Can I retire at age 71 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,185,176
2 years$621,387$609,814$598,598$587,724$577,176$550,221
3 years$410,143$398,520$387,333$376,560$366,184$340,009
4 years$304,542$292,955$281,879$271,291$261,166$235,972
5 years$241,198$229,680$218,750$208,377$198,534$174,394
6 years$198,982$187,551$176,782$166,641$157,093$134,031
7 years$168,840$157,505$146,907$137,005$127,759$105,778
8 years$146,243$135,011$124,589$114,930$105,988$85,082
9 years$128,678$117,551$107,308$97,895$89,257$69,410
10 years$114,633$103,616$93,554$84,386$76,052$57,242
11 years$103,150$92,243$82,363$73,441$65,407$47,611
12 years$93,587$82,792$73,095$64,418$56,680$39,869
13 years$85,502$74,820$65,306$56,871$49,426$33,570
14 years$78,578$68,009$58,678$50,484$43,327$28,393
15 years$72,583$62,128$52,978$45,023$38,148$24,104
16 years$67,342$57,001$48,032$40,313$33,716$20,526
17 years$62,722$52,496$43,707$36,221$29,895$17,523
18 years$58,621$48,509$39,899$32,642$26,581$14,993
19 years$54,955$44,957$36,526$29,495$23,692$12,851
20 years$51,660$41,776$33,522$26,714$21,162$11,033
21 years$48,683$38,913$30,833$24,244$18,938$9,484
22 years$45,980$36,324$28,418$22,044$16,975$8,162
23 years$43,515$33,973$26,239$20,076$15,238$7,030
24 years$41,260$31,831$24,266$18,310$13,696$6,061
25 years$39,188$29,871$22,476$16,722$12,324$5,229
26 years$37,279$28,074$20,845$15,290$11,101$4,514
27 years$35,514$26,421$19,356$13,995$10,009$3,899
28 years$33,877$24,897$17,994$12,822$9,031$3,369
29 years$32,357$23,487$16,745$11,758$8,155$2,912
30 years$30,941$22,181$15,598$10,791$7,368$2,518
31 years$29,618$20,968$14,541$9,911$6,662$2,178
32 years$28,381$19,840$13,567$9,108$6,026$1,884
33 years$27,221$18,789$12,668$8,376$5,454$1,631
34 years$26,132$17,808$11,836$7,707$4,938$1,411
35 years$25,107$16,890$11,066$7,094$4,472$1,222
36 years$24,141$16,032$10,352$6,534$4,052$1,058
37 years$23,230$15,226$9,689$6,020$3,672$916
38 years$22,368$14,470$9,073$5,549$3,329$793
39 years$21,553$13,760$8,501$5,116$3,019$687
40 years$20,781$13,091$7,968$4,719$2,739$595
41 years$20,048$12,462$7,471$4,354$2,485$515
42 years$19,352$11,868$7,008$4,018$2,254$446
43 years$18,690$11,308$6,576$3,709$2,046$387
44 years$18,060$10,779$6,173$3,425$1,857$335
45 years$17,459$10,279$5,796$3,163$1,686$290
46 years$16,887$9,805$5,444$2,922$1,531$251
47 years$16,340$9,357$5,115$2,699$1,390$218
48 years$15,818$8,933$4,806$2,494$1,262$189
49 years$15,318$8,530$4,518$2,305$1,147$164
50 years$14,841$8,149$4,247$2,131$1,041$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,200,000, adding $6,717 every year, while hoping to spend $53,115 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: 73/7/20 Blend
70$15,200,000$15,200,000$15,200,000$15,200,000
71$16,757,329$15,951,729$15,716,129$17,899,874
72$18,410,062$16,676,849$16,186,105$19,385,188
73$20,229,594$17,435,721$16,670,045$21,004,834
74$22,232,883$18,229,941$17,168,361$22,777,876
75$24,438,612$19,061,183$17,681,477$24,719,557
76$26,867,372$19,931,203$18,209,828$26,846,658
77$29,541,851$20,841,838$18,753,864$29,177,659
78$32,487,047$21,795,016$19,314,046$31,732,909
79$35,730,509$22,792,755$19,890,850$34,534,816
80$39,302,593$23,837,172$20,484,765$37,608,055
81$43,236,747$24,930,483$21,096,294$40,979,803
82$47,569,832$26,075,013$21,725,957$44,679,989
83$52,342,464$27,273,198$22,374,286$48,741,578
84$57,599,400$28,527,590$23,041,829$53,200,876
85$63,389,961$29,840,864$23,729,153$58,097,873
86$69,768,496$31,215,825$24,436,838$63,476,616
87$76,794,892$32,655,410$25,165,482$69,385,623
88$84,535,147$34,162,701$25,915,701$75,878,338
89$93,061,983$35,740,924$26,688,128$83,013,634
90$102,455,540$37,393,465$27,483,416$90,856,363
91$112,804,130$39,123,869$28,302,234$99,477,965
92$124,205,066$40,935,854$29,145,274$108,957,144
93$136,765,588$42,833,315$30,013,246$119,380,602
94$150,603,868$44,820,338$30,906,880$130,843,855
95$165,850,131$46,901,203$31,826,929$143,452,134
96$182,647,880$49,080,398$32,774,167$157,321,371
97$201,155,252$51,362,626$33,749,389$172,579,291
98$221,546,510$53,752,817$34,753,417$189,366,613
99$244,013,690$56,256,141$35,787,092$207,838,378
100$268,768,409$58,878,014$36,851,282$228,165,399