Can I retire at age 71 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,052,623
2 years$551,890$541,611$531,650$521,992$512,623$488,683
3 years$364,272$353,949$344,013$334,445$325,229$301,982
4 years$270,481$260,190$250,353$240,949$231,956$209,581
5 years$214,222$203,992$194,284$185,072$176,329$154,889
6 years$176,727$166,575$157,011$148,003$139,524$119,040
7 years$149,956$139,889$130,477$121,682$113,470$93,948
8 years$129,887$119,911$110,654$102,076$94,134$75,566
9 years$114,286$104,404$95,307$86,946$79,275$61,647
10 years$101,812$92,027$83,091$74,948$67,546$50,840
11 years$91,613$81,926$73,152$65,227$58,092$42,286
12 years$83,120$73,533$64,920$57,213$50,341$35,410
13 years$75,940$66,452$58,002$50,511$43,898$29,816
14 years$69,790$60,403$52,115$44,838$38,481$25,218
15 years$64,465$55,179$47,053$39,987$33,882$21,408
16 years$59,810$50,626$42,660$35,804$29,945$18,230
17 years$55,707$46,625$38,819$32,170$26,551$15,564
18 years$52,064$43,083$35,437$28,992$23,608$13,316
19 years$48,809$39,929$32,441$26,196$21,042$11,414
20 years$45,882$37,104$29,772$23,726$18,795$9,799
21 years$43,238$34,561$27,385$21,533$16,820$8,423
22 years$40,837$32,261$25,239$19,578$15,077$7,249
23 years$38,649$30,173$23,304$17,830$13,534$6,244
24 years$36,645$28,271$21,552$16,262$12,164$5,383
25 years$34,805$26,531$19,962$14,852$10,946$4,644
26 years$33,109$24,934$18,514$13,580$9,860$4,009
27 years$31,542$23,466$17,192$12,430$8,889$3,463
28 years$30,089$22,112$15,982$11,388$8,021$2,992
29 years$28,738$20,860$14,872$10,443$7,243$2,586
30 years$27,480$19,700$13,853$9,584$6,544$2,237
31 years$26,306$18,623$12,915$8,802$5,917$1,934
32 years$25,207$17,621$12,050$8,090$5,352$1,674
33 years$24,177$16,688$11,251$7,439$4,844$1,448
34 years$23,209$15,816$10,512$6,845$4,385$1,254
35 years$22,299$15,001$9,828$6,301$3,972$1,085
36 years$21,441$14,239$9,194$5,803$3,599$939
37 years$20,632$13,523$8,605$5,347$3,262$813
38 years$19,867$12,852$8,059$4,928$2,957$704
39 years$19,143$12,221$7,550$4,544$2,682$610
40 years$18,457$11,627$7,077$4,191$2,432$528
41 years$17,806$11,068$6,636$3,867$2,207$458
42 years$17,187$10,541$6,224$3,569$2,002$396
43 years$16,600$10,043$5,841$3,294$1,817$343
44 years$16,040$9,573$5,483$3,042$1,649$298
45 years$15,507$9,129$5,148$2,809$1,497$258
46 years$14,998$8,709$4,835$2,595$1,360$223
47 years$14,513$8,311$4,543$2,397$1,235$193
48 years$14,049$7,934$4,269$2,215$1,121$168
49 years$13,605$7,576$4,012$2,047$1,018$145
50 years$13,181$7,237$3,772$1,892$925$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,500,000, adding $3,785 every year, while hoping to spend $42,672 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: 46/33/21 Blend
70$13,500,000$13,500,000$13,500,000$13,500,000
71$14,880,904$14,165,404$13,956,154$15,475,766
72$16,353,354$14,814,106$14,378,283$16,541,816
73$17,974,563$15,493,165$14,813,122$17,693,184
74$19,759,660$16,204,022$15,261,054$18,941,484
75$21,725,316$16,948,189$15,722,469$20,295,772
76$23,889,899$17,727,251$16,197,773$21,765,998
77$26,273,650$18,542,868$16,687,379$23,363,086
78$28,898,873$19,396,779$17,191,718$25,099,040
79$31,790,147$20,290,810$17,711,229$26,987,044
80$34,974,554$21,226,872$18,246,367$29,041,588
81$38,481,937$22,206,967$18,797,599$31,278,596
82$42,345,183$23,233,197$19,365,407$33,715,569
83$46,600,530$24,307,761$19,950,286$36,371,747
84$51,287,910$25,432,968$20,552,747$39,268,283
85$56,451,328$26,611,235$21,173,315$42,428,434
86$62,139,274$27,845,096$21,812,532$45,877,776
87$68,405,184$29,137,209$22,470,955$49,644,437
88$75,307,938$30,490,358$23,149,158$53,759,354
89$82,912,424$31,907,462$23,847,731$58,256,559
90$91,290,145$33,391,581$24,567,284$63,173,489
91$100,519,894$34,945,923$25,308,442$68,551,332
92$110,688,499$36,573,849$26,071,851$74,435,408
93$121,891,643$38,278,884$26,858,174$80,875,583
94$134,234,764$40,064,723$27,668,097$87,926,736
95$147,834,053$41,935,238$28,502,322$95,649,259
96$162,817,552$43,894,490$29,361,575$104,109,621
97$179,326,357$45,946,735$30,246,602$113,380,983
98$197,515,955$48,096,434$31,158,173$123,543,875
99$217,557,688$50,348,265$32,097,077$134,686,947
100$239,640,374$52,707,132$33,064,131$146,907,788