Can I retire at age 71 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,165,789
2 years$600,947$589,755$578,908$568,391$558,190$551,722
3 years$396,652$385,411$374,592$364,174$354,139$347,813
4 years$294,524$283,318$272,607$262,367$252,575$246,440
5 years$233,263$222,125$211,554$201,523$192,003$186,078
6 years$192,436$181,382$170,967$161,159$151,926$146,217
7 years$163,286$152,324$142,074$132,498$123,556$118,067
8 years$141,433$130,570$120,490$111,149$102,502$97,232
9 years$124,445$113,684$103,778$94,674$86,321$81,270
10 years$110,862$100,207$90,476$81,610$73,550$68,715
11 years$99,757$89,209$79,654$71,025$63,256$58,634
12 years$90,509$80,069$70,691$62,299$54,816$50,403
13 years$82,690$72,359$63,158$55,001$47,801$43,592
14 years$75,993$65,772$56,747$48,823$41,902$37,893
15 years$70,195$60,084$51,235$43,542$36,894$33,080
16 years$65,127$55,126$46,452$38,987$32,607$28,983
17 years$60,659$50,769$42,270$35,029$28,911$25,471
18 years$56,692$46,913$38,587$31,569$25,707$22,445
19 years$53,147$43,478$35,324$28,525$22,913$19,823
20 years$49,961$40,402$32,419$25,835$20,466$17,542
21 years$47,081$37,633$29,819$23,447$18,315$15,551
22 years$44,467$35,129$27,483$21,318$16,417$13,807
23 years$42,084$32,856$25,376$19,415$14,737$12,274
24 years$39,903$30,784$23,468$17,708$13,246$10,925
25 years$37,899$28,889$21,736$16,172$11,919$9,734
26 years$36,052$27,151$20,159$14,787$10,736$8,680
27 years$34,345$25,552$18,720$13,535$9,680$7,747
28 years$32,763$24,078$17,402$12,401$8,734$6,919
29 years$31,293$22,714$16,194$11,372$7,887$6,184
30 years$29,923$21,451$15,084$10,436$7,126$5,530
31 years$28,644$20,279$14,063$9,585$6,443$4,947
32 years$27,447$19,188$13,121$8,809$5,828$4,428
33 years$26,326$18,171$12,251$8,100$5,274$3,965
34 years$25,272$17,222$11,447$7,453$4,775$3,552
35 years$24,281$16,335$10,702$6,861$4,325$3,182
36 years$23,347$15,504$10,011$6,319$3,919$2,852
37 years$22,466$14,725$9,370$5,822$3,552$2,557
38 years$21,633$13,994$8,775$5,366$3,220$2,293
39 years$20,844$13,307$8,221$4,948$2,920$2,056
40 years$20,097$12,661$7,706$4,564$2,648$1,845
41 years$19,388$12,052$7,225$4,211$2,403$1,655
42 years$18,715$11,478$6,778$3,886$2,180$1,485
43 years$18,075$10,936$6,360$3,587$1,979$1,333
44 years$17,466$10,424$5,970$3,312$1,796$1,196
45 years$16,885$9,941$5,606$3,059$1,631$1,074
46 years$16,331$9,483$5,265$2,825$1,480$964
47 years$15,803$9,050$4,946$2,610$1,344$866
48 years$15,298$8,639$4,648$2,412$1,221$777
49 years$14,815$8,250$4,369$2,229$1,109$698
50 years$14,352$7,881$4,107$2,060$1,007$627

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,700,000, adding $2,947 every year, while hoping to spend $32,967 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: 42/45/13 Blend
70$14,700,000$14,700,000$14,700,000$14,700,000
71$16,202,440$15,423,340$15,195,490$16,821,104
72$17,820,012$16,144,007$15,669,462$17,976,292
73$19,601,472$16,898,882$16,158,208$19,222,904
74$21,563,501$17,689,606$16,662,186$20,572,061
75$23,724,481$18,517,899$17,181,873$22,033,149
76$26,104,668$19,385,567$17,717,756$23,616,460
77$28,726,384$20,294,499$18,270,340$25,333,286
78$31,614,225$21,246,679$18,840,146$27,196,016
79$34,795,294$22,244,185$19,427,709$29,218,249
80$38,299,460$23,289,196$20,033,583$31,414,912
81$42,159,634$24,383,996$20,658,338$33,802,392
82$46,412,086$25,530,980$21,302,561$36,398,687
83$51,096,781$26,732,661$21,966,859$39,223,560
84$56,257,760$27,991,669$22,651,857$42,298,723
85$61,943,557$29,310,766$23,358,199$45,648,029
86$68,207,651$30,692,845$24,086,550$49,297,685
87$75,108,977$32,140,940$24,837,595$53,276,493
88$82,712,479$33,658,232$25,612,041$57,616,108
89$91,089,724$35,248,057$26,410,616$62,351,327
90$100,319,575$36,913,912$27,234,071$67,520,402
91$110,488,940$38,659,462$28,083,181$73,165,394
92$121,693,589$40,488,552$28,958,744$79,332,550
93$134,039,057$42,405,213$29,861,585$86,072,730
94$147,641,644$44,413,672$30,792,551$93,441,871
95$162,629,508$46,518,359$31,752,518$101,501,499
96$179,143,880$48,723,920$32,742,389$110,319,297
97$197,340,392$51,035,229$33,763,096$119,969,722
98$217,390,549$53,457,392$34,815,596$130,534,693
99$239,483,348$55,995,766$35,900,881$142,104,348
100$263,827,059$58,655,969$37,019,970$154,777,872