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%14.8%
1 years$792,759$785,698$778,808$772,084$765,517$750,368
2 years$392,455$385,146$378,062$371,194$364,532$349,333
3 years$259,038$251,697$244,631$237,828$231,274$216,500
4 years$192,342$185,024$178,029$171,341$164,947$150,711
5 years$152,335$145,061$138,158$131,607$125,390$111,733
6 years$125,673$118,453$111,652$105,247$99,217$86,154
7 years$106,636$99,477$92,783$86,529$80,690$68,223
8 years$92,364$85,270$78,688$72,587$66,940$55,067
9 years$81,270$74,243$67,774$61,828$56,373$45,086
10 years$72,400$65,441$59,087$53,297$48,033$37,320
11 years$65,147$58,259$52,019$46,384$41,310$31,159
12 years$59,108$52,290$46,165$40,685$35,798$26,194
13 years$54,001$47,255$41,246$35,919$31,217$22,144
14 years$49,628$42,953$37,060$31,885$27,364$18,806
15 years$45,842$39,239$33,460$28,435$24,094$16,031
16 years$42,532$36,001$30,336$25,461$21,294$13,709
17 years$39,614$33,155$27,605$22,876$18,881$11,755
18 years$37,024$30,637$25,200$20,616$16,788$10,102
19 years$34,708$28,394$23,069$18,629$14,963$8,697
20 years$32,627$26,385$21,172$16,872$13,366$7,500
21 years$30,747$24,577$19,474$15,312$11,961$6,477
22 years$29,040$22,941$17,948$13,922$10,721$5,600
23 years$27,483$21,457$16,572$12,679$9,624$4,846
24 years$26,059$20,104$15,326$11,564$8,650$4,198
25 years$24,750$18,866$14,195$10,561$7,784$3,639
26 years$23,544$17,731$13,165$9,657$7,011$3,157
27 years$22,430$16,687$12,225$8,839$6,321$2,740
28 years$21,396$15,724$11,365$8,098$5,704$2,379
29 years$20,436$14,834$10,576$7,426$5,150$2,066
30 years$19,541$14,009$9,851$6,816$4,654$1,796
31 years$18,706$13,243$9,184$6,260$4,207$1,561
32 years$17,925$12,531$8,569$5,753$3,806$1,357
33 years$17,192$11,867$8,001$5,290$3,444$1,180
34 years$16,504$11,247$7,475$4,867$3,118$1,027
35 years$15,857$10,668$6,989$4,481$2,825$893
36 years$15,247$10,125$6,538$4,127$2,559$777
37 years$14,671$9,617$6,119$3,802$2,319$677
38 years$14,127$9,139$5,731$3,504$2,103$589
39 years$13,613$8,690$5,369$3,231$1,907$513
40 years$13,125$8,268$5,032$2,980$1,730$446
41 years$12,662$7,871$4,719$2,750$1,569$389
42 years$12,222$7,496$4,426$2,538$1,424$338
43 years$11,804$7,142$4,153$2,343$1,292$295
44 years$11,406$6,808$3,899$2,163$1,173$257
45 years$11,027$6,492$3,661$1,998$1,065$223
46 years$10,665$6,193$3,438$1,845$967$195
47 years$10,320$5,910$3,230$1,705$878$169
48 years$9,990$5,642$3,036$1,575$797$148
49 years$9,675$5,388$2,853$1,456$724$128
50 years$9,373$5,146$2,682$1,346$658$112

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 $2,267 every year, while hoping to spend $22,023 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: 58/26/16 Blend
70$9,600,000$9,600,000$9,600,000$9,600,000
71$10,581,538$10,072,738$9,923,938$11,151,377
72$11,637,423$10,542,870$10,232,958$12,007,570
73$12,800,270$11,035,301$10,551,592$12,937,867
74$14,080,965$11,551,098$10,880,138$13,951,502
75$15,491,507$12,091,385$11,218,906$15,056,501
76$17,045,113$12,657,336$11,568,212$16,261,685
77$18,756,352$13,250,182$11,928,384$17,576,756
78$20,641,275$13,871,217$12,299,760$19,012,382
79$22,717,571$14,521,792$12,682,688$20,580,295
80$25,004,733$15,203,329$13,077,527$22,293,401
81$27,524,239$15,917,315$13,484,648$24,165,896
82$30,299,758$16,665,311$13,904,431$26,213,396
83$33,357,374$17,448,952$14,337,270$28,453,084
84$36,725,829$18,269,954$14,783,571$30,903,866
85$40,436,795$19,130,113$15,243,752$33,586,545
86$44,525,176$20,031,316$15,718,245$36,524,016
87$49,029,431$20,975,538$16,207,494$39,741,473
88$53,991,945$21,964,851$16,711,957$43,266,648
89$59,459,424$23,001,429$17,232,108$47,130,063
90$65,483,334$24,087,548$17,768,433$51,365,318
91$72,120,393$25,225,597$18,321,435$56,009,396
92$79,433,102$26,418,080$18,891,631$61,103,015
93$87,490,335$27,667,623$19,479,557$66,691,002
94$96,367,990$28,976,977$20,085,763$72,822,709
95$106,149,705$30,349,029$20,710,816$79,552,475
96$116,927,649$31,786,805$21,355,303$86,940,133
97$128,803,389$33,293,479$22,019,825$95,051,567
98$141,888,853$34,872,377$22,705,007$103,959,326
99$156,307,380$36,526,987$23,411,489$113,743,302
100$172,194,891$38,260,969$24,139,933$124,491,477