Can I retire at age 71 with 10,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$834,049$826,619$819,371$812,296$805,388$777,741
2 years$412,895$405,206$397,753$390,527$383,518$355,945
3 years$272,529$264,806$257,372$250,214$243,320$216,688
4 years$202,360$194,661$187,301$180,265$173,538$148,050
5 years$160,269$152,616$145,353$138,461$131,921$107,645
6 years$132,218$124,623$117,467$110,728$104,384$81,339
7 years$112,190$104,658$97,616$91,036$84,892$63,074
8 years$97,175$89,711$82,786$76,368$70,426$49,817
9 years$85,503$78,110$71,303$65,048$59,309$39,884
10 years$76,171$68,850$62,164$56,072$50,534$32,261
11 years$68,540$61,293$54,728$48,800$43,461$26,304
12 years$62,186$55,013$48,570$42,804$37,663$21,582
13 years$56,814$49,716$43,394$37,789$32,843$17,796
14 years$52,213$45,190$38,990$33,545$28,790$14,733
15 years$48,229$41,282$35,202$29,917$25,349$12,237
16 years$44,747$37,876$31,916$26,787$22,403$10,191
17 years$41,677$34,882$29,042$24,068$19,864$8,506
18 years$38,952$32,233$26,512$21,690$17,662$7,113
19 years$36,516$29,873$24,270$19,599$15,743$5,956
20 years$34,327$27,759$22,274$17,750$14,062$4,994
21 years$32,348$25,857$20,488$16,110$12,584$4,192
22 years$30,552$24,136$18,883$14,647$11,280$3,521
23 years$28,915$22,574$17,435$13,340$10,125$2,960
24 years$27,416$21,151$16,124$12,167$9,101$2,490
25 years$26,039$19,849$14,934$11,111$8,189$2,096
26 years$24,771$18,655$13,851$10,159$7,377$1,765
27 years$23,598$17,556$12,862$9,299$6,651$1,486
28 years$22,511$16,543$11,957$8,520$6,001$1,252
29 years$21,500$15,607$11,127$7,813$5,419$1,055
30 years$20,559$14,739$10,364$7,170$4,896$889
31 years$19,680$13,933$9,662$6,586$4,427$750
32 years$18,858$13,183$9,015$6,052$4,004$632
33 years$18,088$12,485$8,417$5,566$3,624$533
34 years$17,364$11,833$7,865$5,121$3,281$450
35 years$16,683$11,223$7,353$4,714$2,972$379
36 years$16,041$10,653$6,878$4,341$2,692$320
37 years$15,436$10,117$6,438$4,000$2,440$270
38 years$14,863$9,615$6,029$3,687$2,212$228
39 years$14,322$9,143$5,649$3,400$2,006$192
40 years$13,808$8,699$5,294$3,136$1,820$162
41 years$13,321$8,281$4,964$2,893$1,651$137
42 years$12,859$7,886$4,657$2,670$1,498$115
43 years$12,419$7,514$4,370$2,465$1,360$97
44 years$12,000$7,162$4,102$2,276$1,234$82
45 years$11,601$6,830$3,851$2,102$1,120$69
46 years$11,221$6,515$3,617$1,941$1,017$58
47 years$10,858$6,218$3,398$1,794$924$49
48 years$10,511$5,936$3,194$1,657$839$42
49 years$10,179$5,668$3,002$1,532$762$35
50 years$9,861$5,415$2,822$1,416$692$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,100,000, adding $5,683 every year, while hoping to spend $59,044 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: 63/26/11 Blend
70$10,100,000$10,100,000$10,100,000$10,100,000
71$11,136,062$10,600,762$10,444,212$11,809,452
72$12,209,118$11,057,377$10,731,271$12,717,145
73$13,389,647$11,534,387$11,025,967$13,700,500
74$14,688,548$12,032,730$11,328,494$14,772,751
75$16,117,832$12,553,385$11,639,051$15,942,525
76$17,690,731$13,097,381$11,957,839$17,219,312
77$19,421,825$13,665,793$12,285,067$18,613,552
78$21,327,181$14,259,746$12,620,945$20,136,729
79$23,424,498$14,880,419$12,965,692$21,801,480
80$25,733,284$15,529,046$13,319,530$23,621,709
81$28,275,029$16,206,919$13,682,684$25,612,714
82$31,073,417$16,915,393$14,055,389$27,791,333
83$34,154,541$17,655,883$14,437,880$30,176,097
84$37,547,157$18,429,874$14,830,402$32,787,401
85$41,282,948$19,238,919$15,233,201$35,647,695
86$45,396,828$20,084,646$15,646,533$38,781,689
87$49,927,270$20,968,758$16,070,657$42,216,589
88$54,916,665$21,893,041$16,505,838$45,982,343
89$60,411,728$22,859,363$16,952,347$50,111,924
90$66,463,935$23,869,683$17,410,461$54,641,635
91$73,130,008$24,926,049$17,880,464$59,611,448
92$80,472,454$26,030,611$18,362,644$65,065,377
93$88,560,150$27,185,616$18,857,298$71,051,888
94$97,468,995$28,393,421$19,364,727$77,624,353
95$107,282,627$29,656,493$19,885,240$84,841,546
96$118,093,211$30,977,417$20,419,151$92,768,194
97$130,002,309$32,358,901$20,966,783$101,475,584
98$143,121,837$33,803,780$21,528,464$111,042,226
99$157,575,126$35,315,027$22,104,529$121,554,591
100$173,498,078$36,895,752$22,695,320$133,107,920