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%11.8%
1 years$875,338$867,541$859,934$852,509$845,259$838,878
2 years$433,336$425,265$417,444$409,860$402,504$396,071
3 years$286,021$277,916$270,114$262,601$255,365$249,079
4 years$212,378$204,297$196,574$189,189$182,129$176,037
5 years$168,204$160,172$152,549$145,316$138,451$132,573
6 years$138,764$130,792$123,282$116,210$109,552$103,895
7 years$117,743$109,839$102,448$95,543$89,095$83,661
8 years$101,985$94,152$86,884$80,148$73,913$68,703
9 years$89,736$81,977$74,833$68,269$62,245$57,257
10 years$79,942$72,258$65,241$58,848$53,036$48,267
11 years$71,933$64,327$57,438$51,216$45,613$41,060
12 years$65,265$57,737$50,974$44,923$39,527$35,185
13 years$59,627$52,177$45,542$39,660$34,468$30,334
14 years$54,798$47,428$40,920$35,206$30,215$26,282
15 years$50,617$43,326$36,945$31,398$26,603$22,867
16 years$46,962$39,751$33,496$28,113$23,512$19,967
17 years$43,741$36,609$30,480$25,259$20,848$17,487
18 years$40,880$33,828$27,824$22,764$18,537$15,355
19 years$38,324$31,352$25,472$20,569$16,522$13,513
20 years$36,026$29,134$23,377$18,629$14,758$11,915
21 years$33,950$27,137$21,502$16,907$13,207$10,524
22 years$32,065$25,331$19,818$15,373$11,838$9,309
23 years$30,346$23,692$18,298$14,000$10,626$8,244
24 years$28,773$22,198$16,923$12,769$9,551$7,310
25 years$27,328$20,831$15,674$11,661$8,595$6,488
26 years$25,997$19,578$14,537$10,662$7,742$5,763
27 years$24,766$18,425$13,499$9,760$6,980$5,124
28 years$23,625$17,362$12,549$8,942$6,298$4,558
29 years$22,565$16,379$11,678$8,200$5,687$4,057
30 years$21,577$15,468$10,877$7,525$5,139$3,613
31 years$20,655$14,623$10,141$6,912$4,646$3,219
32 years$19,792$13,836$9,461$6,352$4,202$2,870
33 years$18,983$13,103$8,834$5,841$3,803$2,559
34 years$18,223$12,419$8,254$5,374$3,443$2,283
35 years$17,509$11,779$7,717$4,947$3,119$2,037
36 years$16,835$11,180$7,219$4,556$2,826$1,818
37 years$16,200$10,618$6,757$4,198$2,561$1,623
38 years$15,599$10,091$6,328$3,869$2,322$1,449
39 years$15,031$9,596$5,928$3,568$2,106$1,294
40 years$14,492$9,130$5,556$3,291$1,910$1,156
41 years$13,981$8,690$5,210$3,036$1,733$1,033
42 years$13,495$8,277$4,887$2,802$1,572$923
43 years$13,034$7,886$4,586$2,587$1,427$824
44 years$12,594$7,517$4,305$2,388$1,295$737
45 years$12,176$7,168$4,042$2,206$1,176$659
46 years$11,776$6,838$3,796$2,037$1,068$589
47 years$11,395$6,526$3,567$1,882$969$526
48 years$11,031$6,230$3,352$1,739$880$470
49 years$10,683$5,949$3,150$1,607$800$421
50 years$10,349$5,683$2,962$1,486$726$376

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 $3,824 every year, while hoping to spend $46,513 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: 53/33/14 Blend
70$10,600,000$10,600,000$10,600,000$10,600,000
71$11,685,144$11,123,344$10,959,044$12,260,762
72$12,827,540$11,618,899$11,276,683$13,149,498
73$14,084,900$12,137,177$11,603,403$14,110,674
74$15,468,904$12,679,242$11,939,461$15,155,407
75$16,992,417$13,246,210$12,285,118$16,291,634
76$18,669,617$13,839,248$12,640,643$17,528,081
77$20,516,128$14,459,580$13,006,314$18,874,336
78$22,549,161$15,108,488$13,382,414$20,340,936
79$24,787,687$15,787,315$13,769,236$21,939,469
80$27,252,605$16,497,468$14,167,080$23,682,671
81$29,966,947$17,240,420$14,576,253$25,584,551
82$32,956,091$18,017,716$14,997,073$27,660,509
83$36,248,001$18,830,973$15,429,864$29,927,488
84$39,873,494$19,681,888$15,874,962$32,404,120
85$43,866,526$20,572,235$16,332,708$35,110,902
86$48,264,514$21,503,877$16,803,456$38,070,385
87$53,108,689$22,478,762$17,287,567$41,307,376
88$58,444,489$23,498,935$17,785,413$44,849,176
89$64,321,979$24,566,535$18,297,377$48,725,822
90$70,796,333$25,683,807$18,823,851$52,970,372
91$77,928,345$26,853,100$19,365,237$57,619,207
92$85,785,013$28,076,879$19,921,949$62,712,369
93$94,440,163$29,357,724$20,494,412$68,293,933
94$103,975,147$30,698,341$21,083,063$74,412,413
95$114,479,616$32,101,563$21,688,350$81,121,217
96$126,052,360$33,570,362$22,310,732$88,479,138
97$138,802,241$35,107,850$22,950,682$96,550,907
98$152,849,225$36,717,291$23,608,686$105,407,788
99$168,325,511$38,402,102$24,285,241$115,128,251
100$185,376,775$40,165,868$24,980,859$125,798,694