Can I retire at age 71 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,579,488
2 years$817,615$802,387$787,630$773,321$759,442$743,989
3 years$539,662$524,369$509,648$495,474$481,821$466,734
4 years$400,713$385,467$370,894$356,961$343,639$329,034
5 years$317,365$302,211$287,829$274,180$261,229$247,149
6 years$261,818$246,778$232,608$219,264$206,701$193,165
7 years$222,157$207,243$193,299$180,269$168,104$155,116
8 years$192,425$177,646$163,933$151,223$139,458$127,018
9 years$169,313$154,673$141,195$128,809$117,444$105,548
10 years$150,833$136,336$123,097$111,034$100,068$88,709
11 years$135,724$121,372$108,373$96,633$86,062$75,230
12 years$123,141$108,937$96,178$84,760$74,579$64,265
13 years$112,503$98,447$85,929$74,831$65,035$55,225
14 years$103,392$89,486$77,207$66,426$57,009$47,692
15 years$95,503$81,747$69,708$59,241$50,195$41,356
16 years$88,608$75,001$63,201$53,044$44,363$35,987
17 years$82,529$69,073$57,510$47,659$39,335$31,409
18 years$77,132$63,827$52,499$42,951$34,975$27,482
19 years$72,309$59,154$48,060$38,809$31,174$24,098
20 years$67,974$54,969$44,107$35,149$27,845$21,171
21 years$64,056$51,201$40,570$31,900$24,918$18,630
22 years$60,500$47,795$37,392$29,005$22,336$16,417
23 years$57,257$44,701$34,525$26,415$20,050$14,485
24 years$54,289$41,882$31,930$24,092$18,021$12,794
25 years$51,563$39,304$29,573$22,002$16,216$11,311
26 years$49,051$36,940$27,428$20,118$14,607$10,008
27 years$46,728$34,765$25,469$18,414$13,170$8,862
28 years$44,576$32,759$23,677$16,871$11,883$7,852
29 years$42,575$30,904$22,033$15,471$10,730$6,961
30 years$40,711$29,186$20,523$14,199$9,695$6,175
31 years$38,971$27,590$19,133$13,041$8,766$5,479
32 years$37,343$26,106$17,851$11,985$7,929$4,864
33 years$35,817$24,723$16,668$11,021$7,176$4,320
34 years$34,384$23,431$15,574$10,140$6,497$3,837
35 years$33,035$22,224$14,560$9,335$5,884$3,409
36 years$31,765$21,094$13,621$8,597$5,332$3,030
37 years$30,565$20,035$12,749$7,921$4,832$2,694
38 years$29,432$19,040$11,939$7,301$4,381$2,395
39 years$28,360$18,105$11,185$6,732$3,973$2,130
40 years$27,343$17,226$10,484$6,209$3,603$1,894
41 years$26,379$16,397$9,831$5,729$3,269$1,685
42 years$25,463$15,616$9,221$5,287$2,966$1,499
43 years$24,592$14,879$8,653$4,880$2,692$1,334
44 years$23,763$14,183$8,122$4,506$2,444$1,187
45 years$22,973$13,525$7,627$4,162$2,218$1,056
46 years$22,219$12,902$7,163$3,844$2,014$940
47 years$21,500$12,312$6,730$3,552$1,829$836
48 years$20,813$11,754$6,324$3,282$1,661$744
49 years$20,156$11,224$5,944$3,033$1,509$663
50 years$19,527$10,722$5,588$2,803$1,370$590

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $20,000,000, adding $2,718 every year, while hoping to spend $49,766 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: 64/17/19 Blend
70$20,000,000$20,000,000$20,000,000$20,000,000
71$22,042,804$20,982,804$20,672,804$23,347,403
72$24,238,219$21,958,010$21,312,392$25,199,746
73$26,655,899$22,979,334$21,971,738$27,216,625
74$29,318,461$24,048,983$22,651,453$29,418,838
75$32,250,831$25,169,269$23,352,163$31,824,497
76$35,480,471$26,342,619$24,074,516$34,453,532
77$39,037,646$27,571,575$24,819,179$37,327,873
78$42,955,706$28,858,801$25,586,842$40,471,651
79$47,271,399$30,207,093$26,378,211$43,911,422
80$52,025,220$31,619,379$27,194,020$47,676,412
81$57,261,793$33,098,729$28,035,020$51,798,788
82$63,030,291$34,648,363$28,901,989$56,313,960
83$69,384,902$36,271,654$29,795,727$61,260,902
84$76,385,337$37,972,140$30,717,058$66,682,521
85$84,097,397$39,753,530$31,666,835$72,626,055
86$92,593,590$41,619,712$32,645,933$79,143,506
87$101,953,820$43,574,762$33,655,256$86,292,135
88$112,266,138$45,622,953$34,695,735$94,134,987
89$123,627,573$47,768,766$35,768,331$102,741,481
90$136,145,048$50,016,898$36,874,032$112,188,063
91$149,936,390$52,372,274$38,013,860$122,558,910
92$165,131,443$54,840,056$39,188,865$133,946,727
93$181,873,289$57,425,658$40,400,132$146,453,605
94$200,319,605$60,134,756$41,648,776$160,191,982
95$220,644,145$62,973,299$42,935,951$175,285,691
96$243,038,384$65,947,528$44,262,841$191,871,122
97$267,713,325$69,063,982$45,630,672$210,098,496
98$294,901,488$72,329,521$47,040,703$230,133,277
99$324,859,107$75,751,335$48,494,235$252,157,721
100$357,868,551$79,336,965$49,992,606$276,372,582