Can I retire at age 71 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$842,306$834,804$827,484$820,339$813,362$806,211
2 years$416,983$409,217$401,691$394,394$387,315$380,109
3 years$275,228$267,428$259,921$252,692$245,729$238,690
4 years$204,364$196,588$189,156$182,050$175,256$168,440
5 years$161,856$154,127$146,793$139,832$133,227$126,654
6 years$133,527$125,857$118,630$111,825$105,418$99,095
7 years$113,300$105,694$98,582$91,937$85,733$79,664
8 years$98,137$90,599$83,606$77,124$71,124$65,308
9 years$86,349$78,883$72,009$65,692$59,896$54,333
10 years$76,925$69,532$62,779$56,628$51,035$45,720
11 years$69,219$61,900$55,270$49,283$43,892$38,821
12 years$62,802$55,558$49,051$43,228$38,036$33,204
13 years$57,377$50,208$43,824$38,164$33,168$28,571
14 years$52,730$45,638$39,376$33,877$29,075$24,706
15 years$48,707$41,691$35,551$30,213$25,600$21,452
16 years$45,190$38,251$32,232$27,052$22,625$18,693
17 years$42,090$35,227$29,330$24,306$20,061$16,338
18 years$39,337$32,552$26,775$21,905$17,837$14,315
19 years$36,878$30,169$24,511$19,793$15,899$12,571
20 years$34,667$28,034$22,495$17,926$14,201$11,060
21 years$32,669$26,113$20,691$16,269$12,708$9,747
22 years$30,855$24,375$19,070$14,792$11,391$8,602
23 years$29,201$22,798$17,608$13,472$10,225$7,601
24 years$27,688$21,360$16,284$12,287$9,191$6,724
25 years$26,297$20,045$15,082$11,221$8,270$5,954
26 years$25,016$18,839$13,988$10,260$7,450$5,277
27 years$23,831$17,730$12,989$9,391$6,716$4,680
28 years$22,734$16,707$12,075$8,604$6,060$4,153
29 years$21,713$15,761$11,237$7,890$5,472$3,688
30 years$20,763$14,885$10,467$7,241$4,945$3,277
31 years$19,875$14,071$9,758$6,651$4,470$2,912
32 years$19,045$13,314$9,104$6,112$4,044$2,590
33 years$18,267$12,609$8,501$5,621$3,660$2,303
34 years$17,536$11,950$7,943$5,172$3,313$2,050
35 years$16,848$11,334$7,426$4,761$3,001$1,824
36 years$16,200$10,758$6,947$4,384$2,719$1,624
37 years$15,588$10,218$6,502$4,040$2,464$1,446
38 years$15,010$9,710$6,089$3,723$2,234$1,288
39 years$14,463$9,234$5,704$3,433$2,026$1,147
40 years$13,945$8,785$5,347$3,167$1,838$1,022
41 years$13,453$8,363$5,014$2,922$1,667$911
42 years$12,986$7,964$4,703$2,696$1,513$812
43 years$12,542$7,588$4,413$2,489$1,373$723
44 years$12,119$7,233$4,142$2,298$1,246$645
45 years$11,716$6,898$3,890$2,122$1,131$575
46 years$11,332$6,580$3,653$1,961$1,027$512
47 years$10,965$6,279$3,432$1,811$933$457
48 years$10,615$5,994$3,225$1,674$847$407
49 years$10,279$5,724$3,032$1,547$769$363
50 years$9,959$5,468$2,850$1,430$699$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,200,000, adding $6,394 every year, while hoping to spend $48,284 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: 65/25/10 Blend
70$10,200,000$10,200,000$10,200,000$10,200,000
71$11,246,995$10,706,395$10,548,295$11,953,601
72$12,342,815$11,179,635$10,850,290$12,898,603
73$13,548,790$11,674,445$11,160,782$13,924,429
74$14,876,105$12,191,832$11,480,007$15,043,998
75$16,337,085$12,732,848$11,808,204$16,266,439
76$17,945,309$13,298,598$12,145,620$17,601,795
77$19,715,739$13,890,238$12,492,507$19,061,113
78$21,664,863$14,508,979$12,849,125$20,656,546
79$23,810,849$15,156,089$13,215,740$22,401,470
80$26,173,715$15,832,896$13,592,627$24,310,599
81$28,775,519$16,540,794$13,980,065$26,400,129
82$31,640,567$17,281,238$14,378,343$28,687,882
83$34,795,644$18,055,758$14,787,756$31,193,475
84$38,270,263$18,865,953$15,208,609$33,938,500
85$42,096,945$19,713,500$15,641,212$36,946,723
86$46,311,526$20,600,154$16,085,886$40,244,308
87$50,953,497$21,527,757$16,542,958$43,860,059
88$56,066,372$22,498,235$17,012,765$47,825,684
89$61,698,102$23,513,609$17,495,653$52,176,098
90$67,901,526$24,575,994$17,991,976$56,949,742
91$74,734,872$25,687,608$18,502,097$62,188,941
92$82,262,302$26,850,773$19,026,390$67,940,303
93$90,554,521$28,067,925$19,565,238$74,255,154
94$99,689,442$29,341,613$20,119,034$81,190,012
95$109,752,923$30,674,511$20,688,180$88,807,119
96$120,839,577$32,069,417$21,273,089$97,175,025
97$133,053,664$33,529,268$21,874,187$106,369,223
98$146,510,073$35,057,138$22,491,908$116,472,862
99$161,335,411$36,656,248$23,126,698$127,577,521
100$177,669,195$38,329,977$23,779,014$139,784,069