Can I retire at age 71 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$850,564$842,988$835,596$828,381$821,336$816,502
2 years$421,071$413,229$405,629$398,260$391,113$386,236
3 years$277,926$270,050$262,469$255,169$248,138$243,369
4 years$206,367$198,515$191,010$183,835$176,974$172,350
5 years$163,443$155,638$148,232$141,203$134,533$130,067
6 years$134,836$127,090$119,793$112,921$106,451$102,150
7 years$114,411$106,730$99,549$92,839$86,573$82,438
8 years$99,099$91,488$84,425$77,880$71,821$67,852
9 years$87,196$79,656$72,715$66,337$60,484$56,681
10 years$77,679$70,213$63,395$57,183$51,535$47,896
11 years$69,898$62,507$55,812$49,766$44,322$40,844
12 years$63,418$56,103$49,532$43,652$38,408$35,088
13 years$57,939$50,700$44,253$38,538$33,493$30,328
14 years$53,247$46,085$39,762$34,210$29,360$26,346
15 years$49,184$42,100$35,900$30,509$25,851$22,984
16 years$45,633$38,626$32,548$27,317$22,847$20,123
17 years$42,503$35,573$29,618$24,544$20,258$17,673
18 years$39,723$32,871$27,037$22,120$18,012$15,562
19 years$37,239$30,464$24,751$19,987$16,055$13,735
20 years$35,006$28,309$22,715$18,102$14,340$12,146
21 years$32,989$26,369$20,894$16,429$12,833$10,759
22 years$31,157$24,614$19,257$14,937$11,503$9,545
23 years$29,487$23,021$17,780$13,604$10,326$8,479
24 years$27,959$21,569$16,444$12,407$9,281$7,541
25 years$26,555$20,242$15,230$11,331$8,351$6,714
26 years$25,261$19,024$14,125$10,361$7,523$5,983
27 years$24,065$17,904$13,116$9,483$6,782$5,335
28 years$22,956$16,871$12,193$8,689$6,120$4,761
29 years$21,926$15,916$11,347$7,968$5,526$4,252
30 years$20,966$15,031$10,569$7,312$4,993$3,799
31 years$20,070$14,209$9,854$6,716$4,514$3,396
32 years$19,232$13,444$9,194$6,172$4,083$3,037
33 years$18,446$12,732$8,584$5,676$3,696$2,717
34 years$17,708$12,067$8,020$5,222$3,346$2,432
35 years$17,013$11,446$7,499$4,807$3,030$2,177
36 years$16,359$10,863$7,015$4,427$2,746$1,950
37 years$15,741$10,318$6,566$4,079$2,489$1,747
38 years$15,158$9,806$6,148$3,760$2,256$1,565
39 years$14,605$9,324$5,760$3,467$2,046$1,402
40 years$14,082$8,871$5,399$3,198$1,856$1,257
41 years$13,585$8,445$5,063$2,950$1,684$1,127
42 years$13,113$8,042$4,749$2,723$1,528$1,010
43 years$12,665$7,663$4,456$2,513$1,386$906
44 years$12,238$7,304$4,183$2,321$1,258$812
45 years$11,831$6,965$3,928$2,143$1,142$728
46 years$11,443$6,644$3,689$1,980$1,037$653
47 years$11,073$6,341$3,466$1,829$942$586
48 years$10,719$6,053$3,257$1,690$855$526
49 years$10,380$5,780$3,061$1,562$777$472
50 years$10,056$5,522$2,878$1,444$706$423

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,300,000, adding $3,021 every year, while hoping to spend $48,334 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: 50/38/12 Blend
70$10,300,000$10,300,000$10,300,000$10,300,000
71$11,353,716$10,807,816$10,648,166$11,884,465
72$12,460,368$11,285,972$10,953,453$12,726,711
73$13,678,279$11,785,938$11,267,346$13,636,125
74$15,018,745$12,308,731$11,590,085$14,623,267
75$16,494,216$12,855,417$11,921,911$15,695,451
76$18,118,406$13,427,113$12,263,075$16,860,712
77$19,906,430$14,024,988$12,613,835$18,127,874
78$21,874,941$14,650,268$12,974,454$19,506,636
79$24,042,289$15,304,234$13,345,201$21,007,652
80$26,428,693$15,988,233$13,726,357$22,642,636
81$29,056,435$16,703,671$14,118,204$24,424,459
82$31,950,065$17,452,024$14,521,038$26,367,275
83$35,136,635$18,234,838$14,935,157$28,486,642
84$38,645,958$19,053,731$15,360,870$30,799,671
85$42,510,881$19,910,399$15,798,495$33,325,176
86$46,767,602$20,806,619$16,248,355$36,083,850
87$51,456,008$21,744,254$16,710,785$39,098,457
88$56,620,051$22,725,253$17,186,127$42,394,032
89$62,308,166$23,751,660$17,674,732$45,998,123
90$68,573,724$24,825,617$18,176,961$49,941,035
91$75,475,539$25,949,366$18,693,184$54,256,114
92$83,078,418$27,125,259$19,223,779$58,980,054
93$91,453,778$28,355,759$19,769,138$64,153,236
94$100,680,318$29,643,446$20,329,659$69,820,102
95$110,844,760$30,991,024$20,905,752$76,029,565
96$122,042,669$32,401,328$21,497,838$82,835,462
97$134,379,355$33,877,327$22,106,350$90,297,058
98$147,970,866$35,422,132$22,731,729$98,479,589
99$162,945,082$37,039,005$23,374,430$107,454,875
100$179,442,926$38,731,361$24,034,918$117,301,983