Can I retire at age 71 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,144,687
2 years$605,035$593,767$582,846$572,257$561,987$526,535
3 years$399,350$388,033$377,140$366,651$356,548$322,241
4 years$296,528$285,245$274,461$264,151$254,293$221,394
5 years$234,850$223,636$212,993$202,894$193,309$161,907
6 years$193,746$182,615$172,130$162,256$152,959$123,082
7 years$164,396$153,360$143,041$133,399$124,397$96,043
8 years$142,395$131,458$121,310$111,905$103,199$76,352
9 years$125,291$114,458$104,484$95,319$86,909$61,539
10 years$111,617$100,889$91,092$82,165$74,050$50,123
11 years$100,435$89,816$80,196$71,509$63,686$41,159
12 years$91,125$80,614$71,172$62,723$55,189$34,017
13 years$83,252$72,851$63,587$55,375$48,126$28,260
14 years$76,510$66,220$57,133$49,155$42,187$23,576
15 years$70,673$60,493$51,584$43,838$37,144$19,735
16 years$65,570$55,501$46,768$39,252$32,828$16,567
17 years$61,072$51,114$42,557$35,268$29,108$13,940
18 years$57,078$47,232$38,849$31,783$25,881$11,752
19 years$53,509$43,774$35,565$28,719$23,069$9,923
20 years$50,301$40,677$32,639$26,011$20,605$8,391
21 years$47,402$37,889$30,022$23,606$18,439$7,103
22 years$44,770$35,368$27,670$21,463$16,528$6,018
23 years$42,370$33,079$25,548$19,547$14,837$5,103
24 years$40,174$30,993$23,628$17,828$13,336$4,331
25 years$38,157$29,085$21,884$16,282$12,000$3,677
26 years$36,298$27,336$20,296$14,887$10,809$3,123
27 years$34,579$25,726$18,847$13,627$9,745$2,654
28 years$32,986$24,241$17,521$12,485$8,793$2,256
29 years$31,506$22,869$16,305$11,449$7,940$1,919
30 years$30,126$21,597$15,187$10,507$7,175$1,632
31 years$28,839$20,417$14,158$9,650$6,486$1,388
32 years$27,634$19,318$13,210$8,869$5,867$1,181
33 years$26,505$18,295$12,334$8,155$5,310$1,005
34 years$25,444$17,339$11,524$7,504$4,808$856
35 years$24,446$16,446$10,775$6,908$4,354$729
36 years$23,506$15,610$10,079$6,362$3,945$620
37 years$22,618$14,826$9,434$5,861$3,576$528
38 years$21,780$14,090$8,835$5,403$3,242$450
39 years$20,986$13,398$8,277$4,982$2,940$383
40 years$20,234$12,747$7,758$4,595$2,666$326
41 years$19,520$12,134$7,275$4,239$2,419$278
42 years$18,843$11,556$6,824$3,912$2,195$236
43 years$18,198$11,010$6,403$3,612$1,992$201
44 years$17,585$10,495$6,011$3,335$1,808$171
45 years$17,000$10,008$5,644$3,080$1,642$146
46 years$16,442$9,547$5,301$2,845$1,491$124
47 years$15,910$9,111$4,980$2,628$1,353$106
48 years$15,402$8,698$4,680$2,429$1,229$90
49 years$14,915$8,306$4,399$2,244$1,116$77
50 years$14,450$7,934$4,135$2,075$1,014$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $14,800,000, adding $2,448 every year, while hoping to spend $43,666 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: 38/42/20 Blend
70$14,800,000$14,800,000$14,800,000$14,800,000
71$16,312,125$15,527,725$15,298,325$16,834,068
72$17,929,502$16,242,123$15,764,359$17,925,674
73$19,710,387$16,990,064$16,244,541$19,100,315
74$21,671,413$17,773,143$16,739,300$20,368,890
75$23,830,907$18,593,037$17,249,076$21,739,902
76$26,209,062$19,451,499$17,774,323$23,222,674
77$28,828,133$20,350,369$18,315,509$24,827,433
78$31,712,640$21,291,574$18,873,116$26,565,396
79$34,889,604$22,277,136$19,447,640$28,448,871
80$38,388,800$23,309,172$20,039,593$30,491,365
81$42,243,039$24,389,902$20,649,500$32,707,706
82$46,488,474$25,521,653$21,277,904$35,114,170
83$51,164,949$26,706,865$21,925,364$37,728,633
84$56,316,366$27,948,093$22,592,456$40,570,724
85$61,991,104$29,248,018$23,279,771$43,662,007
86$68,242,474$30,609,449$23,987,922$47,026,170
87$75,129,226$32,035,331$24,717,536$50,689,241
88$82,716,095$33,528,751$25,469,262$54,679,825
89$91,074,422$35,092,944$26,243,767$59,029,359
90$100,282,818$36,731,304$27,041,739$63,772,400
91$110,427,913$38,447,385$27,863,884$68,946,938
92$121,605,169$40,244,917$28,710,934$74,594,741
93$133,919,785$42,127,806$29,583,638$80,761,741
94$147,487,684$44,100,149$30,482,771$87,498,445
95$162,436,613$46,166,242$31,409,130$94,860,408
96$178,907,347$48,330,587$32,363,535$102,908,732
97$197,055,014$50,597,904$33,346,831$111,710,635
98$217,050,566$52,973,142$34,359,891$121,340,063
99$239,082,387$55,461,488$35,403,609$131,878,377
100$263,358,072$58,068,383$36,478,912$143,415,097