Can I retire at age 71 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,332,050
2 years$694,972$682,029$669,485$657,323$645,526$621,872
3 years$458,713$445,714$433,201$421,153$409,548$386,531
4 years$340,606$327,647$315,260$303,417$292,093$269,891
5 years$269,760$256,879$244,654$233,053$222,044$200,720
6 years$222,546$209,761$197,717$186,375$175,696$155,274
7 years$188,834$176,157$164,304$153,229$142,888$123,373
8 years$163,562$150,999$139,343$128,540$118,539$99,928
9 years$143,916$131,472$120,016$109,487$99,827$82,109
10 years$128,208$115,886$104,632$94,379$85,058$68,217
11 years$115,365$103,166$92,117$82,138$73,153$57,171
12 years$104,670$92,597$81,751$72,046$63,393$48,249
13 years$95,628$83,680$73,039$63,606$55,280$40,951
14 years$87,883$76,063$65,626$56,462$48,458$34,919
15 years$81,178$69,485$59,252$50,355$42,666$29,891
16 years$75,316$63,751$53,720$45,087$37,708$25,670
17 years$70,150$58,712$48,883$40,510$33,435$22,105
18 years$65,562$54,253$44,624$36,508$29,729$19,079
19 years$61,463$50,281$40,851$32,988$26,498$16,500
20 years$57,778$46,724$37,491$29,877$23,668$14,293
21 years$54,448$43,521$34,485$27,115$21,180$12,399
22 years$51,425$40,625$31,783$24,654$18,985$10,770
23 years$48,669$37,996$29,346$22,453$17,042$9,364
24 years$46,146$35,600$27,140$20,478$15,318$8,150
25 years$43,829$33,409$25,137$18,702$13,784$7,098
26 years$41,693$31,399$23,313$17,100$12,416$6,187
27 years$39,719$29,550$21,649$15,652$11,194$5,396
28 years$37,889$27,845$20,125$14,341$10,101$4,708
29 years$36,189$26,268$18,728$13,151$9,121$4,110
30 years$34,605$24,808$17,445$12,069$8,241$3,589
31 years$33,126$23,452$16,263$11,085$7,451$3,135
32 years$31,742$22,190$15,174$10,187$6,740$2,740
33 years$30,445$21,014$14,168$9,368$6,099$2,395
34 years$29,226$19,917$13,238$8,619$5,522$2,094
35 years$28,080$18,891$12,376$7,934$5,002$1,831
36 years$27,000$17,930$11,578$7,307$4,532$1,601
37 years$25,981$17,029$10,836$6,733$4,107$1,401
38 years$25,017$16,184$10,148$6,206$3,724$1,225
39 years$24,106$15,389$9,507$5,722$3,377$1,072
40 years$23,242$14,642$8,911$5,278$3,063$938
41 years$22,422$13,938$8,356$4,869$2,779$821
42 years$21,643$13,274$7,838$4,494$2,521$719
43 years$20,903$12,647$7,355$4,148$2,288$629
44 years$20,198$12,055$6,904$3,830$2,077$551
45 years$19,527$11,496$6,483$3,537$1,886$482
46 years$18,886$10,967$6,089$3,268$1,712$422
47 years$18,275$10,465$5,720$3,019$1,555$369
48 years$17,691$9,991$5,375$2,790$1,412$323
49 years$17,132$9,541$5,053$2,578$1,282$283
50 years$16,598$9,114$4,750$2,383$1,165$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,000,000, adding $6,421 every year, while hoping to spend $36,610 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: 56/17/27 Blend
70$17,000,000$17,000,000$17,000,000$17,000,000
71$18,740,623$17,839,623$17,576,123$19,650,589
72$20,613,214$18,674,812$18,125,971$21,111,969
73$22,675,582$19,549,698$18,693,011$22,699,037
74$24,947,046$20,466,188$19,277,781$24,427,512
75$27,448,894$21,426,280$19,880,836$26,311,043
76$30,204,583$22,432,070$20,502,746$28,364,638
77$33,239,964$23,485,755$21,144,102$30,604,806
78$36,583,521$24,589,637$21,805,510$33,049,706
79$40,266,643$25,746,132$22,487,597$35,719,315
80$44,323,918$26,957,771$23,191,009$38,635,610
81$48,793,463$28,227,207$23,916,413$41,822,772
82$53,717,280$29,557,223$24,664,497$45,307,409
83$59,141,653$30,950,737$25,435,967$49,118,803
84$65,117,586$32,410,808$26,231,557$53,289,179
85$71,701,283$33,940,642$27,052,018$57,854,004
86$78,954,682$35,543,601$27,898,128$62,852,316
87$86,946,033$37,223,211$28,770,689$68,327,089
88$95,750,548$38,983,168$29,670,527$74,325,625
89$105,451,109$40,827,347$30,598,494$80,900,002
90$116,139,047$42,759,813$31,555,469$88,107,553
91$127,915,011$44,784,825$32,542,358$96,011,403
92$140,889,912$46,906,851$33,560,097$104,681,054
93$155,185,970$49,130,574$34,609,648$114,193,036
94$170,937,874$51,460,907$35,692,005$124,631,621
95$188,294,043$53,902,998$36,808,194$136,089,606
96$207,418,039$56,462,247$37,959,271$148,669,186
97$228,490,098$59,144,317$39,146,327$162,482,903
98$251,708,844$61,955,144$40,370,484$177,654,703
99$277,293,153$64,900,953$41,632,902$194,321,095
100$305,484,227$67,988,273$42,934,777$212,632,425