Can I retire at age 71 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,064,780
2 years$564,154$553,647$543,464$533,591$524,015$488,431
3 years$372,367$361,815$351,657$341,877$332,457$298,057
4 years$276,492$265,972$255,917$246,303$237,111$204,159
5 years$218,982$208,525$198,602$189,185$180,248$148,833
6 years$180,655$170,277$160,500$151,292$142,624$112,771
7 years$153,289$142,998$133,376$124,386$115,992$87,697
8 years$132,774$122,576$113,113$104,344$96,226$69,471
9 years$116,826$106,724$97,425$88,878$81,036$55,789
10 years$104,075$94,072$84,937$76,614$69,047$45,269
11 years$93,649$83,747$74,777$66,677$59,383$37,029
12 years$84,967$75,167$66,363$58,485$51,460$30,482
13 years$77,627$67,929$59,291$51,633$44,874$25,221
14 years$71,341$61,745$53,273$45,834$39,336$20,953
15 years$65,897$56,405$48,098$40,876$34,635$17,465
16 years$61,139$51,751$43,608$36,600$30,610$14,598
17 years$56,945$47,661$39,682$32,885$27,141$12,229
18 years$53,221$44,041$36,224$29,636$24,133$10,264
19 years$49,893$40,816$33,162$26,779$21,510$8,628
20 years$46,902$37,929$30,434$24,253$19,213$7,262
21 years$44,199$35,329$27,994$22,011$17,194$6,119
22 years$41,745$32,978$25,800$20,013$15,412$5,160
23 years$39,507$30,844$23,822$18,226$13,834$4,355
24 years$37,460$28,899$22,031$16,624$12,435$3,678
25 years$35,579$27,120$20,405$15,182$11,189$3,108
26 years$33,845$25,489$18,925$13,881$10,079$2,627
27 years$32,243$23,988$17,574$12,706$9,087$2,222
28 years$30,757$22,603$16,337$11,641$8,199$1,880
29 years$29,377$21,324$15,203$10,675$7,404$1,591
30 years$28,091$20,138$14,161$9,797$6,690$1,346
31 years$26,890$19,037$13,202$8,998$6,048$1,140
32 years$25,767$18,013$12,318$8,269$5,471$965
33 years$24,714$17,059$11,501$7,604$4,951$817
34 years$23,725$16,168$10,746$6,997$4,483$692
35 years$22,794$15,335$10,047$6,441$4,060$586
36 years$21,918$14,555$9,398$5,932$3,679$496
37 years$21,090$13,824$8,797$5,465$3,334$421
38 years$20,308$13,138$8,238$5,038$3,023$356
39 years$19,568$12,493$7,718$4,645$2,741$302
40 years$18,867$11,886$7,234$4,284$2,486$256
41 years$18,201$11,314$6,783$3,953$2,256$217
42 years$17,569$10,775$6,363$3,648$2,047$184
43 years$16,968$10,266$5,971$3,367$1,858$156
44 years$16,396$9,786$5,604$3,109$1,686$132
45 years$15,851$9,332$5,262$2,872$1,531$112
46 years$15,331$8,902$4,943$2,652$1,390$95
47 years$14,835$8,496$4,643$2,451$1,262$80
48 years$14,361$8,110$4,364$2,264$1,146$68
49 years$13,908$7,745$4,101$2,093$1,041$58
50 years$13,474$7,398$3,856$1,934$945$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,800,000, adding $4,704 every year, while hoping to spend $34,278 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: 40/46/14 Blend
70$13,800,000$13,800,000$13,800,000$13,800,000
71$15,212,452$14,481,052$14,267,152$15,757,320
72$16,727,651$15,154,152$14,708,630$16,816,706
73$18,396,251$15,859,085$15,163,749$17,958,313
74$20,233,863$16,597,375$15,632,929$19,192,553
75$22,257,689$17,370,619$16,116,604$20,527,842
76$24,486,685$18,180,490$16,615,222$21,973,410
77$26,941,737$19,028,745$17,129,243$23,539,376
78$29,645,864$19,917,223$17,659,142$25,236,843
79$32,624,427$20,847,852$18,205,408$27,077,993
80$35,905,377$21,822,655$18,768,547$29,076,195
81$39,519,511$22,843,750$19,349,079$31,246,122
82$43,500,768$23,913,361$19,947,540$33,603,884
83$47,886,546$25,033,816$20,564,483$36,167,172
84$52,718,058$26,207,557$21,200,477$38,955,412
85$58,040,718$27,437,145$21,856,111$41,989,942
86$63,904,569$28,725,263$22,531,989$45,294,206
87$70,364,759$30,074,725$23,228,735$48,893,960
88$77,482,060$31,488,482$23,946,993$52,817,510
89$85,323,438$32,969,626$24,687,425$57,095,962
90$93,962,691$34,521,399$25,450,716$61,763,510
91$103,481,139$36,147,202$26,237,569$66,857,744
92$113,968,398$37,850,598$27,048,710$72,419,989
93$125,523,222$39,635,324$27,884,889$78,495,689
94$138,254,434$41,505,298$28,746,876$85,134,815
95$152,281,956$43,464,628$29,635,466$92,392,327
96$167,737,942$45,517,620$30,551,480$100,328,674
97$184,768,019$47,668,791$31,495,762$109,010,351
98$203,532,670$49,922,875$32,469,183$118,510,508
99$224,208,742$52,284,835$33,472,640$128,909,626
100$246,991,119$54,759,878$34,507,059$140,296,256