Can I retire at age 71 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,250,960
2 years$662,268$649,934$637,980$626,390$615,148$574,362
3 years$437,126$424,739$412,815$401,334$390,275$350,833
4 years$324,577$312,228$300,424$289,139$278,348$240,552
5 years$257,066$244,791$233,141$222,086$211,595$175,548
6 years$212,073$199,890$188,413$177,604$167,428$133,159
7 years$179,948$167,867$156,572$146,018$136,164$103,670
8 years$155,865$143,893$132,785$122,491$112,961$82,221
9 years$137,143$125,285$114,368$104,335$95,130$66,109
10 years$122,175$110,433$99,709$89,938$81,055$53,710
11 years$109,936$98,312$87,782$78,273$69,710$43,991
12 years$99,744$88,239$77,904$68,656$60,409$36,261
13 years$91,127$79,742$69,602$60,613$52,678$30,043
14 years$83,748$72,484$62,538$53,805$46,177$24,994
15 years$77,358$66,215$56,463$47,985$40,658$20,863
16 years$71,772$60,751$51,192$42,965$35,934$17,463
17 years$66,849$55,950$46,583$38,604$31,861$14,651
18 years$62,477$51,700$42,524$34,790$28,330$12,315
19 years$58,570$47,915$38,929$31,436$25,251$10,367
20 years$55,059$44,525$35,727$28,471$22,555$8,739
21 years$51,886$41,473$32,862$25,839$20,184$7,375
22 years$49,005$38,714$30,287$23,494$18,092$6,229
23 years$46,378$36,208$27,965$21,396$16,240$5,266
24 years$43,974$33,925$25,863$19,515$14,597$4,454
25 years$41,766$31,837$23,954$17,822$13,135$3,770
26 years$39,731$29,921$22,216$16,295$11,832$3,192
27 years$37,850$28,159$20,630$14,916$10,667$2,704
28 years$36,106$26,534$19,178$13,666$9,625$2,291
29 years$34,486$25,032$17,847$12,532$8,691$1,942
30 years$32,976$23,640$16,624$11,501$7,853$1,646
31 years$31,567$22,348$15,498$10,563$7,100$1,396
32 years$30,248$21,146$14,460$9,708$6,423$1,184
33 years$29,012$20,025$13,501$8,927$5,812$1,004
34 years$27,851$18,979$12,615$8,214$5,262$852
35 years$26,759$18,002$11,794$7,561$4,766$723
36 years$25,729$17,086$11,033$6,964$4,319$613
37 years$24,758$16,228$10,327$6,416$3,914$520
38 years$23,840$15,422$9,670$5,914$3,549$442
39 years$22,971$14,665$9,060$5,453$3,218$375
40 years$22,148$13,953$8,492$5,029$2,919$318
41 years$21,367$13,282$7,963$4,640$2,648$270
42 years$20,625$12,649$7,469$4,282$2,403$229
43 years$19,919$12,052$7,009$3,953$2,181$194
44 years$19,248$11,488$6,579$3,650$1,979$165
45 years$18,608$10,955$6,178$3,371$1,797$140
46 years$17,998$10,451$5,802$3,114$1,631$119
47 years$17,415$9,973$5,451$2,877$1,481$101
48 years$16,858$9,521$5,122$2,658$1,345$86
49 years$16,326$9,092$4,815$2,457$1,222$73
50 years$15,817$8,685$4,527$2,271$1,110$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,200,000, adding $5,563 every year, while hoping to spend $46,259 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: 55/35/10 Blend
70$16,200,000$16,200,000$16,200,000$16,200,000
71$17,858,138$16,999,538$16,748,438$18,795,710
72$19,630,449$17,783,296$17,260,292$20,214,774
73$21,581,985$18,603,908$17,787,742$21,753,518
74$23,730,979$19,463,131$18,331,262$23,427,782
75$26,097,520$20,362,806$18,891,341$25,250,469
76$28,703,747$21,304,863$19,468,481$27,235,757
77$31,574,054$22,291,326$20,063,200$29,399,229
78$34,735,322$23,324,316$20,676,031$31,758,010
79$38,217,172$24,406,054$21,307,525$34,330,928
80$42,052,244$25,538,871$21,958,248$37,138,678
81$46,276,506$26,725,209$22,628,782$40,204,020
82$50,929,593$27,967,628$23,319,731$43,551,977
83$56,055,182$29,268,812$24,031,711$47,210,070
84$61,701,399$30,631,572$24,765,362$51,208,570
85$67,921,281$32,058,859$25,521,342$55,580,772
86$74,773,271$33,553,762$26,300,326$60,363,302
87$82,321,771$35,119,522$27,103,012$65,596,458
88$90,637,748$36,759,536$27,930,120$71,324,573
89$99,799,409$38,477,364$28,782,390$77,596,434
90$109,892,933$40,276,738$29,660,584$84,465,721
91$121,013,286$42,161,572$30,565,487$91,991,513
92$133,265,120$44,135,969$31,497,910$100,238,830
93$146,763,759$46,204,228$32,458,687$109,279,233
94$161,636,285$48,370,857$33,448,675$119,191,492
95$178,022,741$50,640,585$34,468,761$130,062,315
96$196,077,452$53,018,365$35,519,856$141,987,150
97$215,970,480$55,509,392$36,602,899$155,071,077
98$237,889,230$58,119,113$37,718,857$169,429,783
99$262,040,220$60,853,239$38,868,728$185,190,637
100$288,651,029$63,717,754$40,053,537$202,493,880