Can I retire at age 71 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$949,423
2 years$502,833$493,468$484,392$475,592$467,057$435,715
3 years$331,892$322,487$313,434$304,717$296,320$266,016
4 years$246,438$237,062$228,100$219,531$211,338$182,304
5 years$195,180$185,859$177,015$168,621$160,656$132,970
6 years$161,018$151,768$143,054$134,848$127,121$100,807
7 years$136,627$127,455$118,879$110,866$103,384$78,438
8 years$118,342$109,252$100,818$93,002$85,767$62,173
9 years$104,127$95,124$86,835$79,217$72,228$49,959
10 years$92,762$83,847$75,705$68,286$61,542$40,563
11 years$83,470$74,644$66,649$59,429$52,928$33,202
12 years$75,732$66,996$59,149$52,128$45,866$27,350
13 years$69,189$60,545$52,846$46,021$39,996$22,644
14 years$63,586$55,034$47,482$40,852$35,061$18,825
15 years$58,735$50,274$42,870$36,433$30,870$15,703
16 years$54,494$46,126$38,868$32,622$27,283$13,135
17 years$50,755$42,480$35,369$29,310$24,191$11,011
18 years$47,436$39,254$32,287$26,415$21,510$9,249
19 years$44,470$36,380$29,557$23,868$19,172$7,780
20 years$41,804$33,806$27,126$21,617$17,125$6,553
21 years$39,395$31,489$24,951$19,619$15,325$5,526
22 years$37,207$29,394$22,996$17,838$13,736$4,664
23 years$35,213$27,491$21,233$16,245$12,331$3,940
24 years$33,388$25,758$19,637$14,817$11,083$3,330
25 years$31,711$24,172$18,187$13,531$9,973$2,816
26 years$30,166$22,718$16,868$12,372$8,983$2,382
27 years$28,738$21,380$15,663$11,325$8,099$2,016
28 years$27,414$20,147$14,561$10,376$7,308$1,707
29 years$26,184$19,006$13,550$9,515$6,599$1,446
30 years$25,037$17,949$12,622$8,732$5,963$1,225
31 years$23,967$16,968$11,767$8,020$5,391$1,038
32 years$22,966$16,055$10,979$7,371$4,876$879
33 years$22,027$15,204$10,251$6,778$4,413$745
34 years$21,146$14,410$9,578$6,236$3,996$632
35 years$20,317$13,668$8,955$5,741$3,619$535
36 years$19,535$12,973$8,377$5,287$3,279$454
37 years$18,798$12,321$7,841$4,871$2,972$385
38 years$18,101$11,710$7,342$4,490$2,694$326
39 years$17,441$11,135$6,879$4,140$2,443$277
40 years$16,816$10,594$6,448$3,819$2,216$235
41 years$16,223$10,084$6,046$3,523$2,010$199
42 years$15,660$9,604$5,671$3,251$1,824$169
43 years$15,124$9,151$5,322$3,001$1,656$143
44 years$14,614$8,722$4,995$2,771$1,503$121
45 years$14,128$8,318$4,690$2,559$1,364$103
46 years$13,665$7,935$4,405$2,364$1,239$87
47 years$13,223$7,572$4,139$2,184$1,125$74
48 years$12,800$7,229$3,889$2,018$1,022$63
49 years$12,396$6,903$3,656$1,865$928$53
50 years$12,009$6,594$3,437$1,724$843$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,300,000, adding $5,135 every year, while hoping to spend $32,215 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: 51/31/18 Blend
70$12,300,000$12,300,000$12,300,000$12,300,000
71$13,559,897$12,907,997$12,717,347$14,183,905
72$14,908,730$13,506,212$13,109,101$15,212,286
73$16,394,064$14,132,660$13,512,900$16,325,986
74$18,029,788$14,788,691$13,929,112$17,536,140
75$19,831,208$15,475,718$14,358,119$18,851,880
76$21,815,188$16,195,224$14,800,312$20,283,241
77$24,000,311$16,948,764$15,256,096$21,841,246
78$26,407,056$17,737,967$15,725,889$23,538,014
79$29,057,988$18,564,540$16,210,119$25,386,860
80$31,977,974$19,430,273$16,709,229$27,402,426
81$35,194,414$20,337,044$17,223,675$29,600,807
82$38,737,505$21,286,819$17,753,928$31,999,700
83$42,640,518$22,281,661$18,300,473$34,618,565
84$46,940,120$23,323,731$18,863,807$37,478,806
85$51,676,714$24,415,296$19,444,447$40,603,965
86$56,894,826$25,558,733$20,042,923$44,019,934
87$62,643,518$26,756,530$20,659,781$47,755,202
88$68,976,857$28,011,301$21,295,584$51,841,109
89$75,954,423$29,325,782$21,950,913$56,312,138
90$83,641,872$30,702,843$22,626,366$61,206,233
91$92,111,554$32,145,493$23,322,560$66,565,150
92$101,443,197$33,656,887$24,040,131$72,434,842
93$111,724,660$35,240,331$24,779,732$78,865,885
94$123,052,762$36,899,293$25,542,039$85,913,946
95$135,534,193$38,637,408$26,327,747$93,640,300
96$149,286,527$40,458,488$27,137,573$102,112,397
97$164,439,326$42,366,527$27,972,255$111,404,491
98$181,135,367$44,365,716$28,832,555$121,598,329
99$199,531,985$46,460,447$29,719,256$132,783,912
100$219,802,564$48,655,325$30,633,168$145,060,333