Can I retire at age 71 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,059,582
2 years$547,802$537,599$527,712$518,125$508,826$499,803
3 years$361,573$351,327$341,464$331,968$322,820$314,006
4 years$268,478$258,263$248,499$239,164$230,238$221,701
5 years$212,635$202,481$192,845$183,701$175,023$166,788
6 years$175,418$165,341$155,848$146,907$138,490$130,568
7 years$148,845$138,853$129,510$120,780$112,629$105,023
8 years$128,925$119,023$109,835$101,320$93,437$86,147
9 years$113,439$103,631$94,601$86,302$78,687$71,711
10 years$101,058$91,345$82,475$74,393$67,046$60,379
11 years$90,935$81,319$72,610$64,744$57,661$51,300
12 years$82,505$72,988$64,439$56,789$49,968$43,906
13 years$75,377$65,960$57,572$50,137$43,573$37,803
14 years$69,273$59,956$51,729$44,506$38,196$32,711
15 years$63,987$54,771$46,704$39,691$33,631$28,422
16 years$59,367$50,251$42,344$35,539$29,723$24,784
17 years$55,295$46,279$38,532$31,932$26,354$21,676
18 years$51,679$42,764$35,174$28,777$23,433$19,006
19 years$48,447$39,633$32,200$26,002$20,887$16,702
20 years$45,542$36,829$29,552$23,550$18,656$14,706
21 years$42,918$34,305$27,182$21,373$16,695$12,969
22 years$40,535$32,022$25,053$19,433$14,965$11,455
23 years$38,362$29,950$23,132$17,698$13,433$10,130
24 years$36,374$28,061$21,393$16,142$12,074$8,968
25 years$34,547$26,334$19,814$14,742$10,865$7,947
26 years$32,864$24,750$18,376$13,479$9,787$7,048
27 years$31,308$23,292$17,064$12,338$8,824$6,256
28 years$29,866$21,948$15,863$11,304$7,962$5,556
29 years$28,525$20,706$14,762$10,366$7,189$4,938
30 years$27,277$19,554$13,750$9,513$6,496$4,391
31 years$26,111$18,485$12,819$8,737$5,873$3,906
32 years$25,020$17,491$11,960$8,030$5,312$3,476
33 years$23,997$16,564$11,168$7,384$4,808$3,094
34 years$23,037$15,699$10,434$6,794$4,353$2,756
35 years$22,134$14,890$9,755$6,254$3,943$2,455
36 years$21,282$14,133$9,126$5,760$3,572$2,187
37 years$20,479$13,423$8,542$5,307$3,238$1,949
38 years$19,720$12,757$7,999$4,892$2,935$1,738
39 years$19,001$12,130$7,494$4,510$2,662$1,549
40 years$18,320$11,541$7,024$4,160$2,414$1,381
41 years$17,674$10,986$6,586$3,838$2,190$1,232
42 years$17,060$10,463$6,178$3,542$1,987$1,099
43 years$16,477$9,969$5,798$3,270$1,804$980
44 years$15,921$9,502$5,442$3,019$1,637$874
45 years$15,392$9,061$5,110$2,788$1,486$780
46 years$14,887$8,644$4,799$2,576$1,350$696
47 years$14,405$8,249$4,509$2,380$1,225$621
48 years$13,945$7,875$4,237$2,199$1,113$554
49 years$13,504$7,520$3,983$2,032$1,011$495
50 years$13,083$7,184$3,744$1,878$918$441

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,400,000, adding $4,997 every year, while hoping to spend $53,518 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: 57/38/5 Blend
70$13,400,000$13,400,000$13,400,000$13,400,000
71$14,771,954$14,061,754$13,854,054$15,599,656
72$16,221,751$14,693,838$14,261,222$16,788,203
73$17,817,633$15,355,099$14,680,237$18,076,026
74$19,574,445$16,046,912$15,111,438$19,477,748
75$21,508,543$16,770,716$15,555,176$21,004,235
76$23,637,951$17,528,017$16,011,811$22,667,428
77$25,982,528$18,320,396$16,481,712$24,480,449
78$28,564,157$19,149,507$16,965,261$26,457,725
79$31,406,951$20,017,083$17,462,848$28,615,114
80$34,537,482$20,924,942$17,974,875$30,970,050
81$37,985,029$21,874,987$18,501,757$33,541,706
82$41,781,854$22,869,214$19,043,917$36,351,164
83$45,963,509$23,909,711$19,601,795$39,421,612
84$50,569,170$24,998,670$20,175,838$42,778,554
85$55,642,006$26,138,385$20,766,509$46,450,046
86$61,229,586$27,331,262$21,374,283$50,466,951
87$67,384,331$28,579,822$21,999,649$54,863,226
88$74,164,004$29,886,704$22,643,108$59,676,234
89$81,632,258$31,254,677$23,305,177$64,947,088
90$89,859,234$32,686,642$23,986,387$70,721,030
91$98,922,227$34,185,639$24,687,282$77,047,854
92$108,906,412$35,754,853$25,408,424$83,982,358
93$119,905,648$37,397,623$26,150,388$91,584,862
94$132,023,367$39,117,449$26,913,768$99,921,760
95$145,373,543$40,917,998$27,699,173$109,066,139
96$160,081,778$42,803,112$28,507,228$119,098,457
97$176,286,476$44,776,822$29,338,578$130,107,293
98$194,140,159$46,843,349$30,193,882$142,190,167
99$213,810,900$49,007,118$31,073,822$155,454,454
100$235,483,913$51,272,767$31,979,096$170,018,379