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

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,553,363
2 years$809,438$794,363$779,753$765,588$751,848$726,210
3 years$534,265$519,125$504,552$490,519$477,003$452,042
4 years$396,706$381,612$367,185$353,392$340,203$316,112
5 years$314,192$299,188$284,950$271,439$258,617$235,465
6 years$259,200$244,310$230,282$217,072$204,634$182,448
7 years$219,936$205,171$191,366$178,467$166,423$145,209
8 years$190,501$175,869$162,293$149,711$138,064$117,818
9 years$167,619$153,126$139,783$127,521$116,270$96,982
10 years$149,325$134,973$121,866$109,924$99,067$80,722
11 years$134,366$120,159$107,289$95,667$85,201$67,779
12 years$121,910$107,848$95,216$83,913$73,834$57,312
13 years$111,378$97,463$85,069$74,082$64,384$48,739
14 years$102,358$88,591$76,435$65,762$56,439$41,644
15 years$94,548$80,930$69,011$58,648$49,693$35,721
16 years$87,721$74,251$62,569$52,513$43,919$30,741
17 years$81,704$68,383$56,935$47,183$38,942$26,528
18 years$76,361$63,189$51,974$42,521$34,625$22,947
19 years$71,586$58,563$47,580$38,421$30,862$19,889
20 years$67,294$54,419$43,666$34,798$27,567$17,267
21 years$63,416$50,689$40,165$31,581$24,669$15,014
22 years$59,895$47,317$37,018$28,715$22,112$13,070
23 years$56,685$44,254$34,179$26,151$19,849$11,391
24 years$53,746$41,463$31,610$23,851$17,841$9,937
25 years$51,047$38,911$29,277$21,782$16,054$8,676
26 years$48,560$36,570$27,153$19,917$14,461$7,580
27 years$46,261$34,417$25,214$18,230$13,038$6,626
28 years$44,130$32,431$23,440$16,703$11,764$5,796
29 years$42,149$30,595$21,813$15,317$10,623$5,072
30 years$40,304$28,894$20,318$14,057$9,598$4,440
31 years$38,582$27,314$18,942$12,910$8,678$3,889
32 years$36,970$25,845$17,673$11,865$7,850$3,407
33 years$35,459$24,475$16,501$10,911$7,104$2,985
34 years$34,040$23,197$15,418$10,039$6,432$2,616
35 years$32,705$22,002$14,415$9,241$5,826$2,294
36 years$31,447$20,883$13,485$8,511$5,278$2,011
37 years$30,260$19,834$12,621$7,842$4,784$1,764
38 years$29,138$18,850$11,819$7,228$4,337$1,547
39 years$28,076$17,924$11,073$6,664$3,933$1,357
40 years$27,070$17,053$10,379$6,147$3,567$1,190
41 years$26,115$16,233$9,732$5,671$3,236$1,045
42 years$25,208$15,460$9,129$5,234$2,937$916
43 years$24,346$14,730$8,567$4,832$2,665$804
44 years$23,525$14,041$8,041$4,461$2,419$706
45 years$22,743$13,389$7,550$4,120$2,196$619
46 years$21,997$12,773$7,092$3,806$1,994$544
47 years$21,285$12,189$6,662$3,516$1,811$477
48 years$20,605$11,636$6,261$3,249$1,644$419
49 years$19,954$11,112$5,885$3,003$1,493$368
50 years$19,332$10,615$5,533$2,775$1,357$323

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 $6,840 every year, while hoping to spend $24,135 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: 48/22/30 Blend
70$19,800,000$19,800,000$19,800,000$19,800,000
71$21,826,655$20,777,255$20,470,355$22,686,744
72$24,027,295$21,769,662$21,130,433$24,286,763
73$26,451,591$22,809,887$21,811,814$26,020,501
74$29,122,330$23,900,248$22,515,187$27,902,988
75$32,064,624$25,043,177$23,241,262$29,948,288
76$35,306,145$26,241,222$23,990,774$32,171,856
77$38,877,385$27,497,054$24,764,478$34,590,671
78$42,811,946$28,813,479$25,563,156$37,223,397
79$47,146,859$30,193,433$26,387,616$40,090,550
80$51,922,928$31,640,001$27,238,690$43,214,684
81$57,185,119$33,156,413$28,117,239$46,620,597
82$62,982,984$34,746,060$29,024,149$50,335,556
83$69,371,129$36,412,497$29,960,338$54,389,552
84$76,409,726$38,159,452$30,926,752$58,815,567
85$84,165,087$39,990,834$31,924,367$63,649,881
86$92,710,283$41,910,743$32,954,191$68,932,406
87$102,125,842$43,923,478$34,017,266$74,707,053
88$112,500,499$46,033,550$35,114,665$81,022,132
89$123,932,042$48,245,687$36,247,499$87,930,806
90$136,528,233$50,564,847$37,416,913$95,491,575
91$150,407,821$52,996,233$38,624,088$103,768,821
92$165,701,669$55,545,299$39,870,245$112,833,401
93$182,553,986$58,217,765$41,156,645$122,763,307
94$201,123,687$61,019,630$42,484,587$133,644,388
95$221,585,897$63,957,187$43,855,415$145,571,144
96$244,133,602$67,037,032$45,270,515$158,647,612
97$268,979,471$70,266,088$46,731,318$172,988,325
98$296,357,861$73,651,610$48,239,301$188,719,382
99$326,527,035$77,201,212$49,795,991$205,979,624
100$359,771,597$80,922,875$51,402,960$224,921,924