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%13.4%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,092,744
2 years$568,242$557,659$547,403$537,458$527,812$512,064
3 years$375,065$364,436$354,206$344,355$334,866$319,520
4 years$278,495$267,899$257,771$248,088$238,829$224,004
5 years$220,569$210,036$200,041$190,555$181,554$167,293
6 years$181,964$171,510$161,663$152,389$143,658$129,977
7 years$154,399$144,034$134,343$125,287$116,832$103,737
8 years$133,736$123,464$113,933$105,100$96,923$84,413
9 years$117,672$107,498$98,131$89,522$81,624$69,691
10 years$104,829$94,754$85,552$77,169$69,547$58,183
11 years$94,328$84,354$75,319$67,160$59,813$49,007
12 years$85,583$75,711$66,844$58,908$51,833$41,572
13 years$78,190$68,421$59,720$52,007$45,199$35,470
14 years$71,858$62,193$53,659$46,166$39,621$30,408
15 years$66,375$56,814$48,447$41,172$34,886$26,173
16 years$61,582$52,126$43,924$36,865$30,832$22,602
17 years$57,358$48,006$39,969$33,123$27,338$19,575
18 years$53,607$44,360$36,487$29,851$24,308$16,993
19 years$50,255$41,112$33,402$26,973$21,666$14,782
20 years$47,242$38,203$30,655$24,429$19,352$12,882
21 years$44,519$35,585$28,196$22,171$17,318$11,243
22 years$42,047$33,217$25,987$20,158$15,523$9,825
23 years$39,794$31,067$23,995$18,359$13,935$8,596
24 years$37,731$29,108$22,191$16,744$12,525$7,528
25 years$35,836$27,317$20,553$15,292$11,270$6,598
26 years$34,090$25,673$19,062$13,982$10,152$5,788
27 years$32,476$24,161$17,701$12,798$9,153$5,080
28 years$30,980$22,767$16,455$11,726$8,259$4,462
29 years$29,590$21,478$15,313$10,753$7,457$3,920
30 years$28,294$20,284$14,264$9,868$6,738$3,446
31 years$27,085$19,175$13,297$9,063$6,092$3,031
32 years$25,954$18,144$12,407$8,329$5,511$2,666
33 years$24,893$17,182$11,584$7,660$4,987$2,346
34 years$23,897$16,285$10,824$7,047$4,515$2,065
35 years$22,960$15,446$10,119$6,488$4,090$1,818
36 years$22,076$14,660$9,466$5,975$3,705$1,601
37 years$21,243$13,924$8,860$5,505$3,358$1,410
38 years$20,455$13,233$8,297$5,074$3,045$1,242
39 years$19,710$12,583$7,774$4,679$2,761$1,094
40 years$19,003$11,972$7,286$4,315$2,504$964
41 years$18,333$11,396$6,832$3,981$2,272$849
42 years$17,697$10,853$6,409$3,674$2,062$748
43 years$17,091$10,341$6,014$3,392$1,871$659
44 years$16,515$9,857$5,645$3,132$1,698$581
45 years$15,966$9,400$5,301$2,892$1,542$512
46 years$15,442$8,967$4,978$2,672$1,400$452
47 years$14,943$8,557$4,677$2,468$1,271$398
48 years$14,465$8,169$4,395$2,281$1,154$351
49 years$14,008$7,801$4,131$2,108$1,048$309
50 years$13,571$7,452$3,884$1,948$952$273

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 $6,744 every year, while hoping to spend $47,216 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: 53/28/19 Blend
70$13,900,000$13,900,000$13,900,000$13,900,000
71$15,324,756$14,588,056$14,372,606$16,057,142
72$16,837,644$15,252,634$14,803,851$17,224,881
73$18,503,264$15,948,193$15,247,960$18,489,327
74$20,337,145$16,676,202$15,705,315$19,864,184
75$22,356,397$17,438,200$16,176,307$21,359,974
76$24,579,877$18,235,799$16,661,340$22,988,263
77$27,028,360$19,070,689$17,160,831$24,761,763
78$29,724,741$19,944,640$17,675,207$26,694,450
79$32,694,246$20,859,509$18,204,908$28,801,691
80$35,964,674$21,817,241$18,750,387$31,100,381
81$39,566,659$22,819,873$19,312,113$33,609,103
82$43,533,953$23,869,542$19,890,564$36,348,292
83$47,903,754$24,968,487$20,486,235$39,340,429
84$52,717,048$26,119,055$21,099,636$42,610,242
85$58,019,003$27,323,704$21,731,289$46,184,936
86$63,859,388$28,585,013$22,381,735$50,094,444
87$70,293,050$29,905,683$23,051,527$54,371,701
88$77,380,426$31,288,546$23,741,238$59,052,950
89$85,188,115$32,736,570$24,451,455$64,178,076
90$93,789,507$34,252,866$25,182,783$69,790,978
91$103,265,475$35,840,695$25,935,844$75,939,969
92$113,705,139$37,503,475$26,711,281$82,678,231
93$125,206,707$39,244,788$27,509,752$90,064,305
94$137,878,399$41,068,391$28,331,937$98,162,636
95$151,839,473$42,978,220$29,178,534$107,044,170
96$167,221,348$44,978,400$30,050,263$116,787,017
97$184,168,842$47,073,259$30,947,864$127,477,176
98$202,841,544$49,267,329$31,872,098$139,209,339
99$223,415,318$51,565,364$32,823,749$152,087,770
100$246,083,960$53,972,347$33,803,625$166,227,281