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

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,140,252
2 years$596,859$585,743$574,970$564,524$554,393$530,350
3 years$393,953$382,789$372,043$361,696$351,729$328,366
4 years$292,520$281,391$270,752$260,582$250,856$228,353
5 years$231,677$220,614$210,115$200,152$190,697$169,117
6 years$191,127$180,148$169,804$160,063$150,892$130,259
7 years$162,175$151,288$141,108$131,597$122,716$103,034
8 years$140,471$129,682$119,671$110,393$101,804$83,067
9 years$123,598$112,911$103,072$94,030$85,734$67,929
10 years$110,108$99,526$89,861$81,055$73,050$56,160
11 years$99,078$88,602$79,112$70,542$62,825$46,829
12 years$89,893$79,524$70,210$61,875$54,443$39,317
13 years$82,127$71,867$62,728$54,626$47,475$33,193
14 years$75,476$65,325$56,361$48,491$41,617$28,151
15 years$69,718$59,675$50,887$43,246$36,643$23,965
16 years$64,684$54,751$46,136$38,722$32,385$20,465
17 years$60,246$50,424$41,982$34,791$28,715$17,522
18 years$56,307$46,594$38,324$31,354$25,532$15,036
19 years$52,786$43,183$35,084$28,331$22,757$12,926
20 years$49,621$40,127$32,198$25,659$20,327$11,131
21 years$46,761$37,377$29,616$23,287$18,190$9,597
22 years$44,165$34,890$27,296$21,173$16,305$8,285
23 years$41,798$32,632$25,203$19,283$14,636$7,159
24 years$39,631$30,574$23,309$17,587$13,155$6,191
25 years$37,641$28,692$21,588$16,062$11,838$5,359
26 years$35,807$26,966$20,022$14,686$10,663$4,641
27 years$34,112$25,378$18,592$13,442$9,614$4,021
28 years$32,540$23,914$17,284$12,316$8,675$3,486
29 years$31,080$22,560$16,084$11,294$7,833$3,023
30 years$29,719$21,305$14,982$10,365$7,078$2,623
31 years$28,449$20,141$13,967$9,520$6,399$2,276
32 years$27,261$19,057$13,032$8,749$5,788$1,976
33 years$26,146$18,047$12,168$8,045$5,238$1,716
34 years$25,100$17,105$11,369$7,402$4,743$1,490
35 years$24,116$16,224$10,629$6,814$4,296$1,294
36 years$23,188$15,399$9,943$6,276$3,892$1,124
37 years$22,313$14,625$9,307$5,782$3,528$977
38 years$21,485$13,899$8,715$5,330$3,198$849
39 years$20,702$13,217$8,165$4,914$2,900$737
40 years$19,961$12,575$7,653$4,533$2,630$641
41 years$19,257$11,970$7,176$4,182$2,386$557
42 years$18,588$11,400$6,732$3,859$2,165$484
43 years$17,952$10,862$6,317$3,563$1,965$421
44 years$17,347$10,353$5,929$3,290$1,784$366
45 years$16,770$9,873$5,567$3,038$1,619$318
46 years$16,220$9,418$5,229$2,806$1,470$276
47 years$15,695$8,988$4,913$2,593$1,335$240
48 years$15,193$8,580$4,617$2,396$1,213$209
49 years$14,714$8,194$4,339$2,214$1,101$182
50 years$14,255$7,827$4,080$2,046$1,000$158

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 $6,996 every year, while hoping to spend $57,616 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: 71/6/23 Blend
70$14,600,000$14,600,000$14,600,000$14,600,000
71$16,096,416$15,322,616$15,096,316$17,146,434
72$17,676,948$16,012,122$15,540,740$18,537,804
73$19,416,763$16,733,482$15,998,121$20,053,354
74$21,332,046$17,488,196$16,468,832$21,711,469
75$23,440,635$18,277,837$16,953,257$23,526,291
76$25,762,180$19,104,052$17,451,792$25,513,396
77$28,318,336$19,968,564$17,964,841$27,689,933
78$31,132,965$20,873,183$18,492,822$30,074,783
79$34,232,361$21,819,802$19,036,165$32,688,740
80$37,645,495$22,810,406$19,595,310$35,554,705
81$41,404,295$23,847,075$20,170,712$38,697,894
82$45,543,939$24,931,988$20,762,837$42,146,082
83$50,103,194$26,067,428$21,372,165$45,929,858
84$55,124,777$27,255,789$21,999,189$50,082,913
85$60,655,759$28,499,578$22,644,417$54,642,355
86$66,748,012$29,801,423$23,308,371$59,649,058
87$73,458,693$31,164,077$23,991,585$65,148,046
88$80,850,790$32,590,426$24,694,613$71,188,913
89$88,993,708$34,083,494$25,418,020$77,826,290
90$97,963,932$35,646,451$26,162,389$85,120,357
91$107,845,744$37,282,618$26,928,320$93,137,411
92$118,732,020$38,995,477$27,716,429$101,950,485
93$130,725,105$40,788,675$28,527,349$111,640,037
94$143,937,782$42,666,035$29,361,731$122,294,704
95$158,494,331$44,631,566$30,220,244$134,012,140
96$174,531,707$46,689,468$31,103,577$146,899,928
97$192,200,831$48,844,141$32,012,436$161,076,597
98$211,668,012$51,100,200$32,947,549$176,672,735
99$233,116,520$53,462,482$33,909,664$193,832,217
100$256,748,316$55,936,053$34,899,548$212,713,564