Can I retire at age 71 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$627,601$622,011$616,556$611,233$606,035$592,106
2 years$310,694$304,907$299,299$293,862$288,588$274,631
3 years$205,072$199,260$193,666$188,280$183,092$169,544
4 years$152,271$146,477$140,940$135,645$130,583$117,548
5 years$120,599$114,840$109,375$104,189$99,267$86,782
6 years$99,491$93,775$88,391$83,320$78,547$66,624
7 years$84,420$78,753$73,453$68,502$63,879$52,521
8 years$73,122$67,505$62,294$57,465$52,994$42,195
9 years$64,339$58,776$53,654$48,947$44,629$34,382
10 years$57,317$51,808$46,777$42,193$38,026$28,320
11 years$51,575$46,121$41,182$36,721$32,704$23,525
12 years$46,794$41,396$36,548$32,209$28,340$19,674
13 years$42,751$37,410$32,653$28,436$24,713$16,543
14 years$39,289$34,005$29,339$25,242$21,663$13,973
15 years$36,291$31,064$26,489$22,511$19,074$11,846
16 years$33,671$28,501$24,016$20,157$16,858$10,073
17 years$31,361$26,248$21,854$18,110$14,947$8,587
18 years$29,310$24,254$19,950$16,321$13,290$7,336
19 years$27,477$22,479$18,263$14,748$11,846$6,279
20 years$25,830$20,888$16,761$13,357$10,581$5,382
21 years$24,341$19,457$15,417$12,122$9,469$4,620
22 years$22,990$18,162$14,209$11,022$8,488$3,969
23 years$21,758$16,987$13,119$10,038$7,619$3,414
24 years$20,630$15,915$12,133$9,155$6,848$2,939
25 years$19,594$14,936$11,238$8,361$6,162$2,531
26 years$18,639$14,037$10,422$7,645$5,551$2,182
27 years$17,757$13,211$9,678$6,997$5,004$1,881
28 years$16,939$12,448$8,997$6,411$4,516$1,623
29 years$16,179$11,744$8,373$5,879$4,077$1,400
30 years$15,470$11,091$7,799$5,396$3,684$1,209
31 years$14,809$10,484$7,271$4,955$3,331$1,044
32 years$14,190$9,920$6,784$4,554$3,013$902
33 years$13,610$9,395$6,334$4,188$2,727$779
34 years$13,066$8,904$5,918$3,853$2,469$673
35 years$12,553$8,445$5,533$3,547$2,236$582
36 years$12,071$8,016$5,176$3,267$2,026$503
37 years$11,615$7,613$4,845$3,010$1,836$435
38 years$11,184$7,235$4,537$2,774$1,665$376
39 years$10,777$6,880$4,250$2,558$1,510$325
40 years$10,390$6,546$3,984$2,359$1,369$281
41 years$10,024$6,231$3,736$2,177$1,242$243
42 years$9,676$5,934$3,504$2,009$1,127$210
43 years$9,345$5,654$3,288$1,855$1,023$182
44 years$9,030$5,389$3,087$1,712$929$157
45 years$8,730$5,139$2,898$1,581$843$136
46 years$8,443$4,903$2,722$1,461$765$117
47 years$8,170$4,679$2,557$1,350$695$102
48 years$7,909$4,466$2,403$1,247$631$88
49 years$7,659$4,265$2,259$1,153$573$76
50 years$7,420$4,074$2,124$1,065$521$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $7,600,000, adding $6,986 every year, while hoping to spend $28,607 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: 32/42/26 Blend
70$7,600,000$7,600,000$7,600,000$7,600,000
71$8,382,406$7,979,606$7,861,806$8,583,726
72$9,206,974$8,340,169$8,094,739$9,098,281
73$10,114,689$8,717,441$8,334,516$9,649,086
74$11,114,002$9,112,210$8,581,337$10,241,796
75$12,214,224$9,525,303$8,835,406$10,880,113
76$13,425,617$9,957,585$9,096,935$11,568,094
77$14,759,487$10,409,963$9,366,139$12,310,184
78$16,228,292$10,883,389$9,643,242$13,111,254
79$17,845,760$11,378,857$9,928,472$13,976,648
80$19,627,018$11,897,412$10,222,067$14,912,221
81$21,588,737$12,440,148$10,524,269$15,924,400
82$23,749,282$13,008,210$10,835,327$17,020,235
83$26,128,897$13,602,799$11,155,497$18,207,460
84$28,749,883$14,225,175$11,485,045$19,494,568
85$31,636,818$14,876,656$11,824,242$20,890,878
86$34,816,787$15,558,625$12,173,367$22,406,626
87$38,319,632$16,272,530$12,532,707$24,053,052
88$42,178,240$17,019,890$12,902,559$25,842,501
89$46,428,852$17,802,296$13,283,226$27,788,535
90$51,111,401$18,621,415$13,675,020$29,906,057
91$56,269,895$19,478,996$14,078,265$32,211,440
92$61,952,827$20,376,869$14,493,289$34,722,683
93$68,213,635$21,316,956$14,920,434$37,459,566
94$75,111,207$22,301,268$15,360,050$40,443,837
95$82,710,434$23,331,914$15,812,496$43,699,405
96$91,082,826$24,411,105$16,278,142$47,252,560
97$100,307,183$25,541,158$16,757,368$51,132,214
98$110,470,343$26,724,502$17,250,568$55,370,165
99$121,667,998$27,963,683$17,758,141$60,001,387
100$134,005,599$29,261,368$18,280,504$65,064,354