Can I retire at age 71 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,505,681
2 years$801,262$786,339$771,877$757,855$744,253$687,212
3 years$528,869$513,882$499,455$485,565$472,185$417,146
4 years$392,699$377,757$363,476$349,822$336,766$284,150
5 years$311,018$296,166$282,072$268,697$256,004$205,948
6 years$256,582$241,842$227,956$214,879$202,567$155,107
7 years$217,714$203,099$189,433$176,664$164,742$119,865
8 years$188,577$174,093$160,654$148,199$136,669$94,337
9 years$165,926$151,579$138,371$126,233$115,095$75,249
10 years$147,817$133,610$120,635$108,814$98,067$60,637
11 years$133,009$118,945$106,205$94,701$84,341$49,248
12 years$120,678$106,759$94,254$83,065$73,088$40,245
13 years$110,253$96,479$84,210$73,334$63,734$33,049
14 years$101,324$87,696$75,663$65,098$55,869$27,247
15 years$93,593$80,112$68,314$58,056$49,191$22,535
16 years$86,835$73,501$61,936$51,983$43,475$18,686
17 years$80,879$67,692$56,360$46,706$38,548$15,528
18 years$75,590$62,550$51,449$42,092$34,275$12,926
19 years$70,863$57,971$47,099$38,033$30,550$10,775
20 years$66,614$53,870$43,225$34,446$27,288$8,993
21 years$62,775$50,177$39,759$31,262$24,420$7,513
22 years$59,290$46,839$36,644$28,425$21,889$6,282
23 years$56,112$43,807$33,834$25,887$19,649$5,256
24 years$53,204$41,045$31,291$23,610$17,661$4,400
25 years$50,532$38,518$28,982$21,562$15,892$3,686
26 years$48,070$36,201$26,879$19,715$14,315$3,088
27 years$45,794$34,069$24,960$18,046$12,906$2,588
28 years$43,684$32,103$23,203$16,534$11,645$2,170
29 years$41,724$30,286$21,592$15,162$10,516$1,820
30 years$39,897$28,602$20,113$13,915$9,501$1,527
31 years$38,192$27,038$18,750$12,780$8,590$1,281
32 years$36,596$25,584$17,494$11,745$7,770$1,075
33 years$35,101$24,228$16,335$10,800$7,032$902
34 years$33,696$22,963$15,262$9,937$6,367$757
35 years$32,375$21,780$14,269$9,148$5,767$635
36 years$31,129$20,672$13,348$8,425$5,225$533
37 years$29,954$19,634$12,494$7,763$4,736$447
38 years$28,843$18,659$11,700$7,155$4,293$376
39 years$27,792$17,743$10,962$6,597$3,893$315
40 years$26,796$16,881$10,274$6,085$3,531$265
41 years$25,851$16,069$9,634$5,614$3,204$222
42 years$24,954$15,304$9,037$5,181$2,907$187
43 years$24,100$14,581$8,480$4,783$2,638$157
44 years$23,288$13,899$7,960$4,416$2,395$131
45 years$22,513$13,254$7,474$4,078$2,174$110
46 years$21,775$12,644$7,020$3,767$1,974$93
47 years$21,070$12,066$6,595$3,481$1,792$78
48 years$20,397$11,519$6,198$3,216$1,628$65
49 years$19,753$11,000$5,825$2,972$1,478$55
50 years$19,136$10,507$5,477$2,747$1,343$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,600,000, adding $2,627 every year, while hoping to spend $29,298 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: 41/34/25 Blend
70$19,600,000$19,600,000$19,600,000$19,600,000
71$21,601,910$20,563,110$20,259,310$22,328,532
72$23,774,132$21,539,529$20,906,824$23,827,801
73$26,166,938$22,562,811$21,575,048$25,446,601
74$28,802,798$23,635,222$22,264,644$27,198,263
75$31,706,471$24,759,135$22,976,297$29,094,999
76$34,905,241$25,937,042$23,710,713$31,150,206
77$38,429,174$27,171,556$24,468,620$33,378,590
78$42,311,401$28,465,413$25,250,770$35,796,290
79$46,588,433$29,821,488$26,057,940$38,421,027
80$51,300,502$31,242,789$26,890,930$41,272,261
81$56,491,944$32,732,476$27,750,566$44,371,363
82$62,211,614$34,293,860$28,637,702$47,741,808
83$68,513,352$35,930,412$29,553,219$51,409,388
84$75,456,486$37,645,774$30,498,023$55,402,442
85$83,106,395$39,443,764$31,473,055$59,752,114
86$91,535,125$41,328,387$32,479,280$64,492,634
87$100,822,069$43,303,840$33,517,697$69,661,628
88$111,054,719$45,374,526$34,589,339$75,300,465
89$122,329,486$47,545,063$35,695,267$81,454,626
90$134,752,615$49,820,293$36,836,580$88,174,126
91$148,441,188$52,205,293$38,014,411$95,513,968
92$163,524,224$54,705,388$39,229,930$103,534,647
93$180,143,905$57,326,162$40,484,342$112,302,707
94$198,456,910$60,073,470$41,778,894$121,891,350
95$218,635,898$62,953,454$43,114,871$132,381,108
96$240,871,139$65,972,553$44,493,599$143,860,590
97$265,372,308$69,137,521$45,916,447$156,427,292
98$292,370,464$72,455,440$47,384,828$170,188,503
99$322,120,233$75,933,738$48,900,201$185,262,295
100$354,902,209$79,580,204$50,464,071$201,778,612