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%11%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,572,227
2 years$809,438$794,363$779,753$765,588$751,848$745,131
3 years$534,265$519,125$504,552$490,519$477,003$470,431
4 years$396,706$381,612$367,185$353,392$340,203$333,825
5 years$314,192$299,188$284,950$271,439$258,617$252,453
6 years$259,200$244,310$230,282$217,072$204,634$198,693
7 years$219,936$205,171$191,366$178,467$166,423$160,706
8 years$190,501$175,869$162,293$149,711$138,064$132,572
9 years$167,619$153,126$139,783$127,521$116,270$111,002
10 years$149,325$134,973$121,866$109,924$99,067$94,021
11 years$134,366$120,159$107,289$95,667$85,201$80,374
12 years$121,910$107,848$95,216$83,913$73,834$69,221
13 years$111,378$97,463$85,069$74,082$64,384$59,982
14 years$102,358$88,591$76,435$65,762$56,439$52,242
15 years$94,548$80,930$69,011$58,648$49,693$45,697
16 years$87,721$74,251$62,569$52,513$43,919$40,118
17 years$81,704$68,383$56,935$47,183$38,942$35,330
18 years$76,361$63,189$51,974$42,521$34,625$31,197
19 years$71,586$58,563$47,580$38,421$30,862$27,612
20 years$67,294$54,419$43,666$34,798$27,567$24,488
21 years$63,416$50,689$40,165$31,581$24,669$21,756
22 years$59,895$47,317$37,018$28,715$22,112$19,359
23 years$56,685$44,254$34,179$26,151$19,849$17,249
24 years$53,746$41,463$31,610$23,851$17,841$15,388
25 years$51,047$38,911$29,277$21,782$16,054$13,742
26 years$48,560$36,570$27,153$19,917$14,461$12,283
27 years$46,261$34,417$25,214$18,230$13,038$10,989
28 years$44,130$32,431$23,440$16,703$11,764$9,838
29 years$42,149$30,595$21,813$15,317$10,623$8,813
30 years$40,304$28,894$20,318$14,057$9,598$7,900
31 years$38,582$27,314$18,942$12,910$8,678$7,085
32 years$36,970$25,845$17,673$11,865$7,850$6,357
33 years$35,459$24,475$16,501$10,911$7,104$5,706
34 years$34,040$23,197$15,418$10,039$6,432$5,124
35 years$32,705$22,002$14,415$9,241$5,826$4,603
36 years$31,447$20,883$13,485$8,511$5,278$4,136
37 years$30,260$19,834$12,621$7,842$4,784$3,717
38 years$29,138$18,850$11,819$7,228$4,337$3,342
39 years$28,076$17,924$11,073$6,664$3,933$3,005
40 years$27,070$17,053$10,379$6,147$3,567$2,702
41 years$26,115$16,233$9,732$5,671$3,236$2,431
42 years$25,208$15,460$9,129$5,234$2,937$2,187
43 years$24,346$14,730$8,567$4,832$2,665$1,968
44 years$23,525$14,041$8,041$4,461$2,419$1,771
45 years$22,743$13,389$7,550$4,120$2,196$1,594
46 years$21,997$12,773$7,092$3,806$1,994$1,434
47 years$21,285$12,189$6,662$3,516$1,811$1,291
48 years$20,605$11,636$6,261$3,249$1,644$1,162
49 years$19,954$11,112$5,885$3,003$1,493$1,046
50 years$19,332$10,615$5,533$2,775$1,357$942

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 $5,323 every year, while hoping to spend $47,239 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: 47/26/27 Blend
70$19,800,000$19,800,000$19,800,000$19,800,000
71$21,825,091$20,775,691$20,468,791$22,681,780
72$24,000,988$21,743,438$21,104,233$24,253,912
73$26,397,244$22,757,021$21,759,380$25,954,399
74$29,036,284$23,818,637$22,434,841$27,799,407
75$31,942,822$24,930,587$23,131,245$29,802,538
76$35,144,090$26,095,285$23,849,241$31,978,737
77$38,670,094$27,315,261$24,589,498$34,344,422
78$42,553,902$28,593,167$25,352,704$36,917,635
79$46,831,951$29,931,784$26,139,571$39,718,206
80$51,544,394$31,334,025$26,950,831$42,767,932
81$56,735,477$32,802,948$27,787,239$46,090,772
82$62,453,958$34,341,754$28,649,573$49,713,072
83$68,753,565$35,953,803$29,538,637$53,663,800
84$75,693,504$37,642,615$30,455,258$57,974,813
85$83,339,021$39,411,883$31,400,288$62,681,147
86$91,762,011$41,265,474$32,374,607$67,821,343
87$101,041,701$43,207,448$33,379,122$73,437,795
88$111,265,399$45,242,057$34,414,767$79,577,144
89$122,529,313$47,373,762$35,482,505$86,290,706
90$134,939,465$49,607,238$36,583,330$93,634,944
91$148,612,685$51,947,387$37,718,266$101,671,995
92$163,677,719$54,399,349$38,888,369$110,470,238
93$180,276,443$56,968,514$40,094,726$120,104,928
94$198,565,200$59,660,531$41,338,459$130,658,896
95$218,716,277$62,481,324$42,620,724$142,223,317
96$240,919,534$65,437,105$43,942,715$154,898,552
97$265,384,190$68,534,387$45,305,659$168,795,083
98$292,340,803$71,779,998$46,710,825$184,034,543
99$322,043,445$75,181,097$48,159,517$200,750,843
100$354,772,098$78,745,193$49,653,083$219,091,420