Can I retire at age 71 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,101,202
2 years$576,418$565,683$555,279$545,191$535,407$512,187
3 years$380,462$369,680$359,302$349,309$339,684$317,121
4 years$282,503$271,754$261,480$251,658$242,265$220,533
5 years$223,742$213,058$202,919$193,297$184,166$163,325
6 years$184,582$173,978$163,989$154,581$145,725$125,798
7 years$156,621$146,107$136,275$127,090$118,513$99,505
8 years$135,660$125,240$115,572$106,613$98,318$80,223
9 years$119,365$109,044$99,543$90,810$82,798$65,603
10 years$106,337$96,117$86,783$78,279$70,548$54,236
11 years$95,685$85,567$76,403$68,126$60,674$45,225
12 years$86,815$76,801$67,805$59,756$52,579$37,970
13 years$79,315$69,405$60,580$52,756$45,849$32,056
14 years$72,892$63,088$54,431$46,831$40,191$27,187
15 years$67,330$57,632$49,144$41,765$35,388$23,144
16 years$62,468$52,876$44,556$37,396$31,276$19,764
17 years$58,183$48,697$40,544$33,600$27,731$16,922
18 years$54,378$44,998$37,012$30,280$24,657$14,521
19 years$50,978$41,704$33,883$27,361$21,978$12,484
20 years$47,921$38,753$31,096$24,780$19,631$10,749
21 years$45,160$36,097$28,602$22,490$17,567$9,269
22 years$42,652$33,695$26,361$20,448$15,747$8,001
23 years$40,366$31,514$24,340$18,623$14,135$6,914
24 years$38,274$29,527$22,510$16,985$12,705$5,979
25 years$36,352$27,710$20,849$15,512$11,433$5,175
26 years$34,581$26,043$19,336$14,183$10,298$4,482
27 years$32,943$24,509$17,956$12,982$9,285$3,883
28 years$31,426$23,095$16,692$11,894$8,378$3,367
29 years$30,015$21,787$15,533$10,907$7,565$2,920
30 years$28,702$20,576$14,469$10,010$6,835$2,533
31 years$27,475$19,451$13,489$9,194$6,180$2,198
32 years$26,327$18,405$12,585$8,449$5,590$1,908
33 years$25,251$17,429$11,751$7,770$5,059$1,657
34 years$24,241$16,519$10,979$7,149$4,580$1,439
35 years$23,290$15,668$10,265$6,581$4,149$1,250
36 years$22,394$14,871$9,603$6,061$3,759$1,086
37 years$21,549$14,124$8,988$5,584$3,407$943
38 years$20,750$13,423$8,417$5,147$3,089$820
39 years$19,993$12,764$7,886$4,746$2,801$712
40 years$19,277$12,144$7,391$4,377$2,540$619
41 years$18,597$11,560$6,931$4,039$2,305$538
42 years$17,951$11,009$6,501$3,727$2,091$468
43 years$17,337$10,490$6,100$3,441$1,898$406
44 years$16,753$9,999$5,726$3,177$1,723$353
45 years$16,196$9,535$5,377$2,934$1,564$307
46 years$15,665$9,096$5,050$2,710$1,420$267
47 years$15,158$8,680$4,744$2,504$1,289$232
48 years$14,673$8,286$4,458$2,314$1,171$202
49 years$14,210$7,913$4,191$2,138$1,064$175
50 years$13,767$7,559$3,940$1,976$966$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,100,000, adding $6,696 every year, while hoping to spend $45,413 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: 56/20/24 Blend
70$14,100,000$14,100,000$14,100,000$14,100,000
71$15,545,107$14,797,807$14,579,257$16,313,497
72$17,082,389$15,474,580$15,019,343$17,517,471
73$18,774,951$16,182,994$15,472,650$18,823,162
74$20,638,585$16,924,549$15,939,572$20,244,759
75$22,690,690$17,700,822$16,420,518$21,793,432
76$24,950,440$18,513,461$16,915,904$23,481,461
77$27,438,960$19,364,196$17,426,163$25,322,355
78$30,179,533$20,254,840$17,951,737$27,330,971
79$33,197,810$21,187,293$18,493,086$29,523,652
80$36,522,061$22,163,544$19,050,678$31,918,378
81$40,183,435$23,185,681$19,624,999$34,534,930
82$44,216,256$24,255,891$20,216,548$37,395,074
83$48,658,350$25,376,465$20,825,838$40,522,759
84$53,551,397$26,549,807$21,453,399$43,944,344
85$58,941,326$27,778,434$22,099,774$47,688,835
86$64,878,750$29,064,986$22,765,526$51,788,161
87$71,419,442$30,412,230$23,451,230$56,277,462
88$78,624,860$31,823,064$24,157,481$61,195,424
89$86,562,732$33,300,530$24,884,893$66,584,629
90$95,307,687$34,847,813$25,634,093$72,491,961
91$104,941,968$36,468,253$26,405,732$78,969,034
92$115,556,202$38,165,350$27,200,477$86,072,675
93$127,250,257$39,942,775$28,019,016$93,865,457
94$140,134,187$41,804,375$28,862,057$102,416,278
95$154,329,266$43,754,181$29,730,328$111,801,006
96$169,969,137$45,796,422$30,624,580$122,103,189
97$187,201,071$47,935,529$31,545,586$133,414,831
98$206,187,358$50,176,147$32,494,140$145,837,257
99$227,106,837$52,523,146$33,471,062$159,482,057
100$250,156,586$54,981,632$34,477,194$174,472,133