Can I retire at age 71 with 14,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,147,521
2 years$592,771$581,731$571,031$560,658$550,595$541,795
3 years$391,255$380,167$369,495$359,219$349,320$340,721
4 years$290,517$279,463$268,898$258,797$249,138$240,806
5 years$230,090$219,103$208,676$198,781$189,391$181,350
6 years$189,818$178,914$168,641$158,967$149,859$142,120
7 years$161,064$150,252$140,141$130,695$121,875$114,442
8 years$139,508$128,793$118,851$109,637$101,107$93,980
9 years$122,752$112,138$102,366$93,386$85,147$78,323
10 years$109,354$98,844$89,245$80,500$72,549$66,026
11 years$98,400$87,995$78,570$70,059$62,395$56,166
12 years$89,277$78,980$69,729$61,451$54,070$48,131
13 years$81,565$71,374$62,298$54,252$47,150$41,494
14 years$74,959$64,877$55,975$48,159$41,332$35,952
15 years$69,240$59,267$50,538$42,949$36,392$31,281
16 years$64,240$54,376$45,820$38,457$32,163$27,313
17 years$59,834$50,078$41,695$34,553$28,518$23,921
18 years$55,921$46,275$38,062$31,139$25,357$21,005
19 years$52,424$42,887$34,844$28,137$22,601$18,485
20 years$49,281$39,852$31,978$25,483$20,188$16,299
21 years$46,441$37,121$29,413$23,128$18,066$14,396
22 years$43,862$34,651$27,109$21,028$16,193$12,734
23 years$41,511$32,408$25,030$19,151$14,536$11,278
24 years$39,360$30,365$23,149$17,467$13,065$10,000
25 years$37,383$28,496$21,441$15,952$11,757$8,875
26 years$35,562$26,781$19,885$14,585$10,590$7,884
27 years$33,878$25,204$18,465$13,350$9,548$7,009
28 years$32,317$23,750$17,166$12,232$8,615$6,235
29 years$30,867$22,405$15,974$11,217$7,779$5,550
30 years$29,516$21,160$14,879$10,294$7,029$4,943
31 years$28,254$20,003$13,871$9,454$6,355$4,404
32 years$27,074$18,927$12,942$8,689$5,749$3,926
33 years$25,967$17,924$12,084$7,990$5,202$3,501
34 years$24,928$16,988$11,291$7,352$4,710$3,123
35 years$23,951$16,113$10,556$6,768$4,266$2,786
36 years$23,029$15,293$9,875$6,233$3,865$2,487
37 years$22,160$14,525$9,243$5,743$3,503$2,220
38 years$21,338$13,804$8,656$5,293$3,176$1,982
39 years$20,561$13,126$8,109$4,881$2,880$1,770
40 years$19,824$12,489$7,601$4,502$2,612$1,581
41 years$19,125$11,888$7,127$4,153$2,370$1,413
42 years$18,461$11,322$6,686$3,833$2,151$1,262
43 years$17,829$10,787$6,273$3,538$1,952$1,128
44 years$17,228$10,282$5,889$3,267$1,772$1,008
45 years$16,655$9,805$5,529$3,017$1,608$901
46 years$16,109$9,354$5,193$2,787$1,460$805
47 years$15,588$8,926$4,879$2,575$1,326$720
48 years$15,089$8,521$4,585$2,379$1,204$643
49 years$14,613$8,138$4,310$2,199$1,094$575
50 years$14,157$7,773$4,052$2,032$993$514

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,500,000, adding $4,311 every year, while hoping to spend $22,038 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: 63/15/22 Blend
70$14,500,000$14,500,000$14,500,000$14,500,000
71$15,983,447$15,214,947$14,990,197$16,898,709
72$17,590,310$15,937,031$15,468,920$18,238,961
73$19,360,335$16,693,759$15,962,942$19,699,273
74$21,310,140$17,486,804$16,472,752$21,293,707
75$23,458,040$18,317,923$16,998,854$23,035,366
76$25,824,215$19,188,956$17,541,771$24,938,670
77$28,430,903$20,101,833$18,102,039$27,019,485
78$31,302,611$21,058,579$18,680,213$29,295,269
79$34,466,344$22,061,315$19,276,866$31,785,234
80$37,951,860$23,112,269$19,892,590$34,510,525
81$41,791,951$24,213,772$20,527,994$37,494,415
82$46,022,756$25,368,272$21,183,707$40,762,521
83$50,684,095$26,578,336$21,860,380$44,343,041
84$55,819,852$27,846,654$22,558,682$48,267,016
85$61,478,385$29,176,048$23,279,305$52,568,622
86$67,712,983$30,569,476$24,022,965$57,285,483
87$74,582,369$32,030,043$24,790,396$62,459,024
88$82,151,257$33,561,001$25,582,360$68,134,858
89$90,490,958$35,165,763$26,399,642$74,363,210
90$99,680,057$36,847,907$27,243,052$81,199,384
91$109,805,154$38,611,185$28,113,424$88,704,284
92$120,961,678$40,459,532$29,011,623$96,944,979
93$133,254,795$42,397,074$29,938,538$105,995,331
94$146,800,393$44,428,140$30,895,088$115,936,689
95$161,726,181$46,557,267$31,882,222$126,858,645
96$178,172,892$48,789,213$32,900,916$138,859,874
97$196,295,613$51,128,970$33,952,183$152,049,064
98$216,265,247$53,581,771$35,037,062$166,545,927
99$238,270,129$56,153,105$36,156,631$182,482,323
100$262,517,803$58,848,728$37,311,999$200,003,500