Can I retire at age 71 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,185,390
2 years$629,563$617,838$606,475$595,457$584,770$542,264
3 years$415,540$403,764$392,429$381,515$371,002$329,954
4 years$308,549$296,809$285,588$274,860$264,602$225,324
5 years$244,371$232,702$221,628$211,119$201,146$163,743
6 years$201,600$190,019$179,108$168,834$159,160$123,660
7 years$171,061$159,577$148,840$138,807$129,440$95,837
8 years$148,168$136,787$126,228$116,442$107,383$75,650
9 years$130,371$119,098$108,720$99,183$90,432$60,529
10 years$116,142$104,979$94,785$85,497$77,052$48,929
11 years$104,507$93,457$83,447$74,408$66,268$39,868
12 years$94,819$83,882$74,057$65,265$57,426$32,689
13 years$86,627$75,805$66,165$57,620$50,077$26,936
14 years$79,612$68,904$59,450$51,148$43,897$22,285
15 years$73,538$62,945$53,675$45,615$38,650$18,496
16 years$68,228$57,751$48,664$40,844$34,159$15,393
17 years$63,548$53,187$44,283$36,698$30,288$12,838
18 years$59,392$49,147$40,424$33,072$26,931$10,727
19 years$55,678$45,549$37,006$29,883$24,004$8,976
20 years$52,340$42,326$33,963$27,065$21,441$7,521
21 years$49,323$39,425$31,239$24,563$19,187$6,307
22 years$46,585$36,802$28,792$22,334$17,198$5,294
23 years$44,088$34,420$26,584$20,340$15,438$4,447
24 years$41,803$32,249$24,586$18,551$13,876$3,738
25 years$39,704$30,264$22,771$16,942$12,487$3,143
26 years$37,769$28,444$21,119$15,491$11,247$2,645
27 years$35,981$26,769$19,611$14,179$10,141$2,226
28 years$34,323$25,224$18,231$12,991$9,150$1,874
29 years$32,783$23,796$16,966$11,913$8,262$1,578
30 years$31,348$22,473$15,803$10,933$7,465$1,329
31 years$30,008$21,244$14,732$10,041$6,749$1,119
32 years$28,754$20,101$13,746$9,228$6,105$943
33 years$27,579$19,036$12,834$8,486$5,525$795
34 years$26,475$18,042$11,992$7,808$5,003$670
35 years$25,437$17,113$11,211$7,188$4,531$564
36 years$24,459$16,242$10,488$6,620$4,105$476
37 years$23,535$15,427$9,817$6,099$3,721$401
38 years$22,663$14,661$9,193$5,622$3,373$338
39 years$21,837$13,941$8,613$5,183$3,059$285
40 years$21,054$13,264$8,073$4,781$2,775$240
41 years$20,312$12,626$7,570$4,411$2,517$202
42 years$19,606$12,024$7,101$4,071$2,284$171
43 years$18,936$11,457$6,663$3,758$2,073$144
44 years$18,297$10,921$6,254$3,470$1,882$121
45 years$17,689$10,414$5,873$3,204$1,708$102
46 years$17,109$9,934$5,516$2,960$1,551$86
47 years$16,555$9,481$5,182$2,735$1,408$73
48 years$16,026$9,050$4,869$2,527$1,279$61
49 years$15,520$8,643$4,577$2,335$1,162$52
50 years$15,036$8,256$4,303$2,159$1,055$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,400,000, adding $2,495 every year, while hoping to spend $50,669 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: 29/43/28 Blend
70$15,400,000$15,400,000$15,400,000$15,400,000
71$16,973,374$16,157,174$15,918,474$17,318,700
72$18,650,746$16,894,964$16,397,831$18,329,657
73$20,497,513$17,667,207$16,891,549$19,411,157
74$22,530,898$18,475,539$17,400,054$20,572,857
75$24,769,881$19,321,672$17,923,788$21,821,723
76$27,235,377$20,207,402$18,463,203$23,165,380
77$29,950,431$21,134,610$19,018,766$24,612,177
78$32,940,437$22,105,269$19,590,957$26,171,258
79$36,233,379$23,121,444$20,180,270$27,852,640
80$39,860,090$24,185,301$20,787,216$29,667,304
81$43,854,550$25,299,112$21,412,319$31,627,282
82$48,254,199$26,465,254$22,056,117$33,745,771
83$53,100,298$27,686,221$22,719,167$36,037,241
84$58,438,309$28,964,627$23,402,040$38,517,567
85$64,318,334$30,303,211$24,105,325$41,204,165
86$70,795,580$31,704,844$24,829,629$44,116,149
87$77,930,883$33,172,535$25,575,576$47,274,501
88$85,791,283$34,709,439$26,343,808$50,702,252
89$94,450,654$36,318,863$27,134,986$54,424,695
90$103,990,405$38,004,270$27,949,792$58,469,606
91$114,500,242$39,769,295$28,788,925$62,867,496
92$126,079,021$41,617,745$29,653,109$67,651,884
93$138,835,677$43,553,611$30,543,085$72,859,598
94$152,890,256$45,581,078$31,459,617$78,531,112
95$168,375,042$47,704,530$32,403,494$84,710,906
96$185,435,810$49,928,566$33,375,525$91,447,876
97$204,233,202$52,258,005$34,376,544$98,795,776
98$224,944,240$54,697,899$35,407,410$106,813,706
99$247,764,001$57,253,544$36,469,007$115,566,654
100$272,907,453$59,930,493$37,562,243$125,126,086