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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$627,601$622,011$616,556$611,233$606,035$581,990
2 years$310,694$304,907$299,299$293,862$288,588$264,661
3 years$205,072$199,260$193,666$188,280$183,092$160,037
4 years$152,271$146,477$140,940$135,645$130,583$108,574
5 years$120,599$114,840$109,375$104,189$99,267$78,362
6 years$99,491$93,775$88,391$83,320$78,547$58,757
7 years$84,420$78,753$73,453$68,502$63,879$45,199
8 years$73,122$67,505$62,294$57,465$52,994$35,404
9 years$64,339$58,776$53,654$48,947$44,629$28,102
10 years$57,317$51,808$46,777$42,193$38,026$22,531
11 years$51,575$46,121$41,182$36,721$32,704$18,204
12 years$46,794$41,396$36,548$32,209$28,340$14,796
13 years$42,751$37,410$32,653$28,436$24,713$12,084
14 years$39,289$34,005$29,339$25,242$21,663$9,907
15 years$36,291$31,064$26,489$22,511$19,074$8,147
16 years$33,671$28,501$24,016$20,157$16,858$6,717
17 years$31,361$26,248$21,854$18,110$14,947$5,548
18 years$29,310$24,254$19,950$16,321$13,290$4,591
19 years$27,477$22,479$18,263$14,748$11,846$3,804
20 years$25,830$20,888$16,761$13,357$10,581$3,155
21 years$24,341$19,457$15,417$12,122$9,469$2,620
22 years$22,990$18,162$14,209$11,022$8,488$2,177
23 years$21,758$16,987$13,119$10,038$7,619$1,810
24 years$20,630$15,915$12,133$9,155$6,848$1,506
25 years$19,594$14,936$11,238$8,361$6,162$1,253
26 years$18,639$14,037$10,422$7,645$5,551$1,043
27 years$17,757$13,211$9,678$6,997$5,004$869
28 years$16,939$12,448$8,997$6,411$4,516$724
29 years$16,179$11,744$8,373$5,879$4,077$603
30 years$15,470$11,091$7,799$5,396$3,684$502
31 years$14,809$10,484$7,271$4,955$3,331$419
32 years$14,190$9,920$6,784$4,554$3,013$349
33 years$13,610$9,395$6,334$4,188$2,727$291
34 years$13,066$8,904$5,918$3,853$2,469$243
35 years$12,553$8,445$5,533$3,547$2,236$202
36 years$12,071$8,016$5,176$3,267$2,026$169
37 years$11,615$7,613$4,845$3,010$1,836$141
38 years$11,184$7,235$4,537$2,774$1,665$117
39 years$10,777$6,880$4,250$2,558$1,510$98
40 years$10,390$6,546$3,984$2,359$1,369$82
41 years$10,024$6,231$3,736$2,177$1,242$68
42 years$9,676$5,934$3,504$2,009$1,127$57
43 years$9,345$5,654$3,288$1,855$1,023$47
44 years$9,030$5,389$3,087$1,712$929$39
45 years$8,730$5,139$2,898$1,581$843$33
46 years$8,443$4,903$2,722$1,461$765$27
47 years$8,170$4,679$2,557$1,350$695$23
48 years$7,909$4,466$2,403$1,247$631$19
49 years$7,659$4,265$2,259$1,153$573$16
50 years$7,420$4,074$2,124$1,065$521$13

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 $5,246 every year, while hoping to spend $37,174 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: 47/34/19 Blend
70$7,600,000$7,600,000$7,600,000$7,600,000
71$8,380,611$7,977,811$7,860,011$8,729,067
72$9,195,881$8,329,171$8,083,769$9,323,773
73$10,093,062$8,696,502$8,313,776$9,964,725
74$11,080,470$9,080,546$8,550,204$10,659,634
75$12,167,269$9,482,084$8,793,226$11,413,557
76$13,363,553$9,901,929$9,043,022$12,232,051
77$14,680,448$10,340,936$9,299,776$13,121,218
78$16,130,211$10,799,999$9,563,676$14,087,762
79$17,726,350$11,280,056$9,834,916$15,139,051
80$19,483,746$11,782,088$10,113,695$16,283,184
81$21,418,801$12,307,122$10,400,216$17,529,061
82$23,549,583$12,856,236$10,694,688$18,886,466
83$25,896,007$13,430,558$10,997,326$20,366,159
84$28,480,013$14,031,269$11,308,350$21,979,967
85$31,325,781$14,659,607$11,627,986$23,740,901
86$34,459,952$15,316,869$11,956,465$25,663,266
87$37,911,885$16,004,414$12,294,025$27,762,802
88$41,713,931$16,723,664$12,640,908$30,056,818
89$45,901,740$17,476,112$12,997,367$32,564,361
90$50,514,594$18,263,318$13,363,655$35,306,383
91$55,595,782$19,086,920$13,740,037$38,305,943
92$61,193,005$19,948,632$14,126,782$41,588,409
93$67,358,829$20,850,252$14,524,166$45,181,704
94$74,151,176$21,793,662$14,932,472$49,116,556
95$81,633,878$22,780,833$15,351,992$53,426,785
96$89,877,273$23,813,833$15,783,023$58,149,619
97$98,958,872$24,894,828$16,225,871$63,326,035
98$108,964,088$26,026,086$16,680,849$69,001,145
99$119,987,046$27,209,985$17,148,279$75,224,610
100$132,131,467$28,449,017$17,628,488$82,051,106