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%11%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$992,567
2 years$511,009$501,492$492,268$483,326$474,651$470,411
3 years$337,289$327,731$318,530$309,671$301,138$296,989
4 years$250,446$240,917$231,808$223,101$214,774$210,748
5 years$198,353$188,882$179,893$171,363$163,268$159,377
6 years$163,636$154,236$145,380$137,040$129,188$125,437
7 years$138,848$129,527$120,812$112,668$105,065$101,456
8 years$120,266$111,029$102,458$94,515$87,161$83,694
9 years$105,820$96,670$88,247$80,506$73,402$70,077
10 years$94,271$85,210$76,936$69,397$62,543$59,357
11 years$84,827$75,858$67,733$60,396$53,789$50,741
12 years$76,963$68,086$60,111$52,975$46,612$43,700
13 years$70,314$61,530$53,705$46,769$40,647$37,867
14 years$64,620$55,929$48,255$41,516$35,631$32,981
15 years$59,690$51,092$43,567$37,025$31,372$28,849
16 years$55,380$46,876$39,500$33,152$27,727$25,327
17 years$51,581$43,171$35,944$29,787$24,584$22,304
18 years$48,208$39,892$32,812$26,844$21,859$19,695
19 years$45,193$36,971$30,038$24,256$19,484$17,432
20 years$42,484$34,356$27,567$21,968$17,403$15,460
21 years$40,035$32,001$25,356$19,938$15,574$13,735
22 years$37,812$29,872$23,370$18,128$13,960$12,222
23 years$35,786$27,938$21,578$16,509$12,531$10,890
24 years$33,931$26,176$19,956$15,058$11,263$9,714
25 years$32,227$24,565$18,483$13,752$10,135$8,675
26 years$30,657$23,087$17,142$12,574$9,129$7,755
27 years$29,205$21,728$15,918$11,509$8,231$6,937
28 years$27,860$20,474$14,798$10,545$7,427$6,211
29 years$26,609$19,315$13,771$9,670$6,706$5,564
30 years$25,445$18,241$12,827$8,874$6,060$4,987
31 years$24,357$17,244$11,958$8,150$5,478$4,473
32 years$23,340$16,316$11,157$7,490$4,956$4,013
33 years$22,386$15,452$10,418$6,888$4,485$3,602
34 years$21,490$14,645$9,734$6,338$4,061$3,235
35 years$20,647$13,890$9,100$5,834$3,678$2,906
36 years$19,853$13,184$8,513$5,373$3,332$2,611
37 years$19,103$12,522$7,968$4,951$3,020$2,347
38 years$18,395$11,900$7,462$4,563$2,738$2,110
39 years$17,725$11,316$6,991$4,207$2,483$1,897
40 years$17,089$10,766$6,552$3,881$2,252$1,706
41 years$16,487$10,248$6,144$3,580$2,043$1,535
42 years$15,914$9,760$5,763$3,304$1,854$1,381
43 years$15,370$9,299$5,408$3,050$1,683$1,242
44 years$14,852$8,864$5,077$2,816$1,527$1,118
45 years$14,358$8,453$4,767$2,601$1,387$1,006
46 years$13,887$8,064$4,477$2,403$1,259$905
47 years$13,438$7,695$4,206$2,220$1,143$815
48 years$13,008$7,346$3,953$2,051$1,038$734
49 years$12,597$7,015$3,715$1,896$943$661
50 years$12,204$6,701$3,493$1,752$856$595

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 $6,543 every year, while hoping to spend $49,096 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: 65/6/29 Blend
70$12,500,000$12,500,000$12,500,000$12,500,000
71$13,781,749$13,119,249$12,925,499$14,571,026
72$15,135,250$13,709,855$13,306,266$15,696,489
73$16,625,162$14,327,754$13,698,142$16,920,185
74$18,265,348$14,974,234$14,101,449$18,256,751
75$20,071,082$15,650,640$14,516,517$19,717,312
76$22,059,195$16,358,384$14,943,683$21,314,113
77$24,248,233$17,098,944$15,383,296$23,060,638
78$26,658,631$17,873,871$15,835,715$24,971,728
79$29,312,908$18,684,787$16,301,307$27,063,727
80$32,235,876$19,533,393$16,780,453$29,354,629
81$35,454,879$20,421,473$17,273,541$31,864,249
82$39,000,044$21,350,893$17,780,973$34,614,405
83$42,904,572$22,323,610$18,303,159$37,629,126
84$47,205,048$23,341,677$18,840,524$40,934,873
85$51,941,785$24,407,241$19,393,504$44,560,789
86$57,159,206$25,522,555$19,962,546$48,538,970
87$62,906,265$26,689,979$20,548,110$52,904,769
88$69,236,903$27,911,987$21,150,671$57,697,122
89$76,210,563$29,191,171$21,770,715$62,958,916
90$83,892,749$30,530,247$22,408,742$68,737,394
91$92,355,642$31,932,061$23,065,267$75,084,592
92$101,678,784$33,399,599$23,740,820$82,057,833
93$111,949,826$34,935,986$24,435,945$89,720,262
94$123,265,359$36,544,500$25,151,199$98,141,439
95$135,731,821$38,228,576$25,887,160$107,397,997
96$149,466,504$39,991,813$26,644,417$117,574,355
97$164,598,661$41,837,985$27,423,578$128,763,517
98$181,270,725$43,771,047$28,225,268$141,067,944
99$199,639,653$45,795,143$29,050,130$154,600,518
100$219,878,411$47,914,618$29,898,822$169,485,606