Can I retire at age 71 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$825,791$818,435$811,258$804,254$797,414$793,387
2 years$408,807$401,194$393,815$386,660$379,721$375,657
3 years$269,831$262,184$254,824$247,737$240,911$236,935
4 years$200,356$192,733$185,447$178,481$171,819$167,963
5 years$158,683$151,105$143,914$137,090$130,614$126,889
6 years$130,909$123,389$116,304$109,632$103,351$99,760
7 years$111,079$103,622$96,649$90,135$84,052$80,599
8 years$96,213$88,823$81,966$75,612$69,729$66,414
9 years$84,656$77,336$70,598$64,404$58,722$55,543
10 years$75,417$68,168$61,549$55,517$50,034$46,991
11 years$67,862$60,686$54,186$48,317$43,031$40,121
12 years$61,571$54,469$48,089$42,380$37,290$34,511
13 years$56,251$49,224$42,964$37,415$32,517$29,866
14 years$51,696$44,743$38,604$33,213$28,505$25,979
15 years$47,752$40,874$34,854$29,620$25,098$22,694
16 years$44,304$37,501$31,600$26,522$22,181$19,896
17 years$41,265$34,537$28,755$23,830$19,668$17,498
18 years$38,566$31,914$26,250$21,475$17,487$15,429
19 years$36,155$29,577$24,030$19,405$15,587$13,637
20 years$33,987$27,484$22,054$17,575$13,923$12,077
21 years$32,028$25,601$20,285$15,950$12,459$10,714
22 years$30,250$23,897$18,696$14,502$11,168$9,519
23 years$28,629$22,351$17,262$13,208$10,025$8,469
24 years$27,145$20,941$15,965$12,046$9,011$7,544
25 years$25,782$19,652$14,787$11,001$8,108$6,726
26 years$24,525$18,470$13,714$10,059$7,304$6,003
27 years$23,364$17,382$12,734$9,207$6,585$5,362
28 years$22,288$16,379$11,838$8,436$5,942$4,793
29 years$21,288$15,452$11,017$7,736$5,365$4,287
30 years$20,356$14,593$10,262$7,099$4,848$3,836
31 years$19,486$13,795$9,567$6,520$4,383$3,435
32 years$18,672$13,053$8,926$5,992$3,965$3,077
33 years$17,909$12,361$8,334$5,510$3,588$2,758
34 years$17,192$11,716$7,787$5,070$3,248$2,472
35 years$16,518$11,112$7,280$4,667$2,942$2,217
36 years$15,882$10,547$6,810$4,298$2,666$1,989
37 years$15,283$10,017$6,374$3,960$2,416$1,784
38 years$14,716$9,520$5,969$3,650$2,190$1,601
39 years$14,180$9,053$5,593$3,366$1,986$1,437
40 years$13,672$8,613$5,242$3,105$1,802$1,291
41 years$13,189$8,199$4,915$2,864$1,635$1,159
42 years$12,731$7,808$4,611$2,643$1,483$1,041
43 years$12,296$7,439$4,327$2,440$1,346$935
44 years$11,881$7,091$4,061$2,253$1,222$840
45 years$11,486$6,762$3,813$2,081$1,109$755
46 years$11,110$6,451$3,582$1,922$1,007$678
47 years$10,750$6,156$3,365$1,776$914$609
48 years$10,406$5,877$3,162$1,641$830$547
49 years$10,078$5,612$2,972$1,516$754$492
50 years$9,763$5,361$2,794$1,402$685$442

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,000,000, adding $4,906 every year, while hoping to spend $27,464 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: 49/42/9 Blend
70$10,000,000$10,000,000$10,000,000$10,000,000
71$11,025,061$10,495,061$10,340,061$11,538,634
72$12,120,395$10,980,097$10,657,231$12,375,814
73$13,326,534$11,487,980$10,984,106$13,281,340
74$14,654,749$12,019,799$11,320,982$14,264,263
75$16,117,462$12,576,699$11,668,165$15,331,823
76$17,728,362$13,159,876$12,025,967$16,491,968
77$19,502,532$13,770,587$12,394,714$17,753,427
78$21,456,592$14,410,148$12,774,739$19,125,786
79$23,608,858$15,079,938$13,166,386$20,619,573
80$25,979,511$15,781,405$13,570,009$22,246,358
81$28,590,791$16,516,063$13,985,975$24,018,850
82$31,467,205$17,285,504$14,414,658$25,951,020
83$34,635,758$18,091,391$14,856,447$28,058,218
84$38,126,208$18,935,473$15,311,741$30,357,322
85$41,971,349$19,819,578$15,780,952$32,866,882
86$46,207,317$20,745,628$16,264,504$35,607,298
87$50,873,933$21,715,633$16,762,834$38,600,998
88$56,015,077$22,731,702$17,276,393$41,872,650
89$61,679,107$23,796,047$17,805,643$45,449,381
90$67,919,308$24,910,986$18,351,064$49,361,031
91$74,794,401$26,078,947$18,913,148$53,640,425
92$82,369,094$27,302,480$19,492,403$58,323,673
93$90,714,694$28,584,254$20,089,351$63,450,506
94$99,909,779$29,927,069$20,704,531$69,064,636
95$110,040,943$31,333,862$21,338,499$75,214,169
96$121,203,606$32,807,708$21,991,826$81,952,039
97$133,502,924$34,351,836$22,665,102$89,336,504
98$147,054,773$35,969,627$23,358,934$97,431,681
99$161,986,850$37,664,628$24,073,948$106,308,146
100$178,439,871$39,440,558$24,810,788$116,043,582