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

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$900,112$892,094$884,272$876,637$869,181$856,900
2 years$445,600$437,301$429,258$421,460$413,896$401,546
3 years$294,116$285,781$277,758$270,033$262,593$250,559
4 years$218,389$210,079$202,137$194,544$187,283$175,658
5 years$172,964$164,705$156,867$149,428$142,370$131,187
6 years$142,691$134,494$126,772$119,499$112,652$101,925
7 years$121,076$112,948$105,348$98,247$91,616$81,348
8 years$104,872$96,817$89,343$82,417$76,005$66,194
9 years$92,275$84,297$76,951$70,201$64,007$54,649
10 years$82,204$74,303$67,088$60,514$54,537$45,626
11 years$73,969$66,148$59,063$52,665$46,904$38,430
12 years$67,112$59,371$52,417$46,194$40,646$32,600
13 years$61,314$53,654$46,831$40,783$35,444$27,814
14 years$56,349$48,770$42,078$36,202$31,070$23,845
15 years$52,049$44,552$37,991$32,286$27,356$20,524
16 years$48,291$40,876$34,444$28,909$24,178$17,724
17 years$44,978$37,645$31,343$25,974$21,438$15,350
18 years$42,037$34,786$28,612$23,408$19,061$13,326
19 years$39,408$32,239$26,193$21,151$16,990$11,592
20 years$37,046$29,958$24,039$19,156$15,176$10,102
21 years$34,911$27,905$22,111$17,386$13,580$8,816
22 years$32,972$26,048$20,379$15,808$12,173$7,705
23 years$31,205$24,362$18,816$14,396$10,927$6,741
24 years$29,588$22,826$17,402$13,130$9,822$5,903
25 years$28,102$21,421$16,117$11,991$8,838$5,174
26 years$26,733$20,132$14,948$10,964$7,961$4,539
27 years$25,467$18,947$13,881$10,036$7,177$3,984
28 years$24,294$17,853$12,904$9,195$6,476$3,499
29 years$23,203$16,843$12,008$8,432$5,848$3,074
30 years$22,188$15,906$11,185$7,738$5,284$2,702
31 years$21,239$15,037$10,428$7,107$4,777$2,376
32 years$20,352$14,228$9,729$6,532$4,321$2,091
33 years$19,520$13,474$9,084$6,006$3,911$1,840
34 years$18,739$12,770$8,488$5,526$3,541$1,619
35 years$18,004$12,112$7,935$5,087$3,207$1,425
36 years$17,312$11,496$7,423$4,685$2,906$1,255
37 years$16,658$10,919$6,948$4,317$2,634$1,105
38 years$16,041$10,377$6,507$3,979$2,388$974
39 years$15,456$9,867$6,096$3,669$2,165$858
40 years$14,902$9,388$5,714$3,384$1,964$756
41 years$14,376$8,936$5,358$3,122$1,782$666
42 years$13,877$8,511$5,026$2,881$1,617$587
43 years$13,403$8,109$4,716$2,660$1,467$517
44 years$12,951$7,730$4,427$2,456$1,332$456
45 years$12,520$7,371$4,157$2,268$1,209$402
46 years$12,110$7,032$3,904$2,095$1,098$354
47 years$11,718$6,710$3,668$1,936$997$312
48 years$11,343$6,406$3,447$1,789$905$275
49 years$10,985$6,117$3,240$1,653$822$243
50 years$10,642$5,843$3,046$1,528$747$214

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 $6,388 every year, while hoping to spend $54,675 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: 58/18/24 Blend
70$10,900,000$10,900,000$10,900,000$10,900,000
71$12,018,389$11,440,689$11,271,739$12,637,246
72$13,186,091$11,943,109$11,591,169$13,562,616
73$14,471,066$12,468,315$11,919,467$14,564,660
74$15,885,218$13,017,366$12,256,872$15,656,035
75$17,441,665$13,591,371$12,603,631$16,845,395
76$19,154,857$14,191,491$12,959,996$18,142,260
77$21,040,721$14,818,942$13,326,224$19,557,100
78$23,116,802$15,474,999$13,702,580$21,101,440
79$25,402,437$16,160,995$14,089,338$22,787,955
80$27,918,930$16,878,328$14,486,775$24,630,597
81$30,689,757$17,628,461$14,895,178$26,644,717
82$33,740,785$18,412,929$15,314,839$28,847,213
83$37,100,520$19,233,337$15,746,061$31,256,680
84$40,800,370$20,091,368$16,189,151$33,893,590
85$44,874,946$20,988,783$16,644,426$36,780,474
86$49,362,386$21,927,429$17,112,210$39,942,139
87$54,304,717$22,909,240$17,592,836$43,405,894
88$59,748,247$23,936,242$18,086,645$47,201,806
89$65,744,007$25,010,557$18,593,987$51,362,978
90$72,348,230$26,134,409$19,115,220$55,925,862
91$79,622,882$27,310,127$19,650,712$60,930,594
92$87,636,244$28,540,152$20,200,840$66,421,373
93$96,463,563$29,827,041$20,765,989$72,446,871
94$106,187,753$31,173,472$21,346,556$79,060,688
95$116,900,185$32,582,254$21,942,947$86,321,857
96$128,701,545$34,056,326$22,555,577$94,295,390
97$141,702,787$35,598,770$23,184,873$103,052,891
98$156,026,176$37,212,815$23,831,272$112,673,228
99$171,806,447$38,901,843$24,495,220$123,243,266
100$189,192,072$40,669,401$25,177,177$134,858,687