Can I retire at age 71 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$993,748
2 years$527,361$517,540$508,021$498,792$489,840$455,013
3 years$348,082$338,218$328,723$319,581$310,775$277,130
4 years$258,460$248,626$239,226$230,240$221,647$189,442
5 years$204,701$194,926$185,649$176,846$168,493$137,813
6 years$168,873$159,172$150,032$141,425$133,322$104,192
7 years$143,292$133,672$124,678$116,274$108,427$80,841
8 years$124,114$114,582$105,736$97,539$89,951$63,889
9 years$109,207$99,764$91,071$83,082$75,751$51,181
10 years$97,287$87,937$79,398$71,617$64,544$41,425
11 years$87,542$78,285$69,900$62,328$55,510$33,797
12 years$79,426$70,265$62,035$54,670$48,104$27,748
13 years$72,564$63,499$55,424$48,266$41,947$22,896
14 years$66,688$57,718$49,799$42,845$36,771$18,969
15 years$61,600$52,727$44,962$38,210$32,376$15,767
16 years$57,152$48,376$40,764$34,213$28,614$13,140
17 years$53,231$44,552$37,094$30,740$25,371$10,976
18 years$49,750$41,168$33,862$27,703$22,559$9,184
19 years$46,639$38,154$30,999$25,032$20,107$7,697
20 years$43,843$35,455$28,449$22,671$17,960$6,459
21 years$41,316$33,025$26,168$20,576$16,072$5,425
22 years$39,022$30,828$24,118$18,708$14,407$4,561
23 years$36,931$28,832$22,268$17,038$12,932$3,837
24 years$35,017$27,014$20,595$15,539$11,624$3,230
25 years$33,258$25,351$19,075$14,192$10,460$2,721
26 years$31,638$23,826$17,691$12,976$9,422$2,293
27 years$30,140$22,423$16,427$11,877$8,494$1,933
28 years$28,751$21,129$15,271$10,882$7,665$1,630
29 years$27,461$19,933$14,211$9,979$6,921$1,375
30 years$26,259$18,825$13,237$9,158$6,254$1,160
31 years$25,136$17,796$12,341$8,411$5,654$978
32 years$24,086$16,838$11,514$7,730$5,114$826
33 years$23,102$15,946$10,751$7,108$4,628$697
34 years$22,178$15,113$10,045$6,540$4,190$588
35 years$21,308$14,335$9,391$6,021$3,795$497
36 years$20,488$13,606$8,785$5,545$3,439$419
37 years$19,715$12,922$8,223$5,109$3,117$354
38 years$18,984$12,281$7,700$4,709$2,826$299
39 years$18,292$11,678$7,214$4,342$2,562$252
40 years$17,636$11,111$6,762$4,005$2,324$213
41 years$17,014$10,576$6,341$3,695$2,109$180
42 years$16,424$10,072$5,948$3,410$1,913$152
43 years$15,862$9,597$5,581$3,148$1,736$128
44 years$15,327$9,148$5,239$2,907$1,576$108
45 years$14,817$8,723$4,919$2,684$1,431$92
46 years$14,332$8,322$4,620$2,479$1,299$77
47 years$13,868$7,941$4,341$2,291$1,180$65
48 years$13,424$7,581$4,079$2,117$1,071$55
49 years$13,001$7,240$3,834$1,956$973$47
50 years$12,595$6,916$3,605$1,808$884$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,900,000, adding $2,854 every year, while hoping to spend $28,483 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: 54/32/14 Blend
70$12,900,000$12,900,000$12,900,000$12,900,000
71$14,218,744$13,535,044$13,335,094$14,933,966
72$15,638,750$14,167,955$13,751,514$16,054,200
73$17,202,642$14,830,925$14,180,929$17,269,590
74$18,925,067$15,525,395$14,623,745$18,591,836
75$20,822,163$16,252,879$15,080,380$20,031,109
76$22,911,715$17,014,961$15,551,264$21,598,587
77$25,213,321$17,813,305$16,036,843$23,306,554
78$27,748,576$18,649,653$16,537,573$25,168,514
79$30,541,276$19,525,833$17,053,928$27,199,308
80$33,617,647$20,443,758$17,586,394$29,415,256
81$37,006,583$21,405,439$18,135,475$31,834,300
82$40,739,930$22,412,980$18,701,688$34,476,172
83$44,852,775$23,468,589$19,285,568$37,362,571
84$49,383,788$24,574,580$19,887,665$40,517,364
85$54,375,580$25,733,380$20,508,546$43,966,805
86$59,875,106$26,947,532$21,148,799$47,739,775
87$65,934,109$28,219,704$21,809,027$51,868,049
88$72,609,611$29,552,692$22,489,852$56,386,587
89$79,964,446$30,949,428$23,191,916$61,333,859
90$88,067,857$32,412,988$23,915,883$66,752,197
91$96,996,147$33,946,593$24,662,434$72,688,189
92$106,833,402$35,553,624$25,432,273$79,193,109
93$117,672,282$37,237,625$26,226,128$86,323,391
94$129,614,897$39,002,310$27,044,745$94,141,156
95$142,773,769$40,851,577$27,888,897$102,714,783
96$157,272,899$42,789,509$28,759,380$112,119,547
97$173,248,930$44,820,391$29,657,015$122,438,321
98$190,852,444$46,948,713$30,582,648$133,762,341
99$210,249,378$49,179,184$31,537,151$146,192,061
100$231,622,593$51,516,743$32,521,425$159,838,087