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%17.4%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,523,672
2 years$805,350$790,351$775,815$761,721$748,050$700,861
3 years$531,567$516,503$502,004$488,042$474,594$428,928
4 years$394,702$379,685$365,330$351,607$338,484$294,693
5 years$312,605$297,677$283,511$270,068$257,310$215,512
6 years$257,891$243,076$229,119$215,975$203,601$163,832
7 years$218,825$204,135$190,399$177,565$165,582$127,842
8 years$189,539$174,981$161,474$148,955$137,366$101,631
9 years$166,773$152,353$139,077$126,877$115,682$81,914
10 years$148,571$134,291$121,251$109,369$98,567$66,718
11 years$133,688$119,552$106,747$95,184$84,771$54,786
12 years$121,294$107,303$94,735$83,489$73,461$45,280
13 years$110,815$96,971$84,640$73,708$64,059$37,616
14 years$101,841$88,144$76,049$65,430$56,154$31,381
15 years$94,071$80,521$68,662$58,352$49,442$26,269
16 years$87,278$73,876$62,253$52,248$43,697$22,052
17 years$81,291$68,037$56,647$46,944$38,745$18,555
18 years$75,975$62,870$51,712$42,306$34,450$15,643
19 years$71,225$58,267$47,339$38,227$30,706$13,209
20 years$66,954$54,144$43,446$34,622$27,427$11,169
21 years$63,095$50,433$39,962$31,422$24,544$9,454
22 years$59,592$47,078$36,831$28,570$22,001$8,011
23 years$56,398$44,031$34,007$26,019$19,749$6,793
24 years$53,475$41,254$31,451$23,731$17,751$5,764
25 years$50,790$38,715$29,130$21,672$15,973$4,894
26 years$48,315$36,386$27,016$19,816$14,388$4,157
27 years$46,027$34,243$25,087$18,138$12,972$3,533
28 years$43,907$32,267$23,322$16,618$11,705$3,003
29 years$41,936$30,440$21,703$15,239$10,569$2,554
30 years$40,101$28,748$20,215$13,986$9,550$2,172
31 years$38,387$27,176$18,846$12,845$8,634$1,848
32 years$36,783$25,714$17,584$11,805$7,810$1,573
33 years$35,280$24,352$16,418$10,856$7,068$1,338
34 years$33,868$23,080$15,340$9,988$6,399$1,139
35 years$32,540$21,891$14,342$9,195$5,796$970
36 years$31,288$20,778$13,416$8,468$5,252$826
37 years$30,107$19,734$12,558$7,802$4,760$703
38 years$28,991$18,754$11,760$7,191$4,315$598
39 years$27,934$17,834$11,017$6,631$3,913$510
40 years$26,933$16,967$10,327$6,116$3,549$434
41 years$25,983$16,151$9,683$5,643$3,220$370
42 years$25,081$15,382$9,083$5,208$2,922$315
43 years$24,223$14,656$8,523$4,807$2,652$268
44 years$23,406$13,970$8,001$4,439$2,407$228
45 years$22,628$13,322$7,512$4,099$2,185$194
46 years$21,886$12,708$7,056$3,787$1,984$166
47 years$21,178$12,128$6,629$3,498$1,802$141
48 years$20,501$11,577$6,229$3,233$1,636$120
49 years$19,854$11,056$5,855$2,987$1,486$102
50 years$19,234$10,561$5,505$2,761$1,350$87

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 $4,512 every year, while hoping to spend $27,050 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: 55/37/8 Blend
70$19,700,000$19,700,000$19,700,000$19,700,000
71$21,714,054$20,669,954$20,364,604$22,866,905
72$23,900,107$21,654,001$21,018,037$24,630,407
73$26,308,230$22,685,359$21,692,454$26,546,102
74$28,961,047$23,766,319$22,388,528$28,631,151
75$31,883,486$24,899,281$23,106,957$30,901,652
76$35,103,019$26,086,764$23,848,458$33,375,292
77$38,649,918$27,331,407$24,613,772$36,071,506
78$42,557,543$28,635,978$25,403,666$39,011,650
79$46,862,653$30,003,382$26,218,930$42,219,198
80$51,605,757$31,436,662$27,060,378$45,719,950
81$56,831,497$32,939,010$27,928,853$49,542,272
82$62,589,063$34,513,775$28,825,223$53,717,351
83$68,932,665$36,164,468$29,750,386$58,279,479
84$75,922,040$37,894,769$30,705,266$63,266,368
85$83,623,015$39,708,540$31,690,819$68,719,494
86$92,108,132$41,609,828$32,708,032$74,684,479
87$101,457,332$43,602,881$33,757,921$81,211,505
88$111,758,707$45,692,149$34,841,539$88,355,780
89$123,109,333$47,882,302$35,959,968$96,178,045
90$135,616,187$50,178,237$37,114,329$104,745,131
91$149,397,156$52,585,088$38,305,776$114,130,578
92$164,582,149$55,108,240$39,535,503$124,415,313
93$181,314,325$57,753,341$40,804,740$135,688,398
94$199,751,445$60,526,313$42,114,757$148,047,856
95$220,067,357$63,433,368$43,466,866$161,601,576
96$242,453,642$66,481,017$44,862,421$176,468,314
97$267,121,420$69,676,093$46,302,818$192,778,798
98$294,303,343$73,025,760$47,789,500$210,676,938
99$324,255,791$76,537,529$49,323,956$230,321,164
100$357,261,294$80,219,281$50,907,721$251,885,905