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%12.1%
1 years$627,601$622,011$616,556$611,233$606,035$600,706
2 years$310,694$304,907$299,299$293,862$288,588$283,218
3 years$205,072$199,260$193,666$188,280$183,092$177,848
4 years$152,271$146,477$140,940$135,645$130,583$125,504
5 years$120,599$114,840$109,375$104,189$99,267$94,369
6 years$99,491$93,775$88,391$83,320$78,547$73,836
7 years$84,420$78,753$73,453$68,502$63,879$59,358
8 years$73,122$67,505$62,294$57,465$52,994$48,661
9 years$64,339$58,776$53,654$48,947$44,629$40,483
10 years$57,317$51,808$46,777$42,193$38,026$34,066
11 years$51,575$46,121$41,182$36,721$32,704$28,925
12 years$46,794$41,396$36,548$32,209$28,340$24,740
13 years$42,751$37,410$32,653$28,436$24,713$21,288
14 years$39,289$34,005$29,339$25,242$21,663$18,408
15 years$36,291$31,064$26,489$22,511$19,074$15,984
16 years$33,671$28,501$24,016$20,157$16,858$13,928
17 years$31,361$26,248$21,854$18,110$14,947$12,173
18 years$29,310$24,254$19,950$16,321$13,290$10,666
19 years$27,477$22,479$18,263$14,748$11,846$9,367
20 years$25,830$20,888$16,761$13,357$10,581$8,241
21 years$24,341$19,457$15,417$12,122$9,469$7,263
22 years$22,990$18,162$14,209$11,022$8,488$6,410
23 years$21,758$16,987$13,119$10,038$7,619$5,664
24 years$20,630$15,915$12,133$9,155$6,848$5,010
25 years$19,594$14,936$11,238$8,361$6,162$4,436
26 years$18,639$14,037$10,422$7,645$5,551$3,932
27 years$17,757$13,211$9,678$6,997$5,004$3,487
28 years$16,939$12,448$8,997$6,411$4,516$3,095
29 years$16,179$11,744$8,373$5,879$4,077$2,748
30 years$15,470$11,091$7,799$5,396$3,684$2,441
31 years$14,809$10,484$7,271$4,955$3,331$2,170
32 years$14,190$9,920$6,784$4,554$3,013$1,930
33 years$13,610$9,395$6,334$4,188$2,727$1,716
34 years$13,066$8,904$5,918$3,853$2,469$1,527
35 years$12,553$8,445$5,533$3,547$2,236$1,359
36 years$12,071$8,016$5,176$3,267$2,026$1,210
37 years$11,615$7,613$4,845$3,010$1,836$1,078
38 years$11,184$7,235$4,537$2,774$1,665$960
39 years$10,777$6,880$4,250$2,558$1,510$855
40 years$10,390$6,546$3,984$2,359$1,369$762
41 years$10,024$6,231$3,736$2,177$1,242$679
42 years$9,676$5,934$3,504$2,009$1,127$605
43 years$9,345$5,654$3,288$1,855$1,023$539
44 years$9,030$5,389$3,087$1,712$929$480
45 years$8,730$5,139$2,898$1,581$843$428
46 years$8,443$4,903$2,722$1,461$765$382
47 years$8,170$4,679$2,557$1,350$695$340
48 years$7,909$4,466$2,403$1,247$631$304
49 years$7,659$4,265$2,259$1,153$573$271
50 years$7,420$4,074$2,124$1,065$521$241

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 $2,340 every year, while hoping to spend $50,502 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: 28/47/25 Blend
70$7,600,000$7,600,000$7,600,000$7,600,000
71$8,377,614$7,974,814$7,857,014$8,546,730
72$9,178,397$8,311,846$8,066,490$9,017,477
73$10,059,167$8,663,700$8,281,291$9,518,323
74$11,028,029$9,031,049$8,501,542$10,055,401
75$12,093,915$9,414,597$8,727,370$10,631,848
76$13,266,664$9,815,082$8,958,906$11,251,097
77$14,557,116$10,233,274$9,196,283$11,916,907
78$15,977,219$10,669,980$9,439,635$12,633,398
79$17,540,133$11,126,047$9,689,100$13,405,083
80$19,260,361$11,602,358$9,944,820$14,236,910
81$21,153,883$12,099,839$10,206,936$15,134,302
82$23,238,307$12,619,459$10,475,597$16,103,210
83$25,533,034$13,162,232$10,750,949$17,150,157
84$28,059,442$13,729,220$11,033,144$18,282,303
85$30,841,088$14,321,535$11,322,338$19,507,504
86$33,903,929$14,940,340$11,618,686$20,834,385
87$37,276,567$15,586,854$11,922,349$22,272,412
88$40,990,519$16,262,352$12,233,490$23,831,982
89$45,080,514$16,968,169$12,552,274$25,524,512
90$49,584,820$17,705,703$12,878,869$27,362,544
91$54,545,608$18,476,419$13,213,447$29,359,854
92$60,009,344$19,281,848$13,556,182$31,531,583
93$66,027,235$20,123,596$13,907,252$33,894,366
94$72,655,704$21,003,343$14,266,836$36,466,491
95$79,956,928$21,922,849$14,635,117$39,268,056
96$87,999,423$22,883,957$15,012,281$42,321,160
97$96,858,689$23,888,596$15,398,518$45,650,100
98$106,617,925$24,938,786$15,794,018$49,281,593
99$117,368,812$26,036,646$16,198,976$53,245,023
100$129,212,379$27,184,390$16,613,590$57,572,706