Can I retire at age 71 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,532,156
2 years$817,615$802,387$787,630$773,321$759,442$697,068
3 years$539,662$524,369$509,648$495,474$481,821$421,709
4 years$400,713$385,467$370,894$356,961$343,639$286,246
5 years$317,365$302,211$287,829$274,180$261,229$206,702
6 years$261,818$246,778$232,608$219,264$206,701$155,076
7 years$222,157$207,243$193,299$180,269$168,104$119,361
8 years$192,425$177,646$163,933$151,223$139,458$93,550
9 years$169,313$154,673$141,195$128,809$117,444$74,302
10 years$150,833$136,336$123,097$111,034$100,068$59,609
11 years$135,724$121,372$108,373$96,633$86,062$48,192
12 years$123,141$108,937$96,178$84,760$74,579$39,198
13 years$112,503$98,447$85,929$74,831$65,035$32,035
14 years$103,392$89,486$77,207$66,426$57,009$26,282
15 years$95,503$81,747$69,708$59,241$50,195$21,628
16 years$88,608$75,001$63,201$53,044$44,363$17,844
17 years$82,529$69,073$57,510$47,659$39,335$14,751
18 years$77,132$63,827$52,499$42,951$34,975$12,215
19 years$72,309$59,154$48,060$38,809$31,174$10,129
20 years$67,974$54,969$44,107$35,149$27,845$8,408
21 years$64,056$51,201$40,570$31,900$24,918$6,987
22 years$60,500$47,795$37,392$29,005$22,336$5,810
23 years$57,257$44,701$34,525$26,415$20,050$4,834
24 years$54,289$41,882$31,930$24,092$18,021$4,025
25 years$51,563$39,304$29,573$22,002$16,216$3,352
26 years$49,051$36,940$27,428$20,118$14,607$2,793
27 years$46,728$34,765$25,469$18,414$13,170$2,328
28 years$44,576$32,759$23,677$16,871$11,883$1,941
29 years$42,575$30,904$22,033$15,471$10,730$1,618
30 years$40,711$29,186$20,523$14,199$9,695$1,350
31 years$38,971$27,590$19,133$13,041$8,766$1,126
32 years$37,343$26,106$17,851$11,985$7,929$939
33 years$35,817$24,723$16,668$11,021$7,176$783
34 years$34,384$23,431$15,574$10,140$6,497$654
35 years$33,035$22,224$14,560$9,335$5,884$545
36 years$31,765$21,094$13,621$8,597$5,332$455
37 years$30,565$20,035$12,749$7,921$4,832$380
38 years$29,432$19,040$11,939$7,301$4,381$317
39 years$28,360$18,105$11,185$6,732$3,973$265
40 years$27,343$17,226$10,484$6,209$3,603$221
41 years$26,379$16,397$9,831$5,729$3,269$184
42 years$25,463$15,616$9,221$5,287$2,966$154
43 years$24,592$14,879$8,653$4,880$2,692$128
44 years$23,763$14,183$8,122$4,506$2,444$107
45 years$22,973$13,525$7,627$4,162$2,218$89
46 years$22,219$12,902$7,163$3,844$2,014$75
47 years$21,500$12,312$6,730$3,552$1,829$62
48 years$20,813$11,754$6,324$3,282$1,661$52
49 years$20,156$11,224$5,944$3,033$1,509$43
50 years$19,527$10,722$5,588$2,803$1,370$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $20,000,000, adding $6,394 every year, while hoping to spend $40,354 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: 76/15/9 Blend
70$20,000,000$20,000,000$20,000,000$20,000,000
71$22,046,595$20,986,595$20,676,595$23,689,359
72$24,252,412$21,972,002$21,326,325$25,756,616
73$26,681,869$23,004,342$21,996,468$28,016,226
74$29,357,736$24,085,870$22,687,666$30,491,911
75$32,305,102$25,218,955$23,400,580$33,205,118
76$35,551,615$26,406,076$24,135,892$36,179,456
77$39,127,741$27,649,836$24,894,306$39,440,918
78$43,067,053$28,952,960$25,676,547$43,018,115
79$47,406,545$30,318,308$26,483,364$46,942,554
80$52,186,985$31,748,878$27,315,530$51,248,920
81$57,453,297$33,247,812$28,173,839$55,975,407
82$63,254,985$34,818,406$29,059,114$61,164,070
83$69,646,600$36,464,115$29,972,201$66,861,221
84$76,688,258$38,188,561$30,913,975$73,117,858
85$84,446,203$39,995,543$31,885,335$79,990,144
86$92,993,433$41,889,043$32,887,212$87,539,930
87$102,410,394$43,873,236$33,920,564$95,835,337
88$112,785,731$45,952,501$34,986,380$104,951,387
89$124,217,130$48,131,429$36,085,679$114,970,714
90$136,812,242$50,414,833$37,219,512$125,984,330
91$150,689,690$52,807,760$38,388,966$138,092,482
92$165,980,201$55,315,502$39,595,159$151,405,592
93$182,827,828$57,943,609$40,839,244$166,045,289
94$201,391,320$60,697,898$42,122,411$182,145,554
95$221,845,611$63,584,472$43,445,889$199,853,973
96$244,383,481$66,609,729$44,810,943$219,333,127
97$269,217,366$69,780,375$46,218,880$240,762,113
98$296,581,370$73,103,447$47,671,046$264,338,231
99$326,733,474$76,586,320$49,168,830$290,278,833
100$359,957,968$80,236,729$50,713,665$318,823,370