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%14.4%
1 years$916,628$908,463$900,497$892,722$885,130$869,036
2 years$453,776$445,325$437,134$429,193$421,490$405,334
3 years$299,512$291,025$282,855$274,988$267,411$251,695
4 years$222,396$213,934$205,846$198,114$190,720$175,565
5 years$176,138$167,727$159,745$152,170$144,982$130,433
6 years$145,309$136,962$129,098$121,692$114,719$100,791
7 years$123,297$115,020$107,281$100,049$93,298$79,994
8 years$106,796$98,593$90,983$83,929$77,399$64,718
9 years$93,968$85,843$78,363$71,489$65,181$53,114
10 years$83,712$75,667$68,319$61,624$55,538$44,074
11 years$75,327$67,362$60,147$53,631$47,764$36,890
12 years$68,343$60,460$53,379$47,042$41,392$31,093
13 years$62,439$54,638$47,690$41,531$36,094$26,355
14 years$57,383$49,665$42,850$36,867$31,640$22,443
15 years$53,004$45,370$38,688$32,879$27,858$19,185
16 years$49,177$41,626$35,076$29,439$24,621$16,452
17 years$45,804$38,336$31,918$26,451$21,831$14,147
18 years$42,808$35,424$29,137$23,838$19,411$12,193
19 years$40,132$32,831$26,673$21,539$17,302$10,529
20 years$37,725$30,508$24,480$19,508$15,454$9,107
21 years$35,551$28,417$22,517$17,705$13,830$7,889
22 years$33,577$26,526$20,752$16,098$12,396$6,841
23 years$31,778$24,809$19,161$14,660$11,128$5,939
24 years$30,131$23,245$17,721$13,371$10,002$5,161
25 years$28,618$21,814$16,413$12,211$9,000$4,488
26 years$27,223$20,502$15,222$11,165$8,107$3,905
27 years$25,934$19,294$14,135$10,220$7,309$3,400
28 years$24,739$18,181$13,141$9,364$6,595$2,962
29 years$23,629$17,152$12,228$8,587$5,955$2,582
30 years$22,595$16,198$11,390$7,880$5,381$2,251
31 years$21,629$15,312$10,619$7,238$4,865$1,963
32 years$20,726$14,489$9,908$6,652$4,401$1,713
33 years$19,878$13,721$9,251$6,117$3,983$1,495
34 years$19,083$13,004$8,643$5,628$3,606$1,304
35 years$18,335$12,334$8,081$5,181$3,266$1,139
36 years$17,629$11,707$7,560$4,771$2,959$994
37 years$16,964$11,119$7,076$4,396$2,682$868
38 years$16,335$10,567$6,626$4,052$2,431$758
39 years$15,740$10,048$6,208$3,736$2,205$662
40 years$15,175$9,560$5,819$3,446$2,000$579
41 years$14,640$9,100$5,456$3,179$1,814$505
42 years$14,132$8,667$5,118$2,934$1,646$442
43 years$13,649$8,258$4,802$2,709$1,494$386
44 years$13,188$7,871$4,508$2,501$1,356$337
45 years$12,750$7,506$4,233$2,310$1,231$295
46 years$12,332$7,161$3,976$2,134$1,118$257
47 years$11,933$6,833$3,735$1,971$1,015$225
48 years$11,551$6,523$3,510$1,821$922$197
49 years$11,186$6,229$3,299$1,683$837$172
50 years$10,837$5,951$3,102$1,556$760$150

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 $3,410 every year, while hoping to spend $50,510 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: 73/14/13 Blend
70$11,100,000$11,100,000$11,100,000$11,100,000
71$12,235,717$11,647,417$11,475,367$13,095,157
72$13,430,018$12,164,399$11,806,050$14,181,182
73$14,744,445$12,705,019$12,146,118$15,363,816
74$16,191,197$13,270,384$12,495,831$16,657,835
75$17,783,717$13,861,650$12,855,459$18,074,259
76$19,536,815$14,480,030$13,225,276$19,625,218
77$21,466,814$15,126,795$13,605,566$21,324,066
78$23,591,695$15,803,274$13,996,619$23,185,505
79$25,931,275$16,510,861$14,398,733$25,225,721
80$28,507,388$17,251,017$14,812,214$27,462,534
81$31,344,096$18,025,271$15,237,377$29,915,567
82$34,467,910$18,835,226$15,674,545$32,606,428
83$37,908,045$19,682,559$16,124,050$35,558,909
84$41,696,692$20,569,031$16,586,233$38,799,212
85$45,869,325$21,496,484$17,061,442$42,356,191
86$50,465,033$22,466,849$17,550,037$46,261,625
87$55,526,889$23,482,148$18,052,387$50,550,510
88$61,102,360$24,544,501$18,568,870$55,261,393
89$67,243,748$25,656,129$19,099,874$60,436,729
90$74,008,690$26,819,359$19,645,799$66,123,279
91$81,460,697$28,036,628$20,207,054$72,372,550
92$89,669,757$29,310,492$20,784,059$79,241,275
93$98,712,993$30,643,627$21,377,246$86,791,948
94$108,675,392$32,038,839$21,987,058$95,093,411
95$119,650,607$33,499,067$22,613,949$104,221,494
96$131,741,839$35,027,391$23,258,387$114,259,736
97$145,062,813$36,627,040$23,920,849$125,300,161
98$159,738,851$38,301,395$24,601,828$137,444,150
99$175,908,053$40,054,003$25,301,829$150,803,388
100$193,722,602$41,888,577$26,021,368$165,500,914