Can I retire at age 71 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,030,212
2 years$547,802$537,599$527,712$518,125$508,826$470,632
3 years$361,573$351,327$341,464$331,968$322,820$285,954
4 years$268,478$258,263$248,499$239,164$230,238$194,982
5 years$212,635$202,481$192,845$183,701$175,023$141,469
6 years$175,418$165,341$155,848$146,907$138,490$106,663
7 years$148,845$138,853$129,510$120,780$112,629$82,522
8 years$128,925$119,023$109,835$101,320$93,437$65,024
9 years$113,439$103,631$94,601$86,302$78,687$51,931
10 years$101,058$91,345$82,475$74,393$67,046$41,900
11 years$90,935$81,319$72,610$64,744$57,661$34,074
12 years$82,505$72,988$64,439$56,789$49,968$27,882
13 years$75,377$65,960$57,572$50,137$43,573$22,928
14 years$69,273$59,956$51,729$44,506$38,196$18,929
15 years$63,987$54,771$46,704$39,691$33,631$15,678
16 years$59,367$50,251$42,344$35,539$29,723$13,019
17 years$55,295$46,279$38,532$31,932$26,354$10,835
18 years$51,679$42,764$35,174$28,777$23,433$9,033
19 years$48,447$39,633$32,200$26,002$20,887$7,541
20 years$45,542$36,829$29,552$23,550$18,656$6,304
21 years$42,918$34,305$27,182$21,373$16,695$5,274
22 years$40,535$32,022$25,053$19,433$14,965$4,417
23 years$38,362$29,950$23,132$17,698$13,433$3,702
24 years$36,374$28,061$21,393$16,142$12,074$3,104
25 years$34,547$26,334$19,814$14,742$10,865$2,604
26 years$32,864$24,750$18,376$13,479$9,787$2,185
27 years$31,308$23,292$17,064$12,338$8,824$1,835
28 years$29,866$21,948$15,863$11,304$7,962$1,541
29 years$28,525$20,706$14,762$10,366$7,189$1,294
30 years$27,277$19,554$13,750$9,513$6,496$1,087
31 years$26,111$18,485$12,819$8,737$5,873$914
32 years$25,020$17,491$11,960$8,030$5,312$768
33 years$23,997$16,564$11,168$7,384$4,808$645
34 years$23,037$15,699$10,434$6,794$4,353$543
35 years$22,134$14,890$9,755$6,254$3,943$456
36 years$21,282$14,133$9,126$5,760$3,572$383
37 years$20,479$13,423$8,542$5,307$3,238$322
38 years$19,720$12,757$7,999$4,892$2,935$271
39 years$19,001$12,130$7,494$4,510$2,662$228
40 years$18,320$11,541$7,024$4,160$2,414$192
41 years$17,674$10,986$6,586$3,838$2,190$161
42 years$17,060$10,463$6,178$3,542$1,987$136
43 years$16,477$9,969$5,798$3,270$1,804$114
44 years$15,921$9,502$5,442$3,019$1,637$96
45 years$15,392$9,061$5,110$2,788$1,486$81
46 years$14,887$8,644$4,799$2,576$1,350$68
47 years$14,405$8,249$4,509$2,380$1,225$57
48 years$13,945$7,875$4,237$2,199$1,113$48
49 years$13,504$7,520$3,983$2,032$1,011$40
50 years$13,083$7,184$3,744$1,878$918$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,400,000, adding $2,959 every year, while hoping to spend $49,959 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: 32/39/29 Blend
70$13,400,000$13,400,000$13,400,000$13,400,000
71$14,769,852$14,059,652$13,851,952$15,111,835
72$16,223,221$14,695,419$14,262,837$16,011,053
73$17,823,159$15,360,664$14,685,811$16,974,288
74$19,584,564$16,056,779$15,121,228$18,010,825
75$21,523,850$16,785,222$15,569,450$19,127,157
76$23,659,106$17,547,521$16,030,850$20,330,399
77$26,010,263$18,345,278$16,505,811$21,628,350
78$28,599,282$19,180,169$16,994,728$23,029,560
79$31,450,364$20,053,952$17,498,007$24,543,404
80$34,590,176$20,968,471$18,016,065$26,180,163
81$38,048,104$21,925,655$18,549,333$27,951,121
82$41,856,526$22,927,528$19,098,251$29,868,654
83$46,051,124$23,976,209$19,663,275$31,946,349
84$50,671,215$25,073,921$20,244,872$34,199,121
85$55,760,127$26,222,991$20,843,523$36,643,345
86$61,365,602$27,425,859$21,459,723$39,297,004
87$67,540,251$28,685,083$22,093,980$42,179,848
88$74,342,047$30,003,343$22,746,820$45,313,577
89$81,834,876$31,383,447$23,418,779$48,722,028
90$90,089,137$32,828,340$24,110,411$52,431,397
91$99,182,407$34,341,106$24,822,288$56,470,476
92$109,200,171$35,924,979$25,554,993$60,870,907
93$120,236,635$37,583,349$26,309,131$65,667,479
94$132,395,605$39,319,767$27,085,321$70,898,437
95$145,791,478$41,137,957$27,884,201$76,605,837
96$160,550,313$43,041,821$28,706,426$82,835,926
97$176,811,025$45,035,450$29,552,670$89,639,565
98$194,726,693$47,123,131$30,423,628$97,072,701
99$214,466,009$49,309,357$31,320,013$105,196,871
100$236,214,867$51,598,841$32,242,559$114,079,777