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

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,139,913
2 years$592,771$581,731$571,031$560,658$550,595$534,167
3 years$391,255$380,167$369,495$359,219$349,320$333,312
4 years$290,517$279,463$268,898$258,797$249,138$233,673
5 years$230,090$219,103$208,676$198,781$189,391$174,514
6 years$189,818$178,914$168,641$158,967$149,859$135,588
7 years$161,064$150,252$140,141$130,695$121,875$108,215
8 years$139,508$128,793$118,851$109,637$101,107$88,056
9 years$122,752$112,138$102,366$93,386$85,147$72,699
10 years$109,354$98,844$89,245$80,500$72,549$60,695
11 years$98,400$87,995$78,570$70,059$62,395$51,122
12 years$89,277$78,980$69,729$61,451$54,070$43,366
13 years$81,565$71,374$62,298$54,252$47,150$37,001
14 years$74,959$64,877$55,975$48,159$41,332$31,721
15 years$69,240$59,267$50,538$42,949$36,392$27,302
16 years$64,240$54,376$45,820$38,457$32,163$23,578
17 years$59,834$50,078$41,695$34,553$28,518$20,420
18 years$55,921$46,275$38,062$31,139$25,357$17,727
19 years$52,424$42,887$34,844$28,137$22,601$15,420
20 years$49,281$39,852$31,978$25,483$20,188$13,438
21 years$46,441$37,121$29,413$23,128$18,066$11,728
22 years$43,862$34,651$27,109$21,028$16,193$10,249
23 years$41,511$32,408$25,030$19,151$14,536$8,967
24 years$39,360$30,365$23,149$17,467$13,065$7,853
25 years$37,383$28,496$21,441$15,952$11,757$6,883
26 years$35,562$26,781$19,885$14,585$10,590$6,038
27 years$33,878$25,204$18,465$13,350$9,548$5,300
28 years$32,317$23,750$17,166$12,232$8,615$4,654
29 years$30,867$22,405$15,974$11,217$7,779$4,090
30 years$29,516$21,160$14,879$10,294$7,029$3,595
31 years$28,254$20,003$13,871$9,454$6,355$3,161
32 years$27,074$18,927$12,942$8,689$5,749$2,781
33 years$25,967$17,924$12,084$7,990$5,202$2,447
34 years$24,928$16,988$11,291$7,352$4,710$2,154
35 years$23,951$16,113$10,556$6,768$4,266$1,896
36 years$23,029$15,293$9,875$6,233$3,865$1,670
37 years$22,160$14,525$9,243$5,743$3,503$1,470
38 years$21,338$13,804$8,656$5,293$3,176$1,295
39 years$20,561$13,126$8,109$4,881$2,880$1,141
40 years$19,824$12,489$7,601$4,502$2,612$1,005
41 years$19,125$11,888$7,127$4,153$2,370$886
42 years$18,461$11,322$6,686$3,833$2,151$781
43 years$17,829$10,787$6,273$3,538$1,952$688
44 years$17,228$10,282$5,889$3,267$1,772$606
45 years$16,655$9,805$5,529$3,017$1,608$534
46 years$16,109$9,354$5,193$2,787$1,460$471
47 years$15,588$8,926$4,879$2,575$1,326$415
48 years$15,089$8,521$4,585$2,379$1,204$366
49 years$14,613$8,138$4,310$2,199$1,094$323
50 years$14,157$7,773$4,052$2,032$993$285

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 $2,687 every year, while hoping to spend $25,278 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: 69/11/20 Blend
70$14,500,000$14,500,000$14,500,000$14,500,000
71$15,981,772$15,213,272$14,988,522$17,005,578
72$17,585,017$15,931,826$15,463,742$18,408,242
73$19,350,946$16,684,743$15,954,034$19,939,311
74$21,296,125$17,473,679$16,459,877$21,614,052
75$23,438,812$18,300,371$16,981,765$23,446,649
76$25,799,123$19,166,641$17,520,206$25,452,714
77$28,399,226$20,074,399$18,075,726$27,649,431
78$31,263,551$21,025,649$18,648,867$30,055,721
79$34,419,016$22,022,489$19,240,187$32,692,409
80$37,895,287$23,067,121$19,850,264$35,582,425
81$41,725,051$24,161,855$20,479,692$38,751,015
82$45,944,330$25,309,110$21,129,087$42,225,975
83$50,592,822$26,511,426$21,799,080$46,037,913
84$55,714,267$27,771,464$22,490,327$50,220,533
85$61,356,871$29,092,014$23,203,502$54,810,948
86$67,573,753$30,476,003$23,939,300$59,850,033
87$74,423,448$31,926,500$24,698,439$65,382,800
88$81,970,464$33,446,723$25,481,661$71,458,821
89$90,285,883$35,040,044$26,289,729$78,132,695
90$99,448,040$36,710,003$27,123,431$85,464,557
91$109,543,256$38,460,309$27,983,582$93,520,641
92$120,666,657$40,294,854$28,871,021$102,373,901
93$132,923,070$42,217,715$29,786,614$112,104,694
94$146,428,012$44,233,172$30,731,254$122,801,536
95$161,308,781$46,345,710$31,705,864$134,561,931
96$177,705,661$48,560,033$32,711,394$147,493,287
97$195,773,238$50,881,075$33,748,826$161,713,921
98$215,681,869$53,314,008$34,819,172$177,354,174
99$237,619,283$55,864,257$35,923,477$194,557,634
100$261,792,355$58,537,512$37,062,819$213,482,485