Can I retire at age 71 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$949,659$941,200$932,947$924,892$917,026$880,642
2 years$470,128$461,373$452,887$444,660$436,679$400,474
3 years$310,306$301,512$293,048$284,898$277,047$242,161
4 years$230,410$221,643$213,264$205,253$197,592$164,290
5 years$182,485$173,771$165,501$157,654$150,207$118,573
6 years$150,546$141,897$133,750$126,077$118,853$88,909
7 years$127,741$119,165$111,147$103,655$96,660$68,394
8 years$110,645$102,146$94,261$86,953$80,188$53,572
9 years$97,355$88,937$81,187$74,065$67,530$42,523
10 years$86,729$78,393$70,781$63,845$57,539$34,093
11 years$78,041$69,789$62,314$55,564$49,486$27,545
12 years$70,806$62,639$55,302$48,737$42,883$22,389
13 years$64,689$56,607$49,409$43,028$37,395$18,285
14 years$59,451$51,454$44,394$38,195$32,780$14,991
15 years$54,914$47,005$40,082$34,063$28,862$12,328
16 years$50,949$43,126$36,340$30,500$25,509$10,163
17 years$47,454$39,717$33,068$27,404$22,618$8,396
18 years$44,351$36,701$30,187$24,697$20,111$6,947
19 years$41,578$34,014$27,635$22,315$17,925$5,756
20 years$39,085$31,607$25,362$20,211$16,011$4,775
21 years$36,832$29,441$23,328$18,343$14,328$3,964
22 years$34,787$27,482$21,500$16,678$12,843$3,294
23 years$32,923$25,703$19,852$15,189$11,529$2,739
24 years$31,216$24,082$18,359$13,853$10,362$2,278
25 years$29,649$22,600$17,005$12,651$9,324$1,896
26 years$28,204$21,240$15,771$11,568$8,399$1,579
27 years$26,869$19,990$14,645$10,588$7,572$1,315
28 years$25,631$18,836$13,614$9,701$6,833$1,095
29 years$24,481$17,770$12,669$8,896$6,170$912
30 years$23,409$16,782$11,801$8,164$5,575$760
31 years$22,408$15,864$11,002$7,498$5,040$634
32 years$21,472$15,011$10,265$6,891$4,559$528
33 years$20,595$14,215$9,584$6,337$4,126$440
34 years$19,771$13,473$8,955$5,831$3,736$367
35 years$18,995$12,779$8,372$5,367$3,384$306
36 years$18,265$12,129$7,832$4,943$3,066$255
37 years$17,575$11,520$7,331$4,555$2,779$213
38 years$16,923$10,948$6,865$4,198$2,519$177
39 years$16,307$10,410$6,432$3,871$2,284$148
40 years$15,722$9,905$6,028$3,570$2,072$123
41 years$15,168$9,428$5,653$3,294$1,880$103
42 years$14,641$8,979$5,302$3,040$1,706$86
43 years$14,140$8,555$4,976$2,806$1,548$72
44 years$13,664$8,155$4,670$2,591$1,405$60
45 years$13,209$7,777$4,385$2,393$1,276$50
46 years$12,776$7,419$4,119$2,210$1,158$42
47 years$12,363$7,080$3,870$2,042$1,052$35
48 years$11,967$6,758$3,636$1,887$955$29
49 years$11,590$6,454$3,418$1,744$867$24
50 years$11,228$6,165$3,213$1,612$788$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,500,000, adding $6,322 every year, while hoping to spend $33,754 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: 39/32/29 Blend
70$11,500,000$11,500,000$11,500,000$11,500,000
71$12,679,521$12,070,021$11,891,771$13,064,786
72$13,936,918$12,625,538$12,254,231$13,903,067
73$15,321,439$13,207,144$12,627,703$14,805,349
74$16,846,013$13,816,082$13,012,519$15,780,400
75$18,524,891$14,453,654$13,409,022$16,834,884
76$20,373,772$15,121,226$13,817,567$17,976,115
77$22,409,959$15,820,228$14,238,517$19,212,117
78$24,652,515$16,552,160$14,672,248$20,551,699
79$27,122,450$17,318,593$15,119,147$22,004,535
80$29,842,912$18,121,177$15,579,611$23,581,246
81$32,839,412$18,961,637$16,054,050$25,293,499
82$36,140,059$19,841,785$16,542,888$27,154,108
83$39,775,829$20,763,516$17,046,559$29,177,155
84$43,780,857$21,728,822$17,565,512$31,378,111
85$48,192,756$22,739,786$18,100,209$33,773,981
86$53,052,976$23,798,594$18,651,124$36,383,455
87$58,407,192$24,907,538$19,218,749$39,227,080
88$64,305,736$26,069,018$19,803,588$42,327,445
89$70,804,074$27,285,553$20,406,161$45,709,388
90$77,963,326$28,559,781$21,027,004$49,400,225
91$85,850,844$29,894,469$21,666,668$53,429,996
92$94,540,850$31,292,518$22,325,721$57,831,745
93$104,115,133$32,756,968$23,004,748$62,641,818
94$114,663,823$34,291,005$23,704,354$67,900,204
95$126,286,241$35,897,973$24,425,158$73,650,895
96$139,091,837$37,581,373$25,167,800$79,942,299
97$153,201,222$39,344,878$25,932,939$86,827,683
98$168,747,308$41,192,338$26,721,254$94,365,666
99$185,876,562$43,127,791$27,533,444$102,620,759
100$204,750,385$45,155,467$28,370,228$111,663,969