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

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 $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%17.8%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,173,740
2 years$621,387$609,814$598,598$587,724$577,176$538,907
3 years$410,143$398,520$387,333$376,560$366,184$329,177
4 years$304,542$292,955$281,879$271,291$261,166$225,703
5 years$241,198$229,680$218,750$208,377$198,534$164,711
6 years$198,982$187,551$176,782$166,641$157,093$124,939
7 years$168,840$157,505$146,907$137,005$127,759$97,271
8 years$146,243$135,011$124,589$114,930$105,988$77,146
9 years$128,678$117,551$107,308$97,895$89,257$62,028
10 years$114,633$103,616$93,554$84,386$76,052$50,395
11 years$103,150$92,243$82,363$73,441$65,407$41,275
12 years$93,587$82,792$73,095$64,418$56,680$34,023
13 years$85,502$74,820$65,306$56,871$49,426$28,188
14 years$78,578$68,009$58,678$50,484$43,327$23,451
15 years$72,583$62,128$52,978$45,023$38,148$19,575
16 years$67,342$57,001$48,032$40,313$33,716$16,385
17 years$62,722$52,496$43,707$36,221$29,895$13,747
18 years$58,621$48,509$39,899$32,642$26,581$11,555
19 years$54,955$44,957$36,526$29,495$23,692$9,727
20 years$51,660$41,776$33,522$26,714$21,162$8,200
21 years$48,683$38,913$30,833$24,244$18,938$6,920
22 years$45,980$36,324$28,418$22,044$16,975$5,845
23 years$43,515$33,973$26,239$20,076$15,238$4,941
24 years$41,260$31,831$24,266$18,310$13,696$4,179
25 years$39,188$29,871$22,476$16,722$12,324$3,537
26 years$37,279$28,074$20,845$15,290$11,101$2,995
27 years$35,514$26,421$19,356$13,995$10,009$2,537
28 years$33,877$24,897$17,994$12,822$9,031$2,150
29 years$32,357$23,487$16,745$11,758$8,155$1,822
30 years$30,941$22,181$15,598$10,791$7,368$1,545
31 years$29,618$20,968$14,541$9,911$6,662$1,310
32 years$28,381$19,840$13,567$9,108$6,026$1,111
33 years$27,221$18,789$12,668$8,376$5,454$942
34 years$26,132$17,808$11,836$7,707$4,938$799
35 years$25,107$16,890$11,066$7,094$4,472$678
36 years$24,141$16,032$10,352$6,534$4,052$575
37 years$23,230$15,226$9,689$6,020$3,672$488
38 years$22,368$14,470$9,073$5,549$3,329$414
39 years$21,553$13,760$8,501$5,116$3,019$352
40 years$20,781$13,091$7,968$4,719$2,739$298
41 years$20,048$12,462$7,471$4,354$2,485$253
42 years$19,352$11,868$7,008$4,018$2,254$215
43 years$18,690$11,308$6,576$3,709$2,046$182
44 years$18,060$10,779$6,173$3,425$1,857$155
45 years$17,459$10,279$5,796$3,163$1,686$131
46 years$16,887$9,805$5,444$2,922$1,531$112
47 years$16,340$9,357$5,115$2,699$1,390$95
48 years$15,818$8,933$4,806$2,494$1,262$80
49 years$15,318$8,530$4,518$2,305$1,147$68
50 years$14,841$8,149$4,247$2,131$1,041$58

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 $4,614 every year, while hoping to spend $47,123 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: 59/14/27 Blend
70$15,200,000$15,200,000$15,200,000$15,200,000
71$16,755,159$15,949,559$15,713,959$17,620,761
72$18,414,047$16,680,949$16,190,238$18,943,829
73$20,240,562$17,446,598$16,680,894$20,380,871
74$22,251,752$18,248,134$17,186,357$21,947,391
75$24,466,404$19,087,265$17,707,072$23,655,979
76$26,905,216$19,965,781$18,243,498$25,520,484
77$29,590,999$20,885,555$18,796,107$27,556,143
78$32,548,888$21,848,554$19,365,383$29,779,723
79$35,806,580$22,856,838$19,951,828$32,209,675
80$39,394,593$23,912,565$20,555,957$34,866,302
81$43,346,560$25,017,999$21,178,299$37,771,951
82$47,699,539$26,175,512$21,819,403$40,951,219
83$52,494,369$27,387,588$22,479,829$44,431,179
84$57,776,049$28,656,835$23,160,159$48,241,636
85$63,594,170$29,985,984$23,860,988$52,415,398
86$70,003,375$31,377,897$24,582,931$56,988,586
87$77,063,882$32,835,576$25,326,621$62,000,969
88$84,842,045$34,362,166$26,092,710$67,496,334
89$93,410,986$35,960,965$26,881,869$73,522,897
90$102,851,284$37,635,430$27,694,788$80,133,746
91$113,251,732$39,389,183$28,532,181$87,387,346
92$124,710,178$41,226,023$29,394,779$95,348,077
93$137,334,450$43,149,931$30,283,337$104,086,842
94$151,243,368$45,165,082$31,198,633$113,681,726
95$166,567,870$47,275,850$32,141,466$124,218,730
96$183,452,249$49,486,823$33,112,661$135,792,571
97$202,055,510$51,802,808$34,113,067$148,507,576
98$222,552,874$54,228,848$35,143,557$162,478,654
99$245,137,432$56,770,226$36,205,031$177,832,377
100$270,021,966$59,432,484$37,298,415$194,708,164