Can I retire at age 71 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,229,682
2 years$641,827$629,874$618,289$607,057$596,162$573,813
3 years$423,635$411,630$400,074$388,947$378,230$356,487
4 years$314,560$302,591$291,151$280,215$269,757$248,787
5 years$249,132$237,235$225,945$215,232$205,065$184,928
6 years$205,527$193,720$182,598$172,122$162,261$142,979
7 years$174,394$162,686$151,739$141,511$131,961$113,541
8 years$151,054$139,452$128,687$118,710$109,475$91,911
9 years$132,910$121,418$110,838$101,115$92,194$75,477
10 years$118,404$107,024$96,631$87,162$78,553$62,669
11 years$106,543$95,277$85,073$75,857$67,559$52,488
12 years$96,666$85,516$75,500$66,537$58,545$44,268
13 years$88,315$77,281$67,454$58,742$51,052$37,547
14 years$81,163$70,247$60,608$52,145$44,752$31,995
15 years$74,970$64,171$54,721$46,504$39,403$27,369
16 years$69,557$58,876$49,612$41,639$34,825$23,488
17 years$64,785$54,223$45,145$37,412$30,878$20,211
18 years$60,549$50,104$41,212$33,716$27,455$17,432
19 years$56,763$46,436$37,727$30,465$24,472$15,064
20 years$53,359$43,151$34,624$27,592$21,858$13,040
21 years$50,284$40,193$31,848$25,042$19,561$11,304
22 years$47,492$37,519$29,353$22,769$17,533$9,810
23 years$44,947$35,091$27,102$20,736$15,739$8,524
24 years$42,617$32,878$25,065$18,912$14,147$7,412
25 years$40,477$30,854$23,215$17,272$12,730$6,451
26 years$38,505$28,998$21,531$15,792$11,467$5,618
27 years$36,682$27,290$19,993$14,455$10,338$4,896
28 years$34,992$25,716$18,586$13,244$9,328$4,268
29 years$33,421$24,260$17,296$12,145$8,423$3,723
30 years$31,958$22,911$16,111$11,146$7,611$3,249
31 years$30,592$21,658$15,019$10,237$6,881$2,836
32 years$29,314$20,493$14,013$9,408$6,224$2,476
33 years$28,116$19,407$13,084$8,651$5,633$2,162
34 years$26,991$18,394$12,225$7,960$5,100$1,889
35 years$25,933$17,446$11,430$7,328$4,619$1,650
36 years$24,935$16,559$10,692$6,749$4,185$1,442
37 years$23,994$15,727$10,008$6,218$3,793$1,260
38 years$23,104$14,946$9,372$5,731$3,439$1,102
39 years$22,262$14,213$8,780$5,284$3,119$963
40 years$21,464$13,522$8,230$4,874$2,829$842
41 years$20,707$12,872$7,717$4,497$2,566$736
42 years$19,988$12,259$7,239$4,150$2,329$644
43 years$19,305$11,680$6,793$3,831$2,113$563
44 years$18,654$11,133$6,376$3,537$1,918$492
45 years$18,034$10,617$5,987$3,267$1,741$431
46 years$17,442$10,128$5,623$3,018$1,581$377
47 years$16,878$9,665$5,283$2,788$1,436$329
48 years$16,338$9,227$4,964$2,576$1,304$288
49 years$15,822$8,811$4,666$2,381$1,184$252
50 years$15,329$8,417$4,387$2,201$1,076$220

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,700,000, adding $4,224 every year, while hoping to spend $54,325 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: 43/40/17 Blend
70$15,700,000$15,700,000$15,700,000$15,700,000
71$17,305,757$16,473,657$16,230,307$17,964,135
72$19,013,143$17,223,065$16,716,221$19,177,320
73$20,892,861$18,007,373$17,216,592$20,485,177
74$22,962,433$18,828,234$17,731,848$21,900,956
75$25,241,164$19,687,380$18,262,427$23,434,607
76$27,750,327$20,586,626$18,808,783$25,097,052
77$30,513,363$21,527,874$19,371,380$26,900,280
78$33,556,103$22,513,116$19,950,698$28,857,451
79$36,907,009$23,544,443$20,547,230$30,983,016
80$40,597,445$24,624,042$21,161,484$33,292,843
81$44,661,973$25,754,208$21,793,982$35,804,366
82$49,138,675$26,937,345$22,445,261$38,536,734
83$54,069,518$28,175,973$23,115,876$41,510,987
84$59,500,747$29,472,733$23,806,395$44,750,247
85$65,483,318$30,830,393$24,517,405$48,279,926
86$72,073,388$32,251,853$25,249,509$52,127,956
87$79,332,833$33,740,154$26,003,327$56,325,044
88$87,329,843$35,298,482$26,779,499$60,904,952
89$96,139,557$36,930,178$27,578,683$65,904,802
90$105,844,777$38,638,742$28,401,554$71,365,419
91$116,536,748$40,427,843$29,248,809$77,331,702
92$128,316,017$42,301,329$30,121,166$83,853,036
93$141,293,386$44,263,230$31,019,360$90,983,749
94$155,590,955$46,317,771$31,944,152$98,783,603
95$171,343,274$48,469,383$32,896,322$107,318,354
96$188,698,613$50,722,708$33,876,675$116,660,350
97$207,820,364$53,082,614$34,886,036$126,889,204
98$228,888,581$55,554,201$35,925,257$138,092,527
99$252,101,677$58,142,818$36,995,215$150,366,736
100$277,678,303$60,854,071$38,096,809$163,817,953