Can I retire at age 71 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$900,112$892,094$884,272$876,637$869,181$856,546
2 years$445,600$437,301$429,258$421,460$413,896$401,193
3 years$294,116$285,781$277,758$270,033$262,593$250,216
4 years$218,389$210,079$202,137$194,544$187,283$175,329
5 years$172,964$164,705$156,867$149,428$142,370$130,873
6 years$142,691$134,494$126,772$119,499$112,652$101,626
7 years$121,076$112,948$105,348$98,247$91,616$81,064
8 years$104,872$96,817$89,343$82,417$76,005$65,925
9 years$92,275$84,297$76,951$70,201$64,007$54,395
10 years$82,204$74,303$67,088$60,514$54,537$45,386
11 years$73,969$66,148$59,063$52,665$46,904$38,204
12 years$67,112$59,371$52,417$46,194$40,646$32,387
13 years$61,314$53,654$46,831$40,783$35,444$27,615
14 years$56,349$48,770$42,078$36,202$31,070$23,658
15 years$52,049$44,552$37,991$32,286$27,356$20,349
16 years$48,291$40,876$34,444$28,909$24,178$17,561
17 years$44,978$37,645$31,343$25,974$21,438$15,198
18 years$42,037$34,786$28,612$23,408$19,061$13,184
19 years$39,408$32,239$26,193$21,151$16,990$11,461
20 years$37,046$29,958$24,039$19,156$15,176$9,980
21 years$34,911$27,905$22,111$17,386$13,580$8,703
22 years$32,972$26,048$20,379$15,808$12,173$7,600
23 years$31,205$24,362$18,816$14,396$10,927$6,644
24 years$29,588$22,826$17,402$13,130$9,822$5,814
25 years$28,102$21,421$16,117$11,991$8,838$5,092
26 years$26,733$20,132$14,948$10,964$7,961$4,463
27 years$25,467$18,947$13,881$10,036$7,177$3,914
28 years$24,294$17,853$12,904$9,195$6,476$3,435
29 years$23,203$16,843$12,008$8,432$5,848$3,016
30 years$22,188$15,906$11,185$7,738$5,284$2,649
31 years$21,239$15,037$10,428$7,107$4,777$2,327
32 years$20,352$14,228$9,729$6,532$4,321$2,046
33 years$19,520$13,474$9,084$6,006$3,911$1,799
34 years$18,739$12,770$8,488$5,526$3,541$1,582
35 years$18,004$12,112$7,935$5,087$3,207$1,391
36 years$17,312$11,496$7,423$4,685$2,906$1,224
37 years$16,658$10,919$6,948$4,317$2,634$1,077
38 years$16,041$10,377$6,507$3,979$2,388$948
39 years$15,456$9,867$6,096$3,669$2,165$834
40 years$14,902$9,388$5,714$3,384$1,964$735
41 years$14,376$8,936$5,358$3,122$1,782$647
42 years$13,877$8,511$5,026$2,881$1,617$569
43 years$13,403$8,109$4,716$2,660$1,467$501
44 years$12,951$7,730$4,427$2,456$1,332$441
45 years$12,520$7,371$4,157$2,268$1,209$389
46 years$12,110$7,032$3,904$2,095$1,098$342
47 years$11,718$6,710$3,668$1,936$997$302
48 years$11,343$6,406$3,447$1,789$905$266
49 years$10,985$6,117$3,240$1,653$822$234
50 years$10,642$5,843$3,046$1,528$747$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,900,000, adding $3,849 every year, while hoping to spend $48,074 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: 32/50/18 Blend
70$10,900,000$10,900,000$10,900,000$10,900,000
71$12,015,770$11,438,070$11,269,120$12,332,653
72$13,190,228$11,947,385$11,595,485$13,078,145
73$14,482,870$12,480,046$11,931,173$13,875,912
74$15,905,699$13,037,144$12,276,443$14,734,193
75$17,471,943$13,619,826$12,631,566$15,658,301
76$19,196,175$14,229,292$12,996,817$16,654,058
77$21,094,454$14,866,797$13,372,480$17,727,839
78$23,184,477$15,533,658$13,758,847$18,886,628
79$25,485,741$16,231,254$14,156,215$20,138,080
80$28,019,732$16,961,031$14,564,894$21,490,587
81$30,810,125$17,724,502$14,985,199$22,953,352
82$33,883,008$18,523,254$15,417,453$24,536,465
83$37,267,128$19,358,946$15,861,991$26,250,999
84$40,994,162$20,233,322$16,319,155$28,109,099
85$45,099,016$21,148,204$16,789,296$30,124,099
86$49,620,154$22,105,504$17,272,776$32,310,630
87$54,599,960$23,107,224$17,769,964$34,684,761
88$60,085,141$24,155,463$18,281,243$37,264,132
89$66,127,164$25,252,420$18,807,004$40,068,119
90$72,782,744$26,400,397$19,347,647$43,118,005
91$80,114,377$27,601,810$19,903,586$46,437,172
92$88,190,932$28,859,187$20,475,245$50,051,311
93$97,088,299$30,175,179$21,063,058$53,988,657
94$106,890,108$31,552,565$21,667,472$58,280,240
95$117,688,513$32,994,255$22,288,947$62,960,171
96$129,585,067$34,503,300$22,927,953$68,065,948
97$142,691,679$36,082,896$23,584,973$73,638,801
98$157,131,666$37,736,393$24,260,506$79,724,068
99$173,040,923$39,467,304$24,955,060$86,371,607
100$190,569,201$41,279,306$25,669,159$93,636,253