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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$924,886$916,647$908,609$900,764$893,104$887,847
2 years$457,864$449,337$441,073$433,060$425,287$419,985
3 years$302,211$293,647$285,403$277,466$269,820$264,634
4 years$224,399$215,861$207,700$199,898$192,438$187,410
5 years$177,725$169,238$161,184$153,541$146,288$141,432
6 years$146,618$138,195$130,261$122,788$115,753$111,076
7 years$124,408$116,056$108,247$100,951$94,138$89,642
8 years$107,758$99,482$91,802$84,685$78,097$73,781
9 years$94,815$86,617$79,069$72,133$65,769$61,633
10 years$84,467$76,348$68,934$62,179$56,038$52,081
11 years$76,005$67,969$60,689$54,115$48,195$44,412
12 years$68,959$61,005$53,860$47,466$41,764$38,154
13 years$63,002$55,131$48,120$41,905$36,419$32,978
14 years$57,900$50,112$43,236$37,199$31,925$28,648
15 years$53,482$45,778$39,036$33,175$28,109$24,992
16 years$49,620$42,001$35,392$29,704$24,843$21,882
17 years$46,216$38,681$32,205$26,689$22,028$19,217
18 years$43,194$35,743$29,399$24,052$19,586$16,922
19 years$40,493$33,126$26,914$21,733$17,457$14,935
20 years$38,065$30,783$24,700$19,684$15,593$13,207
21 years$35,871$28,673$22,719$17,864$13,954$11,699
22 years$33,880$26,765$20,939$16,243$12,508$10,379
23 years$32,064$25,033$19,334$14,793$11,228$9,220
24 years$30,402$23,454$17,881$13,492$10,092$8,200
25 years$28,875$22,010$16,561$12,321$9,081$7,301
26 years$27,468$20,686$15,359$11,266$8,180$6,506
27 years$26,168$19,468$14,263$10,312$7,375$5,802
28 years$24,962$18,345$13,259$9,448$6,655$5,178
29 years$23,842$17,306$12,339$8,664$6,009$4,624
30 years$22,798$16,344$11,493$7,951$5,429$4,131
31 years$21,824$15,450$10,715$7,303$4,909$3,693
32 years$20,912$14,619$9,997$6,711$4,440$3,303
33 years$20,058$13,845$9,334$6,172$4,018$2,955
34 years$19,255$13,122$8,721$5,679$3,638$2,645
35 years$18,500$12,446$8,154$5,227$3,295$2,368
36 years$17,788$11,813$7,628$4,814$2,986$2,120
37 years$17,117$11,219$7,139$4,436$2,706$1,899
38 years$16,482$10,662$6,686$4,089$2,453$1,702
39 years$15,881$10,139$6,264$3,770$2,225$1,525
40 years$15,312$9,646$5,871$3,477$2,018$1,367
41 years$14,772$9,182$5,505$3,208$1,831$1,225
42 years$14,259$8,745$5,164$2,961$1,661$1,098
43 years$13,771$8,332$4,846$2,733$1,508$985
44 years$13,307$7,942$4,549$2,524$1,368$883
45 years$12,865$7,574$4,271$2,331$1,242$792
46 years$12,443$7,225$4,011$2,153$1,128$710
47 years$12,040$6,895$3,769$1,989$1,024$637
48 years$11,655$6,582$3,541$1,838$930$572
49 years$11,287$6,286$3,329$1,698$845$513
50 years$10,935$6,004$3,130$1,570$767$460

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 $4,538 every year, while hoping to spend $27,337 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: 68/21/11 Blend
70$11,200,000$11,200,000$11,200,000$11,200,000
71$12,347,081$11,753,481$11,579,881$13,157,652
72$13,577,397$12,300,315$11,938,721$14,243,672
73$14,932,289$12,873,028$12,308,665$15,427,270
74$16,424,435$13,472,859$12,690,058$16,720,999
75$18,067,804$14,101,106$13,083,252$18,135,652
76$19,877,792$14,759,132$13,488,613$19,683,109
77$21,871,362$15,448,365$13,906,516$21,376,437
78$24,067,206$16,170,299$14,337,349$23,230,018
79$26,485,922$16,926,505$14,781,512$25,259,678
80$29,150,209$17,718,627$15,239,415$27,482,836
81$32,085,078$18,548,388$15,711,484$29,918,663
82$35,318,094$19,417,596$16,198,156$32,588,262
83$38,879,627$20,328,147$16,699,883$35,514,860
84$42,803,149$21,282,025$17,217,128$38,724,031
85$47,125,540$22,281,314$17,750,372$42,243,924
86$51,887,443$23,328,197$18,300,108$46,105,533
87$57,133,647$24,424,963$18,866,846$50,342,982
88$62,913,504$25,574,012$19,451,110$54,993,843
89$69,281,402$26,777,859$20,053,443$60,099,489
90$76,297,273$28,039,142$20,674,402$65,705,473
91$84,027,162$29,360,627$21,314,561$71,861,962
92$92,543,848$30,745,213$21,974,514$78,624,201
93$101,927,533$32,195,940$22,654,872$86,053,028
94$112,266,595$33,715,996$23,356,265$94,215,445
95$123,658,430$35,308,721$24,079,341$103,185,246
96$136,210,361$36,977,621$24,824,771$113,043,703
97$150,040,661$38,726,367$25,593,244$123,880,333
98$165,279,663$40,558,813$26,385,472$135,793,730
99$182,070,990$42,478,997$27,202,187$148,892,496
100$200,572,916$44,491,152$28,044,145$163,296,251