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%15.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,113,640
2 years$584,594$573,707$563,155$552,924$543,001$516,291
3 years$385,858$374,924$364,399$354,264$344,502$318,579
4 years$286,510$275,609$265,189$255,227$245,702$220,765
5 years$226,916$216,081$205,797$196,039$186,779$162,898
6 years$187,200$176,446$166,315$156,774$147,792$124,991
7 years$158,843$148,179$138,208$128,893$120,194$98,477
8 years$137,584$127,017$117,212$108,125$99,713$79,071
9 years$121,058$110,591$100,954$92,098$83,972$64,390
10 years$107,846$97,481$88,014$79,390$71,549$53,004
11 years$97,042$86,781$77,486$69,093$61,534$44,001
12 years$88,046$77,890$68,767$60,604$53,324$36,775
13 years$80,440$70,390$61,439$53,504$46,500$30,902
14 years$73,925$63,982$55,203$47,495$40,761$26,084
15 years$68,285$58,449$49,841$42,357$35,890$22,097
16 years$63,354$53,626$45,188$37,926$31,719$18,776
17 years$59,008$49,388$41,120$34,076$28,125$15,995
18 years$55,150$45,636$37,537$30,710$25,007$13,655
19 years$51,701$42,295$34,363$27,749$22,289$11,679
20 years$48,601$39,303$31,537$25,132$19,909$10,003
21 years$45,800$36,609$29,008$22,809$17,817$8,579
22 years$43,257$34,173$26,735$20,738$15,970$7,366
23 years$40,939$31,961$24,685$18,887$14,336$6,330
24 years$38,817$29,946$22,830$17,226$12,885$5,445
25 years$36,868$28,103$21,145$15,732$11,595$4,686
26 years$35,071$26,412$19,611$14,384$10,444$4,035
27 years$33,411$24,857$18,210$13,166$9,416$3,477
28 years$31,872$23,422$16,929$12,063$8,496$2,997
29 years$30,441$22,096$15,754$11,062$7,672$2,584
30 years$29,109$20,868$14,674$10,152$6,932$2,229
31 years$27,864$19,727$13,680$9,324$6,267$1,923
32 years$26,700$18,666$12,764$8,569$5,669$1,660
33 years$25,609$17,677$11,918$7,880$5,131$1,433
34 years$24,584$16,753$11,135$7,250$4,645$1,237
35 years$23,620$15,890$10,411$6,674$4,207$1,068
36 years$22,712$15,082$9,739$6,147$3,812$922
37 years$21,854$14,325$9,115$5,663$3,455$797
38 years$21,044$13,614$8,536$5,220$3,132$688
39 years$20,277$12,945$7,997$4,813$2,840$594
40 years$19,550$12,316$7,496$4,440$2,576$514
41 years$18,861$11,724$7,029$4,096$2,337$444
42 years$18,206$11,165$6,593$3,780$2,121$383
43 years$17,583$10,638$6,187$3,490$1,925$331
44 years$16,990$10,141$5,808$3,222$1,747$286
45 years$16,426$9,670$5,453$2,976$1,586$247
46 years$15,887$9,225$5,122$2,749$1,440$214
47 years$15,373$8,803$4,812$2,539$1,308$185
48 years$14,881$8,404$4,522$2,346$1,188$160
49 years$14,411$8,025$4,250$2,169$1,079$138
50 years$13,962$7,666$3,996$2,004$980$119

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 $2,407 every year, while hoping to spend $59,427 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: 72/17/11 Blend
70$14,300,000$14,300,000$14,300,000$14,300,000
71$15,761,083$15,003,183$14,781,533$16,861,218
72$17,305,483$15,675,109$15,213,484$18,261,153
73$19,005,421$16,377,968$15,657,914$19,785,988
74$20,876,698$17,113,212$16,115,178$21,454,009
75$22,936,726$17,882,364$16,585,642$23,279,347
76$25,204,691$18,687,019$17,069,679$25,277,549
77$27,701,733$19,528,847$17,567,678$27,465,733
78$30,451,148$20,409,598$18,080,033$29,862,739
79$33,478,604$21,331,107$18,607,153$32,489,308
80$36,812,386$22,295,296$19,149,457$35,368,271
81$40,483,661$23,304,177$19,707,376$38,524,766
82$44,526,773$24,359,861$20,281,351$41,986,470
83$48,979,567$25,464,557$20,871,839$45,783,857
84$53,883,744$26,620,581$21,479,307$49,950,481
85$59,285,257$27,830,361$22,104,235$54,523,289
86$65,234,744$29,096,439$22,747,118$59,542,971
87$71,788,004$30,421,481$23,408,462$65,054,331
88$79,006,525$31,808,278$24,088,790$71,106,716
89$86,958,063$33,259,756$24,788,638$77,754,469
90$95,717,284$34,778,983$25,508,555$85,057,441
91$105,366,465$36,369,170$26,249,110$93,081,552
92$115,996,271$38,033,687$27,010,882$101,899,408
93$127,706,614$39,776,061$27,794,470$111,590,979
94$140,607,593$41,599,992$28,600,488$122,244,351
95$154,820,530$43,509,354$29,429,568$133,956,552
96$170,479,122$45,508,211$30,282,356$146,834,458
97$187,730,698$47,600,819$31,159,521$160,995,802
98$206,737,610$49,791,640$32,061,745$176,570,274
99$227,678,766$52,085,350$32,989,734$193,700,742
100$250,751,318$54,486,850$33,944,208$212,544,590