Can I retire at age 71 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,147,360
2 years$609,123$597,778$586,784$576,124$565,784$525,108
3 years$402,048$390,655$379,688$369,128$358,957$319,668
4 years$298,531$287,173$276,316$265,936$256,011$218,410
5 years$236,437$225,147$214,432$204,264$194,615$158,802
6 years$195,055$183,849$173,293$163,352$153,993$119,995
7 years$165,507$154,396$144,007$134,301$125,237$93,050
8 years$143,357$132,346$122,130$112,661$103,896$73,493
9 years$126,138$115,231$105,190$95,963$87,496$58,839
10 years$112,371$101,571$91,707$82,721$74,551$47,594
11 years$101,114$90,422$80,738$71,992$64,116$38,805
12 years$91,740$81,158$71,653$63,146$55,562$31,838
13 years$83,815$73,343$64,017$55,749$48,451$26,253
14 years$77,027$66,667$57,519$49,488$42,472$21,735
15 years$71,150$60,902$51,932$44,134$37,395$18,053
16 years$66,013$55,876$47,084$39,517$33,050$15,035
17 years$61,484$51,460$42,845$35,506$29,305$12,549
18 years$57,464$47,551$39,112$31,998$26,056$10,493
19 years$53,870$44,070$35,805$28,913$23,225$8,787
20 years$50,640$40,952$32,860$26,186$20,745$7,368
21 years$47,722$38,145$30,225$23,766$18,564$6,184
22 years$45,072$35,607$27,857$21,609$16,640$5,195
23 years$42,657$33,303$25,721$19,679$14,937$4,367
24 years$40,446$31,202$23,787$17,949$13,426$3,674
25 years$38,415$29,282$22,032$16,392$12,081$3,092
26 years$36,543$27,520$20,434$14,988$10,882$2,603
27 years$34,813$25,900$18,974$13,719$9,811$2,192
28 years$33,209$24,405$17,639$12,569$8,853$1,847
29 years$31,718$23,023$16,415$11,526$7,994$1,557
30 years$30,330$21,743$15,290$10,578$7,223$1,312
31 years$29,034$20,555$14,254$9,715$6,530$1,106
32 years$27,821$19,449$13,299$8,929$5,907$933
33 years$26,684$18,418$12,418$8,211$5,346$787
34 years$25,616$17,456$11,602$7,554$4,840$663
35 years$24,611$16,557$10,847$6,954$4,384$560
36 years$23,665$15,715$10,147$6,405$3,972$472
37 years$22,771$14,926$9,498$5,901$3,600$398
38 years$21,927$14,185$8,894$5,439$3,264$336
39 years$21,128$13,488$8,333$5,015$2,960$283
40 years$20,371$12,833$7,811$4,626$2,685$239
41 years$19,652$12,216$7,324$4,268$2,435$202
42 years$18,970$11,634$6,870$3,939$2,210$170
43 years$18,321$11,085$6,447$3,636$2,006$144
44 years$17,703$10,566$6,051$3,357$1,821$121
45 years$17,115$10,076$5,682$3,100$1,653$102
46 years$16,553$9,612$5,337$2,864$1,501$86
47 years$16,018$9,173$5,014$2,646$1,363$73
48 years$15,506$8,757$4,711$2,445$1,237$61
49 years$15,016$8,362$4,428$2,260$1,124$52
50 years$14,548$7,988$4,163$2,089$1,021$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,900,000, adding $6,819 every year, while hoping to spend $38,369 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: 73/13/14 Blend
70$14,900,000$14,900,000$14,900,000$14,900,000
71$16,426,834$15,637,134$15,406,184$17,575,686
72$18,061,547$16,362,529$15,881,467$19,062,531
73$19,861,714$17,122,183$16,371,385$20,685,284
74$21,844,172$17,917,733$16,876,390$22,461,763
75$24,027,473$18,750,897$17,396,944$24,407,196
76$26,432,058$19,623,474$17,933,525$26,538,341
77$29,080,456$20,537,352$18,486,626$28,873,649
78$31,997,489$21,494,509$19,056,754$31,433,433
79$35,210,510$22,497,017$19,644,433$34,240,056
80$38,749,661$23,547,050$20,250,201$37,318,140
81$42,648,158$24,646,887$20,874,614$40,694,796
82$46,942,601$25,798,916$21,518,245$44,399,879
83$51,673,324$27,005,640$22,181,684$48,466,260
84$56,884,772$28,269,685$22,865,539$52,930,141
85$62,625,922$29,593,803$23,570,438$57,831,388
86$68,950,745$30,980,878$24,297,026$63,213,905
87$75,918,714$32,433,934$25,045,970$69,126,045
88$83,595,369$33,956,143$25,817,955$75,621,064
89$92,052,930$35,550,827$26,613,690$82,757,616
90$101,370,984$37,221,473$27,433,904$90,600,307
91$111,637,231$38,971,732$28,279,347$99,220,295
92$122,948,318$40,805,436$29,150,794$108,695,962
93$135,410,745$42,726,601$30,049,044$119,113,647
94$149,141,872$44,739,436$30,974,918$130,568,456
95$164,271,030$46,848,355$31,929,265$143,165,154
96$180,940,738$49,057,988$32,912,958$157,019,150
97$199,308,050$51,373,185$33,926,898$172,257,579
98$219,546,034$53,799,035$34,972,013$189,020,497
99$241,845,413$56,340,871$36,049,259$207,462,199
100$266,416,358$59,004,286$37,159,622$227,752,663