Can I retire at age 71 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$792,759$785,698$778,808$772,084$765,517$756,265
2 years$392,455$385,146$378,062$371,194$364,532$355,221
3 years$259,038$251,697$244,631$237,828$231,274$222,193
4 years$192,342$185,024$178,029$171,341$164,947$156,166
5 years$152,335$145,061$138,158$131,607$125,390$116,935
6 years$125,673$118,453$111,652$105,247$99,217$91,097
7 years$106,636$99,477$92,783$86,529$80,690$72,910
8 years$92,364$85,270$78,688$72,587$66,940$59,498
9 years$81,270$74,243$67,774$61,828$56,373$49,267
10 years$72,400$65,441$59,087$53,297$48,033$41,257
11 years$65,147$58,259$52,019$46,384$41,310$34,859
12 years$59,108$52,290$46,165$40,685$35,798$29,665
13 years$54,001$47,255$41,246$35,919$31,217$25,393
14 years$49,628$42,953$37,060$31,885$27,364$21,842
15 years$45,842$39,239$33,460$28,435$24,094$18,864
16 years$42,532$36,001$30,336$25,461$21,294$16,347
17 years$39,614$33,155$27,605$22,876$18,881$14,207
18 years$37,024$30,637$25,200$20,616$16,788$12,378
19 years$34,708$28,394$23,069$18,629$14,963$10,807
20 years$32,627$26,385$21,172$16,872$13,366$9,453
21 years$30,747$24,577$19,474$15,312$11,961$8,281
22 years$29,040$22,941$17,948$13,922$10,721$7,264
23 years$27,483$21,457$16,572$12,679$9,624$6,380
24 years$26,059$20,104$15,326$11,564$8,650$5,609
25 years$24,750$18,866$14,195$10,561$7,784$4,936
26 years$23,544$17,731$13,165$9,657$7,011$4,347
27 years$22,430$16,687$12,225$8,839$6,321$3,830
28 years$21,396$15,724$11,365$8,098$5,704$3,378
29 years$20,436$14,834$10,576$7,426$5,150$2,980
30 years$19,541$14,009$9,851$6,816$4,654$2,630
31 years$18,706$13,243$9,184$6,260$4,207$2,323
32 years$17,925$12,531$8,569$5,753$3,806$2,052
33 years$17,192$11,867$8,001$5,290$3,444$1,813
34 years$16,504$11,247$7,475$4,867$3,118$1,602
35 years$15,857$10,668$6,989$4,481$2,825$1,417
36 years$15,247$10,125$6,538$4,127$2,559$1,253
37 years$14,671$9,617$6,119$3,802$2,319$1,108
38 years$14,127$9,139$5,731$3,504$2,103$980
39 years$13,613$8,690$5,369$3,231$1,907$867
40 years$13,125$8,268$5,032$2,980$1,730$767
41 years$12,662$7,871$4,719$2,750$1,569$679
42 years$12,222$7,496$4,426$2,538$1,424$601
43 years$11,804$7,142$4,153$2,343$1,292$532
44 years$11,406$6,808$3,899$2,163$1,173$471
45 years$11,027$6,492$3,661$1,998$1,065$417
46 years$10,665$6,193$3,438$1,845$967$369
47 years$10,320$5,910$3,230$1,705$878$327
48 years$9,990$5,642$3,036$1,575$797$289
49 years$9,675$5,388$2,853$1,456$724$256
50 years$9,373$5,146$2,682$1,346$658$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,600,000, adding $4,475 every year, while hoping to spend $44,127 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: 34/37/29 Blend
70$9,600,000$9,600,000$9,600,000$9,600,000
71$10,583,816$10,075,016$9,926,216$10,850,707
72$11,616,414$10,521,741$10,211,793$11,499,805
73$12,752,859$10,988,877$10,505,459$12,195,025
74$14,003,695$11,477,376$10,807,436$12,943,893
75$15,380,543$11,988,239$11,117,957$13,751,217
76$16,896,207$12,522,510$11,437,256$14,622,273
77$18,564,794$13,081,287$11,765,578$15,562,845
78$20,401,849$13,665,717$12,103,171$16,579,278
79$22,424,503$14,277,002$12,450,293$17,678,533
80$24,651,630$14,916,403$12,807,205$18,868,250
81$27,104,028$15,585,239$13,174,179$20,156,816
82$29,804,616$16,284,893$13,551,491$21,553,437
83$32,778,648$17,016,813$13,939,426$23,068,224
84$36,053,950$17,782,517$14,338,277$24,712,278
85$39,661,187$18,583,595$14,748,344$26,497,798
86$43,634,149$19,421,712$15,169,935$28,438,181
87$48,010,070$20,298,614$15,603,365$30,548,151
88$52,829,981$21,216,129$16,048,961$32,843,889
89$58,139,092$22,176,173$16,507,055$35,343,179
90$63,987,228$23,180,753$16,977,989$38,065,569
91$70,429,288$24,231,974$17,462,115$41,032,551
92$77,525,773$25,332,038$17,959,794$44,267,759
93$85,343,349$26,483,255$18,471,394$47,797,176
94$93,955,482$27,688,045$18,997,296$51,649,383
95$103,443,125$28,948,944$19,537,890$55,855,813
96$113,895,491$30,268,608$20,093,576$60,451,043
97$125,410,884$31,649,823$20,664,764$65,473,110
98$138,097,636$33,095,506$21,251,876$70,963,862
99$152,075,124$34,608,716$21,855,343$76,969,344
100$167,474,899$36,192,655$22,475,609$83,540,224