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%14.9%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,000,082
2 years$523,273$513,528$504,083$494,925$486,043$465,371
3 years$345,384$335,596$326,175$317,104$308,366$288,274
4 years$256,456$246,699$237,372$228,455$219,929$200,573
5 years$203,114$193,415$184,210$175,476$167,186$148,622
6 years$167,564$157,938$148,869$140,329$132,289$114,535
7 years$142,181$132,636$123,711$115,372$107,586$90,647
8 years$123,152$113,693$104,917$96,783$89,253$73,124
9 years$108,360$98,991$90,365$82,438$75,164$59,834
10 years$96,533$87,255$78,782$71,062$64,044$49,497
11 years$86,863$77,678$69,359$61,845$55,080$41,300
12 years$78,810$69,720$61,554$54,247$47,731$34,697
13 years$72,002$63,006$54,994$47,892$41,622$29,312
14 years$66,171$57,271$49,413$42,513$36,486$24,877
15 years$61,122$52,318$44,613$37,914$32,125$21,192
16 years$56,709$48,001$40,448$33,948$28,392$18,110
17 years$52,819$44,207$36,806$30,502$25,174$15,517
18 years$49,365$40,849$33,599$27,488$22,384$13,325
19 years$46,278$37,859$30,759$24,838$19,951$11,464
20 years$43,503$35,180$28,229$22,496$17,821$9,879
21 years$40,996$32,769$25,965$20,416$15,948$8,524
22 years$38,720$30,589$23,931$18,563$14,295$7,364
23 years$36,645$28,609$22,096$16,906$12,832$6,368
24 years$34,745$26,805$20,435$15,419$11,534$5,512
25 years$33,000$25,155$18,927$14,082$10,378$4,774
26 years$31,392$23,642$17,554$12,875$9,349$4,138
27 years$29,906$22,249$16,300$11,785$8,428$3,589
28 years$28,528$20,966$15,153$10,798$7,605$3,113
29 years$27,248$19,779$14,101$9,902$6,867$2,702
30 years$26,055$18,679$13,135$9,087$6,205$2,346
31 years$24,942$17,658$12,245$8,346$5,610$2,038
32 years$23,900$16,708$11,425$7,670$5,075$1,771
33 years$22,923$15,822$10,668$7,053$4,592$1,539
34 years$22,006$14,996$9,967$6,490$4,158$1,337
35 years$21,143$14,224$9,319$5,974$3,766$1,163
36 years$20,329$13,500$8,717$5,502$3,412$1,011
37 years$19,562$12,822$8,159$5,069$3,093$879
38 years$18,837$12,186$7,641$4,673$2,804$764
39 years$18,150$11,587$7,159$4,308$2,543$665
40 years$17,500$11,024$6,710$3,974$2,306$578
41 years$16,882$10,494$6,292$3,666$2,092$503
42 years$16,296$9,994$5,902$3,384$1,898$438
43 years$15,739$9,523$5,538$3,123$1,723$381
44 years$15,208$9,077$5,198$2,884$1,564$331
45 years$14,703$8,656$4,881$2,663$1,420$288
46 years$14,220$8,257$4,584$2,460$1,289$251
47 years$13,760$7,880$4,307$2,273$1,171$218
48 years$13,320$7,522$4,047$2,100$1,063$190
49 years$12,900$7,184$3,804$1,941$965$165
50 years$12,497$6,862$3,577$1,794$877$144

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 $6,239 every year, while hoping to spend $28,217 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: 63/30/7 Blend
70$12,800,000$12,800,000$12,800,000$12,800,000
71$14,112,036$13,433,636$13,235,236$14,981,967
72$15,521,440$14,061,861$13,648,593$16,191,031
73$17,073,659$14,719,924$14,074,853$17,506,682
74$18,783,228$15,409,256$14,514,416$18,942,380
75$20,666,168$16,131,360$14,967,699$20,509,750
76$22,740,129$16,887,808$15,435,129$22,221,573
77$25,024,563$17,680,252$15,917,147$24,091,905
78$27,540,905$18,510,421$16,414,209$26,136,205
79$30,312,776$19,380,130$16,926,783$28,371,475
80$33,366,202$20,291,279$17,455,353$30,816,421
81$36,729,865$21,245,863$18,000,418$33,491,616
82$40,435,372$22,245,970$18,562,492$36,419,700
83$44,517,551$23,293,794$19,142,107$39,625,581
84$49,014,782$24,391,631$19,739,808$43,136,666
85$53,969,358$25,541,889$20,356,160$46,983,119
86$59,427,886$26,747,095$20,991,745$51,198,131
87$65,441,724$28,009,896$21,647,162$55,818,236
88$72,067,467$29,333,069$22,323,029$60,883,645
89$79,367,483$30,719,523$23,019,985$66,438,619
90$87,410,498$32,172,312$23,738,686$72,531,880
91$96,272,248$33,694,634$24,479,811$79,217,064
92$106,036,191$35,289,846$25,244,059$86,553,221
93$116,794,299$36,961,464$26,032,151$94,605,360
94$128,647,919$38,713,177$26,844,830$103,445,060
95$141,708,738$40,548,854$27,682,863$113,151,131
96$156,099,830$42,472,549$28,547,040$123,810,353
97$171,956,822$44,488,514$29,438,176$135,518,284
98$189,429,175$46,601,208$30,357,111$148,380,152
99$208,681,589$48,815,305$31,304,713$162,511,836
100$229,895,565$51,135,709$32,281,874$178,040,952