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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,252,564
2 years$650,004$637,898$626,165$614,790$603,756$588,334
3 years$429,031$416,873$405,171$393,902$383,048$368,007
4 years$318,567$306,446$294,860$283,784$273,193$258,649
5 years$252,305$240,257$228,824$217,973$207,677$193,673
6 years$208,146$196,188$184,924$174,315$164,328$150,880
7 years$176,615$164,759$153,672$143,314$133,642$120,757
8 years$152,978$141,229$130,326$120,223$110,869$98,544
9 years$134,604$122,965$112,250$102,403$93,368$81,598
10 years$119,912$108,387$97,862$88,272$79,554$68,332
11 years$107,900$96,491$86,156$76,823$68,419$57,735
12 years$97,897$86,605$76,461$67,384$59,291$49,132
13 years$89,440$78,266$68,313$59,490$51,703$42,057
14 years$82,197$71,141$61,380$52,809$45,322$36,176
15 years$75,925$64,989$55,418$47,096$39,905$31,243
16 years$70,443$59,626$50,244$42,170$35,268$27,075
17 years$65,611$54,913$45,720$37,889$31,271$23,531
18 years$61,320$50,742$41,737$34,146$27,805$20,501
19 years$57,486$47,028$38,208$30,854$24,783$17,899
20 years$54,039$43,700$35,065$27,944$22,137$15,656
21 years$50,925$40,705$32,253$25,361$19,810$13,715
22 years$48,097$37,997$29,726$23,059$17,757$12,031
23 years$45,519$35,538$27,447$21,000$15,940$10,567
24 years$43,160$33,296$25,384$19,153$14,327$9,290
25 years$40,993$31,247$23,511$17,492$12,892$8,175
26 years$38,995$29,367$21,805$15,994$11,613$7,199
27 years$37,149$27,638$20,248$14,639$10,470$6,344
28 years$35,438$26,043$18,823$13,413$9,447$5,594
29 years$33,847$24,569$17,516$12,300$8,530$4,936
30 years$32,366$23,203$16,316$11,288$7,708$4,356
31 years$30,982$21,934$15,211$10,367$6,969$3,847
32 years$29,688$20,754$14,192$9,528$6,304$3,398
33 years$28,475$19,654$13,251$8,762$5,705$3,003
34 years$27,335$18,628$12,381$8,061$5,165$2,654
35 years$26,263$17,668$11,575$7,421$4,678$2,346
36 years$25,253$16,770$10,829$6,835$4,239$2,075
37 years$24,300$15,927$10,135$6,297$3,842$1,835
38 years$23,399$15,137$9,491$5,804$3,483$1,623
39 years$22,546$14,394$8,892$5,352$3,158$1,436
40 years$21,738$13,694$8,335$4,936$2,865$1,271
41 years$20,971$13,036$7,815$4,554$2,599$1,124
42 years$20,243$12,415$7,331$4,203$2,358$995
43 years$19,551$11,829$6,879$3,880$2,140$881
44 years$18,891$11,275$6,457$3,582$1,943$780
45 years$18,263$10,752$6,063$3,309$1,764$690
46 years$17,664$10,257$5,695$3,056$1,601$611
47 years$17,093$9,788$5,350$2,823$1,454$541
48 years$16,546$9,344$5,028$2,609$1,320$479
49 years$16,024$8,923$4,726$2,411$1,199$424
50 years$15,524$8,524$4,443$2,229$1,089$376

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 $6,653 every year, while hoping to spend $26,813 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: 77/7/16 Blend
70$15,900,000$15,900,000$15,900,000$15,900,000
71$17,528,663$16,685,963$16,439,513$18,816,860
72$19,288,057$17,475,046$16,961,707$20,457,160
73$21,226,012$18,301,896$17,500,497$22,251,480
74$23,360,710$19,168,334$18,056,409$24,218,487
75$25,712,192$20,076,272$18,629,988$26,375,414
76$28,302,539$21,027,712$19,221,796$28,741,238
77$31,156,084$22,024,756$19,832,412$31,336,858
78$34,299,641$23,069,605$20,462,434$34,185,287
79$37,762,758$24,164,570$21,112,480$37,311,870
80$41,577,997$25,312,071$21,783,185$40,744,519
81$45,781,238$26,514,648$22,475,207$44,513,976
82$50,412,022$27,774,964$23,189,224$48,654,100
83$55,513,920$29,095,809$23,925,936$53,202,184
84$61,134,948$30,480,112$24,686,063$58,199,306
85$67,328,017$31,930,942$25,470,350$63,690,710
86$74,151,434$33,451,517$26,279,566$69,726,238
87$81,669,453$35,045,214$27,114,504$76,360,789
88$89,952,878$36,715,570$27,975,981$83,654,840
89$99,079,737$38,466,298$28,864,841$91,675,011
90$109,136,012$40,301,290$29,781,956$100,494,694
91$120,216,458$42,224,625$30,728,224$110,194,737
92$132,425,488$44,240,583$31,704,571$120,864,211
93$145,878,169$46,353,653$32,711,955$132,601,238
94$160,701,300$48,568,540$33,751,363$145,513,923
95$177,034,612$50,890,177$34,823,813$159,721,366
96$195,032,088$53,323,742$35,930,357$175,354,779
97$214,863,415$55,874,659$37,072,077$192,558,727
98$236,715,585$58,548,620$38,250,095$211,492,484
99$260,794,665$61,351,592$39,465,562$232,331,534
100$287,327,734$64,289,833$40,719,672$255,269,220