Can I retire at age 71 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$924,886$916,647$908,609$900,764$893,104$874,000
2 years$457,864$449,337$441,073$433,060$425,287$406,134
3 years$302,211$293,647$285,403$277,466$269,820$251,214
4 years$224,399$215,861$207,700$199,898$192,438$174,523
5 years$177,725$169,238$161,184$153,541$146,288$129,115
6 years$146,618$138,195$130,261$122,788$115,753$99,340
7 years$124,408$116,056$108,247$100,951$94,138$78,489
8 years$107,758$99,482$91,802$84,685$78,097$63,205
9 years$94,815$86,617$79,069$72,133$65,769$51,625
10 years$84,467$76,348$68,934$62,179$56,038$42,628
11 years$76,005$67,969$60,689$54,115$48,195$35,500
12 years$68,959$61,005$53,860$47,466$41,764$29,767
13 years$63,002$55,131$48,120$41,905$36,419$25,097
14 years$57,900$50,112$43,236$37,199$31,925$21,256
15 years$53,482$45,778$39,036$33,175$28,109$18,070
16 years$49,620$42,001$35,392$29,704$24,843$15,409
17 years$46,216$38,681$32,205$26,689$22,028$13,174
18 years$43,194$35,743$29,399$24,052$19,586$11,288
19 years$40,493$33,126$26,914$21,733$17,457$9,690
20 years$38,065$30,783$24,700$19,684$15,593$8,331
21 years$35,871$28,673$22,719$17,864$13,954$7,173
22 years$33,880$26,765$20,939$16,243$12,508$6,182
23 years$32,064$25,033$19,334$14,793$11,228$5,334
24 years$30,402$23,454$17,881$13,492$10,092$4,606
25 years$28,875$22,010$16,561$12,321$9,081$3,980
26 years$27,468$20,686$15,359$11,266$8,180$3,441
27 years$26,168$19,468$14,263$10,312$7,375$2,977
28 years$24,962$18,345$13,259$9,448$6,655$2,576
29 years$23,842$17,306$12,339$8,664$6,009$2,231
30 years$22,798$16,344$11,493$7,951$5,429$1,932
31 years$21,824$15,450$10,715$7,303$4,909$1,674
32 years$20,912$14,619$9,997$6,711$4,440$1,451
33 years$20,058$13,845$9,334$6,172$4,018$1,258
34 years$19,255$13,122$8,721$5,679$3,638$1,090
35 years$18,500$12,446$8,154$5,227$3,295$945
36 years$17,788$11,813$7,628$4,814$2,986$820
37 years$17,117$11,219$7,139$4,436$2,706$711
38 years$16,482$10,662$6,686$4,089$2,453$617
39 years$15,881$10,139$6,264$3,770$2,225$535
40 years$15,312$9,646$5,871$3,477$2,018$464
41 years$14,772$9,182$5,505$3,208$1,831$403
42 years$14,259$8,745$5,164$2,961$1,661$350
43 years$13,771$8,332$4,846$2,733$1,508$303
44 years$13,307$7,942$4,549$2,524$1,368$263
45 years$12,865$7,574$4,271$2,331$1,242$228
46 years$12,443$7,225$4,011$2,153$1,128$198
47 years$12,040$6,895$3,769$1,989$1,024$172
48 years$11,655$6,582$3,541$1,838$930$149
49 years$11,287$6,286$3,329$1,698$845$130
50 years$10,935$6,004$3,130$1,570$767$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,200,000, adding $6,595 every year, while hoping to spend $48,512 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: 40/49/11 Blend
70$11,200,000$11,200,000$11,200,000$11,200,000
71$12,349,203$11,755,603$11,582,003$12,802,260
72$13,557,205$12,280,011$11,918,383$13,646,541
73$14,886,798$12,828,489$12,264,407$14,553,998
74$16,350,332$13,402,166$12,620,345$15,534,579
75$17,961,416$14,002,222$12,986,477$16,594,922
76$19,735,047$14,629,897$13,363,090$17,742,307
77$21,687,747$15,286,488$13,750,479$18,984,718
78$23,837,724$15,973,353$14,148,947$20,330,913
79$26,205,040$16,691,915$14,558,805$21,790,503
80$28,811,802$17,443,667$14,980,374$23,374,037
81$31,682,371$18,230,171$15,413,981$25,093,092
82$34,843,587$19,053,065$15,859,964$26,960,380
83$38,325,031$19,914,063$16,318,671$28,989,862
84$42,159,295$20,814,963$16,790,457$31,196,869
85$46,382,295$21,757,648$17,275,689$33,598,242
86$51,033,608$22,744,091$17,774,744$36,212,484
87$56,156,845$23,776,361$18,288,006$39,059,926
88$61,800,062$24,856,622$18,815,874$42,162,909
89$68,016,218$25,987,145$19,358,755$45,545,991
90$74,863,666$27,170,310$19,917,067$49,236,166
91$82,406,713$28,408,608$20,491,242$53,263,108
92$90,716,220$29,704,651$21,081,720$57,659,447
93$99,870,273$31,061,178$21,688,957$62,461,062
94$109,954,921$32,481,056$22,313,417$67,707,412
95$121,064,986$33,967,291$22,955,579$73,441,893
96$133,304,960$35,523,033$23,615,936$79,712,240
97$146,789,988$37,151,584$24,294,993$86,570,965
98$161,646,959$38,856,404$24,993,267$94,075,838
99$178,015,699$40,641,118$25,711,292$102,290,417
100$196,050,294$42,509,527$26,449,614$111,284,641