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 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,160,621
2 years$605,035$593,767$582,846$572,257$561,987$542,346
3 years$399,350$388,033$377,140$366,651$356,548$337,429
4 years$296,528$285,245$274,461$264,151$254,293$235,844
5 years$234,850$223,636$212,993$202,894$193,309$175,583
6 years$193,746$182,615$172,130$162,256$152,959$135,976
7 years$164,396$153,360$143,041$133,399$124,397$108,161
8 years$142,395$131,458$121,310$111,905$103,199$87,708
9 years$125,291$114,458$104,484$95,319$86,909$72,154
10 years$111,617$100,889$91,092$82,165$74,050$60,020
11 years$100,435$89,816$80,196$71,509$63,686$50,364
12 years$91,125$80,614$71,172$62,723$55,189$42,559
13 years$83,252$72,851$63,587$55,375$48,126$36,169
14 years$76,510$66,220$57,133$49,155$42,187$30,883
15 years$70,673$60,493$51,584$43,838$37,144$26,473
16 years$65,570$55,501$46,768$39,252$32,828$22,766
17 years$61,072$51,114$42,557$35,268$29,108$19,632
18 years$57,078$47,232$38,849$31,783$25,881$16,970
19 years$53,509$43,774$35,565$28,719$23,069$14,697
20 years$50,301$40,677$32,639$26,011$20,605$12,751
21 years$47,402$37,889$30,022$23,606$18,439$11,078
22 years$44,770$35,368$27,670$21,463$16,528$9,637
23 years$42,370$33,079$25,548$19,547$14,837$8,392
24 years$40,174$30,993$23,628$17,828$13,336$7,315
25 years$38,157$29,085$21,884$16,282$12,000$6,382
26 years$36,298$27,336$20,296$14,887$10,809$5,571
27 years$34,579$25,726$18,847$13,627$9,745$4,866
28 years$32,986$24,241$17,521$12,485$8,793$4,253
29 years$31,506$22,869$16,305$11,449$7,940$3,719
30 years$30,126$21,597$15,187$10,507$7,175$3,253
31 years$28,839$20,417$14,158$9,650$6,486$2,846
32 years$27,634$19,318$13,210$8,869$5,867$2,492
33 years$26,505$18,295$12,334$8,155$5,310$2,181
34 years$25,444$17,339$11,524$7,504$4,808$1,910
35 years$24,446$16,446$10,775$6,908$4,354$1,673
36 years$23,506$15,610$10,079$6,362$3,945$1,466
37 years$22,618$14,826$9,434$5,861$3,576$1,285
38 years$21,780$14,090$8,835$5,403$3,242$1,126
39 years$20,986$13,398$8,277$4,982$2,940$987
40 years$20,234$12,747$7,758$4,595$2,666$865
41 years$19,520$12,134$7,275$4,239$2,419$758
42 years$18,843$11,556$6,824$3,912$2,195$665
43 years$18,198$11,010$6,403$3,612$1,992$583
44 years$17,585$10,495$6,011$3,335$1,808$511
45 years$17,000$10,008$5,644$3,080$1,642$448
46 years$16,442$9,547$5,301$2,845$1,491$393
47 years$15,910$9,111$4,980$2,628$1,353$345
48 years$15,402$8,698$4,680$2,429$1,229$302
49 years$14,915$8,306$4,399$2,244$1,116$265
50 years$14,450$7,934$4,135$2,075$1,014$232

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 $3,271 every year, while hoping to spend $26,874 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: 47/46/7 Blend
70$14,800,000$14,800,000$14,800,000$14,800,000
71$16,312,974$15,528,574$15,299,174$17,048,873
72$17,948,304$16,260,880$15,783,103$18,286,581
73$19,749,536$17,028,169$16,282,342$19,625,941
74$21,733,565$17,832,126$16,797,377$21,078,819
75$23,919,007$18,674,518$17,328,707$22,655,743
76$26,326,376$19,557,199$17,876,849$24,368,272
77$28,978,276$20,482,112$18,442,333$26,229,089
78$31,899,618$21,451,294$19,025,709$28,252,119
79$35,117,852$22,466,880$19,627,544$30,452,651
80$38,663,228$23,531,112$20,248,421$32,847,475
81$42,569,077$24,646,336$20,888,943$35,455,034
82$46,872,132$25,815,015$21,549,731$38,295,584
83$51,612,870$27,039,732$22,231,428$41,391,384
84$56,835,897$28,323,193$22,934,695$44,766,890
85$62,590,365$29,668,237$23,660,215$48,448,979
86$68,930,442$31,077,839$24,408,691$52,467,195
87$75,915,816$32,555,122$25,180,851$56,854,011
88$83,612,263$34,103,358$25,977,444$61,645,128
89$92,092,269$35,725,978$26,799,244$66,879,802
90$101,435,710$37,426,580$27,647,047$72,601,198
91$111,730,607$39,208,937$28,521,679$78,856,786
92$123,073,961$41,077,006$29,423,986$85,698,776
93$135,572,661$43,034,936$30,354,846$93,184,598
94$149,344,502$45,087,077$31,315,163$101,377,425
95$164,519,288$47,237,991$32,305,868$110,346,758
96$181,240,064$49,492,461$33,327,923$120,169,063
97$199,664,463$51,855,505$34,382,321$130,928,478
98$219,966,196$54,332,382$35,470,086$142,717,586
99$242,336,688$56,928,608$36,592,274$155,638,273
100$266,986,889$59,649,969$37,749,974$169,802,669