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

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 $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%18.4%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,540,695
2 years$817,615$802,387$787,630$773,321$759,442$705,447
3 years$539,662$524,369$509,648$495,474$481,821$429,659
4 years$400,713$385,467$370,894$356,961$343,639$293,709
5 years$317,365$302,211$287,829$274,180$261,229$213,663
6 years$261,818$246,778$232,608$219,264$206,701$161,538
7 years$222,157$207,243$193,299$180,269$168,104$125,335
8 years$192,425$177,646$163,933$151,223$139,458$99,052
9 years$169,313$154,673$141,195$128,809$117,444$79,350
10 years$150,833$136,336$123,097$111,034$100,068$64,225
11 years$135,724$121,372$108,373$96,633$86,062$52,399
12 years$123,141$108,937$96,178$84,760$74,579$43,020
13 years$112,503$98,447$85,929$74,831$65,035$35,498
14 years$103,392$89,486$77,207$66,426$57,009$29,409
15 years$95,503$81,747$69,708$59,241$50,195$24,444
16 years$88,608$75,001$63,201$53,044$44,363$20,373
17 years$82,529$69,073$57,510$47,659$39,335$17,017
18 years$77,132$63,827$52,499$42,951$34,975$14,239
19 years$72,309$59,154$48,060$38,809$31,174$11,933
20 years$67,974$54,969$44,107$35,149$27,845$10,013
21 years$64,056$51,201$40,570$31,900$24,918$8,411
22 years$60,500$47,795$37,392$29,005$22,336$7,071
23 years$57,257$44,701$34,525$26,415$20,050$5,949
24 years$54,289$41,882$31,930$24,092$18,021$5,008
25 years$51,563$39,304$29,573$22,002$16,216$4,218
26 years$49,051$36,940$27,428$20,118$14,607$3,555
27 years$46,728$34,765$25,469$18,414$13,170$2,996
28 years$44,576$32,759$23,677$16,871$11,883$2,527
29 years$42,575$30,904$22,033$15,471$10,730$2,131
30 years$40,711$29,186$20,523$14,199$9,695$1,798
31 years$38,971$27,590$19,133$13,041$8,766$1,517
32 years$37,343$26,106$17,851$11,985$7,929$1,280
33 years$35,817$24,723$16,668$11,021$7,176$1,080
34 years$34,384$23,431$15,574$10,140$6,497$912
35 years$33,035$22,224$14,560$9,335$5,884$770
36 years$31,765$21,094$13,621$8,597$5,332$650
37 years$30,565$20,035$12,749$7,921$4,832$549
38 years$29,432$19,040$11,939$7,301$4,381$463
39 years$28,360$18,105$11,185$6,732$3,973$391
40 years$27,343$17,226$10,484$6,209$3,603$330
41 years$26,379$16,397$9,831$5,729$3,269$279
42 years$25,463$15,616$9,221$5,287$2,966$236
43 years$24,592$14,879$8,653$4,880$2,692$199
44 years$23,763$14,183$8,122$4,506$2,444$168
45 years$22,973$13,525$7,627$4,162$2,218$142
46 years$22,219$12,902$7,163$3,844$2,014$120
47 years$21,500$12,312$6,730$3,552$1,829$101
48 years$20,813$11,754$6,324$3,282$1,661$85
49 years$20,156$11,224$5,944$3,033$1,509$72
50 years$19,527$10,722$5,588$2,803$1,370$61

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 $6,899 every year, while hoping to spend $30,950 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: 54/33/13 Blend
70$20,000,000$20,000,000$20,000,000$20,000,000
71$22,047,116$20,987,116$20,677,116$23,162,444
72$24,262,992$21,982,554$21,336,869$24,917,327
73$26,703,849$23,025,732$22,017,686$26,822,498
74$29,392,604$24,118,955$22,720,241$28,895,436
75$32,354,508$25,264,642$23,445,228$31,152,098
76$35,617,387$26,465,329$24,193,363$33,610,016
77$39,211,907$27,723,676$24,965,386$36,288,458
78$43,171,855$29,042,471$25,762,061$39,208,600
79$47,534,470$30,424,637$26,584,175$42,393,719
80$52,340,782$31,873,240$27,432,541$45,869,402
81$57,636,008$33,391,495$28,307,997$49,663,782
82$63,469,976$34,982,774$29,211,411$53,807,794
83$69,897,594$36,650,611$30,143,674$58,335,458
84$76,979,371$38,398,712$31,105,709$63,284,186
85$84,781,983$40,230,966$32,098,467$68,695,132
86$93,378,910$42,151,448$33,122,930$74,613,563
87$102,851,122$44,164,432$34,180,111$81,089,280
88$113,287,848$46,274,400$35,271,056$88,177,074
89$124,787,416$48,486,053$36,396,844$95,937,228
90$137,458,182$50,804,320$37,558,588$104,436,081
91$151,419,554$53,234,369$38,757,438$113,746,633
92$166,803,115$55,781,620$39,994,579$123,949,222
93$183,753,872$58,451,758$41,271,236$135,132,271
94$202,431,615$61,250,743$42,588,671$147,393,102
95$223,012,437$64,184,826$43,948,188$160,838,842
96$245,690,385$67,260,562$45,351,132$175,587,415
97$270,679,300$70,484,825$46,798,891$191,768,641
98$298,214,832$73,864,826$48,292,898$209,525,438
99$328,556,666$77,408,122$49,834,630$229,015,154
100$361,990,970$81,122,644$51,425,614$250,411,033