Can I retire at age 71 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,013,224
2 years$531,449$521,552$511,959$502,659$493,637$470,174
3 years$350,780$340,840$331,272$322,058$313,184$290,403
4 years$260,463$250,553$241,081$232,025$223,365$201,443
5 years$206,287$196,437$187,089$178,217$169,799$148,797
6 years$170,182$160,405$151,195$142,522$134,356$114,296
7 years$144,402$134,708$125,644$117,175$109,267$90,153
8 years$125,077$115,470$106,556$98,295$90,648$72,471
9 years$110,053$100,537$91,777$83,726$76,339$59,087
10 years$98,042$88,619$80,013$72,172$65,044$48,699
11 years$88,220$78,892$70,442$62,812$55,940$40,479
12 years$80,042$70,809$62,516$55,094$48,477$33,875
13 years$73,127$63,991$55,854$48,640$42,273$28,504
14 years$67,205$58,166$50,185$43,177$37,056$24,092
15 years$62,077$53,136$45,310$38,506$32,627$20,438
16 years$57,595$48,751$41,080$34,478$28,836$17,392
17 years$53,644$44,898$37,381$30,978$25,568$14,837
18 years$50,136$41,488$34,124$27,918$22,734$12,685
19 years$47,001$38,450$31,239$25,226$20,263$10,865
20 years$44,183$35,730$28,670$22,847$18,099$9,320
21 years$41,637$33,281$26,371$20,735$16,197$8,006
22 years$39,325$31,067$24,305$18,853$14,518$6,884
23 years$37,217$29,056$22,441$17,170$13,032$5,926
24 years$35,288$27,224$20,754$15,660$11,714$5,105
25 years$33,516$25,548$19,223$14,302$10,541$4,400
26 years$31,883$24,011$17,828$13,077$9,495$3,796
27 years$30,373$22,597$16,555$11,969$8,560$3,276
28 years$28,974$21,293$15,390$10,966$7,724$2,828
29 years$27,674$20,088$14,322$10,056$6,975$2,443
30 years$26,462$18,971$13,340$9,229$6,302$2,110
31 years$25,331$17,934$12,436$8,476$5,698$1,824
32 years$24,273$16,969$11,603$7,790$5,154$1,577
33 years$23,281$16,070$10,834$7,164$4,664$1,363
34 years$22,349$15,230$10,123$6,591$4,223$1,179
35 years$21,473$14,446$9,464$6,067$3,825$1,020
36 years$20,647$13,711$8,853$5,588$3,466$882
37 years$19,868$13,022$8,287$5,149$3,141$763
38 years$19,131$12,376$7,760$4,746$2,848$660
39 years$18,434$11,768$7,270$4,376$2,582$571
40 years$17,773$11,197$6,815$4,036$2,342$494
41 years$17,146$10,658$6,390$3,724$2,125$428
42 years$16,551$10,150$5,994$3,436$1,928$370
43 years$15,985$9,671$5,624$3,172$1,750$321
44 years$15,446$9,219$5,280$2,929$1,588$277
45 years$14,932$8,791$4,957$2,705$1,442$240
46 years$14,443$8,386$4,656$2,499$1,309$208
47 years$13,975$8,003$4,374$2,309$1,189$180
48 years$13,528$7,640$4,111$2,133$1,080$156
49 years$13,101$7,296$3,864$1,971$981$135
50 years$12,693$6,969$3,632$1,822$891$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,000,000, adding $5,586 every year, while hoping to spend $25,940 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: 55/40/5 Blend
70$13,000,000$13,000,000$13,000,000$13,000,000
71$14,331,762$13,642,762$13,441,262$15,105,115
72$15,766,002$14,283,657$13,863,944$16,267,751
73$17,345,665$14,955,087$14,299,917$17,529,513
74$19,085,556$15,658,520$14,749,598$18,902,528
75$21,001,992$16,395,497$15,213,418$20,397,355
76$23,112,950$17,167,631$15,691,823$22,025,589
77$25,438,241$17,976,615$16,185,269$23,799,973
78$27,999,697$18,824,224$16,694,231$25,734,507
79$30,821,374$19,712,319$17,219,196$27,844,579
80$33,929,781$20,642,851$17,760,666$30,147,100
81$37,354,133$21,617,864$18,319,162$32,660,661
82$41,126,619$22,639,503$18,895,218$35,405,702
83$45,282,712$23,710,018$19,489,387$38,404,693
84$49,861,505$24,831,765$20,102,237$41,682,348
85$54,906,073$26,007,215$20,734,357$45,265,842
86$60,463,886$27,238,962$21,386,351$49,185,066
87$66,587,253$28,529,723$22,058,845$53,472,897
88$73,333,820$29,882,346$22,752,483$58,165,503
89$80,767,108$31,299,820$23,467,930$63,302,672
90$88,957,119$32,785,277$24,205,872$68,928,182
91$97,980,992$34,342,002$24,967,015$75,090,203
92$107,923,732$35,973,439$25,752,089$81,841,739
93$118,879,015$37,683,200$26,561,847$89,241,121
94$130,950,070$39,475,072$27,397,064$97,352,546
95$144,250,652$41,353,026$28,258,540$106,246,668
96$158,906,119$43,321,225$29,147,102$116,001,257
97$175,054,614$45,384,036$30,063,601$126,701,917
98$192,848,368$47,546,036$31,008,914$138,442,881
99$212,455,137$49,812,028$31,983,949$151,327,890
100$234,059,788$52,187,044$32,989,638$165,471,150