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%13.9%
1 years$545,022$540,167$535,431$530,807$526,293$517,788
2 years$269,813$264,788$259,918$255,196$250,616$242,070
3 years$178,088$173,042$168,184$163,506$159,001$150,681
4 years$132,235$127,204$122,395$117,797$113,401$105,371
5 years$104,731$99,729$94,983$90,480$86,206$78,488
6 years$86,400$81,437$76,761$72,357$68,211$60,816
7 years$73,312$68,390$63,789$59,489$55,474$48,403
8 years$63,500$58,623$54,098$49,904$46,021$39,273
9 years$55,873$51,042$46,594$42,507$38,757$32,327
10 years$49,775$44,991$40,622$36,641$33,022$26,907
11 years$44,789$40,053$35,763$31,889$28,400$22,593
12 years$40,637$35,949$31,739$27,971$24,611$19,104
13 years$37,126$32,488$28,356$24,694$21,461$16,246
14 years$34,119$29,530$25,478$21,921$18,813$13,881
15 years$31,516$26,977$23,004$19,549$16,564$11,907
16 years$29,240$24,750$20,856$17,504$14,640$10,247
17 years$27,235$22,794$18,978$15,728$12,981$8,843
18 years$25,454$21,063$17,325$14,174$11,542$7,649
19 years$23,862$19,521$15,860$12,807$10,287$6,630
20 years$22,431$18,140$14,555$11,599$9,189$5,756
21 years$21,139$16,896$13,388$10,527$8,223$5,005
22 years$19,965$15,772$12,339$9,572$7,371$4,357
23 years$18,895$14,751$11,393$8,717$6,616$3,797
24 years$17,915$13,821$10,537$7,950$5,947$3,312
25 years$17,016$12,970$9,759$7,261$5,351$2,892
26 years$16,187$12,190$9,051$6,639$4,820$2,527
27 years$15,420$11,472$8,405$6,077$4,346$2,209
28 years$14,710$10,810$7,813$5,568$3,921$1,932
29 years$14,050$10,198$7,271$5,106$3,541$1,691
30 years$13,435$9,631$6,773$4,686$3,199$1,480
31 years$12,861$9,105$6,314$4,303$2,893$1,296
32 years$12,323$8,615$5,891$3,955$2,617$1,136
33 years$11,820$8,158$5,500$3,637$2,368$995
34 years$11,347$7,732$5,139$3,346$2,144$872
35 years$10,902$7,334$4,805$3,080$1,942$765
36 years$10,482$6,961$4,495$2,837$1,759$670
37 years$10,087$6,611$4,207$2,614$1,595$588
38 years$9,713$6,283$3,940$2,409$1,446$516
39 years$9,359$5,975$3,691$2,221$1,311$452
40 years$9,023$5,684$3,460$2,049$1,189$397
41 years$8,705$5,411$3,244$1,890$1,079$348
42 years$8,403$5,153$3,043$1,745$979$305
43 years$8,115$4,910$2,856$1,611$888$268
44 years$7,842$4,680$2,680$1,487$806$235
45 years$7,581$4,463$2,517$1,373$732$206
46 years$7,332$4,258$2,364$1,269$665$181
47 years$7,095$4,063$2,221$1,172$604$159
48 years$6,868$3,879$2,087$1,083$548$140
49 years$6,651$3,704$1,962$1,001$498$123
50 years$6,444$3,538$1,844$925$452$108

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 $6,691 every year, while hoping to spend $49,415 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: 67/28/5 Blend
70$6,600,000$6,600,000$6,600,000$6,600,000
71$7,280,102$6,930,302$6,828,002$7,763,018
72$7,970,095$7,217,309$7,004,163$8,370,851
73$8,728,811$7,516,724$7,184,569$9,028,447
74$9,563,208$7,829,102$7,369,310$9,745,956
75$10,480,952$8,155,024$7,558,478$10,529,216
76$11,490,487$8,495,099$7,752,166$11,384,644
77$12,601,120$8,849,962$7,950,467$12,319,304
78$13,823,104$9,220,280$8,153,477$13,340,965
79$15,167,736$9,606,748$8,361,293$14,458,180
80$16,647,461$10,010,096$8,574,013$15,680,356
81$18,275,997$10,431,085$8,791,737$17,017,851
82$20,068,453$10,870,513$9,014,565$18,482,060
83$22,041,482$11,329,214$9,242,599$20,085,529
84$24,213,430$11,808,063$9,475,943$21,842,065
85$26,604,514$12,307,972$9,714,701$23,766,870
86$29,237,010$12,829,898$9,958,979$25,876,678
87$32,135,464$13,374,842$10,208,884$28,189,911
88$35,326,923$13,943,850$10,464,523$30,726,853
89$38,841,190$14,538,020$10,726,006$33,509,837
90$42,711,107$15,158,498$10,993,442$36,563,453
91$46,972,860$15,806,486$11,266,944$39,914,778
92$51,666,328$16,483,239$11,546,621$43,593,631
93$56,835,449$17,190,073$11,832,589$47,632,847
94$62,528,644$17,928,366$12,124,960$52,068,586
95$68,799,268$18,699,559$12,423,849$56,940,673
96$75,706,116$19,505,160$12,729,370$62,292,967
97$83,313,976$20,346,749$13,041,640$68,173,774
98$91,694,241$21,225,980$13,360,775$74,636,300
99$100,925,585$22,144,583$13,686,892$81,739,145
100$111,094,699$23,104,372$14,020,107$89,546,857