Can I retire at age 71 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$960,637
2 years$511,009$501,492$492,268$483,326$474,651$438,647
3 years$337,289$327,731$318,530$309,671$301,138$266,392
4 years$250,446$240,917$231,808$223,101$214,774$181,552
5 years$198,353$188,882$179,893$171,363$163,268$131,656
6 years$163,636$154,236$145,380$137,040$129,188$99,209
7 years$138,848$129,527$120,812$112,668$105,065$76,712
8 years$120,266$111,029$102,458$94,515$87,161$60,410
9 years$105,820$96,670$88,247$80,506$73,402$48,217
10 years$94,271$85,210$76,936$69,397$62,543$38,878
11 years$84,827$75,858$67,733$60,396$53,789$31,596
12 years$76,963$68,086$60,111$52,975$46,612$25,837
13 years$70,314$61,530$53,705$46,769$40,647$21,232
14 years$64,620$55,929$48,255$41,516$35,631$17,517
15 years$59,690$51,092$43,567$37,025$31,372$14,498
16 years$55,380$46,876$39,500$33,152$27,727$12,030
17 years$51,581$43,171$35,944$29,787$24,584$10,004
18 years$48,208$39,892$32,812$26,844$21,859$8,334
19 years$45,193$36,971$30,038$24,256$19,484$6,953
20 years$42,484$34,356$27,567$21,968$17,403$5,807
21 years$40,035$32,001$25,356$19,938$15,574$4,855
22 years$37,812$29,872$23,370$18,128$13,960$4,063
23 years$35,786$27,938$21,578$16,509$12,531$3,402
24 years$33,931$26,176$19,956$15,058$11,263$2,850
25 years$32,227$24,565$18,483$13,752$10,135$2,389
26 years$30,657$23,087$17,142$12,574$9,129$2,004
27 years$29,205$21,728$15,918$11,509$8,231$1,681
28 years$27,860$20,474$14,798$10,545$7,427$1,410
29 years$26,609$19,315$13,771$9,670$6,706$1,184
30 years$25,445$18,241$12,827$8,874$6,060$994
31 years$24,357$17,244$11,958$8,150$5,478$834
32 years$23,340$16,316$11,157$7,490$4,956$701
33 years$22,386$15,452$10,418$6,888$4,485$588
34 years$21,490$14,645$9,734$6,338$4,061$494
35 years$20,647$13,890$9,100$5,834$3,678$415
36 years$19,853$13,184$8,513$5,373$3,332$349
37 years$19,103$12,522$7,968$4,951$3,020$293
38 years$18,395$11,900$7,462$4,563$2,738$246
39 years$17,725$11,316$6,991$4,207$2,483$207
40 years$17,089$10,766$6,552$3,881$2,252$174
41 years$16,487$10,248$6,144$3,580$2,043$146
42 years$15,914$9,760$5,763$3,304$1,854$123
43 years$15,370$9,299$5,408$3,050$1,683$103
44 years$14,852$8,864$5,077$2,816$1,527$87
45 years$14,358$8,453$4,767$2,601$1,387$73
46 years$13,887$8,064$4,477$2,403$1,259$61
47 years$13,438$7,695$4,206$2,220$1,143$51
48 years$13,008$7,346$3,953$2,051$1,038$43
49 years$12,597$7,015$3,715$1,896$943$36
50 years$12,204$6,701$3,493$1,752$856$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,500,000, adding $5,879 every year, while hoping to spend $52,659 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: 24/49/27 Blend
70$12,500,000$12,500,000$12,500,000$12,500,000
71$13,781,064$13,118,564$12,924,814$13,994,145
72$15,130,704$13,705,345$13,301,767$14,761,468
73$16,616,242$14,319,113$13,689,582$15,578,166
74$18,251,485$14,961,136$14,088,569$16,452,101
75$20,051,644$15,632,739$14,499,044$17,388,067
76$22,033,483$16,335,315$14,921,333$18,391,303
77$24,215,471$17,070,318$15,355,771$19,467,537
78$26,617,961$17,839,275$15,802,701$20,623,032
79$29,263,379$18,643,786$16,262,478$21,864,639
80$32,176,437$19,485,525$16,735,464$23,199,858
81$35,384,365$20,366,247$17,222,033$24,636,895
82$38,917,169$21,287,791$17,722,570$26,184,741
83$42,807,911$22,252,085$18,237,467$27,853,239
84$47,093,027$23,261,146$18,767,132$29,653,177
85$51,812,665$24,317,091$19,311,979$31,596,377
86$57,011,064$25,422,135$19,872,437$33,695,798
87$62,736,975$26,578,602$20,448,947$35,965,652
88$69,044,118$27,788,926$21,041,959$38,421,523
89$75,991,692$29,055,657$21,651,938$41,080,507
90$83,644,927$30,381,467$22,279,361$43,961,366
91$92,075,709$31,769,158$22,924,718$47,084,687
92$101,363,248$33,221,664$23,588,513$50,473,070
93$111,594,835$34,742,061$24,271,264$54,151,327
94$122,866,659$36,333,573$24,973,502$58,146,702
95$135,284,717$37,999,576$25,695,773$62,489,120
96$148,965,815$39,743,612$26,438,638$67,211,448
97$164,038,669$41,569,391$27,202,674$72,349,800
98$180,645,123$43,480,801$27,988,473$77,943,852
99$198,941,482$45,481,916$28,796,643$84,037,210
100$219,099,992$47,577,009$29,627,810$90,677,799