Can I retire at age 71 with 19,700,000?

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 $19,700,000?

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$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,513,363
2 years$805,350$790,351$775,815$761,721$748,050$690,718
3 years$531,567$516,503$502,004$488,042$474,594$419,274
4 years$394,702$379,685$365,330$351,607$338,484$285,600
5 years$312,605$297,677$283,511$270,068$257,310$206,999
6 years$257,891$243,076$229,119$215,975$203,601$155,898
7 years$218,825$204,135$190,399$177,565$165,582$120,476
8 years$189,539$174,981$161,474$148,955$137,366$94,818
9 years$166,773$152,353$139,077$126,877$115,682$75,633
10 years$148,571$134,291$121,251$109,369$98,567$60,947
11 years$133,688$119,552$106,747$95,184$84,771$49,499
12 years$121,294$107,303$94,735$83,489$73,461$40,450
13 years$110,815$96,971$84,640$73,708$64,059$33,217
14 years$101,841$88,144$76,049$65,430$56,154$27,386
15 years$94,071$80,521$68,662$58,352$49,442$22,650
16 years$87,278$73,876$62,253$52,248$43,697$18,781
17 years$81,291$68,037$56,647$46,944$38,745$15,607
18 years$75,975$62,870$51,712$42,306$34,450$12,991
19 years$71,225$58,267$47,339$38,227$30,706$10,830
20 years$66,954$54,144$43,446$34,622$27,427$9,039
21 years$63,095$50,433$39,962$31,422$24,544$7,551
22 years$59,592$47,078$36,831$28,570$22,001$6,314
23 years$56,398$44,031$34,007$26,019$19,749$5,283
24 years$53,475$41,254$31,451$23,731$17,751$4,423
25 years$50,790$38,715$29,130$21,672$15,973$3,704
26 years$48,315$36,386$27,016$19,816$14,388$3,104
27 years$46,027$34,243$25,087$18,138$12,972$2,602
28 years$43,907$32,267$23,322$16,618$11,705$2,181
29 years$41,936$30,440$21,703$15,239$10,569$1,829
30 years$40,101$28,748$20,215$13,986$9,550$1,534
31 years$38,387$27,176$18,846$12,845$8,634$1,287
32 years$36,783$25,714$17,584$11,805$7,810$1,080
33 years$35,280$24,352$16,418$10,856$7,068$906
34 years$33,868$23,080$15,340$9,988$6,399$761
35 years$32,540$21,891$14,342$9,195$5,796$638
36 years$31,288$20,778$13,416$8,468$5,252$536
37 years$30,107$19,734$12,558$7,802$4,760$450
38 years$28,991$18,754$11,760$7,191$4,315$377
39 years$27,934$17,834$11,017$6,631$3,913$317
40 years$26,933$16,967$10,327$6,116$3,549$266
41 years$25,983$16,151$9,683$5,643$3,220$223
42 years$25,081$15,382$9,083$5,208$2,922$187
43 years$24,223$14,656$8,523$4,807$2,652$157
44 years$23,406$13,970$8,001$4,439$2,407$132
45 years$22,628$13,322$7,512$4,099$2,185$111
46 years$21,886$12,708$7,056$3,787$1,984$93
47 years$21,178$12,128$6,629$3,498$1,802$78
48 years$20,501$11,577$6,229$3,233$1,636$66
49 years$19,854$11,056$5,855$2,987$1,486$55
50 years$19,234$10,561$5,505$2,761$1,350$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,700,000, adding $5,977 every year, while hoping to spend $27,862 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: 66/17/17 Blend
70$19,700,000$19,700,000$19,700,000$19,700,000
71$21,715,565$20,671,465$20,366,115$23,058,230
72$23,900,908$21,654,722$21,018,735$24,940,593
73$26,308,222$22,685,225$21,692,284$26,993,665
74$28,960,118$23,765,259$22,387,434$29,237,258
75$31,881,515$24,897,221$23,104,877$31,690,043
76$35,099,869$26,083,624$23,845,330$34,372,565
77$38,645,438$27,327,104$24,609,531$37,307,430
78$42,551,565$28,630,424$25,398,242$40,519,516
79$46,854,991$29,996,482$26,212,250$44,036,203
80$51,596,208$31,428,317$27,052,368$47,887,622
81$56,819,831$32,929,114$27,919,432$52,106,941
82$62,575,029$34,502,217$28,814,309$56,730,669
83$68,915,984$36,151,128$29,737,890$61,798,995
84$75,902,404$37,879,522$30,691,099$67,356,163
85$83,600,083$39,691,252$31,674,884$73,450,881
86$92,081,528$41,590,360$32,690,229$80,136,778
87$101,426,638$43,581,082$33,738,147$87,472,901
88$111,723,463$45,667,863$34,819,683$95,524,264
89$123,069,031$47,855,363$35,935,916$104,362,461
90$135,570,264$50,148,467$37,087,961$114,066,324
91$149,344,991$52,552,302$38,276,968$124,722,670
92$164,523,057$55,072,242$39,504,123$136,427,103
93$181,247,549$57,713,922$40,770,652$149,284,916
94$199,676,148$60,483,253$42,077,818$163,412,068
95$219,982,617$63,386,435$43,426,926$178,936,275
96$242,358,439$66,429,966$44,819,324$195,998,203
97$267,014,631$69,620,665$46,256,402$214,752,789
98$294,183,726$72,965,680$47,739,594$235,370,686
99$324,121,977$76,472,509$49,270,382$258,039,870
100$357,111,772$80,149,016$50,850,293$282,967,397