Can I retire at age 71 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$784,501$777,513$770,696$764,041$757,543$754,034
2 years$388,367$381,134$374,124$367,327$360,735$357,193
3 years$256,339$249,075$242,083$235,350$228,865$225,400
4 years$190,339$183,097$176,174$169,557$163,228$159,866
5 years$150,748$143,550$136,719$130,236$124,084$120,835
6 years$124,364$117,219$110,489$104,151$98,183$95,052
7 years$105,525$98,441$91,817$85,628$79,849$76,837
8 years$91,402$84,382$77,868$71,831$66,243$63,350
9 years$80,423$73,470$67,068$61,184$55,786$53,012
10 years$71,646$64,760$58,471$52,741$47,532$44,876
11 years$64,469$57,652$51,477$45,901$40,879$38,338
12 years$58,492$51,745$45,685$40,261$35,425$32,998
13 years$53,439$46,763$40,816$35,545$30,891$28,575
14 years$49,111$42,506$36,673$31,552$27,079$24,872
15 years$45,364$38,830$33,111$28,139$23,843$21,742
16 years$42,089$35,626$30,020$25,196$21,072$19,074
17 years$39,201$32,810$27,317$22,638$18,684$16,786
18 years$36,638$30,318$24,937$20,401$16,613$14,813
19 years$34,347$28,098$22,829$18,434$14,808$13,101
20 years$32,287$26,110$20,951$16,696$13,226$11,610
21 years$30,427$24,321$19,271$15,153$11,836$10,308
22 years$28,737$22,702$17,761$13,777$10,609$9,165
23 years$27,197$21,233$16,399$12,547$9,524$8,160
24 years$25,787$19,894$15,167$11,444$8,560$7,274
25 years$24,492$18,670$14,047$10,451$7,703$6,491
26 years$23,299$17,546$13,028$9,556$6,938$5,797
27 years$22,196$16,513$12,098$8,747$6,256$5,182
28 years$21,173$15,560$11,246$8,014$5,644$4,636
29 years$20,223$14,679$10,466$7,349$5,097$4,150
30 years$19,338$13,863$9,748$6,745$4,605$3,717
31 years$18,511$13,105$9,088$6,194$4,164$3,331
32 years$17,738$12,400$8,479$5,693$3,766$2,986
33 years$17,013$11,743$7,917$5,235$3,408$2,678
34 years$16,332$11,130$7,397$4,817$3,086$2,403
35 years$15,692$10,557$6,916$4,434$2,795$2,157
36 years$15,088$10,020$6,470$4,084$2,533$1,936
37 years$14,519$9,516$6,056$3,762$2,295$1,739
38 years$13,980$9,044$5,671$3,468$2,081$1,562
39 years$13,471$8,600$5,313$3,198$1,887$1,403
40 years$12,988$8,182$4,980$2,949$1,712$1,261
41 years$12,530$7,789$4,670$2,721$1,553$1,133
42 years$12,095$7,418$4,380$2,511$1,409$1,019
43 years$11,681$7,068$4,110$2,318$1,279$916
44 years$11,287$6,737$3,858$2,140$1,161$823
45 years$10,912$6,424$3,623$1,977$1,054$740
46 years$10,554$6,128$3,403$1,826$957$666
47 years$10,213$5,848$3,197$1,687$869$599
48 years$9,886$5,583$3,004$1,559$789$539
49 years$9,574$5,332$2,823$1,441$717$484
50 years$9,275$5,093$2,654$1,332$651$436

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,500,000, adding $5,696 every year, while hoping to spend $26,397 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: 36/38/26 Blend
70$9,500,000$9,500,000$9,500,000$9,500,000
71$10,474,875$9,971,375$9,824,125$10,769,847
72$11,515,227$10,431,887$10,125,147$11,449,207
73$12,660,809$10,914,078$10,435,369$12,179,309
74$13,922,328$11,418,984$10,755,070$12,967,010
75$15,311,580$11,947,690$11,084,540$13,817,499
76$16,841,566$12,501,331$11,424,077$14,736,467
77$18,526,608$13,081,099$11,773,986$15,730,152
78$20,382,491$13,688,242$12,134,584$16,805,400
79$22,426,609$14,324,070$12,506,196$17,969,720
80$24,678,128$14,989,954$12,889,158$19,231,354
81$27,158,168$15,687,332$13,283,816$20,599,345
82$29,890,002$16,417,713$13,690,525$22,083,624
83$32,899,277$17,182,675$14,109,652$23,695,094
84$36,214,254$17,983,877$14,541,576$25,445,729
85$39,866,075$18,823,054$14,986,686$27,348,679
86$43,889,057$19,702,026$15,445,382$29,418,394
87$48,321,018$20,622,702$15,918,079$31,670,747
88$53,203,630$21,587,083$16,405,203$34,123,184
89$58,582,815$22,597,265$16,907,193$36,794,876
90$64,509,178$23,655,447$17,424,500$39,706,896
91$71,038,484$24,763,934$17,957,590$42,882,414
92$78,232,185$25,925,141$18,506,945$46,346,898
93$86,157,998$27,141,603$19,073,057$50,128,358
94$94,890,546$28,415,975$19,656,438$54,257,594
95$104,512,065$29,751,041$20,257,611$58,768,480
96$115,113,173$31,149,719$20,877,119$63,698,276
97$126,793,731$32,615,070$21,515,517$69,087,969
98$139,663,786$34,150,302$22,173,381$74,982,649
99$153,844,604$35,758,779$22,851,301$81,431,925
100$169,469,822$37,444,028$23,549,888$88,490,384