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%11.3%
1 years$875,338$867,541$859,934$852,509$845,259$840,637
2 years$433,336$425,265$417,444$409,860$402,504$397,840
3 years$286,021$277,916$270,114$262,601$255,365$250,804
4 years$212,378$204,297$196,574$189,189$182,129$177,705
5 years$168,204$160,172$152,549$145,316$138,451$134,178
6 years$138,764$130,792$123,282$116,210$109,552$105,435
7 years$117,743$109,839$102,448$95,543$89,095$85,137
8 years$101,985$94,152$86,884$80,148$73,913$70,113
9 years$89,736$81,977$74,833$68,269$62,245$58,603
10 years$79,942$72,258$65,241$58,848$53,036$49,550
11 years$71,933$64,327$57,438$51,216$45,613$42,280
12 years$65,265$57,737$50,974$44,923$39,527$36,345
13 years$59,627$52,177$45,542$39,660$34,468$31,434
14 years$54,798$47,428$40,920$35,206$30,215$27,325
15 years$50,617$43,326$36,945$31,398$26,603$23,854
16 years$46,962$39,751$33,496$28,113$23,512$20,899
17 years$43,741$36,609$30,480$25,259$20,848$18,367
18 years$40,880$33,828$27,824$22,764$18,537$16,185
19 years$38,324$31,352$25,472$20,569$16,522$14,294
20 years$36,026$29,134$23,377$18,629$14,758$12,650
21 years$33,950$27,137$21,502$16,907$13,207$11,214
22 years$32,065$25,331$19,818$15,373$11,838$9,956
23 years$30,346$23,692$18,298$14,000$10,626$8,851
24 years$28,773$22,198$16,923$12,769$9,551$7,878
25 years$27,328$20,831$15,674$11,661$8,595$7,019
26 years$25,997$19,578$14,537$10,662$7,742$6,259
27 years$24,766$18,425$13,499$9,760$6,980$5,586
28 years$23,625$17,362$12,549$8,942$6,298$4,989
29 years$22,565$16,379$11,678$8,200$5,687$4,459
30 years$21,577$15,468$10,877$7,525$5,139$3,987
31 years$20,655$14,623$10,141$6,912$4,646$3,567
32 years$19,792$13,836$9,461$6,352$4,202$3,193
33 years$18,983$13,103$8,834$5,841$3,803$2,859
34 years$18,223$12,419$8,254$5,374$3,443$2,561
35 years$17,509$11,779$7,717$4,947$3,119$2,295
36 years$16,835$11,180$7,219$4,556$2,826$2,057
37 years$16,200$10,618$6,757$4,198$2,561$1,844
38 years$15,599$10,091$6,328$3,869$2,322$1,653
39 years$15,031$9,596$5,928$3,568$2,106$1,483
40 years$14,492$9,130$5,556$3,291$1,910$1,330
41 years$13,981$8,690$5,210$3,036$1,733$1,193
42 years$13,495$8,277$4,887$2,802$1,572$1,071
43 years$13,034$7,886$4,586$2,587$1,427$961
44 years$12,594$7,517$4,305$2,388$1,295$863
45 years$12,176$7,168$4,042$2,206$1,176$774
46 years$11,776$6,838$3,796$2,037$1,068$695
47 years$11,395$6,526$3,567$1,882$969$624
48 years$11,031$6,230$3,352$1,739$880$560
49 years$10,683$5,949$3,150$1,607$800$503
50 years$10,349$5,683$2,962$1,486$726$452

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 $4,604 every year, while hoping to spend $30,241 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: 67/17/16 Blend
70$10,600,000$10,600,000$10,600,000$10,600,000
71$11,685,949$11,124,149$10,959,849$12,423,904
72$12,845,740$11,637,056$11,294,828$13,430,112
73$14,122,815$12,174,082$11,640,015$14,525,959
74$15,529,107$12,736,377$11,995,720$15,723,460
75$17,077,763$13,325,146$12,362,263$17,032,589
76$18,783,268$13,941,652$12,739,973$18,464,323
77$20,661,588$14,587,219$13,129,189$20,030,741
78$22,730,313$15,263,236$13,530,259$21,745,135
79$25,008,827$15,971,157$13,943,545$23,622,138
80$27,518,491$16,712,507$14,369,417$25,677,853
81$30,282,841$17,488,883$14,808,256$27,930,008
82$33,327,814$18,301,963$15,260,457$30,398,116
83$36,681,993$19,153,501$15,726,424$33,103,661
84$40,376,873$20,045,338$16,206,575$36,070,294
85$44,447,160$20,979,406$16,701,342$39,324,057
86$48,931,099$21,957,726$17,211,165$42,893,622
87$53,870,835$22,982,418$17,736,504$46,810,558
88$59,312,811$24,055,707$18,277,827$51,109,632
89$65,308,203$25,179,922$18,835,620$55,829,124
90$71,913,408$26,357,507$19,410,381$61,011,193
91$79,190,573$27,591,022$20,002,626$66,702,267
92$87,208,181$28,883,152$20,612,884$72,953,476
93$96,041,701$30,236,712$21,241,701$79,821,133
94$105,774,296$31,654,652$21,889,639$87,367,261
95$116,497,610$33,140,066$22,557,278$95,660,172
96$128,312,634$34,696,197$23,245,215$104,775,108
97$141,330,657$36,326,444$23,954,063$114,794,947
98$155,674,317$38,034,373$24,684,458$125,810,979
99$171,478,761$39,823,721$25,437,050$137,923,761
100$188,892,916$41,698,405$26,212,513$151,244,063