Can I retire at age 71 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,104,364
2 years$576,418$565,683$555,279$545,191$535,407$515,336
3 years$380,462$369,680$359,302$349,309$339,684$320,157
4 years$282,503$271,754$261,480$251,658$242,265$223,433
5 years$223,742$213,058$202,919$193,297$184,166$166,082
6 years$184,582$173,978$163,989$154,581$145,725$128,408
7 years$156,621$146,107$136,275$127,090$118,513$101,970
8 years$135,660$125,240$115,572$106,613$98,318$82,545
9 years$119,365$109,044$99,543$90,810$82,798$67,785
10 years$106,337$96,117$86,783$78,279$70,548$56,282
11 years$95,685$85,567$76,403$68,126$60,674$47,139
12 years$86,815$76,801$67,805$59,756$52,579$39,757
13 years$79,315$69,405$60,580$52,756$45,849$33,721
14 years$72,892$63,088$54,431$46,831$40,191$28,734
15 years$67,330$57,632$49,144$41,765$35,388$24,580
16 years$62,468$52,876$44,556$37,396$31,276$21,094
17 years$58,183$48,697$40,544$33,600$27,731$18,152
18 years$54,378$44,998$37,012$30,280$24,657$15,655
19 years$50,978$41,704$33,883$27,361$21,978$13,529
20 years$47,921$38,753$31,096$24,780$19,631$11,711
21 years$45,160$36,097$28,602$22,490$17,567$10,152
22 years$42,652$33,695$26,361$20,448$15,747$8,811
23 years$40,366$31,514$24,340$18,623$14,135$7,655
24 years$38,274$29,527$22,510$16,985$12,705$6,657
25 years$36,352$27,710$20,849$15,512$11,433$5,793
26 years$34,581$26,043$19,336$14,183$10,298$5,046
27 years$32,943$24,509$17,956$12,982$9,285$4,397
28 years$31,426$23,095$16,692$11,894$8,378$3,833
29 years$30,015$21,787$15,533$10,907$7,565$3,344
30 years$28,702$20,576$14,469$10,010$6,835$2,918
31 years$27,475$19,451$13,489$9,194$6,180$2,547
32 years$26,327$18,405$12,585$8,449$5,590$2,224
33 years$25,251$17,429$11,751$7,770$5,059$1,942
34 years$24,241$16,519$10,979$7,149$4,580$1,696
35 years$23,290$15,668$10,265$6,581$4,149$1,482
36 years$22,394$14,871$9,603$6,061$3,759$1,295
37 years$21,549$14,124$8,988$5,584$3,407$1,132
38 years$20,750$13,423$8,417$5,147$3,089$989
39 years$19,993$12,764$7,886$4,746$2,801$865
40 years$19,277$12,144$7,391$4,377$2,540$756
41 years$18,597$11,560$6,931$4,039$2,305$661
42 years$17,951$11,009$6,501$3,727$2,091$578
43 years$17,337$10,490$6,100$3,441$1,898$506
44 years$16,753$9,999$5,726$3,177$1,723$442
45 years$16,196$9,535$5,377$2,934$1,564$387
46 years$15,665$9,096$5,050$2,710$1,420$338
47 years$15,158$8,680$4,744$2,504$1,289$296
48 years$14,673$8,286$4,458$2,314$1,171$259
49 years$14,210$7,913$4,191$2,138$1,064$226
50 years$13,767$7,559$3,940$1,976$966$198

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,100,000, adding $6,532 every year, while hoping to spend $40,919 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: 80/13/7 Blend
70$14,100,000$14,100,000$14,100,000$14,100,000
71$15,544,938$14,797,638$14,579,088$16,776,487
72$17,086,984$15,479,185$15,023,950$18,265,621
73$18,784,947$16,192,756$15,482,343$19,893,142
74$20,654,688$16,939,877$15,954,678$21,677,689
75$22,713,684$17,722,148$16,441,377$23,634,920
76$24,981,192$18,541,246$16,942,875$25,782,072
77$27,478,433$19,398,926$17,459,621$28,138,126
78$30,228,791$20,297,032$17,992,076$30,723,981
79$33,258,034$21,237,492$18,540,717$33,562,653
80$36,594,555$22,222,332$19,106,033$36,679,485
81$40,269,645$23,253,670$19,688,530$40,102,387
82$44,317,780$24,333,732$20,288,727$43,862,096
83$48,776,955$25,464,846$20,907,161$47,992,464
84$53,689,037$26,649,456$21,544,383$52,530,774
85$59,100,161$27,890,122$22,200,963$57,518,091
86$65,061,168$29,189,528$22,877,485$62,999,643
87$71,628,080$30,550,488$23,574,554$69,025,248
88$78,862,633$31,975,951$24,292,791$75,649,778
89$86,832,858$33,469,010$25,032,836$82,933,679
90$95,613,723$35,032,904$25,795,349$90,943,532
91$105,287,839$36,671,033$26,581,010$99,752,679
92$115,946,243$38,386,958$27,390,518$109,441,916
93$127,689,254$40,184,413$28,224,594$120,100,245
94$140,627,422$42,067,312$29,083,982$131,825,714
95$154,882,569$44,039,761$29,969,445$144,726,339
96$170,588,942$46,106,061$30,881,773$158,921,114
97$187,894,479$48,270,723$31,821,777$174,541,136
98$206,962,203$50,538,475$32,790,294$191,730,831
99$227,971,763$52,914,275$33,788,184$210,649,316
100$251,121,129$55,403,321$34,816,335$231,471,897