Can I retire at age 71 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$987,690
2 years$515,097$505,504$496,207$487,192$478,448$461,322
3 years$339,987$330,352$321,079$312,149$303,547$286,879
4 years$252,449$242,844$233,663$224,886$216,493$200,411
5 years$199,940$190,393$181,332$172,734$164,574$149,125
6 years$164,946$155,470$146,543$138,137$130,222$115,424
7 years$139,959$130,563$121,778$113,570$105,905$91,762
8 years$121,228$111,917$103,277$95,271$87,859$74,367
9 years$106,667$97,444$88,953$81,150$73,990$61,142
10 years$95,025$85,892$77,551$69,952$63,043$50,829
11 years$85,506$76,465$68,275$60,879$54,219$42,625
12 years$77,579$68,630$60,592$53,399$46,985$35,996
13 years$70,877$62,022$54,135$47,143$40,972$30,571
14 years$65,137$56,376$48,641$41,849$35,916$26,086
15 years$60,167$51,501$43,916$37,322$31,623$22,345
16 years$55,823$47,251$39,816$33,417$27,949$19,203
17 years$51,993$43,516$36,231$30,025$24,781$16,548
18 years$48,593$40,211$33,074$27,059$22,034$14,293
19 years$45,555$37,267$30,278$24,450$19,640$12,370
20 years$42,823$34,630$27,788$22,144$17,542$10,724
21 years$40,355$32,257$25,559$20,097$15,698$9,310
22 years$38,115$30,111$23,557$18,273$14,071$8,093
23 years$36,072$28,162$21,751$16,642$12,631$7,042
24 years$34,202$26,386$20,116$15,178$11,353$6,133
25 years$32,485$24,762$18,631$13,862$10,216$5,346
26 years$30,902$23,272$17,279$12,674$9,202$4,664
27 years$29,439$21,902$16,045$11,601$8,297$4,070
28 years$28,083$20,638$14,916$10,629$7,486$3,555
29 years$26,822$19,470$13,881$9,747$6,760$3,106
30 years$25,648$18,387$12,930$8,945$6,108$2,714
31 years$24,552$17,382$12,054$8,216$5,522$2,373
32 years$23,526$16,447$11,246$7,550$4,995$2,076
33 years$22,565$15,575$10,501$6,943$4,521$1,816
34 years$21,662$14,762$9,811$6,388$4,093$1,589
35 years$20,812$14,001$9,173$5,881$3,707$1,390
36 years$20,012$13,289$8,581$5,416$3,359$1,217
37 years$19,256$12,622$8,032$4,990$3,044$1,066
38 years$18,542$11,995$7,521$4,600$2,760$933
39 years$17,867$11,406$7,047$4,241$2,503$817
40 years$17,226$10,852$6,605$3,912$2,270$716
41 years$16,619$10,330$6,193$3,609$2,060$627
42 years$16,042$9,838$5,810$3,331$1,869$549
43 years$15,493$9,374$5,451$3,075$1,696$481
44 years$14,971$8,935$5,117$2,839$1,540$421
45 years$14,473$8,520$4,805$2,622$1,398$369
46 years$13,998$8,128$4,513$2,422$1,269$323
47 years$13,545$7,757$4,240$2,237$1,152$283
48 years$13,112$7,405$3,984$2,068$1,046$248
49 years$12,698$7,071$3,745$1,911$950$218
50 years$12,302$6,755$3,521$1,766$863$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,600,000, adding $2,966 every year, while hoping to spend $49,545 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: 58/25/17 Blend
70$12,600,000$12,600,000$12,600,000$12,600,000
71$13,888,259$13,220,459$13,025,159$14,632,105
72$15,252,146$13,815,546$13,408,787$15,731,610
73$16,753,489$14,438,132$13,803,605$16,923,977
74$18,406,256$15,089,512$14,209,937$18,222,707
75$20,225,839$15,771,042$14,628,114$19,638,050
76$22,229,196$16,484,145$15,058,478$21,181,281
77$24,435,016$17,230,310$15,501,379$22,864,795
78$26,863,891$18,011,098$15,957,178$24,702,227
79$29,538,510$18,828,145$16,426,246$26,708,575
80$32,483,878$19,683,164$16,908,965$28,900,335
81$35,727,545$20,577,950$17,405,727$31,295,658
82$39,299,871$21,514,386$17,916,935$33,914,512
83$43,234,310$22,494,443$18,443,004$36,778,870
84$47,567,726$23,520,187$18,984,361$39,912,911
85$52,340,741$24,593,783$19,541,444$43,343,245
86$57,598,118$25,717,500$20,114,705$47,099,155
87$63,389,185$26,893,716$20,704,606$51,212,876
88$69,768,296$28,124,923$21,311,624$55,719,887
89$76,795,349$29,413,731$21,936,251$60,659,242
90$84,536,348$30,762,877$22,578,989$66,073,936
91$93,064,027$32,175,230$23,240,356$72,011,299
92$102,458,536$33,653,794$23,920,886$78,523,443
93$112,808,197$35,201,720$24,621,126$85,667,743
94$124,210,339$36,822,310$25,341,640$93,507,372
95$136,772,213$38,519,024$26,083,005$102,111,890
96$150,612,011$40,295,487$26,845,817$111,557,896
97$165,859,972$42,155,502$27,630,688$121,929,739
98$182,659,619$44,103,052$28,438,246$133,320,309
99$201,169,111$46,142,313$29,269,138$145,831,903
100$221,562,736$48,277,661$30,124,029$159,577,182