Can I retire at age 71 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$979,691
2 years$506,921$497,480$488,330$479,459$470,854$461,683
3 years$334,590$325,109$315,982$307,194$298,729$289,774
4 years$248,442$238,989$229,954$221,316$213,056$204,385
5 years$196,766$187,371$178,454$169,992$161,962$153,601
6 years$162,327$153,002$144,217$135,944$128,155$120,115
7 years$137,738$128,491$119,845$111,767$104,224$96,509
8 years$119,304$110,140$101,638$93,759$86,464$79,072
9 years$104,974$95,897$87,541$79,861$72,815$65,745
10 years$93,517$84,529$76,320$68,841$62,042$55,289
11 years$84,149$75,251$67,191$59,913$53,358$46,918
12 years$76,348$67,541$59,630$52,551$46,239$40,104
13 years$69,752$61,037$53,276$46,395$40,322$34,485
14 years$64,103$55,481$47,869$41,184$35,346$29,801
15 years$59,212$50,683$43,219$36,729$31,121$25,859
16 years$54,937$46,501$39,184$32,887$27,505$22,518
17 years$51,168$42,826$35,656$29,549$24,388$19,666
18 years$47,822$39,573$32,549$26,629$21,684$17,220
19 years$44,832$36,676$29,797$24,062$19,328$15,111
20 years$42,144$34,081$27,347$21,793$17,264$13,285
21 years$39,715$31,745$25,154$19,778$15,449$11,699
22 years$37,510$29,633$23,183$17,983$13,848$10,317
23 years$35,499$27,715$21,405$16,377$12,431$9,110
24 years$33,659$25,967$19,796$14,937$11,173$8,053
25 years$31,969$24,369$18,335$13,641$10,054$7,125
26 years$30,411$22,903$17,005$12,473$9,056$6,309
27 years$28,972$21,554$15,791$11,417$8,165$5,591
28 years$27,637$20,310$14,680$10,460$7,368$4,958
29 years$26,397$19,160$13,661$9,592$6,653$4,399
30 years$25,241$18,095$12,724$8,803$6,011$3,905
31 years$24,162$17,106$11,863$8,085$5,435$3,468
32 years$23,153$16,186$11,068$7,431$4,916$3,081
33 years$22,207$15,328$10,334$6,833$4,449$2,739
34 years$21,318$14,527$9,656$6,287$4,028$2,435
35 years$20,482$13,779$9,027$5,787$3,648$2,165
36 years$19,694$13,078$8,445$5,330$3,306$1,926
37 years$18,951$12,421$7,904$4,911$2,996$1,714
38 years$18,248$11,805$7,402$4,527$2,716$1,525
39 years$17,583$11,225$6,935$4,174$2,463$1,357
40 years$16,953$10,680$6,500$3,850$2,234$1,208
41 years$16,355$10,166$6,095$3,552$2,027$1,076
42 years$15,787$9,682$5,717$3,278$1,839$958
43 years$15,247$9,225$5,365$3,026$1,669$853
44 years$14,733$8,793$5,036$2,794$1,515$759
45 years$14,243$8,385$4,729$2,580$1,375$676
46 years$13,776$7,999$4,441$2,383$1,249$603
47 years$13,330$7,634$4,172$2,202$1,134$537
48 years$12,904$7,287$3,921$2,035$1,030$478
49 years$12,497$6,959$3,685$1,880$935$426
50 years$12,107$6,648$3,465$1,738$850$379

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,400,000, adding $3,100 every year, while hoping to spend $47,344 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: 55/33/12 Blend
70$12,400,000$12,400,000$12,400,000$12,400,000
71$13,667,998$13,010,798$12,818,598$14,377,640
72$15,011,760$13,597,953$13,197,647$15,446,446
73$16,490,999$14,212,292$13,587,808$16,604,188
74$18,119,484$14,855,098$13,989,402$17,863,663
75$19,912,385$15,527,712$14,402,762$19,234,573
76$21,886,422$16,231,543$14,828,227$20,727,581
77$24,060,013$16,968,065$15,266,149$22,354,405
78$26,453,459$17,738,824$15,716,889$24,127,927
79$29,089,124$18,545,439$16,180,817$26,062,312
80$31,991,655$19,389,606$16,658,316$28,173,132
81$35,188,211$20,273,104$17,149,777$30,477,511
82$38,708,719$21,197,796$17,655,604$32,994,284
83$42,586,154$22,165,634$18,176,212$35,744,165
84$46,856,856$23,178,664$18,712,030$38,749,940
85$51,560,867$24,239,030$19,263,494$42,036,676
86$56,742,312$25,348,980$19,831,058$45,631,952
87$62,449,815$26,510,867$20,415,186$49,566,111
88$68,736,957$27,727,161$21,016,356$53,872,542
89$75,662,782$29,000,446$21,635,059$58,587,987
90$83,292,352$30,333,434$22,271,799$63,752,884
91$91,697,364$31,728,965$22,927,098$69,411,735
92$100,956,828$33,190,017$23,601,488$75,613,524
93$111,157,807$34,719,710$24,295,520$82,412,170
94$122,396,242$36,321,315$25,009,759$89,867,025
95$134,777,858$37,998,259$25,744,785$98,043,428
96$148,419,161$39,754,135$26,501,196$107,013,310
97$163,448,536$41,592,708$27,279,607$116,855,867
98$180,007,462$43,517,926$28,080,650$127,658,293
99$198,251,845$45,533,926$28,904,973$139,516,596
100$218,353,489$47,645,044$29,753,245$152,536,490