Can I retire at age 71 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,244,170
2 years$645,915$633,886$622,227$610,924$599,959$584,118
3 years$426,333$414,251$402,622$391,425$380,639$365,191
4 years$316,563$304,519$293,006$281,999$271,475$256,541
5 years$250,719$238,746$227,385$216,603$206,371$191,994
6 years$206,836$194,954$183,761$173,219$163,294$149,491
7 years$175,504$163,722$152,706$142,413$132,802$119,578
8 years$152,016$140,340$129,507$119,467$110,172$97,526
9 years$133,757$122,191$111,544$101,759$92,781$80,708
10 years$119,158$107,706$97,247$87,717$79,054$67,545
11 years$107,222$95,884$85,614$76,340$67,989$57,035
12 years$97,282$86,060$75,981$66,961$58,918$48,505
13 years$88,877$77,773$67,884$59,116$51,377$41,494
14 years$81,680$70,694$60,994$52,477$45,037$35,667
15 years$75,448$64,580$55,069$46,800$39,654$30,783
16 years$70,000$59,251$49,928$41,904$35,047$26,658
17 years$65,198$54,568$45,433$37,651$31,075$23,152
18 years$60,935$50,423$41,474$33,931$27,630$20,157
19 years$57,124$46,732$37,968$30,659$24,627$17,586
20 years$53,699$43,425$34,845$27,768$21,998$15,370
21 years$50,604$40,449$32,051$25,201$19,685$13,455
22 years$47,795$37,758$29,540$22,914$17,645$11,794
23 years$45,233$35,314$27,275$20,868$15,839$10,350
24 years$42,889$33,087$25,224$19,033$14,237$9,093
25 years$40,735$31,051$23,363$17,382$12,811$7,995
26 years$38,750$29,182$21,668$15,893$11,540$7,035
27 years$36,915$27,464$20,120$14,547$10,404$6,195
28 years$35,215$25,879$18,705$13,328$9,388$5,458
29 years$33,634$24,414$17,406$12,222$8,477$4,811
30 years$32,162$23,057$16,213$11,217$7,659$4,243
31 years$30,787$21,796$15,115$10,302$6,925$3,744
32 years$29,501$20,624$14,103$9,468$6,264$3,304
33 years$28,295$19,531$13,168$8,707$5,669$2,917
34 years$27,163$18,511$12,303$8,011$5,133$2,576
35 years$26,098$17,557$11,503$7,374$4,649$2,276
36 years$25,094$16,664$10,760$6,792$4,212$2,011
37 years$24,147$15,827$10,072$6,258$3,817$1,777
38 years$23,251$15,042$9,432$5,768$3,461$1,571
39 years$22,404$14,303$8,836$5,318$3,138$1,388
40 years$21,601$13,608$8,282$4,905$2,847$1,227
41 years$20,839$12,954$7,766$4,526$2,583$1,085
42 years$20,116$12,337$7,285$4,177$2,343$960
43 years$19,428$11,754$6,836$3,856$2,127$849
44 years$18,773$11,204$6,417$3,560$1,930$751
45 years$18,149$10,684$6,025$3,288$1,753$664
46 years$17,553$10,192$5,659$3,037$1,591$587
47 years$16,985$9,727$5,316$2,806$1,445$519
48 years$16,442$9,285$4,996$2,593$1,312$460
49 years$15,923$8,867$4,696$2,396$1,192$407
50 years$15,426$8,470$4,415$2,215$1,082$360

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,800,000, adding $6,633 every year, while hoping to spend $43,512 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: 37/44/19 Blend
70$15,800,000$15,800,000$15,800,000$15,800,000
71$17,418,442$16,581,042$16,336,142$17,962,738
72$19,148,827$17,347,217$16,837,106$19,123,782
73$21,054,252$18,149,475$17,353,395$20,372,468
74$23,152,527$18,989,541$17,885,474$21,720,339
75$25,463,274$19,869,217$18,433,827$23,176,326
76$28,008,117$20,790,398$18,998,949$24,750,216
77$30,810,882$21,755,065$19,581,351$26,452,739
78$33,897,827$22,765,298$20,181,562$28,295,665
79$37,297,884$23,823,276$20,800,122$30,291,904
80$41,042,934$24,931,283$21,437,593$32,455,618
81$45,168,111$26,091,713$22,094,549$34,802,352
82$49,712,127$27,307,076$22,771,586$37,349,165
83$54,717,645$28,580,004$23,469,315$40,114,787
84$60,231,675$29,913,254$24,188,367$43,119,784
85$66,306,019$31,309,717$24,929,390$46,386,739
86$72,997,764$32,772,424$25,693,056$49,940,458
87$80,369,816$34,304,553$26,480,053$53,808,195
88$88,491,495$35,909,434$27,291,093$58,019,889
89$97,439,190$37,590,558$28,126,907$62,608,444
90$107,297,079$39,351,587$28,988,250$67,610,020
91$118,157,924$41,196,358$29,875,899$73,064,364
92$130,123,946$43,128,893$30,790,656$79,015,170
93$143,307,791$45,153,412$31,733,345$85,510,476
94$157,833,591$47,274,334$32,704,818$92,603,106
95$173,838,137$49,496,296$33,705,949$100,351,145
96$191,472,171$51,824,159$34,737,642$108,818,478
97$210,901,806$54,263,017$35,800,827$118,075,371
98$232,310,098$56,818,212$36,896,462$128,199,116
99$255,898,769$59,495,345$38,025,535$139,274,743
100$281,890,115$62,300,289$39,189,062$151,395,802