Can I retire at age 71 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$619,343$613,826$608,444$603,190$598,061$590,098
2 years$306,605$300,895$295,361$289,995$284,791$276,781
3 years$202,373$196,638$191,118$185,803$180,683$172,876
4 years$150,267$144,550$139,085$133,860$128,865$121,320
5 years$119,012$113,329$107,936$102,818$97,961$90,700
6 years$98,182$92,542$87,228$82,224$77,513$70,545
7 years$83,309$77,716$72,487$67,601$63,039$56,366
8 years$72,160$66,617$61,475$56,709$52,297$45,919
9 years$63,492$58,002$52,948$48,303$44,041$37,955
10 years$56,562$51,126$46,161$41,638$37,526$31,727
11 years$50,896$45,515$40,640$36,237$32,273$26,756
12 years$46,178$40,851$36,067$31,785$27,967$22,726
13 years$42,189$36,918$32,223$28,062$24,388$19,415
14 years$38,772$33,557$28,953$24,910$21,378$16,667
15 years$35,814$30,655$26,140$22,215$18,823$14,365
16 years$33,228$28,126$23,700$19,891$16,636$12,423
17 years$30,948$25,903$21,566$17,872$14,751$10,774
18 years$28,925$23,935$19,687$16,106$13,116$9,366
19 years$27,116$22,183$18,023$14,554$11,690$8,160
20 years$25,490$20,613$16,540$13,181$10,442$7,121
21 years$24,021$19,201$15,214$11,963$9,344$6,225
22 years$22,687$17,923$14,022$10,877$8,376$5,448
23 years$21,471$16,763$12,947$9,906$7,519$4,774
24 years$20,358$15,706$11,974$9,035$6,758$4,187
25 years$19,336$14,739$11,090$8,251$6,081$3,676
26 years$18,394$13,852$10,285$7,544$5,478$3,229
27 years$17,523$13,037$9,551$6,905$4,939$2,839
28 years$16,716$12,284$8,879$6,327$4,456$2,497
29 years$15,966$11,589$8,262$5,802$4,024$2,198
30 years$15,267$10,945$7,696$5,325$3,636$1,935
31 years$14,614$10,346$7,175$4,890$3,287$1,705
32 years$14,004$9,790$6,694$4,494$2,973$1,502
33 years$13,431$9,271$6,251$4,133$2,691$1,324
34 years$12,894$8,787$5,840$3,803$2,436$1,167
35 years$12,388$8,334$5,460$3,500$2,207$1,029
36 years$11,912$7,910$5,108$3,224$1,999$908
37 years$11,462$7,513$4,781$2,970$1,812$801
38 years$11,037$7,140$4,477$2,738$1,643$707
39 years$10,635$6,789$4,194$2,524$1,490$624
40 years$10,254$6,460$3,931$2,328$1,351$550
41 years$9,892$6,149$3,686$2,148$1,226$486
42 years$9,549$5,856$3,458$1,983$1,112$429
43 years$9,222$5,580$3,245$1,830$1,010$379
44 years$8,911$5,319$3,046$1,690$916$334
45 years$8,615$5,072$2,860$1,561$832$295
46 years$8,332$4,838$2,686$1,442$755$261
47 years$8,063$4,617$2,524$1,332$686$230
48 years$7,805$4,408$2,372$1,231$623$203
49 years$7,558$4,209$2,229$1,137$566$179
50 years$7,323$4,021$2,096$1,051$514$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $7,500,000, adding $4,415 every year, while hoping to spend $33,655 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: 44/44/12 Blend
70$7,500,000$7,500,000$7,500,000$7,500,000
71$8,269,554$7,872,054$7,755,804$8,604,721
72$9,077,240$8,221,976$7,979,815$9,188,487
73$9,966,182$8,587,916$8,210,202$9,817,073
74$10,944,632$8,970,624$8,447,144$10,497,614
75$12,021,684$9,370,884$8,690,823$11,234,905
76$13,207,358$9,789,519$8,941,427$12,034,206
77$14,512,693$10,227,391$9,199,150$12,901,294
78$15,949,856$10,685,400$9,464,189$13,842,507
79$17,532,250$11,164,494$9,736,748$14,864,807
80$19,274,647$11,665,662$10,017,037$15,975,840
81$21,193,323$12,189,941$10,305,269$17,184,002
82$23,306,212$12,738,419$10,601,666$18,498,520
83$25,633,078$13,312,234$10,906,455$19,929,529
84$28,195,698$13,912,579$11,219,867$21,488,169
85$31,018,069$14,540,705$11,542,142$23,186,682
86$34,126,634$15,197,921$11,873,525$25,038,524
87$37,550,530$15,885,599$12,214,268$27,058,489
88$41,321,868$16,605,178$12,564,630$29,262,843
89$45,476,030$17,358,163$12,924,877$31,669,469
90$50,052,005$18,146,133$13,295,280$34,298,035
91$55,092,759$18,970,742$13,676,121$37,170,173
92$60,645,636$19,833,724$14,067,687$40,309,676
93$66,762,809$20,736,895$14,470,272$43,742,714
94$73,501,770$21,682,157$14,884,181$47,498,083
95$80,925,874$22,671,506$15,309,724$51,607,459
96$89,104,934$23,707,031$15,747,221$56,105,699
97$98,115,884$24,790,922$16,197,000$61,031,158
98$108,043,501$25,925,475$16,659,397$66,426,045
99$118,981,210$27,113,094$17,134,757$72,336,810
100$131,031,958$28,356,301$17,623,437$78,814,581