Can I retire at age 71 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$891,854$883,910$876,159$868,594$861,207$846,592
2 years$441,512$433,289$425,320$417,593$410,099$395,419
3 years$291,417$283,159$275,210$267,556$260,183$245,896
4 years$216,385$208,152$200,283$192,759$185,565$171,781
5 years$171,377$163,194$155,427$148,057$141,064$127,822
6 years$141,382$133,260$125,608$118,403$111,619$98,934
7 years$119,965$111,911$104,381$97,345$90,776$78,653
8 years$103,910$95,929$88,524$81,661$75,307$63,743
9 years$91,429$83,523$76,245$69,557$63,420$52,408
10 years$81,450$73,622$66,472$59,959$54,037$43,568
11 years$73,291$65,541$58,521$52,182$46,473$36,536
12 years$66,496$58,826$51,936$45,771$40,273$30,854
13 years$60,752$53,162$46,401$40,409$35,119$26,204
14 years$55,832$48,322$41,692$35,870$30,785$22,359
15 years$51,572$44,143$37,642$31,990$27,105$19,153
16 years$47,848$40,501$34,128$28,644$23,956$16,460
17 years$44,566$37,300$31,055$25,736$21,241$14,184
18 years$41,651$34,467$28,349$23,193$18,886$12,251
19 years$39,047$31,943$25,953$20,957$16,834$10,603
20 years$36,706$29,683$23,818$18,981$15,036$9,192
21 years$34,590$27,649$21,908$17,226$13,456$7,980
22 years$32,670$25,809$20,192$15,663$12,061$6,936
23 years$30,919$24,139$18,643$14,264$10,827$6,036
24 years$29,316$22,616$17,242$13,010$9,731$5,257
25 years$27,844$21,224$15,970$11,881$8,757$4,583
26 years$26,487$19,948$14,811$10,864$7,888$3,997
27 years$25,233$18,773$13,753$9,944$7,112$3,489
28 years$24,071$17,690$12,785$9,111$6,417$3,047
29 years$22,991$16,688$11,898$8,355$5,794$2,662
30 years$21,984$15,760$11,082$7,667$5,235$2,327
31 years$21,044$14,899$10,332$7,042$4,733$2,034
32 years$20,165$14,097$9,640$6,472$4,282$1,779
33 years$19,341$13,350$9,001$5,951$3,875$1,556
34 years$18,567$12,653$8,410$5,476$3,508$1,362
35 years$17,839$12,001$7,863$5,041$3,178$1,192
36 years$17,153$11,391$7,355$4,642$2,879$1,043
37 years$16,505$10,819$6,884$4,277$2,609$913
38 years$15,893$10,282$6,447$3,942$2,366$800
39 years$15,314$9,777$6,040$3,635$2,145$700
40 years$14,765$9,302$5,661$3,353$1,946$613
41 years$14,245$8,854$5,309$3,093$1,765$537
42 years$13,750$8,433$4,980$2,855$1,602$471
43 years$13,280$8,035$4,673$2,635$1,454$412
44 years$12,832$7,659$4,386$2,433$1,320$361
45 years$12,405$7,303$4,118$2,247$1,198$316
46 years$11,998$6,967$3,868$2,076$1,088$277
47 years$11,610$6,649$3,634$1,918$988$243
48 years$11,239$6,347$3,415$1,772$897$213
49 years$10,884$6,061$3,210$1,638$815$186
50 years$10,545$5,790$3,018$1,514$740$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,800,000, adding $5,139 every year, while hoping to spend $47,858 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: 58/25/17 Blend
70$10,800,000$10,800,000$10,800,000$10,800,000
71$11,906,901$11,334,501$11,167,101$12,544,483
72$13,070,484$11,838,971$11,490,278$13,481,611
73$14,351,149$12,366,556$11,822,678$14,497,045
74$15,760,787$12,918,338$12,164,559$15,602,929
75$17,312,502$13,495,451$12,516,186$16,807,981
76$19,020,731$14,099,082$12,877,832$18,121,790
77$20,901,384$14,730,475$13,249,777$19,554,900
78$22,971,990$15,390,933$13,632,310$21,118,907
79$25,251,866$16,081,822$14,025,725$22,826,568
80$27,762,296$16,804,571$14,430,327$24,691,916
81$30,526,734$17,560,680$14,846,427$26,730,389
82$33,571,025$18,351,717$15,274,346$28,958,974
83$36,923,646$19,179,328$15,714,414$31,396,363
84$40,615,979$20,045,235$16,166,967$34,063,124
85$44,682,602$20,951,245$16,632,354$36,981,893
86$49,161,620$21,899,249$17,110,930$40,177,585
87$54,095,022$22,891,229$17,603,063$43,677,621
88$59,529,077$23,929,261$18,109,128$47,512,186
89$65,514,771$25,015,523$18,629,512$51,714,506
90$72,108,288$26,152,294$19,164,611$56,321,160
91$79,371,540$27,341,964$19,714,833$61,372,419
92$87,372,753$28,587,036$20,280,596$66,912,619
93$96,187,107$29,890,134$20,862,329$72,990,577
94$105,897,449$31,254,007$21,460,474$79,660,043
95$116,595,072$32,681,537$22,075,483$86,980,204
96$128,380,579$34,175,742$22,707,821$95,016,235
97$141,364,832$35,739,787$23,357,967$103,839,908
98$155,669,995$37,376,987$24,026,409$113,530,263
99$171,430,693$39,090,817$24,713,652$124,174,344
100$188,795,276$40,884,920$25,420,212$135,868,019