Can I retire at age 71 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,318,873
2 years$699,060$686,041$673,423$661,189$649,323$604,710
3 years$461,411$448,335$435,749$423,630$411,957$368,837
4 years$342,609$329,574$317,114$305,202$293,811$252,514
5 years$271,347$258,390$246,093$234,424$223,351$183,986
6 years$223,855$210,995$198,880$187,471$176,730$139,330
7 years$189,945$177,193$165,270$154,130$143,729$108,290
8 years$164,524$151,887$140,162$129,296$119,237$85,733
9 years$144,762$132,245$120,722$110,132$100,415$68,806
10 years$128,962$116,568$105,248$94,934$85,558$55,796
11 years$116,044$103,773$92,659$82,621$73,583$45,611
12 years$105,286$93,141$82,232$72,470$63,765$37,522
13 years$96,190$84,173$73,469$63,980$55,605$31,024
14 years$88,400$76,511$66,012$56,794$48,743$25,756
15 years$81,655$69,894$59,600$50,651$42,917$21,454
16 years$75,759$64,126$54,036$45,352$37,930$17,919
17 years$70,563$59,058$49,171$40,749$33,631$15,000
18 years$65,948$54,572$44,887$36,723$29,904$12,580
19 years$61,824$50,577$41,092$33,182$26,654$10,567
20 years$58,117$46,998$37,712$30,053$23,808$8,887
21 years$54,768$43,777$34,688$27,275$21,305$7,482
22 years$51,727$40,864$31,970$24,799$19,097$6,305
23 years$48,955$38,220$29,519$22,585$17,143$5,317
24 years$46,417$35,809$27,300$20,599$15,408$4,487
25 years$44,086$33,605$25,285$18,812$13,865$3,789
26 years$41,938$31,584$23,451$17,201$12,489$3,200
27 years$39,953$29,724$21,776$15,744$11,260$2,704
28 years$38,112$28,009$20,244$14,425$10,160$2,286
29 years$36,402$26,423$18,838$13,228$9,174$1,933
30 years$34,808$24,954$17,547$12,140$8,290$1,634
31 years$33,320$23,589$16,359$11,150$7,495$1,382
32 years$31,928$22,320$15,263$10,247$6,779$1,170
33 years$30,624$21,138$14,251$9,423$6,135$990
34 years$29,398$20,034$13,315$8,670$5,555$837
35 years$28,245$19,002$12,449$7,981$5,031$709
36 years$27,159$18,035$11,646$7,350$4,559$600
37 years$26,133$17,130$10,900$6,772$4,132$508
38 years$25,164$16,279$10,208$6,242$3,746$430
39 years$24,247$15,480$9,563$5,756$3,397$364
40 years$23,378$14,728$8,964$5,309$3,081$308
41 years$22,554$14,020$8,405$4,898$2,795$261
42 years$21,771$13,352$7,884$4,520$2,536$221
43 years$21,026$12,722$7,398$4,173$2,302$187
44 years$20,317$12,126$6,945$3,853$2,089$158
45 years$19,642$11,564$6,521$3,558$1,897$134
46 years$18,998$11,031$6,125$3,287$1,722$113
47 years$18,383$10,527$5,754$3,037$1,564$96
48 years$17,795$10,049$5,407$2,806$1,420$81
49 years$17,233$9,597$5,082$2,593$1,290$69
50 years$16,696$9,167$4,778$2,397$1,172$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $17,100,000, adding $2,139 every year, while hoping to spend $54,775 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: 77/11/12 Blend
70$17,100,000$17,100,000$17,100,000$17,100,000
71$18,846,406$17,940,106$17,675,056$20,253,905
72$20,710,460$18,760,891$18,208,891$22,001,865
73$22,762,811$19,620,059$18,758,772$23,910,864
74$25,022,608$20,519,432$19,325,182$26,002,583
75$27,510,951$21,460,922$19,908,612$28,295,209
76$30,251,090$22,446,529$20,509,573$30,808,765
77$33,268,645$23,478,353$21,128,588$33,565,296
78$36,591,847$24,558,592$21,766,195$36,589,079
79$40,251,804$25,689,552$22,422,952$39,906,846
80$44,282,796$26,873,648$23,099,429$43,548,034
81$48,722,596$28,113,412$23,796,215$47,545,061
82$53,612,829$29,411,497$24,513,916$51,933,628
83$58,999,362$30,770,685$25,253,157$56,753,055
84$64,932,740$32,193,892$26,014,580$62,046,645
85$71,468,659$33,684,171$26,798,848$67,862,096
86$78,668,493$35,244,727$27,606,641$74,251,941
87$86,599,877$36,878,916$28,438,661$81,274,043
88$95,337,339$38,590,258$29,295,630$88,992,139
89$104,963,006$40,382,439$30,178,293$97,476,435
90$115,567,382$42,259,327$31,087,414$106,804,269
91$127,250,195$44,224,975$32,023,783$117,060,830
92$140,121,346$46,283,629$32,988,210$128,339,964
93$154,301,940$48,439,744$33,981,533$140,745,051
94$169,925,434$50,697,988$35,004,610$154,389,981
95$187,138,892$53,063,253$36,058,329$169,400,219
96$206,104,377$55,540,670$37,143,600$185,913,985
97$227,000,477$58,135,616$38,261,364$204,083,557
98$250,023,992$60,853,728$39,412,586$224,076,699
99$275,391,794$63,700,916$40,598,263$246,078,240
100$303,342,871$66,683,375$41,819,419$270,291,814