Can I retire at age 71 with 19,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,545,107
2 years$809,438$794,363$779,753$765,588$751,848$717,986
3 years$534,265$519,125$504,552$490,519$477,003$444,111
4 years$396,706$381,612$367,185$353,392$340,203$308,532
5 years$314,192$299,188$284,950$271,439$258,617$228,258
6 years$259,200$244,310$230,282$217,072$204,634$175,619
7 years$219,936$205,171$191,366$178,467$166,423$138,757
8 years$190,501$175,869$162,293$149,711$138,064$111,738
9 years$167,619$153,126$139,783$127,521$116,270$91,266
10 years$149,325$134,973$121,866$109,924$99,067$75,360
11 years$134,366$120,159$107,289$95,667$85,201$62,759
12 years$121,910$107,848$95,216$83,913$73,834$52,623
13 years$111,378$97,463$85,069$74,082$64,384$44,368
14 years$102,358$88,591$76,435$65,762$56,439$37,577
15 years$94,548$80,930$69,011$58,648$49,693$31,945
16 years$87,721$74,251$62,569$52,513$43,919$27,241
17 years$81,704$68,383$56,935$47,183$38,942$23,290
18 years$76,361$63,189$51,974$42,521$34,625$19,956
19 years$71,586$58,563$47,580$38,421$30,862$17,131
20 years$67,294$54,419$43,666$34,798$27,567$14,729
21 years$63,416$50,689$40,165$31,581$24,669$12,681
22 years$59,895$47,317$37,018$28,715$22,112$10,930
23 years$56,685$44,254$34,179$26,151$19,849$9,430
24 years$53,746$41,463$31,610$23,851$17,841$8,142
25 years$51,047$38,911$29,277$21,782$16,054$7,036
26 years$48,560$36,570$27,153$19,917$14,461$6,083
27 years$46,261$34,417$25,214$18,230$13,038$5,263
28 years$44,130$32,431$23,440$16,703$11,764$4,555
29 years$42,149$30,595$21,813$15,317$10,623$3,944
30 years$40,304$28,894$20,318$14,057$9,598$3,416
31 years$38,582$27,314$18,942$12,910$8,678$2,959
32 years$36,970$25,845$17,673$11,865$7,850$2,565
33 years$35,459$24,475$16,501$10,911$7,104$2,223
34 years$34,040$23,197$15,418$10,039$6,432$1,927
35 years$32,705$22,002$14,415$9,241$5,826$1,671
36 years$31,447$20,883$13,485$8,511$5,278$1,449
37 years$30,260$19,834$12,621$7,842$4,784$1,257
38 years$29,138$18,850$11,819$7,228$4,337$1,090
39 years$28,076$17,924$11,073$6,664$3,933$946
40 years$27,070$17,053$10,379$6,147$3,567$821
41 years$26,115$16,233$9,732$5,671$3,236$712
42 years$25,208$15,460$9,129$5,234$2,937$618
43 years$24,346$14,730$8,567$4,832$2,665$536
44 years$23,525$14,041$8,041$4,461$2,419$465
45 years$22,743$13,389$7,550$4,120$2,196$404
46 years$21,997$12,773$7,092$3,806$1,994$350
47 years$21,285$12,189$6,662$3,516$1,811$304
48 years$20,605$11,636$6,261$3,249$1,644$264
49 years$19,954$11,112$5,885$3,003$1,493$229
50 years$19,332$10,615$5,533$2,775$1,357$199

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,800,000, adding $5,964 every year, while hoping to spend $34,853 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: 47/41/12 Blend
70$19,800,000$19,800,000$19,800,000$19,800,000
71$21,825,752$20,776,352$20,469,452$22,778,309
72$24,014,895$21,757,310$21,118,095$24,417,614
73$26,426,163$22,785,167$21,787,300$26,191,656
74$29,082,175$23,862,183$22,477,718$28,116,238
75$32,007,858$24,990,731$23,190,022$30,205,372
76$35,230,678$26,173,296$23,924,907$32,474,442
77$38,780,904$27,412,483$24,683,088$34,940,333
78$42,691,888$28,711,027$25,465,303$37,621,588
79$47,000,386$30,071,793$26,272,316$40,538,570
80$51,746,899$31,497,785$27,104,913$43,713,647
81$56,976,060$32,992,153$27,963,904$47,171,391
82$62,737,050$34,558,201$28,850,127$50,938,801
83$69,084,069$36,199,392$29,764,446$55,045,544
84$76,076,841$37,919,359$30,707,752$59,524,228
85$83,781,181$39,721,910$31,680,963$64,410,693
86$92,269,615$41,611,037$32,685,029$69,744,337
87$101,622,066$43,590,928$33,720,928$75,568,479
88$111,926,607$45,665,974$34,789,670$81,930,749
89$123,280,292$47,840,778$35,892,295$88,883,524
90$135,790,075$50,120,169$37,029,880$96,484,410
91$149,573,813$52,509,208$38,203,532$104,796,765
92$164,761,388$55,013,205$39,414,395$113,890,284
93$181,495,923$57,637,725$40,663,651$123,841,638
94$199,935,140$60,388,607$41,952,516$134,735,179
95$220,252,846$63,271,970$43,282,247$146,663,718
96$242,640,574$66,294,235$44,654,140$159,729,377
97$267,309,391$69,462,131$46,069,533$174,044,539
98$294,491,892$72,782,718$47,529,805$189,732,880
99$324,444,391$76,263,398$49,036,380$206,930,517
100$357,449,346$79,911,932$50,590,726$225,787,266