Can I retire at age 71 with 14,800,000?

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 $14,800,000?

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$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,160,144
2 years$605,035$593,767$582,846$572,257$561,987$541,870
3 years$399,350$388,033$377,140$366,651$356,548$336,969
4 years$296,528$285,245$274,461$264,151$254,293$235,403
5 years$234,850$223,636$212,993$202,894$193,309$175,163
6 years$193,746$182,615$172,130$162,256$152,959$135,577
7 years$164,396$153,360$143,041$133,399$124,397$107,784
8 years$142,395$131,458$121,310$111,905$103,199$87,352
9 years$125,291$114,458$104,484$95,319$86,909$71,818
10 years$111,617$100,889$91,092$82,165$74,050$59,704
11 years$100,435$89,816$80,196$71,509$63,686$50,068
12 years$91,125$80,614$71,172$62,723$55,189$42,281
13 years$83,252$72,851$63,587$55,375$48,126$35,909
14 years$76,510$66,220$57,133$49,155$42,187$30,641
15 years$70,673$60,493$51,584$43,838$37,144$26,247
16 years$65,570$55,501$46,768$39,252$32,828$22,556
17 years$61,072$51,114$42,557$35,268$29,108$19,437
18 years$57,078$47,232$38,849$31,783$25,881$16,789
19 years$53,509$43,774$35,565$28,719$23,069$14,530
20 years$50,301$40,677$32,639$26,011$20,605$12,596
21 years$47,402$37,889$30,022$23,606$18,439$10,935
22 years$44,770$35,368$27,670$21,463$16,528$9,506
23 years$42,370$33,079$25,548$19,547$14,837$8,272
24 years$40,174$30,993$23,628$17,828$13,336$7,204
25 years$38,157$29,085$21,884$16,282$12,000$6,280
26 years$36,298$27,336$20,296$14,887$10,809$5,478
27 years$34,579$25,726$18,847$13,627$9,745$4,781
28 years$32,986$24,241$17,521$12,485$8,793$4,175
29 years$31,506$22,869$16,305$11,449$7,940$3,648
30 years$30,126$21,597$15,187$10,507$7,175$3,188
31 years$28,839$20,417$14,158$9,650$6,486$2,787
32 years$27,634$19,318$13,210$8,869$5,867$2,438
33 years$26,505$18,295$12,334$8,155$5,310$2,133
34 years$25,444$17,339$11,524$7,504$4,808$1,866
35 years$24,446$16,446$10,775$6,908$4,354$1,633
36 years$23,506$15,610$10,079$6,362$3,945$1,430
37 years$22,618$14,826$9,434$5,861$3,576$1,252
38 years$21,780$14,090$8,835$5,403$3,242$1,096
39 years$20,986$13,398$8,277$4,982$2,940$960
40 years$20,234$12,747$7,758$4,595$2,666$840
41 years$19,520$12,134$7,275$4,239$2,419$736
42 years$18,843$11,556$6,824$3,912$2,195$645
43 years$18,198$11,010$6,403$3,612$1,992$565
44 years$17,585$10,495$6,011$3,335$1,808$495
45 years$17,000$10,008$5,644$3,080$1,642$434
46 years$16,442$9,547$5,301$2,845$1,491$380
47 years$15,910$9,111$4,980$2,628$1,353$333
48 years$15,402$8,698$4,680$2,429$1,229$292
49 years$14,915$8,306$4,399$2,244$1,116$256
50 years$14,450$7,934$4,135$2,075$1,014$224

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,800,000, adding $4,479 every year, while hoping to spend $48,749 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: 56/23/21 Blend
70$14,800,000$14,800,000$14,800,000$14,800,000
71$16,314,220$15,529,820$15,300,420$17,135,089
72$17,926,402$16,238,913$15,761,116$18,405,330
73$19,701,393$16,981,117$16,235,611$19,782,889
74$21,655,747$17,758,004$16,724,316$21,282,593
75$23,807,707$18,571,220$17,227,654$22,916,188
76$26,177,374$19,422,490$17,746,061$24,696,590
77$28,786,897$20,313,624$18,279,985$26,638,003
78$31,660,683$21,246,514$18,829,888$28,756,044
79$34,825,628$22,223,148$19,396,244$31,067,895
80$38,311,367$23,245,608$19,979,543$33,592,453
81$42,150,558$24,316,074$20,580,289$36,350,506
82$46,379,186$25,436,832$21,199,000$39,364,927
83$51,036,906$26,610,280$21,836,210$42,660,882
84$56,167,415$27,838,929$22,492,468$46,266,063
85$61,818,866$29,125,411$23,168,340$50,210,942
86$68,044,320$30,472,486$23,864,409$54,529,059
87$74,902,248$31,883,045$24,581,274$59,257,324
88$82,457,083$33,360,119$25,319,552$64,436,365
89$90,779,827$34,906,887$26,079,879$70,110,906
90$99,948,723$36,526,678$26,862,908$76,330,176
91$110,049,991$38,222,984$27,669,314$83,148,371
92$121,178,643$39,999,463$28,499,789$90,625,161
93$133,439,379$41,859,951$29,355,047$98,826,236
94$146,947,577$43,808,470$30,235,822$107,823,930
95$161,830,378$45,849,234$31,142,870$117,697,885
96$178,227,891$47,986,660$32,076,971$128,535,799
97$196,294,511$50,225,382$33,038,924$140,434,244
98$216,200,379$52,570,253$34,029,556$153,499,570
99$238,132,985$55,026,363$35,049,714$167,848,891
100$262,298,943$57,599,048$36,100,272$183,611,191