Can I retire at age 71 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$545,022$540,167$535,431$530,807$526,293$511,497
2 years$269,813$264,788$259,918$255,196$250,616$235,822
3 years$178,088$173,042$168,184$163,506$159,001$144,672
4 years$132,235$127,204$122,395$117,797$113,401$99,647
5 years$104,731$99,729$94,983$90,480$86,206$73,065
6 years$86,400$81,437$76,761$72,357$68,211$55,696
7 years$73,312$68,390$63,789$59,489$55,474$43,585
8 years$63,500$58,623$54,098$49,904$46,021$34,751
9 years$55,873$51,042$46,594$42,507$38,757$28,094
10 years$49,775$44,991$40,622$36,641$33,022$22,954
11 years$44,789$40,053$35,763$31,889$28,400$18,910
12 years$40,637$35,949$31,739$27,971$24,611$15,680
13 years$37,126$32,488$28,356$24,694$21,461$13,071
14 years$34,119$29,530$25,478$21,921$18,813$10,942
15 years$31,516$26,977$23,004$19,549$16,564$9,192
16 years$29,240$24,750$20,856$17,504$14,640$7,744
17 years$27,235$22,794$18,978$15,728$12,981$6,540
18 years$25,454$21,063$17,325$14,174$11,542$5,534
19 years$23,862$19,521$15,860$12,807$10,287$4,690
20 years$22,431$18,140$14,555$11,599$9,189$3,981
21 years$21,139$16,896$13,388$10,527$8,223$3,383
22 years$19,965$15,772$12,339$9,572$7,371$2,878
23 years$18,895$14,751$11,393$8,717$6,616$2,450
24 years$17,915$13,821$10,537$7,950$5,947$2,087
25 years$17,016$12,970$9,759$7,261$5,351$1,779
26 years$16,187$12,190$9,051$6,639$4,820$1,517
27 years$15,420$11,472$8,405$6,077$4,346$1,295
28 years$14,710$10,810$7,813$5,568$3,921$1,105
29 years$14,050$10,198$7,271$5,106$3,541$944
30 years$13,435$9,631$6,773$4,686$3,199$806
31 years$12,861$9,105$6,314$4,303$2,893$689
32 years$12,323$8,615$5,891$3,955$2,617$588
33 years$11,820$8,158$5,500$3,637$2,368$503
34 years$11,347$7,732$5,139$3,346$2,144$430
35 years$10,902$7,334$4,805$3,080$1,942$367
36 years$10,482$6,961$4,495$2,837$1,759$314
37 years$10,087$6,611$4,207$2,614$1,595$268
38 years$9,713$6,283$3,940$2,409$1,446$230
39 years$9,359$5,975$3,691$2,221$1,311$196
40 years$9,023$5,684$3,460$2,049$1,189$168
41 years$8,705$5,411$3,244$1,890$1,079$144
42 years$8,403$5,153$3,043$1,745$979$123
43 years$8,115$4,910$2,856$1,611$888$105
44 years$7,842$4,680$2,680$1,487$806$90
45 years$7,581$4,463$2,517$1,373$732$77
46 years$7,332$4,258$2,364$1,269$665$66
47 years$7,095$4,063$2,221$1,172$604$56
48 years$6,868$3,879$2,087$1,083$548$48
49 years$6,651$3,704$1,962$1,001$498$41
50 years$6,444$3,538$1,844$925$452$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $6,600,000, adding $6,442 every year, while hoping to spend $24,798 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: 76/15/9 Blend
70$6,600,000$6,600,000$6,600,000$6,600,000
71$7,279,845$6,930,045$6,827,745$7,821,957
72$7,996,004$7,243,232$7,030,089$8,492,759
73$8,784,381$7,570,935$7,238,381$9,224,051
74$9,652,314$7,913,837$7,452,794$10,024,937
75$10,607,893$8,272,658$7,673,505$10,902,321
76$11,660,028$8,648,148$7,900,698$11,863,801
77$12,818,540$9,041,097$8,134,560$12,917,744
78$14,094,250$9,452,329$8,375,287$14,073,361
79$15,499,081$9,882,711$8,623,077$15,340,791
80$17,046,172$10,333,149$8,878,135$16,731,203
81$18,750,002$10,804,593$9,140,672$18,256,889
82$20,626,523$11,298,039$9,410,906$19,931,389
83$22,693,316$11,814,531$9,689,059$21,769,612
84$24,969,753$12,355,162$9,975,361$23,787,975
85$27,477,181$12,921,077$10,270,049$26,004,559
86$30,239,123$13,513,479$10,573,364$28,439,277
87$33,281,499$14,133,626$10,885,558$31,114,060
88$36,632,875$14,782,836$11,206,887$34,053,062
89$40,324,725$15,462,492$11,537,615$37,282,887
90$44,391,737$16,174,044$11,878,014$40,832,839
91$48,872,131$16,919,009$12,228,365$44,735,194
92$53,808,027$17,698,979$12,588,954$49,025,506
93$59,245,838$18,515,622$12,960,077$53,742,937
94$65,236,713$19,370,687$13,342,038$58,930,627
95$71,837,013$20,266,005$13,735,151$64,636,098
96$79,108,846$21,203,498$14,139,738$70,911,700
97$87,120,658$22,185,178$14,556,128$77,815,104
98$95,947,869$23,213,156$14,984,663$85,409,842
99$105,673,595$24,289,644$15,425,692$93,765,903
100$116,389,424$25,416,959$15,879,575$102,960,394