Can I retire at age 71 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,307,441
2 years$674,532$661,969$649,794$637,990$626,540$618,175
3 years$445,221$432,604$420,460$408,766$397,502$389,325
4 years$330,588$318,010$305,987$294,493$283,502$275,574
5 years$261,826$249,324$237,459$226,199$215,514$207,859
6 years$216,000$203,592$191,902$180,893$170,529$163,157
7 years$183,280$170,976$159,471$148,722$138,686$131,601
8 years$158,751$146,558$135,244$124,759$115,053$108,255
9 years$139,683$127,605$116,486$106,267$96,891$90,378
10 years$124,437$112,478$101,555$91,603$82,556$76,325
11 years$111,972$100,132$89,407$79,722$71,001$65,047
12 years$101,592$89,873$79,347$69,927$61,528$55,846
13 years$92,815$81,219$70,891$61,735$53,654$48,238
14 years$85,299$73,826$63,696$54,802$47,032$41,877
15 years$78,790$67,441$57,509$48,873$41,411$36,509
16 years$73,101$61,876$52,140$43,761$36,599$31,944
17 years$68,087$56,986$47,446$39,319$32,451$28,035
18 years$63,634$52,657$43,312$35,434$28,854$24,669
19 years$59,655$48,802$39,650$32,018$25,718$21,757
20 years$56,078$45,349$36,389$28,998$22,972$19,226
21 years$52,846$42,241$33,470$26,318$20,558$17,018
22 years$49,912$39,431$30,848$23,929$18,427$15,087
23 years$47,237$36,879$28,483$21,793$16,541$13,392
24 years$44,789$34,553$26,342$19,876$14,867$11,902
25 years$42,540$32,426$24,398$18,152$13,378$10,588
26 years$40,467$30,475$22,628$16,597$12,051$9,427
27 years$38,551$28,681$21,012$15,192$10,865$8,401
28 years$36,775$27,026$19,533$13,919$9,804$7,491
29 years$35,124$25,496$18,177$12,764$8,852$6,684
30 years$33,587$24,078$16,932$11,714$7,999$5,967
31 years$32,151$22,762$15,785$10,759$7,232$5,330
32 years$30,808$21,537$14,727$9,887$6,541$4,763
33 years$29,549$20,396$13,751$9,092$5,920$4,258
34 years$28,367$19,331$12,848$8,366$5,360$3,807
35 years$27,254$18,335$12,012$7,701$4,855$3,406
36 years$26,206$17,403$11,237$7,092$4,399$3,047
37 years$25,216$16,529$10,518$6,535$3,987$2,727
38 years$24,281$15,708$9,849$6,023$3,614$2,442
39 years$23,397$14,937$9,228$5,554$3,277$2,186
40 years$22,558$14,211$8,649$5,123$2,973$1,958
41 years$21,763$13,528$8,110$4,726$2,697$1,753
42 years$21,007$12,883$7,608$4,362$2,447$1,571
43 years$20,288$12,275$7,139$4,026$2,221$1,407
44 years$19,604$11,701$6,701$3,718$2,016$1,261
45 years$18,953$11,158$6,292$3,433$1,830$1,130
46 years$18,331$10,644$5,910$3,171$1,662$1,012
47 years$17,738$10,158$5,552$2,930$1,509$907
48 years$17,171$9,697$5,217$2,707$1,370$813
49 years$16,629$9,260$4,904$2,502$1,245$729
50 years$16,110$8,846$4,610$2,313$1,130$654

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,500,000, adding $3,985 every year, while hoping to spend $45,787 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: 74/19/7 Blend
70$16,500,000$16,500,000$16,500,000$16,500,000
71$18,187,111$17,312,611$17,056,861$19,515,422
72$19,993,479$18,112,211$17,579,548$21,190,264
73$21,982,562$18,949,458$18,118,212$23,018,297
74$24,172,949$19,826,147$18,673,337$25,019,545
75$26,585,122$20,744,161$19,245,427$27,211,124
76$29,241,653$21,705,473$19,834,997$29,611,870
77$32,167,413$22,712,153$20,442,581$32,242,517
78$35,389,808$23,766,367$21,068,726$35,125,886
79$38,939,040$24,870,390$21,713,999$38,287,099
80$42,848,386$26,026,603$22,378,982$41,753,812
81$47,154,518$27,237,504$23,064,276$45,556,470
82$51,897,848$28,505,711$23,770,497$49,728,595
83$57,122,905$29,833,967$24,498,285$54,307,093
84$62,878,758$31,225,149$25,248,295$59,332,601
85$69,219,483$32,682,272$26,021,204$64,849,864
86$76,204,664$34,208,498$26,817,709$70,908,156
87$83,899,966$35,807,140$27,638,528$77,561,734
88$92,377,744$37,481,671$28,484,400$84,870,351
89$101,717,735$39,235,734$29,356,089$92,899,811
90$112,007,806$41,073,147$30,254,379$101,722,586
91$123,344,781$42,997,910$31,180,081$111,418,491
92$135,835,362$45,014,221$32,134,026$122,075,435
93$149,597,129$47,126,478$33,117,076$133,790,242
94$164,759,652$49,339,291$34,130,114$146,669,557
95$181,465,717$51,657,497$35,174,053$160,830,848
96$199,872,668$54,086,163$36,249,832$176,403,507
97$220,153,899$56,630,603$37,358,420$193,530,059
98$242,500,482$59,296,388$38,500,813$212,367,505
99$267,122,980$62,089,360$39,678,039$233,088,793
100$294,253,428$65,015,642$40,891,157$255,884,440