Can I retire at age 71 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$999,207$990,306$981,623$973,147$964,871$929,159
2 years$494,657$485,444$476,516$467,859$459,462$423,886
3 years$326,495$317,243$308,337$299,762$291,502$257,181
4 years$242,431$233,207$224,391$215,962$207,902$175,097
5 years$192,006$182,837$174,136$165,879$158,043$126,841
6 years$158,400$149,300$140,728$132,655$125,054$95,476
7 years$134,405$125,382$116,946$109,063$101,703$73,741
8 years$116,417$107,476$99,179$91,490$84,372$58,001
9 years$102,434$93,577$85,423$77,929$71,054$46,237
10 years$91,254$82,484$74,474$67,176$60,541$37,235
11 years$82,113$73,430$65,565$58,463$52,067$30,222
12 years$74,500$65,907$58,188$51,280$45,121$24,680
13 years$68,064$59,561$51,987$45,273$39,346$20,254
14 years$62,552$54,139$46,710$40,188$34,490$16,686
15 years$57,780$49,457$42,173$35,841$30,368$13,791
16 years$53,608$45,376$38,236$32,091$26,839$11,427
17 years$49,930$41,789$34,793$28,834$23,798$9,489
18 years$46,665$38,615$31,762$25,985$21,160$7,893
19 years$43,747$35,788$29,077$23,480$18,860$6,574
20 years$41,124$33,256$26,685$21,265$16,846$5,483
21 years$38,754$30,977$24,545$19,300$15,076$4,577
22 years$36,602$28,916$22,622$17,548$13,513$3,824
23 years$34,641$27,044$20,887$15,981$12,130$3,197
24 years$32,845$25,339$19,317$14,576$10,903$2,674
25 years$31,196$23,779$17,892$13,311$9,811$2,238
26 years$29,676$22,349$16,594$12,171$8,837$1,874
27 years$28,271$21,033$15,409$11,141$7,968$1,569
28 years$26,968$19,819$14,324$10,207$7,189$1,315
29 years$25,758$18,697$13,330$9,360$6,492$1,102
30 years$24,630$17,657$12,416$8,590$5,866$923
31 years$23,578$16,692$11,576$7,890$5,303$774
32 years$22,593$15,794$10,800$7,251$4,797$649
33 years$21,669$14,957$10,084$6,668$4,341$544
34 years$20,802$14,176$9,422$6,135$3,931$456
35 years$19,986$13,446$8,809$5,647$3,560$383
36 years$19,218$12,762$8,241$5,201$3,226$321
37 years$18,492$12,121$7,713$4,792$2,924$269
38 years$17,806$11,519$7,223$4,417$2,650$226
39 years$17,158$10,954$6,767$4,073$2,403$189
40 years$16,543$10,421$6,343$3,757$2,180$159
41 years$15,959$9,920$5,948$3,466$1,978$133
42 years$15,405$9,448$5,579$3,199$1,795$112
43 years$14,878$9,002$5,235$2,953$1,629$94
44 years$14,377$8,581$4,914$2,726$1,478$79
45 years$13,899$8,182$4,614$2,518$1,342$66
46 years$13,443$7,806$4,334$2,326$1,219$55
47 years$13,008$7,449$4,071$2,149$1,107$46
48 years$12,592$7,111$3,826$1,985$1,005$39
49 years$12,194$6,791$3,596$1,835$913$33
50 years$11,814$6,487$3,381$1,696$829$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,100,000, adding $6,721 every year, while hoping to spend $20,451 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: 51/41/8 Blend
70$12,100,000$12,100,000$12,100,000$12,100,000
71$13,341,133$12,699,833$12,512,283$13,994,051
72$14,680,169$13,300,365$12,909,684$15,039,902
73$16,155,101$13,929,638$13,319,714$16,173,440
74$17,779,769$14,589,038$13,742,772$17,405,169
75$19,569,424$15,280,019$14,179,273$18,744,319
76$21,540,871$16,004,106$14,629,645$20,201,028
77$23,712,630$16,762,898$15,094,329$21,786,427
78$26,105,109$17,558,070$15,573,779$23,512,744
79$28,740,794$18,391,379$16,068,465$25,393,412
80$31,644,468$19,264,670$16,578,871$27,443,192
81$34,843,437$20,179,873$17,105,497$29,678,304
82$38,367,796$21,139,015$17,648,860$32,116,574
83$42,250,705$22,144,220$18,209,490$34,777,598
84$46,528,706$23,197,716$18,787,937$37,682,917
85$51,242,069$24,301,839$19,384,768$40,856,214
86$56,435,169$25,459,038$20,000,567$44,323,530
87$62,156,907$26,671,882$20,635,936$48,113,505
88$68,461,171$27,943,063$21,291,500$52,257,634
89$75,407,344$29,275,407$21,967,899$56,790,559
90$83,060,866$30,671,874$22,665,796$61,750,386
91$91,493,849$32,135,571$23,385,874$67,179,038
92$100,785,760$33,669,753$24,128,840$73,122,635
93$111,024,172$35,277,835$24,895,421$79,631,924
94$122,305,587$36,963,399$25,686,367$86,762,743
95$134,736,351$38,730,199$26,502,454$94,576,539
96$148,433,653$40,582,173$27,344,481$103,140,936
97$163,526,638$42,523,452$28,213,273$112,530,360
98$180,157,619$44,558,364$29,109,681$122,826,725
99$198,483,424$46,691,453$30,034,584$134,120,200
100$218,676,879$48,927,479$30,988,887$146,510,038