Can I retire at age 71 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,181,233
2 years$617,299$605,802$594,660$583,857$573,379$550,435
3 years$407,445$395,899$384,785$374,083$363,775$341,464
4 years$302,538$291,027$280,025$269,506$259,447$237,942
5 years$239,611$228,169$217,311$207,006$197,228$176,589
6 years$197,673$186,317$175,619$165,545$156,060$136,310
7 years$167,729$156,469$145,940$136,103$126,918$108,063
8 years$145,281$134,123$123,769$114,174$105,291$87,325
9 years$127,831$116,778$106,602$97,251$88,670$71,582
10 years$113,879$102,934$92,938$83,831$75,551$59,325
11 years$102,471$91,636$81,821$72,958$64,977$49,594
12 years$92,972$82,248$72,614$63,994$56,307$41,746
13 years$84,940$74,328$64,876$56,497$49,101$35,338
14 years$78,061$67,562$58,292$50,152$43,042$30,051
15 years$72,105$61,719$52,629$44,727$37,897$25,653
16 years$66,899$56,626$47,716$40,048$33,494$21,969
17 years$62,310$52,150$43,420$35,983$29,698$18,864
18 years$58,235$48,189$39,637$32,428$26,406$16,234
19 years$54,593$44,661$36,286$29,301$23,536$13,998
20 years$51,320$41,502$33,301$26,538$21,023$12,090
21 years$48,362$38,657$30,631$24,085$18,813$10,456
22 years$45,677$36,085$28,231$21,899$16,863$9,054
23 years$43,229$33,750$26,066$19,943$15,138$7,848
24 years$40,988$31,621$24,107$18,190$13,606$6,809
25 years$38,930$29,675$22,328$16,612$12,243$5,912
26 years$37,033$27,890$20,708$15,189$11,028$5,136
27 years$35,280$26,247$19,229$13,903$9,943$4,465
28 years$33,655$24,733$17,876$12,738$8,972$3,883
29 years$32,144$23,333$16,635$11,681$8,101$3,379
30 years$30,737$22,035$15,495$10,720$7,320$2,941
31 years$29,423$20,830$14,445$9,846$6,618$2,561
32 years$28,194$19,710$13,478$9,048$5,986$2,230
33 years$27,042$18,666$12,584$8,321$5,418$1,943
34 years$25,960$17,691$11,758$7,656$4,905$1,693
35 years$24,942$16,779$10,993$7,048$4,443$1,475
36 years$23,982$15,926$10,284$6,491$4,025$1,286
37 years$23,077$15,126$9,625$5,980$3,648$1,121
38 years$22,221$14,375$9,014$5,512$3,308$978
39 years$21,411$13,669$8,445$5,083$2,999$852
40 years$20,644$13,005$7,915$4,688$2,721$743
41 years$19,916$12,380$7,422$4,325$2,468$648
42 years$19,225$11,790$6,962$3,992$2,240$565
43 years$18,567$11,234$6,533$3,685$2,033$493
44 years$17,941$10,708$6,132$3,402$1,845$430
45 years$17,345$10,211$5,758$3,142$1,675$375
46 years$16,776$9,741$5,408$2,902$1,521$327
47 years$16,233$9,296$5,081$2,681$1,381$286
48 years$15,714$8,874$4,775$2,478$1,254$249
49 years$15,218$8,474$4,488$2,290$1,139$217
50 years$14,743$8,095$4,219$2,117$1,035$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,100,000, adding $4,141 every year, while hoping to spend $46,536 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: 29/46/25 Blend
70$15,100,000$15,100,000$15,100,000$15,100,000
71$16,644,471$15,844,171$15,610,121$16,997,693
72$18,292,694$16,571,022$16,083,547$18,000,742
73$20,107,475$17,331,928$16,571,272$19,073,988
74$22,105,755$18,128,510$17,073,727$20,226,900
75$24,306,200$18,962,465$17,591,355$21,466,377
76$26,729,378$19,835,573$18,124,611$22,799,969
77$29,397,956$20,749,696$18,673,967$24,235,941
78$32,336,906$21,706,791$19,239,904$25,783,341
79$35,573,751$22,708,904$19,822,921$27,452,083
80$39,138,817$23,758,183$20,423,532$29,253,025
81$43,065,520$24,856,878$21,042,264$31,198,071
82$47,390,685$26,007,347$21,679,662$33,300,267
83$52,154,890$27,212,062$22,336,285$35,573,919
84$57,402,850$28,473,614$23,012,712$38,034,716
85$63,183,839$29,794,720$23,709,537$40,699,870
86$69,552,155$31,178,225$24,427,370$43,588,264
87$76,567,631$32,627,115$25,166,844$46,720,624
88$84,296,202$34,144,516$25,928,606$50,119,699
89$92,810,526$35,733,709$26,713,325$53,810,462
90$102,190,668$37,398,129$27,521,690$57,820,338
91$112,524,859$39,141,380$28,354,410$62,179,446
92$123,910,326$40,967,239$29,212,214$66,920,869
93$136,454,210$42,879,665$30,095,854$72,080,951
94$150,274,580$44,882,808$31,006,105$77,699,629
95$165,501,540$46,981,019$31,943,763$83,820,786
96$182,278,468$49,178,860$32,909,650$90,492,656
97$200,763,360$51,481,112$33,904,611$97,768,258
98$221,130,324$53,892,787$34,929,516$105,705,877
99$243,571,224$56,419,142$35,985,263$114,369,597
100$268,297,494$59,065,684$37,072,773$123,829,884