Can I retire at age 71 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,112,197
2 years$580,506$569,695$559,217$549,058$539,204$518,991
3 years$383,160$372,302$361,850$351,787$342,093$322,427
4 years$284,506$273,681$263,334$253,443$243,984$225,017
5 years$225,329$214,569$204,358$194,668$185,472$167,259
6 years$185,891$175,212$165,152$155,678$146,758$129,319
7 years$157,732$147,143$137,242$127,991$119,354$102,693
8 years$136,622$126,129$116,392$107,369$99,015$83,130
9 years$120,212$109,818$100,248$91,454$83,385$68,266
10 years$107,092$96,799$87,399$78,834$71,048$56,681
11 years$96,364$86,174$76,945$68,610$61,104$47,473
12 years$87,430$77,345$68,286$60,180$52,951$40,039
13 years$79,877$69,898$61,009$53,130$46,175$33,960
14 years$73,408$63,535$54,817$47,163$40,476$28,938
15 years$67,807$58,040$49,493$42,061$35,639$24,754
16 years$62,911$53,251$44,872$37,661$31,498$21,244
17 years$58,596$49,042$40,832$33,838$27,928$18,280
18 years$54,764$45,317$37,274$30,495$24,832$15,767
19 years$51,339$41,999$34,123$27,555$22,133$13,625
20 years$48,261$39,028$31,316$24,956$19,770$11,794
21 years$45,480$36,353$28,805$22,649$17,692$10,224
22 years$42,955$33,934$26,548$20,593$15,858$8,873
23 years$40,653$31,738$24,513$18,755$14,235$7,709
24 years$38,545$29,736$22,670$17,105$12,795$6,704
25 years$36,610$27,906$20,997$15,622$11,514$5,835
26 years$34,826$26,227$19,474$14,284$10,371$5,081
27 years$33,177$24,683$18,083$13,074$9,350$4,428
28 years$31,649$23,259$16,810$11,979$8,437$3,860
29 years$30,228$21,942$15,644$10,985$7,618$3,367
30 years$28,905$20,722$14,571$10,081$6,884$2,938
31 years$27,670$19,589$13,584$9,259$6,224$2,565
32 years$26,514$18,535$12,675$8,509$5,630$2,239
33 years$25,430$17,553$11,834$7,825$5,095$1,956
34 years$24,412$16,636$11,057$7,200$4,613$1,708
35 years$23,455$15,779$10,338$6,628$4,178$1,493
36 years$22,553$14,977$9,671$6,104$3,785$1,304
37 years$21,701$14,225$9,052$5,624$3,431$1,140
38 years$20,897$13,518$8,476$5,184$3,110$996
39 years$20,135$12,855$7,942$4,780$2,821$871
40 years$19,414$12,230$7,444$4,408$2,558$762
41 years$18,729$11,642$6,980$4,067$2,321$666
42 years$18,079$11,087$6,547$3,754$2,106$582
43 years$17,460$10,564$6,144$3,465$1,911$509
44 years$16,872$10,070$5,767$3,199$1,735$445
45 years$16,311$9,602$5,415$2,955$1,575$389
46 years$15,776$9,160$5,086$2,729$1,430$341
47 years$15,265$8,742$4,778$2,522$1,299$298
48 years$14,777$8,345$4,490$2,330$1,179$261
49 years$14,311$7,969$4,220$2,153$1,071$228
50 years$13,864$7,612$3,968$1,990$973$199

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,200,000, adding $3,323 every year, while hoping to spend $35,530 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: 62/16/22 Blend
70$14,200,000$14,200,000$14,200,000$14,200,000
71$15,651,828$14,899,228$14,679,128$16,531,965
72$17,210,510$15,591,486$15,133,075$17,819,557
73$18,926,988$16,316,475$15,601,038$19,220,500
74$20,817,318$17,075,759$16,083,450$20,749,269
75$22,899,195$17,870,981$16,580,756$22,418,333
76$25,192,116$18,703,863$17,093,415$24,241,405
77$27,717,567$19,576,207$17,621,899$26,233,575
78$30,499,223$20,489,906$18,166,698$28,411,449
79$33,563,174$21,446,942$18,728,312$30,793,299
80$36,938,169$22,449,392$19,307,261$33,399,233
81$40,655,886$23,499,437$19,904,079$36,251,384
82$44,751,237$24,599,360$20,519,316$39,374,113
83$49,262,690$25,751,555$21,153,540$42,794,233
84$54,232,636$26,958,533$21,807,335$46,541,263
85$59,707,788$28,222,925$22,481,304$50,647,698
86$65,739,625$29,547,490$23,176,070$55,149,313
87$72,384,870$30,935,120$23,892,271$60,085,497
88$79,706,034$32,388,848$24,630,570$65,499,618
89$87,772,000$33,911,853$25,391,645$71,439,430
90$96,658,678$35,507,468$26,176,199$77,957,514
91$106,449,716$37,179,186$26,984,954$85,111,774
92$117,237,293$38,930,672$27,818,656$92,965,974
93$129,122,988$40,765,767$28,678,073$101,590,339
94$142,218,741$42,688,497$29,563,996$111,062,203
95$156,647,904$44,703,085$30,477,242$121,466,743
96$172,546,412$46,813,958$31,418,651$132,897,767
97$190,064,061$49,025,757$32,389,090$145,458,599
98$209,365,924$51,343,348$33,389,454$159,263,044
99$230,633,911$53,771,834$34,420,663$174,436,456
100$254,068,480$56,316,565$35,483,666$191,116,909