Can I retire at age 71 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$817,533$810,251$803,146$796,211$789,440$779,252
2 years$404,719$397,182$389,877$382,794$375,924$365,674
3 years$267,133$259,563$252,276$245,260$238,501$228,509
4 years$198,353$190,806$183,592$176,696$170,101$160,443
5 years$157,096$149,594$142,475$135,719$129,308$120,012
6 years$129,600$122,155$115,141$108,536$102,317$93,394
7 years$109,968$102,586$95,683$89,233$83,211$74,664
8 years$95,251$87,935$81,147$74,856$69,032$60,860
9 years$83,810$76,563$69,892$63,760$58,135$50,335
10 years$74,662$67,487$60,933$54,962$49,534$42,100
11 years$67,183$60,079$53,644$47,833$42,601$35,527
12 years$60,955$53,924$47,608$41,956$36,917$30,195
13 years$55,689$48,731$42,535$37,041$32,192$25,813
14 years$51,179$44,296$38,218$32,881$28,219$22,174
15 years$47,274$40,465$34,505$29,324$24,847$19,124
16 years$43,861$37,126$31,284$26,257$21,960$16,550
17 years$40,852$34,191$28,467$23,591$19,471$14,363
18 years$38,180$31,594$25,987$21,261$17,313$12,496
19 years$35,793$29,281$23,790$19,211$15,431$10,894
20 years$33,647$27,210$21,833$17,399$13,783$9,515
21 years$31,708$25,345$20,082$15,791$12,335$8,323
22 years$29,947$23,658$18,509$14,357$11,056$7,290
23 years$28,342$22,127$17,090$13,076$9,925$6,393
24 years$26,873$20,732$15,805$11,926$8,920$5,612
25 years$25,524$19,456$14,639$10,891$8,027$4,930
26 years$24,280$18,285$13,577$9,958$7,231$4,335
27 years$23,131$17,209$12,607$9,115$6,519$3,814
28 years$22,065$16,216$11,720$8,351$5,882$3,358
29 years$21,075$15,297$10,906$7,658$5,311$2,958
30 years$20,152$14,447$10,159$7,029$4,799$2,606
31 years$19,291$13,657$9,471$6,455$4,339$2,298
32 years$18,485$12,922$8,836$5,932$3,925$2,026
33 years$17,729$12,238$8,251$5,455$3,552$1,787
34 years$17,020$11,599$7,709$5,019$3,216$1,577
35 years$16,352$11,001$7,207$4,621$2,913$1,392
36 years$15,723$10,442$6,742$4,255$2,639$1,229
37 years$15,130$9,917$6,311$3,921$2,392$1,085
38 years$14,569$9,425$5,910$3,614$2,169$958
39 years$14,038$8,962$5,537$3,332$1,966$846
40 years$13,535$8,527$5,190$3,074$1,784$748
41 years$13,058$8,117$4,866$2,836$1,618$660
42 years$12,604$7,730$4,565$2,617$1,468$583
43 years$12,173$7,365$4,283$2,416$1,333$516
44 years$11,763$7,020$4,021$2,231$1,210$456
45 years$11,372$6,695$3,775$2,060$1,098$403
46 years$10,999$6,386$3,546$1,903$997$356
47 years$10,643$6,095$3,331$1,758$905$314
48 years$10,302$5,818$3,130$1,624$822$278
49 years$9,977$5,556$2,942$1,501$747$246
50 years$9,666$5,307$2,766$1,388$678$217

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,900,000, adding $5,198 every year, while hoping to spend $43,337 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: 56/38/6 Blend
70$9,900,000$9,900,000$9,900,000$9,900,000
71$10,915,162$10,390,462$10,237,012$11,512,191
72$11,982,398$10,853,484$10,533,841$12,377,782
73$13,157,040$11,337,742$10,839,162$13,314,758
74$14,449,997$11,844,231$11,153,213$14,334,155
75$15,873,290$12,373,992$11,476,240$15,443,822
76$17,440,166$12,928,117$11,808,493$16,652,384
77$19,165,218$13,507,750$12,150,233$17,969,321
78$21,064,529$14,114,088$12,501,725$19,405,050
79$23,155,821$14,748,388$12,863,242$20,971,027
80$25,458,619$15,411,964$13,235,066$22,679,841
81$27,994,442$16,106,194$13,617,484$24,545,341
82$30,786,998$16,832,521$14,010,793$26,582,750
83$33,862,415$17,592,457$14,415,297$28,808,814
84$37,249,481$18,387,587$14,831,310$31,241,951
85$40,979,920$19,219,571$15,259,151$33,902,419
86$45,088,690$20,090,149$15,699,151$36,812,507
87$49,614,313$21,001,143$16,151,649$39,996,733
88$54,599,237$21,954,462$16,616,993$43,482,077
89$60,090,237$22,952,109$17,095,540$47,298,225
90$66,138,858$23,996,179$17,587,657$51,477,845
91$72,801,900$25,088,870$18,093,722$56,056,888
92$80,141,954$26,232,485$18,614,122$61,074,924
93$88,227,993$27,429,437$19,149,255$66,575,503
94$97,136,022$28,682,253$19,699,529$72,606,562
95$106,949,796$29,993,583$20,265,363$79,220,872
96$117,761,611$31,366,204$20,847,188$86,476,523
97$129,673,174$32,803,027$21,445,447$94,437,468
98$142,796,562$34,307,099$22,060,594$103,174,117
99$157,255,283$35,881,619$22,693,096$112,763,992
100$173,185,437$37,529,934$23,343,430$123,292,449