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%12.1%
1 years$949,659$941,200$932,947$924,892$917,026$908,963
2 years$470,128$461,373$452,887$444,660$436,679$428,554
3 years$310,306$301,512$293,048$284,898$277,047$269,112
4 years$230,410$221,643$213,264$205,253$197,592$189,908
5 years$182,485$173,771$165,501$157,654$150,207$142,796
6 years$150,546$141,897$133,750$126,077$118,853$111,725
7 years$127,741$119,165$111,147$103,655$96,660$89,817
8 years$110,645$102,146$94,261$86,953$80,188$73,632
9 years$97,355$88,937$81,187$74,065$67,530$61,258
10 years$86,729$78,393$70,781$63,845$57,539$51,547
11 years$78,041$69,789$62,314$55,564$49,486$43,769
12 years$70,806$62,639$55,302$48,737$42,883$37,436
13 years$64,689$56,607$49,409$43,028$37,395$32,212
14 years$59,451$51,454$44,394$38,195$32,780$27,854
15 years$54,914$47,005$40,082$34,063$28,862$24,187
16 years$50,949$43,126$36,340$30,500$25,509$21,076
17 years$47,454$39,717$33,068$27,404$22,618$18,420
18 years$44,351$36,701$30,187$24,697$20,111$16,140
19 years$41,578$34,014$27,635$22,315$17,925$14,173
20 years$39,085$31,607$25,362$20,211$16,011$12,470
21 years$36,832$29,441$23,328$18,343$14,328$10,989
22 years$34,787$27,482$21,500$16,678$12,843$9,699
23 years$32,923$25,703$19,852$15,189$11,529$8,570
24 years$31,216$24,082$18,359$13,853$10,362$7,581
25 years$29,649$22,600$17,005$12,651$9,324$6,713
26 years$28,204$21,240$15,771$11,568$8,399$5,949
27 years$26,869$19,990$14,645$10,588$7,572$5,276
28 years$25,631$18,836$13,614$9,701$6,833$4,683
29 years$24,481$17,770$12,669$8,896$6,170$4,158
30 years$23,409$16,782$11,801$8,164$5,575$3,694
31 years$22,408$15,864$11,002$7,498$5,040$3,283
32 years$21,472$15,011$10,265$6,891$4,559$2,920
33 years$20,595$14,215$9,584$6,337$4,126$2,597
34 years$19,771$13,473$8,955$5,831$3,736$2,311
35 years$18,995$12,779$8,372$5,367$3,384$2,057
36 years$18,265$12,129$7,832$4,943$3,066$1,831
37 years$17,575$11,520$7,331$4,555$2,779$1,630
38 years$16,923$10,948$6,865$4,198$2,519$1,452
39 years$16,307$10,410$6,432$3,871$2,284$1,294
40 years$15,722$9,905$6,028$3,570$2,072$1,152
41 years$15,168$9,428$5,653$3,294$1,880$1,027
42 years$14,641$8,979$5,302$3,040$1,706$915
43 years$14,140$8,555$4,976$2,806$1,548$816
44 years$13,664$8,155$4,670$2,591$1,405$727
45 years$13,209$7,777$4,385$2,393$1,276$648
46 years$12,776$7,419$4,119$2,210$1,158$578
47 years$12,363$7,080$3,870$2,042$1,052$515
48 years$11,967$6,758$3,636$1,887$955$459
49 years$11,590$6,454$3,418$1,744$867$410
50 years$11,228$6,165$3,213$1,612$788$365

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 $2,895 every year, while hoping to spend $52,483 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: 58/18/24 Blend
70$11,500,000$11,500,000$11,500,000$11,500,000
71$12,675,986$12,066,486$11,888,236$13,328,908
72$13,913,095$12,601,903$12,230,651$14,310,121
73$15,274,630$13,161,795$12,582,777$15,373,554
74$16,773,228$13,747,308$12,944,885$16,531,909
75$18,422,811$14,359,640$13,317,252$17,794,381
76$20,238,720$15,000,045$13,700,163$19,171,083
77$22,237,861$15,669,839$14,093,910$20,673,141
78$24,438,861$16,370,399$14,498,794$22,312,795
79$26,862,243$17,103,167$14,915,122$24,103,513
80$29,530,626$17,869,656$15,343,212$26,060,114
81$32,468,928$18,671,448$15,783,389$28,198,907
82$35,704,613$19,510,202$16,235,986$30,537,839
83$39,267,938$20,387,657$16,701,346$33,096,666
84$43,192,249$21,305,633$17,179,822$35,897,129
85$47,514,287$22,266,038$17,671,775$38,963,165
86$52,274,540$23,270,870$18,177,575$42,321,120
87$57,517,624$24,322,223$18,697,605$46,000,000
88$63,292,701$25,422,292$19,232,255$50,031,741
89$69,653,948$26,573,375$19,781,926$54,451,503
90$76,661,061$27,777,881$20,347,031$59,297,999
91$84,379,825$29,038,333$20,927,993$64,613,859
92$92,882,733$30,357,377$21,525,246$70,446,023
93$102,249,666$31,737,783$22,139,236$76,846,183
94$112,568,653$33,182,456$22,770,422$83,871,266
95$123,936,697$34,694,437$23,419,272$91,583,962
96$136,460,691$36,276,915$24,086,268$100,053,316
97$150,258,429$37,933,232$24,771,907$109,355,372
98$165,459,718$39,666,890$25,476,694$119,573,883
99$182,207,598$41,481,556$26,201,153$130,801,097
100$200,659,699$43,381,078$26,945,816$143,138,625