Can I retire at age 71 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,540,848
2 years$801,262$786,339$771,877$757,855$744,253$722,047
3 years$528,869$513,882$499,455$485,565$472,185$450,546
4 years$392,699$377,757$363,476$349,822$336,766$315,862
5 years$311,018$296,166$282,072$268,697$256,004$235,895
6 years$256,582$241,842$227,956$214,879$202,567$183,277
7 years$217,714$203,099$189,433$176,664$164,742$146,277
8 years$188,577$174,093$160,654$148,199$136,669$119,028
9 years$165,926$151,579$138,371$126,233$115,095$98,269
10 years$147,817$133,610$120,635$108,814$98,067$82,043
11 years$133,009$118,945$106,205$94,701$84,341$69,103
12 years$120,678$106,759$94,254$83,065$73,088$58,619
13 years$110,253$96,479$84,210$73,334$63,734$50,015
14 years$101,324$87,696$75,663$65,098$55,869$42,877
15 years$93,593$80,112$68,314$58,056$49,191$36,905
16 years$86,835$73,501$61,936$51,983$43,475$31,871
17 years$80,879$67,692$56,360$46,706$38,548$27,602
18 years$75,590$62,550$51,449$42,092$34,275$23,961
19 years$70,863$57,971$47,099$38,033$30,550$20,844
20 years$66,614$53,870$43,225$34,446$27,288$18,164
21 years$62,775$50,177$39,759$31,262$24,420$15,853
22 years$59,290$46,839$36,644$28,425$21,889$13,854
23 years$56,112$43,807$33,834$25,887$19,649$12,121
24 years$53,204$41,045$31,291$23,610$17,661$10,615
25 years$50,532$38,518$28,982$21,562$15,892$9,304
26 years$48,070$36,201$26,879$19,715$14,315$8,161
27 years$45,794$34,069$24,960$18,046$12,906$7,163
28 years$43,684$32,103$23,203$16,534$11,645$6,291
29 years$41,724$30,286$21,592$15,162$10,516$5,528
30 years$39,897$28,602$20,113$13,915$9,501$4,859
31 years$38,192$27,038$18,750$12,780$8,590$4,273
32 years$36,596$25,584$17,494$11,745$7,770$3,759
33 years$35,101$24,228$16,335$10,800$7,032$3,308
34 years$33,696$22,963$15,262$9,937$6,367$2,911
35 years$32,375$21,780$14,269$9,148$5,767$2,563
36 years$31,129$20,672$13,348$8,425$5,225$2,257
37 years$29,954$19,634$12,494$7,763$4,736$1,988
38 years$28,843$18,659$11,700$7,155$4,293$1,751
39 years$27,792$17,743$10,962$6,597$3,893$1,542
40 years$26,796$16,881$10,274$6,085$3,531$1,359
41 years$25,851$16,069$9,634$5,614$3,204$1,197
42 years$24,954$15,304$9,037$5,181$2,907$1,055
43 years$24,100$14,581$8,480$4,783$2,638$930
44 years$23,288$13,899$7,960$4,416$2,395$820
45 years$22,513$13,254$7,474$4,078$2,174$722
46 years$21,775$12,644$7,020$3,767$1,974$637
47 years$21,070$12,066$6,595$3,481$1,792$561
48 years$20,397$11,519$6,198$3,216$1,628$495
49 years$19,753$11,000$5,825$2,972$1,478$436
50 years$19,136$10,507$5,477$2,747$1,343$385

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,600,000, adding $2,396 every year, while hoping to spend $24,575 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: 68/23/9 Blend
70$19,600,000$19,600,000$19,600,000$19,600,000
71$21,601,671$20,562,871$20,259,071$23,032,823
72$23,778,894$21,544,305$20,911,603$24,964,226
73$26,177,370$22,573,004$21,585,170$27,072,464
74$28,819,641$23,651,261$22,280,453$29,377,369
75$31,730,547$24,781,475$22,998,150$31,898,203
76$34,937,462$25,966,166$23,738,987$34,656,151
77$38,470,550$27,207,975$24,503,710$37,674,526
78$42,363,050$28,509,670$25,293,089$40,978,975
79$46,651,594$29,874,156$26,107,920$44,597,722
80$51,376,546$31,304,479$26,949,024$48,561,826
81$56,582,387$32,803,832$27,817,250$52,905,471
82$62,318,135$34,375,565$28,713,472$57,666,276
83$68,637,806$36,023,189$29,638,595$62,885,651
84$75,600,925$37,750,388$30,593,551$68,609,178
85$83,273,088$39,561,025$31,579,303$74,887,032
86$91,726,578$41,459,151$32,596,845$81,774,450
87$101,041,053$43,449,013$33,647,203$89,332,244
88$111,304,293$45,535,067$34,731,437$97,627,367
89$122,613,030$47,721,985$35,850,640$106,733,536
90$135,073,863$50,014,666$37,005,940$116,731,918
91$148,804,262$52,418,249$38,198,504$127,711,889
92$163,933,676$54,938,123$39,429,533$139,771,865
93$180,604,759$57,579,940$40,700,271$153,020,225
94$198,974,713$60,349,625$42,011,999$167,576,318
95$219,216,773$63,253,396$43,366,039$183,571,583
96$241,521,842$66,297,770$44,763,760$201,150,776
97$266,100,294$69,489,585$46,206,570$220,473,322
98$293,183,960$72,836,011$47,695,926$241,714,812
99$323,028,315$76,344,566$49,233,331$265,068,643
100$355,914,891$80,023,138$50,820,335$290,747,831