Can I retire at age 71 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$586,311$581,089$575,993$571,020$566,164$561,890
2 years$290,253$284,847$279,608$274,529$269,602$265,293
3 years$191,580$186,151$180,925$175,893$171,047$166,836
4 years$142,253$136,841$131,667$126,721$121,992$117,912
5 years$112,665$107,285$102,179$97,334$92,736$88,799
6 years$92,945$87,606$82,576$77,839$73,379$69,590
7 years$78,866$73,571$68,621$63,996$59,677$56,037
8 years$68,311$63,064$58,196$53,684$49,508$46,018
9 years$60,106$54,909$50,124$45,727$41,693$38,351
10 years$53,546$48,399$43,699$39,417$35,524$32,330
11 years$48,182$43,087$38,472$34,305$30,552$27,502
12 years$43,715$38,673$34,143$30,090$26,476$23,568
13 years$39,939$34,949$30,505$26,565$23,087$20,318
14 years$36,704$31,768$27,409$23,581$20,238$17,604
15 years$33,904$29,020$24,746$21,030$17,819$15,317
16 years$31,456$26,625$22,436$18,830$15,749$13,374
17 years$29,298$24,521$20,416$16,919$13,964$11,713
18 years$27,382$22,659$18,637$15,247$12,416$10,285
19 years$25,670$21,000$17,061$13,777$11,067$9,051
20 years$24,131$19,514$15,658$12,478$9,885$7,981
21 years$22,740$18,177$14,402$11,325$8,846$7,049
22 years$21,477$16,967$13,274$10,297$7,929$6,235
23 years$20,326$15,869$12,256$9,377$7,118$5,522
24 years$19,273$14,868$11,335$8,553$6,398$4,896
25 years$18,305$13,953$10,498$7,811$5,757$4,346
26 years$17,413$13,114$9,737$7,142$5,186$3,860
27 years$16,589$12,341$9,041$6,537$4,675$3,432
28 years$15,824$11,629$8,405$5,989$4,218$3,053
29 years$15,114$10,971$7,822$5,492$3,809$2,717
30 years$14,453$10,361$7,286$5,041$3,442$2,420
31 years$13,835$9,794$6,792$4,629$3,112$2,156
32 years$13,257$9,268$6,337$4,255$2,815$1,922
33 years$12,715$8,777$5,917$3,912$2,547$1,714
34 years$12,206$8,318$5,529$3,600$2,306$1,529
35 years$11,728$7,890$5,169$3,314$2,089$1,364
36 years$11,276$7,488$4,835$3,052$1,893$1,218
37 years$10,851$7,112$4,526$2,812$1,715$1,087
38 years$10,448$6,759$4,238$2,592$1,555$971
39 years$10,068$6,427$3,971$2,390$1,410$867
40 years$9,707$6,115$3,722$2,204$1,279$774
41 years$9,364$5,821$3,490$2,034$1,161$692
42 years$9,039$5,544$3,274$1,877$1,053$618
43 years$8,730$5,282$3,072$1,733$956$552
44 years$8,436$5,035$2,883$1,600$867$494
45 years$8,155$4,801$2,707$1,477$788$441
46 years$7,888$4,580$2,543$1,365$715$394
47 years$7,633$4,371$2,389$1,261$649$352
48 years$7,389$4,173$2,245$1,165$590$315
49 years$7,155$3,985$2,110$1,077$536$282
50 years$6,932$3,806$1,984$995$486$252

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $7,100,000, adding $2,184 every year, while hoping to spend $23,248 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: 63/21/16 Blend
70$7,100,000$7,100,000$7,100,000$7,100,000
71$7,826,453$7,450,153$7,340,103$8,288,367
72$8,600,015$7,790,475$7,561,261$8,939,117
73$9,451,702$8,146,693$7,789,048$9,646,609
74$10,389,457$8,519,562$8,023,662$10,418,655
75$11,422,034$8,909,873$8,265,308$11,261,538
76$12,559,079$9,318,454$8,514,193$12,182,173
77$13,811,220$9,746,174$8,770,533$13,188,166
78$15,190,170$10,193,941$9,034,551$14,287,885
79$16,708,834$10,662,711$9,306,475$15,490,538
80$18,381,433$11,153,483$9,586,541$16,806,258
81$20,223,639$11,667,304$9,874,990$18,246,196
82$22,252,721$12,205,271$10,172,072$19,822,622
83$24,487,706$12,768,537$10,478,044$21,549,045
84$26,949,563$13,358,307$10,793,170$23,440,332
85$29,661,400$13,975,845$11,117,723$25,512,847
86$32,648,677$14,622,477$11,451,981$27,784,607
87$35,939,455$15,299,590$11,796,235$30,275,445
88$39,564,650$16,008,641$12,150,780$33,007,197
89$43,558,336$16,751,156$12,515,923$36,003,905
90$47,958,058$17,528,735$12,891,978$39,292,038
91$52,805,190$18,343,052$13,279,269$42,900,745
92$58,145,325$19,195,867$13,678,129$46,862,122
93$64,028,704$20,089,021$14,088,903$51,211,511
94$70,510,694$21,024,445$14,511,943$55,987,835
95$77,652,305$22,004,163$14,947,614$61,233,957
96$85,520,770$23,030,297$15,396,289$66,997,085
97$94,190,179$24,105,072$15,858,355$73,329,209
98$103,742,175$25,230,819$16,334,208$80,287,591
99$114,266,730$26,409,982$16,824,257$87,935,301
100$125,862,989$27,645,124$17,328,922$96,341,804