Can I retire at age 71 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,089,834
2 years$572,330$561,671$551,341$541,325$531,609$505,020
3 years$377,763$367,058$356,754$346,832$337,275$311,473
4 years$280,499$269,827$259,625$249,873$240,547$215,732
5 years$222,156$211,547$201,480$191,926$182,860$159,100
6 years$183,273$172,744$162,826$153,485$144,691$122,011
7 years$155,510$145,070$135,309$126,189$117,673$96,075
8 years$134,698$124,352$114,753$105,856$97,621$77,097
9 years$118,519$108,271$98,837$90,166$82,211$62,745
10 years$105,583$95,436$86,168$77,724$70,048$51,617
11 years$95,006$84,961$75,861$67,643$60,243$42,823
12 years$86,199$76,256$67,325$59,332$52,206$35,767
13 years$78,752$68,913$60,150$52,381$45,524$30,035
14 years$72,375$62,640$54,045$46,498$39,906$25,334
15 years$66,852$57,223$48,795$41,468$35,137$21,447
16 years$62,025$52,501$44,240$37,130$31,054$18,211
17 years$57,770$48,351$40,257$33,361$27,535$15,503
18 years$53,993$44,679$36,749$30,065$24,482$13,225
19 years$50,616$41,408$33,642$27,167$21,822$11,302
20 years$47,582$38,478$30,875$24,605$19,492$9,673
21 years$44,839$35,841$28,399$22,330$17,443$8,290
22 years$42,350$33,456$26,174$20,303$15,635$7,112
23 years$40,080$31,291$24,167$18,491$14,035$6,107
24 years$38,003$29,318$22,351$16,865$12,615$5,249
25 years$36,094$27,513$20,701$15,402$11,351$4,514
26 years$34,335$25,858$19,199$14,082$10,225$3,884
27 years$32,710$24,335$17,828$12,890$9,219$3,344
28 years$31,203$22,931$16,574$11,810$8,318$2,880
29 years$29,803$21,633$15,423$10,830$7,511$2,481
30 years$28,498$20,430$14,366$9,939$6,787$2,139
31 years$27,280$19,313$13,393$9,128$6,136$1,844
32 years$26,140$18,274$12,496$8,389$5,550$1,590
33 years$25,072$17,306$11,668$7,715$5,023$1,371
34 years$24,069$16,402$10,902$7,098$4,548$1,183
35 years$23,125$15,557$10,192$6,534$4,119$1,020
36 years$22,235$14,766$9,535$6,018$3,732$880
37 years$21,396$14,024$8,924$5,545$3,383$760
38 years$20,602$13,328$8,357$5,111$3,067$656
39 years$19,852$12,674$7,830$4,712$2,781$566
40 years$19,140$12,058$7,339$4,346$2,522$489
41 years$18,465$11,478$6,881$4,010$2,288$422
42 years$17,824$10,931$6,455$3,701$2,076$364
43 years$17,214$10,415$6,057$3,416$1,885$314
44 years$16,634$9,928$5,686$3,154$1,711$271
45 years$16,081$9,467$5,339$2,913$1,553$234
46 years$15,554$9,031$5,014$2,691$1,410$202
47 years$15,050$8,619$4,711$2,486$1,280$175
48 years$14,569$8,228$4,427$2,297$1,163$151
49 years$14,109$7,857$4,161$2,123$1,056$130
50 years$13,669$7,505$3,912$1,962$959$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,000,000, adding $4,548 every year, while hoping to spend $53,198 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: 54/18/28 Blend
70$14,000,000$14,000,000$14,000,000$14,000,000
71$15,432,691$14,690,691$14,473,691$16,145,635
72$16,950,224$15,353,933$14,901,958$17,302,345
73$18,620,761$16,047,890$15,342,788$18,555,180
74$20,459,854$16,774,013$15,796,547$19,918,137
75$22,484,638$17,533,818$16,263,610$21,401,810
76$24,713,993$18,328,897$16,744,363$23,017,844
77$27,168,723$19,160,916$17,239,202$24,779,052
78$29,871,754$20,031,622$17,748,537$26,699,522
79$32,848,347$20,942,845$18,272,786$28,794,755
80$36,126,337$21,896,503$18,812,383$31,081,801
81$39,736,396$22,894,605$19,367,771$33,579,423
82$43,712,325$23,939,256$19,939,407$36,308,262
83$48,091,367$25,032,665$20,527,762$39,291,037
84$52,914,563$26,177,143$21,133,320$42,552,744
85$58,227,139$27,375,113$21,756,576$46,120,900
86$64,078,929$28,629,115$22,398,043$50,025,787
87$70,524,849$29,941,811$23,058,247$54,300,740
88$77,625,414$31,315,990$23,737,728$58,982,453
89$85,447,308$32,754,575$24,437,044$64,111,322
90$94,064,015$34,260,631$25,156,766$69,731,820
91$103,556,509$35,837,366$25,897,483$75,892,910
92$114,014,024$37,488,148$26,659,799$82,648,503
93$125,534,890$39,216,503$27,444,338$90,057,961
94$138,227,464$41,026,128$28,251,739$98,186,647
95$152,211,154$42,920,896$29,082,661$107,106,542
96$167,617,541$44,904,870$29,937,779$116,896,910
97$184,591,627$46,982,305$30,817,791$127,645,043
98$203,293,198$49,157,662$31,723,412$139,447,077
99$223,898,336$51,435,619$32,655,378$152,408,891
100$246,601,078$53,821,077$33,614,446$166,647,098