Can I retire at age 71 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$941,401$933,016$924,835$916,849$909,052$883,139
2 years$466,040$457,361$448,949$440,793$432,882$406,976
3 years$307,607$298,890$290,500$282,420$274,638$249,552
4 years$228,406$219,716$211,409$203,468$195,874$171,800
5 years$180,898$172,260$164,062$156,283$148,900$125,904
6 years$149,236$140,663$132,587$124,981$117,820$95,922
7 years$126,630$118,129$110,180$102,754$95,819$75,020
8 years$109,682$101,258$93,442$86,197$79,491$59,780
9 years$96,508$88,163$80,481$73,421$66,943$48,299
10 years$85,975$77,712$70,165$63,290$57,039$39,438
11 years$77,362$69,182$61,772$55,081$49,055$32,468
12 years$70,191$62,094$54,821$48,313$42,510$26,905
13 years$64,127$56,115$48,979$42,653$37,070$22,412
14 years$58,934$51,007$44,008$37,863$32,495$18,749
15 years$54,437$46,596$39,733$33,767$28,611$15,739
16 years$50,506$42,751$36,024$30,235$25,287$13,251
17 years$47,042$39,372$32,781$27,166$22,421$11,182
18 years$43,965$36,381$29,924$24,482$19,936$9,455
19 years$41,216$33,718$27,394$22,121$17,769$8,008
20 years$38,745$31,332$25,141$20,035$15,872$6,792
21 years$36,512$29,185$23,125$18,183$14,203$5,767
22 years$34,485$27,243$21,313$16,533$12,731$4,902
23 years$32,637$25,480$19,679$15,057$11,428$4,170
24 years$30,945$23,873$18,200$13,733$10,272$3,549
25 years$29,391$22,404$16,857$12,541$9,243$3,023
26 years$27,959$21,056$15,634$11,467$8,326$2,577
27 years$26,635$19,816$14,517$10,496$7,507$2,197
28 years$25,408$18,672$13,496$9,617$6,773$1,874
29 years$24,268$17,615$12,559$8,819$6,116$1,598
30 years$23,205$16,636$11,698$8,093$5,526$1,364
31 years$22,214$15,726$10,906$7,433$4,996$1,164
32 years$21,286$14,880$10,175$6,831$4,520$994
33 years$20,416$14,092$9,501$6,282$4,090$849
34 years$19,599$13,356$8,877$5,780$3,703$725
35 years$18,830$12,668$8,299$5,321$3,354$619
36 years$18,106$12,024$7,764$4,900$3,039$529
37 years$17,422$11,420$7,267$4,515$2,754$452
38 years$16,776$10,853$6,805$4,162$2,497$386
39 years$16,165$10,320$6,376$3,837$2,264$330
40 years$15,586$9,819$5,976$3,539$2,054$282
41 years$15,036$9,346$5,603$3,265$1,863$241
42 years$14,514$8,901$5,256$3,014$1,691$206
43 years$14,017$8,481$4,932$2,782$1,535$176
44 years$13,545$8,084$4,630$2,569$1,393$150
45 years$13,095$7,709$4,347$2,372$1,264$128
46 years$12,665$7,354$4,083$2,191$1,148$110
47 years$12,255$7,018$3,836$2,024$1,043$94
48 years$11,863$6,700$3,605$1,871$947$80
49 years$11,489$6,398$3,388$1,729$860$68
50 years$11,130$6,111$3,185$1,598$781$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,400,000, adding $5,891 every year, while hoping to spend $30,066 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: 80/15/5 Blend
70$11,400,000$11,400,000$11,400,000$11,400,000
71$12,568,877$11,964,677$11,787,977$13,571,956
72$13,818,912$12,518,956$12,150,884$14,783,407
73$15,195,443$13,099,387$12,524,941$16,107,708
74$16,711,341$13,707,220$12,910,489$17,559,784
75$18,380,789$14,343,764$13,307,881$19,152,361
76$20,219,414$15,010,393$13,717,480$20,899,454
77$22,244,439$15,708,547$14,139,660$22,816,489
78$24,474,839$16,439,733$14,574,806$24,920,455
79$26,931,526$17,205,533$15,023,315$27,230,055
80$29,637,543$18,007,606$15,485,598$29,765,888
81$32,618,282$18,847,689$15,962,075$32,550,634
82$35,901,725$19,727,603$16,453,183$35,609,270
83$39,518,705$20,649,260$16,959,368$38,969,304
84$43,503,199$21,614,660$17,481,093$42,661,029
85$47,892,650$22,625,903$18,018,834$46,717,808
86$52,728,316$23,685,188$18,573,082$51,176,387
87$58,055,665$24,794,823$19,144,341$56,077,240
88$63,924,799$25,957,226$19,733,132$61,464,944
89$70,390,930$27,174,931$20,339,993$67,388,600
90$77,514,898$28,450,596$20,965,477$73,902,293
91$85,363,751$29,787,008$21,610,153$81,065,599
92$94,011,369$31,187,087$22,274,609$88,944,143
93$103,539,171$32,653,897$22,959,451$97,610,214
94$114,036,877$34,190,648$23,665,302$107,143,449
95$125,603,354$35,800,706$24,392,806$117,631,573
96$138,347,556$37,487,600$25,142,625$129,171,227
97$152,389,545$39,255,031$25,915,441$141,868,877
98$167,861,629$41,106,877$26,711,958$155,841,813
99$184,909,608$43,047,208$27,532,902$171,219,249
100$203,694,154$45,080,286$28,379,020$188,143,544