Can I retire at age 71 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$817,533$810,251$803,146$796,211$789,440$761,430
2 years$404,719$397,182$389,877$382,794$375,924$348,003
3 years$267,133$259,563$252,276$245,260$238,501$211,547
4 years$198,353$190,806$183,592$176,696$170,101$144,319
5 years$157,096$149,594$142,475$135,719$129,308$104,766
6 years$129,600$122,155$115,141$108,536$102,317$79,033
7 years$109,968$102,586$95,683$89,233$83,211$61,181
8 years$95,251$87,935$81,147$74,856$69,032$48,237
9 years$83,810$76,563$69,892$63,760$58,135$38,548
10 years$74,662$67,487$60,933$54,962$49,534$31,121
11 years$67,183$60,079$53,644$47,833$42,601$25,325
12 years$60,955$53,924$47,608$41,956$36,917$20,737
13 years$55,689$48,731$42,535$37,041$32,192$17,064
14 years$51,179$44,296$38,218$32,881$28,219$14,098
15 years$47,274$40,465$34,505$29,324$24,847$11,685
16 years$43,861$37,126$31,284$26,257$21,960$9,710
17 years$40,852$34,191$28,467$23,591$19,471$8,087
18 years$38,180$31,594$25,987$21,261$17,313$6,747
19 years$35,793$29,281$23,790$19,211$15,431$5,637
20 years$33,647$27,210$21,833$17,399$13,783$4,716
21 years$31,708$25,345$20,082$15,791$12,335$3,949
22 years$29,947$23,658$18,509$14,357$11,056$3,309
23 years$28,342$22,127$17,090$13,076$9,925$2,776
24 years$26,873$20,732$15,805$11,926$8,920$2,329
25 years$25,524$19,456$14,639$10,891$8,027$1,956
26 years$24,280$18,285$13,577$9,958$7,231$1,643
27 years$23,131$17,209$12,607$9,115$6,519$1,380
28 years$22,065$16,216$11,720$8,351$5,882$1,160
29 years$21,075$15,297$10,906$7,658$5,311$975
30 years$20,152$14,447$10,159$7,029$4,799$820
31 years$19,291$13,657$9,471$6,455$4,339$690
32 years$18,485$12,922$8,836$5,932$3,925$580
33 years$17,729$12,238$8,251$5,455$3,552$488
34 years$17,020$11,599$7,709$5,019$3,216$410
35 years$16,352$11,001$7,207$4,621$2,913$345
36 years$15,723$10,442$6,742$4,255$2,639$291
37 years$15,130$9,917$6,311$3,921$2,392$245
38 years$14,569$9,425$5,910$3,614$2,169$206
39 years$14,038$8,962$5,537$3,332$1,966$173
40 years$13,535$8,527$5,190$3,074$1,784$146
41 years$13,058$8,117$4,866$2,836$1,618$123
42 years$12,604$7,730$4,565$2,617$1,468$103
43 years$12,173$7,365$4,283$2,416$1,333$87
44 years$11,763$7,020$4,021$2,231$1,210$73
45 years$11,372$6,695$3,775$2,060$1,098$62
46 years$10,999$6,386$3,546$1,903$997$52
47 years$10,643$6,095$3,331$1,758$905$44
48 years$10,302$5,818$3,130$1,624$822$37
49 years$9,977$5,556$2,942$1,501$747$31
50 years$9,666$5,307$2,766$1,388$678$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $9,900,000, adding $2,180 every year, while hoping to spend $35,361 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: 62/33/5 Blend
70$9,900,000$9,900,000$9,900,000$9,900,000
71$10,912,049$10,387,349$10,233,899$11,579,991
72$11,987,454$10,858,705$10,539,110$12,496,925
73$13,171,365$11,351,972$10,853,362$13,492,910
74$14,474,813$11,868,188$11,176,918$14,578,995
75$15,909,951$12,408,436$11,510,052$15,763,874
76$17,490,173$12,973,857$11,853,046$17,057,106
77$19,230,236$13,565,641$12,206,188$18,469,202
78$21,146,401$14,185,038$12,569,776$20,011,720
79$23,256,588$14,833,359$12,944,118$21,697,373
80$25,580,541$15,511,975$13,329,527$23,540,142
81$28,140,018$16,222,324$13,726,328$25,555,409
82$30,958,996$16,965,913$14,134,856$27,760,093
83$34,063,893$17,744,322$14,555,453$30,172,810
84$37,483,822$18,559,206$14,988,473$32,814,043
85$41,250,865$19,412,300$15,434,279$35,706,329
86$45,400,373$20,305,422$15,893,247$38,874,472
87$49,971,300$21,240,478$16,365,761$42,345,766
88$55,006,576$22,219,464$16,852,216$46,150,254
89$60,553,502$23,244,473$17,353,021$50,321,000
90$66,664,207$24,317,701$17,868,595$54,894,403
91$73,396,133$25,441,445$18,399,370$59,910,526
92$80,812,579$26,618,116$18,945,789$65,413,476
93$88,983,299$27,850,240$19,508,310$71,451,810
94$97,985,159$29,140,465$20,087,402$78,078,987
95$107,902,864$30,491,567$20,683,548$85,353,866
96$118,829,756$31,906,454$21,297,247$93,341,257
97$130,868,696$33,388,175$21,929,010$102,112,519
98$144,133,035$34,939,928$22,579,364$111,746,231
99$158,747,682$36,565,062$23,248,850$122,328,926
100$174,850,285$38,267,089$23,938,026$133,955,895