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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$875,338$867,541$859,934$852,509$845,259$832,284
2 years$433,336$425,265$417,444$409,860$402,504$389,464
3 years$286,021$277,916$270,114$262,601$255,365$242,665
4 years$212,378$204,297$196,574$189,189$182,129$169,866
5 years$168,204$160,172$152,549$145,316$138,451$126,662
6 years$138,764$130,792$123,282$116,210$109,552$98,250
7 years$117,743$109,839$102,448$95,543$89,095$78,284
8 years$101,985$94,152$86,884$80,148$73,913$63,590
9 years$89,736$81,977$74,833$68,269$62,245$52,407
10 years$79,942$72,258$65,241$58,848$53,036$43,673
11 years$71,933$64,327$57,438$51,216$45,613$36,717
12 years$65,265$57,737$50,974$44,923$39,527$31,086
13 years$59,627$52,177$45,542$39,660$34,468$26,471
14 years$54,798$47,428$40,920$35,206$30,215$22,648
15 years$50,617$43,326$36,945$31,398$26,603$19,453
16 years$46,962$39,751$33,496$28,113$23,512$16,765
17 years$43,741$36,609$30,480$25,259$20,848$14,488
18 years$40,880$33,828$27,824$22,764$18,537$12,550
19 years$38,324$31,352$25,472$20,569$16,522$10,894
20 years$36,026$29,134$23,377$18,629$14,758$9,472
21 years$33,950$27,137$21,502$16,907$13,207$8,248
22 years$32,065$25,331$19,818$15,373$11,838$7,192
23 years$30,346$23,692$18,298$14,000$10,626$6,277
24 years$28,773$22,198$16,923$12,769$9,551$5,485
25 years$27,328$20,831$15,674$11,661$8,595$4,796
26 years$25,997$19,578$14,537$10,662$7,742$4,197
27 years$24,766$18,425$13,499$9,760$6,980$3,675
28 years$23,625$17,362$12,549$8,942$6,298$3,220
29 years$22,565$16,379$11,678$8,200$5,687$2,822
30 years$21,577$15,468$10,877$7,525$5,139$2,475
31 years$20,655$14,623$10,141$6,912$4,646$2,171
32 years$19,792$13,836$9,461$6,352$4,202$1,905
33 years$18,983$13,103$8,834$5,841$3,803$1,672
34 years$18,223$12,419$8,254$5,374$3,443$1,468
35 years$17,509$11,779$7,717$4,947$3,119$1,289
36 years$16,835$11,180$7,219$4,556$2,826$1,132
37 years$16,200$10,618$6,757$4,198$2,561$995
38 years$15,599$10,091$6,328$3,869$2,322$874
39 years$15,031$9,596$5,928$3,568$2,106$768
40 years$14,492$9,130$5,556$3,291$1,910$675
41 years$13,981$8,690$5,210$3,036$1,733$593
42 years$13,495$8,277$4,887$2,802$1,572$521
43 years$13,034$7,886$4,586$2,587$1,427$458
44 years$12,594$7,517$4,305$2,388$1,295$403
45 years$12,176$7,168$4,042$2,206$1,176$354
46 years$11,776$6,838$3,796$2,037$1,068$311
47 years$11,395$6,526$3,567$1,882$969$274
48 years$11,031$6,230$3,352$1,739$880$241
49 years$10,683$5,949$3,150$1,607$800$212
50 years$10,349$5,683$2,962$1,486$726$186

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 $4,338 every year, while hoping to spend $41,597 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: 48/45/7 Blend
70$10,600,000$10,600,000$10,600,000$10,600,000
71$11,685,675$11,123,875$10,959,575$12,224,822
72$12,833,355$11,624,686$11,282,462$13,095,240
73$14,096,704$12,148,642$11,614,771$14,034,978
74$15,487,476$12,696,835$11,956,775$15,054,263
75$17,018,624$13,270,405$12,308,752$16,160,506
76$18,704,420$13,870,550$12,670,991$17,361,841
77$20,560,588$14,498,524$13,043,786$18,667,201
78$22,604,457$15,155,641$13,427,442$20,086,393
79$24,855,121$15,843,277$13,822,271$21,630,190
80$27,333,621$16,562,876$14,228,595$23,310,426
81$30,063,141$17,315,947$14,646,744$25,140,103
82$33,069,229$18,104,077$15,077,057$27,133,506
83$36,380,038$18,928,923$15,519,886$29,306,336
84$40,026,587$19,792,226$15,975,588$31,675,848
85$44,043,062$20,695,808$16,444,533$34,261,013
86$48,467,131$21,641,579$16,927,101$37,082,684
87$53,340,303$22,631,541$17,423,683$40,163,792
88$58,708,318$23,667,791$17,934,681$43,529,550
89$64,621,581$24,752,527$18,460,507$47,207,688
90$71,135,635$25,888,054$19,001,587$51,228,705
91$78,311,685$27,076,784$19,558,356$55,626,147
92$86,217,180$28,321,249$20,131,264$60,436,918
93$94,926,443$29,624,101$20,720,772$65,701,619
94$104,521,376$30,988,118$21,327,354$71,464,919
95$115,092,235$32,416,214$21,951,498$77,775,969
96$126,738,476$33,911,442$22,593,707$84,688,856
97$139,569,698$35,477,001$23,254,494$92,263,102
98$153,706,679$37,116,245$23,934,391$100,564,213
99$169,282,509$38,832,689$24,633,941$109,664,290
100$186,443,852$40,630,019$25,353,706$119,642,691