Can I retire at age 71 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$875,338$867,541$859,934$852,509$845,259$825,831
2 years$433,336$425,265$417,444$409,860$402,504$383,039
3 years$286,021$277,916$270,114$262,601$255,365$236,470
4 years$212,378$204,297$196,574$189,189$182,129$163,948
5 years$168,204$160,172$152,549$145,316$138,451$121,038
6 years$138,764$130,792$123,282$116,210$109,552$92,923
7 years$117,743$109,839$102,448$95,543$89,095$73,253
8 years$101,985$94,152$86,884$80,148$73,913$58,852
9 years$89,736$81,977$74,833$68,269$62,245$47,954
10 years$79,942$72,258$65,241$58,848$53,036$39,498
11 years$71,933$64,327$57,438$51,216$45,613$32,811
12 years$65,265$57,737$50,974$44,923$39,527$27,440
13 years$59,627$52,177$45,542$39,660$34,468$23,074
14 years$54,798$47,428$40,920$35,206$30,215$19,489
15 years$50,617$43,326$36,945$31,398$26,603$16,522
16 years$46,962$39,751$33,496$28,113$23,512$14,049
17 years$43,741$36,609$30,480$25,259$20,848$11,977
18 years$40,880$33,828$27,824$22,764$18,537$10,232
19 years$38,324$31,352$25,472$20,569$16,522$8,757
20 years$36,026$29,134$23,377$18,629$14,758$7,507
21 years$33,950$27,137$21,502$16,907$13,207$6,443
22 years$32,065$25,331$19,818$15,373$11,838$5,536
23 years$30,346$23,692$18,298$14,000$10,626$4,762
24 years$28,773$22,198$16,923$12,769$9,551$4,099
25 years$27,328$20,831$15,674$11,661$8,595$3,530
26 years$25,997$19,578$14,537$10,662$7,742$3,043
27 years$24,766$18,425$13,499$9,760$6,980$2,624
28 years$23,625$17,362$12,549$8,942$6,298$2,263
29 years$22,565$16,379$11,678$8,200$5,687$1,953
30 years$21,577$15,468$10,877$7,525$5,139$1,686
31 years$20,655$14,623$10,141$6,912$4,646$1,456
32 years$19,792$13,836$9,461$6,352$4,202$1,258
33 years$18,983$13,103$8,834$5,841$3,803$1,087
34 years$18,223$12,419$8,254$5,374$3,443$939
35 years$17,509$11,779$7,717$4,947$3,119$811
36 years$16,835$11,180$7,219$4,556$2,826$701
37 years$16,200$10,618$6,757$4,198$2,561$606
38 years$15,599$10,091$6,328$3,869$2,322$524
39 years$15,031$9,596$5,928$3,568$2,106$453
40 years$14,492$9,130$5,556$3,291$1,910$392
41 years$13,981$8,690$5,210$3,036$1,733$339
42 years$13,495$8,277$4,887$2,802$1,572$293
43 years$13,034$7,886$4,586$2,587$1,427$253
44 years$12,594$7,517$4,305$2,388$1,295$219
45 years$12,176$7,168$4,042$2,206$1,176$189
46 years$11,776$6,838$3,796$2,037$1,068$164
47 years$11,395$6,526$3,567$1,882$969$142
48 years$11,031$6,230$3,352$1,739$880$123
49 years$10,683$5,949$3,150$1,607$800$106
50 years$10,349$5,683$2,962$1,486$726$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,600,000, adding $6,756 every year, while hoping to spend $53,521 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: 63/13/24 Blend
70$10,600,000$10,600,000$10,600,000$10,600,000
71$11,688,169$11,126,369$10,962,069$12,350,414
72$12,823,416$11,614,615$11,272,352$13,287,144
73$14,072,665$12,124,991$11,591,236$14,303,285
74$15,447,487$12,658,526$11,918,953$15,411,959
75$16,960,632$13,216,295$12,255,739$16,622,225
76$18,626,149$13,799,426$12,601,839$17,944,050
77$20,459,518$14,409,100$12,957,502$19,388,404
78$22,477,796$15,046,553$13,322,986$20,967,363
79$24,699,778$15,713,081$13,698,553$22,694,216
80$27,146,173$16,410,040$14,084,472$24,583,593
81$29,839,802$17,138,851$14,481,021$26,651,600
82$32,805,809$17,901,002$14,888,483$28,915,969
83$36,071,903$18,698,053$15,307,148$31,396,219
84$39,668,615$19,531,636$15,737,316$34,113,846
85$43,629,590$20,403,462$16,179,292$37,092,515
86$47,991,899$21,315,322$16,633,390$40,358,288
87$52,796,395$22,269,095$17,099,930$43,939,862
88$58,088,094$23,266,747$17,579,244$47,868,840
89$63,916,599$24,310,337$18,071,668$52,180,025
90$70,336,572$25,402,024$18,577,549$56,911,747
91$77,408,248$26,544,068$19,097,243$62,106,221
92$85,198,001$27,738,840$19,631,112$67,809,941
93$93,778,973$28,988,819$20,179,531$74,074,119
94$103,231,764$30,296,607$20,742,881$80,955,161
95$113,645,191$31,664,928$21,321,554$88,515,198
96$125,117,127$33,096,635$21,915,953$96,822,668
97$137,755,424$34,594,721$22,526,487$105,952,960
98$151,678,933$36,162,317$23,153,580$115,989,119
99$167,018,621$37,802,708$23,797,662$127,022,626
100$183,918,814$39,519,334$24,459,177$139,154,258