Can I retire at age 71 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$990,949$982,122$973,510$965,105$956,897$932,251
2 years$490,569$481,432$472,578$463,993$455,665$430,999
3 years$323,797$314,621$305,789$297,285$289,093$265,178
4 years$240,428$231,280$222,536$214,177$206,183$183,204
5 years$190,419$181,326$172,697$164,508$156,737$134,756
6 years$157,091$148,067$139,565$131,559$124,021$103,060
7 years$133,294$124,346$115,979$108,162$100,862$80,924
8 years$115,455$106,588$98,360$90,734$83,675$64,749
9 years$101,588$92,804$84,717$77,285$70,466$52,537
10 years$90,500$81,802$73,858$66,621$60,041$43,086
11 years$81,434$72,823$65,024$57,980$51,637$35,631
12 years$73,885$65,362$57,707$50,856$44,748$29,662
13 years$67,502$59,068$51,557$44,898$39,021$24,826
14 years$62,035$53,692$46,324$39,856$34,205$20,869
15 years$57,302$49,048$41,825$35,544$30,117$17,605
16 years$53,165$45,001$37,920$31,826$26,618$14,896
17 years$49,518$41,444$34,506$28,595$23,601$12,634
18 years$46,279$38,296$31,499$25,770$20,985$10,738
19 years$43,385$35,493$28,836$23,286$18,704$9,143
20 years$40,784$32,981$26,464$21,090$16,707$7,796
21 years$38,434$30,721$24,342$19,140$14,951$6,655
22 years$36,300$28,677$22,435$17,403$13,401$5,688
23 years$34,354$26,821$20,715$15,849$12,030$4,865
24 years$32,574$25,129$19,158$14,455$10,813$4,164
25 years$30,938$23,583$17,744$13,201$9,730$3,567
26 years$29,430$22,164$16,457$12,071$8,764$3,057
27 years$28,037$20,859$15,281$11,049$7,902$2,621
28 years$26,745$19,655$14,206$10,123$7,130$2,248
29 years$25,545$18,542$13,220$9,283$6,438$1,929
30 years$24,427$17,511$12,314$8,519$5,817$1,656
31 years$23,383$16,554$11,480$7,824$5,259$1,422
32 years$22,406$15,663$10,711$7,191$4,757$1,221
33 years$21,490$14,834$10,001$6,613$4,305$1,049
34 years$20,630$14,059$9,344$6,084$3,898$901
35 years$19,821$13,335$8,736$5,601$3,531$774
36 years$19,059$12,656$8,172$5,158$3,199$665
37 years$18,339$12,021$7,649$4,753$2,899$571
38 years$17,659$11,424$7,163$4,381$2,629$491
39 years$17,016$10,863$6,711$4,039$2,384$422
40 years$16,406$10,335$6,290$3,725$2,162$363
41 years$15,827$9,838$5,898$3,437$1,961$312
42 years$15,278$9,370$5,533$3,172$1,780$268
43 years$14,755$8,927$5,192$2,928$1,615$230
44 years$14,258$8,510$4,873$2,704$1,466$198
45 years$13,784$8,115$4,576$2,497$1,331$170
46 years$13,332$7,741$4,298$2,307$1,209$146
47 years$12,900$7,387$4,038$2,131$1,097$126
48 years$12,488$7,052$3,794$1,969$997$108
49 years$12,094$6,735$3,567$1,820$905$93
50 years$11,716$6,433$3,353$1,682$822$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,000,000, adding $5,095 every year, while hoping to spend $36,231 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: 66/19/15 Blend
70$12,000,000$12,000,000$12,000,000$12,000,000
71$13,229,255$12,593,255$12,407,255$14,054,870
72$14,540,090$13,171,776$12,784,349$15,185,606
73$15,983,415$13,777,429$13,172,861$16,416,407
74$17,572,707$14,411,506$13,573,135$17,760,863
75$19,322,815$15,075,362$13,985,527$19,230,101
76$21,250,101$15,770,413$14,410,401$20,836,361
77$23,372,596$16,498,148$14,848,134$22,593,110
78$25,710,167$17,260,123$15,299,112$24,515,170
79$28,284,707$18,057,973$15,763,736$26,618,852
80$31,120,342$18,893,408$16,242,416$28,922,107
81$34,243,656$19,768,224$16,735,576$31,444,694
82$37,683,942$20,684,300$17,243,651$34,208,362
83$41,473,481$21,643,608$17,767,090$37,237,051
84$45,647,846$22,648,214$18,306,357$40,557,117
85$50,246,234$23,700,284$18,861,928$44,197,576
86$55,311,840$24,802,089$19,434,293$48,190,372
87$60,892,263$25,956,007$20,023,957$52,570,679
88$67,039,956$27,164,533$20,631,442$57,377,223
89$73,812,719$28,430,283$21,257,283$62,652,650
90$81,274,247$29,755,997$21,902,032$68,443,916
91$89,494,728$31,144,549$22,566,258$74,802,734
92$98,551,509$32,598,951$23,250,547$81,786,050
93$108,529,824$34,122,361$23,955,501$89,456,579
94$119,523,599$35,718,088$24,681,743$97,883,391
95$131,636,335$37,389,604$25,429,911$107,142,557
96$144,982,093$39,140,547$26,200,664$117,317,862
97$159,686,562$40,974,729$26,994,682$128,501,589
98$175,888,250$42,896,149$27,812,662$140,795,381
99$193,739,790$44,908,999$28,655,326$154,311,201
100$213,409,382$47,017,674$29,523,412$169,172,373