Can I retire at age 71 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,232,739
2 years$650,004$637,898$626,165$614,790$603,756$568,607
3 years$429,031$416,873$405,171$393,902$383,048$348,998
4 years$318,567$306,446$294,860$283,784$273,193$240,505
5 years$252,305$240,257$228,824$217,973$207,677$176,440
6 years$208,146$196,188$184,924$174,315$164,328$134,571
7 years$176,615$164,759$153,672$143,314$133,642$105,367
8 years$152,978$141,229$130,326$120,223$110,869$84,060
9 years$134,604$122,965$112,250$102,403$93,368$67,999
10 years$119,912$108,387$97,862$88,272$79,554$55,593
11 years$107,900$96,491$86,156$76,823$68,419$45,827
12 years$97,897$86,605$76,461$67,384$59,291$38,025
13 years$89,440$78,266$68,313$59,490$51,703$31,718
14 years$82,197$71,141$61,380$52,809$45,322$26,571
15 years$75,925$64,989$55,418$47,096$39,905$22,337
16 years$70,443$59,626$50,244$42,170$35,268$18,832
17 years$65,611$54,913$45,720$37,889$31,271$15,915
18 years$61,320$50,742$41,737$34,146$27,805$13,477
19 years$57,486$47,028$38,208$30,854$24,783$11,431
20 years$54,039$43,700$35,065$27,944$22,137$9,710
21 years$50,925$40,705$32,253$25,361$19,810$8,258
22 years$48,097$37,997$29,726$23,059$17,757$7,030
23 years$45,519$35,538$27,447$21,000$15,940$5,989
24 years$43,160$33,296$25,384$19,153$14,327$5,107
25 years$40,993$31,247$23,511$17,492$12,892$4,357
26 years$38,995$29,367$21,805$15,994$11,613$3,719
27 years$37,149$27,638$20,248$14,639$10,470$3,176
28 years$35,438$26,043$18,823$13,413$9,447$2,713
29 years$33,847$24,569$17,516$12,300$8,530$2,318
30 years$32,366$23,203$16,316$11,288$7,708$1,982
31 years$30,982$21,934$15,211$10,367$6,969$1,694
32 years$29,688$20,754$14,192$9,528$6,304$1,449
33 years$28,475$19,654$13,251$8,762$5,705$1,239
34 years$27,335$18,628$12,381$8,061$5,165$1,060
35 years$26,263$17,668$11,575$7,421$4,678$907
36 years$25,253$16,770$10,829$6,835$4,239$776
37 years$24,300$15,927$10,135$6,297$3,842$664
38 years$23,399$15,137$9,491$5,804$3,483$568
39 years$22,546$14,394$8,892$5,352$3,158$486
40 years$21,738$13,694$8,335$4,936$2,865$416
41 years$20,971$13,036$7,815$4,554$2,599$356
42 years$20,243$12,415$7,331$4,203$2,358$305
43 years$19,551$11,829$6,879$3,880$2,140$261
44 years$18,891$11,275$6,457$3,582$1,943$223
45 years$18,263$10,752$6,063$3,309$1,764$191
46 years$17,664$10,257$5,695$3,056$1,601$164
47 years$17,093$9,788$5,350$2,823$1,454$140
48 years$16,546$9,344$5,028$2,609$1,320$120
49 years$16,024$8,923$4,726$2,411$1,199$103
50 years$15,524$8,524$4,443$2,229$1,089$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,900,000, adding $2,425 every year, while hoping to spend $23,272 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: 46/44/10 Blend
70$15,900,000$15,900,000$15,900,000$15,900,000
71$17,524,301$16,681,601$16,435,151$18,281,372
72$19,287,019$17,474,239$16,960,968$19,597,080
73$21,228,754$18,304,935$17,503,619$21,020,939
74$23,367,741$19,175,531$18,063,644$22,565,003
75$25,724,075$20,087,957$18,641,601$24,240,407
76$28,319,899$21,044,235$19,238,063$26,059,367
77$31,179,614$22,046,488$19,853,623$28,035,295
78$34,330,109$23,096,940$20,488,894$30,182,912
79$37,801,015$24,197,925$21,144,507$32,518,379
80$41,624,984$25,351,889$21,821,114$35,059,447
81$45,837,999$26,561,398$22,519,388$37,825,607
82$50,479,710$27,829,142$23,240,022$40,838,275
83$55,593,812$29,157,941$23,983,735$44,120,975
84$61,228,455$30,550,755$24,751,264$47,699,559
85$67,436,700$32,010,685$25,543,374$51,602,433
86$74,277,019$33,540,984$26,360,853$55,860,823
87$81,813,847$35,145,064$27,204,513$60,509,049
88$90,118,189$36,826,501$28,075,194$65,584,845
89$99,268,292$38,589,048$28,973,761$71,129,695
90$109,350,385$40,436,638$29,901,109$77,189,220
91$120,459,488$42,373,397$30,858,160$83,813,586
92$132,700,314$44,403,652$31,845,866$91,057,970
93$146,188,253$46,531,938$32,865,210$98,983,061
94$161,050,466$48,763,014$33,917,206$107,655,621
95$177,427,082$51,101,870$35,002,900$117,149,095
96$195,472,521$53,553,738$36,123,374$127,544,288
97$215,356,952$56,124,106$37,279,741$138,930,112
98$237,267,902$58,818,728$38,473,154$151,404,401
99$261,412,023$61,643,640$39,704,798$165,074,821
100$288,017,041$64,605,170$40,975,901$180,059,859