Can I retire at age 71 with 11,800,000?

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 $11,800,000?

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 years$974,433$965,753$957,285$949,019$940,949$933,065
2 years$482,393$473,408$464,701$456,259$448,071$440,125
3 years$318,401$309,378$300,693$292,330$284,274$276,513
4 years$236,421$227,425$218,827$210,607$202,747$195,229
5 years$187,245$178,304$169,819$161,766$154,125$146,873
6 years$154,473$145,599$137,239$129,366$121,954$114,978
7 years$131,073$122,274$114,046$106,359$99,181$92,483
8 years$113,531$104,811$96,720$89,222$82,280$75,861
9 years$99,894$91,257$83,305$75,997$69,292$63,149
10 years$88,992$80,438$72,627$65,510$59,040$53,170
11 years$80,077$71,610$63,940$57,014$50,777$45,175
12 years$72,653$64,273$56,745$50,009$44,002$38,663
13 years$66,377$58,084$50,698$44,150$38,370$33,289
14 years$61,001$52,797$45,552$39,192$33,635$28,805
15 years$56,347$48,231$41,128$34,952$29,615$25,029
16 years$52,278$44,251$37,288$31,296$26,174$21,824
17 years$48,692$40,753$33,931$28,119$23,208$19,087
18 years$45,508$37,658$30,974$25,341$20,635$16,737
19 years$42,662$34,901$28,356$22,898$18,393$14,708
20 years$40,104$32,432$26,023$20,738$16,429$12,950
21 years$37,793$30,209$23,936$18,821$14,702$11,421
22 years$35,695$28,199$22,061$17,113$13,178$10,087
23 years$33,782$26,374$20,370$15,585$11,829$8,920
24 years$32,031$24,711$18,838$14,214$10,633$7,897
25 years$30,422$23,190$17,448$12,981$9,568$6,998
26 years$28,940$21,795$16,182$11,870$8,618$6,207
27 years$27,570$20,511$15,027$10,864$7,770$5,509
28 years$26,300$19,328$13,969$9,954$7,011$4,893
29 years$25,119$18,233$13,000$9,128$6,331$4,348
30 years$24,020$17,219$12,109$8,377$5,720$3,866
31 years$22,993$16,278$11,289$7,694$5,172$3,439
32 years$22,033$15,402$10,532$7,071$4,678$3,061
33 years$21,132$14,586$9,834$6,502$4,234$2,725
34 years$20,286$13,825$9,188$5,983$3,833$2,427
35 years$19,491$13,112$8,591$5,507$3,472$2,162
36 years$18,741$12,446$8,036$5,072$3,146$1,926
37 years$18,034$11,820$7,522$4,673$2,851$1,716
38 years$17,365$11,234$7,044$4,308$2,585$1,530
39 years$16,732$10,682$6,599$3,972$2,344$1,364
40 years$16,132$10,163$6,186$3,663$2,126$1,216
41 years$15,564$9,674$5,800$3,380$1,929$1,085
42 years$15,023$9,213$5,441$3,119$1,750$968
43 years$14,509$8,779$5,105$2,879$1,588$863
44 years$14,020$8,368$4,792$2,659$1,442$770
45 years$13,554$7,979$4,500$2,455$1,309$687
46 years$13,109$7,612$4,226$2,268$1,188$613
47 years$12,685$7,264$3,971$2,095$1,079$547
48 years$12,280$6,935$3,731$1,936$980$488
49 years$11,892$6,622$3,507$1,789$890$436
50 years$11,521$6,326$3,297$1,654$808$389

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,800,000, adding $3,825 every year, while hoping to spend $28,236 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: 66/10/24 Blend
70$11,800,000$11,800,000$11,800,000$11,800,000
71$13,007,545$12,382,145$12,199,245$13,785,119
72$14,304,272$12,958,828$12,577,877$14,885,392
73$15,732,319$13,562,821$12,968,247$16,084,301
74$17,305,050$14,195,434$13,370,718$17,394,448
75$19,037,193$14,858,038$13,785,665$18,826,782
76$20,944,975$15,552,071$14,213,473$20,393,351
77$23,046,281$16,279,040$14,654,543$22,107,421
78$25,360,814$17,040,526$15,109,282$23,983,589
79$27,910,290$17,838,184$15,578,116$26,037,929
80$30,718,636$18,673,752$16,061,480$28,288,135
81$33,812,221$19,549,050$16,559,823$30,753,686
82$37,220,101$20,465,986$17,073,611$33,456,032
83$40,974,293$21,426,562$17,603,319$36,418,788
84$45,110,083$22,432,875$18,149,442$39,667,960
85$49,666,350$23,487,125$18,712,486$43,232,182
86$54,685,939$24,591,616$19,292,977$47,142,990
87$60,216,066$25,748,766$19,891,453$51,435,110
88$66,308,759$26,961,110$20,508,471$56,146,789
89$73,021,353$28,231,304$21,144,604$61,320,147
90$80,417,027$29,562,135$21,800,445$67,001,577
91$88,565,407$30,956,522$22,476,603$73,242,174
92$97,543,215$32,417,528$23,173,706$80,098,220
93$107,435,000$33,948,364$23,892,402$87,631,704
94$118,333,932$35,552,396$24,633,359$95,910,911
95$130,342,683$37,233,153$25,397,266$105,011,057
96$143,574,395$38,994,336$26,184,833$115,014,996
97$158,153,749$40,839,825$26,996,791$126,014,002
98$174,218,143$42,773,687$27,833,895$138,108,620
99$191,918,985$44,800,190$28,696,923$151,409,612
100$211,423,127$46,923,805$29,586,675$166,039,001