Can I retire at age 71 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,537,931
2 years$805,350$790,351$775,815$761,721$748,050$714,984
3 years$531,567$516,503$502,004$488,042$474,594$442,468
4 years$394,702$379,685$365,330$351,607$338,484$307,546
5 years$312,605$297,677$283,511$270,068$257,310$227,648
6 years$257,891$243,076$229,119$215,975$203,601$175,246
7 years$218,825$204,135$190,399$177,565$165,582$138,540
8 years$189,539$174,981$161,474$148,955$137,366$111,628
9 years$166,773$152,353$139,077$126,877$115,682$91,230
10 years$148,571$134,291$121,251$109,369$98,567$75,377
11 years$133,688$119,552$106,747$95,184$84,771$62,814
12 years$121,294$107,303$94,735$83,489$73,461$52,703
13 years$110,815$96,971$84,640$73,708$64,059$44,465
14 years$101,841$88,144$76,049$65,430$56,154$37,685
15 years$94,071$80,521$68,662$58,352$49,442$32,059
16 years$87,278$73,876$62,253$52,248$43,697$27,357
17 years$81,291$68,037$56,647$46,944$38,745$23,407
18 years$75,975$62,870$51,712$42,306$34,450$20,070
19 years$71,225$58,267$47,339$38,227$30,706$17,242
20 years$66,954$54,144$43,446$34,622$27,427$14,835
21 years$63,095$50,433$39,962$31,422$24,544$12,782
22 years$59,592$47,078$36,831$28,570$22,001$11,026
23 years$56,398$44,031$34,007$26,019$19,749$9,520
24 years$53,475$41,254$31,451$23,731$17,751$8,227
25 years$50,790$38,715$29,130$21,672$15,973$7,114
26 years$48,315$36,386$27,016$19,816$14,388$6,156
27 years$46,027$34,243$25,087$18,138$12,972$5,330
28 years$43,907$32,267$23,322$16,618$11,705$4,617
29 years$41,936$30,440$21,703$15,239$10,569$4,001
30 years$40,101$28,748$20,215$13,986$9,550$3,468
31 years$38,387$27,176$18,846$12,845$8,634$3,007
32 years$36,783$25,714$17,584$11,805$7,810$2,608
33 years$35,280$24,352$16,418$10,856$7,068$2,263
34 years$33,868$23,080$15,340$9,988$6,399$1,963
35 years$32,540$21,891$14,342$9,195$5,796$1,704
36 years$31,288$20,778$13,416$8,468$5,252$1,479
37 years$30,107$19,734$12,558$7,802$4,760$1,284
38 years$28,991$18,754$11,760$7,191$4,315$1,115
39 years$27,934$17,834$11,017$6,631$3,913$968
40 years$26,933$16,967$10,327$6,116$3,549$840
41 years$25,983$16,151$9,683$5,643$3,220$730
42 years$25,081$15,382$9,083$5,208$2,922$634
43 years$24,223$14,656$8,523$4,807$2,652$550
44 years$23,406$13,970$8,001$4,439$2,407$478
45 years$22,628$13,322$7,512$4,099$2,185$415
46 years$21,886$12,708$7,056$3,787$1,984$361
47 years$21,178$12,128$6,629$3,498$1,802$313
48 years$20,501$11,577$6,229$3,233$1,636$272
49 years$19,854$11,056$5,855$2,987$1,486$236
50 years$19,234$10,561$5,505$2,761$1,350$205

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $19,700,000, adding $2,533 every year, while hoping to spend $46,460 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: 37/34/29 Blend
70$19,700,000$19,700,000$19,700,000$19,700,000
71$21,712,013$20,667,913$20,362,563$22,327,072
72$23,877,205$21,631,207$20,995,276$23,746,446
73$26,261,690$22,640,146$21,647,627$25,274,164
74$28,887,786$23,696,917$22,320,226$26,923,527
75$31,780,087$24,803,813$23,013,701$28,705,570
76$34,965,693$25,963,238$23,728,697$30,632,395
77$38,474,469$27,177,711$24,465,884$32,717,276
78$42,339,321$28,449,876$25,225,947$34,974,780
79$46,596,513$29,782,501$26,009,598$37,420,894
80$51,286,004$31,178,490$26,817,566$40,073,164
81$56,451,827$32,640,886$27,650,605$42,950,857
82$62,142,506$34,172,882$28,509,492$46,075,130
83$68,411,510$35,777,822$29,395,029$49,469,216
84$75,317,763$37,459,214$30,308,041$53,158,641
85$82,926,194$39,220,735$31,249,380$57,171,445
86$91,308,355$41,066,240$32,219,923$61,538,441
87$100,543,092$42,999,771$33,220,576$66,293,491
88$110,717,294$45,025,565$34,252,271$71,473,813
89$121,926,706$47,148,066$35,315,970$77,120,320
90$134,276,840$49,371,931$36,412,665$83,277,993
91$147,883,966$51,702,045$37,543,378$89,996,286
92$162,876,212$54,143,527$38,709,163$97,329,587
93$179,394,772$56,701,746$39,911,106$105,337,705
94$197,595,238$59,382,331$41,150,328$114,086,425
95$217,649,071$62,191,184$42,427,983$123,648,111
96$239,745,218$65,134,493$43,745,261$134,102,366
97$264,091,893$68,218,746$45,103,391$145,536,771
98$290,918,548$71,450,747$46,503,636$158,047,688
99$320,478,035$74,837,628$47,947,303$171,741,150
100$353,048,991$78,386,869$49,435,734$186,733,840