Can I retire at age 71 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$842,306$834,804$827,484$820,339$813,362$797,919
2 years$416,983$409,217$401,691$394,394$387,315$371,817
3 years$275,228$267,428$259,921$252,692$245,729$230,658
4 years$204,364$196,588$189,156$182,050$175,256$160,729
5 years$161,856$154,127$146,793$139,832$133,227$119,285
6 years$133,527$125,857$118,630$111,825$105,418$92,077
7 years$113,300$105,694$98,582$91,937$85,733$72,996
8 years$98,137$90,599$83,606$77,124$71,124$58,987
9 years$86,349$78,883$72,009$65,692$59,896$48,353
10 years$76,925$69,532$62,779$56,628$51,035$40,074
11 years$69,219$61,900$55,270$49,283$43,892$33,500
12 years$62,802$55,558$49,051$43,228$38,036$28,199
13 years$57,377$50,208$43,824$38,164$33,168$23,871
14 years$52,730$45,638$39,376$33,877$29,075$20,300
15 years$48,707$41,691$35,551$30,213$25,600$17,329
16 years$45,190$38,251$32,232$27,052$22,625$14,840
17 years$42,090$35,227$29,330$24,306$20,061$12,742
18 years$39,337$32,552$26,775$21,905$17,837$10,966
19 years$36,878$30,169$24,511$19,793$15,899$9,456
20 years$34,667$28,034$22,495$17,926$14,201$8,167
21 years$32,669$26,113$20,691$16,269$12,708$7,063
22 years$30,855$24,375$19,070$14,792$11,391$6,116
23 years$29,201$22,798$17,608$13,472$10,225$5,301
24 years$27,688$21,360$16,284$12,287$9,191$4,599
25 years$26,297$20,045$15,082$11,221$8,270$3,993
26 years$25,016$18,839$13,988$10,260$7,450$3,469
27 years$23,831$17,730$12,989$9,391$6,716$3,016
28 years$22,734$16,707$12,075$8,604$6,060$2,623
29 years$21,713$15,761$11,237$7,890$5,472$2,282
30 years$20,763$14,885$10,467$7,241$4,945$1,987
31 years$19,875$14,071$9,758$6,651$4,470$1,730
32 years$19,045$13,314$9,104$6,112$4,044$1,507
33 years$18,267$12,609$8,501$5,621$3,660$1,312
34 years$17,536$11,950$7,943$5,172$3,313$1,144
35 years$16,848$11,334$7,426$4,761$3,001$997
36 years$16,200$10,758$6,947$4,384$2,719$869
37 years$15,588$10,218$6,502$4,040$2,464$757
38 years$15,010$9,710$6,089$3,723$2,234$660
39 years$14,463$9,234$5,704$3,433$2,026$576
40 years$13,945$8,785$5,347$3,167$1,838$502
41 years$13,453$8,363$5,014$2,922$1,667$438
42 years$12,986$7,964$4,703$2,696$1,513$382
43 years$12,542$7,588$4,413$2,489$1,373$333
44 years$12,119$7,233$4,142$2,298$1,246$291
45 years$11,716$6,898$3,890$2,122$1,131$253
46 years$11,332$6,580$3,653$1,961$1,027$221
47 years$10,965$6,279$3,432$1,811$933$193
48 years$10,615$5,994$3,225$1,674$847$168
49 years$10,279$5,724$3,032$1,547$769$147
50 years$9,959$5,468$2,850$1,430$699$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,200,000, adding $2,154 every year, while hoping to spend $47,771 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$10,200,000$10,200,000$10,200,000$10,200,000
71$11,242,622$10,702,022$10,543,922$12,057,384
72$12,338,541$11,175,593$10,846,315$13,069,589
73$13,544,643$11,670,768$11,157,238$14,172,832
74$14,872,117$12,188,555$11,476,925$15,381,077
75$16,333,288$12,730,010$11,805,618$16,704,777
76$17,941,742$13,296,239$12,143,564$18,155,443
77$19,712,446$13,888,401$12,491,020$19,745,750
78$21,661,892$14,507,709$12,848,246$21,489,655
79$23,808,253$15,155,435$13,215,510$23,402,531
80$26,171,554$15,832,910$13,593,088$25,501,305
81$28,773,859$16,541,529$13,981,263$27,804,622
82$31,639,483$17,282,754$14,380,326$30,333,015
83$34,795,217$18,058,116$14,790,573$33,109,102
84$38,270,584$18,869,219$15,212,312$36,157,793
85$42,098,115$19,717,742$15,645,857$39,506,528
86$46,313,659$20,605,447$16,091,529$43,185,530
87$50,956,716$21,534,178$16,549,659$47,228,094
88$56,070,815$22,505,868$17,020,587$51,670,893
89$61,703,923$23,522,540$17,504,662$56,554,327
90$67,908,896$24,586,317$18,002,240$61,922,903
91$74,743,977$25,699,420$18,513,689$67,825,648
92$82,273,351$26,864,180$19,039,386$74,316,575
93$90,567,743$28,083,035$19,579,716$81,455,189
94$99,705,093$29,358,544$20,135,076$89,307,043
95$109,771,285$30,693,385$20,705,873$97,944,362
96$120,860,961$32,090,365$21,292,525$107,446,714
97$133,078,413$33,552,428$21,895,459$117,901,765
98$146,538,569$35,082,655$22,515,115$129,406,100
99$161,368,075$36,684,277$23,151,943$142,066,133
100$177,706,492$38,360,679$23,806,406$155,999,110