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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$996,135
2 years$527,361$517,540$508,021$498,792$489,840$457,362
3 years$348,082$338,218$328,723$319,581$310,775$279,367
4 years$258,460$248,626$239,226$230,240$221,647$191,551
5 years$204,701$194,926$185,649$176,846$168,493$139,788
6 years$168,873$159,172$150,032$141,425$133,322$106,034
7 years$143,292$133,672$124,678$116,274$108,427$82,552
8 years$124,114$114,582$105,736$97,539$89,951$65,472
9 years$109,207$99,764$91,071$83,082$75,751$52,642
10 years$97,287$87,937$79,398$71,617$64,544$42,769
11 years$87,542$78,285$69,900$62,328$55,510$35,030
12 years$79,426$70,265$62,035$54,670$48,104$28,875
13 years$72,564$63,499$55,424$48,266$41,947$23,923
14 years$66,688$57,718$49,799$42,845$36,771$19,902
15 years$61,600$52,727$44,962$38,210$32,376$16,613
16 years$57,152$48,376$40,764$34,213$28,614$13,906
17 years$53,231$44,552$37,094$30,740$25,371$11,667
18 years$49,750$41,168$33,862$27,703$22,559$9,806
19 years$46,639$38,154$30,999$25,032$20,107$8,255
20 years$43,843$35,455$28,449$22,671$17,960$6,959
21 years$41,316$33,025$26,168$20,576$16,072$5,873
22 years$39,022$30,828$24,118$18,708$14,407$4,960
23 years$36,931$28,832$22,268$17,038$12,932$4,193
24 years$35,017$27,014$20,595$15,539$11,624$3,547
25 years$33,258$25,351$19,075$14,192$10,460$3,002
26 years$31,638$23,826$17,691$12,976$9,422$2,542
27 years$30,140$22,423$16,427$11,877$8,494$2,153
28 years$28,751$21,129$15,271$10,882$7,665$1,824
29 years$27,461$19,933$14,211$9,979$6,921$1,546
30 years$26,259$18,825$13,237$9,158$6,254$1,311
31 years$25,136$17,796$12,341$8,411$5,654$1,112
32 years$24,086$16,838$11,514$7,730$5,114$943
33 years$23,102$15,946$10,751$7,108$4,628$800
34 years$22,178$15,113$10,045$6,540$4,190$678
35 years$21,308$14,335$9,391$6,021$3,795$576
36 years$20,488$13,606$8,785$5,545$3,439$488
37 years$19,715$12,922$8,223$5,109$3,117$414
38 years$18,984$12,281$7,700$4,709$2,826$352
39 years$18,292$11,678$7,214$4,342$2,562$298
40 years$17,636$11,111$6,762$4,005$2,324$253
41 years$17,014$10,576$6,341$3,695$2,109$215
42 years$16,424$10,072$5,948$3,410$1,913$182
43 years$15,862$9,597$5,581$3,148$1,736$155
44 years$15,327$9,148$5,239$2,907$1,576$131
45 years$14,817$8,723$4,919$2,684$1,431$112
46 years$14,332$8,322$4,620$2,479$1,299$95
47 years$13,868$7,941$4,341$2,291$1,180$80
48 years$13,424$7,581$4,079$2,117$1,071$68
49 years$13,001$7,240$3,834$1,956$973$58
50 years$12,595$6,916$3,605$1,808$884$49

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 $4,086 every year, while hoping to spend $57,445 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: 65/20/15 Blend
70$12,900,000$12,900,000$12,900,000$12,900,000
71$14,220,015$13,536,315$13,336,365$15,092,843
72$15,609,335$14,138,473$13,722,012$16,279,432
73$17,138,441$14,768,212$14,118,653$17,568,495
74$18,821,530$15,426,822$14,526,596$18,975,670
75$20,674,245$16,115,655$14,946,156$20,512,496
76$22,713,824$16,836,129$15,377,658$22,191,667
77$24,959,261$17,589,726$15,821,436$24,027,151
78$27,431,483$18,378,000$16,277,832$26,034,320
79$30,153,554$19,202,582$16,747,199$28,230,087
80$33,150,883$20,065,175$17,229,897$30,633,071
81$36,451,473$20,967,568$17,726,298$33,263,760
82$40,086,178$21,911,633$18,236,784$36,144,709
83$44,088,997$22,899,332$18,761,745$39,300,742
84$48,497,395$23,932,720$19,301,584$42,759,191
85$53,352,657$25,013,951$19,856,715$46,550,143
86$58,700,274$26,145,281$20,427,561$50,706,723
87$64,590,376$27,329,074$21,014,558$55,265,403
88$71,078,203$28,567,806$21,618,154$60,266,341
89$78,224,625$29,864,075$22,238,808$65,753,754
90$86,096,721$31,220,598$22,876,992$71,776,334
91$94,768,405$32,640,227$23,533,190$78,387,699
92$104,321,131$34,125,946$24,207,900$85,646,899
93$114,844,655$35,680,886$24,901,633$93,618,962
94$126,437,885$37,308,325$25,614,914$102,375,506
95$139,209,816$39,011,700$26,348,280$111,995,407
96$153,280,555$40,794,610$27,102,285$122,565,540
97$168,782,456$42,660,831$27,877,496$134,181,591
98$185,861,370$44,614,315$28,674,496$146,948,952
99$204,678,022$46,659,209$29,493,883$160,983,714
100$225,409,524$48,799,854$30,336,272$176,413,748