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%13.4%
1 years$842,306$834,804$827,484$820,339$813,362$801,870
2 years$416,983$409,217$401,691$394,394$387,315$375,759
3 years$275,228$267,428$259,921$252,692$245,729$234,468
4 years$204,364$196,588$189,156$182,050$175,256$164,377
5 years$161,856$154,127$146,793$139,832$133,227$122,762
6 years$133,527$125,857$118,630$111,825$105,418$95,379
7 years$113,300$105,694$98,582$91,937$85,733$76,124
8 years$98,137$90,599$83,606$77,124$71,124$61,943
9 years$86,349$78,883$72,009$65,692$59,896$51,140
10 years$76,925$69,532$62,779$56,628$51,035$42,696
11 years$69,219$61,900$55,270$49,283$43,892$35,962
12 years$62,802$55,558$49,051$43,228$38,036$30,506
13 years$57,377$50,208$43,824$38,164$33,168$26,028
14 years$52,730$45,638$39,376$33,877$29,075$22,314
15 years$48,707$41,691$35,551$30,213$25,600$19,206
16 years$45,190$38,251$32,232$27,052$22,625$16,586
17 years$42,090$35,227$29,330$24,306$20,061$14,364
18 years$39,337$32,552$26,775$21,905$17,837$12,470
19 years$36,878$30,169$24,511$19,793$15,899$10,847
20 years$34,667$28,034$22,495$17,926$14,201$9,453
21 years$32,669$26,113$20,691$16,269$12,708$8,250
22 years$30,855$24,375$19,070$14,792$11,391$7,210
23 years$29,201$22,798$17,608$13,472$10,225$6,308
24 years$27,688$21,360$16,284$12,287$9,191$5,524
25 years$26,297$20,045$15,082$11,221$8,270$4,842
26 years$25,016$18,839$13,988$10,260$7,450$4,247
27 years$23,831$17,730$12,989$9,391$6,716$3,728
28 years$22,734$16,707$12,075$8,604$6,060$3,274
29 years$21,713$15,761$11,237$7,890$5,472$2,877
30 years$20,763$14,885$10,467$7,241$4,945$2,529
31 years$19,875$14,071$9,758$6,651$4,470$2,224
32 years$19,045$13,314$9,104$6,112$4,044$1,956
33 years$18,267$12,609$8,501$5,621$3,660$1,721
34 years$17,536$11,950$7,943$5,172$3,313$1,515
35 years$16,848$11,334$7,426$4,761$3,001$1,334
36 years$16,200$10,758$6,947$4,384$2,719$1,175
37 years$15,588$10,218$6,502$4,040$2,464$1,034
38 years$15,010$9,710$6,089$3,723$2,234$911
39 years$14,463$9,234$5,704$3,433$2,026$803
40 years$13,945$8,785$5,347$3,167$1,838$707
41 years$13,453$8,363$5,014$2,922$1,667$623
42 years$12,986$7,964$4,703$2,696$1,513$549
43 years$12,542$7,588$4,413$2,489$1,373$484
44 years$12,119$7,233$4,142$2,298$1,246$427
45 years$11,716$6,898$3,890$2,122$1,131$376
46 years$11,332$6,580$3,653$1,961$1,027$331
47 years$10,965$6,279$3,432$1,811$933$292
48 years$10,615$5,994$3,225$1,674$847$258
49 years$10,279$5,724$3,032$1,547$769$227
50 years$9,959$5,468$2,850$1,430$699$200

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 $2,337 every year, while hoping to spend $46,275 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: 66/11/23 Blend
70$10,200,000$10,200,000$10,200,000$10,200,000
71$11,242,811$10,702,211$10,544,111$11,918,243
72$12,340,341$11,177,383$10,848,102$12,847,742
73$13,548,269$11,674,287$11,160,726$13,858,067
74$14,877,805$12,193,940$11,482,224$14,961,579
75$16,341,304$12,737,406$11,812,841$16,167,443
76$17,952,378$13,305,800$12,152,832$17,485,751
77$19,726,025$13,900,289$12,502,457$18,927,607
78$21,678,773$14,522,097$12,861,983$20,505,237
79$23,828,834$15,172,505$13,231,685$22,232,100
80$26,196,274$15,852,857$13,611,845$24,123,013
81$28,803,205$16,564,558$14,002,752$26,194,289
82$31,673,992$17,309,081$14,404,705$28,463,892
83$34,835,485$18,087,972$14,818,009$30,951,600
84$38,317,269$18,902,847$15,242,976$33,679,192
85$42,151,944$19,755,401$15,679,930$36,670,651
86$46,375,435$20,647,408$16,129,201$39,952,390
87$51,027,328$21,580,730$16,591,127$43,553,495
88$56,151,245$22,557,315$17,066,059$47,506,003
89$61,795,253$23,579,205$17,554,354$51,845,194
90$68,012,323$24,648,540$18,056,379$56,609,929
91$74,860,824$25,767,561$18,572,511$61,843,009
92$82,405,075$26,938,620$19,103,137$67,591,580
93$90,715,957$28,164,176$19,648,656$73,907,572
94$99,871,573$29,446,809$20,209,475$80,848,187
95$109,957,994$30,789,224$20,786,013$88,476,436
96$121,070,065$32,194,251$21,378,700$96,861,733
97$133,312,303$33,664,860$21,987,977$106,080,541
98$146,799,880$35,204,161$22,614,298$116,217,097
99$161,659,717$36,815,414$23,258,126$127,364,196
100$178,031,675$38,502,036$23,919,939$139,624,072