Can I retire at age 71 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,034,614
2 years$551,890$541,611$531,650$521,992$512,623$470,921
3 years$364,272$353,949$344,013$334,445$325,229$285,033
4 years$270,481$260,190$250,353$240,949$231,956$193,571
5 years$214,222$203,992$194,284$185,072$176,329$139,854
6 years$176,727$166,575$157,011$148,003$139,524$104,982
7 years$149,956$139,889$130,477$121,682$113,470$80,850
8 years$129,887$119,911$110,654$102,076$94,134$63,405
9 years$114,286$104,404$95,307$86,946$79,275$50,390
10 years$101,812$92,027$83,091$74,948$67,546$40,451
11 years$91,613$81,926$73,152$65,227$58,092$32,725
12 years$83,120$73,533$64,920$57,213$50,341$26,635
13 years$75,940$66,452$58,002$50,511$43,898$21,783
14 years$69,790$60,403$52,115$44,838$38,481$17,883
15 years$64,465$55,179$47,053$39,987$33,882$14,728
16 years$59,810$50,626$42,660$35,804$29,945$12,159
17 years$55,707$46,625$38,819$32,170$26,551$10,059
18 years$52,064$43,083$35,437$28,992$23,608$8,336
19 years$48,809$39,929$32,441$26,196$21,042$6,918
20 years$45,882$37,104$29,772$23,726$18,795$5,747
21 years$43,238$34,561$27,385$21,533$16,820$4,779
22 years$40,837$32,261$25,239$19,578$15,077$3,977
23 years$38,649$30,173$23,304$17,830$13,534$3,312
24 years$36,645$28,271$21,552$16,262$12,164$2,759
25 years$34,805$26,531$19,962$14,852$10,946$2,300
26 years$33,109$24,934$18,514$13,580$9,860$1,918
27 years$31,542$23,466$17,192$12,430$8,889$1,600
28 years$30,089$22,112$15,982$11,388$8,021$1,335
29 years$28,738$20,860$14,872$10,443$7,243$1,114
30 years$27,480$19,700$13,853$9,584$6,544$930
31 years$26,306$18,623$12,915$8,802$5,917$776
32 years$25,207$17,621$12,050$8,090$5,352$648
33 years$24,177$16,688$11,251$7,439$4,844$541
34 years$23,209$15,816$10,512$6,845$4,385$452
35 years$22,299$15,001$9,828$6,301$3,972$377
36 years$21,441$14,239$9,194$5,803$3,599$315
37 years$20,632$13,523$8,605$5,347$3,262$263
38 years$19,867$12,852$8,059$4,928$2,957$220
39 years$19,143$12,221$7,550$4,544$2,682$184
40 years$18,457$11,627$7,077$4,191$2,432$153
41 years$17,806$11,068$6,636$3,867$2,207$128
42 years$17,187$10,541$6,224$3,569$2,002$107
43 years$16,600$10,043$5,841$3,294$1,817$89
44 years$16,040$9,573$5,483$3,042$1,649$75
45 years$15,507$9,129$5,148$2,809$1,497$62
46 years$14,998$8,709$4,835$2,595$1,360$52
47 years$14,513$8,311$4,543$2,397$1,235$44
48 years$14,049$7,934$4,269$2,215$1,121$36
49 years$13,605$7,576$4,012$2,047$1,018$30
50 years$13,181$7,237$3,772$1,892$925$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $13,500,000, adding $2,730 every year, while hoping to spend $35,901 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: 50/25/25 Blend
70$13,500,000$13,500,000$13,500,000$13,500,000
71$14,879,816$14,164,316$13,955,066$15,518,809
72$16,359,359$14,820,169$14,384,362$16,619,892
73$17,988,612$15,506,956$14,826,837$17,812,130
74$19,782,807$16,226,154$15,282,893$19,107,264
75$21,758,731$16,979,312$15,752,947$20,515,056
76$23,934,878$17,768,055$16,237,427$22,046,233
77$26,331,629$18,594,084$16,736,775$23,712,585
78$28,971,445$19,459,183$17,251,446$25,527,075
79$31,879,072$20,365,223$17,781,909$27,503,949
80$35,081,782$21,314,164$18,328,648$29,658,872
81$38,609,627$22,308,060$18,892,161$32,009,072
82$42,495,720$23,349,067$19,472,960$34,573,492
83$46,776,555$24,439,443$20,071,575$37,372,967
84$51,492,343$25,581,554$20,688,552$40,430,418
85$56,687,395$26,777,884$21,324,452$43,771,054
86$62,410,541$28,031,032$21,979,853$47,422,614
87$68,715,591$29,343,728$22,655,353$51,415,617
88$75,661,840$30,718,829$23,351,566$55,783,642
89$83,314,631$32,159,334$24,069,126$60,563,643
90$91,745,967$33,668,385$24,808,686$65,796,287
91$101,035,196$35,249,277$25,570,918$71,526,334
92$111,269,758$36,905,464$26,356,515$77,803,047
93$122,546,008$38,640,566$27,166,193$84,680,652
94$134,970,128$40,458,381$28,000,687$92,218,841
95$148,659,127$42,362,888$28,860,757$100,483,328
96$163,741,949$44,358,260$29,747,183$109,546,455
97$180,360,685$46,448,872$30,660,771$119,487,872
98$198,671,920$48,639,312$31,602,352$130,395,273
99$218,848,206$50,934,388$32,572,781$142,365,218
100$241,079,693$53,339,144$33,572,939$155,504,030