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%14.4%
1 years$933,143$924,831$916,722$908,807$901,078$884,695
2 years$461,952$453,349$445,011$436,926$429,085$412,637
3 years$304,909$296,268$287,951$279,943$272,229$256,230
4 years$226,403$217,789$209,555$201,683$194,156$178,729
5 years$179,311$170,749$162,623$154,912$147,594$132,783
6 years$147,927$139,429$131,424$123,884$116,786$102,607
7 years$125,519$117,093$109,214$101,852$94,979$81,436
8 years$108,720$100,370$92,622$85,441$78,794$65,884
9 years$95,662$87,390$79,775$72,777$66,356$54,071
10 years$85,221$77,030$69,550$62,734$56,538$44,868
11 years$76,684$68,575$61,231$54,598$48,625$37,555
12 years$69,575$61,550$54,341$47,890$42,137$31,653
13 years$63,564$55,623$48,550$42,279$36,745$26,830
14 years$58,417$50,560$43,622$37,531$32,210$22,847
15 years$53,959$46,187$39,385$33,471$28,360$19,530
16 years$50,063$42,376$35,708$29,970$25,065$16,749
17 years$46,629$39,027$32,493$26,927$22,224$14,402
18 years$43,580$36,062$29,662$24,267$19,761$12,413
19 years$40,855$33,422$27,154$21,927$17,613$10,719
20 years$38,405$31,057$24,921$19,859$15,732$9,271
21 years$36,192$28,929$22,922$18,024$14,079$8,031
22 years$34,182$27,004$21,126$16,388$12,620$6,965
23 years$32,350$25,256$19,506$14,925$11,328$6,046
24 years$30,673$23,664$18,040$13,612$10,182$5,254
25 years$29,133$22,207$16,709$12,431$9,162$4,569
26 years$27,714$20,871$15,497$11,367$8,253$3,976
27 years$26,402$19,642$14,390$10,404$7,441$3,462
28 years$25,185$18,509$13,377$9,532$6,714$3,016
29 years$24,055$17,461$12,449$8,741$6,063$2,628
30 years$23,002$16,490$11,596$8,022$5,478$2,291
31 years$22,019$15,588$10,810$7,368$4,953$1,999
32 years$21,099$14,750$10,086$6,771$4,480$1,744
33 years$20,237$13,968$9,417$6,227$4,054$1,521
34 years$19,427$13,239$8,799$5,729$3,671$1,328
35 years$18,665$12,557$8,227$5,274$3,325$1,159
36 years$17,947$11,918$7,696$4,857$3,012$1,012
37 years$17,269$11,320$7,203$4,475$2,730$884
38 years$16,629$10,758$6,745$4,125$2,475$772
39 years$16,023$10,229$6,320$3,803$2,245$674
40 years$15,449$9,732$5,923$3,508$2,036$589
41 years$14,904$9,264$5,554$3,237$1,847$515
42 years$14,387$8,823$5,210$2,987$1,676$450
43 years$13,894$8,407$4,889$2,757$1,521$393
44 years$13,426$8,013$4,589$2,546$1,381$343
45 years$12,980$7,641$4,309$2,351$1,253$300
46 years$12,554$7,290$4,047$2,172$1,138$262
47 years$12,148$6,956$3,802$2,007$1,033$229
48 years$11,759$6,641$3,573$1,854$938$200
49 years$11,388$6,342$3,358$1,714$852$175
50 years$11,033$6,058$3,157$1,584$774$153

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 $4,883 every year, while hoping to spend $33,356 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: 68/22/10 Blend
70$11,300,000$11,300,000$11,300,000$11,300,000
71$12,457,637$11,858,737$11,683,587$13,279,092
72$13,692,825$12,404,324$12,039,496$14,370,771
73$15,052,885$12,975,528$12,406,211$15,559,761
74$16,550,518$13,573,567$12,784,058$16,859,189
75$18,199,719$14,199,721$13,173,372$18,279,873
76$20,015,912$14,855,329$13,574,502$19,833,716
77$22,016,092$15,541,796$13,987,804$21,533,814
78$24,218,984$16,260,595$14,413,647$23,394,578
79$26,645,225$17,013,269$14,852,408$25,431,866
80$29,317,553$17,801,434$15,304,479$27,663,132
81$32,261,026$18,626,787$15,770,261$30,107,586
82$35,503,255$19,491,104$16,250,170$32,786,371
83$39,074,667$20,396,248$16,744,630$35,722,764
84$43,008,790$21,344,172$17,254,083$38,942,384
85$47,342,573$22,336,921$17,778,980$42,473,437
86$52,116,727$23,376,643$18,319,789$46,346,977
87$57,376,120$24,465,585$18,876,988$50,597,192
88$63,170,191$25,606,105$19,451,074$55,261,727
89$69,553,421$26,800,675$20,042,555$60,382,029
90$76,585,846$28,051,884$20,651,957$66,003,741
91$84,333,624$29,362,449$21,279,820$72,177,122
92$92,869,661$30,735,216$21,926,701$78,957,517
93$102,274,295$32,173,170$22,593,174$86,405,878
94$112,636,057$33,679,439$23,279,829$94,589,330
95$124,052,507$35,257,304$23,987,276$103,581,800
96$136,631,154$36,910,203$24,716,140$113,464,709
97$150,490,469$38,641,740$25,467,068$124,327,734
98$165,761,007$40,455,696$26,240,725$136,269,649
99$182,586,636$42,356,031$27,037,796$149,399,248
100$201,125,896$44,346,899$27,858,985$163,836,366