Can I retire at age 71 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,027,558
2 years$539,626$529,576$519,835$510,392$501,232$476,162
3 years$356,177$346,083$336,368$327,013$318,002$293,675
4 years$264,470$254,408$244,790$235,594$226,802$203,404
5 years$209,461$199,459$189,967$180,959$172,411$150,009
6 years$172,800$162,873$153,521$144,714$136,423$115,039
7 years$146,624$136,781$127,577$118,978$110,948$90,585
8 years$127,001$117,246$108,195$99,807$92,042$72,692
9 years$111,746$102,084$93,189$85,014$77,513$59,159
10 years$99,550$89,982$81,244$73,283$66,045$48,668
11 years$89,578$80,106$71,526$63,778$56,801$40,376
12 years$81,273$71,899$63,477$55,942$49,222$33,723
13 years$74,252$64,975$56,713$49,388$42,923$28,319
14 years$68,239$59,061$50,957$43,841$37,626$23,887
15 years$63,032$53,953$46,007$39,099$33,129$20,222
16 years$58,481$49,501$41,712$35,009$29,279$17,171
17 years$54,469$45,589$37,956$31,455$25,961$14,617
18 years$50,907$42,126$34,649$28,347$23,083$12,469
19 years$47,724$39,042$31,720$25,614$20,575$10,656
20 years$44,863$36,280$29,111$23,199$18,378$9,121
21 years$42,277$33,793$26,776$21,054$16,446$7,816
22 years$39,930$31,544$24,679$19,143$14,742$6,706
23 years$37,790$29,503$22,786$17,434$13,233$5,758
24 years$35,831$27,642$21,073$15,901$11,894$4,949
25 years$34,032$25,941$19,518$14,522$10,703$4,256
26 years$32,373$24,380$18,102$13,278$9,641$3,662
27 years$30,841$22,945$16,809$12,153$8,692$3,153
28 years$29,420$21,621$15,627$11,135$7,843$2,715
29 years$28,100$20,397$14,542$10,211$7,082$2,340
30 years$26,869$19,262$13,545$9,371$6,399$2,016
31 years$25,721$18,209$12,628$8,607$5,785$1,738
32 years$24,647$17,230$11,782$7,910$5,233$1,499
33 years$23,639$16,317$11,001$7,274$4,736$1,293
34 years$22,693$15,465$10,279$6,693$4,288$1,115
35 years$21,803$14,668$9,610$6,161$3,884$962
36 years$20,965$13,922$8,990$5,674$3,519$830
37 years$20,173$13,223$8,414$5,228$3,189$716
38 years$19,425$12,566$7,880$4,819$2,891$618
39 years$18,717$11,949$7,382$4,443$2,622$534
40 years$18,046$11,369$6,919$4,098$2,378$461
41 years$17,410$10,822$6,488$3,781$2,158$398
42 years$16,806$10,307$6,086$3,489$1,958$343
43 years$16,231$9,820$5,711$3,221$1,777$296
44 years$15,683$9,361$5,361$2,974$1,613$256
45 years$15,162$8,926$5,034$2,747$1,464$221
46 years$14,665$8,515$4,728$2,537$1,329$191
47 years$14,190$8,126$4,442$2,344$1,207$165
48 years$13,737$7,757$4,174$2,166$1,096$142
49 years$13,303$7,408$3,923$2,002$996$123
50 years$12,888$7,076$3,688$1,850$904$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,200,000, adding $6,824 every year, while hoping to spend $25,787 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: 51/38/11 Blend
70$13,200,000$13,200,000$13,200,000$13,200,000
71$14,553,439$13,853,839$13,649,239$15,252,932
72$16,010,453$14,505,240$14,079,051$16,382,889
73$17,615,217$15,187,695$14,522,398$17,607,306
74$19,382,777$15,902,699$14,979,705$18,937,780
75$21,329,707$16,651,819$15,451,413$20,384,302
76$23,474,276$17,436,697$15,937,974$21,957,846
77$25,836,613$18,259,056$16,439,857$23,670,465
78$28,438,899$19,120,701$16,957,544$25,535,398
79$31,305,577$20,023,525$17,491,531$27,567,196
80$34,463,582$20,969,515$18,042,334$29,781,847
81$37,942,596$21,960,750$18,610,481$32,196,920
82$41,775,327$22,999,413$19,196,518$34,831,732
83$45,997,818$24,087,791$19,801,010$37,707,515
84$50,649,788$25,228,285$20,424,535$40,847,615
85$55,775,004$26,423,409$21,067,695$44,277,700
86$61,421,699$27,675,801$21,731,108$48,026,000
87$67,643,023$28,988,226$22,415,410$52,123,561
88$74,497,545$30,363,583$23,121,261$56,604,532
89$82,049,810$31,804,913$23,849,338$61,506,475
90$90,370,940$33,315,404$24,600,341$66,870,716
91$99,539,316$34,898,399$25,374,992$72,742,718
92$109,641,309$36,557,402$26,174,036$79,172,507
93$120,772,097$38,296,090$26,998,241$86,215,128
94$133,036,568$40,118,316$27,848,400$93,931,155
95$146,550,305$42,028,120$28,725,328$102,387,252
96$161,440,680$44,029,742$29,629,870$111,656,791
97$177,848,053$46,127,623$30,562,895$121,820,527
98$195,927,102$48,326,424$31,525,300$132,967,350
99$215,848,279$50,631,031$32,518,009$145,195,112
100$237,799,418$53,046,567$33,541,977$158,611,531