Can I retire at age 71 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$652,375$646,564$640,894$635,360$629,957$610,036
2 years$322,958$316,943$311,114$305,462$299,980$280,090
3 years$213,166$207,126$201,311$195,712$190,319$171,085
4 years$158,282$152,259$146,503$141,000$135,737$117,306
5 years$125,359$119,373$113,692$108,301$103,185$85,607
6 years$103,418$97,477$91,880$86,609$81,647$64,936
7 years$87,752$81,861$76,353$71,206$66,401$50,555
8 years$76,008$70,170$64,753$59,733$55,086$40,096
9 years$66,878$61,096$55,772$50,879$46,390$32,238
10 years$59,579$53,853$48,623$43,859$39,527$26,192
11 years$53,611$47,942$42,807$38,170$33,994$21,452
12 years$48,641$43,030$37,990$33,480$29,459$17,683
13 years$44,439$38,887$33,942$29,558$25,689$14,650
14 years$40,840$35,347$30,497$26,238$22,519$12,188
15 years$37,724$32,290$27,535$23,400$19,827$10,174
16 years$35,000$29,626$24,964$20,952$17,523$8,516
17 years$32,599$27,284$22,716$18,825$15,537$7,145
18 years$30,467$25,212$20,737$16,965$13,815$6,005
19 years$28,562$23,366$18,984$15,330$12,314$5,056
20 years$26,850$21,713$17,422$13,884$10,999$4,262
21 years$25,302$20,225$16,025$12,601$9,843$3,596
22 years$23,897$18,879$14,770$11,457$8,823$3,038
23 years$22,617$17,657$13,637$10,434$7,920$2,568
24 years$21,444$16,544$12,612$9,516$7,118$2,172
25 years$20,367$15,525$11,681$8,691$6,405$1,838
26 years$19,375$14,591$10,834$7,947$5,770$1,557
27 years$18,458$13,732$10,060$7,274$5,202$1,319
28 years$17,607$12,940$9,352$6,664$4,694$1,117
29 years$16,817$12,207$8,703$6,111$4,238$947
30 years$16,081$11,528$8,107$5,609$3,830$803
31 years$15,394$10,898$7,558$5,151$3,462$681
32 years$14,751$10,312$7,051$4,734$3,132$577
33 years$14,148$9,765$6,584$4,353$2,834$490
34 years$13,582$9,255$6,152$4,005$2,566$415
35 years$13,049$8,779$5,751$3,687$2,324$352
36 years$12,547$8,332$5,380$3,396$2,106$299
37 years$12,073$7,914$5,036$3,129$1,909$254
38 years$11,626$7,521$4,716$2,884$1,730$215
39 years$11,202$7,152$4,418$2,659$1,569$183
40 years$10,801$6,804$4,141$2,453$1,423$155
41 years$10,420$6,477$3,883$2,263$1,291$132
42 years$10,058$6,168$3,642$2,088$1,172$112
43 years$9,714$5,877$3,418$1,928$1,063$95
44 years$9,386$5,602$3,208$1,780$965$80
45 years$9,074$5,342$3,013$1,644$876$68
46 years$8,777$5,096$2,829$1,518$796$58
47 years$8,493$4,863$2,658$1,403$722$49
48 years$8,221$4,643$2,498$1,296$656$42
49 years$7,962$4,434$2,348$1,198$596$35
50 years$7,713$4,235$2,207$1,107$541$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $7,900,000, adding $4,028 every year, while hoping to spend $49,965 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: 40/45/15 Blend
70$7,900,000$7,900,000$7,900,000$7,900,000
71$8,709,955$8,291,255$8,168,805$9,019,322
72$9,545,208$8,644,364$8,389,297$9,592,259
73$10,463,982$9,013,101$8,615,502$10,206,498
74$11,474,744$9,398,178$8,847,557$10,869,909
75$12,586,822$9,800,343$9,085,604$11,586,979
76$13,810,493$10,220,376$9,329,788$12,362,629
77$15,157,084$10,659,094$9,580,256$13,202,261
78$16,639,071$11,117,355$9,837,159$14,111,802
79$18,270,204$11,596,053$10,100,651$15,097,759
80$20,065,632$12,096,126$10,370,890$16,167,279
81$22,042,047$12,618,557$10,648,036$17,328,206
82$24,217,843$13,164,373$10,932,252$18,589,160
83$26,613,286$13,734,651$11,223,705$19,959,609
84$29,250,709$14,330,517$11,522,567$21,449,954
85$32,154,719$14,953,150$11,829,012$23,071,628
86$35,352,433$15,603,787$12,143,216$24,837,192
87$38,873,728$16,283,719$12,465,360$26,760,457
88$42,751,529$16,994,302$12,795,630$28,856,603
89$47,022,114$17,736,952$13,134,214$31,142,321
90$51,725,462$18,513,155$13,481,302$33,635,964
91$56,905,625$19,324,466$13,837,092$36,357,714
92$62,611,146$20,172,512$14,201,782$39,329,768
93$68,895,517$21,058,998$14,575,575$42,576,543
94$75,817,681$21,985,711$14,958,678$46,124,896
95$83,442,593$22,954,519$15,351,302$50,004,375
96$91,841,828$23,967,381$15,753,661$54,247,487
97$101,094,260$25,026,348$16,165,974$58,890,003
98$111,286,804$26,133,569$16,588,464$63,971,283
99$122,515,236$27,291,292$17,021,356$69,534,643
100$134,885,100$28,501,875$17,464,881$75,627,755