Can I retire at age 71 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$759,727$752,960$746,358$739,913$733,621$724,454
2 years$376,103$369,098$362,310$355,728$349,343$340,119
3 years$248,244$241,210$234,438$227,918$221,638$212,643
4 years$184,328$177,315$170,611$164,202$158,074$149,378
5 years$145,988$139,017$132,401$126,123$120,165$111,794
6 years$120,436$113,518$107,000$100,862$95,083$87,045
7 years$102,192$95,332$88,917$82,924$77,328$69,628
8 years$88,516$81,717$75,409$69,563$64,151$56,788
9 years$77,884$71,149$64,950$59,252$54,024$46,995
10 years$69,383$62,715$56,625$51,076$46,031$39,330
11 years$62,433$55,831$49,851$44,451$39,588$33,210
12 years$56,645$50,111$44,242$38,990$34,307$28,244
13 years$51,751$45,286$39,527$34,422$29,916$24,161
14 years$47,560$41,164$35,515$30,556$26,224$20,768
15 years$43,932$37,604$32,066$27,251$23,090$17,924
16 years$40,759$34,501$29,072$24,400$20,407$15,522
17 years$37,963$31,774$26,455$21,923$18,094$13,481
18 years$35,481$29,360$24,150$19,757$16,088$11,737
19 years$33,262$27,211$22,108$17,852$14,340$10,240
20 years$31,268$25,286$20,289$16,169$12,809$8,950
21 years$29,466$23,553$18,662$14,674$11,462$7,834
22 years$27,830$21,986$17,200$13,342$10,274$6,867
23 years$26,338$20,563$15,881$12,151$9,223$6,027
24 years$24,973$19,266$14,688$11,082$8,290$5,294
25 years$23,719$18,080$13,604$10,121$7,460$4,655
26 years$22,563$16,992$12,617$9,254$6,719$4,096
27 years$21,495$15,992$11,716$8,471$6,058$3,607
28 years$20,505$15,069$10,891$7,761$5,466$3,178
29 years$19,585$14,216$10,135$7,117$4,936$2,802
30 years$18,727$13,425$9,441$6,532$4,460$2,471
31 years$17,927$12,691$8,801$5,999$4,032$2,180
32 years$17,178$12,009$8,212$5,513$3,647$1,924
33 years$16,476$11,372$7,667$5,070$3,301$1,699
34 years$15,817$10,778$7,164$4,664$2,989$1,500
35 years$15,196$10,223$6,698$4,294$2,707$1,325
36 years$14,612$9,703$6,266$3,955$2,453$1,171
37 years$14,060$9,216$5,864$3,644$2,223$1,035
38 years$13,539$8,758$5,492$3,358$2,015$914
39 years$13,045$8,328$5,145$3,097$1,827$808
40 years$12,578$7,924$4,823$2,856$1,658$715
41 years$12,134$7,543$4,522$2,635$1,504$632
42 years$11,713$7,183$4,242$2,432$1,365$559
43 years$11,312$6,844$3,980$2,245$1,238$494
44 years$10,931$6,524$3,736$2,073$1,124$437
45 years$10,568$6,221$3,508$1,914$1,020$387
46 years$10,221$5,935$3,295$1,768$927$342
47 years$9,890$5,664$3,096$1,634$841$302
48 years$9,574$5,407$2,909$1,510$764$268
49 years$9,272$5,163$2,734$1,395$694$237
50 years$8,982$4,932$2,571$1,290$630$209

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,200,000, adding $2,256 every year, while hoping to spend $59,648 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: 60/23/17 Blend
70$9,200,000$9,200,000$9,200,000$9,200,000
71$10,140,727$9,653,127$9,510,527$10,704,829
72$11,111,616$10,062,665$9,765,665$11,495,559
73$12,179,537$10,490,272$10,027,350$12,350,970
74$13,354,323$10,936,769$10,295,740$13,282,781
75$14,646,811$11,403,017$10,570,994$14,298,393
76$16,068,938$11,889,917$10,853,275$15,405,945
77$17,633,859$12,398,413$11,142,749$16,614,391
78$19,356,068$12,929,490$11,439,586$17,933,584
79$21,251,534$13,484,182$11,743,959$19,374,361
80$23,337,853$14,063,570$12,056,045$20,948,650
81$25,634,415$14,668,785$12,376,023$22,669,576
82$28,162,583$15,301,014$12,704,078$24,551,583
83$30,945,899$15,961,496$13,040,397$26,610,569
84$34,010,301$16,651,529$13,385,170$28,864,030
85$37,384,371$17,372,473$13,738,593$31,331,229
86$41,099,604$18,125,752$14,100,863$34,033,368
87$45,190,705$18,912,856$14,472,183$36,993,789
88$49,695,916$19,735,344$14,852,760$40,238,189
89$54,657,373$20,594,850$15,242,802$43,794,864
90$60,121,513$21,493,085$15,642,523$47,694,964
91$66,139,501$22,431,840$16,052,141$51,972,792
92$72,767,720$23,412,990$16,471,878$56,666,120
93$80,068,300$24,438,499$16,901,959$61,816,541
94$88,109,705$25,510,424$17,342,612$67,469,862
95$96,967,378$26,630,918$17,794,073$73,676,525
96$106,724,454$27,802,236$18,256,578$80,492,086
97$117,472,543$29,026,741$18,730,368$87,977,731
98$129,312,597$30,306,905$19,215,689$96,200,847
99$142,355,858$31,645,320$19,712,792$105,235,659
100$156,724,913$33,044,698$20,221,928$115,163,921