Can I retire at age 71 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,484,995
2 years$788,998$774,304$760,063$746,255$732,861$679,010
3 years$520,774$506,016$491,811$478,133$464,957$412,961
4 years$386,688$371,975$357,912$344,468$331,612$281,867
5 years$306,257$291,633$277,755$264,584$252,086$204,725
6 years$252,655$238,140$224,467$211,590$199,467$154,525
7 years$214,382$199,990$186,533$173,960$162,220$119,689
8 years$185,691$171,428$158,195$145,931$134,577$94,422
9 years$163,387$149,259$136,253$124,301$113,333$75,502
10 years$145,554$131,565$118,789$107,148$96,566$60,995
11 years$130,973$117,124$104,580$93,251$83,050$49,667
12 years$118,831$105,124$92,812$81,794$71,969$40,696
13 years$108,565$95,002$82,921$72,212$62,759$33,511
14 years$99,774$86,354$74,505$64,101$55,014$27,705
15 years$92,161$78,886$67,268$57,167$48,438$22,979
16 years$85,506$72,376$60,988$51,187$42,810$19,110
17 years$79,641$66,656$55,497$45,991$37,958$15,927
18 years$74,433$61,593$50,662$41,447$33,751$13,297
19 years$69,778$57,084$46,378$37,451$30,083$11,119
20 years$65,595$53,045$42,564$33,919$26,871$9,308
21 years$61,814$49,409$39,150$30,784$24,046$7,801
22 years$58,382$46,122$36,083$27,990$21,554$6,543
23 years$55,253$43,137$33,316$25,491$19,348$5,492
24 years$52,389$40,416$30,812$23,249$17,390$4,612
25 years$49,758$37,929$28,538$21,232$15,649$3,875
26 years$47,334$35,647$26,468$19,414$14,096$3,258
27 years$45,093$33,548$24,578$17,770$12,709$2,739
28 years$43,015$31,612$22,848$16,281$11,467$2,304
29 years$41,085$29,822$21,262$14,930$10,355$1,939
30 years$39,286$28,164$19,805$13,702$9,356$1,632
31 years$37,607$26,624$18,463$12,584$8,459$1,373
32 years$36,036$25,192$17,227$11,565$7,652$1,156
33 years$34,563$23,857$16,085$10,635$6,925$973
34 years$33,180$22,611$15,029$9,785$6,269$819
35 years$31,879$21,446$14,051$9,008$5,678$690
36 years$30,653$20,356$13,144$8,296$5,145$581
37 years$29,496$19,333$12,303$7,644$4,663$489
38 years$28,402$18,374$11,521$7,045$4,228$412
39 years$27,367$17,471$10,794$6,496$3,834$347
40 years$26,386$16,623$10,117$5,992$3,477$292
41 years$25,456$15,823$9,487$5,528$3,155$246
42 years$24,572$15,070$8,899$5,102$2,863$207
43 years$23,731$14,358$8,350$4,710$2,598$175
44 years$22,931$13,686$7,838$4,349$2,358$147
45 years$22,169$13,051$7,360$4,016$2,141$124
46 years$21,442$12,450$6,912$3,710$1,944$104
47 years$20,748$11,881$6,494$3,427$1,765$88
48 years$20,085$11,342$6,103$3,167$1,603$74
49 years$19,450$10,831$5,736$2,927$1,456$62
50 years$18,844$10,347$5,393$2,705$1,322$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,300,000, adding $4,569 every year, while hoping to spend $24,614 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: 64/14/22 Blend
70$19,300,000$19,300,000$19,300,000$19,300,000
71$21,273,313$20,250,413$19,951,263$22,513,562
72$23,417,002$21,216,494$20,593,441$24,315,810
73$25,778,522$22,229,088$21,256,307$26,280,834
74$28,380,066$23,290,449$21,940,529$28,427,162
75$31,246,090$24,402,938$22,646,794$30,772,545
76$34,403,543$25,569,034$23,375,813$33,336,515
77$37,882,122$26,791,334$24,128,321$36,140,566
78$41,714,554$28,072,564$24,905,074$39,208,352
79$45,936,899$29,415,581$25,706,855$42,565,903
80$50,588,899$30,823,380$26,534,471$46,241,871
81$55,714,345$32,299,104$27,388,754$50,267,793
82$61,361,496$33,846,049$28,270,565$54,678,385
83$67,583,532$35,467,668$29,180,792$59,511,861
84$74,439,055$37,167,587$30,120,352$64,810,294
85$81,992,644$38,949,604$31,090,189$70,620,004
86$90,315,465$40,817,706$32,091,282$76,991,989
87$99,485,941$42,776,072$33,124,638$83,982,403
88$109,590,491$44,829,083$34,191,297$91,653,076
89$120,724,350$46,981,337$35,292,335$100,072,095
90$132,992,465$49,237,654$36,428,860$109,314,437
91$146,510,487$51,603,089$37,602,016$119,462,670
92$161,405,859$54,082,943$38,812,986$130,607,726
93$177,819,025$56,682,776$40,062,990$142,849,750
94$195,904,752$59,408,419$41,353,287$156,299,040
95$215,833,591$62,265,986$42,685,176$171,077,076
96$237,793,488$65,261,890$44,060,000$187,317,658
97$261,991,558$68,402,856$45,479,144$205,168,164
98$288,656,040$71,695,939$46,944,039$224,790,927
99$318,038,451$75,148,535$48,456,159$246,364,760
100$350,415,962$78,768,403$50,017,030$270,086,632