Can I retire at age 71 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,232,723
2 years$641,827$629,874$618,289$607,057$596,162$576,847
3 years$423,635$411,630$400,074$388,947$378,230$359,419
4 years$314,560$302,591$291,151$280,215$269,757$251,594
5 years$249,132$237,235$225,945$215,232$205,065$187,603
6 years$205,527$193,720$182,598$172,122$162,261$145,521
7 years$174,394$162,686$151,739$141,511$131,961$115,948
8 years$151,054$139,452$128,687$118,710$109,475$94,186
9 years$132,910$121,418$110,838$101,115$92,194$77,621
10 years$118,404$107,024$96,631$87,162$78,553$64,686
11 years$106,543$95,277$85,073$75,857$67,559$54,382
12 years$96,666$85,516$75,500$66,537$58,545$46,043
13 years$88,315$77,281$67,454$58,742$51,052$39,207
14 years$81,163$70,247$60,608$52,145$44,752$33,545
15 years$74,970$64,171$54,721$46,504$39,403$28,813
16 years$69,557$58,876$49,612$41,639$34,825$24,831
17 years$64,785$54,223$45,145$37,412$30,878$21,459
18 years$60,549$50,104$41,212$33,716$27,455$18,589
19 years$56,763$46,436$37,727$30,465$24,472$16,135
20 years$53,359$43,151$34,624$27,592$21,858$14,029
21 years$50,284$40,193$31,848$25,042$19,561$12,217
22 years$47,492$37,519$29,353$22,769$17,533$10,652
23 years$44,947$35,091$27,102$20,736$15,739$9,298
24 years$42,617$32,878$25,065$18,912$14,147$8,123
25 years$40,477$30,854$23,215$17,272$12,730$7,103
26 years$38,505$28,998$21,531$15,792$11,467$6,216
27 years$36,682$27,290$19,993$14,455$10,338$5,443
28 years$34,992$25,716$18,586$13,244$9,328$4,769
29 years$33,421$24,260$17,296$12,145$8,423$4,180
30 years$31,958$22,911$16,111$11,146$7,611$3,665
31 years$30,592$21,658$15,019$10,237$6,881$3,215
32 years$29,314$20,493$14,013$9,408$6,224$2,821
33 years$28,116$19,407$13,084$8,651$5,633$2,476
34 years$26,991$18,394$12,225$7,960$5,100$2,174
35 years$25,933$17,446$11,430$7,328$4,619$1,909
36 years$24,935$16,559$10,692$6,749$4,185$1,677
37 years$23,994$15,727$10,008$6,218$3,793$1,473
38 years$23,104$14,946$9,372$5,731$3,439$1,294
39 years$22,262$14,213$8,780$5,284$3,119$1,137
40 years$21,464$13,522$8,230$4,874$2,829$999
41 years$20,707$12,872$7,717$4,497$2,566$878
42 years$19,988$12,259$7,239$4,150$2,329$772
43 years$19,305$11,680$6,793$3,831$2,113$679
44 years$18,654$11,133$6,376$3,537$1,918$597
45 years$18,034$10,617$5,987$3,267$1,741$524
46 years$17,442$10,128$5,623$3,018$1,581$461
47 years$16,878$9,665$5,283$2,788$1,436$405
48 years$16,338$9,227$4,964$2,576$1,304$356
49 years$15,822$8,811$4,666$2,381$1,184$313
50 years$15,329$8,417$4,387$2,201$1,076$276

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,700,000, adding $5,060 every year, while hoping to spend $51,177 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: 45/36/19 Blend
70$15,700,000$15,700,000$15,700,000$15,700,000
71$17,306,619$16,474,519$16,231,169$17,990,659
72$19,017,443$17,227,319$16,720,462$19,223,594
73$20,901,055$18,015,290$17,224,430$20,554,329
74$22,975,026$18,840,103$17,743,512$21,996,347
75$25,258,717$19,703,507$18,278,158$23,559,998
76$27,773,462$20,607,335$18,828,832$25,256,647
77$30,542,770$21,553,508$19,396,013$27,098,769
78$33,592,543$22,544,042$19,980,190$29,100,069
79$36,951,328$23,581,045$20,581,872$31,275,598
80$40,650,578$24,666,730$21,201,579$33,641,892
81$44,724,953$25,803,416$21,839,848$36,217,120
82$49,212,646$26,993,532$22,497,231$39,021,248
83$54,155,746$28,239,625$23,174,298$42,076,221
84$59,600,629$29,544,363$23,871,634$45,406,161
85$65,598,401$30,910,545$24,589,842$49,037,586
86$72,205,379$32,341,103$25,329,543$52,999,654
87$79,483,622$33,839,111$26,091,376$57,324,424
88$87,501,513$35,407,789$26,875,999$62,047,156
89$96,334,413$37,050,516$27,684,090$67,206,628
90$106,065,362$38,770,830$28,516,346$72,845,494
91$116,785,870$40,572,442$29,373,485$79,010,676
92$128,596,778$42,459,241$30,256,246$85,753,796
93$141,609,209$44,435,304$31,165,390$93,131,648
94$155,945,618$46,504,904$32,101,701$101,206,725
95$171,740,948$48,672,521$33,065,985$110,047,797
96$189,143,901$50,942,850$34,059,071$119,730,541
97$208,318,344$53,320,816$35,081,816$130,338,246
98$229,444,857$55,811,577$36,135,098$141,962,582
99$252,722,432$58,420,543$37,219,823$154,704,452
100$278,370,356$61,153,387$38,336,924$168,674,926