Can I retire at age 71 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$916,628$908,463$900,497$892,722$885,130$858,516
2 years$453,776$445,325$437,134$429,193$421,490$394,901
3 years$299,512$291,025$282,855$274,988$267,411$241,680
4 years$222,396$213,934$205,846$198,114$190,720$166,045
5 years$176,138$167,727$159,745$152,170$144,982$121,430
6 years$145,309$136,962$129,098$121,692$114,719$92,312
7 years$123,297$115,020$107,281$100,049$93,298$72,033
8 years$106,796$98,593$90,983$83,929$77,399$57,264
9 years$93,968$85,843$78,363$71,489$65,181$46,155
10 years$83,712$75,667$68,319$61,624$55,538$37,592
11 years$75,327$67,362$60,147$53,631$47,764$30,869
12 years$68,343$60,460$53,379$47,042$41,392$25,513
13 years$62,439$54,638$47,690$41,531$36,094$21,195
14 years$57,383$49,665$42,850$36,867$31,640$17,682
15 years$53,004$45,370$38,688$32,879$27,858$14,802
16 years$49,177$41,626$35,076$29,439$24,621$12,425
17 years$45,804$38,336$31,918$26,451$21,831$10,455
18 years$42,808$35,424$29,137$23,838$19,411$8,814
19 years$40,132$32,831$26,673$21,539$17,302$7,443
20 years$37,725$30,508$24,480$19,508$15,454$6,293
21 years$35,551$28,417$22,517$17,705$13,830$5,327
22 years$33,577$26,526$20,752$16,098$12,396$4,514
23 years$31,778$24,809$19,161$14,660$11,128$3,828
24 years$30,131$23,245$17,721$13,371$10,002$3,248
25 years$28,618$21,814$16,413$12,211$9,000$2,758
26 years$27,223$20,502$15,222$11,165$8,107$2,343
27 years$25,934$19,294$14,135$10,220$7,309$1,991
28 years$24,739$18,181$13,141$9,364$6,595$1,692
29 years$23,629$17,152$12,228$8,587$5,955$1,439
30 years$22,595$16,198$11,390$7,880$5,381$1,224
31 years$21,629$15,312$10,619$7,238$4,865$1,041
32 years$20,726$14,489$9,908$6,652$4,401$886
33 years$19,878$13,721$9,251$6,117$3,983$754
34 years$19,083$13,004$8,643$5,628$3,606$642
35 years$18,335$12,334$8,081$5,181$3,266$546
36 years$17,629$11,707$7,560$4,771$2,959$465
37 years$16,964$11,119$7,076$4,396$2,682$396
38 years$16,335$10,567$6,626$4,052$2,431$337
39 years$15,740$10,048$6,208$3,736$2,205$287
40 years$15,175$9,560$5,819$3,446$2,000$245
41 years$14,640$9,100$5,456$3,179$1,814$208
42 years$14,132$8,667$5,118$2,934$1,646$177
43 years$13,649$8,258$4,802$2,709$1,494$151
44 years$13,188$7,871$4,508$2,501$1,356$129
45 years$12,750$7,506$4,233$2,310$1,231$110
46 years$12,332$7,161$3,976$2,134$1,118$93
47 years$11,933$6,833$3,735$1,971$1,015$79
48 years$11,551$6,523$3,510$1,821$922$68
49 years$11,186$6,229$3,299$1,683$837$58
50 years$10,837$5,951$3,102$1,556$760$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,100,000, adding $3,250 every year, while hoping to spend $34,302 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: 44/42/14 Blend
70$11,100,000$11,100,000$11,100,000$11,100,000
71$12,235,552$11,647,252$11,475,202$12,724,433
72$13,447,082$12,181,471$11,823,125$13,600,381
73$14,781,037$12,740,716$12,181,553$14,545,524
74$16,249,870$13,326,179$12,550,802$15,569,185
75$17,867,301$13,939,105$12,931,198$16,678,613
76$19,648,449$14,580,804$13,323,076$17,881,765
77$21,609,971$15,252,644$13,726,780$19,187,370
78$23,770,227$15,956,062$14,142,665$20,605,016
79$26,149,444$16,692,563$14,571,098$22,145,225
80$28,769,912$17,463,724$15,012,455$23,819,556
81$31,656,195$18,271,198$15,467,124$25,640,703
82$34,835,359$19,116,719$15,935,505$27,622,612
83$38,337,230$20,002,102$16,418,008$29,780,605
84$42,194,674$20,929,253$16,915,059$32,131,518
85$46,443,910$21,900,165$17,427,093$34,693,856
86$51,124,848$22,916,932$17,954,559$37,487,956
87$56,281,466$23,981,746$18,497,920$40,536,176
88$61,962,229$25,096,904$19,057,654$43,863,097
89$68,220,541$26,264,818$19,634,250$47,495,747
90$75,115,254$27,488,011$20,228,215$51,463,847
91$82,711,217$28,769,131$20,840,068$55,800,084
92$91,079,897$30,110,954$21,470,346$60,540,410
93$100,300,044$31,516,389$22,119,600$65,724,372
94$110,458,442$32,988,484$22,788,400$71,395,475
95$121,650,721$34,530,438$23,477,329$77,601,582
96$133,982,266$36,145,602$24,186,992$84,395,356
97$147,569,209$37,837,488$24,918,008$91,834,745
98$162,539,524$39,609,781$25,671,017$99,983,516
99$179,034,237$41,466,341$26,446,676$108,911,846
100$197,208,753$43,411,216$27,245,665$118,696,970