Can I retire at age 71 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,019,045
2 years$531,449$521,552$511,959$502,659$493,637$475,967
3 years$350,780$340,840$331,272$322,058$313,184$295,986
4 years$260,463$250,553$241,081$232,025$223,365$206,773
5 years$206,287$196,437$187,089$178,217$169,799$153,859
6 years$170,182$160,405$151,195$142,522$134,356$119,088
7 years$144,402$134,708$125,644$117,175$109,267$94,675
8 years$125,077$115,470$106,556$98,295$90,648$76,728
9 years$110,053$100,537$91,777$83,726$76,339$63,083
10 years$98,042$88,619$80,013$72,172$65,044$52,442
11 years$88,220$78,892$70,442$62,812$55,940$43,978
12 years$80,042$70,809$62,516$55,094$48,477$37,139
13 years$73,127$63,991$55,854$48,640$42,273$31,542
14 years$67,205$58,166$50,185$43,177$37,056$26,914
15 years$62,077$53,136$45,310$38,506$32,627$23,054
16 years$57,595$48,751$41,080$34,478$28,836$19,813
17 years$53,644$44,898$37,381$30,978$25,568$17,073
18 years$50,136$41,488$34,124$27,918$22,734$14,747
19 years$47,001$38,450$31,239$25,226$20,263$12,763
20 years$44,183$35,730$28,670$22,847$18,099$11,064
21 years$41,637$33,281$26,371$20,735$16,197$9,605
22 years$39,325$31,067$24,305$18,853$14,518$8,349
23 years$37,217$29,056$22,441$17,170$13,032$7,266
24 years$35,288$27,224$20,754$15,660$11,714$6,328
25 years$33,516$25,548$19,223$14,302$10,541$5,516
26 years$31,883$24,011$17,828$13,077$9,495$4,812
27 years$30,373$22,597$16,555$11,969$8,560$4,200
28 years$28,974$21,293$15,390$10,966$7,724$3,667
29 years$27,674$20,088$14,322$10,056$6,975$3,204
30 years$26,462$18,971$13,340$9,229$6,302$2,800
31 years$25,331$17,934$12,436$8,476$5,698$2,448
32 years$24,273$16,969$11,603$7,790$5,154$2,141
33 years$23,281$16,070$10,834$7,164$4,664$1,873
34 years$22,349$15,230$10,123$6,591$4,223$1,639
35 years$21,473$14,446$9,464$6,067$3,825$1,435
36 years$20,647$13,711$8,853$5,588$3,466$1,256
37 years$19,868$13,022$8,287$5,149$3,141$1,099
38 years$19,131$12,376$7,760$4,746$2,848$963
39 years$18,434$11,768$7,270$4,376$2,582$843
40 years$17,773$11,197$6,815$4,036$2,342$738
41 years$17,146$10,658$6,390$3,724$2,125$647
42 years$16,551$10,150$5,994$3,436$1,928$566
43 years$15,985$9,671$5,624$3,172$1,750$496
44 years$15,446$9,219$5,280$2,929$1,588$435
45 years$14,932$8,791$4,957$2,705$1,442$381
46 years$14,443$8,386$4,656$2,499$1,309$334
47 years$13,975$8,003$4,374$2,309$1,189$292
48 years$13,528$7,640$4,111$2,133$1,080$256
49 years$13,101$7,296$3,864$1,971$981$224
50 years$12,693$6,969$3,632$1,822$891$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,000,000, adding $5,350 every year, while hoping to spend $45,751 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: 83/12/5 Blend
70$13,000,000$13,000,000$13,000,000$13,000,000
71$14,331,519$13,642,519$13,441,019$15,519,843
72$15,744,655$14,262,323$13,842,614$16,916,153
73$17,300,397$14,910,965$14,256,129$18,442,290
74$19,013,244$15,589,808$14,681,916$20,116,563
75$20,899,170$16,300,284$15,120,335$21,953,784
76$22,975,777$17,043,890$15,571,758$23,970,261
77$25,262,462$17,822,196$16,036,568$26,183,953
78$27,780,599$18,636,849$16,515,158$28,614,637
79$30,553,738$19,489,573$17,007,934$31,284,092
80$33,607,832$20,382,175$17,515,313$34,216,305
81$36,971,479$21,316,550$18,037,724$37,437,694
82$40,676,191$22,294,682$18,575,609$40,977,355
83$44,756,693$23,318,651$19,129,422$44,867,335
84$49,251,248$24,390,638$19,699,630$49,142,932
85$54,202,024$25,512,928$20,286,717$53,843,025
86$59,655,484$26,687,915$20,891,175$59,010,441
87$65,662,830$27,918,109$21,513,516$64,692,354
88$72,280,483$29,206,141$22,154,263$70,940,731
89$79,570,619$30,554,768$22,813,958$77,812,813
90$87,601,750$31,966,880$23,493,153$85,371,661
91$96,449,377$33,445,506$24,192,423$93,686,743
92$106,196,698$34,993,820$24,912,353$102,834,587
93$116,935,395$36,615,150$25,653,550$112,899,500
94$128,766,497$38,312,985$26,416,636$123,974,363
95$141,801,338$40,090,979$27,202,252$136,161,501
96$156,162,603$41,952,966$28,011,056$149,573,647
97$171,985,490$43,902,963$28,843,728$164,335,000
98$189,418,982$45,945,180$29,700,964$180,582,397
99$208,627,255$48,084,031$30,583,484$198,466,595
100$229,791,230$50,324,143$31,492,025$218,153,698