Can I retire at age 71 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$776,243$769,329$762,583$755,999$749,569$720,683
2 years$384,279$377,122$370,186$363,461$356,938$328,180
3 years$253,641$246,453$239,535$232,873$226,456$198,731
4 years$188,335$181,169$174,320$167,772$161,510$135,030
5 years$149,162$142,039$135,279$128,865$122,778$97,610
6 years$123,055$115,985$109,326$103,054$97,150$73,312
7 years$104,414$97,404$90,850$84,727$79,009$56,492
8 years$90,440$83,494$77,048$71,075$65,545$44,329
9 years$79,577$72,696$66,362$60,540$55,199$35,251
10 years$70,892$64,078$57,856$52,186$47,032$28,316
11 years$63,790$57,045$50,935$45,418$40,449$22,923
12 years$57,876$51,201$45,204$39,837$35,052$18,670
13 years$52,876$46,270$40,386$35,170$30,566$15,279
14 years$48,594$42,058$36,287$31,220$26,794$12,553
15 years$44,887$38,421$32,763$27,843$23,592$10,345
16 years$41,646$35,251$29,704$24,930$20,850$8,547
17 years$38,789$32,465$27,030$22,400$18,487$7,076
18 years$36,252$29,999$24,675$20,187$16,438$5,868
19 years$33,985$27,802$22,588$18,240$14,652$4,873
20 years$31,948$25,835$20,730$16,520$13,087$4,052
21 years$30,106$24,065$19,068$14,993$11,712$3,372
22 years$28,435$22,463$17,574$13,632$10,498$2,808
23 years$26,911$21,010$16,227$12,415$9,423$2,341
24 years$25,516$19,685$15,007$11,323$8,470$1,952
25 years$24,235$18,473$13,899$10,341$7,622$1,628
26 years$23,054$17,362$12,891$9,455$6,865$1,359
27 years$21,962$16,339$11,970$8,655$6,190$1,134
28 years$20,951$15,397$11,128$7,930$5,585$947
29 years$20,010$14,525$10,356$7,272$5,043$791
30 years$19,134$13,717$9,646$6,674$4,557$661
31 years$18,317$12,967$8,993$6,129$4,120$552
32 years$17,551$12,270$8,390$5,633$3,727$461
33 years$16,834$11,620$7,834$5,180$3,373$386
34 years$16,160$11,013$7,320$4,766$3,054$322
35 years$15,527$10,445$6,843$4,387$2,766$269
36 years$14,929$9,914$6,402$4,041$2,506$225
37 years$14,366$9,416$5,992$3,723$2,271$188
38 years$13,833$8,949$5,611$3,431$2,059$157
39 years$13,329$8,509$5,257$3,164$1,867$131
40 years$12,851$8,096$4,927$2,918$1,694$110
41 years$12,398$7,707$4,620$2,692$1,536$92
42 years$11,968$7,340$4,334$2,485$1,394$77
43 years$11,558$6,993$4,067$2,294$1,265$64
44 years$11,169$6,666$3,818$2,118$1,149$54
45 years$10,797$6,357$3,585$1,956$1,043$45
46 years$10,443$6,064$3,367$1,807$947$38
47 years$10,105$5,787$3,163$1,669$860$31
48 years$9,782$5,524$2,972$1,542$781$26
49 years$9,473$5,275$2,794$1,425$709$22
50 years$9,178$5,039$2,627$1,318$644$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,400,000, adding $6,413 every year, while hoping to spend $46,816 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: 47/26/27 Blend
70$9,400,000$9,400,000$9,400,000$9,400,000
71$10,365,415$9,867,215$9,721,515$10,772,126
72$11,372,875$10,300,897$9,997,374$11,493,124
73$12,481,528$10,754,260$10,280,905$12,270,217
74$13,701,644$11,228,219$10,572,316$13,112,861
75$15,044,543$11,723,733$10,871,820$14,027,240
76$16,522,695$12,241,805$11,179,635$15,020,148
77$18,149,843$12,783,486$11,495,985$16,099,050
78$19,941,128$13,349,877$11,821,101$17,272,156
79$21,913,233$13,942,131$12,155,218$18,548,485
80$24,084,544$14,561,457$12,498,579$19,937,957
81$26,475,317$15,209,118$12,851,431$21,451,480
82$29,107,875$15,886,441$13,214,030$23,101,046
83$32,006,814$16,594,812$13,586,636$24,899,847
84$35,199,239$17,335,687$13,969,517$26,862,392
85$38,715,014$18,110,589$14,362,949$29,004,643
86$42,587,049$18,921,112$14,767,212$31,344,158
87$46,851,610$19,768,928$15,182,596$33,900,258
88$51,548,658$20,655,789$15,609,396$36,694,201
89$56,722,228$21,583,529$16,047,917$39,749,378
90$62,420,843$22,554,070$16,498,470$43,091,534
91$68,697,975$23,569,426$16,961,375$46,749,002
92$75,612,545$24,631,705$17,436,958$50,752,967
93$83,229,485$25,743,118$17,925,556$55,137,756
94$91,620,342$26,905,981$18,427,513$59,941,154
95$100,863,963$28,122,720$18,943,180$65,204,759
96$111,047,231$29,395,877$19,472,920$70,974,366
97$122,265,889$30,728,115$20,017,104$77,300,395
98$134,625,444$32,122,227$20,576,111$84,238,358
99$148,242,158$33,581,135$21,150,330$91,849,380
100$163,244,153$35,107,905$21,740,160$100,200,767