,564$72,961$62,773$53,874$29,393
15 years$90,251$77,251$65,874$55,982$47,435$24,553
16 years$83,734$70,876$59,724$50,126$41,923$20,567
17 years$77,990$65,274$54,347$45,038$37,172$17,267
18 years$72,890$60,317$49,612$40,588$33,051$14,525
19 years$68,332$55,901$45,417$36,675$29,459$12,237
20 years$64,235$51,946$41,681$33,216$26,314$10,323
21 years$60,533$48,385$38,339$30,146$23,548$8,718
22 years$57,172$45,166$35,335$27,409$21,107$7,370
23 years$54,108$42,243$32,626$24,962$18,947$6,235
24 years$51,303$39,579$30,173$22,767$17,030$5,278
25 years$48,727$37,143$27,947$20,792$15,324$4,471
26 years$46,353$34,908$25,919$19,011$13,804$3,789
27 years$44,158$32,853$24,068$17,402$12,445$3,212
28 years$42,124$30,957$22,374$15,944$11,230$2,724
29 years$40,233$29,204$20,821$14,621$10,140$2,310
30 years$38,472$27,580$19,394$13,418$9,162$1,960
31 years$36,828$26,073$18,081$12,323$8,283$1,664
32 years$35,289$24,670$16,870$11,326$7,493$1,412
33 years$33,847$23,363$15,751$10,415$6,781$1,199
34 years$32,493$22,143$14,717$9,582$6,140$1,018
35 years$31,218$21,002$13,759$8,821$5,561$864
36 years$30,018$19,934$12,872$8,124$5,038$734
37 years$28,884$18,933$12,048$7,485$4,566$623
38 years$27,813$17,993$11,282$6,899$4,140$529
39 years$26,800$17,109$10,570$6,362$3,754$450
40 years$25,839$16,278$9,907$5,868$3,405$382
41 years$24,928$15,495$9,290$5,414$3,089$324
42 years$24,062$14,757$8,714$4,996$2,803$276
43 years$23,239$14,061$8,177$4,612$2,544$234
44 years$22,456$13,403$7,676$4,258$2,309$199
45 years$21,709$12,781$7,207$3,933$2,096$169
46 years$20,997$12,192$6,769$3,633$1,903$144
47 years$20,318$11,635$6,360$3,356$1,728$122
48 years$19,668$11,107$5,976$3,101$1,570$104
49 years$19,047$10,607$5,617$2,866$1,426$88
50 years$18,453$10,132$5,281$2,649$1,295$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,900,000, adding $5,742 every year, while hoping to spend $32,980 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: 73/13/14 Blend
70$18,900,000$18,900,000$18,900,000$18,900,000
71$20,833,723$19,832,023$19,539,073$22,290,992
72$22,923,672$20,768,702$20,158,541$24,193,145
73$25,225,691$21,750,172$20,797,657$26,271,439
74$27,761,375$22,778,595$21,457,042$28,547,045
75$30,554,524$23,856,234$22,137,341$31,039,512
76$33,631,360$24,985,464$22,839,217$33,770,355
77$37,020,782$26,168,775$23,563,354$36,763,260
78$40,754,634$27,408,778$24,310,459$40,044,303
79$44,868,008$28,708,209$25,081,261$43,642,193
80$49,399,573$30,069,939$25,876,511$47,588,537
81$54,391,941$31,496,978$26,696,985$51,918,138
82$59,892,069$32,992,480$27,543,484$56,669,317
83$65,951,703$34,559,754$28,416,834$61,884,273
84$72,627,865$36,202,270$29,317,886$67,609,474
85$79,983,391$37,923,665$30,247,519$73,896,094
86$88,087,527$39,727,755$31,206,641$80,800,487
87$97,016,578$41,618,539$32,196,187$88,384,722
88$106,854,633$43,600,211$33,217,123$96,717,153
89$117,694,354$45,677,169$34,270,445$105,873,070
90$129,637,853$47,854,026$35,357,180$115,935,396
91$142,797,658$50,135,617$36,478,389$126,995,466
92$157,297,770$52,527,013$37,635,166$139,153,885
93$173,274,838$55,033,532$38,828,640$152,521,471
94$190,879,447$57,660,751$40,059,975$167,220,291
95$210,277,539$60,414,516$41,330,373$183,384,813
96$231,651,981$63,300,960$42,641,074$201,163,159
97$255,204,289$66,326,514$43,993,356$220,718,504
98$281,156,533$69,497,919$45,388,539$242,230,605
99$309,753,430$72,822,247$46,827,985$265,897,488
100$341,264,656$76,306,914$48,313,100$291,937,313