Can I retire at age 71 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$668,890$662,932$657,119$651,446$645,905$634,683
2 years$331,134$324,967$318,990$313,195$307,574$296,304
3 years$218,563$212,369$206,408$200,667$195,138$184,171
4 years$162,289$156,114$150,212$144,569$139,174$128,595
5 years$128,533$122,395$116,571$111,043$105,798$95,637
6 years$106,036$99,945$94,206$88,802$83,714$73,983
7 years$89,974$83,934$78,286$73,009$68,082$58,784
8 years$77,932$71,947$66,393$61,245$56,481$47,613
9 years$68,572$62,642$57,184$52,168$47,565$39,123
10 years$61,087$55,216$49,854$44,969$40,528$32,504
11 years$54,968$49,156$43,891$39,136$34,855$27,240
12 years$49,872$44,120$38,952$34,328$30,205$22,989
13 years$45,564$39,871$34,801$30,306$26,339$19,512
14 years$41,874$36,242$31,269$26,903$23,089$16,638
15 years$38,679$33,108$28,232$23,992$20,329$14,242
16 years$35,886$30,376$25,596$21,483$17,967$12,231
17 years$33,424$27,975$23,291$19,302$15,931$10,532
18 years$31,239$25,850$21,262$17,395$14,165$9,091
19 years$29,285$23,957$19,464$15,718$12,625$7,862
20 years$27,529$22,262$17,863$14,236$11,277$6,810
21 years$25,943$20,737$16,431$12,920$10,092$5,908
22 years$24,502$19,357$15,144$11,747$9,046$5,131
23 years$23,189$18,104$13,983$10,698$8,120$4,462
24 years$21,987$16,962$12,931$9,757$7,299$3,883
25 years$20,883$15,918$11,977$8,911$6,568$3,382
26 years$19,866$14,961$11,108$8,148$5,916$2,948
27 years$18,925$14,080$10,315$7,458$5,334$2,571
28 years$18,053$13,267$9,589$6,833$4,813$2,243
29 years$17,243$12,516$8,923$6,266$4,346$1,958
30 years$16,488$11,820$8,312$5,751$3,927$1,710
31 years$15,783$11,174$7,749$5,281$3,550$1,494
32 years$15,124$10,573$7,230$4,854$3,211$1,305
33 years$14,506$10,013$6,751$4,463$2,906$1,141
34 years$13,925$9,490$6,307$4,107$2,631$998
35 years$13,379$9,001$5,897$3,781$2,383$872
36 years$12,865$8,543$5,516$3,482$2,159$763
37 years$12,379$8,114$5,163$3,208$1,957$667
38 years$11,920$7,711$4,835$2,957$1,774$584
39 years$11,486$7,333$4,530$2,726$1,609$511
40 years$11,074$6,976$4,246$2,515$1,459$447
41 years$10,683$6,641$3,981$2,320$1,324$391
42 years$10,312$6,325$3,735$2,141$1,201$342
43 years$9,960$6,026$3,504$1,977$1,090$300
44 years$9,624$5,744$3,290$1,825$990$262
45 years$9,304$5,477$3,089$1,685$898$230
46 years$8,999$5,225$2,901$1,557$816$201
47 years$8,708$4,987$2,726$1,438$741$176
48 years$8,429$4,760$2,561$1,329$673$154
49 years$8,163$4,546$2,407$1,228$611$135
50 years$7,908$4,342$2,263$1,135$555$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $8,100,000, adding $3,844 every year, while hoping to spend $54,696 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: 24/48/28 Blend
70$8,100,000$8,100,000$8,100,000$8,100,000
71$8,930,165$8,500,865$8,375,315$9,065,627
72$9,782,846$8,859,211$8,597,692$9,539,497
73$10,720,667$9,233,283$8,825,685$10,041,966
74$11,752,255$9,623,794$9,059,426$10,579,179
75$12,887,114$10,031,489$9,299,046$11,154,062
76$14,135,717$10,457,150$9,544,681$11,769,819
77$15,509,602$10,901,592$9,796,470$12,429,951
78$17,021,483$11,365,671$10,054,553$13,138,293
79$18,685,367$11,850,283$10,319,074$13,899,043
80$20,516,690$12,356,362$10,590,179$14,716,795
81$22,532,459$12,884,890$10,868,016$15,596,585
82$24,751,413$13,436,892$11,152,737$16,543,930
83$27,194,200$14,013,443$11,444,497$17,564,876
84$29,883,573$14,615,666$11,743,452$18,666,053
85$32,844,602$15,244,739$12,049,762$19,854,729
86$36,104,913$15,901,892$12,363,591$21,138,879
87$39,694,945$16,588,417$12,685,103$22,527,251
88$43,648,242$17,305,661$13,014,466$24,029,445
89$48,001,764$18,055,040$13,351,852$25,655,997
90$52,796,239$18,838,033$13,697,434$27,418,475
91$58,076,548$19,656,188$14,051,390$29,329,580
92$63,892,143$20,511,128$14,413,899$31,403,261
93$70,297,520$21,404,552$14,785,143$33,654,838
94$77,352,729$22,338,238$15,165,308$36,101,143
95$85,123,943$23,314,047$15,554,581$38,760,669
96$93,684,080$24,333,930$15,953,154$41,653,739
97$103,113,491$25,399,928$16,361,220$44,802,689
98$113,500,723$26,514,179$16,778,976$48,232,070
99$124,943,346$27,678,923$17,206,621$51,968,874
100$137,548,881$28,896,505$17,644,357$56,042,778