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

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$767,985$761,144$754,470$747,956$741,595$713,581
2 years$380,191$373,110$366,248$359,594$353,141$325,242
3 years$250,943$243,832$236,987$230,396$224,047$197,142
4 years$186,331$179,242$172,466$165,987$159,792$134,085
5 years$147,575$140,528$133,840$127,494$121,471$97,029
6 years$121,745$114,752$108,163$101,958$96,116$72,956
7 years$103,303$96,368$89,884$83,825$78,168$56,283
8 years$89,478$82,605$76,229$70,319$64,848$44,217
9 years$78,730$71,923$65,656$59,896$54,611$35,206
10 years$70,137$63,396$57,240$51,631$46,532$28,315
11 years$63,111$56,438$50,393$44,934$40,019$22,952
12 years$57,261$50,656$44,723$39,414$34,679$18,719
13 years$52,314$45,778$39,957$34,796$30,241$15,340
14 years$48,077$41,611$35,901$30,888$26,509$12,620
15 years$44,409$38,012$32,414$27,547$23,341$10,416
16 years$41,203$34,876$29,388$24,665$20,629$8,618
17 years$38,376$32,119$26,742$22,162$18,291$7,145
18 years$35,867$29,680$24,412$19,972$16,263$5,935
19 years$33,624$27,507$22,348$18,046$14,496$4,936
20 years$31,608$25,561$20,510$16,344$12,948$4,110
21 years$29,786$23,809$18,865$14,834$11,587$3,426
22 years$28,132$22,225$17,387$13,487$10,386$2,858
23 years$26,625$20,786$16,054$12,283$9,323$2,385
24 years$25,245$19,475$14,847$11,203$8,380$1,992
25 years$23,977$18,277$13,752$10,231$7,541$1,665
26 years$22,809$17,177$12,754$9,355$6,792$1,391
27 years$21,729$16,166$11,843$8,563$6,124$1,163
28 years$20,728$15,233$11,010$7,845$5,526$973
29 years$19,797$14,370$10,245$7,194$4,990$814
30 years$18,931$13,571$9,543$6,603$4,508$681
31 years$18,122$12,829$8,897$6,064$4,076$570
32 years$17,365$12,139$8,301$5,573$3,687$477
33 years$16,655$11,496$7,751$5,125$3,337$399
34 years$15,988$10,896$7,242$4,715$3,021$334
35 years$15,361$10,334$6,771$4,341$2,736$280
36 years$14,771$9,809$6,334$3,998$2,479$234
37 years$14,213$9,316$5,928$3,683$2,247$196
38 years$13,686$8,854$5,551$3,395$2,037$164
39 years$13,187$8,419$5,201$3,130$1,847$138
40 years$12,715$8,010$4,875$2,887$1,676$115
41 years$12,266$7,625$4,571$2,664$1,520$96
42 years$11,840$7,261$4,288$2,458$1,379$81
43 years$11,435$6,919$4,024$2,269$1,252$68
44 years$11,050$6,595$3,777$2,095$1,136$57
45 years$10,682$6,289$3,546$1,935$1,032$47
46 years$10,332$5,999$3,331$1,788$937$40
47 years$9,998$5,725$3,129$1,651$850$33
48 years$9,678$5,466$2,941$1,526$772$28
49 years$9,372$5,219$2,764$1,410$701$23
50 years$9,080$4,986$2,599$1,304$637$20

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 $4,147 every year, while hoping to spend $44,953 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: 73/10/17 Blend
70$9,300,000$9,300,000$9,300,000$9,300,000
71$10,252,878$9,759,978$9,615,828$10,960,941
72$11,250,842$10,190,387$9,890,128$11,861,538
73$12,349,091$10,640,380$10,172,111$12,841,911
74$13,557,808$11,110,868$10,461,987$13,914,691
75$14,888,211$11,602,807$10,759,970$15,089,042
76$16,352,662$12,117,197$11,066,282$16,375,052
77$17,964,780$12,655,088$11,381,150$17,783,828
78$19,739,576$13,217,575$11,704,806$19,327,599
79$21,693,586$13,805,809$12,037,490$21,019,833
80$23,845,033$14,420,995$12,379,448$22,875,359
81$26,213,997$15,064,395$12,730,930$24,910,506
82$28,822,603$15,737,329$13,092,194$27,143,258
83$31,695,233$16,441,182$13,463,507$29,593,420
84$34,858,752$17,177,405$13,845,140$32,282,806
85$38,342,764$17,947,517$14,237,371$35,235,438
86$42,179,890$18,753,109$14,640,487$38,477,776
87$46,406,077$19,595,850$15,054,782$42,038,966
88$51,060,937$20,477,486$15,480,557$45,951,108
89$56,188,117$21,399,848$15,918,120$50,249,563
90$61,835,717$22,364,853$16,367,789$54,973,282
91$68,056,739$23,374,509$16,829,889$60,165,171
92$74,909,590$24,430,924$17,304,754$65,872,496
93$82,458,629$25,536,300$17,792,725$72,147,323
94$90,774,782$26,692,951$18,294,153$79,047,011
95$99,936,200$27,903,297$18,809,398$86,634,751
96$110,029,009$29,169,875$19,338,829$94,980,156
97$121,148,113$30,495,343$19,882,825$104,159,919
98$133,398,094$31,882,489$20,441,773$114,258,533
99$146,894,199$33,334,229$21,016,071$125,369,085
100$161,763,425$34,853,625$21,606,128$137,594,133