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%11.7%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,258,843
2 years$650,004$637,898$626,165$614,790$603,756$594,635
3 years$429,031$416,873$405,171$393,902$383,048$374,134
4 years$318,567$306,446$294,860$283,784$273,193$264,554
5 years$252,305$240,257$228,824$217,973$207,677$199,339
6 years$208,146$196,188$184,924$174,315$164,328$156,301
7 years$176,615$164,759$153,672$143,314$133,642$125,931
8 years$152,978$141,229$130,326$120,223$110,869$103,474
9 years$134,604$122,965$112,250$102,403$93,368$86,286
10 years$119,912$108,387$97,862$88,272$79,554$72,782
11 years$107,900$96,491$86,156$76,823$68,419$61,951
12 years$97,897$86,605$76,461$67,384$59,291$53,122
13 years$89,440$78,266$68,313$59,490$51,703$45,826
14 years$82,197$71,141$61,380$52,809$45,322$39,731
15 years$75,925$64,989$55,418$47,096$39,905$34,592
16 years$70,443$59,626$50,244$42,170$35,268$30,225
17 years$65,611$54,913$45,720$37,889$31,271$26,490
18 years$61,320$50,742$41,737$34,146$27,805$23,277
19 years$57,486$47,028$38,208$30,854$24,783$20,499
20 years$54,039$43,700$35,065$27,944$22,137$18,088
21 years$50,925$40,705$32,253$25,361$19,810$15,988
22 years$48,097$37,997$29,726$23,059$17,757$14,153
23 years$45,519$35,538$27,447$21,000$15,940$12,544
24 years$43,160$33,296$25,384$19,153$14,327$11,131
25 years$40,993$31,247$23,511$17,492$12,892$9,887
26 years$38,995$29,367$21,805$15,994$11,613$8,789
27 years$37,149$27,638$20,248$14,639$10,470$7,820
28 years$35,438$26,043$18,823$13,413$9,447$6,962
29 years$33,847$24,569$17,516$12,300$8,530$6,202
30 years$32,366$23,203$16,316$11,288$7,708$5,528
31 years$30,982$21,934$15,211$10,367$6,969$4,930
32 years$29,688$20,754$14,192$9,528$6,304$4,398
33 years$28,475$19,654$13,251$8,762$5,705$3,925
34 years$27,335$18,628$12,381$8,061$5,165$3,504
35 years$26,263$17,668$11,575$7,421$4,678$3,129
36 years$25,253$16,770$10,829$6,835$4,239$2,795
37 years$24,300$15,927$10,135$6,297$3,842$2,497
38 years$23,399$15,137$9,491$5,804$3,483$2,232
39 years$22,546$14,394$8,892$5,352$3,158$1,995
40 years$21,738$13,694$8,335$4,936$2,865$1,783
41 years$20,971$13,036$7,815$4,554$2,599$1,595
42 years$20,243$12,415$7,331$4,203$2,358$1,426
43 years$19,551$11,829$6,879$3,880$2,140$1,275
44 years$18,891$11,275$6,457$3,582$1,943$1,141
45 years$18,263$10,752$6,063$3,309$1,764$1,020
46 years$17,664$10,257$5,695$3,056$1,601$913
47 years$17,093$9,788$5,350$2,823$1,454$817
48 years$16,546$9,344$5,028$2,609$1,320$731
49 years$16,024$8,923$4,726$2,411$1,199$654
50 years$15,524$8,524$4,443$2,229$1,089$585

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 $3,176 every year, while hoping to spend $41,915 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: 75/12/13 Blend
70$15,900,000$15,900,000$15,900,000$15,900,000
71$17,525,076$16,682,376$16,435,926$18,792,418
72$19,268,037$17,455,215$16,941,932$20,402,396
73$21,187,374$18,264,519$17,463,485$22,160,799
74$23,301,035$19,112,029$18,001,061$24,086,776
75$25,628,795$19,999,573$18,555,150$26,196,968
76$28,192,445$20,929,064$19,126,260$28,509,694
77$31,015,996$21,902,510$19,714,912$31,045,123
78$34,125,909$22,922,015$20,321,643$33,825,461
79$37,551,341$23,989,783$20,947,008$36,875,159
80$41,324,422$25,108,126$21,591,576$40,221,139
81$45,480,557$26,279,468$22,255,938$43,893,050
82$50,058,760$27,506,349$22,940,698$47,923,536
83$55,102,024$28,791,430$23,646,482$52,348,552
84$60,657,726$30,137,505$24,373,934$57,207,692
85$66,778,070$31,547,500$25,123,718$62,544,561
86$73,520,588$33,024,482$25,896,517$68,407,185
87$80,948,673$34,571,667$26,693,036$74,848,462
88$89,132,187$36,192,427$27,514,001$81,926,652
89$98,148,111$37,890,297$28,360,161$89,705,927
90$108,081,279$39,668,983$29,232,288$98,256,973
91$119,025,176$41,532,369$30,131,175$107,657,650
92$131,082,817$43,484,529$31,057,643$117,993,723
93$144,367,726$45,529,732$32,012,536$129,359,672
94$159,005,001$47,672,456$32,996,723$141,859,570
95$175,132,499$49,917,394$34,011,101$155,608,068
96$192,902,135$52,269,467$35,056,593$170,731,466
97$212,481,316$54,733,835$36,134,153$187,368,906
98$234,054,524$57,315,906$37,244,760$205,673,674
99$257,825,052$60,021,352$38,389,426$225,814,641
100$284,016,928$62,856,120$39,569,194$247,977,857