Can I retire at age 71 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$924,886$916,647$908,609$900,764$893,104$888,593
2 years$457,864$449,337$441,073$433,060$425,287$420,735
3 years$302,211$293,647$285,403$277,466$269,820$265,367
4 years$224,399$215,861$207,700$199,898$192,438$188,119
5 years$177,725$169,238$161,184$153,541$146,288$142,115
6 years$146,618$138,195$130,261$122,788$115,753$111,732
7 years$124,408$116,056$108,247$100,951$94,138$90,271
8 years$107,758$99,482$91,802$84,685$78,097$74,383
9 years$94,815$86,617$79,069$72,133$65,769$62,209
10 years$84,467$76,348$68,934$62,179$56,038$52,630
11 years$76,005$67,969$60,689$54,115$48,195$44,935
12 years$68,959$61,005$53,860$47,466$41,764$38,652
13 years$63,002$55,131$48,120$41,905$36,419$33,450
14 years$57,900$50,112$43,236$37,199$31,925$29,096
15 years$53,482$45,778$39,036$33,175$28,109$25,417
16 years$49,620$42,001$35,392$29,704$24,843$22,284
17 years$46,216$38,681$32,205$26,689$22,028$19,598
18 years$43,194$35,743$29,399$24,052$19,586$17,281
19 years$40,493$33,126$26,914$21,733$17,457$15,273
20 years$38,065$30,783$24,700$19,684$15,593$13,526
21 years$35,871$28,673$22,719$17,864$13,954$11,999
22 years$33,880$26,765$20,939$16,243$12,508$10,661
23 years$32,064$25,033$19,334$14,793$11,228$9,485
24 years$30,402$23,454$17,881$13,492$10,092$8,449
25 years$28,875$22,010$16,561$12,321$9,081$7,533
26 years$27,468$20,686$15,359$11,266$8,180$6,723
27 years$26,168$19,468$14,263$10,312$7,375$6,005
28 years$24,962$18,345$13,259$9,448$6,655$5,368
29 years$23,842$17,306$12,339$8,664$6,009$4,801
30 years$22,798$16,344$11,493$7,951$5,429$4,297
31 years$21,824$15,450$10,715$7,303$4,909$3,847
32 years$20,912$14,619$9,997$6,711$4,440$3,446
33 years$20,058$13,845$9,334$6,172$4,018$3,088
34 years$19,255$13,122$8,721$5,679$3,638$2,769
35 years$18,500$12,446$8,154$5,227$3,295$2,483
36 years$17,788$11,813$7,628$4,814$2,986$2,227
37 years$17,117$11,219$7,139$4,436$2,706$1,998
38 years$16,482$10,662$6,686$4,089$2,453$1,793
39 years$15,881$10,139$6,264$3,770$2,225$1,610
40 years$15,312$9,646$5,871$3,477$2,018$1,445
41 years$14,772$9,182$5,505$3,208$1,831$1,298
42 years$14,259$8,745$5,164$2,961$1,661$1,166
43 years$13,771$8,332$4,846$2,733$1,508$1,047
44 years$13,307$7,942$4,549$2,524$1,368$941
45 years$12,865$7,574$4,271$2,331$1,242$845
46 years$12,443$7,225$4,011$2,153$1,128$759
47 years$12,040$6,895$3,769$1,989$1,024$682
48 years$11,655$6,582$3,541$1,838$930$613
49 years$11,287$6,286$3,329$1,698$845$551
50 years$10,935$6,004$3,130$1,570$767$495

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,200,000, adding $3,419 every year, while hoping to spend $40,334 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: 79/11/10 Blend
70$11,200,000$11,200,000$11,200,000$11,200,000
71$12,345,927$11,752,327$11,578,727$13,300,564
72$13,562,296$12,285,276$11,923,699$14,460,809
73$14,901,383$12,842,987$12,278,876$15,727,774
74$16,375,663$13,426,632$12,644,557$17,116,517
75$17,998,881$14,037,438$13,021,050$18,639,179
76$19,786,184$14,676,689$13,408,672$20,309,125
77$21,754,261$15,345,733$13,807,749$22,141,076
78$23,921,504$16,045,982$14,218,616$24,151,239
79$26,308,176$16,778,914$14,641,619$26,357,465
80$28,936,610$17,546,081$15,077,114$28,779,409
81$31,831,412$18,349,106$15,525,464$31,438,718
82$35,019,696$19,189,693$15,987,048$34,359,234
83$38,531,342$20,069,625$16,462,251$37,567,215
84$42,399,274$20,990,772$16,951,471$41,091,582
85$46,659,775$21,955,094$17,455,120$44,964,188
86$51,352,823$22,964,644$17,973,617$49,220,121
87$56,522,475$24,021,576$18,507,398$53,898,029
88$62,217,279$25,128,145$19,056,907$59,040,483
89$68,490,733$26,286,715$19,622,605$64,694,377
90$75,401,788$27,499,765$20,204,963$70,911,369
91$83,015,409$28,769,892$20,804,468$77,748,364
92$91,403,182$30,099,819$21,421,619$85,268,052
93$100,643,995$31,492,398$22,056,931$93,539,493
94$110,824,777$32,950,620$22,710,934$102,638,765
95$122,041,325$34,477,621$23,384,170$112,649,686
96$134,399,202$36,076,686$24,077,202$123,664,594
97$148,014,737$37,751,260$24,790,604$135,785,220
98$163,016,121$39,504,953$25,524,970$149,123,642
99$179,544,619$41,341,549$26,280,910$163,803,343
100$197,755,900$43,265,015$27,059,051$179,960,369