Can I retire at age 71 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$933,143$924,831$916,722$908,807$901,078$883,246
2 years$461,952$453,349$445,011$436,926$429,085$411,194
3 years$304,909$296,268$287,951$279,943$272,229$254,838
4 years$226,403$217,789$209,555$201,683$194,156$177,399
5 years$179,311$170,749$162,623$154,912$147,594$131,519
6 years$147,927$139,429$131,424$123,884$116,786$101,410
7 years$125,519$117,093$109,214$101,852$94,979$80,305
8 years$108,720$100,370$92,622$85,441$78,794$64,818
9 years$95,662$87,390$79,775$72,777$66,356$53,069
10 years$85,221$77,030$69,550$62,734$56,538$43,929
11 years$76,684$68,575$61,231$54,598$48,625$36,676
12 years$69,575$61,550$54,341$47,890$42,137$30,833
13 years$63,564$55,623$48,550$42,279$36,745$26,065
14 years$58,417$50,560$43,622$37,531$32,210$22,136
15 years$53,959$46,187$39,385$33,471$28,360$18,870
16 years$50,063$42,376$35,708$29,970$25,065$16,137
17 years$46,629$39,027$32,493$26,927$22,224$13,837
18 years$43,580$36,062$29,662$24,267$19,761$11,890
19 years$40,855$33,422$27,154$21,927$17,613$10,237
20 years$38,405$31,057$24,921$19,859$15,732$8,829
21 years$36,192$28,929$22,922$18,024$14,079$7,624
22 years$34,182$27,004$21,126$16,388$12,620$6,592
23 years$32,350$25,256$19,506$14,925$11,328$5,705
24 years$30,673$23,664$18,040$13,612$10,182$4,941
25 years$29,133$22,207$16,709$12,431$9,162$4,284
26 years$27,714$20,871$15,497$11,367$8,253$3,716
27 years$26,402$19,642$14,390$10,404$7,441$3,225
28 years$25,185$18,509$13,377$9,532$6,714$2,800
29 years$24,055$17,461$12,449$8,741$6,063$2,432
30 years$23,002$16,490$11,596$8,022$5,478$2,114
31 years$22,019$15,588$10,810$7,368$4,953$1,837
32 years$21,099$14,750$10,086$6,771$4,480$1,598
33 years$20,237$13,968$9,417$6,227$4,054$1,389
34 years$19,427$13,239$8,799$5,729$3,671$1,209
35 years$18,665$12,557$8,227$5,274$3,325$1,052
36 years$17,947$11,918$7,696$4,857$3,012$915
37 years$17,269$11,320$7,203$4,475$2,730$796
38 years$16,629$10,758$6,745$4,125$2,475$693
39 years$16,023$10,229$6,320$3,803$2,245$603
40 years$15,449$9,732$5,923$3,508$2,036$525
41 years$14,904$9,264$5,554$3,237$1,847$457
42 years$14,387$8,823$5,210$2,987$1,676$398
43 years$13,894$8,407$4,889$2,757$1,521$347
44 years$13,426$8,013$4,589$2,546$1,381$302
45 years$12,980$7,641$4,309$2,351$1,253$263
46 years$12,554$7,290$4,047$2,172$1,138$229
47 years$12,148$6,956$3,802$2,007$1,033$199
48 years$11,759$6,641$3,573$1,854$938$174
49 years$11,388$6,342$3,358$1,714$852$151
50 years$11,033$6,058$3,157$1,584$774$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,300,000, adding $6,236 every year, while hoping to spend $58,089 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: 51/30/19 Blend
70$11,300,000$11,300,000$11,300,000$11,300,000
71$12,459,032$11,860,132$11,684,982$13,028,661
72$13,668,047$12,379,473$12,014,623$13,941,305
73$14,998,435$12,922,314$12,353,360$14,926,500
74$16,462,514$13,489,746$12,701,436$15,996,409
75$18,073,858$14,082,910$13,059,101$17,159,069
76$19,847,422$14,703,003$13,426,612$18,423,313
77$21,799,685$15,351,277$13,804,229$19,798,848
78$23,948,806$16,029,042$14,192,224$21,296,345
79$26,314,792$16,737,673$14,590,871$22,927,534
80$28,919,690$17,478,608$15,000,454$24,705,315
81$31,787,792$18,253,354$15,421,263$26,643,873
82$34,945,866$19,063,488$15,853,596$28,758,806
83$38,423,410$19,910,664$16,297,756$31,067,273
84$42,252,924$20,796,613$16,754,058$33,588,147
85$46,470,225$21,723,149$17,222,821$36,342,190
86$51,114,776$22,692,172$17,704,374$39,352,245
87$56,230,066$23,705,671$18,199,053$42,643,446
88$61,864,015$24,765,732$18,707,204$46,243,449
89$68,069,430$25,874,538$19,229,180$50,182,689
90$74,904,498$27,034,376$19,765,344$54,494,660
91$82,433,341$28,247,645$20,316,067$59,216,227
92$90,726,616$29,516,854$20,881,730$64,387,967
93$99,862,185$30,844,634$21,462,722$70,054,543
94$109,925,848$32,233,741$22,059,443$76,265,122
95$121,012,152$33,687,062$22,672,302$83,073,833
96$133,225,287$35,207,623$23,301,719$90,540,266
97$146,680,063$36,798,593$23,948,124$98,730,028
98$161,502,998$38,463,294$24,611,955$107,715,357
99$177,833,513$40,205,204$25,293,664$117,575,795
100$195,825,242$42,027,970$25,993,713$128,398,925