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%16.4%
1 years$817,533$810,251$803,146$796,211$789,440$768,796
2 years$404,719$397,182$389,877$382,794$375,924$355,266
3 years$267,133$259,563$252,276$245,260$238,501$218,476
4 years$198,353$190,806$183,592$176,696$170,101$150,863
5 years$157,096$149,594$142,475$135,719$129,308$110,910
6 years$129,600$122,155$115,141$108,536$102,317$84,776
7 years$109,968$102,586$95,683$89,233$83,211$66,529
8 years$95,251$87,935$81,147$74,856$69,032$53,200
9 years$83,810$76,563$69,892$63,760$58,135$43,140
10 years$74,662$67,487$60,933$54,962$49,534$35,357
11 years$67,183$60,079$53,644$47,833$42,601$29,221
12 years$60,955$53,924$47,608$41,956$36,917$24,310
13 years$55,689$48,731$42,535$37,041$32,192$20,333
14 years$51,179$44,296$38,218$32,881$28,219$17,080
15 years$47,274$40,465$34,505$29,324$24,847$14,399
16 years$43,861$37,126$31,284$26,257$21,960$12,174
17 years$40,852$34,191$28,467$23,591$19,471$10,319
18 years$38,180$31,594$25,987$21,261$17,313$8,764
19 years$35,793$29,281$23,790$19,211$15,431$7,456
20 years$33,647$27,210$21,833$17,399$13,783$6,352
21 years$31,708$25,345$20,082$15,791$12,335$5,419
22 years$29,947$23,658$18,509$14,357$11,056$4,627
23 years$28,342$22,127$17,090$13,076$9,925$3,955
24 years$26,873$20,732$15,805$11,926$8,920$3,383
25 years$25,524$19,456$14,639$10,891$8,027$2,895
26 years$24,280$18,285$13,577$9,958$7,231$2,479
27 years$23,131$17,209$12,607$9,115$6,519$2,124
28 years$22,065$16,216$11,720$8,351$5,882$1,821
29 years$21,075$15,297$10,906$7,658$5,311$1,561
30 years$20,152$14,447$10,159$7,029$4,799$1,339
31 years$19,291$13,657$9,471$6,455$4,339$1,148
32 years$18,485$12,922$8,836$5,932$3,925$985
33 years$17,729$12,238$8,251$5,455$3,552$845
34 years$17,020$11,599$7,709$5,019$3,216$726
35 years$16,352$11,001$7,207$4,621$2,913$623
36 years$15,723$10,442$6,742$4,255$2,639$535
37 years$15,130$9,917$6,311$3,921$2,392$459
38 years$14,569$9,425$5,910$3,614$2,169$394
39 years$14,038$8,962$5,537$3,332$1,966$339
40 years$13,535$8,527$5,190$3,074$1,784$291
41 years$13,058$8,117$4,866$2,836$1,618$250
42 years$12,604$7,730$4,565$2,617$1,468$214
43 years$12,173$7,365$4,283$2,416$1,333$184
44 years$11,763$7,020$4,021$2,231$1,210$158
45 years$11,372$6,695$3,775$2,060$1,098$136
46 years$10,999$6,386$3,546$1,903$997$117
47 years$10,643$6,095$3,331$1,758$905$100
48 years$10,302$5,818$3,130$1,624$822$86
49 years$9,977$5,556$2,942$1,501$747$74
50 years$9,666$5,307$2,766$1,388$678$64

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 $3,182 every year, while hoping to spend $39,110 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: 57/13/30 Blend
70$9,900,000$9,900,000$9,900,000$9,900,000
71$10,913,082$10,388,382$10,234,932$11,444,703
72$11,984,604$10,855,800$10,536,190$12,278,263
73$13,164,110$11,344,811$10,846,229$13,182,069
74$14,462,574$11,856,431$11,165,302$14,166,485
75$15,892,086$12,391,726$11,493,669$15,239,332
76$17,465,970$12,951,811$11,831,598$16,409,212
77$19,198,906$13,537,857$12,179,364$17,685,593
78$21,107,070$14,151,089$12,537,249$19,078,890
79$23,208,289$14,792,790$12,905,544$20,600,566
80$25,522,204$15,464,305$13,284,549$22,263,235
81$28,070,457$16,167,045$13,674,570$24,080,779
82$30,876,900$16,902,487$14,075,924$26,068,479
83$33,967,813$17,672,177$14,488,937$28,243,156
84$37,372,155$18,477,739$14,913,941$30,623,324
85$41,121,838$19,320,872$15,351,281$33,229,366
86$45,252,027$20,203,356$15,801,311$36,083,726
87$49,801,471$21,127,058$16,264,393$39,211,108
88$54,812,872$22,093,935$16,740,900$42,638,720
89$60,333,283$23,106,035$17,231,218$46,396,514
90$66,414,554$24,165,508$17,735,741$50,517,477
91$73,113,825$25,274,604$18,254,874$55,037,933
92$80,494,058$26,435,682$18,789,036$59,997,882
93$88,624,638$27,651,217$19,338,654$65,441,377
94$97,582,023$28,923,798$19,904,171$71,416,937
95$107,450,468$30,256,142$20,486,039$77,977,995
96$118,322,819$31,651,097$21,084,725$85,183,405
97$130,301,390$33,111,644$21,700,707$93,097,991
98$143,498,930$34,640,913$22,334,478$101,793,153
99$158,039,682$36,242,179$22,986,545$111,347,538
100$174,060,563$37,918,880$23,657,428$121,847,779