Can I retire at age 71 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,018,946
2 years$535,538$525,564$515,897$506,525$497,434$471,734
3 years$353,479$343,462$333,820$324,536$315,593$290,662
4 years$262,467$252,481$242,935$233,810$225,083$201,114
5 years$207,874$197,948$188,528$179,588$171,105$148,164
6 years$171,491$161,639$152,358$143,618$135,389$113,500
7 years$145,513$135,744$126,611$118,076$110,108$89,273
8 years$126,039$116,358$107,376$99,051$91,345$71,555
9 years$110,900$101,311$92,483$84,370$76,926$58,164
10 years$98,796$89,300$80,629$72,728$65,545$47,790
11 years$88,899$79,499$70,984$63,295$56,371$39,597
12 years$80,658$71,354$62,997$55,518$48,850$33,029
13 years$73,689$64,483$56,283$49,014$42,598$27,699
14 years$67,722$58,613$50,571$43,509$37,341$23,332
15 years$62,555$53,544$45,659$38,803$32,878$19,724
16 years$58,038$49,126$41,396$34,744$29,058$16,725
17 years$54,057$45,243$37,669$31,217$25,764$14,217
18 years$50,522$41,807$34,387$28,133$22,909$12,110
19 years$47,362$38,746$31,480$25,420$20,419$10,334
20 years$44,523$36,005$28,890$23,023$18,239$8,831
21 years$41,957$33,537$26,574$20,895$16,321$7,557
22 years$39,627$31,305$24,492$18,998$14,630$6,473
23 years$37,503$29,279$22,614$17,302$13,133$5,550
24 years$35,559$27,433$20,914$15,780$11,804$4,762
25 years$33,774$25,744$19,370$14,412$10,622$4,089
26 years$32,128$24,196$17,965$13,177$9,568$3,513
27 years$30,607$22,771$16,682$12,061$8,626$3,019
28 years$29,197$21,457$15,508$11,051$7,783$2,596
29 years$27,887$20,242$14,432$10,134$7,028$2,233
30 years$26,666$19,117$13,443$9,300$6,350$1,921
31 years$25,526$18,071$12,532$8,542$5,741$1,654
32 years$24,460$17,099$11,693$7,850$5,194$1,424
33 years$23,460$16,193$10,918$7,219$4,700$1,226
34 years$22,521$15,348$10,201$6,642$4,255$1,056
35 years$21,638$14,557$9,537$6,114$3,854$909
36 years$20,806$13,817$8,922$5,631$3,492$783
37 years$20,020$13,123$8,350$5,188$3,165$675
38 years$19,278$12,471$7,820$4,782$2,869$581
39 years$18,575$11,859$7,326$4,409$2,602$501
40 years$17,910$11,283$6,867$4,067$2,360$432
41 years$17,278$10,740$6,439$3,752$2,141$372
42 years$16,678$10,229$6,040$3,463$1,943$321
43 years$16,108$9,746$5,668$3,197$1,763$276
44 years$15,565$9,290$5,320$2,952$1,601$238
45 years$15,047$8,859$4,995$2,726$1,453$205
46 years$14,554$8,451$4,692$2,518$1,319$177
47 years$14,083$8,065$4,408$2,326$1,198$152
48 years$13,632$7,699$4,142$2,150$1,088$131
49 years$13,202$7,352$3,893$1,987$988$113
50 years$12,790$7,023$3,660$1,836$898$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,100,000, adding $2,190 every year, while hoping to spend $43,396 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: 64/26/10 Blend
70$13,100,000$13,100,000$13,100,000$13,100,000
71$14,438,459$13,744,159$13,541,109$15,331,028
72$15,865,009$14,371,450$13,948,563$16,554,284
73$17,435,612$15,028,023$14,368,213$17,884,562
74$19,164,917$15,715,269$14,800,420$19,336,436
75$21,069,063$16,434,642$15,245,559$20,921,725
76$23,165,836$17,187,668$15,704,013$22,653,429
77$25,474,833$17,975,945$16,176,180$24,545,845
78$28,017,650$18,801,150$16,662,465$26,614,705
79$30,818,082$19,665,038$17,163,290$28,877,313
80$33,902,351$20,569,449$17,679,084$31,352,710
81$37,299,351$21,516,313$18,210,294$34,061,846
82$41,040,922$22,507,650$18,757,377$37,027,776
83$45,162,151$23,545,579$19,320,803$40,275,873
84$49,701,699$24,632,321$19,901,059$43,834,059
85$54,702,171$25,770,203$20,498,642$47,733,070
86$60,210,514$26,961,665$21,114,069$52,006,734
87$66,278,462$28,209,263$21,747,866$56,692,293
88$72,963,026$29,515,677$22,400,580$61,830,740
89$80,327,026$30,883,717$23,072,771$67,467,206
90$88,439,690$32,316,326$23,765,016$73,651,380
91$97,377,304$33,816,592$24,477,910$80,437,967
92$107,223,932$35,387,748$25,212,063$87,887,202
93$118,072,213$37,033,187$25,968,107$96,065,412
94$130,024,228$38,756,463$26,746,688$105,045,628
95$143,192,471$40,561,301$27,548,474$114,908,277
96$157,700,907$42,451,609$28,374,151$125,741,925
97$173,686,141$44,431,480$29,224,427$137,644,106
98$191,298,711$46,505,206$30,100,029$150,722,238
99$210,704,506$48,677,287$31,001,707$165,094,624
100$232,086,332$50,952,440$31,930,230$180,891,560