Can I retire at age 71 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,159,989
2 years$617,299$605,802$594,660$583,857$573,379$529,434
3 years$407,445$395,899$384,785$374,083$363,775$321,373
4 years$302,538$291,027$280,025$269,506$259,447$218,912
5 years$239,611$228,169$217,311$207,006$197,228$158,664
6 years$197,673$186,317$175,619$165,545$156,060$119,496
7 years$167,729$156,469$145,940$136,103$126,918$92,345
8 years$145,281$134,123$123,769$114,174$105,291$72,678
9 years$127,831$116,778$106,602$97,251$88,670$57,973
10 years$113,879$102,934$92,938$83,831$75,551$46,715
11 years$102,471$91,636$81,821$72,958$64,977$37,941
12 years$92,972$82,248$72,614$63,994$56,307$31,005
13 years$84,940$74,328$64,876$56,497$49,101$25,461
14 years$78,061$67,562$58,292$50,152$43,042$20,991
15 years$72,105$61,719$52,629$44,727$37,897$17,361
16 years$66,899$56,626$47,716$40,048$33,494$14,396
17 years$62,310$52,150$43,420$35,983$29,698$11,963
18 years$58,235$48,189$39,637$32,428$26,406$9,958
19 years$54,593$44,661$36,286$29,301$23,536$8,301
20 years$51,320$41,502$33,301$26,538$21,023$6,928
21 years$48,362$38,657$30,631$24,085$18,813$5,788
22 years$45,677$36,085$28,231$21,899$16,863$4,840
23 years$43,229$33,750$26,066$19,943$15,138$4,049
24 years$40,988$31,621$24,107$18,190$13,606$3,390
25 years$38,930$29,675$22,328$16,612$12,243$2,839
26 years$37,033$27,890$20,708$15,189$11,028$2,379
27 years$35,280$26,247$19,229$13,903$9,943$1,994
28 years$33,655$24,733$17,876$12,738$8,972$1,672
29 years$32,144$23,333$16,635$11,681$8,101$1,402
30 years$30,737$22,035$15,495$10,720$7,320$1,176
31 years$29,423$20,830$14,445$9,846$6,618$987
32 years$28,194$19,710$13,478$9,048$5,986$828
33 years$27,042$18,666$12,584$8,321$5,418$695
34 years$25,960$17,691$11,758$7,656$4,905$583
35 years$24,942$16,779$10,993$7,048$4,443$489
36 years$23,982$15,926$10,284$6,491$4,025$411
37 years$23,077$15,126$9,625$5,980$3,648$345
38 years$22,221$14,375$9,014$5,512$3,308$289
39 years$21,411$13,669$8,445$5,083$2,999$243
40 years$20,644$13,005$7,915$4,688$2,721$204
41 years$19,916$12,380$7,422$4,325$2,468$171
42 years$19,225$11,790$6,962$3,992$2,240$144
43 years$18,567$11,234$6,533$3,685$2,033$121
44 years$17,941$10,708$6,132$3,402$1,845$101
45 years$17,345$10,211$5,758$3,142$1,675$85
46 years$16,776$9,741$5,408$2,902$1,521$71
47 years$16,233$9,296$5,081$2,681$1,381$60
48 years$15,714$8,874$4,775$2,478$1,254$50
49 years$15,218$8,474$4,488$2,290$1,139$42
50 years$14,743$8,095$4,219$2,117$1,035$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,100,000, adding $4,928 every year, while hoping to spend $59,636 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: 56/17/27 Blend
70$15,100,000$15,100,000$15,100,000$15,100,000
71$16,645,283$15,844,983$15,610,933$17,453,547
72$18,279,650$16,557,935$16,070,447$18,722,619
73$20,078,723$17,303,823$16,543,356$20,097,989
74$22,059,240$18,084,198$17,030,046$21,595,332
75$24,239,643$18,900,684$17,530,913$23,226,429
76$26,640,254$19,754,985$18,046,366$25,004,239
77$29,283,464$20,648,883$18,576,823$26,943,016
78$32,193,948$21,584,249$19,122,717$29,058,440
79$35,398,893$22,563,039$19,684,491$31,367,764
80$38,928,260$23,587,308$20,262,601$33,889,968
81$42,815,060$24,659,204$20,857,516$36,645,940
82$47,095,672$25,780,980$21,469,718$39,658,666
83$51,810,180$26,954,998$22,099,703$42,953,443
84$57,002,757$28,183,731$22,747,982$46,558,115
85$62,722,077$29,469,773$23,415,078$50,503,327
86$69,021,776$30,815,839$24,101,530$54,822,815
87$75,960,959$32,224,777$24,807,894$59,553,717
88$83,604,756$33,699,570$25,534,737$64,736,916
89$92,024,937$35,243,345$26,282,647$70,417,425
90$101,300,591$36,859,379$27,052,225$76,644,803
91$111,518,868$38,551,105$27,844,092$83,473,618
92$122,775,806$40,322,123$28,658,883$90,963,957
93$135,177,235$42,176,204$29,497,252$99,181,985
94$148,839,776$44,117,302$30,359,874$108,200,564
95$163,891,943$46,149,559$31,247,438$118,099,934
96$180,475,351$48,277,317$32,160,658$128,968,464
97$198,746,059$50,505,129$33,100,262$140,903,474
98$218,876,040$52,837,763$34,067,004$154,012,154
99$241,054,802$55,280,219$35,061,655$168,412,561
100$265,491,180$57,837,738$36,085,008$184,234,727