Can I retire at age 71 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,007,465$998,491$989,735$981,190$972,845$963,086
2 years$498,745$489,456$480,454$471,726$463,260$453,430
3 years$329,194$319,865$310,886$302,239$293,911$284,316
4 years$244,435$235,135$226,245$217,746$209,620$200,334
5 years$193,593$184,348$175,575$167,250$159,350$150,399
6 years$159,709$150,534$141,891$133,751$126,088$117,484
7 years$135,516$126,419$117,912$109,964$102,543$94,290
8 years$117,379$108,364$99,999$92,246$85,069$77,167
9 years$103,281$94,350$86,129$78,573$71,641$64,085
10 years$92,008$83,165$75,089$67,731$61,042$53,829
11 years$82,791$74,037$66,107$58,946$52,498$45,622
12 years$75,116$66,452$58,669$51,704$45,493$38,947
13 years$68,627$60,053$52,416$45,647$39,671$33,447
14 years$63,069$54,586$47,096$40,520$34,776$28,865
15 years$58,257$49,866$42,522$36,137$30,619$25,014
16 years$54,051$45,751$38,552$32,357$27,061$21,752
17 years$50,343$42,135$35,081$29,072$23,994$18,971
18 years$47,051$38,934$32,024$26,200$21,335$16,587
19 years$44,109$36,084$29,317$23,674$19,016$14,535
20 years$41,464$33,531$26,906$21,441$16,986$12,760
21 years$39,074$31,233$24,748$19,459$15,200$11,220
22 years$36,905$29,155$22,809$17,693$13,625$9,880
23 years$34,927$27,268$21,060$16,113$12,230$8,710
24 years$33,116$25,548$19,477$14,696$10,993$7,688
25 years$31,453$23,976$18,040$13,421$9,892$6,791
26 years$29,921$22,533$16,731$12,272$8,910$6,004
27 years$28,504$21,206$15,536$11,233$8,033$5,312
28 years$27,191$19,983$14,443$10,292$7,249$4,703
29 years$25,971$18,851$13,440$9,438$6,545$4,166
30 years$24,834$17,803$12,519$8,661$5,914$3,693
31 years$23,772$16,830$11,671$7,955$5,347$3,274
32 years$22,779$15,925$10,889$7,311$4,837$2,904
33 years$21,848$15,081$10,167$6,723$4,377$2,577
34 years$20,974$14,293$9,500$6,186$3,963$2,287
35 years$20,152$13,557$8,882$5,694$3,590$2,030
36 years$19,376$12,867$8,309$5,244$3,252$1,803
37 years$18,645$12,221$7,777$4,832$2,948$1,601
38 years$17,954$11,614$7,283$4,454$2,672$1,423
39 years$17,299$11,044$6,823$4,106$2,423$1,264
40 years$16,679$10,508$6,395$3,788$2,198$1,123
41 years$16,091$10,002$5,997$3,495$1,994$998
42 years$15,532$9,526$5,625$3,225$1,809$887
43 years$15,001$9,076$5,278$2,977$1,642$789
44 years$14,495$8,651$4,955$2,749$1,491$701
45 years$14,013$8,250$4,652$2,539$1,353$624
46 years$13,554$7,870$4,370$2,345$1,229$554
47 years$13,115$7,511$4,105$2,166$1,116$493
48 years$12,696$7,170$3,858$2,002$1,013$438
49 years$12,295$6,847$3,626$1,850$920$390
50 years$11,911$6,540$3,409$1,710$836$347

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,200,000, adding $3,640 every year, while hoping to spend $22,198 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: 41/33/26 Blend
70$12,200,000$12,200,000$12,200,000$12,200,000
71$13,448,155$12,801,555$12,612,455$13,896,502
72$14,796,248$13,405,212$13,011,353$14,823,579
73$16,281,103$14,037,705$13,422,871$15,824,045
74$17,916,645$14,700,423$13,847,408$16,906,557
75$19,718,222$15,394,822$14,285,374$18,078,664
76$21,702,742$16,122,430$14,737,196$19,348,650
77$23,888,842$16,884,849$15,203,312$20,725,606
78$26,297,054$17,683,758$15,684,174$22,219,514
79$28,950,009$18,520,917$16,180,249$23,841,331
80$31,872,640$19,398,172$16,692,017$25,603,092
81$35,092,426$20,317,459$17,219,977$27,518,018
82$38,639,647$21,280,808$17,764,639$29,600,627
83$42,547,670$22,290,347$18,326,534$31,866,877
84$46,853,265$23,348,306$18,906,205$34,334,297
85$51,596,951$24,457,026$19,504,216$37,022,159
86$56,823,380$25,618,960$20,121,147$39,951,640
87$62,581,756$26,836,680$20,757,596$43,146,025
88$68,926,301$28,112,884$21,414,182$46,630,911
89$75,916,768$29,450,400$22,091,542$50,434,446
90$83,619,002$30,852,193$22,790,332$54,587,585
91$92,105,564$32,321,375$23,511,232$59,124,369
92$101,456,415$33,861,205$24,254,941$64,082,245
93$111,759,668$35,475,103$25,022,181$69,502,401
94$123,112,426$37,166,655$25,813,696$75,430,152
95$135,621,694$38,939,621$26,630,255$81,915,353
96$149,405,389$40,797,945$27,472,651$89,012,859
97$164,593,454$42,745,760$28,341,700$96,783,033
98$181,329,087$44,787,403$29,238,248$105,292,301
99$199,770,088$46,927,419$30,163,163$114,613,769
100$220,090,352$49,170,578$31,117,344$124,827,898