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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,165,425
2 years$605,035$593,767$582,846$572,257$561,987$547,148
3 years$399,350$388,033$377,140$366,651$356,548$342,078
4 years$296,528$285,245$274,461$264,151$254,293$240,304
5 years$234,850$223,636$212,993$202,894$193,309$179,842
6 years$193,746$182,615$172,130$162,256$152,959$140,030
7 years$164,396$153,360$143,041$133,399$124,397$112,010
8 years$142,395$131,458$121,310$111,905$103,199$91,354
9 years$125,291$114,458$104,484$95,319$86,909$75,600
10 years$111,617$100,889$91,092$82,165$74,050$63,270
11 years$100,435$89,816$80,196$71,509$63,686$53,425
12 years$91,125$80,614$71,172$62,723$55,189$45,435
13 years$83,252$72,851$63,587$55,375$48,126$38,867
14 years$76,510$66,220$57,133$49,155$42,187$33,410
15 years$70,673$60,493$51,584$43,838$37,144$28,835
16 years$65,570$55,501$46,768$39,252$32,828$24,971
17 years$61,072$51,114$42,557$35,268$29,108$21,687
18 years$57,078$47,232$38,849$31,783$25,881$18,881
19 years$53,509$43,774$35,565$28,719$23,069$16,473
20 years$50,301$40,677$32,639$26,011$20,605$14,397
21 years$47,402$37,889$30,022$23,606$18,439$12,603
22 years$44,770$35,368$27,670$21,463$16,528$11,048
23 years$42,370$33,079$25,548$19,547$14,837$9,695
24 years$40,174$30,993$23,628$17,828$13,336$8,517
25 years$38,157$29,085$21,884$16,282$12,000$7,489
26 years$36,298$27,336$20,296$14,887$10,809$6,590
27 years$34,579$25,726$18,847$13,627$9,745$5,803
28 years$32,986$24,241$17,521$12,485$8,793$5,113
29 years$31,506$22,869$16,305$11,449$7,940$4,507
30 years$30,126$21,597$15,187$10,507$7,175$3,975
31 years$28,839$20,417$14,158$9,650$6,486$3,507
32 years$27,634$19,318$13,210$8,869$5,867$3,095
33 years$26,505$18,295$12,334$8,155$5,310$2,733
34 years$25,444$17,339$11,524$7,504$4,808$2,413
35 years$24,446$16,446$10,775$6,908$4,354$2,132
36 years$23,506$15,610$10,079$6,362$3,945$1,884
37 years$22,618$14,826$9,434$5,861$3,576$1,664
38 years$21,780$14,090$8,835$5,403$3,242$1,471
39 years$20,986$13,398$8,277$4,982$2,940$1,300
40 years$20,234$12,747$7,758$4,595$2,666$1,150
41 years$19,520$12,134$7,275$4,239$2,419$1,017
42 years$18,843$11,556$6,824$3,912$2,195$899
43 years$18,198$11,010$6,403$3,612$1,992$795
44 years$17,585$10,495$6,011$3,335$1,808$703
45 years$17,000$10,008$5,644$3,080$1,642$622
46 years$16,442$9,547$5,301$2,845$1,491$550
47 years$15,910$9,111$4,980$2,628$1,353$487
48 years$15,402$8,698$4,680$2,429$1,229$430
49 years$14,915$8,306$4,399$2,244$1,116$381
50 years$14,450$7,934$4,135$2,075$1,014$337

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 $3,626 every year, while hoping to spend $21,498 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: 75/6/19 Blend
70$14,800,000$14,800,000$14,800,000$14,800,000
71$16,313,340$15,528,940$15,299,540$17,464,340
72$17,954,427$16,266,985$15,789,201$18,965,587
73$19,762,185$17,040,473$16,294,545$20,607,676
74$21,753,590$17,851,118$16,816,075$22,407,068
75$23,947,352$18,700,719$17,354,309$24,379,443
76$26,364,087$19,591,159$17,909,784$26,542,062
77$29,026,513$20,524,416$18,483,051$28,913,936
78$31,959,666$21,502,560$19,074,681$31,515,999
79$35,191,132$22,527,766$19,685,263$34,371,303
80$38,751,312$23,602,311$20,315,405$37,505,239
81$42,673,708$24,728,586$20,965,732$40,945,767
82$46,995,235$25,909,096$21,636,893$44,723,685
83$51,756,576$27,146,468$22,329,556$48,872,912
84$57,002,559$28,443,458$23,044,409$53,430,810
85$62,782,588$29,802,955$23,782,164$58,438,529
86$69,151,101$31,227,989$24,543,556$63,941,400
87$76,168,091$32,721,738$25,329,342$69,989,355
88$83,899,666$34,287,533$26,140,305$76,637,396
89$92,418,678$35,928,868$26,977,252$83,946,114
90$101,805,409$37,649,408$27,841,015$91,982,255
91$112,148,327$39,452,995$28,732,455$100,819,350
92$123,544,923$41,343,660$29,652,460$110,538,404
93$136,102,633$43,325,627$30,601,945$121,228,657
94$149,939,848$45,403,328$31,581,856$132,988,424
95$165,187,032$47,581,411$32,593,169$145,926,019
96$181,987,959$49,864,750$33,636,889$160,160,775
97$200,501,064$52,258,456$34,714,058$175,824,165
98$220,900,941$54,767,889$35,825,748$193,061,038
99$243,379,992$57,398,670$36,973,065$212,030,986
100$268,150,242$60,156,695$38,157,153$232,909,844