Can I retire at age 71 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$858,822$851,172$843,709$836,424$829,311$816,581
2 years$425,160$417,241$409,567$402,127$394,910$382,115
3 years$280,624$272,672$265,017$257,647$250,547$238,086
4 years$208,371$200,443$192,865$185,620$178,692$166,661
5 years$165,030$157,149$149,671$142,574$135,839$124,272
6 years$136,145$128,324$120,956$114,017$107,485$96,396
7 years$115,522$107,767$100,515$93,740$87,414$76,807
8 years$100,061$92,376$85,245$78,636$72,518$62,391
9 years$88,043$80,430$73,421$66,981$61,071$51,418
10 years$78,433$70,895$64,010$57,738$52,035$42,849
11 years$70,576$63,114$56,354$50,249$44,752$36,024
12 years$64,033$56,647$50,013$44,075$38,781$30,500
13 years$58,502$51,193$44,683$38,912$33,818$25,972
14 years$53,764$46,533$40,148$34,542$29,645$22,221
15 years$49,662$42,508$36,248$30,805$26,102$19,086
16 years$46,076$39,001$32,864$27,583$23,069$16,449
17 years$42,915$35,918$29,905$24,783$20,454$14,215
18 years$40,109$33,190$27,299$22,334$18,187$12,313
19 years$37,601$30,760$24,991$20,181$16,210$10,688
20 years$35,346$28,584$22,936$18,278$14,479$9,293
21 years$33,309$26,625$21,097$16,588$12,957$8,092
22 years$31,460$24,853$19,444$15,082$11,615$7,056
23 years$29,774$23,245$17,953$13,736$10,426$6,159
24 years$28,230$21,779$16,603$12,528$9,371$5,381
25 years$26,813$20,438$15,378$11,441$8,432$4,705
26 years$25,506$19,209$14,262$10,461$7,596$4,118
27 years$24,299$18,078$13,244$9,575$6,848$3,605
28 years$23,179$17,034$12,312$8,773$6,179$3,159
29 years$22,139$16,070$11,457$8,045$5,580$2,769
30 years$21,170$15,176$10,672$7,383$5,042$2,428
31 years$20,265$14,347$9,949$6,781$4,558$2,130
32 years$19,418$13,575$9,283$6,232$4,123$1,869
33 years$18,625$12,856$8,667$5,731$3,731$1,640
34 years$17,880$12,184$8,098$5,273$3,378$1,440
35 years$17,178$11,557$7,571$4,854$3,060$1,265
36 years$16,518$10,969$7,083$4,470$2,772$1,111
37 years$15,894$10,418$6,629$4,119$2,513$976
38 years$15,305$9,901$6,208$3,796$2,278$857
39 years$14,747$9,415$5,816$3,501$2,066$753
40 years$14,218$8,957$5,452$3,229$1,874$662
41 years$13,717$8,527$5,112$2,979$1,700$582
42 years$13,241$8,120$4,795$2,749$1,543$511
43 years$12,788$7,737$4,500$2,538$1,400$450
44 years$12,357$7,375$4,224$2,343$1,271$395
45 years$11,946$7,033$3,966$2,164$1,154$347
46 years$11,554$6,709$3,725$1,999$1,047$305
47 years$11,180$6,402$3,499$1,847$951$269
48 years$10,823$6,112$3,288$1,707$864$236
49 years$10,481$5,837$3,091$1,577$784$208
50 years$10,154$5,575$2,906$1,458$713$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,400,000, adding $2,205 every year, while hoping to spend $50,794 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: 77/16/7 Blend
70$10,400,000$10,400,000$10,400,000$10,400,000
71$11,463,074$10,911,874$10,750,674$12,335,882
72$12,578,264$11,392,512$11,056,778$13,389,977
73$13,805,500$11,894,998$11,371,433$14,538,588
74$15,156,158$12,420,350$11,694,873$15,796,405
75$16,642,772$12,969,633$12,027,337$17,174,261
76$18,279,152$13,543,963$12,369,070$18,684,079
77$20,080,516$14,144,507$12,720,324$20,338,986
78$22,063,630$14,772,490$13,081,357$22,153,434
79$24,246,972$15,429,194$13,452,434$24,143,336
80$26,650,900$16,115,961$13,833,827$26,326,211
81$29,297,846$16,834,197$14,225,815$28,721,352
82$32,212,531$17,585,377$14,628,684$31,350,001
83$35,422,192$18,371,043$15,042,728$34,235,553
84$38,956,843$19,192,813$15,468,247$37,403,769
85$42,849,559$20,052,379$15,905,552$40,883,020
86$47,136,785$20,951,515$16,354,958$44,704,552
87$51,858,679$21,892,082$16,816,792$48,902,777
88$57,059,496$22,876,026$17,291,386$53,515,598
89$62,788,000$23,905,386$17,779,083$58,584,762
90$69,097,927$24,982,301$18,280,233$64,156,248
91$76,048,492$26,109,010$18,795,197$70,280,706
92$83,704,945$27,287,859$19,324,343$77,013,924
93$92,139,191$28,521,305$19,868,050$84,417,356
94$101,430,465$29,811,925$20,426,706$92,558,697
95$111,666,080$31,162,418$21,000,709$101,512,518
96$122,942,254$32,575,610$21,590,466$111,360,967
97$135,365,015$34,054,466$22,196,397$122,194,541
98$149,051,200$35,602,088$22,818,931$134,112,935
99$164,129,564$37,221,732$23,458,506$147,225,979
100$180,741,987$38,916,804$24,115,574$161,654,670