Can I retire at age 71 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,293,668
2 years$686,796$674,005$661,609$649,590$637,931$592,068
3 years$453,316$440,470$428,105$416,198$404,730$360,431
4 years$336,599$323,792$311,551$299,847$288,657$246,261
5 years$266,587$253,857$241,776$230,312$219,432$179,052
6 years$219,927$207,293$195,391$184,182$173,629$135,297
7 years$186,612$174,085$162,371$151,426$141,207$104,915
8 years$161,637$149,223$137,703$127,028$117,145$82,865
9 years$142,223$129,925$118,604$108,199$98,653$66,342
10 years$126,700$114,523$103,402$93,269$84,057$53,662
11 years$114,008$101,953$91,033$81,172$72,292$43,753
12 years$103,439$91,507$80,790$71,199$62,647$35,898
13 years$94,503$82,696$72,180$62,858$54,629$29,601
14 years$86,849$75,168$64,854$55,798$47,888$24,506
15 years$80,223$68,668$58,555$49,762$42,164$20,355
16 years$74,430$63,001$53,088$44,557$37,265$16,952
17 years$69,325$58,022$48,308$40,034$33,041$14,149
18 years$64,791$53,615$44,099$36,078$29,379$11,831
19 years$60,740$49,690$40,371$32,600$26,186$9,907
20 years$57,098$46,174$37,050$29,526$23,390$8,307
21 years$53,807$43,009$34,079$26,796$20,931$6,972
22 years$50,820$40,148$31,409$24,364$18,762$5,857
23 years$48,096$37,549$29,001$22,189$16,842$4,924
24 years$45,603$35,181$26,821$20,237$15,138$4,142
25 years$43,313$33,016$24,841$18,482$13,622$3,486
26 years$41,203$31,029$23,039$16,899$12,270$2,935
27 years$39,252$29,202$21,394$15,468$11,062$2,472
28 years$37,444$27,517$19,888$14,172$9,982$2,083
29 years$35,763$25,959$18,508$12,996$9,013$1,755
30 years$34,198$24,516$17,239$11,927$8,144$1,480
31 years$32,736$23,176$16,072$10,954$7,363$1,247
32 years$31,368$21,929$14,995$10,067$6,660$1,052
33 years$30,086$20,767$14,001$9,258$6,028$887
34 years$28,882$19,682$13,082$8,518$5,457$748
35 years$27,750$18,668$12,231$7,841$4,943$631
36 years$26,682$17,719$11,441$7,221$4,479$532
37 years$25,675$16,829$10,709$6,654$4,059$449
38 years$24,723$15,994$10,028$6,133$3,680$379
39 years$23,822$15,208$9,396$5,655$3,337$320
40 years$22,968$14,469$8,807$5,216$3,027$270
41 years$22,158$13,774$8,258$4,812$2,746$227
42 years$21,389$13,117$7,746$4,441$2,492$192
43 years$20,657$12,498$7,269$4,100$2,261$162
44 years$19,961$11,913$6,823$3,785$2,053$137
45 years$19,297$11,361$6,406$3,496$1,863$115
46 years$18,664$10,838$6,017$3,229$1,692$97
47 years$18,060$10,342$5,653$2,983$1,536$82
48 years$17,483$9,873$5,312$2,757$1,395$69
49 years$16,931$9,428$4,993$2,548$1,267$58
50 years$16,403$9,006$4,694$2,355$1,151$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $16,800,000, adding $5,009 every year, while hoping to spend $48,094 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: 50/38/12 Blend
70$16,800,000$16,800,000$16,800,000$16,800,000
71$18,518,767$17,628,367$17,367,967$19,384,455
72$20,356,509$18,440,985$17,898,622$20,790,938
73$22,380,090$19,291,810$18,445,442$22,313,021
74$24,608,413$20,182,662$19,008,918$23,965,944
75$27,062,309$21,115,451$19,589,556$25,762,006
76$29,764,735$22,092,178$20,187,876$27,714,719
77$32,740,982$23,114,940$20,804,414$29,838,922
78$36,018,925$24,185,934$21,439,725$32,150,919
79$39,629,277$25,307,466$22,094,376$34,668,620
80$43,605,881$26,481,950$22,768,956$37,411,711
81$47,986,033$27,711,918$23,464,069$40,401,824
82$52,810,830$29,000,024$24,180,336$43,662,741
83$58,125,558$30,349,048$24,918,401$47,220,601
84$63,980,121$31,761,908$25,678,924$51,104,146
85$70,429,511$33,241,659$26,462,585$55,344,980
86$77,534,327$34,791,505$27,270,087$59,977,857
87$85,361,345$36,414,806$28,102,152$65,041,000
88$93,984,152$38,115,081$28,959,524$70,576,451
89$103,483,838$39,896,023$29,842,971$76,630,457
90$113,949,761$41,761,500$30,753,282$83,253,895
91$125,480,391$43,715,568$31,691,271$90,502,740
92$138,184,240$45,762,479$32,657,778$98,438,580
93$152,180,884$47,906,693$33,653,665$107,129,188
94$167,602,094$50,152,880$34,679,823$116,649,142
95$184,593,079$52,505,942$35,737,168$127,080,519
96$203,313,854$54,971,015$36,826,644$138,513,652
97$223,940,756$57,553,483$37,949,225$151,047,971
98$246,668,101$60,258,992$39,105,912$164,792,918
99$271,710,025$63,093,460$40,297,738$179,868,970
100$299,302,501$66,063,094$41,525,766$196,408,754