Can I retire at age 71 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,212,524
2 years$633,651$621,850$610,413$599,324$588,568$565,016
3 years$418,238$406,386$394,978$383,993$373,411$350,510
4 years$310,552$298,737$287,443$276,645$266,320$244,245
5 years$245,958$234,213$223,067$212,490$202,452$181,267
6 years$202,909$191,253$180,271$169,930$160,194$139,921
7 years$172,172$160,614$149,806$139,709$130,280$110,925
8 years$149,130$137,676$127,048$117,198$108,080$89,638
9 years$131,217$119,871$109,426$99,827$91,019$73,478
10 years$116,896$105,661$95,400$86,052$77,553$60,897
11 years$105,186$94,064$83,989$74,891$66,698$50,908
12 years$95,434$84,426$74,538$65,689$57,799$42,852
13 years$87,190$76,297$66,595$57,994$50,402$36,274
14 years$80,129$69,352$59,836$51,480$44,182$30,847
15 years$74,015$63,354$54,024$45,911$38,901$26,333
16 years$68,671$58,126$48,980$41,109$34,381$22,551
17 years$63,960$53,532$44,570$36,936$30,485$19,364
18 years$59,778$49,466$40,687$33,287$27,106$16,664
19 years$56,040$45,845$37,247$30,077$24,160$14,369
20 years$52,680$42,601$34,183$27,241$21,580$12,410
21 years$49,644$39,681$31,442$24,723$19,312$10,733
22 years$46,887$37,041$28,979$22,479$17,310$9,294
23 years$44,374$34,644$26,757$20,472$15,539$8,056
24 years$42,074$32,459$24,745$18,671$13,966$6,989
25 years$39,961$30,461$22,919$17,052$12,568$6,068
26 years$38,014$28,628$21,256$15,591$11,320$5,272
27 years$36,214$26,943$19,738$14,271$10,206$4,583
28 years$34,546$25,388$18,349$13,075$9,209$3,986
29 years$32,996$23,951$17,076$11,990$8,316$3,468
30 years$31,551$22,619$15,905$11,004$7,514$3,019
31 years$30,203$21,382$14,828$10,106$6,793$2,629
32 years$28,941$20,232$13,835$9,288$6,145$2,289
33 years$27,758$19,160$12,918$8,541$5,561$1,994
34 years$26,647$18,159$12,070$7,859$5,035$1,738
35 years$25,602$17,224$11,284$7,234$4,560$1,515
36 years$24,618$16,348$10,556$6,663$4,132$1,320
37 years$23,688$15,527$9,880$6,139$3,745$1,151
38 years$22,810$14,756$9,252$5,658$3,395$1,003
39 years$21,979$14,031$8,669$5,217$3,079$875
40 years$21,191$13,350$8,125$4,812$2,793$763
41 years$20,444$12,708$7,619$4,440$2,534$665
42 years$19,734$12,102$7,147$4,097$2,299$580
43 years$19,059$11,531$6,706$3,782$2,086$506
44 years$18,416$10,992$6,295$3,492$1,894$442
45 years$17,804$10,482$5,911$3,225$1,719$385
46 years$17,220$9,999$5,551$2,979$1,561$336
47 years$16,663$9,542$5,216$2,752$1,417$293
48 years$16,130$9,109$4,901$2,543$1,287$256
49 years$15,621$8,699$4,607$2,351$1,169$223
50 years$15,133$8,309$4,331$2,173$1,062$195

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,500,000, adding $5,100 every year, while hoping to spend $33,060 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: 30/46/24 Blend
70$15,500,000$15,500,000$15,500,000$15,500,000
71$17,086,261$16,264,761$16,024,511$17,471,513
72$18,793,884$17,026,558$16,526,156$18,530,553
73$20,674,576$17,824,576$17,043,499$19,665,775
74$22,745,956$18,660,554$17,577,029$20,886,373
75$25,027,438$19,536,315$18,127,254$22,199,771
76$27,540,416$20,453,773$18,694,696$23,614,094
77$30,308,462$21,414,932$19,279,892$25,138,236
78$33,357,555$22,421,894$19,883,399$26,781,939
79$36,716,322$23,476,862$20,505,788$28,555,871
80$40,416,305$24,582,148$21,147,651$30,471,721
81$44,492,267$25,740,172$21,809,596$32,542,303
82$48,982,512$26,953,474$22,492,252$34,781,661
83$53,929,252$28,224,717$23,196,265$37,205,194
84$59,379,000$29,556,693$23,922,304$39,829,795
85$65,383,015$30,952,328$24,671,059$42,673,991
86$71,997,781$32,414,690$25,443,238$45,758,114
87$79,285,543$33,946,998$26,239,574$49,104,476
88$87,314,892$35,552,625$27,060,824$52,737,568
89$96,161,415$37,235,108$27,907,765$56,684,281
90$105,908,406$38,998,155$28,781,202$60,974,139
91$116,647,653$40,845,654$29,681,962$65,639,569
92$128,480,306$42,781,684$30,610,901$70,716,193
93$141,517,830$44,810,519$31,568,898$76,243,140
94$155,883,056$46,936,642$32,556,864$82,263,407
95$171,711,343$49,164,752$33,575,734$88,824,246
96$189,151,853$51,499,779$34,626,474$95,977,587
97$208,368,964$53,946,889$35,710,083$103,780,513
98$229,543,813$56,511,502$36,827,586$112,295,779
99$252,876,016$59,199,299$37,980,044$121,592,383
100$278,585,543$62,016,239$39,168,549$131,746,192