Can I retire at age 71 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$792,759$785,698$778,808$772,084$765,517$752,526
2 years$392,455$385,146$378,062$371,194$364,532$351,483
3 years$259,038$251,697$244,631$237,828$231,274$218,574
4 years$192,342$185,024$178,029$171,341$164,947$152,694
5 years$152,335$145,061$138,158$131,607$125,390$113,619
6 years$125,673$118,453$111,652$105,247$99,217$87,942
7 years$106,636$99,477$92,783$86,529$80,690$69,914
8 years$92,364$85,270$78,688$72,587$66,940$56,660
9 years$81,270$74,243$67,774$61,828$56,373$46,585
10 years$72,400$65,441$59,087$53,297$48,033$38,727
11 years$65,147$58,259$52,019$46,384$41,310$32,476
12 years$59,108$52,290$46,165$40,685$35,798$27,426
13 years$54,001$47,255$41,246$35,919$31,217$23,293
14 years$49,628$42,953$37,060$31,885$27,364$19,875
15 years$45,842$39,239$33,460$28,435$24,094$17,025
16 years$42,532$36,001$30,336$25,461$21,294$14,631
17 years$39,614$33,155$27,605$22,876$18,881$12,608
18 years$37,024$30,637$25,200$20,616$16,788$10,890
19 years$34,708$28,394$23,069$18,629$14,963$9,425
20 years$32,627$26,385$21,172$16,872$13,366$8,170
21 years$30,747$24,577$19,474$15,312$11,961$7,093
22 years$29,040$22,941$17,948$13,922$10,721$6,166
23 years$27,483$21,457$16,572$12,679$9,624$5,365
24 years$26,059$20,104$15,326$11,564$8,650$4,673
25 years$24,750$18,866$14,195$10,561$7,784$4,073
26 years$23,544$17,731$13,165$9,657$7,011$3,553
27 years$22,430$16,687$12,225$8,839$6,321$3,101
28 years$21,396$15,724$11,365$8,098$5,704$2,708
29 years$20,436$14,834$10,576$7,426$5,150$2,366
30 years$19,541$14,009$9,851$6,816$4,654$2,068
31 years$18,706$13,243$9,184$6,260$4,207$1,808
32 years$17,925$12,531$8,569$5,753$3,806$1,581
33 years$17,192$11,867$8,001$5,290$3,444$1,383
34 years$16,504$11,247$7,475$4,867$3,118$1,210
35 years$15,857$10,668$6,989$4,481$2,825$1,059
36 years$15,247$10,125$6,538$4,127$2,559$927
37 years$14,671$9,617$6,119$3,802$2,319$812
38 years$14,127$9,139$5,731$3,504$2,103$711
39 years$13,613$8,690$5,369$3,231$1,907$623
40 years$13,125$8,268$5,032$2,980$1,730$545
41 years$12,662$7,871$4,719$2,750$1,569$478
42 years$12,222$7,496$4,426$2,538$1,424$418
43 years$11,804$7,142$4,153$2,343$1,292$366
44 years$11,406$6,808$3,899$2,163$1,173$321
45 years$11,027$6,492$3,661$1,998$1,065$281
46 years$10,665$6,193$3,438$1,845$967$246
47 years$10,320$5,910$3,230$1,705$878$216
48 years$9,990$5,642$3,036$1,575$797$189
49 years$9,675$5,388$2,853$1,456$724$166
50 years$9,373$5,146$2,682$1,346$658$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,600,000, adding $5,982 every year, while hoping to spend $48,329 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: 59/33/8 Blend
70$9,600,000$9,600,000$9,600,000$9,600,000
71$10,585,370$10,076,570$9,927,770$11,190,943
72$11,613,657$10,518,901$10,208,929$12,040,433
73$12,745,208$10,981,285$10,497,887$12,960,228
74$13,990,507$11,464,656$10,794,854$13,961,910
75$15,361,103$11,969,989$11,100,046$15,053,345
76$16,869,722$12,498,305$11,413,684$16,243,178
77$18,530,387$13,050,674$11,735,995$17,540,916
78$20,358,547$13,628,219$12,067,212$18,957,013
79$22,371,229$14,232,112$12,407,574$20,502,964
80$24,587,193$14,863,583$12,757,325$22,191,411
81$27,027,108$15,523,920$13,116,718$24,036,263
82$29,713,754$16,214,473$13,486,008$26,052,817
83$32,672,228$16,936,654$13,865,461$28,257,903
84$35,930,189$17,691,943$14,255,348$30,670,039
85$39,518,112$18,481,892$14,655,945$33,309,598
86$43,469,578$19,308,124$15,067,539$36,199,001
87$47,821,594$20,172,341$15,490,420$39,362,922
88$52,614,936$21,076,325$15,924,888$42,828,515
89$57,894,538$22,021,944$16,371,251$46,625,667
90$63,709,916$23,011,153$16,829,822$50,787,276
91$70,115,631$24,046,004$17,300,925$55,349,552
92$77,171,809$25,128,642$17,784,890$60,352,360
93$84,944,706$26,261,317$18,282,056$65,839,584
94$93,507,331$27,446,387$18,792,770$71,859,539
95$102,940,140$28,686,321$19,317,389$78,465,419
96$113,331,789$29,983,705$19,856,276$85,715,793
97$124,779,977$31,341,252$20,409,807$93,675,153
98$137,392,362$32,761,802$20,978,363$102,414,512
99$151,287,584$34,248,330$21,562,339$112,012,069
100$166,596,375$35,803,957$22,162,135$122,553,937