Can I retire at age 71 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,225,376
2 years$637,739$625,862$614,351$603,190$592,365$573,678
3 years$420,936$409,008$397,526$386,470$375,821$357,618
4 years$312,556$300,664$289,297$278,430$268,038$250,460
5 years$247,545$235,724$224,506$213,861$203,758$186,856
6 years$204,218$192,487$181,434$171,026$161,227$145,019
7 years$173,283$161,650$150,773$140,610$131,121$115,613
8 years$150,092$138,564$127,867$117,954$108,777$93,968
9 years$132,064$120,645$110,132$100,471$91,606$77,487
10 years$117,650$106,342$96,016$86,607$78,053$64,614
11 years$105,864$94,670$84,531$75,374$67,128$54,356
12 years$96,050$84,971$75,019$66,113$58,172$46,050
13 years$87,752$76,789$67,024$58,368$50,727$39,239
14 years$80,646$69,799$60,222$51,813$44,467$33,594
15 years$74,493$63,763$54,372$46,208$39,152$28,876
16 years$69,114$58,501$49,296$41,374$34,603$24,902
17 years$64,373$53,877$44,858$37,174$30,681$21,536
18 years$60,163$49,785$40,949$33,501$27,280$18,669
19 years$56,401$46,140$37,487$30,271$24,316$16,216
20 years$53,019$42,876$34,404$27,417$21,719$14,110
21 years$49,964$39,937$31,645$24,882$19,436$12,296
22 years$47,190$37,280$29,166$22,624$17,422$10,730
23 years$44,661$34,867$26,929$20,604$15,639$9,373
24 years$42,346$32,668$24,905$18,792$14,057$8,196
25 years$40,219$30,657$23,067$17,162$12,649$7,172
26 years$38,260$28,813$21,394$15,692$11,394$6,281
27 years$36,448$27,116$19,866$14,363$10,272$5,504
28 years$34,769$25,552$18,468$13,160$9,269$4,826
29 years$33,209$24,105$17,186$12,068$8,369$4,234
30 years$31,755$22,765$16,008$11,075$7,562$3,716
31 years$30,398$21,520$14,924$10,172$6,837$3,262
32 years$29,128$20,362$13,924$9,348$6,185$2,865
33 years$27,937$19,284$13,001$8,596$5,597$2,517
34 years$26,819$18,277$12,147$7,909$5,068$2,211
35 years$25,768$17,335$11,357$7,281$4,590$1,944
36 years$24,776$16,453$10,624$6,706$4,159$1,709
37 years$23,841$15,627$9,944$6,178$3,769$1,502
38 years$22,957$14,851$9,312$5,695$3,417$1,321
39 years$22,120$14,122$8,725$5,251$3,099$1,162
40 years$21,328$13,436$8,177$4,843$2,811$1,022
41 years$20,576$12,790$7,668$4,468$2,550$899
42 years$19,861$12,181$7,193$4,124$2,314$791
43 years$19,182$11,606$6,749$3,807$2,100$696
44 years$18,535$11,063$6,335$3,515$1,906$612
45 years$17,919$10,549$5,949$3,246$1,730$538
46 years$17,331$10,063$5,587$2,998$1,571$474
47 years$16,770$9,604$5,249$2,770$1,427$417
48 years$16,234$9,168$4,933$2,560$1,296$367
49 years$15,722$8,755$4,636$2,366$1,177$323
50 years$15,231$8,363$4,359$2,187$1,069$284

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,600,000, adding $5,871 every year, while hoping to spend $36,977 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: 48/35/17 Blend
70$15,600,000$15,600,000$15,600,000$15,600,000
71$17,197,256$16,370,456$16,128,656$17,940,363
72$18,912,033$17,133,265$16,629,623$19,218,754
73$20,800,478$17,932,212$17,146,132$20,601,836
74$22,880,265$18,769,030$17,678,667$22,102,854
75$25,170,873$19,645,533$18,227,723$23,732,863
76$27,693,762$20,563,624$18,793,812$25,504,004
77$30,472,583$21,525,299$19,377,462$27,429,613
78$33,533,397$22,532,649$19,979,217$29,524,339
79$36,904,921$23,587,866$20,599,638$31,804,275
80$40,618,800$24,693,249$21,239,304$34,287,107
81$44,709,907$25,851,208$21,898,809$36,992,269
82$49,216,669$27,064,268$22,578,770$39,941,124
83$54,181,430$28,335,078$23,279,820$43,157,155
84$59,650,853$29,666,414$24,002,612$46,666,177
85$65,676,360$31,061,188$24,747,819$50,496,579
86$72,314,614$32,522,452$25,516,136$54,679,575
87$79,628,056$34,053,403$26,308,278$59,249,495
88$87,685,496$35,657,399$27,124,984$64,244,098
89$96,562,760$37,337,954$27,967,014$69,704,918
90$106,343,404$39,098,757$28,835,152$75,677,645
91$117,119,509$40,943,673$29,730,207$82,212,546
92$128,992,542$42,876,756$30,653,012$89,364,930
93$142,074,320$44,902,256$31,604,427$97,195,654
94$156,488,062$47,024,628$32,585,337$105,771,688
95$172,369,555$49,248,545$33,596,655$115,166,732
96$189,868,430$51,578,904$34,639,324$125,461,902
97$209,149,581$54,020,843$35,714,313$136,746,475
98$230,394,720$56,579,745$36,822,623$149,118,722
99$253,804,086$59,261,257$37,965,286$162,686,818
100$279,598,345$62,071,301$39,143,365$177,569,844