Can I retire at age 71 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$767,985$761,144$754,470$747,956$741,595$714,998
2 years$380,191$373,110$366,248$359,594$353,141$326,632
3 years$250,943$243,832$236,987$230,396$224,047$198,461
4 years$186,331$179,242$172,466$165,987$159,792$135,323
5 years$147,575$140,528$133,840$127,494$121,471$98,184
6 years$121,745$114,752$108,163$101,958$96,116$74,027
7 years$103,303$96,368$89,884$83,825$78,168$57,273
8 years$89,478$82,605$76,229$70,319$64,848$45,129
9 years$78,730$71,923$65,656$59,896$54,611$36,042
10 years$70,137$63,396$57,240$51,631$46,532$29,080
11 years$63,111$56,438$50,393$44,934$40,019$23,649
12 years$57,261$50,656$44,723$39,414$34,679$19,351
13 years$52,314$45,778$39,957$34,796$30,241$15,913
14 years$48,077$41,611$35,901$30,888$26,509$13,138
15 years$44,409$38,012$32,414$27,547$23,341$10,881
16 years$41,203$34,876$29,388$24,665$20,629$9,036
17 years$38,376$32,119$26,742$22,162$18,291$7,520
18 years$35,867$29,680$24,412$19,972$16,263$6,269
19 years$33,624$27,507$22,348$18,046$14,496$5,234
20 years$31,608$25,561$20,510$16,344$12,948$4,375
21 years$29,786$23,809$18,865$14,834$11,587$3,661
22 years$28,132$22,225$17,387$13,487$10,386$3,066
23 years$26,625$20,786$16,054$12,283$9,323$2,569
24 years$25,245$19,475$14,847$11,203$8,380$2,154
25 years$23,977$18,277$13,752$10,231$7,541$1,807
26 years$22,809$17,177$12,754$9,355$6,792$1,517
27 years$21,729$16,166$11,843$8,563$6,124$1,273
28 years$20,728$15,233$11,010$7,845$5,526$1,069
29 years$19,797$14,370$10,245$7,194$4,990$898
30 years$18,931$13,571$9,543$6,603$4,508$755
31 years$18,122$12,829$8,897$6,064$4,076$634
32 years$17,365$12,139$8,301$5,573$3,687$533
33 years$16,655$11,496$7,751$5,125$3,337$448
34 years$15,988$10,896$7,242$4,715$3,021$377
35 years$15,361$10,334$6,771$4,341$2,736$317
36 years$14,771$9,809$6,334$3,998$2,479$266
37 years$14,213$9,316$5,928$3,683$2,247$224
38 years$13,686$8,854$5,551$3,395$2,037$188
39 years$13,187$8,419$5,201$3,130$1,847$158
40 years$12,715$8,010$4,875$2,887$1,676$133
41 years$12,266$7,625$4,571$2,664$1,520$112
42 years$11,840$7,261$4,288$2,458$1,379$94
43 years$11,435$6,919$4,024$2,269$1,252$79
44 years$11,050$6,595$3,777$2,095$1,136$67
45 years$10,682$6,289$3,546$1,935$1,032$56
46 years$10,332$5,999$3,331$1,788$937$47
47 years$9,998$5,725$3,129$1,651$850$40
48 years$9,678$5,466$2,941$1,526$772$33
49 years$9,372$5,219$2,764$1,410$701$28
50 years$9,080$4,986$2,599$1,304$637$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,300,000, adding $4,346 every year, while hoping to spend $49,048 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: 75/15/10 Blend
70$9,300,000$9,300,000$9,300,000$9,300,000
71$10,253,083$9,760,183$9,616,033$11,003,364
72$11,246,711$10,186,245$9,885,983$11,924,479
73$12,340,045$10,631,541$10,163,333$12,926,994
74$13,543,203$11,096,960$10,448,279$14,024,235
75$14,867,334$11,583,436$10,741,021$15,225,584
76$16,324,723$12,091,944$11,041,765$16,541,369
77$17,928,904$12,623,509$11,350,724$17,982,960
78$19,694,792$13,179,201$11,668,113$19,562,874
79$21,638,821$13,760,142$11,994,155$21,294,894
80$23,779,098$14,367,506$12,329,076$23,194,194
81$26,135,576$15,002,524$12,673,111$25,277,483
82$28,730,243$15,666,485$13,026,497$27,563,161
83$31,587,323$16,360,739$13,389,481$30,071,488
84$34,733,513$17,086,699$13,762,312$32,824,778
85$38,198,230$17,845,845$14,145,248$35,847,603
86$42,013,888$18,639,730$14,538,552$39,167,024
87$46,216,205$19,469,977$14,942,494$42,812,847
88$50,844,541$20,338,289$15,357,350$46,817,899
89$55,942,267$21,246,448$15,783,404$51,218,337
90$61,557,176$22,196,322$16,220,946$56,053,985
91$67,741,932$23,189,866$16,670,272$61,368,709
92$74,554,571$24,229,131$17,131,688$67,210,828
93$82,059,042$25,316,263$17,605,504$73,633,569
94$90,325,816$26,453,512$18,092,040$80,695,563
95$99,432,549$27,643,233$18,591,623$88,461,395
96$109,464,813$28,887,896$19,104,587$97,002,217
97$120,516,908$30,190,087$19,631,275$106,396,408
98$132,692,748$31,552,516$20,172,037$116,730,317
99$146,106,841$32,978,022$20,727,233$128,099,069
100$160,885,373$34,469,580$21,297,231$140,607,463