Can I retire at age 71 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$801,017$793,882$786,921$780,126$773,492$745,751
2 years$396,543$389,158$382,000$375,061$368,329$340,681
3 years$261,736$254,319$247,180$240,305$233,683$206,997
4 years$194,346$186,951$179,883$173,126$166,665$141,144
5 years$153,922$146,572$139,597$132,978$126,696$102,407
6 years$126,982$119,687$112,815$106,343$100,250$77,211
7 years$107,746$100,513$93,750$87,431$81,530$59,736
8 years$93,326$86,158$79,507$73,343$67,637$47,070
9 years$82,117$75,016$68,480$62,472$56,960$37,592
10 years$73,154$66,123$59,702$53,852$48,533$30,331
11 years$65,826$58,866$52,561$46,867$41,740$24,666
12 years$59,723$52,835$46,646$41,109$36,171$20,183
13 years$54,564$47,747$41,675$36,293$31,542$16,597
14 years$50,145$43,401$37,446$32,217$27,649$13,703
15 years$46,319$39,647$33,808$28,732$24,345$11,349
16 years$42,975$36,376$30,652$25,726$21,516$9,424
17 years$40,027$33,501$27,892$23,115$19,078$7,843
18 years$37,409$30,956$25,462$20,831$16,963$6,538
19 years$35,070$28,690$23,309$18,823$15,119$5,459
20 years$32,967$26,660$21,392$17,047$13,505$4,563
21 years$31,067$24,833$19,677$15,472$12,085$3,818
22 years$29,342$23,180$18,135$14,067$10,833$3,197
23 years$27,770$21,680$16,744$12,811$9,724$2,679
24 years$26,330$20,313$15,486$11,685$8,740$2,247
25 years$25,008$19,063$14,343$10,671$7,865$1,885
26 years$23,790$17,916$13,302$9,757$7,084$1,582
27 years$22,663$16,861$12,352$8,931$6,387$1,328
28 years$21,619$15,888$11,483$8,183$5,763$1,115
29 years$20,649$14,988$10,686$7,504$5,204$937
30 years$19,745$14,155$9,954$6,887$4,702$787
31 years$18,901$13,381$9,280$6,325$4,251$661
32 years$18,111$12,661$8,658$5,813$3,846$556
33 years$17,371$11,990$8,084$5,345$3,480$467
34 years$16,676$11,364$7,553$4,918$3,151$393
35 years$16,022$10,779$7,062$4,527$2,854$330
36 years$15,406$10,231$6,606$4,170$2,586$278
37 years$14,824$9,717$6,183$3,842$2,344$233
38 years$14,275$9,234$5,790$3,541$2,125$196
39 years$13,754$8,781$5,425$3,265$1,927$165
40 years$13,261$8,354$5,085$3,011$1,748$139
41 years$12,794$7,953$4,768$2,778$1,586$117
42 years$12,350$7,574$4,472$2,564$1,439$98
43 years$11,927$7,216$4,197$2,367$1,306$83
44 years$11,525$6,879$3,939$2,186$1,185$69
45 years$11,142$6,559$3,699$2,018$1,076$58
46 years$10,776$6,257$3,474$1,864$977$49
47 years$10,428$5,971$3,264$1,723$887$41
48 years$10,094$5,701$3,067$1,592$806$35
49 years$9,776$5,444$2,883$1,471$732$29
50 years$9,471$5,200$2,710$1,360$665$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,700,000, adding $2,013 every year, while hoping to spend $26,338 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: 76/8/16 Blend
70$9,700,000$9,700,000$9,700,000$9,700,000
71$10,691,476$10,177,376$10,027,026$11,466,300
72$11,753,984$10,648,044$10,334,908$12,449,193
73$12,923,984$11,140,892$10,652,222$13,522,999
74$14,212,413$11,656,979$10,979,254$14,699,552
75$15,631,324$12,197,416$11,316,303$15,989,087
76$17,193,994$12,763,364$11,663,675$17,402,874
77$18,915,057$13,356,045$12,021,684$18,953,324
78$20,810,638$13,976,736$12,390,655$20,654,102
79$22,898,505$14,626,778$12,770,924$22,520,257
80$25,198,238$15,307,575$13,162,835$24,568,364
81$27,731,412$16,020,600$13,566,744$26,816,673
82$30,521,802$16,767,396$13,983,017$29,285,288
83$33,595,609$17,549,582$14,412,031$31,996,350
84$36,981,703$18,368,853$14,854,175$34,974,245
85$40,711,897$19,226,987$15,309,851$38,245,834
86$44,821,250$20,125,849$15,779,470$41,840,703
87$49,348,395$21,067,393$16,263,460$45,791,442
88$54,335,902$22,053,666$16,762,257$50,133,951
89$59,830,686$23,086,817$17,276,314$54,907,774
90$65,884,441$24,169,097$17,806,096$60,156,475
91$72,554,137$25,302,866$18,352,083$65,928,043
92$79,902,551$26,490,598$18,914,770$72,275,345
93$87,998,862$27,734,888$19,494,665$79,256,622
94$96,919,303$29,038,455$20,092,294$86,936,036
95$106,747,883$30,404,150$20,708,196$95,384,275
96$117,577,176$31,834,963$21,342,930$104,679,214
97$129,509,200$33,334,027$21,997,070$114,906,654
98$142,656,372$34,904,629$22,671,206$126,161,120
99$157,142,580$36,550,213$23,365,949$138,546,760
100$173,104,341$38,274,392$24,081,926$152,178,318