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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,463,561
2 years$772,646$758,256$744,310$730,788$717,673$674,142
3 years$509,981$495,529$481,618$468,223$455,321$413,174
4 years$378,674$364,266$350,494$337,328$324,739$284,299
5 years$299,910$285,589$271,998$259,101$246,861$208,239
6 years$247,418$233,205$219,815$207,205$195,333$158,564
7 years$209,939$195,845$182,667$170,354$158,858$123,942
8 years$181,842$167,875$154,916$142,906$131,788$98,705
9 years$160,000$146,166$133,429$121,724$110,985$79,701
10 years$142,537$128,838$116,327$104,928$94,564$65,038
11 years$128,259$114,697$102,412$91,318$81,329$53,510
12 years$116,368$102,946$90,888$80,099$70,478$44,312
13 years$106,315$93,033$81,203$70,715$61,458$36,887
14 years$97,706$84,564$72,961$62,773$53,874$30,837
15 years$90,251$77,251$65,874$55,982$47,435$25,869
16 years$83,734$70,876$59,724$50,126$41,923$21,763
17 years$77,990$65,274$54,347$45,038$37,172$18,352
18 years$72,890$60,317$49,612$40,588$33,051$15,506
19 years$68,332$55,901$45,417$36,675$29,459$13,123
20 years$64,235$51,946$41,681$33,216$26,314$11,121
21 years$60,533$48,385$38,339$30,146$23,548$9,436
22 years$57,172$45,166$35,335$27,409$21,107$8,014
23 years$54,108$42,243$32,626$24,962$18,947$6,812
24 years$51,303$39,579$30,173$22,767$17,030$5,794
25 years$48,727$37,143$27,947$20,792$15,324$4,931
26 years$46,353$34,908$25,919$19,011$13,804$4,199
27 years$44,158$32,853$24,068$17,402$12,445$3,577
28 years$42,124$30,957$22,374$15,944$11,230$3,048
29 years$40,233$29,204$20,821$14,621$10,140$2,599
30 years$38,472$27,580$19,394$13,418$9,162$2,216
31 years$36,828$26,073$18,081$12,323$8,283$1,890
32 years$35,289$24,670$16,870$11,326$7,493$1,612
33 years$33,847$23,363$15,751$10,415$6,781$1,375
34 years$32,493$22,143$14,717$9,582$6,140$1,174
35 years$31,218$21,002$13,759$8,821$5,561$1,001
36 years$30,018$19,934$12,872$8,124$5,038$855
37 years$28,884$18,933$12,048$7,485$4,566$730
38 years$27,813$17,993$11,282$6,899$4,140$623
39 years$26,800$17,109$10,570$6,362$3,754$532
40 years$25,839$16,278$9,907$5,868$3,405$454
41 years$24,928$15,495$9,290$5,414$3,089$387
42 years$24,062$14,757$8,714$4,996$2,803$331
43 years$23,239$14,061$8,177$4,612$2,544$282
44 years$22,456$13,403$7,676$4,258$2,309$241
45 years$21,709$12,781$7,207$3,933$2,096$206
46 years$20,997$12,192$6,769$3,633$1,903$176
47 years$20,318$11,635$6,360$3,356$1,728$150
48 years$19,668$11,107$5,976$3,101$1,570$128
49 years$19,047$10,607$5,617$2,866$1,426$109
50 years$18,453$10,132$5,281$2,649$1,295$93

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 $4,572 every year, while hoping to spend $36,218 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: 32/44/24 Blend
70$18,900,000$18,900,000$18,900,000$18,900,000
71$20,832,516$19,830,816$19,537,866$21,345,369
72$22,918,897$20,763,990$20,153,849$22,667,306
73$25,216,875$21,741,676$20,789,253$24,086,607
74$27,747,995$22,766,017$21,444,692$25,614,629
75$30,535,997$23,839,258$22,120,796$27,260,936
76$33,607,043$24,963,757$22,818,217$29,036,005
77$36,989,962$26,141,981$23,537,627$30,951,307
78$40,716,521$27,376,521$24,279,721$33,019,412
79$44,821,727$28,670,091$25,045,212$35,254,095
80$49,344,155$30,025,538$25,834,839$37,670,458
81$54,326,316$31,445,846$26,649,363$40,285,056
82$59,815,052$32,934,145$27,489,569$43,116,047
83$65,861,984$34,493,715$28,356,266$46,183,351
84$72,523,996$36,127,996$29,250,291$49,508,822
85$79,863,772$37,840,597$30,172,504$53,116,444
86$87,950,388$39,635,297$31,123,794$57,032,541
87$96,859,966$41,516,065$32,105,079$61,286,016
88$106,676,387$43,487,057$33,117,304$65,908,603
89$117,492,090$45,552,634$34,161,445$70,935,152
90$129,408,937$47,717,367$35,238,508$76,403,947
91$142,539,182$49,986,051$36,349,531$82,357,040
92$157,006,523$52,363,712$37,495,585$88,840,640
93$172,947,276$54,855,622$38,677,775$95,905,524
94$190,511,658$57,467,307$39,897,239$103,607,498
95$209,865,205$60,204,563$41,155,155$112,007,903
96$231,190,336$63,073,467$42,452,733$121,174,174
97$254,688,076$66,080,392$43,791,225$131,180,452
98$280,579,949$69,232,021$45,171,921$142,108,260
99$309,110,075$72,535,361$46,596,151$154,047,248
100$340,547,469$75,997,760$48,065,288$167,096,015