Can I retire at age 71 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$992,674
2 years$519,185$509,516$500,145$491,059$482,246$462,139
3 years$342,685$332,974$323,627$314,626$305,956$286,411
4 years$254,453$244,771$235,517$226,670$218,211$199,378
5 years$201,527$191,904$182,771$174,105$165,880$147,813
6 years$166,255$156,704$147,706$139,233$131,255$113,974
7 years$141,070$131,600$122,745$114,471$106,746$90,254
8 years$122,190$112,805$104,097$96,027$88,556$72,849
9 years$107,513$98,217$89,659$81,794$74,577$59,644
10 years$95,779$86,574$78,167$70,507$63,543$49,371
11 years$86,184$77,071$68,817$61,362$54,649$41,220
12 years$78,195$69,175$61,073$53,823$47,358$34,653
13 years$71,439$62,514$54,565$47,517$41,297$29,295
14 years$65,654$56,824$49,027$42,181$36,201$24,878
15 years$60,645$51,909$44,264$37,618$31,874$21,208
16 years$56,266$47,626$40,132$33,683$28,170$18,136
17 years$52,406$43,862$36,519$30,264$24,978$15,551
18 years$48,979$40,530$33,337$27,274$22,209$13,364
19 years$45,916$37,563$30,518$24,644$19,795$11,506
20 years$43,163$34,905$28,008$22,320$17,682$9,922
21 years$40,676$32,513$25,762$20,257$15,823$8,569
22 years$38,417$30,350$23,744$18,418$14,183$7,408
23 years$36,358$28,385$21,923$16,774$12,732$6,411
24 years$34,474$26,595$20,275$15,299$11,443$5,554
25 years$32,743$24,958$18,779$13,972$10,297$4,814
26 years$31,147$23,457$17,417$12,775$9,276$4,176
27 years$29,672$22,076$16,173$11,693$8,363$3,624
28 years$28,306$20,802$15,035$10,713$7,546$3,147
29 years$27,035$19,624$13,991$9,824$6,814$2,734
30 years$25,852$18,533$13,032$9,016$6,157$2,376
31 years$24,747$17,520$12,150$8,281$5,566$2,065
32 years$23,713$16,577$11,336$7,610$5,035$1,796
33 years$22,744$15,699$10,584$6,998$4,557$1,562
34 years$21,834$14,879$9,889$6,439$4,126$1,358
35 years$20,977$14,112$9,246$5,927$3,737$1,182
36 years$20,171$13,395$8,649$5,459$3,386$1,028
37 years$19,409$12,722$8,095$5,030$3,068$895
38 years$18,689$12,090$7,581$4,636$2,782$779
39 years$18,008$11,497$7,103$4,275$2,523$678
40 years$17,363$10,938$6,657$3,943$2,288$590
41 years$16,751$10,412$6,242$3,638$2,076$514
42 years$16,169$9,916$5,856$3,357$1,884$448
43 years$15,616$9,448$5,495$3,099$1,710$390
44 years$15,089$9,006$5,158$2,861$1,552$339
45 years$14,588$8,588$4,843$2,643$1,409$295
46 years$14,109$8,193$4,549$2,441$1,279$257
47 years$13,653$7,818$4,273$2,255$1,161$224
48 years$13,216$7,464$4,016$2,084$1,055$195
49 years$12,799$7,127$3,775$1,926$958$170
50 years$12,400$6,808$3,549$1,780$870$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,700,000, adding $3,907 every year, while hoping to spend $42,005 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: 69/13/18 Blend
70$12,700,000$12,700,000$12,700,000$12,700,000
71$13,999,430$13,326,330$13,129,480$14,904,342
72$15,382,679$13,934,627$13,524,625$16,116,632
73$16,905,611$14,571,323$13,931,599$17,437,292
74$18,582,431$15,237,765$14,350,754$18,881,290
75$20,428,788$15,935,365$14,782,454$20,460,788
76$22,461,928$16,665,601$15,227,070$22,189,169
77$24,700,855$17,430,026$15,684,987$24,081,167
78$27,166,508$18,230,264$16,156,600$26,152,999
79$29,881,963$19,068,017$16,642,317$28,422,519
80$32,872,644$19,945,071$17,142,556$30,909,382
81$36,166,571$20,863,297$17,657,748$33,635,227
82$39,794,617$21,824,654$18,188,339$36,623,881
83$43,790,804$22,831,198$18,734,784$39,901,578
84$48,192,622$23,885,083$19,297,555$43,497,207
85$53,041,383$24,988,565$19,877,137$47,442,578
86$58,382,610$26,144,011$20,474,027$51,772,723
87$64,266,470$27,353,901$21,088,740$56,526,219
88$70,748,241$28,620,833$21,721,805$61,745,555
89$77,888,840$29,947,533$22,373,764$67,477,521
90$85,755,396$31,336,856$23,045,179$73,773,655
91$94,421,880$32,791,796$23,736,626$80,690,720
92$103,969,807$34,315,489$24,448,698$88,291,236
93$114,489,005$35,911,226$25,182,008$96,644,069
94$126,078,461$37,582,454$25,937,182$105,825,073
95$138,847,257$39,332,786$26,714,870$115,917,806
96$152,915,596$41,166,012$27,515,737$127,014,310
97$168,415,942$43,086,102$28,340,470$139,215,977
98$185,494,267$45,097,220$29,189,775$152,634,499
99$204,311,428$47,203,729$30,064,378$167,392,920
100$225,044,687$49,410,205$30,965,028$183,626,789