Can I retire at age 71 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$908,370$900,278$892,384$884,679$877,155$868,356
2 years$449,688$441,313$433,196$425,327$417,693$408,831
3 years$296,814$288,403$280,307$272,511$265,002$256,351
4 years$220,392$212,007$203,991$196,329$189,001$180,629
5 years$174,551$166,216$158,306$150,799$143,676$135,606
6 years$144,000$135,728$127,935$120,595$113,686$105,929
7 years$122,187$113,984$106,314$99,148$92,457$85,016
8 years$105,834$97,705$90,163$83,173$76,702$69,576
9 years$93,122$85,070$77,657$70,845$64,594$57,782
10 years$82,958$74,985$67,703$61,069$55,037$48,534
11 years$74,648$66,755$59,605$53,148$47,334$41,134
12 years$67,728$59,915$52,898$46,618$41,019$35,116
13 years$61,877$54,146$47,261$41,157$35,769$30,157
14 years$56,866$49,217$42,464$36,534$31,355$26,026
15 years$52,527$44,961$38,339$32,582$27,607$22,554
16 years$48,734$41,251$34,760$29,174$24,400$19,612
17 years$45,391$37,990$31,630$26,213$21,634$17,105
18 years$42,423$35,105$28,874$23,623$19,236$14,956
19 years$39,770$32,535$26,433$21,345$17,146$13,105
20 years$37,386$30,233$24,259$19,332$15,315$11,505
21 years$35,231$28,161$22,314$17,545$13,705$10,116
22 years$33,275$26,287$20,566$15,953$12,285$8,908
23 years$31,491$24,586$18,989$14,528$11,027$7,854
24 years$29,859$23,035$17,561$13,251$9,912$6,931
25 years$28,360$21,617$16,265$12,101$8,919$6,123
26 years$26,978$20,317$15,085$11,065$8,034$5,414
27 years$25,701$19,121$14,008$10,128$7,243$4,790
28 years$24,517$18,017$13,022$9,279$6,536$4,241
29 years$23,416$16,997$12,118$8,509$5,902$3,757
30 years$22,391$16,052$11,288$7,809$5,332$3,329
31 years$21,434$15,175$10,523$7,172$4,821$2,952
32 years$20,539$14,358$9,818$6,592$4,361$2,618
33 years$19,699$13,597$9,167$6,061$3,947$2,323
34 years$18,911$12,887$8,565$5,577$3,573$2,062
35 years$18,169$12,223$8,008$5,134$3,236$1,831
36 years$17,471$11,602$7,491$4,728$2,932$1,626
37 years$16,811$11,019$7,012$4,357$2,658$1,444
38 years$16,188$10,472$6,566$4,016$2,409$1,283
39 years$15,598$9,958$6,152$3,702$2,185$1,140
40 years$15,039$9,474$5,766$3,415$1,982$1,013
41 years$14,508$9,018$5,407$3,151$1,798$900
42 years$14,005$8,589$5,072$2,908$1,632$800
43 years$13,526$8,183$4,759$2,684$1,481$711
44 years$13,070$7,801$4,467$2,478$1,344$632
45 years$12,635$7,439$4,195$2,289$1,220$562
46 years$12,221$7,096$3,940$2,114$1,108$500
47 years$11,825$6,772$3,701$1,953$1,006$445
48 years$11,447$6,465$3,478$1,805$914$395
49 years$11,086$6,173$3,269$1,668$830$352
50 years$10,740$5,897$3,074$1,542$754$313

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,000,000, adding $4,742 every year, while hoping to spend $23,028 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: 28/43/29 Blend
70$11,000,000$11,000,000$11,000,000$11,000,000
71$12,126,891$11,543,891$11,373,391$12,357,462
72$13,339,333$12,085,040$11,729,898$13,084,264
73$14,674,671$12,651,934$12,097,577$13,862,249
74$16,145,418$13,245,809$12,476,776$14,697,641
75$17,765,360$13,867,963$12,867,857$15,595,387
76$19,549,689$14,519,756$13,271,193$16,560,900
77$21,515,146$15,202,612$13,687,166$17,600,103
78$23,680,178$15,918,027$14,116,173$18,719,481
79$26,065,114$16,667,568$14,558,623$19,926,136
80$28,692,354$17,452,878$15,014,935$21,227,847
81$31,586,583$18,275,678$15,485,545$22,633,139
82$34,775,004$19,137,776$15,970,900$24,151,353
83$38,287,591$20,041,063$16,471,462$25,792,731
84$42,157,377$20,987,527$16,987,707$27,568,504
85$46,420,761$21,979,247$17,520,126$29,490,990
86$51,117,854$23,018,406$18,069,227$31,573,701
87$56,292,860$24,107,293$18,635,531$33,831,465
88$61,994,488$25,248,306$19,219,577$36,280,557
89$68,276,414$26,443,961$19,821,921$38,938,839
90$75,197,789$27,696,896$20,443,136$41,825,924
91$82,823,795$29,009,876$21,083,813$44,963,351
92$91,226,263$30,385,800$21,744,561$48,374,773
93$100,484,347$31,827,710$22,426,009$52,086,175
94$110,685,275$33,338,792$23,128,806$56,126,104
95$121,925,171$34,922,391$23,853,619$60,525,929
96$134,309,962$36,582,011$24,601,138$65,320,121
97$147,956,376$38,321,328$25,372,074$70,546,569
98$162,993,049$40,144,196$26,167,161$76,246,925
99$179,561,734$42,054,655$26,987,155$82,466,976
100$197,818,641$44,056,944$27,832,835$89,257,069