Can I retire at age 71 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,119,110
2 years$584,594$573,707$563,155$552,924$543,001$521,730
3 years$385,858$374,924$364,399$354,264$344,502$323,814
4 years$286,510$275,609$265,189$255,227$245,702$225,757
5 years$226,916$216,081$205,797$196,039$186,779$167,633
6 years$187,200$176,446$166,315$156,774$147,792$129,468
7 years$158,843$148,179$138,208$128,893$120,194$102,696
8 years$137,584$127,017$117,212$108,125$99,713$83,036
9 years$121,058$110,591$100,954$92,098$83,972$68,107
10 years$107,846$97,481$88,014$79,390$71,549$56,480
11 years$97,042$86,781$77,486$69,093$61,534$47,245
12 years$88,046$77,890$68,767$60,604$53,324$39,795
13 years$80,440$70,390$61,439$53,504$46,500$33,708
14 years$73,925$63,982$55,203$47,495$40,761$28,685
15 years$68,285$58,449$49,841$42,357$35,890$24,504
16 years$63,354$53,626$45,188$37,926$31,719$20,999
17 years$59,008$49,388$41,120$34,076$28,125$18,044
18 years$55,150$45,636$37,537$30,710$25,007$15,540
19 years$51,701$42,295$34,363$27,749$22,289$13,410
20 years$48,601$39,303$31,537$25,132$19,909$11,590
21 years$45,800$36,609$29,008$22,809$17,817$10,032
22 years$43,257$34,173$26,735$20,738$15,970$8,693
23 years$40,939$31,961$24,685$18,887$14,336$7,541
24 years$38,817$29,946$22,830$17,226$12,885$6,548
25 years$36,868$28,103$21,145$15,732$11,595$5,689
26 years$35,071$26,412$19,611$14,384$10,444$4,947
27 years$33,411$24,857$18,210$13,166$9,416$4,304
28 years$31,872$23,422$16,929$12,063$8,496$3,746
29 years$30,441$22,096$15,754$11,062$7,672$3,262
30 years$29,109$20,868$14,674$10,152$6,932$2,842
31 years$27,864$19,727$13,680$9,324$6,267$2,477
32 years$26,700$18,666$12,764$8,569$5,669$2,159
33 years$25,609$17,677$11,918$7,880$5,131$1,882
34 years$24,584$16,753$11,135$7,250$4,645$1,641
35 years$23,620$15,890$10,411$6,674$4,207$1,432
36 years$22,712$15,082$9,739$6,147$3,812$1,249
37 years$21,854$14,325$9,115$5,663$3,455$1,090
38 years$21,044$13,614$8,536$5,220$3,132$951
39 years$20,277$12,945$7,997$4,813$2,840$830
40 years$19,550$12,316$7,496$4,440$2,576$724
41 years$18,861$11,724$7,029$4,096$2,337$632
42 years$18,206$11,165$6,593$3,780$2,121$552
43 years$17,583$10,638$6,187$3,490$1,925$482
44 years$16,990$10,141$5,808$3,222$1,747$421
45 years$16,426$9,670$5,453$2,976$1,586$367
46 years$15,887$9,225$5,122$2,749$1,440$321
47 years$15,373$8,803$4,812$2,539$1,308$280
48 years$14,881$8,404$4,522$2,346$1,188$244
49 years$14,411$8,025$4,250$2,169$1,079$213
50 years$13,962$7,666$3,996$2,004$980$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,300,000, adding $3,328 every year, while hoping to spend $59,179 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: 67/21/12 Blend
70$14,300,000$14,300,000$14,300,000$14,300,000
71$15,762,033$15,004,133$14,782,483$16,776,040
72$17,306,794$15,676,369$15,214,730$18,123,781
73$19,007,138$16,379,562$15,659,474$19,589,440
74$20,878,870$17,115,165$16,117,071$21,190,381
75$22,939,410$17,884,703$16,587,887$22,939,846
76$25,207,947$18,689,771$17,072,299$24,852,403
77$27,705,630$19,532,041$17,570,693$26,944,082
78$30,455,760$20,413,267$18,083,467$29,232,524
79$33,484,014$21,335,284$18,611,030$31,737,143
80$36,818,686$22,300,016$19,153,802$34,479,303
81$40,490,953$23,309,477$19,712,215$37,482,523
82$44,535,168$24,365,780$20,286,713$40,772,688
83$48,989,189$25,471,137$20,877,752$44,378,294
84$53,894,731$26,627,867$21,485,800$48,330,708
85$59,297,759$27,838,399$22,111,341$52,664,465
86$65,248,929$29,105,278$22,754,869$57,417,588
87$71,804,056$30,431,173$23,416,893$62,631,939
88$79,024,647$31,818,878$24,097,937$68,353,613
89$86,978,481$33,271,323$24,798,538$74,633,363
90$95,740,246$34,791,578$25,519,248$81,527,082
91$105,392,244$36,382,858$26,260,637$89,096,315
92$116,025,171$38,048,536$27,023,286$97,408,841
93$127,738,968$39,792,144$27,807,796$106,539,306
94$140,643,768$41,617,385$28,614,782$116,569,915
95$154,860,934$43,528,138$29,444,879$127,591,210
96$170,524,203$45,528,470$30,298,736$139,702,911
97$187,780,950$47,622,644$31,177,022$153,014,853
98$206,793,579$49,815,125$32,080,424$167,648,015
99$227,741,053$52,110,596$33,009,648$183,735,652
100$250,820,588$54,513,962$33,965,418$201,424,546