Can I retire at age 71 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,007,465$998,491$989,735$981,190$972,845$960,290
2 years$498,745$489,456$480,454$471,726$463,260$450,629
3 years$329,194$319,865$310,886$302,239$293,911$281,597
4 years$244,435$235,135$226,245$217,746$209,620$197,717
5 years$193,593$184,348$175,575$167,250$159,350$147,893
6 years$159,709$150,534$141,891$133,751$126,088$115,091
7 years$135,516$126,419$117,912$109,964$102,543$92,010
8 years$117,379$108,364$99,999$92,246$85,069$74,999
9 years$103,281$94,350$86,129$78,573$71,641$62,029
10 years$92,008$83,165$75,089$67,731$61,042$51,881
11 years$82,791$74,037$66,107$58,946$52,498$43,781
12 years$75,116$66,452$58,669$51,704$45,493$37,210
13 years$68,627$60,053$52,416$45,647$39,671$31,810
14 years$63,069$54,586$47,096$40,520$34,776$27,325
15 years$58,257$49,866$42,522$36,137$30,619$23,567
16 years$54,051$45,751$38,552$32,357$27,061$20,395
17 years$50,343$42,135$35,081$29,072$23,994$17,700
18 years$47,051$38,934$32,024$26,200$21,335$15,399
19 years$44,109$36,084$29,317$23,674$19,016$13,425
20 years$41,464$33,531$26,906$21,441$16,986$11,725
21 years$39,074$31,233$24,748$19,459$15,200$10,256
22 years$36,905$29,155$22,809$17,693$13,625$8,984
23 years$34,927$27,268$21,060$16,113$12,230$7,878
24 years$33,116$25,548$19,477$14,696$10,993$6,915
25 years$31,453$23,976$18,040$13,421$9,892$6,076
26 years$29,921$22,533$16,731$12,272$8,910$5,342
27 years$28,504$21,206$15,536$11,233$8,033$4,700
28 years$27,191$19,983$14,443$10,292$7,249$4,138
29 years$25,971$18,851$13,440$9,438$6,545$3,645
30 years$24,834$17,803$12,519$8,661$5,914$3,212
31 years$23,772$16,830$11,671$7,955$5,347$2,831
32 years$22,779$15,925$10,889$7,311$4,837$2,497
33 years$21,848$15,081$10,167$6,723$4,377$2,203
34 years$20,974$14,293$9,500$6,186$3,963$1,944
35 years$20,152$13,557$8,882$5,694$3,590$1,715
36 years$19,376$12,867$8,309$5,244$3,252$1,514
37 years$18,645$12,221$7,777$4,832$2,948$1,337
38 years$17,954$11,614$7,283$4,454$2,672$1,181
39 years$17,299$11,044$6,823$4,106$2,423$1,043
40 years$16,679$10,508$6,395$3,788$2,198$921
41 years$16,091$10,002$5,997$3,495$1,994$814
42 years$15,532$9,526$5,625$3,225$1,809$719
43 years$15,001$9,076$5,278$2,977$1,642$635
44 years$14,495$8,651$4,955$2,749$1,491$561
45 years$14,013$8,250$4,652$2,539$1,353$496
46 years$13,554$7,870$4,370$2,345$1,229$438
47 years$13,115$7,511$4,105$2,166$1,116$387
48 years$12,696$7,170$3,858$2,002$1,013$342
49 years$12,295$6,847$3,626$1,850$920$303
50 years$11,911$6,540$3,409$1,710$836$268

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,200,000, adding $5,232 every year, while hoping to spend $40,727 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: 29/47/24 Blend
70$12,200,000$12,200,000$12,200,000$12,200,000
71$13,449,797$12,803,197$12,614,097$13,739,119
72$14,778,343$13,387,220$12,993,336$14,548,659
73$16,241,036$13,998,496$13,383,914$15,414,446
74$17,851,515$14,638,316$13,786,169$16,344,434
75$19,624,811$15,308,035$14,200,447$17,344,181
76$21,577,485$16,009,072$14,627,106$18,419,768
77$23,727,787$16,742,915$15,066,512$19,577,852
78$26,095,825$17,511,121$15,519,044$20,825,721
79$28,703,759$18,315,326$15,985,092$22,171,360
80$31,576,007$19,157,241$16,465,057$23,623,516
81$34,739,474$20,038,661$16,959,351$25,191,774
82$38,223,810$20,961,465$17,468,399$26,886,642
83$42,061,688$21,927,626$17,992,639$28,719,642
84$46,289,109$22,939,208$18,532,521$30,703,411
85$50,945,746$23,998,378$19,088,509$32,851,809
86$56,075,318$25,107,404$19,661,080$35,180,045
87$61,725,999$26,268,665$20,250,724$37,704,809
88$67,950,875$27,484,654$20,857,948$40,444,422
89$74,808,447$28,757,985$21,483,272$43,418,997
90$82,363,179$30,091,397$22,127,232$46,650,618
91$90,686,108$31,487,760$22,790,379$50,163,540
92$99,855,515$32,950,084$23,473,281$53,984,405
93$109,957,663$34,481,524$24,176,522$58,142,481
94$121,087,613$36,085,387$24,900,703$62,669,928
95$133,350,117$37,765,138$25,646,444$67,602,084
96$146,860,610$39,524,411$26,414,381$72,977,790
97$161,746,301$41,367,015$27,205,171$78,839,740
98$178,147,368$43,296,944$28,019,489$85,234,868
99$196,218,286$45,318,381$28,858,029$92,214,779
100$216,129,285$47,435,715$29,721,506$99,836,213