Can I retire at age 71 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,526,910
2 years$813,526$798,375$783,691$769,454$755,645$695,948
3 years$536,964$521,747$507,100$492,997$479,412$421,841
4 years$398,709$383,539$369,039$355,176$341,921$286,914
5 years$315,778$300,700$286,390$272,810$259,923$207,622
6 years$260,509$245,544$231,445$218,168$205,668$156,110
7 years$221,047$206,207$192,332$179,368$167,263$120,433
8 years$191,463$176,758$163,113$150,467$138,761$94,615
9 years$168,466$153,899$140,489$128,165$116,857$75,332
10 years$150,079$135,655$122,482$110,479$99,568$60,589
11 years$135,045$120,765$107,831$96,150$85,632$49,112
12 years$122,526$108,393$95,697$84,337$74,207$40,054
13 years$111,940$97,955$85,499$74,457$64,710$32,825
14 years$102,875$89,039$76,821$66,094$56,724$27,005
15 years$95,026$81,338$69,359$58,944$49,944$22,287
16 years$88,165$74,626$62,885$52,778$44,141$18,441
17 years$82,117$68,728$57,222$47,421$39,138$15,290
18 years$76,747$63,508$52,237$42,736$34,800$12,699
19 years$71,948$58,858$47,820$38,615$31,018$10,562
20 years$67,634$54,694$43,887$34,974$27,706$8,795
21 years$63,736$50,945$40,367$31,741$24,794$7,331
22 years$60,197$47,556$37,205$28,860$22,224$6,115
23 years$56,971$44,478$34,352$26,283$19,950$5,104
24 years$54,018$41,673$31,770$23,972$17,931$4,263
25 years$51,305$39,108$29,425$21,892$16,135$3,562
26 years$48,805$36,755$27,290$20,017$14,534$2,977
27 years$46,495$34,591$25,342$18,322$13,104$2,490
28 years$44,353$32,595$23,558$16,787$11,824$2,082
29 years$42,362$30,749$21,923$15,394$10,676$1,742
30 years$40,508$29,040$20,420$14,128$9,647$1,458
31 years$38,776$27,452$19,037$12,975$8,722$1,220
32 years$37,157$25,975$17,762$11,925$7,889$1,021
33 years$35,638$24,599$16,585$10,966$7,140$855
34 years$34,212$23,314$15,496$10,090$6,464$715
35 years$32,870$22,113$14,487$9,288$5,855$599
36 years$31,606$20,989$13,553$8,554$5,305$501
37 years$30,413$19,934$12,685$7,881$4,808$420
38 years$29,285$18,945$11,879$7,264$4,359$352
39 years$28,218$18,015$11,129$6,698$3,953$294
40 years$27,206$17,139$10,432$6,178$3,585$246
41 years$26,247$16,315$9,781$5,700$3,253$206
42 years$25,336$15,538$9,175$5,260$2,952$173
43 years$24,469$14,805$8,610$4,856$2,679$145
44 years$23,644$14,112$8,082$4,484$2,431$121
45 years$22,858$13,457$7,589$4,141$2,207$102
46 years$22,108$12,837$7,127$3,825$2,004$85
47 years$21,393$12,251$6,696$3,534$1,820$71
48 years$20,709$11,695$6,292$3,265$1,653$60
49 years$20,055$11,168$5,914$3,018$1,501$50
50 years$19,429$10,668$5,560$2,789$1,363$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,900,000, adding $4,275 every year, while hoping to spend $49,714 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: 73/10/17 Blend
70$19,900,000$19,900,000$19,900,000$19,900,000
71$21,934,210$20,879,510$20,571,060$23,449,312
72$24,118,604$21,849,710$21,207,295$25,425,001
73$26,524,140$22,865,785$21,863,178$27,582,122
74$29,173,322$23,929,928$22,539,314$29,943,852
75$32,090,948$25,044,441$23,236,328$32,530,490
76$35,304,343$26,211,737$23,954,863$35,364,386
77$38,843,618$27,434,344$24,695,583$38,470,144
78$42,741,953$28,714,914$25,459,172$41,874,854
79$47,035,912$30,056,224$26,246,333$45,608,347
80$51,765,784$31,461,188$27,057,794$49,703,466
81$56,975,967$32,932,860$27,894,304$54,196,381
82$62,715,387$34,474,441$28,756,635$59,126,921
83$69,037,956$36,089,288$29,645,581$64,538,948
84$76,003,082$37,780,918$30,561,963$70,480,770
85$83,676,235$39,553,021$31,506,627$77,005,586
86$92,129,555$41,409,463$32,480,443$84,171,991
87$101,442,542$43,354,299$33,484,310$92,044,523
88$111,702,800$45,391,779$34,519,154$100,694,264
89$123,006,868$47,526,358$35,585,927$110,199,512
90$135,461,128$49,762,709$36,685,615$120,646,509
91$149,182,810$52,105,729$37,819,231$132,130,254
92$164,301,100$54,560,554$38,987,819$144,755,396
93$180,958,358$57,132,566$40,192,456$158,637,210
94$199,311,460$59,827,412$41,434,253$173,902,685
95$219,533,283$62,651,008$42,714,354$190,691,715
96$241,814,330$65,609,561$44,033,938$209,158,413
97$266,364,538$68,709,575$45,394,220$229,472,557
98$293,415,248$71,957,871$46,796,454$251,821,191
99$323,221,399$75,361,603$48,241,931$276,410,379
100$356,063,928$78,928,268$49,731,982$303,467,145