Can I retire at age 71 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$933,143$924,831$916,722$908,807$901,078$893,528
2 years$461,952$453,349$445,011$436,926$429,085$421,475
3 years$304,909$296,268$287,951$279,943$272,229$264,796
4 years$226,403$217,789$209,555$201,683$194,156$186,957
5 years$179,311$170,749$162,623$154,912$147,594$140,650
6 years$147,927$139,429$131,424$123,884$116,786$110,106
7 years$125,519$117,093$109,214$101,852$94,979$88,564
8 years$108,720$100,370$92,622$85,441$78,794$72,646
9 years$95,662$87,390$79,775$72,777$66,356$60,473
10 years$85,221$77,030$69,550$62,734$56,538$50,917
11 years$76,684$68,575$61,231$54,598$48,625$43,261
12 years$69,575$61,550$54,341$47,890$42,137$37,025
13 years$63,564$55,623$48,550$42,279$36,745$31,879
14 years$58,417$50,560$43,622$37,531$32,210$27,584
15 years$53,959$46,187$39,385$33,471$28,360$23,968
16 years$50,063$42,376$35,708$29,970$25,065$20,900
17 years$46,629$39,027$32,493$26,927$22,224$18,279
18 years$43,580$36,062$29,662$24,267$19,761$16,027
19 years$40,855$33,422$27,154$21,927$17,613$14,085
20 years$38,405$31,057$24,921$19,859$15,732$12,401
21 years$36,192$28,929$22,922$18,024$14,079$10,937
22 years$34,182$27,004$21,126$16,388$12,620$9,659
23 years$32,350$25,256$19,506$14,925$11,328$8,542
24 years$30,673$23,664$18,040$13,612$10,182$7,562
25 years$29,133$22,207$16,709$12,431$9,162$6,701
26 years$27,714$20,871$15,497$11,367$8,253$5,944
27 years$26,402$19,642$14,390$10,404$7,441$5,275
28 years$25,185$18,509$13,377$9,532$6,714$4,686
29 years$24,055$17,461$12,449$8,741$6,063$4,164
30 years$23,002$16,490$11,596$8,022$5,478$3,702
31 years$22,019$15,588$10,810$7,368$4,953$3,294
32 years$21,099$14,750$10,086$6,771$4,480$2,931
33 years$20,237$13,968$9,417$6,227$4,054$2,609
34 years$19,427$13,239$8,799$5,729$3,671$2,324
35 years$18,665$12,557$8,227$5,274$3,325$2,070
36 years$17,947$11,918$7,696$4,857$3,012$1,844
37 years$17,269$11,320$7,203$4,475$2,730$1,644
38 years$16,629$10,758$6,745$4,125$2,475$1,465
39 years$16,023$10,229$6,320$3,803$2,245$1,306
40 years$15,449$9,732$5,923$3,508$2,036$1,165
41 years$14,904$9,264$5,554$3,237$1,847$1,039
42 years$14,387$8,823$5,210$2,987$1,676$927
43 years$13,894$8,407$4,889$2,757$1,521$827
44 years$13,426$8,013$4,589$2,546$1,381$737
45 years$12,980$7,641$4,309$2,351$1,253$658
46 years$12,554$7,290$4,047$2,172$1,138$587
47 years$12,148$6,956$3,802$2,007$1,033$524
48 years$11,759$6,641$3,573$1,854$938$467
49 years$11,388$6,342$3,358$1,714$852$417
50 years$11,033$6,058$3,157$1,584$774$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,300,000, adding $6,221 every year, while hoping to spend $23,849 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: 76/14/10 Blend
70$11,300,000$11,300,000$11,300,000$11,300,000
71$12,459,017$11,860,117$11,684,967$13,383,531
72$13,704,462$12,415,888$12,051,038$14,548,859
73$15,076,142$12,998,092$12,428,574$15,822,260
74$16,586,910$13,607,999$12,817,932$17,217,441
75$18,250,925$14,246,942$13,219,483$18,746,497
76$20,083,793$14,916,315$13,633,609$20,422,742
77$22,102,708$15,617,583$14,060,703$22,260,831
78$24,326,619$16,352,280$14,501,172$24,276,903
79$26,776,407$17,122,013$14,955,433$26,488,725
80$29,475,079$17,928,471$15,423,920$28,915,859
81$32,447,992$18,773,421$15,907,076$31,579,846
82$35,723,085$19,658,717$16,405,361$34,504,407
83$39,331,148$20,586,302$16,919,248$37,715,663
84$43,306,109$21,558,214$17,449,227$41,242,379
85$47,685,356$22,576,591$17,995,800$45,116,235
86$52,510,090$23,643,672$18,559,487$49,372,120
87$57,825,713$24,761,805$19,140,824$54,048,459
88$63,682,257$25,933,455$19,740,362$59,187,574
89$70,134,855$27,161,203$20,358,673$64,836,079
90$77,244,265$28,447,755$20,996,342$71,045,316
91$85,077,437$29,795,952$21,653,977$77,871,840
92$93,708,151$31,208,770$22,332,201$85,377,943
93$103,217,713$32,689,330$23,031,660$93,632,245
94$113,695,716$34,240,904$23,753,017$102,710,334
95$125,240,894$35,866,923$24,496,959$112,695,474
96$137,962,050$37,570,987$25,264,191$123,679,391
97$151,979,080$39,356,867$26,055,443$135,763,133
98$167,424,112$41,228,519$26,871,466$149,058,015
99$184,442,748$43,190,092$27,713,036$163,686,672
100$203,195,437$45,245,936$28,580,952$179,784,207