Can I retire at age 71 with 15,300,000?

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 $15,300,000?

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 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,175,820
2 years$625,475$613,826$602,537$591,591$580,973$536,904
3 years$412,841$401,142$389,881$379,038$368,593$326,064
4 years$306,545$294,882$283,734$273,075$262,884$222,219
5 years$242,784$231,191$220,189$209,748$199,840$161,146
6 years$200,291$188,785$177,945$167,737$158,127$121,432
7 years$169,950$158,541$147,873$137,906$128,599$93,895
8 years$147,205$135,899$125,408$115,686$106,686$73,942
9 years$129,524$118,325$108,014$98,539$89,845$59,017
10 years$115,387$104,297$94,169$84,941$76,552$47,587
11 years$103,829$92,850$82,905$73,924$65,837$38,674
12 years$94,203$83,337$73,576$64,842$57,053$31,625
13 years$86,065$75,312$65,735$57,245$49,752$25,988
14 years$79,095$68,457$59,064$50,816$43,612$21,441
15 years$73,060$62,537$53,326$45,319$38,399$17,745
16 years$67,785$57,376$48,348$40,578$33,937$14,725
17 years$63,135$52,841$43,995$36,459$30,091$12,245
18 years$59,006$48,828$40,162$32,857$26,756$10,201
19 years$55,316$45,253$36,766$29,689$23,848$8,510
20 years$52,000$42,051$33,742$26,889$21,302$7,108
21 years$49,003$39,169$31,036$24,404$19,062$5,943
22 years$46,282$36,563$28,605$22,189$17,087$4,973
23 years$43,802$34,197$26,411$20,208$15,338$4,164
24 years$41,531$32,040$24,426$18,431$13,786$3,489
25 years$39,446$30,068$22,623$16,832$12,405$2,925
26 years$37,524$28,259$20,982$15,390$11,174$2,453
27 years$35,747$26,595$19,484$14,087$10,075$2,057
28 years$34,100$25,060$18,113$12,907$9,091$1,726
29 years$32,570$23,642$16,855$11,836$8,209$1,449
30 years$31,144$22,327$15,700$10,862$7,417$1,216
31 years$29,813$21,106$14,637$9,976$6,706$1,021
32 years$28,568$19,971$13,656$9,168$6,066$858
33 years$27,400$18,913$12,751$8,431$5,489$720
34 years$26,304$17,925$11,914$7,757$4,970$605
35 years$25,272$17,002$11,139$7,141$4,502$508
36 years$24,300$16,137$10,420$6,577$4,079$427
37 years$23,383$15,326$9,753$6,060$3,697$359
38 years$22,516$14,566$9,133$5,585$3,351$301
39 years$21,695$13,850$8,557$5,150$3,039$253
40 years$20,918$13,178$8,020$4,750$2,757$213
41 years$20,180$12,544$7,520$4,382$2,501$179
42 years$19,479$11,946$7,054$4,044$2,269$150
43 years$18,813$11,382$6,620$3,734$2,059$126
44 years$18,179$10,850$6,214$3,447$1,869$106
45 years$17,574$10,346$5,834$3,184$1,697$89
46 years$16,998$9,870$5,480$2,941$1,541$75
47 years$16,448$9,419$5,148$2,717$1,399$63
48 years$15,922$8,992$4,838$2,511$1,271$53
49 years$15,419$8,587$4,547$2,320$1,154$44
50 years$14,938$8,202$4,275$2,145$1,048$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,300,000, adding $4,104 every year, while hoping to spend $49,132 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: 56/28/16 Blend
70$15,300,000$15,300,000$15,300,000$15,300,000
71$16,864,833$16,053,933$15,816,783$17,738,128
72$18,532,770$16,788,300$16,294,369$19,066,423
73$20,369,190$17,557,004$16,786,308$20,506,971
74$22,391,226$18,361,676$17,293,028$22,075,078
75$24,617,758$19,204,024$17,814,971$23,782,972
76$27,069,588$20,085,841$18,352,592$25,644,092
77$29,769,641$21,009,002$18,906,359$27,673,212
78$32,743,177$21,975,476$19,476,754$29,886,580
79$36,018,030$22,987,323$20,064,274$32,302,061
80$39,624,872$24,046,704$20,669,430$34,939,301
81$43,597,501$25,155,885$21,292,748$37,819,911
82$47,973,162$26,317,239$21,934,771$40,967,663
83$52,792,894$27,533,254$22,596,056$44,408,705
84$58,101,923$28,806,537$23,277,178$48,171,808
85$63,950,084$30,139,822$23,978,728$52,288,628
86$70,392,293$31,535,974$24,701,315$56,793,997
87$77,489,065$32,997,994$25,445,568$61,726,245
88$85,307,086$34,529,032$26,212,130$67,127,557
89$93,919,840$36,132,386$27,001,668$73,044,361
90$103,408,305$37,811,515$27,814,865$79,527,759
91$113,861,716$39,570,043$28,652,427$86,634,001
92$125,378,406$41,411,770$29,515,078$94,425,007
93$138,066,737$43,340,680$30,403,567$102,968,943
94$152,046,119$45,360,948$31,318,661$112,340,853
95$167,448,140$47,476,952$32,261,153$122,623,360
96$184,417,807$49,693,279$33,231,859$133,907,432
97$203,114,913$52,014,739$34,231,616$146,293,234
98$223,715,549$54,446,376$35,261,290$159,891,058
99$246,413,761$56,993,475$36,321,769$174,822,354
100$271,423,386$59,661,577$37,413,970$191,220,866