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%14%
1 years$990,949$982,122$973,510$965,105$956,897$941,044
2 years$490,569$481,432$472,578$463,993$455,665$439,740
3 years$323,797$314,621$305,789$297,285$289,093$273,591
4 years$240,428$231,280$222,536$214,177$206,183$191,225
5 years$190,419$181,326$172,697$164,508$156,737$142,365
6 years$157,091$148,067$139,565$131,559$124,021$110,250
7 years$133,294$124,346$115,979$108,162$100,862$87,698
8 years$115,455$106,588$98,360$90,734$83,675$71,115
9 years$101,588$92,804$84,717$77,285$70,466$58,503
10 years$90,500$81,802$73,858$66,621$60,041$48,665
11 years$81,434$72,823$65,024$57,980$51,637$40,836
12 years$73,885$65,362$57,707$50,856$44,748$34,507
13 years$67,502$59,068$51,557$44,898$39,021$29,326
14 years$62,035$53,692$46,324$39,856$34,205$25,040
15 years$57,302$49,048$41,825$35,544$30,117$21,464
16 years$53,165$45,001$37,920$31,826$26,618$18,459
17 years$49,518$41,444$34,506$28,595$23,601$15,918
18 years$46,279$38,296$31,499$25,770$20,985$13,759
19 years$43,385$35,493$28,836$23,286$18,704$11,917
20 years$40,784$32,981$26,464$21,090$16,707$10,338
21 years$38,434$30,721$24,342$19,140$14,951$8,982
22 years$36,300$28,677$22,435$17,403$13,401$7,814
23 years$34,354$26,821$20,715$15,849$12,030$6,805
24 years$32,574$25,129$19,158$14,455$10,813$5,931
25 years$30,938$23,583$17,744$13,201$9,730$5,174
26 years$29,430$22,164$16,457$12,071$8,764$4,517
27 years$28,037$20,859$15,281$11,049$7,902$3,946
28 years$26,745$19,655$14,206$10,123$7,130$3,448
29 years$25,545$18,542$13,220$9,283$6,438$3,015
30 years$24,427$17,511$12,314$8,519$5,817$2,638
31 years$23,383$16,554$11,480$7,824$5,259$2,308
32 years$22,406$15,663$10,711$7,191$4,757$2,020
33 years$21,490$14,834$10,001$6,613$4,305$1,769
34 years$20,630$14,059$9,344$6,084$3,898$1,549
35 years$19,821$13,335$8,736$5,601$3,531$1,357
36 years$19,059$12,656$8,172$5,158$3,199$1,189
37 years$18,339$12,021$7,649$4,753$2,899$1,042
38 years$17,659$11,424$7,163$4,381$2,629$913
39 years$17,016$10,863$6,711$4,039$2,384$800
40 years$16,406$10,335$6,290$3,725$2,162$701
41 years$15,827$9,838$5,898$3,437$1,961$615
42 years$15,278$9,370$5,533$3,172$1,780$539
43 years$14,755$8,927$5,192$2,928$1,615$472
44 years$14,258$8,510$4,873$2,704$1,466$414
45 years$13,784$8,115$4,576$2,497$1,331$363
46 years$13,332$7,741$4,298$2,307$1,209$319
47 years$12,900$7,387$4,038$2,131$1,097$279
48 years$12,488$7,052$3,794$1,969$997$245
49 years$12,094$6,735$3,567$1,820$905$215
50 years$11,716$6,433$3,353$1,682$822$188

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 $6,668 every year, while hoping to spend $39,011 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: 73/15/12 Blend
70$12,000,000$12,000,000$12,000,000$12,000,000
71$13,230,878$12,594,878$12,408,878$14,163,875
72$14,538,920$13,170,520$12,783,068$15,357,280
73$15,979,075$13,773,060$13,168,486$16,658,548
74$17,564,777$14,403,777$13,565,467$18,082,775
75$19,310,830$15,064,007$13,974,355$19,642,121
76$21,233,545$15,755,154$14,395,506$21,349,975
77$23,350,897$16,478,686$14,829,286$23,221,072
78$25,682,691$17,236,145$15,276,070$25,271,635
79$28,250,754$18,029,145$15,736,247$27,519,524
80$31,079,135$18,859,377$16,210,215$29,984,401
81$34,194,335$19,728,615$16,698,386$32,687,916
82$37,625,557$20,638,717$17,201,182$35,653,906
83$41,404,981$21,591,631$17,719,038$38,908,620
84$45,568,067$22,589,398$18,252,404$42,480,961
85$50,153,891$23,634,160$18,801,740$46,402,757
86$55,205,512$24,728,158$19,367,522$50,709,061
87$60,770,379$25,873,743$19,950,240$55,438,475
88$66,900,782$27,073,380$20,550,397$60,633,511
89$73,654,338$28,329,652$21,168,511$66,340,994
90$81,094,541$29,645,266$21,805,118$72,612,494
91$89,291,360$31,023,060$22,460,765$79,504,812
92$98,321,898$32,466,009$23,136,020$87,080,514
93$108,271,120$33,977,231$23,831,464$95,408,513
94$119,232,654$35,559,996$24,547,698$104,564,720
95$131,309,678$37,217,729$25,285,339$114,632,751
96$144,615,890$38,954,022$26,045,023$125,704,717
97$159,276,583$40,772,642$26,827,404$137,882,086
98$175,429,829$42,677,535$27,633,156$151,276,633
99$193,227,776$44,672,840$28,462,972$166,011,497
100$212,838,094$46,762,893$29,317,566$182,222,329