Can I retire at age 71 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,062,587
2 years$555,978$545,623$535,588$525,858$516,421$494,456
3 years$366,970$356,571$346,561$336,922$327,638$306,291
4 years$272,485$262,117$252,208$242,734$233,674$213,109
5 years$215,808$205,503$195,723$186,443$177,636$157,911
6 years$178,036$167,809$158,174$149,100$140,557$121,693
7 years$151,067$140,926$131,443$122,583$114,310$96,313
8 years$130,849$120,799$111,474$102,832$94,832$77,694
9 years$115,133$105,177$96,013$87,590$79,862$63,573
10 years$102,567$92,709$83,706$75,503$68,046$52,591
11 years$92,292$82,533$73,693$65,711$58,522$43,881
12 years$83,736$74,077$65,401$57,637$50,714$36,865
13 years$76,502$66,944$58,431$50,885$44,224$31,144
14 years$70,307$60,850$52,501$45,170$38,766$26,431
15 years$64,942$55,588$47,401$40,284$34,133$22,516
16 years$60,253$51,001$42,976$36,070$30,167$19,242
17 years$56,120$46,970$39,107$32,408$26,748$16,487
18 years$52,450$43,402$35,699$29,206$23,783$14,157
19 years$49,170$40,225$32,681$26,390$21,198$12,180
20 years$46,222$37,379$29,993$23,902$18,935$10,496
21 years$43,558$34,817$27,588$21,692$16,944$9,057
22 years$41,140$32,500$25,426$19,723$15,188$7,825
23 years$38,935$30,397$23,477$17,962$13,634$6,767
24 years$36,917$28,480$21,712$16,383$12,254$5,857
25 years$35,063$26,727$20,110$14,962$11,027$5,073
26 years$33,354$25,119$18,651$13,680$9,933$4,397
27 years$31,775$23,640$17,319$12,522$8,955$3,813
28 years$30,311$22,276$16,100$11,473$8,080$3,308
29 years$28,951$21,015$14,983$10,521$7,296$2,871
30 years$27,684$19,846$13,956$9,655$6,593$2,493
31 years$26,500$18,761$13,010$8,868$5,961$2,165
32 years$25,393$17,752$12,139$8,150$5,392$1,881
33 years$24,356$16,811$11,334$7,494$4,880$1,635
34 years$23,381$15,933$10,590$6,895$4,418$1,421
35 years$22,464$15,113$9,901$6,348$4,001$1,235
36 years$21,600$14,344$9,262$5,846$3,625$1,074
37 years$20,785$13,624$8,669$5,386$3,286$934
38 years$20,014$12,947$8,118$4,965$2,979$812
39 years$19,284$12,311$7,606$4,578$2,701$706
40 years$18,593$11,713$7,129$4,222$2,450$614
41 years$17,938$11,150$6,685$3,896$2,223$534
42 years$17,315$10,619$6,271$3,595$2,017$465
43 years$16,723$10,118$5,884$3,319$1,831$404
44 years$16,159$9,644$5,523$3,064$1,662$352
45 years$15,622$9,197$5,186$2,830$1,509$306
46 years$15,109$8,773$4,871$2,614$1,370$266
47 years$14,620$8,372$4,576$2,415$1,244$232
48 years$14,153$7,993$4,300$2,232$1,129$202
49 years$13,706$7,632$4,042$2,062$1,026$176
50 years$13,278$7,291$3,800$1,906$932$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,600,000, adding $6,221 every year, while hoping to spend $42,941 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: 63/23/14 Blend
70$13,600,000$13,600,000$13,600,000$13,600,000
71$14,993,617$14,272,817$14,062,017$15,887,190
72$16,477,277$14,926,496$14,487,406$17,140,678
73$18,110,831$15,610,766$14,925,606$18,503,402
74$19,909,523$16,327,081$15,377,001$19,990,418
75$21,890,151$17,076,964$15,841,986$21,613,815
76$24,071,223$17,862,012$16,320,969$23,386,885
77$26,473,135$18,683,898$16,814,369$25,324,254
78$29,118,361$19,544,376$17,322,617$27,442,009
79$32,031,667$20,445,283$17,846,158$29,757,853
80$35,240,342$21,388,547$18,385,449$32,291,262
81$38,774,457$22,376,186$18,940,962$35,063,670
82$42,667,150$23,410,317$19,513,182$38,098,663
83$46,954,934$24,493,158$20,102,609$41,422,199
84$51,678,049$25,627,034$20,709,758$45,062,849
85$56,880,833$26,814,381$21,335,157$49,052,062
86$62,612,146$28,057,755$21,979,354$53,424,454
87$68,925,833$29,359,832$22,642,910$58,218,134
88$75,881,223$30,723,420$23,326,403$63,475,055
89$83,543,700$32,151,459$24,030,429$69,241,404
90$91,985,310$33,647,034$24,755,602$75,568,035
91$101,285,450$35,213,377$25,502,553$82,510,939
92$111,531,610$36,853,876$26,271,932$90,131,771
93$122,820,202$38,572,083$27,064,409$98,498,419
94$135,257,470$40,371,723$27,880,674$107,685,642
95$148,960,491$42,256,697$28,721,437$117,775,768
96$164,058,284$44,231,098$29,587,428$128,859,462
97$180,693,022$46,299,215$30,479,400$141,036,572
98$199,021,379$48,465,545$31,398,128$154,417,069
99$219,216,004$50,734,801$32,344,410$169,122,069
100$241,467,157$53,111,926$33,319,067$185,284,973