Can I retire at age 71 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$957,917$949,385$941,060$932,934$925,000$911,930
2 years$474,216$465,385$456,825$448,526$440,476$427,334
3 years$313,004$304,134$295,596$287,375$279,456$266,650
4 years$232,413$223,571$215,118$207,038$199,311$186,939
5 years$184,072$175,282$166,941$159,025$151,513$139,612
6 years$151,855$143,131$134,913$127,173$119,887$108,470
7 years$128,851$120,201$112,113$104,556$97,500$86,572
8 years$111,607$103,035$95,081$87,710$80,886$70,445
9 years$98,201$89,710$81,893$74,709$68,118$58,159
10 years$87,483$79,075$71,396$64,400$58,040$48,556
11 years$78,720$70,396$62,856$56,047$49,916$40,898
12 years$71,422$63,184$55,783$49,161$43,256$34,693
13 years$65,252$57,100$49,839$43,402$37,720$29,601
14 years$59,968$51,902$44,780$38,527$33,065$25,376
15 years$55,392$47,413$40,431$34,360$29,113$21,842
16 years$51,392$43,501$36,656$30,765$25,730$18,862
17 years$47,867$40,063$33,356$27,642$22,814$16,336
18 years$44,737$37,020$30,449$24,911$20,285$14,181
19 years$41,939$34,309$27,875$22,509$18,081$12,336
20 years$39,425$31,882$25,582$20,387$16,150$10,750
21 years$37,153$29,697$23,531$18,502$14,453$9,383
22 years$35,090$27,721$21,687$16,823$12,955$8,199
23 years$33,209$25,927$20,024$15,321$11,629$7,174
24 years$31,488$24,292$18,519$13,973$10,452$6,282
25 years$29,907$22,797$17,152$12,761$9,405$5,507
26 years$28,449$21,425$15,908$11,668$8,472$4,830
27 years$27,102$20,164$14,772$10,680$7,638$4,240
28 years$25,854$19,000$13,732$9,785$6,892$3,723
29 years$24,694$17,924$12,779$8,973$6,223$3,272
30 years$23,613$16,928$11,903$8,235$5,623$2,876
31 years$22,603$16,002$11,097$7,564$5,084$2,529
32 years$21,659$15,141$10,354$6,951$4,599$2,225
33 years$20,774$14,339$9,667$6,392$4,162$1,958
34 years$19,943$13,590$9,033$5,881$3,768$1,723
35 years$19,160$12,890$8,445$5,414$3,413$1,517
36 years$18,423$12,235$7,900$4,986$3,092$1,336
37 years$17,728$11,620$7,394$4,594$2,803$1,176
38 years$17,071$11,043$6,924$4,235$2,541$1,036
39 years$16,449$10,501$6,487$3,904$2,304$913
40 years$15,859$9,991$6,081$3,601$2,090$804
41 years$15,300$9,510$5,702$3,323$1,896$709
42 years$14,768$9,057$5,348$3,066$1,720$624
43 years$14,263$8,630$5,019$2,831$1,561$550
44 years$13,782$8,226$4,711$2,614$1,417$485
45 years$13,324$7,844$4,423$2,414$1,287$428
46 years$12,887$7,483$4,155$2,230$1,168$377
47 years$12,470$7,141$3,903$2,060$1,061$332
48 years$12,072$6,817$3,668$1,903$963$293
49 years$11,690$6,510$3,448$1,759$875$258
50 years$11,326$6,219$3,241$1,626$795$228

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,600,000, adding $5,150 every year, while hoping to spend $56,303 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$11,600,000$11,600,000$11,600,000$11,600,000
71$12,788,512$12,173,712$11,993,912$13,177,128
72$14,033,035$12,710,318$12,335,802$13,998,847
73$15,402,611$13,271,331$12,687,259$14,881,244
74$16,909,938$13,857,887$13,048,542$15,834,367
75$18,569,004$14,471,176$13,419,921$16,864,708
76$20,395,224$15,112,445$13,801,670$17,979,393
77$22,405,583$15,783,000$14,194,072$19,186,244
78$24,618,794$16,484,209$14,597,415$20,493,852
79$27,055,480$17,217,504$15,011,997$21,911,648
80$29,738,363$17,984,386$15,438,123$23,449,993
81$32,692,482$18,786,427$15,876,106$25,120,271
82$35,945,426$19,625,273$16,326,267$26,934,988
83$39,527,598$20,502,650$16,788,935$28,907,888
84$43,472,497$21,420,363$17,264,448$31,054,076
85$47,817,037$22,380,307$17,753,153$33,390,157
86$52,601,897$23,384,464$18,255,406$35,934,386
87$57,871,899$24,434,911$18,771,571$38,706,834
88$63,676,437$25,533,826$19,302,022$41,729,572
89$70,069,938$26,683,488$19,847,144$45,026,873
90$77,112,379$27,886,286$20,407,331$48,625,433
91$84,869,851$29,144,723$20,982,986$52,554,619
92$93,415,184$30,461,423$21,574,524$56,846,737
93$102,828,631$31,839,131$22,182,370$61,537,326
94$113,198,631$33,280,729$22,806,959$66,665,495
95$124,622,638$34,789,230$23,448,738$72,274,273
96$137,208,042$36,367,798$24,108,166$78,411,013
97$151,073,186$38,019,743$24,785,712$85,127,829
98$166,348,476$39,748,536$25,481,859$92,482,077
99$183,177,620$41,557,813$26,197,100$100,536,888
100$201,718,976$43,451,385$26,931,943$109,361,754