Can I retire at age 71 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$966,175$957,569$949,172$940,977$932,974$902,387
2 years$478,304$469,397$460,763$452,393$444,274$413,749
3 years$315,702$306,756$298,144$289,852$281,865$252,362
4 years$234,417$225,498$216,973$208,822$201,029$172,773
5 years$185,659$176,793$168,380$160,396$152,819$125,885
6 years$153,164$144,365$136,076$128,270$120,920$95,331
7 years$129,962$121,237$113,080$105,458$98,341$74,093
8 years$112,569$103,923$95,901$88,466$81,583$58,659
9 years$99,048$90,484$82,599$75,353$68,705$47,078
10 years$88,237$79,757$72,012$64,955$58,540$38,176
11 years$79,398$71,003$63,398$56,530$50,346$31,208
12 years$72,038$63,728$56,264$49,585$43,629$25,673
13 years$65,814$57,592$50,268$43,776$38,045$21,227
14 years$60,484$52,349$45,166$38,859$33,350$17,623
15 years$55,870$47,822$40,779$34,656$29,364$14,679
16 years$51,835$43,876$36,972$31,030$25,952$12,260
17 years$48,280$40,408$33,643$27,881$23,011$10,263
18 years$45,122$37,339$30,712$25,126$20,460$8,608
19 years$42,301$34,605$28,115$22,704$18,237$7,230
20 years$39,765$32,157$25,803$20,562$16,289$6,081
21 years$37,473$29,953$23,734$18,662$14,577$5,119
22 years$35,392$27,960$21,874$16,968$13,066$4,314
23 years$33,495$26,150$20,197$15,453$11,729$3,638
24 years$31,759$24,501$18,679$14,094$10,542$3,070
25 years$30,164$22,993$17,300$12,871$9,487$2,592
26 years$28,695$21,610$16,045$11,769$8,545$2,190
27 years$27,336$20,337$14,899$10,772$7,704$1,850
28 years$26,077$19,164$13,851$9,870$6,952$1,564
29 years$24,906$18,079$12,889$9,051$6,277$1,322
30 years$23,816$17,074$12,006$8,306$5,672$1,118
31 years$22,798$16,140$11,193$7,629$5,128$946
32 years$21,846$15,272$10,443$7,011$4,638$800
33 years$20,953$14,463$9,751$6,447$4,198$677
34 years$20,114$13,707$9,111$5,932$3,801$573
35 years$19,326$13,001$8,518$5,461$3,442$485
36 years$18,582$12,340$7,968$5,029$3,119$410
37 years$17,881$11,720$7,458$4,634$2,827$347
38 years$17,218$11,138$6,984$4,271$2,563$294
39 years$16,590$10,592$6,543$3,938$2,324$249
40 years$15,996$10,077$6,133$3,632$2,108$211
41 years$15,432$9,592$5,751$3,351$1,912$178
42 years$14,896$9,135$5,395$3,093$1,735$151
43 years$14,386$8,704$5,062$2,855$1,575$128
44 years$13,901$8,297$4,752$2,636$1,430$108
45 years$13,439$7,912$4,462$2,435$1,298$92
46 years$12,998$7,548$4,190$2,249$1,178$78
47 years$12,578$7,203$3,937$2,078$1,070$66
48 years$12,176$6,876$3,700$1,920$972$56
49 years$11,791$6,566$3,477$1,774$883$47
50 years$11,423$6,272$3,269$1,640$802$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,700,000, adding $3,782 every year, while hoping to spend $32,599 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: 48/32/20 Blend
70$11,700,000$11,700,000$11,700,000$11,700,000
71$12,897,301$12,277,201$12,095,851$13,443,301
72$14,178,141$12,844,099$12,466,377$14,390,451
73$15,588,533$13,437,682$12,848,223$15,414,752
74$17,141,659$14,059,224$13,241,734$16,526,351
75$18,852,041$14,710,059$13,647,265$17,733,454
76$20,735,683$15,391,585$14,065,182$19,045,069
77$22,810,220$16,105,270$14,495,862$20,471,095
78$25,095,083$16,852,649$14,939,695$22,022,408
79$27,611,687$17,635,334$15,397,079$23,710,957
80$30,383,626$18,455,013$15,868,429$25,549,877
81$33,436,903$19,313,455$16,354,169$27,553,603
82$36,800,170$20,212,518$16,854,736$29,738,004
83$40,505,000$21,154,144$17,370,583$32,120,528
84$44,586,187$22,140,373$17,902,173$34,720,359
85$49,082,069$23,173,342$18,449,987$37,558,594
86$54,034,896$24,255,292$19,014,518$40,658,435
87$59,491,224$25,388,571$19,596,273$44,045,403
88$65,502,358$26,575,640$20,195,778$47,747,570
89$72,124,834$27,819,081$20,813,571$51,795,819
90$79,420,951$29,121,600$21,450,210$56,224,127
91$87,459,362$30,486,033$22,106,266$61,069,881
92$96,315,722$31,915,353$22,782,331$66,374,219
93$106,073,399$33,412,679$23,479,012$72,182,411
94$116,824,263$34,981,277$24,196,937$78,544,280
95$128,669,554$36,624,576$24,936,750$85,514,661
96$141,720,834$38,346,167$25,699,117$93,153,910
97$156,101,046$40,149,815$26,484,724$101,528,465
98$171,945,667$42,039,470$27,294,276$110,711,458
99$189,403,992$44,019,271$28,128,502$120,783,402
100$208,640,541$46,093,558$28,988,149$131,832,933