Can I retire at age 71 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$982,691$973,938$965,398$957,062$948,923$937,454
2 years$486,481$477,420$468,640$460,126$451,868$440,326
3 years$321,099$311,999$303,241$294,807$286,684$275,427
4 years$238,424$229,353$220,682$212,392$204,465$193,580
5 years$188,832$179,815$171,258$163,137$155,431$144,950
6 years$155,782$146,833$138,402$130,462$122,987$112,923
7 years$132,184$123,310$115,013$107,260$100,022$90,378
8 years$114,493$105,699$97,540$89,978$82,978$73,753
9 years$100,741$92,030$84,011$76,641$69,879$61,070
10 years$89,746$81,120$73,243$66,065$59,541$51,141
11 years$80,756$72,217$64,482$57,497$51,207$43,210
12 years$73,269$64,818$57,226$50,432$44,375$36,772
13 years$66,939$58,576$51,128$44,524$38,696$31,477
14 years$61,518$53,244$45,938$39,524$33,920$27,075
15 years$56,825$48,640$41,476$35,248$29,866$23,383
16 years$52,721$44,626$37,604$31,561$26,396$20,264
17 years$49,105$41,099$34,218$28,357$23,404$17,611
18 years$45,894$37,977$31,237$25,556$20,810$15,344
19 years$43,024$35,197$28,596$23,092$18,548$13,396
20 years$40,444$32,707$26,244$20,914$16,568$11,717
21 years$38,113$30,465$24,139$18,981$14,826$10,265
22 years$35,997$28,438$22,248$17,258$13,290$9,005
23 years$34,068$26,597$20,542$15,717$11,930$7,908
24 years$32,302$24,920$18,998$14,335$10,723$6,953
25 years$30,680$23,386$17,596$13,091$9,649$6,118
26 years$29,185$21,979$16,319$11,970$8,691$5,388
27 years$27,803$20,685$15,154$10,957$7,836$4,748
28 years$26,523$19,491$14,088$10,039$7,070$4,187
29 years$25,332$18,388$13,110$9,206$6,384$3,694
30 years$24,223$17,365$12,211$8,448$5,769$3,260
31 years$23,188$16,416$11,384$7,759$5,215$2,879
32 years$22,219$15,533$10,622$7,131$4,718$2,543
33 years$21,311$14,710$9,917$6,557$4,270$2,247
34 years$20,458$13,942$9,266$6,033$3,866$1,986
35 years$19,656$13,223$8,663$5,554$3,501$1,756
36 years$18,900$12,551$8,104$5,115$3,172$1,553
37 years$18,186$11,921$7,586$4,713$2,875$1,373
38 years$17,512$11,329$7,104$4,344$2,607$1,215
39 years$16,874$10,773$6,655$4,005$2,364$1,075
40 years$16,269$10,249$6,238$3,694$2,144$951
41 years$15,695$9,756$5,849$3,409$1,945$842
42 years$15,150$9,292$5,487$3,146$1,765$745
43 years$14,632$8,853$5,149$2,904$1,602$659
44 years$14,139$8,439$4,833$2,681$1,454$584
45 years$13,669$8,047$4,538$2,476$1,320$517
46 years$13,221$7,677$4,262$2,287$1,198$457
47 years$12,793$7,326$4,004$2,113$1,088$405
48 years$12,384$6,994$3,763$1,953$988$359
49 years$11,993$6,678$3,537$1,805$898$317
50 years$11,619$6,379$3,325$1,668$815$281

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $11,900,000, adding $5,432 every year, while hoping to spend $34,979 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: 32/48/20 Blend
70$11,900,000$11,900,000$11,900,000$11,900,000
71$13,119,403$12,488,703$12,304,253$13,457,675
72$14,420,365$13,063,432$12,679,228$14,286,033
73$15,852,852$13,665,151$13,065,593$15,174,098
74$17,430,244$14,295,144$13,463,691$16,129,926
75$19,167,283$14,954,760$13,873,878$17,159,469
76$21,080,213$15,645,410$14,296,520$18,269,242
77$23,186,934$16,368,575$14,731,993$19,466,380
78$25,507,172$17,125,806$15,180,686$20,758,701
79$28,062,662$17,918,729$15,642,997$22,154,770
80$30,877,356$18,749,049$16,119,340$23,663,978
81$33,977,646$19,618,551$16,610,137$25,296,618
82$37,392,615$20,529,110$17,115,827$27,063,981
83$41,154,313$21,482,688$17,636,858$28,978,449
84$45,298,055$22,481,342$18,173,695$31,053,608
85$49,862,758$23,527,229$18,726,815$33,304,367
86$54,891,306$24,622,609$19,296,710$35,747,088
87$60,430,956$25,769,854$19,883,887$38,399,734
88$66,533,784$26,971,447$20,488,867$41,282,028
89$73,257,175$28,229,993$21,112,188$44,415,629
90$80,664,365$29,548,220$21,754,405$47,824,326
91$88,825,039$30,928,993$22,416,087$51,534,251
92$97,815,989$32,375,310$23,097,822$55,574,116
93$107,721,836$33,890,316$23,800,215$59,975,472
94$118,635,831$35,477,309$24,523,890$64,772,991
95$130,660,734$37,139,745$25,269,489$70,004,784
96$143,909,785$38,881,248$26,037,672$75,712,744
97$158,507,771$40,705,618$26,829,122$81,942,932
98$174,592,206$42,616,835$27,644,540$88,745,990
99$192,314,627$44,619,076$28,484,649$96,177,609
100$211,842,027$46,716,719$29,350,192$104,299,035