Can I retire at age 71 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$891,854$883,910$876,159$868,594$861,207$857,578
2 years$441,512$433,289$425,320$417,593$410,099$406,435
3 years$291,417$283,159$275,210$267,556$260,183$256,599
4 years$216,385$208,152$200,283$192,759$185,565$182,086
5 years$171,377$163,194$155,427$148,057$141,064$137,702
6 years$141,382$133,260$125,608$118,403$111,619$108,378
7 years$119,965$111,911$104,381$97,345$90,776$87,658
8 years$103,910$95,929$88,524$81,661$75,307$72,312
9 years$91,429$83,523$76,245$69,557$63,420$60,546
10 years$81,450$73,622$66,472$59,959$54,037$51,284
11 years$73,291$65,541$58,521$52,182$46,473$43,840
12 years$66,496$58,826$51,936$45,771$40,273$37,757
13 years$60,752$53,162$46,401$40,409$35,119$32,717
14 years$55,832$48,322$41,692$35,870$30,785$28,496
15 years$51,572$44,143$37,642$31,990$27,105$24,926
16 years$47,848$40,501$34,128$28,644$23,956$21,883
17 years$44,566$37,300$31,055$25,736$21,241$19,271
18 years$41,651$34,467$28,349$23,193$18,886$17,017
19 years$39,047$31,943$25,953$20,957$16,834$15,061
20 years$36,706$29,683$23,818$18,981$15,036$13,357
21 years$34,590$27,649$21,908$17,226$13,456$11,867
22 years$32,670$25,809$20,192$15,663$12,061$10,559
23 years$30,919$24,139$18,643$14,264$10,827$9,409
24 years$29,316$22,616$17,242$13,010$9,731$8,393
25 years$27,844$21,224$15,970$11,881$8,757$7,495
26 years$26,487$19,948$14,811$10,864$7,888$6,700
27 years$25,233$18,773$13,753$9,944$7,112$5,994
28 years$24,071$17,690$12,785$9,111$6,417$5,366
29 years$22,991$16,688$11,898$8,355$5,794$4,807
30 years$21,984$15,760$11,082$7,667$5,235$4,309
31 years$21,044$14,899$10,332$7,042$4,733$3,864
32 years$20,165$14,097$9,640$6,472$4,282$3,467
33 years$19,341$13,350$9,001$5,951$3,875$3,112
34 years$18,567$12,653$8,410$5,476$3,508$2,795
35 years$17,839$12,001$7,863$5,041$3,178$2,511
36 years$17,153$11,391$7,355$4,642$2,879$2,256
37 years$16,505$10,819$6,884$4,277$2,609$2,027
38 years$15,893$10,282$6,447$3,942$2,366$1,823
39 years$15,314$9,777$6,040$3,635$2,145$1,639
40 years$14,765$9,302$5,661$3,353$1,946$1,474
41 years$14,245$8,854$5,309$3,093$1,765$1,326
42 years$13,750$8,433$4,980$2,855$1,602$1,193
43 years$13,280$8,035$4,673$2,635$1,454$1,073
44 years$12,832$7,659$4,386$2,433$1,320$966
45 years$12,405$7,303$4,118$2,247$1,198$869
46 years$11,998$6,967$3,868$2,076$1,088$782
47 years$11,610$6,649$3,634$1,918$988$704
48 years$11,239$6,347$3,415$1,772$897$634
49 years$10,884$6,061$3,210$1,638$815$571
50 years$10,545$5,790$3,018$1,514$740$514

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $10,800,000, adding $4,414 every year, while hoping to spend $34,944 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: 58/30/12 Blend
70$10,800,000$10,800,000$10,800,000$10,800,000
71$11,906,153$11,333,753$11,166,353$12,561,165
72$13,083,401$11,851,927$11,503,246$13,521,716
73$14,379,556$12,394,320$11,850,253$14,563,985
74$15,806,711$12,962,082$12,207,677$15,699,262
75$17,378,190$13,556,419$12,575,829$16,936,481
76$19,108,675$14,178,592$12,955,028$18,285,464
77$21,014,343$14,829,927$13,345,605$19,757,009
78$23,113,022$15,511,809$13,747,898$21,362,987
79$25,424,355$16,225,692$14,162,258$23,116,457
80$27,969,989$16,973,101$14,589,043$25,031,777
81$30,773,776$17,755,632$15,028,625$27,124,742
82$33,862,002$18,574,958$15,481,385$29,412,726
83$37,263,630$19,432,835$15,947,714$31,914,843
84$41,010,576$20,331,100$16,428,019$34,652,121
85$45,138,012$21,271,680$16,922,715$37,647,698
86$49,684,693$22,256,597$17,432,230$40,927,035
87$54,693,328$23,287,966$17,957,006$44,518,149
88$60,210,979$24,368,008$18,497,497$48,451,877
89$66,289,507$25,499,048$19,054,170$52,762,155
90$72,986,060$26,683,525$19,627,508$57,486,339
91$80,363,614$27,923,994$20,218,007$62,665,546
92$88,491,568$29,223,135$20,826,175$68,345,038
93$97,446,396$30,583,756$21,452,540$74,574,644
94$107,312,370$32,008,802$22,097,641$81,409,222
95$118,182,355$33,501,357$22,762,036$88,909,168
96$130,158,690$35,064,658$23,446,298$97,140,981
97$143,354,145$36,702,095$24,151,018$106,177,881
98$157,892,993$38,417,223$24,876,803$116,100,492
99$173,912,181$40,213,769$25,624,278$126,997,596
100$191,562,620$42,095,641$26,394,088$138,966,958