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%19.3%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,504,487
2 years$801,262$786,339$771,877$757,855$744,253$686,041
3 years$528,869$513,882$499,455$485,565$472,185$416,035
4 years$392,699$377,757$363,476$349,822$336,766$283,108
5 years$311,018$296,166$282,072$268,697$256,004$204,976
6 years$256,582$241,842$227,956$214,879$202,567$154,205
7 years$217,714$203,099$189,433$176,664$164,742$119,032
8 years$188,577$174,093$160,654$148,199$136,669$93,570
9 years$165,926$151,579$138,371$126,233$115,095$74,546
10 years$147,817$133,610$120,635$108,814$98,067$59,994
11 years$133,009$118,945$106,205$94,701$84,341$48,662
12 years$120,678$106,759$94,254$83,065$73,088$39,713
13 years$110,253$96,479$84,210$73,334$63,734$32,568
14 years$101,324$87,696$75,663$65,098$55,869$26,813
15 years$93,593$80,112$68,314$58,056$49,191$22,144
16 years$86,835$73,501$61,936$51,983$43,475$18,335
17 years$80,879$67,692$56,360$46,706$38,548$15,214
18 years$75,590$62,550$51,449$42,092$34,275$12,645
19 years$70,863$57,971$47,099$38,033$30,550$10,525
20 years$66,614$53,870$43,225$34,446$27,288$8,771
21 years$62,775$50,177$39,759$31,262$24,420$7,317
22 years$59,290$46,839$36,644$28,425$21,889$6,108
23 years$56,112$43,807$33,834$25,887$19,649$5,102
24 years$53,204$41,045$31,291$23,610$17,661$4,265
25 years$50,532$38,518$28,982$21,562$15,892$3,566
26 years$48,070$36,201$26,879$19,715$14,315$2,984
27 years$45,794$34,069$24,960$18,046$12,906$2,497
28 years$43,684$32,103$23,203$16,534$11,645$2,090
29 years$41,724$30,286$21,592$15,162$10,516$1,750
30 years$39,897$28,602$20,113$13,915$9,501$1,465
31 years$38,192$27,038$18,750$12,780$8,590$1,227
32 years$36,596$25,584$17,494$11,745$7,770$1,028
33 years$35,101$24,228$16,335$10,800$7,032$861
34 years$33,696$22,963$15,262$9,937$6,367$722
35 years$32,375$21,780$14,269$9,148$5,767$605
36 years$31,129$20,672$13,348$8,425$5,225$507
37 years$29,954$19,634$12,494$7,763$4,736$425
38 years$28,843$18,659$11,700$7,155$4,293$356
39 years$27,792$17,743$10,962$6,597$3,893$298
40 years$26,796$16,881$10,274$6,085$3,531$250
41 years$25,851$16,069$9,634$5,614$3,204$209
42 years$24,954$15,304$9,037$5,181$2,907$176
43 years$24,100$14,581$8,480$4,783$2,638$147
44 years$23,288$13,899$7,960$4,416$2,395$123
45 years$22,513$13,254$7,474$4,078$2,174$103
46 years$21,775$12,644$7,020$3,767$1,974$87
47 years$21,070$12,066$6,595$3,481$1,792$73
48 years$20,397$11,519$6,198$3,216$1,628$61
49 years$19,753$11,000$5,825$2,972$1,478$51
50 years$19,136$10,507$5,477$2,747$1,343$43

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 $6,941 every year, while hoping to spend $28,282 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: 86/9/5 Blend
70$19,600,000$19,600,000$19,600,000$19,600,000
71$21,606,360$20,567,560$20,263,760$23,465,021
72$23,780,116$21,545,278$20,912,504$25,654,458
73$26,174,649$22,569,957$21,582,033$28,055,231
74$28,812,445$23,643,868$22,273,014$30,692,310
75$31,718,289$24,769,391$22,986,133$33,589,441
76$34,919,488$25,949,025$23,722,103$36,772,780
77$38,446,136$27,185,388$24,481,654$40,271,130
78$42,331,396$28,481,225$25,265,543$44,116,220
79$46,611,810$29,839,417$26,074,550$48,342,994
80$51,327,649$31,262,983$26,909,482$52,989,943
81$56,523,288$32,755,088$27,771,169$58,099,466
82$62,247,630$34,319,054$28,660,469$63,718,265
83$68,554,562$35,958,361$29,578,269$69,897,786
84$75,503,468$37,676,662$30,525,481$76,694,700
85$83,159,787$39,477,783$31,503,050$84,171,435
86$91,595,632$41,365,741$32,511,949$92,396,764
87$100,890,469$43,344,746$33,553,182$101,446,448
88$111,131,871$45,419,212$34,627,788$111,403,952
89$122,416,339$47,593,771$35,736,836$122,361,224
90$134,850,216$49,873,276$36,881,431$134,419,564
91$148,550,693$52,262,821$38,062,713$147,690,575
92$163,646,909$54,767,745$39,281,860$162,297,211
93$180,281,177$57,393,648$40,540,085$178,374,935
94$198,610,322$60,146,402$41,838,643$196,072,993
95$218,807,165$63,032,165$43,178,827$215,555,820
96$241,062,151$66,057,397$44,561,973$237,004,583
97$265,585,151$69,228,869$45,989,460$260,618,891
98$292,607,438$72,553,685$47,462,708$286,618,672
99$322,383,875$76,039,295$48,983,188$315,246,244
100$355,195,319$79,693,509$50,552,413$346,768,595