Can I retire at age 71 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,445,178
2 years$744,029$730,172$716,743$703,722$691,092$684,919
3 years$491,092$477,176$463,780$450,882$438,457$432,416
4 years$364,649$350,775$337,513$324,835$312,711$306,849
5 years$288,802$275,012$261,924$249,504$237,718$232,053
6 years$238,255$224,568$211,674$199,531$188,098$182,637
7 years$202,163$188,592$175,902$164,045$152,974$147,719
8 years$175,107$161,658$149,179$137,613$126,907$121,859
9 years$154,074$140,752$128,487$117,216$106,874$102,032
10 years$137,258$124,066$112,018$101,041$91,062$86,424
11 years$123,508$110,449$98,619$87,936$78,316$73,879
12 years$112,059$99,133$87,522$77,132$67,867$63,627
13 years$102,378$89,587$78,195$68,096$59,182$55,135
14 years$94,087$81,432$70,259$60,448$51,878$48,021
15 years$86,908$74,390$63,434$53,909$45,678$42,004
16 years$80,633$68,251$57,512$48,270$40,370$36,876
17 years$75,102$62,857$52,334$43,370$35,795$32,475
18 years$70,190$58,083$47,774$39,085$31,827$28,676
19 years$65,801$53,830$43,735$35,317$28,368$25,381
20 years$61,856$50,022$40,138$31,986$25,339$22,510
21 years$58,291$46,593$36,919$29,029$22,676$19,998
22 years$55,055$43,493$34,027$26,394$20,325$17,795
23 years$52,104$40,678$31,417$24,038$18,245$15,855
24 years$49,403$38,113$29,056$21,924$16,399$14,144
25 years$46,922$35,767$26,912$20,022$14,757$12,631
26 years$44,636$33,615$24,959$18,307$13,292$11,291
27 years$42,523$31,636$23,177$16,757$11,984$10,101
28 years$40,564$29,810$21,546$15,353$10,814$9,043
29 years$38,743$28,123$20,050$14,079$9,764$8,101
30 years$37,047$26,559$18,676$12,921$8,823$7,261
31 years$35,464$25,107$17,411$11,867$7,977$6,512
32 years$33,982$23,756$16,245$10,906$7,215$5,843
33 years$32,594$22,498$15,168$10,029$6,530$5,245
34 years$31,289$21,323$14,172$9,228$5,912$4,710
35 years$30,062$20,224$13,250$8,494$5,355$4,231
36 years$28,906$19,196$12,395$7,823$4,852$3,801
37 years$27,815$18,231$11,601$7,208$4,397$3,417
38 years$26,783$17,326$10,864$6,644$3,987$3,072
39 years$25,807$16,476$10,179$6,126$3,615$2,762
40 years$24,882$15,675$9,540$5,650$3,279$2,484
41 years$24,005$14,921$8,946$5,213$2,975$2,234
42 years$23,171$14,211$8,392$4,811$2,699$2,010
43 years$22,379$13,540$7,874$4,441$2,450$1,809
44 years$21,624$12,906$7,391$4,101$2,224$1,628
45 years$20,905$12,307$6,940$3,787$2,019$1,465
46 years$20,220$11,741$6,518$3,498$1,833$1,318
47 years$19,565$11,204$6,124$3,232$1,664$1,187
48 years$18,940$10,696$5,755$2,986$1,511$1,068
49 years$18,342$10,214$5,409$2,760$1,373$962
50 years$17,770$9,757$5,085$2,551$1,247$866

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $18,200,000, adding $6,247 every year, while hoping to spend $27,147 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: 55/36/9 Blend
70$18,200,000$18,200,000$18,200,000$18,200,000
71$20,062,844$19,098,244$18,816,144$21,122,039
72$22,080,370$20,005,174$19,417,600$22,746,011
73$24,302,773$20,955,633$20,038,296$24,509,745
74$26,750,924$21,951,726$20,678,846$26,429,387
75$29,447,817$22,995,660$21,339,887$28,519,766
76$32,418,795$24,089,749$22,022,074$30,797,178
77$35,691,783$25,236,417$22,726,084$33,279,526
78$39,297,553$26,438,210$23,452,616$35,986,488
79$43,270,016$27,697,794$24,202,391$38,939,692
80$47,646,540$29,017,968$24,976,153$42,162,911
81$52,468,303$30,401,664$25,774,670$45,682,285
82$57,780,683$31,851,959$26,598,735$49,526,550
83$63,633,684$33,372,077$27,449,165$53,727,310
84$70,082,413$34,965,402$28,326,804$58,319,319
85$77,187,591$36,635,479$29,232,525$63,340,803
86$85,016,137$38,386,028$30,167,225$68,833,807
87$93,641,789$40,220,950$31,131,834$74,844,585
88$103,145,809$42,144,334$32,127,307$81,424,024
89$113,617,744$44,160,469$33,154,635$88,628,109
90$125,156,276$46,273,854$34,214,837$96,518,444
91$137,870,147$48,489,204$35,308,965$105,162,819
92$151,879,193$50,811,466$36,438,107$114,635,834
93$167,315,471$53,245,827$37,603,383$125,019,592
94$184,324,503$55,797,727$38,805,951$136,404,457
95$203,066,656$58,472,870$40,047,004$148,889,892
96$223,718,653$61,277,238$41,327,776$162,585,382
97$246,475,238$64,217,105$42,649,539$177,611,450
98$271,551,018$67,299,050$44,013,605$194,100,776
99$299,182,491$70,529,972$45,421,330$212,199,433
100$329,630,272$73,917,107$46,874,111$232,068,243