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%17.7%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$996,534
2 years$527,361$517,540$508,021$498,792$489,840$457,756
3 years$348,082$338,218$328,723$319,581$310,775$279,742
4 years$258,460$248,626$239,226$230,240$221,647$191,905
5 years$204,701$194,926$185,649$176,846$168,493$140,120
6 years$168,873$159,172$150,032$141,425$133,322$106,344
7 years$143,292$133,672$124,678$116,274$108,427$82,841
8 years$124,114$114,582$105,736$97,539$89,951$65,740
9 years$109,207$99,764$91,071$83,082$75,751$52,890
10 years$97,287$87,937$79,398$71,617$64,544$42,997
11 years$87,542$78,285$69,900$62,328$55,510$35,239
12 years$79,426$70,265$62,035$54,670$48,104$29,067
13 years$72,564$63,499$55,424$48,266$41,947$24,098
14 years$66,688$57,718$49,799$42,845$36,771$20,062
15 years$61,600$52,727$44,962$38,210$32,376$16,759
16 years$57,152$48,376$40,764$34,213$28,614$14,038
17 years$53,231$44,552$37,094$30,740$25,371$11,786
18 years$49,750$41,168$33,862$27,703$22,559$9,914
19 years$46,639$38,154$30,999$25,032$20,107$8,352
20 years$43,843$35,455$28,449$22,671$17,960$7,046
21 years$41,316$33,025$26,168$20,576$16,072$5,951
22 years$39,022$30,828$24,118$18,708$14,407$5,030
23 years$36,931$28,832$22,268$17,038$12,932$4,256
24 years$35,017$27,014$20,595$15,539$11,624$3,603
25 years$33,258$25,351$19,075$14,192$10,460$3,051
26 years$31,638$23,826$17,691$12,976$9,422$2,586
27 years$30,140$22,423$16,427$11,877$8,494$2,192
28 years$28,751$21,129$15,271$10,882$7,665$1,859
29 years$27,461$19,933$14,211$9,979$6,921$1,577
30 years$26,259$18,825$13,237$9,158$6,254$1,338
31 years$25,136$17,796$12,341$8,411$5,654$1,135
32 years$24,086$16,838$11,514$7,730$5,114$964
33 years$23,102$15,946$10,751$7,108$4,628$818
34 years$22,178$15,113$10,045$6,540$4,190$695
35 years$21,308$14,335$9,391$6,021$3,795$590
36 years$20,488$13,606$8,785$5,545$3,439$501
37 years$19,715$12,922$8,223$5,109$3,117$425
38 years$18,984$12,281$7,700$4,709$2,826$361
39 years$18,292$11,678$7,214$4,342$2,562$307
40 years$17,636$11,111$6,762$4,005$2,324$261
41 years$17,014$10,576$6,341$3,695$2,109$221
42 years$16,424$10,072$5,948$3,410$1,913$188
43 years$15,862$9,597$5,581$3,148$1,736$160
44 years$15,327$9,148$5,239$2,907$1,576$136
45 years$14,817$8,723$4,919$2,684$1,431$115
46 years$14,332$8,322$4,620$2,479$1,299$98
47 years$13,868$7,941$4,341$2,291$1,180$83
48 years$13,424$7,581$4,079$2,117$1,071$71
49 years$13,001$7,240$3,834$1,956$973$60
50 years$12,595$6,916$3,605$1,808$884$51

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 $4,425 every year, while hoping to spend $23,958 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: 64/23/13 Blend
70$12,900,000$12,900,000$12,900,000$12,900,000
71$14,220,364$13,536,664$13,336,714$15,086,815
72$15,645,350$14,174,470$13,758,003$16,304,746
73$17,214,882$14,842,725$14,192,602$17,631,391
74$18,943,678$15,542,896$14,640,932$19,079,908
75$20,847,956$16,276,521$15,103,427$20,662,167
76$22,945,590$17,045,213$15,580,533$22,391,221
77$25,256,273$17,850,661$16,072,714$24,281,431
78$27,801,708$18,694,639$16,580,445$26,348,594
79$30,605,810$19,579,004$17,104,219$28,610,092
80$33,694,933$20,505,706$17,644,540$31,085,050
81$37,098,118$21,476,787$18,201,934$33,794,512
82$40,847,366$22,494,389$18,776,938$36,761,639
83$44,977,942$23,560,759$19,370,111$40,011,919
84$49,528,708$24,678,252$19,982,025$43,573,406
85$54,542,486$25,849,337$20,613,273$47,476,977
86$60,066,469$27,076,603$21,264,467$51,756,622
87$66,152,658$28,362,766$21,936,236$56,449,758
88$72,858,359$29,710,672$22,629,230$61,597,575
89$80,246,724$31,123,307$23,344,121$67,245,423
90$88,387,341$32,603,800$24,081,600$73,443,230
91$97,356,898$34,155,434$24,842,382$80,245,970
92$107,239,902$35,781,651$25,627,202$87,714,174
93$118,129,479$37,486,059$26,436,821$95,914,495
94$130,128,253$39,272,443$27,272,022$104,920,330
95$143,349,314$41,144,772$28,133,613$114,812,504
96$157,917,284$43,107,206$29,022,429$125,680,027
97$173,969,497$45,164,108$29,939,330$137,620,928
98$191,657,292$47,320,056$30,885,204$150,743,165
99$211,147,443$49,579,846$31,860,966$165,165,643
100$232,623,735$51,948,511$32,867,561$181,019,321