Can I retire at age 71 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$985,129
2 years$511,009$501,492$492,268$483,326$474,651$462,937
3 years$337,289$327,731$318,530$309,671$301,138$289,711
4 years$250,446$240,917$231,808$223,101$214,774$203,723
5 years$198,353$188,882$179,893$171,363$163,268$152,624
6 years$163,636$154,236$145,380$137,040$129,188$118,966
7 years$138,848$129,527$120,812$112,668$105,065$95,267
8 years$120,266$111,029$102,458$94,515$87,161$77,788
9 years$105,820$96,670$88,247$80,506$73,402$64,449
10 years$94,271$85,210$76,936$69,397$62,543$54,004
11 years$84,827$75,858$67,733$60,396$53,789$45,657
12 years$76,963$68,086$60,111$52,975$46,612$38,878
13 years$70,314$61,530$53,705$46,769$40,647$33,302
14 years$64,620$55,929$48,255$41,516$35,631$28,664
15 years$59,690$51,092$43,567$37,025$31,372$24,772
16 years$55,380$46,876$39,500$33,152$27,727$21,482
17 years$51,581$43,171$35,944$29,787$24,584$18,683
18 years$48,208$39,892$32,812$26,844$21,859$16,289
19 years$45,193$36,971$30,038$24,256$19,484$14,232
20 years$42,484$34,356$27,567$21,968$17,403$12,458
21 years$40,035$32,001$25,356$19,938$15,574$10,922
22 years$37,812$29,872$23,370$18,128$13,960$9,588
23 years$35,786$27,938$21,578$16,509$12,531$8,427
24 years$33,931$26,176$19,956$15,058$11,263$7,415
25 years$32,227$24,565$18,483$13,752$10,135$6,530
26 years$30,657$23,087$17,142$12,574$9,129$5,755
27 years$29,205$21,728$15,918$11,509$8,231$5,076
28 years$27,860$20,474$14,798$10,545$7,427$4,479
29 years$26,609$19,315$13,771$9,670$6,706$3,955
30 years$25,445$18,241$12,827$8,874$6,060$3,494
31 years$24,357$17,244$11,958$8,150$5,478$3,088
32 years$23,340$16,316$11,157$7,490$4,956$2,730
33 years$22,386$15,452$10,418$6,888$4,485$2,414
34 years$21,490$14,645$9,734$6,338$4,061$2,135
35 years$20,647$13,890$9,100$5,834$3,678$1,889
36 years$19,853$13,184$8,513$5,373$3,332$1,672
37 years$19,103$12,522$7,968$4,951$3,020$1,480
38 years$18,395$11,900$7,462$4,563$2,738$1,311
39 years$17,725$11,316$6,991$4,207$2,483$1,160
40 years$17,089$10,766$6,552$3,881$2,252$1,028
41 years$16,487$10,248$6,144$3,580$2,043$910
42 years$15,914$9,760$5,763$3,304$1,854$806
43 years$15,370$9,299$5,408$3,050$1,683$714
44 years$14,852$8,864$5,077$2,816$1,527$633
45 years$14,358$8,453$4,767$2,601$1,387$561
46 years$13,887$8,064$4,477$2,403$1,259$497
47 years$13,438$7,695$4,206$2,220$1,143$440
48 years$13,008$7,346$3,953$2,051$1,038$390
49 years$12,597$7,015$3,715$1,896$943$346
50 years$12,204$6,701$3,493$1,752$856$306

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,500,000, adding $3,140 every year, while hoping to spend $40,860 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: 70/8/22 Blend
70$12,500,000$12,500,000$12,500,000$12,500,000
71$13,778,239$13,115,739$12,921,989$14,667,011
72$15,140,145$13,714,935$13,311,401$15,860,273
73$16,639,595$14,342,123$13,712,489$17,160,891
74$18,290,577$14,998,630$14,125,600$18,583,599
75$20,108,502$15,685,849$14,551,094$20,140,483
76$22,110,352$16,405,239$14,989,339$21,844,849
77$24,314,841$17,158,329$15,440,714$23,711,349
78$26,742,589$17,946,720$15,905,612$25,756,111
79$29,416,317$18,772,094$16,384,434$27,996,896
80$32,361,064$19,636,209$16,877,595$30,453,261
81$35,604,420$20,540,911$17,385,522$33,146,741
82$39,176,788$21,488,133$17,908,654$36,101,051
83$43,111,670$22,479,901$18,447,444$39,342,307
84$47,445,984$23,518,339$19,002,357$42,899,273
85$52,220,411$24,605,675$19,573,872$46,803,624
86$57,479,780$25,744,240$20,162,484$51,090,252
87$63,273,490$26,936,481$20,768,700$55,797,584
88$69,655,978$28,184,961$21,393,044$60,967,945
89$76,687,231$29,492,367$22,036,054$66,647,958
90$84,433,352$30,861,515$22,698,285$72,888,978
91$92,967,183$32,295,359$23,380,307$79,747,573
92$102,368,997$33,796,993$24,082,708$87,286,058
93$112,727,249$35,369,660$24,806,094$95,573,078
94$124,139,416$37,016,761$25,551,086$104,684,255
95$136,712,915$38,741,861$26,318,325$114,702,894
96$150,566,116$40,548,696$27,108,473$125,720,769
97$165,829,461$42,441,183$27,922,208$137,838,988
98$182,646,693$44,423,428$28,760,229$151,168,938
99$201,176,216$46,499,736$29,623,257$165,833,336
100$221,592,586$48,674,620$30,512,032$181,967,383