Can I retire at age 71 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$801,017$793,882$786,921$780,126$773,492$757,255
2 years$396,543$389,158$382,000$375,061$368,329$352,048
3 years$261,736$254,319$247,180$240,305$233,683$217,865
4 years$194,346$186,951$179,883$173,126$166,665$151,431
5 years$153,922$146,572$139,597$132,978$126,696$112,091
6 years$126,982$119,687$112,815$106,343$100,250$86,288
7 years$107,746$100,513$93,750$87,431$81,530$68,215
8 years$93,326$86,158$79,507$73,343$67,637$54,964
9 years$82,117$75,016$68,480$62,472$56,960$44,921
10 years$73,154$66,123$59,702$53,852$48,533$37,115
11 years$65,826$58,866$52,561$46,867$41,740$30,929
12 years$59,723$52,835$46,646$41,109$36,171$25,950
13 years$54,564$47,747$41,675$36,293$31,542$21,894
14 years$50,145$43,401$37,446$32,217$27,649$18,556
15 years$46,319$39,647$33,808$28,732$24,345$15,785
16 years$42,975$36,376$30,652$25,726$21,516$13,470
17 years$40,027$33,501$27,892$23,115$19,078$11,525
18 years$37,409$30,956$25,462$20,831$16,963$9,882
19 years$35,070$28,690$23,309$18,823$15,119$8,490
20 years$32,967$26,660$21,392$17,047$13,505$7,305
21 years$31,067$24,833$19,677$15,472$12,085$6,294
22 years$29,342$23,180$18,135$14,067$10,833$5,429
23 years$27,770$21,680$16,744$12,811$9,724$4,687
24 years$26,330$20,313$15,486$11,685$8,740$4,051
25 years$25,008$19,063$14,343$10,671$7,865$3,503
26 years$23,790$17,916$13,302$9,757$7,084$3,031
27 years$22,663$16,861$12,352$8,931$6,387$2,624
28 years$21,619$15,888$11,483$8,183$5,763$2,273
29 years$20,649$14,988$10,686$7,504$5,204$1,970
30 years$19,745$14,155$9,954$6,887$4,702$1,708
31 years$18,901$13,381$9,280$6,325$4,251$1,481
32 years$18,111$12,661$8,658$5,813$3,846$1,284
33 years$17,371$11,990$8,084$5,345$3,480$1,114
34 years$16,676$11,364$7,553$4,918$3,151$967
35 years$16,022$10,779$7,062$4,527$2,854$839
36 years$15,406$10,231$6,606$4,170$2,586$728
37 years$14,824$9,717$6,183$3,842$2,344$632
38 years$14,275$9,234$5,790$3,541$2,125$549
39 years$13,754$8,781$5,425$3,265$1,927$477
40 years$13,261$8,354$5,085$3,011$1,748$414
41 years$12,794$7,953$4,768$2,778$1,586$359
42 years$12,350$7,574$4,472$2,564$1,439$312
43 years$11,927$7,216$4,197$2,367$1,306$271
44 years$11,525$6,879$3,939$2,186$1,185$235
45 years$11,142$6,559$3,699$2,018$1,076$204
46 years$10,776$6,257$3,474$1,864$977$178
47 years$10,428$5,971$3,264$1,723$887$154
48 years$10,094$5,701$3,067$1,592$806$134
49 years$9,776$5,444$2,883$1,471$732$116
50 years$9,471$5,200$2,710$1,360$665$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,700,000, adding $2,180 every year, while hoping to spend $53,861 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: 65/27/8 Blend
70$9,700,000$9,700,000$9,700,000$9,700,000
71$10,691,649$10,177,549$10,027,199$11,369,879
72$11,724,889$10,618,941$10,305,802$12,262,936
73$12,861,715$11,080,156$10,591,934$13,231,680
74$14,112,635$11,562,109$10,885,788$14,288,666
75$15,489,228$12,065,756$11,187,567$15,442,477
76$17,004,252$12,592,102$11,497,473$16,702,552
77$18,671,766$13,142,194$11,815,718$18,079,275
78$20,507,257$13,717,133$12,142,516$19,584,070
79$22,527,795$14,318,070$12,478,088$21,229,508
80$24,752,184$14,946,210$12,822,658$23,029,420
81$27,201,148$15,602,815$13,176,458$24,999,025
82$29,897,519$16,289,207$13,539,723$27,155,073
83$32,866,458$17,006,771$13,912,697$29,516,000
84$36,135,691$17,756,956$14,295,626$32,102,096
85$39,735,766$18,541,281$14,688,764$34,935,694
86$43,700,347$19,361,337$15,092,370$38,041,380
87$48,066,528$20,218,788$15,506,710$41,446,218
88$52,875,186$21,115,381$15,932,057$45,180,005
89$58,171,361$22,052,941$16,368,687$49,275,546
90$64,004,688$23,033,383$16,816,886$53,768,957
91$70,429,860$24,058,712$17,276,946$58,700,008
92$77,507,145$25,131,028$17,749,162$64,112,490
93$85,302,956$26,252,531$18,233,842$70,054,622
94$93,890,477$27,425,525$18,731,296$76,579,505
95$103,350,355$28,652,425$19,241,843$83,745,615
96$113,771,456$29,935,758$19,765,809$91,617,353
97$125,251,709$31,278,175$20,303,528$100,265,642
98$137,899,028$32,682,451$20,855,342$109,768,596
99$151,832,331$34,151,492$21,421,597$120,212,248
100$167,182,660$35,688,347$22,002,652$131,691,356