Can I retire at age 71 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$992,394
2 years$523,273$513,528$504,083$494,925$486,043$457,746
3 years$345,384$335,596$326,175$317,104$308,366$280,954
4 years$256,456$246,699$237,372$228,455$219,929$193,614
5 years$203,114$193,415$184,210$175,476$167,186$142,040
6 years$167,564$157,938$148,869$140,329$132,289$108,334
7 years$142,181$132,636$123,711$115,372$107,586$84,824
8 years$123,152$113,693$104,917$96,783$89,253$67,671
9 years$108,360$98,991$90,365$82,438$75,164$54,742
10 years$96,533$87,255$78,782$71,062$64,044$44,754
11 years$86,863$77,678$69,359$61,845$55,080$36,892
12 years$78,810$69,720$61,554$54,247$47,731$30,612
13 years$72,002$63,006$54,994$47,892$41,622$25,534
14 years$66,171$57,271$49,413$42,513$36,486$21,390
15 years$61,122$52,318$44,613$37,914$32,125$17,982
16 years$56,709$48,001$40,448$33,948$28,392$15,160
17 years$52,819$44,207$36,806$30,502$25,174$12,812
18 years$49,365$40,849$33,599$27,488$22,384$10,849
19 years$46,278$37,859$30,759$24,838$19,951$9,203
20 years$43,503$35,180$28,229$22,496$17,821$7,817
21 years$40,996$32,769$25,965$20,416$15,948$6,648
22 years$38,720$30,589$23,931$18,563$14,295$5,659
23 years$36,645$28,609$22,096$16,906$12,832$4,822
24 years$34,745$26,805$20,435$15,419$11,534$4,111
25 years$33,000$25,155$18,927$14,082$10,378$3,507
26 years$31,392$23,642$17,554$12,875$9,349$2,994
27 years$29,906$22,249$16,300$11,785$8,428$2,556
28 years$28,528$20,966$15,153$10,798$7,605$2,184
29 years$27,248$19,779$14,101$9,902$6,867$1,866
30 years$26,055$18,679$13,135$9,087$6,205$1,595
31 years$24,942$17,658$12,245$8,346$5,610$1,364
32 years$23,900$16,708$11,425$7,670$5,075$1,166
33 years$22,923$15,822$10,668$7,053$4,592$998
34 years$22,006$14,996$9,967$6,490$4,158$853
35 years$21,143$14,224$9,319$5,974$3,766$730
36 years$20,329$13,500$8,717$5,502$3,412$625
37 years$19,562$12,822$8,159$5,069$3,093$535
38 years$18,837$12,186$7,641$4,673$2,804$457
39 years$18,150$11,587$7,159$4,308$2,543$392
40 years$17,500$11,024$6,710$3,974$2,306$335
41 years$16,882$10,494$6,292$3,666$2,092$287
42 years$16,296$9,994$5,902$3,384$1,898$245
43 years$15,739$9,523$5,538$3,123$1,723$210
44 years$15,208$9,077$5,198$2,884$1,564$180
45 years$14,703$8,656$4,881$2,663$1,420$154
46 years$14,220$8,257$4,584$2,460$1,289$132
47 years$13,760$7,880$4,307$2,273$1,171$113
48 years$13,320$7,522$4,047$2,100$1,063$97
49 years$12,900$7,184$3,804$1,941$965$83
50 years$12,497$6,862$3,577$1,794$877$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,800,000, adding $4,860 every year, while hoping to spend $31,845 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: 80/7/13 Blend
70$12,800,000$12,800,000$12,800,000$12,800,000
71$14,110,613$13,432,213$13,233,813$15,203,825
72$15,516,013$14,056,509$13,643,263$16,547,156
73$17,063,696$14,710,327$14,065,362$18,016,409
74$18,768,142$15,395,082$14,500,501$19,627,892
75$20,645,306$16,112,255$14,949,081$21,395,832
76$22,712,769$16,863,397$15,411,517$23,335,899
77$24,989,905$17,650,137$15,888,236$25,465,350
78$27,498,062$18,474,181$16,379,680$27,803,191
79$30,260,767$19,337,318$16,886,301$30,370,353
80$33,303,940$20,241,422$17,408,567$33,189,891
81$36,656,150$21,188,460$17,946,962$36,287,198
82$40,348,874$22,180,491$18,501,982$39,690,245
83$44,416,801$23,219,676$19,074,140$43,429,838
84$48,898,155$24,308,281$19,663,964$47,539,916
85$53,835,058$25,448,678$20,271,998$52,057,860
86$59,273,928$26,643,358$20,898,804$57,024,851
87$65,265,915$27,894,929$21,544,961$62,486,252
88$71,867,386$29,206,128$22,211,064$68,492,036
89$79,140,453$30,579,822$22,897,729$75,097,256
90$87,153,566$32,019,019$23,605,589$82,362,562
91$95,982,150$33,526,871$24,335,297$90,354,770
92$105,709,326$35,106,685$25,087,526$99,147,491
93$116,426,689$36,761,924$25,862,970$108,821,825
94$128,235,176$38,496,223$26,662,344$119,467,120
95$141,246,017$40,313,391$27,486,386$131,181,815
96$155,581,786$42,217,423$28,335,855$144,074,367
97$171,377,556$44,212,505$29,211,534$158,264,270
98$188,782,178$46,303,028$30,114,231$173,883,180
99$207,959,680$48,493,597$31,044,779$191,076,157
100$229,090,822$50,789,038$32,004,033$210,003,027