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%19.3%
1 years$767,985$761,144$754,470$747,956$741,595$713,864
2 years$380,191$373,110$366,248$359,594$353,141$325,519
3 years$250,943$243,832$236,987$230,396$224,047$197,404
4 years$186,331$179,242$172,466$165,987$159,792$134,332
5 years$147,575$140,528$133,840$127,494$121,471$97,259
6 years$121,745$114,752$108,163$101,958$96,116$73,169
7 years$103,303$96,368$89,884$83,825$78,168$56,479
8 years$89,478$82,605$76,229$70,319$64,848$44,398
9 years$78,730$71,923$65,656$59,896$54,611$35,371
10 years$70,137$63,396$57,240$51,631$46,532$28,467
11 years$63,111$56,438$50,393$44,934$40,019$23,090
12 years$57,261$50,656$44,723$39,414$34,679$18,843
13 years$52,314$45,778$39,957$34,796$30,241$15,453
14 years$48,077$41,611$35,901$30,888$26,509$12,722
15 years$44,409$38,012$32,414$27,547$23,341$10,507
16 years$41,203$34,876$29,388$24,665$20,629$8,700
17 years$38,376$32,119$26,742$22,162$18,291$7,219
18 years$35,867$29,680$24,412$19,972$16,263$6,000
19 years$33,624$27,507$22,348$18,046$14,496$4,994
20 years$31,608$25,561$20,510$16,344$12,948$4,162
21 years$29,786$23,809$18,865$14,834$11,587$3,472
22 years$28,132$22,225$17,387$13,487$10,386$2,898
23 years$26,625$20,786$16,054$12,283$9,323$2,421
24 years$25,245$19,475$14,847$11,203$8,380$2,024
25 years$23,977$18,277$13,752$10,231$7,541$1,692
26 years$22,809$17,177$12,754$9,355$6,792$1,416
27 years$21,729$16,166$11,843$8,563$6,124$1,185
28 years$20,728$15,233$11,010$7,845$5,526$992
29 years$19,797$14,370$10,245$7,194$4,990$830
30 years$18,931$13,571$9,543$6,603$4,508$695
31 years$18,122$12,829$8,897$6,064$4,076$582
32 years$17,365$12,139$8,301$5,573$3,687$488
33 years$16,655$11,496$7,751$5,125$3,337$409
34 years$15,988$10,896$7,242$4,715$3,021$342
35 years$15,361$10,334$6,771$4,341$2,736$287
36 years$14,771$9,809$6,334$3,998$2,479$240
37 years$14,213$9,316$5,928$3,683$2,247$201
38 years$13,686$8,854$5,551$3,395$2,037$169
39 years$13,187$8,419$5,201$3,130$1,847$141
40 years$12,715$8,010$4,875$2,887$1,676$119
41 years$12,266$7,625$4,571$2,664$1,520$99
42 years$11,840$7,261$4,288$2,458$1,379$83
43 years$11,435$6,919$4,024$2,269$1,252$70
44 years$11,050$6,595$3,777$2,095$1,136$59
45 years$10,682$6,289$3,546$1,935$1,032$49
46 years$10,332$5,999$3,331$1,788$937$41
47 years$9,998$5,725$3,129$1,651$850$34
48 years$9,678$5,466$2,941$1,526$772$29
49 years$9,372$5,219$2,764$1,410$701$24
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 $4,264 every year, while hoping to spend $35,398 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: 74/5/21 Blend
70$9,300,000$9,300,000$9,300,000$9,300,000
71$10,252,998$9,760,098$9,615,948$10,959,656
72$11,261,141$10,200,680$9,900,419$11,870,198
73$12,370,928$10,661,664$10,193,234$12,863,038
74$13,592,689$11,144,012$10,494,634$13,950,177
75$14,937,808$11,648,733$10,804,868$15,141,006
76$16,418,826$12,176,883$11,124,194$16,445,864
77$18,049,566$12,729,569$11,452,873$17,876,137
78$19,845,255$13,307,952$11,791,178$19,444,364
79$21,822,676$13,913,246$12,139,388$21,164,354
80$24,000,320$14,546,726$12,497,788$23,051,315
81$26,398,562$15,209,726$12,866,674$25,121,999
82$29,039,858$15,903,644$13,246,349$27,394,854
83$31,948,947$16,629,947$13,637,126$29,890,203
84$35,153,095$17,390,170$14,039,325$32,630,428
85$38,682,345$18,185,922$14,453,277$35,640,186
86$42,569,802$19,018,891$14,879,320$38,946,637
87$46,851,949$19,890,843$15,317,804$42,579,698
88$51,568,986$20,803,633$15,769,088$46,572,327
89$56,765,212$21,759,200$16,233,542$50,960,833
90$62,489,443$22,759,580$16,711,545$55,785,213
91$68,795,472$23,806,905$17,203,487$61,089,531
92$75,742,577$24,903,410$17,709,771$66,922,331
93$83,396,081$26,051,439$18,230,810$73,337,095
94$91,827,967$27,253,445$18,767,028$80,392,746
95$101,117,557$28,512,002$19,318,861$88,154,200
96$111,352,266$29,829,807$19,886,760$96,692,978
97$122,628,417$31,209,688$20,471,187$106,087,882
98$135,052,159$32,654,606$21,072,615$116,425,731
99$148,740,465$34,167,668$21,691,534$127,802,184
100$163,822,239$35,752,130$22,328,446$140,322,639