Can I retire at age 71 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$883,596$875,725$868,047$860,552$853,233$819,380
2 years$437,424$429,277$421,382$413,727$406,301$372,615
3 years$288,719$280,537$272,662$265,079$257,774$225,315
4 years$214,381$206,225$198,428$190,974$183,847$152,861
5 years$169,790$161,683$153,988$146,687$139,757$110,325
6 years$140,073$132,026$124,445$117,306$110,585$82,724
7 years$118,854$110,875$103,415$96,444$89,935$63,636
8 years$102,948$95,041$87,704$80,905$74,610$49,846
9 years$90,582$82,750$75,539$68,913$62,833$39,565
10 years$80,696$72,940$65,857$59,403$53,536$31,721
11 years$72,612$64,934$57,979$51,699$46,043$25,629
12 years$65,881$58,281$51,455$45,347$39,900$20,832
13 years$60,189$52,669$45,972$40,034$34,794$17,013
14 years$55,315$47,875$41,306$35,538$30,500$13,948
15 years$51,094$43,735$37,294$31,694$26,854$11,470
16 years$47,405$40,126$33,812$28,378$23,734$9,456
17 years$44,153$36,954$30,768$25,498$21,044$7,812
18 years$41,266$34,147$28,087$22,979$18,712$6,464
19 years$38,685$31,648$25,712$20,763$16,678$5,356
20 years$36,366$29,408$23,597$18,805$14,897$4,443
21 years$34,270$27,393$21,705$17,067$13,331$3,689
22 years$32,367$25,570$20,005$15,518$11,950$3,065
23 years$30,633$23,915$18,471$14,132$10,727$2,548
24 years$29,045$22,407$17,082$12,889$9,641$2,120
25 years$27,586$21,028$15,822$11,771$8,676$1,764
26 years$26,242$19,763$14,674$10,763$7,815$1,469
27 years$25,000$18,599$13,626$9,852$7,046$1,223
28 years$23,848$17,526$12,667$9,026$6,357$1,019
29 years$22,778$16,534$11,788$8,277$5,741$849
30 years$21,781$15,614$10,980$7,596$5,187$707
31 years$20,850$14,761$10,236$6,977$4,690$590
32 years$19,979$13,967$9,551$6,412$4,242$491
33 years$19,162$13,227$8,917$5,896$3,839$410
34 years$18,395$12,536$8,332$5,425$3,476$342
35 years$17,674$11,890$7,790$4,994$3,148$285
36 years$16,994$11,285$7,287$4,599$2,852$237
37 years$16,353$10,718$6,821$4,238$2,585$198
38 years$15,746$10,186$6,387$3,906$2,344$165
39 years$15,172$9,686$5,984$3,602$2,125$138
40 years$14,629$9,216$5,609$3,322$1,928$115
41 years$14,113$8,772$5,259$3,065$1,749$96
42 years$13,623$8,355$4,933$2,828$1,587$80
43 years$13,157$7,960$4,629$2,611$1,440$67
44 years$12,713$7,588$4,345$2,411$1,307$56
45 years$12,290$7,236$4,080$2,226$1,187$46
46 years$11,887$6,903$3,832$2,057$1,078$39
47 years$11,503$6,587$3,600$1,900$979$32
48 years$11,135$6,288$3,383$1,756$889$27
49 years$10,783$6,005$3,180$1,623$807$22
50 years$10,447$5,736$2,990$1,500$733$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,700,000, adding $4,668 every year, while hoping to spend $23,712 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: 62/20/18 Blend
70$10,700,000$10,700,000$10,700,000$10,700,000
71$11,796,215$11,229,115$11,063,265$12,473,233
72$12,974,200$11,754,112$11,408,655$13,454,852
73$14,271,544$12,304,040$11,764,821$14,522,944
74$15,700,397$12,880,094$12,132,099$15,688,440
75$17,274,149$13,483,529$12,510,834$16,960,814
76$19,007,550$14,115,660$12,901,386$18,350,487
77$20,916,859$14,777,866$13,304,121$19,868,926
78$23,019,989$15,471,592$13,719,419$21,528,744
79$25,336,681$16,198,354$14,147,673$23,343,819
80$27,888,689$16,959,739$14,589,286$25,329,422
81$30,699,982$17,757,413$15,044,675$27,502,359
82$33,796,977$18,593,123$15,514,268$29,881,124
83$37,208,782$19,468,700$15,998,509$32,486,070
84$40,967,473$20,386,061$16,497,854$35,339,602
85$45,108,397$21,347,220$17,012,775$38,466,380
86$49,670,507$22,354,287$17,543,756$41,893,551
87$54,696,724$23,409,473$18,091,297$45,650,998
88$60,234,351$24,515,098$18,655,916$49,771,622
89$66,335,510$25,673,593$19,238,145$54,291,645
90$73,057,640$26,887,507$19,838,531$59,250,950
91$80,464,040$28,159,515$20,457,642$64,693,448
92$88,624,459$29,492,418$21,096,060$70,667,494
93$97,615,763$30,889,156$21,754,388$77,226,334
94$107,522,656$32,352,810$22,433,245$84,428,602
95$118,438,480$33,886,611$23,133,271$92,338,871
96$130,466,096$35,493,946$23,855,127$101,028,254
97$143,718,856$37,178,367$24,599,492$110,575,067
98$158,321,671$38,943,600$25,367,067$121,065,569
99$174,412,194$40,793,548$26,158,576$132,594,763
100$192,142,114$42,732,309$26,974,765$145,267,286