Can I retire at age 71 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,537,440
2 years$797,174$782,328$767,939$753,988$740,456$722,821
3 years$526,170$511,260$496,907$483,087$469,776$452,570
4 years$390,695$375,830$361,621$348,037$335,048$318,405
5 years$309,431$294,655$280,633$267,326$254,698$238,666
6 years$255,273$240,608$226,793$213,783$201,534$186,133
7 years$216,603$202,062$188,466$175,763$163,901$149,137
8 years$187,615$173,205$159,834$147,443$135,972$121,844
9 years$165,080$150,806$137,665$125,589$114,508$101,010
10 years$147,062$132,928$120,020$108,259$97,566$84,690
11 years$132,330$118,338$105,663$94,217$83,910$71,645
12 years$120,063$106,214$93,774$82,641$72,715$61,047
13 years$109,690$95,986$83,780$72,960$63,409$52,324
14 years$100,807$87,249$75,277$64,766$55,584$45,067
15 years$93,116$79,703$67,965$57,760$48,940$38,975
16 years$86,392$73,126$61,620$51,717$43,254$33,822
17 years$80,466$67,347$56,072$46,468$38,352$29,436
18 years$75,204$62,231$51,187$41,877$34,101$25,683
19 years$70,501$57,675$46,859$37,839$30,395$22,456
20 years$66,274$53,595$43,005$34,271$27,149$19,670
21 years$62,455$49,921$39,556$31,103$24,295$17,258
22 years$58,987$46,600$36,457$28,280$21,777$15,162
23 years$55,826$43,584$33,662$25,755$19,549$13,337
24 years$52,932$40,835$31,131$23,490$17,571$11,743
25 years$50,274$38,322$28,834$21,452$15,811$10,350
26 years$47,824$36,016$26,742$19,615$14,242$9,129
27 years$45,560$33,896$24,832$17,954$12,840$8,058
28 years$43,461$31,940$23,085$16,450$11,586$7,117
29 years$41,511$30,131$21,482$15,085$10,462$6,289
30 years$39,694$28,456$20,010$13,844$9,453$5,560
31 years$37,997$26,900$18,655$12,715$8,546$4,918
32 years$36,410$25,453$17,405$11,685$7,731$4,351
33 years$34,922$24,105$16,251$10,745$6,996$3,851
34 years$33,524$22,846$15,184$9,887$6,334$3,410
35 years$32,209$21,669$14,196$9,101$5,737$3,019
36 years$30,971$20,567$13,280$8,382$5,198$2,675
37 years$29,801$19,534$12,430$7,723$4,711$2,369
38 years$28,696$18,564$11,640$7,118$4,271$2,100
39 years$27,651$17,653$10,906$6,564$3,873$1,861
40 years$26,660$16,795$10,222$6,054$3,513$1,649
41 years$25,719$15,987$9,585$5,585$3,187$1,462
42 years$24,826$15,226$8,991$5,155$2,892$1,296
43 years$23,977$14,507$8,437$4,758$2,625$1,149
44 years$23,169$13,828$7,919$4,394$2,383$1,019
45 years$22,399$13,186$7,436$4,058$2,163$904
46 years$21,664$12,579$6,984$3,748$1,964$801
47 years$20,963$12,005$6,561$3,463$1,783$711
48 years$20,293$11,460$6,166$3,200$1,619$630
49 years$19,652$10,944$5,796$2,957$1,471$559
50 years$19,039$10,454$5,449$2,733$1,336$496

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,500,000, adding $6,645 every year, while hoping to spend $51,703 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: 37/47/16 Blend
70$19,500,000$19,500,000$19,500,000$19,500,000
71$21,495,854$20,462,354$20,160,104$22,186,496
72$23,633,420$21,409,998$20,780,456$23,631,956
73$25,987,284$22,402,344$21,419,857$25,186,823
74$28,579,455$23,441,526$22,078,890$26,865,199
75$31,434,184$24,529,786$22,758,158$28,678,176
76$34,578,193$25,669,468$23,458,278$30,637,909
77$38,040,930$26,863,032$24,179,891$32,757,725
78$41,854,842$28,113,058$24,923,655$35,052,232
79$46,055,686$29,422,248$25,690,247$37,537,455
80$50,682,863$30,793,435$26,480,368$40,230,974
81$55,779,791$32,229,589$27,294,736$43,152,073
82$61,394,315$33,733,824$28,134,095$46,321,920
83$67,579,157$35,309,404$28,999,209$49,763,747
84$74,392,416$36,959,750$29,890,868$53,503,061
85$81,898,113$38,688,448$30,809,883$57,567,869
86$90,166,798$40,499,260$31,757,091$61,988,929
87$99,276,214$42,396,126$32,733,356$66,800,026
88$109,312,031$44,383,179$33,739,566$72,038,276
89$120,368,654$46,464,751$34,776,639$77,744,460
90$132,550,118$48,645,385$35,845,517$83,963,392
91$145,971,062$50,929,841$36,947,174$90,744,323
92$160,757,819$53,323,112$38,082,613$98,141,393
93$177,049,604$55,830,431$39,252,867$106,214,115
94$194,999,826$58,457,285$40,459,001$115,027,922
95$214,777,543$61,209,427$41,702,112$124,654,764
96$236,569,050$64,092,887$42,983,331$135,173,762
97$260,579,643$67,113,988$44,303,823$146,671,933
98$287,035,555$70,279,361$45,664,788$159,244,988
99$316,186,088$73,595,957$47,067,465$172,998,211
100$348,305,972$77,071,061$48,513,128$188,047,423