Can I retire at age 71 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,144,466
2 years$596,859$585,743$574,970$564,524$554,393$534,548
3 years$393,953$382,789$372,043$361,696$351,729$332,415
4 years$292,520$281,391$270,752$260,582$250,856$232,222
5 years$231,677$220,614$210,115$200,152$190,697$172,796
6 years$191,127$180,148$169,804$160,063$150,892$133,745
7 years$162,175$151,288$141,108$131,597$122,716$106,327
8 years$140,471$129,682$119,671$110,393$101,804$86,171
9 years$123,598$112,911$103,072$94,030$85,734$70,847
10 years$110,108$99,526$89,861$81,055$73,050$58,897
11 years$99,078$88,602$79,112$70,542$62,825$49,391
12 years$89,893$79,524$70,210$61,875$54,443$41,710
13 years$82,127$71,867$62,728$54,626$47,475$35,424
14 years$75,476$65,325$56,361$48,491$41,617$30,227
15 years$69,718$59,675$50,887$43,246$36,643$25,892
16 years$64,684$54,751$46,136$38,722$32,385$22,251
17 years$60,246$50,424$41,982$34,791$28,715$19,175
18 years$56,307$46,594$38,324$31,354$25,532$16,562
19 years$52,786$43,183$35,084$28,331$22,757$14,334
20 years$49,621$40,127$32,198$25,659$20,327$12,426
21 years$46,761$37,377$29,616$23,287$18,190$10,788
22 years$44,165$34,890$27,296$21,173$16,305$9,377
23 years$41,798$32,632$25,203$19,283$14,636$8,160
24 years$39,631$30,574$23,309$17,587$13,155$7,107
25 years$37,641$28,692$21,588$16,062$11,838$6,195
26 years$35,807$26,966$20,022$14,686$10,663$5,404
27 years$34,112$25,378$18,592$13,442$9,614$4,717
28 years$32,540$23,914$17,284$12,316$8,675$4,119
29 years$31,080$22,560$16,084$11,294$7,833$3,598
30 years$29,719$21,305$14,982$10,365$7,078$3,145
31 years$28,449$20,141$13,967$9,520$6,399$2,750
32 years$27,261$19,057$13,032$8,749$5,788$2,405
33 years$26,146$18,047$12,168$8,045$5,238$2,104
34 years$25,100$17,105$11,369$7,402$4,743$1,841
35 years$24,116$16,224$10,629$6,814$4,296$1,611
36 years$23,188$15,399$9,943$6,276$3,892$1,410
37 years$22,313$14,625$9,307$5,782$3,528$1,235
38 years$21,485$13,899$8,715$5,330$3,198$1,081
39 years$20,702$13,217$8,165$4,914$2,900$947
40 years$19,961$12,575$7,653$4,533$2,630$829
41 years$19,257$11,970$7,176$4,182$2,386$726
42 years$18,588$11,400$6,732$3,859$2,165$636
43 years$17,952$10,862$6,317$3,563$1,965$557
44 years$17,347$10,353$5,929$3,290$1,784$488
45 years$16,770$9,873$5,567$3,038$1,619$428
46 years$16,220$9,418$5,229$2,806$1,470$375
47 years$15,695$8,988$4,913$2,593$1,335$328
48 years$15,193$8,580$4,617$2,396$1,213$288
49 years$14,714$8,194$4,339$2,214$1,101$252
50 years$14,255$7,827$4,080$2,046$1,000$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,600,000, adding $6,322 every year, while hoping to spend $36,739 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: 29/46/25 Blend
70$14,600,000$14,600,000$14,600,000$14,600,000
71$16,095,721$15,321,921$15,095,621$16,437,247
72$17,698,395$16,033,605$15,562,234$17,416,166
73$19,463,310$16,778,931$16,043,248$18,464,203
74$21,406,976$17,559,507$16,539,105$19,590,213
75$23,547,586$18,377,021$17,050,264$20,800,942
76$25,905,186$19,233,242$17,577,195$22,103,773
77$28,501,868$20,130,024$18,120,384$23,506,784
78$31,361,974$21,069,310$18,680,332$25,018,824
79$34,512,327$22,053,138$19,257,555$26,649,580
80$37,982,487$23,083,644$19,852,585$28,409,667
81$41,805,025$24,163,067$20,465,970$30,310,717
82$46,015,833$25,293,753$21,098,277$32,365,480
83$50,654,465$26,478,164$21,750,086$34,587,932
84$55,764,506$27,718,880$22,421,999$36,993,404
85$61,393,984$29,018,603$23,114,635$39,598,709
86$67,595,827$30,380,171$23,828,631$42,422,295
87$74,428,356$31,806,554$24,564,645$45,484,404
88$81,955,843$33,300,870$25,323,355$48,807,256
89$90,249,110$34,866,384$26,105,459$52,415,240
90$99,386,205$36,506,522$26,911,678$56,335,138
91$109,453,132$38,224,876$27,742,753$60,596,360
92$120,544,666$40,025,209$28,599,449$65,231,208
93$132,765,246$41,911,468$29,482,555$70,275,168
94$146,229,964$43,887,793$30,392,883$75,767,227
95$161,065,647$45,958,522$31,331,271$81,750,227
96$177,412,056$48,128,203$32,298,583$88,271,252
97$195,423,208$50,401,607$33,295,707$95,382,053
98$215,268,823$52,783,733$34,323,561$103,139,520
99$237,135,933$55,279,826$35,383,091$111,606,198
100$261,230,644$57,895,383$36,475,270$120,850,861