Can I retire at age 71 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,078,984
2 years$568,242$557,659$547,403$537,458$527,812$498,376
3 years$375,065$364,436$354,206$344,355$334,866$306,336
4 years$278,495$267,899$257,771$248,088$238,829$211,425
5 years$220,569$210,036$200,041$190,555$181,554$155,351
6 years$181,964$171,510$161,663$152,389$143,658$118,681
7 years$154,399$144,034$134,343$125,287$116,832$93,084
8 years$133,736$123,464$113,933$105,100$96,923$74,391
9 years$117,672$107,498$98,131$89,522$81,624$60,287
10 years$104,829$94,754$85,552$77,169$69,547$49,381
11 years$94,328$84,354$75,319$67,160$59,813$40,785
12 years$85,583$75,711$66,844$58,908$51,833$33,908
13 years$78,190$68,421$59,720$52,007$45,199$28,341
14 years$71,858$62,193$53,659$46,166$39,621$23,791
15 years$66,375$56,814$48,447$41,172$34,886$20,042
16 years$61,582$52,126$43,924$36,865$30,832$16,933
17 years$57,358$48,006$39,969$33,123$27,338$14,342
18 years$53,607$44,360$36,487$29,851$24,308$12,172
19 years$50,255$41,112$33,402$26,973$21,666$10,348
20 years$47,242$38,203$30,655$24,429$19,352$8,810
21 years$44,519$35,585$28,196$22,171$17,318$7,509
22 years$42,047$33,217$25,987$20,158$15,523$6,407
23 years$39,794$31,067$23,995$18,359$13,935$5,472
24 years$37,731$29,108$22,191$16,744$12,525$4,677
25 years$35,836$27,317$20,553$15,292$11,270$3,999
26 years$34,090$25,673$19,062$13,982$10,152$3,422
27 years$32,476$24,161$17,701$12,798$9,153$2,929
28 years$30,980$22,767$16,455$11,726$8,259$2,509
29 years$29,590$21,478$15,313$10,753$7,457$2,149
30 years$28,294$20,284$14,264$9,868$6,738$1,842
31 years$27,085$19,175$13,297$9,063$6,092$1,578
32 years$25,954$18,144$12,407$8,329$5,511$1,353
33 years$24,893$17,182$11,584$7,660$4,987$1,160
34 years$23,897$16,285$10,824$7,047$4,515$995
35 years$22,960$15,446$10,119$6,488$4,090$853
36 years$22,076$14,660$9,466$5,975$3,705$732
37 years$21,243$13,924$8,860$5,505$3,358$628
38 years$20,455$13,233$8,297$5,074$3,045$539
39 years$19,710$12,583$7,774$4,679$2,761$462
40 years$19,003$11,972$7,286$4,315$2,504$397
41 years$18,333$11,396$6,832$3,981$2,272$340
42 years$17,697$10,853$6,409$3,674$2,062$292
43 years$17,091$10,341$6,014$3,392$1,871$251
44 years$16,515$9,857$5,645$3,132$1,698$215
45 years$15,966$9,400$5,301$2,892$1,542$185
46 years$15,442$8,967$4,978$2,672$1,400$158
47 years$14,943$8,557$4,677$2,468$1,271$136
48 years$14,465$8,169$4,395$2,281$1,154$117
49 years$14,008$7,801$4,131$2,108$1,048$100
50 years$13,571$7,452$3,884$1,948$952$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,900,000, adding $6,533 every year, while hoping to spend $50,398 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: 57/24/19 Blend
70$13,900,000$13,900,000$13,900,000$13,900,000
71$15,324,539$14,587,839$14,372,389$16,120,310
72$16,834,019$15,249,020$14,800,241$17,323,553
73$18,495,776$15,940,910$15,240,737$18,628,186
74$20,325,291$16,664,960$15,694,247$20,048,851
75$22,339,619$17,422,691$16,161,152$21,596,718
76$24,557,554$18,215,697$16,641,845$23,284,072
77$26,999,807$19,045,648$17,136,729$25,124,421
78$29,689,197$19,914,295$17,646,219$27,132,621
79$32,650,871$20,823,471$18,170,743$29,325,014
80$35,912,536$21,775,097$18,710,739$31,719,574
81$39,504,726$22,771,188$19,266,661$34,336,077
82$43,461,087$23,813,855$19,838,972$37,196,280
83$47,818,693$24,905,310$20,428,153$40,324,121
84$52,618,399$26,047,869$21,034,696$43,745,944
85$57,905,225$27,243,964$21,659,107$47,490,739
86$63,728,778$28,496,139$22,301,908$51,590,410
87$70,143,727$29,807,063$22,963,635$56,080,073
88$77,210,311$31,179,532$23,644,841$60,998,380
89$84,994,912$32,616,479$24,346,092$66,387,878
90$93,570,680$34,120,974$25,067,973$72,295,403
91$103,018,225$35,696,237$25,811,086$78,772,518
92$113,426,374$37,345,643$26,576,048$85,875,992
93$124,893,014$39,072,729$27,363,495$93,668,325
94$137,526,012$40,881,203$28,174,082$102,218,335
95$151,444,233$42,774,950$29,008,482$111,601,798
96$166,778,666$44,758,043$29,867,387$121,902,154
97$183,673,655$46,834,753$30,751,510$133,211,287
98$202,288,265$49,009,553$31,661,583$145,630,382
99$222,797,782$51,287,135$32,598,360$159,270,873
100$245,395,368$53,672,417$33,562,617$174,255,483