Can I retire at age 71 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$867,080$859,357$851,821$844,466$837,285$806,615
2 years$429,248$421,253$413,506$405,993$398,707$368,149
3 years$283,323$275,294$267,565$260,124$252,956$223,471
4 years$210,374$202,370$194,719$187,405$180,410$152,223
5 years$166,617$158,661$151,110$143,945$137,145$110,329
6 years$137,455$129,558$122,119$115,114$108,518$83,093
7 years$116,633$108,803$101,482$94,641$88,254$64,213
8 years$101,023$93,264$86,065$79,392$73,216$50,537
9 years$88,889$81,203$74,127$67,625$61,658$40,312
10 years$79,187$71,577$64,626$58,293$52,536$32,484
11 years$71,255$63,720$56,896$50,732$45,183$26,383
12 years$64,649$57,192$50,493$44,499$39,154$21,560
13 years$59,064$51,685$45,113$39,286$34,143$17,705
14 years$54,281$46,980$40,534$34,874$29,930$14,596
15 years$50,139$42,917$36,597$31,101$26,353$12,072
16 years$46,519$39,376$33,180$27,848$23,290$10,010
17 years$43,328$36,264$30,193$25,021$20,651$8,318
18 years$40,494$33,509$27,562$22,549$18,362$6,924
19 years$37,962$31,056$25,232$20,375$16,366$5,772
20 years$35,686$28,859$23,156$18,453$14,619$4,818
21 years$33,630$26,881$21,299$16,748$13,082$4,025
22 years$31,762$25,092$19,631$15,227$11,726$3,365
23 years$30,060$23,468$18,125$13,868$10,526$2,816
24 years$28,502$21,988$16,763$12,648$9,461$2,357
25 years$27,071$20,635$15,526$11,551$8,514$1,974
26 years$25,752$19,393$14,399$10,562$7,669$1,654
27 years$24,532$18,251$13,371$9,668$6,914$1,387
28 years$23,402$17,198$12,430$8,858$6,239$1,163
29 years$22,352$16,225$11,567$8,123$5,633$975
30 years$21,373$15,322$10,775$7,454$5,090$818
31 years$20,460$14,485$10,045$6,846$4,602$686
32 years$19,605$13,706$9,372$6,292$4,163$576
33 years$18,804$12,979$8,751$5,786$3,767$483
34 years$18,051$12,301$8,176$5,324$3,411$405
35 years$17,344$11,668$7,644$4,901$3,089$340
36 years$16,676$11,074$7,151$4,513$2,799$286
37 years$16,047$10,518$6,693$4,158$2,537$240
38 years$15,452$9,996$6,268$3,833$2,300$201
39 years$14,889$9,505$5,872$3,534$2,086$169
40 years$14,355$9,043$5,504$3,260$1,892$142
41 years$13,849$8,608$5,161$3,008$1,716$119
42 years$13,368$8,198$4,841$2,776$1,557$100
43 years$12,911$7,811$4,543$2,562$1,413$84
44 years$12,475$7,446$4,264$2,366$1,283$70
45 years$12,061$7,100$4,004$2,185$1,165$59
46 years$11,665$6,773$3,761$2,018$1,057$50
47 years$11,288$6,464$3,533$1,865$960$42
48 years$10,927$6,171$3,320$1,723$872$35
49 years$10,582$5,893$3,121$1,592$792$29
50 years$10,252$5,629$2,934$1,472$719$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,500,000, adding $2,915 every year, while hoping to spend $26,466 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: 64/20/16 Blend
70$10,500,000$10,500,000$10,500,000$10,500,000
71$11,574,007$11,017,507$10,854,757$12,269,089
72$12,726,396$11,529,205$11,190,232$13,247,182
73$13,995,442$12,065,089$11,536,058$14,311,900
74$15,393,015$12,626,317$11,892,554$15,474,350
75$16,932,197$13,214,101$12,260,049$16,744,066
76$18,627,402$13,829,713$12,638,882$18,131,538
77$20,494,514$14,474,486$13,029,401$19,648,305
78$22,551,036$15,149,817$13,431,967$21,307,065
79$24,816,254$15,857,171$13,846,951$23,121,788
80$27,311,423$16,598,083$14,274,734$25,107,851
81$30,059,961$17,374,162$14,715,711$27,282,173
82$33,087,678$18,187,097$15,170,289$29,663,379
83$36,423,013$19,038,657$15,638,885$32,271,965
84$40,097,304$19,930,695$16,121,932$35,130,496
85$44,145,086$20,865,156$16,619,873$38,263,808
86$48,604,414$21,844,078$17,133,168$41,699,246
87$53,517,225$22,869,597$17,662,289$45,466,913
88$58,929,729$23,943,955$18,207,724$49,599,951
89$64,892,852$25,069,500$18,769,973$54,134,852
90$71,462,711$26,248,693$19,349,555$59,111,798
91$78,701,145$27,484,117$19,947,003$64,575,031
92$86,676,301$28,778,477$20,562,866$70,573,273
93$95,463,272$30,134,611$21,197,711$77,160,176
94$105,144,814$31,555,495$21,852,122$84,394,826
95$115,812,118$33,044,247$22,526,701$92,342,292
96$127,565,677$34,604,138$23,222,068$101,074,238
97$140,516,231$36,238,597$23,938,863$110,669,594
98$154,785,816$37,951,217$24,677,744$121,215,291
99$170,508,912$39,745,770$25,439,392$132,807,079
100$187,833,715$41,626,206$26,224,505$145,550,422