Can I retire at age 71 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,512,461
2 years$797,174$782,328$767,939$753,988$740,456$697,951
3 years$526,170$511,260$496,907$483,087$469,776$428,594
4 years$390,695$375,830$361,621$348,037$335,048$295,506
5 years$309,431$294,655$280,633$267,326$254,698$216,904
6 years$255,273$240,608$226,793$213,783$201,534$165,523
7 years$216,603$202,062$188,466$175,763$163,901$129,676
8 years$187,615$173,205$159,834$147,443$135,972$103,514
9 years$165,080$150,806$137,665$125,589$114,508$83,787
10 years$147,062$132,928$120,020$108,259$97,566$68,543
11 years$132,330$118,338$105,663$94,217$83,910$56,539
12 years$120,063$106,214$93,774$82,641$72,715$46,944
13 years$109,690$95,986$83,780$72,960$63,409$39,184
14 years$100,807$87,249$75,277$64,766$55,584$32,848
15 years$93,116$79,703$67,965$57,760$48,940$27,633
16 years$86,392$73,126$61,620$51,717$43,254$23,314
17 years$80,466$67,347$56,072$46,468$38,352$19,717
18 years$75,204$62,231$51,187$41,877$34,101$16,709
19 years$70,501$57,675$46,859$37,839$30,395$14,183
20 years$66,274$53,595$43,005$34,271$27,149$12,057
21 years$62,455$49,921$39,556$31,103$24,295$10,261
22 years$58,987$46,600$36,457$28,280$21,777$8,742
23 years$55,826$43,584$33,662$25,755$19,549$7,454
24 years$52,932$40,835$31,131$23,490$17,571$6,361
25 years$50,274$38,322$28,834$21,452$15,811$5,431
26 years$47,824$36,016$26,742$19,615$14,242$4,639
27 years$45,560$33,896$24,832$17,954$12,840$3,965
28 years$43,461$31,940$23,085$16,450$11,586$3,390
29 years$41,511$30,131$21,482$15,085$10,462$2,899
30 years$39,694$28,456$20,010$13,844$9,453$2,480
31 years$37,997$26,900$18,655$12,715$8,546$2,122
32 years$36,410$25,453$17,405$11,685$7,731$1,817
33 years$34,922$24,105$16,251$10,745$6,996$1,555
34 years$33,524$22,846$15,184$9,887$6,334$1,331
35 years$32,209$21,669$14,196$9,101$5,737$1,140
36 years$30,971$20,567$13,280$8,382$5,198$976
37 years$29,801$19,534$12,430$7,723$4,711$836
38 years$28,696$18,564$11,640$7,118$4,271$716
39 years$27,651$17,653$10,906$6,564$3,873$613
40 years$26,660$16,795$10,222$6,054$3,513$525
41 years$25,719$15,987$9,585$5,585$3,187$450
42 years$24,826$15,226$8,991$5,155$2,892$386
43 years$23,977$14,507$8,437$4,758$2,625$330
44 years$23,169$13,828$7,919$4,394$2,383$283
45 years$22,399$13,186$7,436$4,058$2,163$242
46 years$21,664$12,579$6,984$3,748$1,964$208
47 years$20,963$12,005$6,561$3,463$1,783$178
48 years$20,293$11,460$6,166$3,200$1,619$152
49 years$19,652$10,944$5,796$2,957$1,471$131
50 years$19,039$10,454$5,449$2,733$1,336$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,500,000, adding $6,508 every year, while hoping to spend $43,322 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: 46/28/26 Blend
70$19,500,000$19,500,000$19,500,000$19,500,000
71$21,495,713$20,462,213$20,159,963$22,323,486
72$23,642,181$21,418,767$20,789,227$23,865,285
73$26,006,138$22,420,741$21,438,120$25,532,386
74$28,609,720$23,470,313$22,107,253$27,340,381
75$31,477,322$24,569,769$22,797,258$29,302,476
76$34,635,827$25,721,506$23,508,783$31,433,178
77$38,114,855$26,928,033$24,242,501$33,748,420
78$41,947,049$28,191,985$24,999,104$36,265,707
79$46,168,377$29,516,122$25,779,303$39,004,277
80$50,818,477$30,903,337$26,583,835$41,985,270
81$55,941,026$32,356,665$27,413,458$45,231,921
82$61,584,156$33,879,287$28,268,954$48,769,774
83$67,800,905$35,474,537$29,151,129$52,626,912
84$74,649,720$37,145,913$30,060,815$56,834,213
85$82,195,008$38,897,078$30,998,868$61,425,633
86$90,507,742$40,731,879$31,966,174$66,438,517
87$99,666,133$42,654,342$32,963,642$71,913,940
88$109,756,369$44,668,695$33,992,214$77,897,086
89$120,873,423$46,779,366$35,052,858$84,437,660
90$133,121,957$48,991,000$36,146,574$91,590,351
91$146,617,304$51,308,466$37,274,391$99,415,331
92$161,486,559$53,736,871$38,437,373$107,978,811
93$177,869,778$56,281,568$39,636,615$117,353,656
94$195,921,301$58,948,170$40,873,247$127,620,057
95$215,811,206$61,742,563$42,148,434$138,866,271
96$237,726,919$64,670,918$43,463,376$151,189,444
97$261,874,977$67,739,705$44,819,312$164,696,508
98$288,482,985$70,955,711$46,217,519$179,505,176
99$317,801,758$74,326,049$47,659,314$195,745,034
100$350,107,691$77,858,179$49,146,055$213,558,749