Can I retire at age 71 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$743,212$736,591$730,133$723,828$717,673$709,293
2 years$367,927$361,074$354,433$347,994$341,749$333,314
3 years$242,848$235,966$229,342$222,963$216,820$208,592
4 years$180,321$173,460$166,902$160,633$154,638$146,680
5 years$142,814$135,995$129,523$123,381$117,553$109,890
6 years$117,818$111,050$104,674$98,669$93,016$85,655
7 years$99,971$93,260$86,984$81,121$75,647$68,592
8 years$86,591$79,941$73,770$68,051$62,756$56,007
9 years$76,191$69,603$63,538$57,964$52,850$46,403
10 years$67,875$61,351$55,394$49,966$45,031$38,883
11 years$61,076$54,618$48,768$43,485$38,728$32,873
12 years$55,414$49,022$43,280$38,142$33,561$27,992
13 years$50,626$44,301$38,668$33,674$29,266$23,977
14 years$46,527$40,269$34,743$29,892$25,654$20,638
15 years$42,977$36,786$31,369$26,658$22,588$17,836
16 years$39,873$33,751$28,440$23,870$19,963$15,467
17 years$37,138$31,083$25,879$21,447$17,701$13,452
18 years$34,710$28,722$23,625$19,328$15,739$11,728
19 years$32,539$26,619$21,627$17,464$14,028$10,247
20 years$30,588$24,736$19,848$15,817$12,530$8,970
21 years$28,825$23,041$18,257$14,355$11,213$7,864
22 years$27,225$21,508$16,826$13,052$10,051$6,903
23 years$25,766$20,116$15,536$11,887$9,022$6,068
24 years$24,430$18,847$14,368$10,841$8,110$5,339
25 years$23,203$17,687$13,308$9,901$7,297$4,701
26 years$22,073$16,623$12,342$9,053$6,573$4,144
27 years$21,028$15,644$11,461$8,286$5,926$3,655
28 years$20,059$14,741$10,654$7,592$5,347$3,225
29 years$19,159$13,907$9,915$6,962$4,829$2,848
30 years$18,320$13,133$9,235$6,390$4,363$2,516
31 years$17,537$12,416$8,610$5,868$3,944$2,223
32 years$16,804$11,748$8,033$5,393$3,568$1,965
33 years$16,118$11,125$7,501$4,959$3,229$1,738
34 years$15,473$10,544$7,008$4,563$2,924$1,538
35 years$14,866$10,001$6,552$4,201$2,648$1,360
36 years$14,294$9,492$6,129$3,869$2,399$1,204
37 years$13,754$9,016$5,737$3,564$2,175$1,066
38 years$13,244$8,568$5,372$3,285$1,971$944
39 years$12,762$8,147$5,033$3,029$1,788$836
40 years$12,304$7,752$4,718$2,794$1,622$740
41 years$11,870$7,379$4,424$2,578$1,471$655
42 years$11,458$7,027$4,150$2,379$1,335$581
43 years$11,066$6,696$3,894$2,196$1,211$514
44 years$10,693$6,382$3,655$2,028$1,100$456
45 years$10,338$6,086$3,432$1,873$998$404
46 years$9,999$5,806$3,223$1,730$906$358
47 years$9,675$5,541$3,028$1,598$823$317
48 years$9,366$5,289$2,846$1,477$747$281
49 years$9,070$5,051$2,675$1,365$679$249
50 years$8,787$4,825$2,515$1,262$617$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,000,000, adding $4,091 every year, while hoping to spend $43,584 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: 64/16/20 Blend
70$9,000,000$9,000,000$9,000,000$9,000,000
71$9,922,220$9,445,220$9,305,720$10,506,384
72$10,887,913$9,861,663$9,571,088$11,316,254
73$11,950,647$10,297,050$9,843,886$12,195,358
74$13,120,272$10,752,265$10,124,316$13,154,760
75$14,407,645$11,228,231$10,412,586$14,202,314
76$15,824,727$11,725,917$10,708,909$15,346,663
77$17,384,697$12,246,335$11,013,506$16,597,318
78$19,102,079$12,790,548$11,326,601$17,964,747
79$20,992,874$13,359,668$11,648,425$19,460,469
80$23,074,715$13,954,860$11,979,216$21,097,167
81$25,367,032$14,577,344$12,319,215$22,888,797
82$27,891,235$15,228,399$12,668,674$24,850,727
83$30,670,914$15,909,363$13,027,848$26,999,872
84$33,732,065$16,621,641$13,396,999$29,354,857
85$37,103,335$17,366,700$13,776,397$31,936,188
86$40,816,288$18,146,081$14,166,320$34,766,442
87$44,905,707$18,961,397$14,567,049$37,870,481
88$49,409,921$19,814,337$14,978,877$41,275,681
89$54,371,166$20,706,672$15,402,102$45,012,189
90$59,835,982$21,640,257$15,837,030$49,113,205
91$65,855,657$22,617,035$16,283,976$53,615,291
92$72,486,706$23,639,041$16,743,261$58,558,715
93$79,791,406$24,708,409$17,215,215$63,987,826
94$87,838,383$25,827,375$17,700,179$69,951,471
95$96,703,261$26,998,280$18,198,498$76,503,451
96$106,469,377$28,223,578$18,710,531$83,703,026
97$117,228,561$29,505,842$19,236,641$91,615,471
98$129,082,010$30,847,764$19,777,204$100,312,687
99$142,141,239$32,252,168$20,332,605$109,873,878
100$156,529,135$33,722,014$20,903,236$120,386,291