Can I retire at age 71 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$983,651
2 years$515,097$505,504$496,207$487,192$478,448$457,299
3 years$339,987$330,352$321,079$312,149$303,547$283,000
4 years$252,449$242,844$233,663$224,886$216,493$196,705
5 years$199,940$190,393$181,332$172,734$164,574$145,602
6 years$164,946$155,470$146,543$138,137$130,222$112,086
7 years$139,959$130,563$121,778$113,570$105,905$88,609
8 years$121,228$111,917$103,277$95,271$87,859$71,397
9 years$106,667$97,444$88,953$81,150$73,990$58,350
10 years$95,025$85,892$77,551$69,952$63,043$48,211
11 years$85,506$76,465$68,275$60,879$54,219$40,175
12 years$77,579$68,630$60,592$53,399$46,985$33,708
13 years$70,877$62,022$54,135$47,143$40,972$28,440
14 years$65,137$56,376$48,641$41,849$35,916$24,103
15 years$60,167$51,501$43,916$37,322$31,623$20,504
16 years$55,823$47,251$39,816$33,417$27,949$17,498
17 years$51,993$43,516$36,231$30,025$24,781$14,971
18 years$48,593$40,211$33,074$27,059$22,034$12,837
19 years$45,555$37,267$30,278$24,450$19,640$11,028
20 years$42,823$34,630$27,788$22,144$17,542$9,489
21 years$40,355$32,257$25,559$20,097$15,698$8,175
22 years$38,115$30,111$23,557$18,273$14,071$7,052
23 years$36,072$28,162$21,751$16,642$12,631$6,089
24 years$34,202$26,386$20,116$15,178$11,353$5,262
25 years$32,485$24,762$18,631$13,862$10,216$4,550
26 years$30,902$23,272$17,279$12,674$9,202$3,938
27 years$29,439$21,902$16,045$11,601$8,297$3,409
28 years$28,083$20,638$14,916$10,629$7,486$2,953
29 years$26,822$19,470$13,881$9,747$6,760$2,559
30 years$25,648$18,387$12,930$8,945$6,108$2,218
31 years$24,552$17,382$12,054$8,216$5,522$1,923
32 years$23,526$16,447$11,246$7,550$4,995$1,668
33 years$22,565$15,575$10,501$6,943$4,521$1,447
34 years$21,662$14,762$9,811$6,388$4,093$1,256
35 years$20,812$14,001$9,173$5,881$3,707$1,090
36 years$20,012$13,289$8,581$5,416$3,359$946
37 years$19,256$12,622$8,032$4,990$3,044$821
38 years$18,542$11,995$7,521$4,600$2,760$713
39 years$17,867$11,406$7,047$4,241$2,503$619
40 years$17,226$10,852$6,605$3,912$2,270$537
41 years$16,619$10,330$6,193$3,609$2,060$467
42 years$16,042$9,838$5,810$3,331$1,869$405
43 years$15,493$9,374$5,451$3,075$1,696$352
44 years$14,971$8,935$5,117$2,839$1,540$306
45 years$14,473$8,520$4,805$2,622$1,398$266
46 years$13,998$8,128$4,513$2,422$1,269$231
47 years$13,545$7,757$4,240$2,237$1,152$200
48 years$13,112$7,405$3,984$2,068$1,046$174
49 years$12,698$7,071$3,745$1,911$950$151
50 years$12,302$6,755$3,521$1,766$863$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,600,000, adding $6,996 every year, while hoping to spend $48,145 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: 57/16/27 Blend
70$12,600,000$12,600,000$12,600,000$12,600,000
71$13,892,416$13,224,616$13,029,316$14,581,226
72$15,258,217$13,821,397$13,414,573$15,651,192
73$16,761,716$14,445,806$13,811,121$16,811,177
74$18,416,907$15,099,146$14,219,290$18,074,547
75$20,239,210$15,782,783$14,639,415$19,451,313
76$22,245,618$16,498,148$15,071,844$20,952,485
77$24,454,852$17,246,739$15,516,932$22,590,174
78$26,887,544$18,030,126$15,975,046$24,377,705
79$29,566,427$18,849,956$16,446,564$26,329,739
80$32,516,552$19,707,952$16,931,873$28,462,409
81$35,765,521$20,605,923$17,431,371$30,793,470
82$39,343,751$21,545,760$17,945,469$33,342,459
83$43,284,761$22,529,450$18,474,590$36,130,880
84$47,625,484$23,559,070$19,019,166$39,182,405
85$52,406,620$24,636,801$19,579,644$42,523,088
86$57,673,017$25,764,926$20,156,484$46,181,613
87$63,474,095$26,945,837$20,750,157$50,189,554
88$69,864,313$28,182,044$21,361,148$54,581,678
89$76,903,684$29,476,175$21,989,957$59,396,260
90$84,658,336$30,830,985$22,637,097$64,675,445
91$93,201,143$32,249,360$23,303,097$70,465,639
92$102,612,408$33,734,326$23,988,498$76,817,944
93$112,980,621$35,289,056$24,693,861$83,788,632
94$124,403,297$36,916,872$25,419,757$91,439,675
95$136,987,893$38,621,259$26,166,779$99,839,320
96$150,852,826$40,405,868$26,935,534$109,062,731
97$166,128,584$42,274,526$27,726,644$119,192,692
98$182,958,967$44,231,244$28,540,754$130,320,380
99$201,502,434$46,280,227$29,378,521$142,546,221
100$221,933,607$48,425,883$30,240,626$155,980,830