Can I retire at age 71 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,492,206
2 years$784,910$770,292$756,124$742,388$729,064$690,197
3 years$518,075$503,394$489,263$475,655$462,548$424,858
4 years$384,684$370,048$356,058$342,683$329,893$293,670
5 years$304,671$290,122$276,316$263,213$250,780$216,124
6 years$251,346$236,907$223,304$210,494$198,433$165,380
7 years$213,271$198,954$185,567$173,059$161,380$129,931
8 years$184,728$170,540$157,375$145,175$133,880$104,022
9 years$162,540$148,486$135,547$123,656$112,746$84,453
10 years$144,800$130,883$118,173$106,593$96,065$69,304
11 years$130,295$116,517$104,038$92,768$82,619$57,350
12 years$118,216$104,580$92,331$81,370$71,596$47,774
13 years$108,003$94,510$82,492$71,837$62,433$40,011
14 years$99,257$85,907$74,119$63,769$54,729$33,656
15 years$91,683$78,477$66,919$56,871$48,187$28,413
16 years$85,063$72,001$60,672$50,922$42,588$24,057
17 years$79,228$66,311$55,209$45,753$37,762$20,420
18 years$74,047$61,274$50,399$41,233$33,576$17,369
19 years$69,417$56,788$46,138$37,257$29,927$14,799
20 years$65,255$52,770$42,343$33,743$26,731$12,628
21 years$61,494$49,153$38,947$30,624$23,921$10,789
22 years$58,080$45,883$35,896$27,845$21,442$9,227
23 years$54,967$42,913$33,144$25,359$19,248$7,899
24 years$52,118$40,207$30,652$23,128$17,300$6,767
25 years$49,501$37,732$28,390$21,122$15,568$5,801
26 years$47,089$35,462$26,330$19,313$14,023$4,975
27 years$44,859$33,374$24,450$17,678$12,643$4,270
28 years$42,793$31,448$22,730$16,197$11,408$3,665
29 years$40,872$29,668$21,152$14,853$10,301$3,148
30 years$39,083$28,018$19,702$13,631$9,308$2,704
31 years$37,412$26,486$18,368$12,519$8,415$2,323
32 years$35,850$25,062$17,137$11,505$7,612$1,997
33 years$34,384$23,734$16,001$10,580$6,889$1,716
34 years$33,008$22,494$14,951$9,735$6,237$1,476
35 years$31,714$21,335$13,978$8,961$5,649$1,269
36 years$30,494$20,250$13,076$8,253$5,118$1,091
37 years$29,343$19,233$12,239$7,604$4,639$938
38 years$28,255$18,278$11,461$7,009$4,206$807
39 years$27,225$17,381$10,738$6,463$3,814$694
40 years$26,249$16,537$10,065$5,961$3,459$597
41 years$25,324$15,741$9,437$5,500$3,138$514
42 years$24,444$14,991$8,853$5,075$2,848$442
43 years$23,608$14,284$8,307$4,685$2,584$380
44 years$22,812$13,615$7,798$4,326$2,346$327
45 years$22,054$12,984$7,322$3,995$2,130$282
46 years$21,331$12,386$6,877$3,690$1,934$242
47 years$20,640$11,820$6,460$3,410$1,756$208
48 years$19,980$11,284$6,071$3,151$1,595$179
49 years$19,350$10,775$5,706$2,912$1,448$154
50 years$18,746$10,293$5,365$2,691$1,315$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,200,000, adding $4,261 every year, while hoping to spend $32,299 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: 47/27/26 Blend
70$19,200,000$19,200,000$19,200,000$19,200,000
71$21,162,795$20,145,195$19,847,595$21,999,722
72$23,287,034$21,097,944$20,478,124$23,541,935
73$25,626,864$22,096,295$21,128,693$25,211,479
74$28,204,239$23,142,448$21,799,939$27,023,156
75$31,043,354$24,238,711$22,492,520$28,990,326
76$34,170,871$25,387,503$23,207,114$31,127,666
77$37,616,170$26,591,360$23,944,422$33,451,300
78$41,411,625$27,852,943$24,705,166$35,978,943
79$45,592,912$29,175,038$25,490,090$38,730,065
80$50,199,345$30,560,572$26,299,965$41,726,061
81$55,274,248$32,012,609$27,135,583$44,990,452
82$60,865,359$33,534,365$27,997,763$48,549,096
83$67,025,288$35,129,211$28,887,350$52,430,422
84$73,812,006$36,800,681$29,805,216$56,665,691
85$81,289,400$38,552,483$30,752,259$61,289,285
86$89,527,867$40,388,504$31,729,408$66,339,016
87$98,604,987$42,312,818$32,737,621$71,856,477
88$108,606,249$44,329,700$33,777,885$77,887,422
89$119,625,862$46,443,631$34,851,220$84,482,189
90$131,767,642$48,659,310$35,958,677$91,696,162
91$145,145,991$50,981,666$37,101,343$99,590,283
92$159,886,981$53,415,866$38,280,336$108,231,613
93$176,129,538$55,967,329$39,496,813$117,693,954
94$194,026,760$58,641,737$40,751,965$128,058,531
95$213,747,357$61,445,050$42,047,023$139,414,744
96$235,477,246$64,383,515$43,383,257$151,860,998
97$259,421,304$67,463,687$44,761,976$165,505,615
98$285,805,306$70,692,437$46,184,531$180,467,843
99$314,878,052$74,076,970$47,652,317$196,878,961
100$346,913,717$77,624,845$49,166,773$214,883,502