Can I retire at age 71 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$973,008
2 years$502,833$493,468$484,392$475,592$467,057$459,182
3 years$331,892$322,487$313,434$304,717$296,320$288,627
4 years$246,438$237,062$228,100$219,531$211,338$203,885
5 years$195,180$185,859$177,015$168,621$160,656$153,466
6 years$161,018$151,768$143,054$134,848$127,121$120,203
7 years$136,627$127,455$118,879$110,866$103,384$96,740
8 years$118,342$109,252$100,818$93,002$85,767$79,397
9 years$104,127$95,124$86,835$79,217$72,228$66,131
10 years$92,762$83,847$75,705$68,286$61,542$55,715
11 years$83,470$74,644$66,649$59,429$52,928$47,366
12 years$75,732$66,996$59,149$52,128$45,866$40,564
13 years$69,189$60,545$52,846$46,021$39,996$34,948
14 years$63,586$55,034$47,482$40,852$35,061$30,260
15 years$58,735$50,274$42,870$36,433$30,870$26,311
16 years$54,494$46,126$38,868$32,622$27,283$22,958
17 years$50,755$42,480$35,369$29,310$24,191$20,093
18 years$47,436$39,254$32,287$26,415$21,510$17,631
19 years$44,470$36,380$29,557$23,868$19,172$15,505
20 years$41,804$33,806$27,126$21,617$17,125$13,661
21 years$39,395$31,489$24,951$19,619$15,325$12,057
22 years$37,207$29,394$22,996$17,838$13,736$10,657
23 years$35,213$27,491$21,233$16,245$12,331$9,431
24 years$33,388$25,758$19,637$14,817$11,083$8,356
25 years$31,711$24,172$18,187$13,531$9,973$7,411
26 years$30,166$22,718$16,868$12,372$8,983$6,578
27 years$28,738$21,380$15,663$11,325$8,099$5,843
28 years$27,414$20,147$14,561$10,376$7,308$5,194
29 years$26,184$19,006$13,550$9,515$6,599$4,619
30 years$25,037$17,949$12,622$8,732$5,963$4,111
31 years$23,967$16,968$11,767$8,020$5,391$3,660
32 years$22,966$16,055$10,979$7,371$4,876$3,260
33 years$22,027$15,204$10,251$6,778$4,413$2,904
34 years$21,146$14,410$9,578$6,236$3,996$2,588
35 years$20,317$13,668$8,955$5,741$3,619$2,308
36 years$19,535$12,973$8,377$5,287$3,279$2,058
37 years$18,798$12,321$7,841$4,871$2,972$1,836
38 years$18,101$11,710$7,342$4,490$2,694$1,638
39 years$17,441$11,135$6,879$4,140$2,443$1,461
40 years$16,816$10,594$6,448$3,819$2,216$1,304
41 years$16,223$10,084$6,046$3,523$2,010$1,164
42 years$15,660$9,604$5,671$3,251$1,824$1,039
43 years$15,124$9,151$5,322$3,001$1,656$928
44 years$14,614$8,722$4,995$2,771$1,503$828
45 years$14,128$8,318$4,690$2,559$1,364$740
46 years$13,665$7,935$4,405$2,364$1,239$661
47 years$13,223$7,572$4,139$2,184$1,125$590
48 years$12,800$7,229$3,889$2,018$1,022$527
49 years$12,396$6,903$3,656$1,865$928$471
50 years$12,009$6,594$3,437$1,724$843$420

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,300,000, adding $4,337 every year, while hoping to spend $59,249 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: 37/34/29 Blend
70$12,300,000$12,300,000$12,300,000$12,300,000
71$13,559,074$12,907,174$12,716,524$13,943,095
72$14,879,059$13,476,585$13,079,487$14,797,506
73$16,331,696$14,071,911$13,452,623$15,714,096
74$17,930,455$14,694,360$13,836,212$16,703,075
75$19,690,174$15,345,196$14,230,537$17,771,031
76$21,627,205$16,025,744$14,635,893$18,925,191
77$23,759,565$16,737,391$15,052,581$20,173,487
78$26,107,107$17,481,589$15,480,909$21,524,624
79$28,691,706$18,259,861$15,921,193$22,988,161
80$31,537,467$19,073,802$16,373,760$24,574,590
81$34,670,950$19,925,080$16,838,943$26,295,440
82$38,121,424$20,815,446$17,317,085$28,163,368
83$41,921,139$21,746,732$17,808,537$30,192,285
84$46,105,631$22,720,858$18,313,658$32,397,473
85$50,714,060$23,739,834$18,832,821$34,795,728
86$55,789,577$24,805,769$19,366,403$37,405,509
87$61,379,732$25,920,870$19,914,795$40,247,108
88$67,536,920$27,087,448$20,478,397$43,342,834
89$74,318,879$28,307,926$21,057,617$46,717,216
90$81,789,234$29,584,844$21,652,876$50,397,228
91$90,018,095$30,920,861$22,264,607$54,412,535
92$99,082,720$32,318,762$22,893,250$58,795,764
93$109,068,245$33,781,468$23,539,261$63,582,807
94$120,068,484$35,312,038$24,203,104$68,813,145
95$132,186,819$36,913,678$24,885,258$74,530,219
96$145,537,171$38,589,745$25,586,211$80,781,824
97$160,245,079$40,343,759$26,306,466$87,620,552
98$176,448,882$42,179,408$27,046,537$95,104,281
99$194,301,026$44,100,556$27,806,953$103,296,704
100$213,969,500$46,111,253$28,588,256$112,267,925