Can I retire at age 71 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$93,314$92,483$91,672$90,881$90,108$88,433
2 years$46,195$45,335$44,501$43,693$42,908$41,228
3 years$30,491$29,627$28,795$27,994$27,223$25,588
4 years$22,640$21,779$20,955$20,168$19,416$17,840
5 years$17,931$17,075$16,262$15,491$14,759$13,247
6 years$14,793$13,943$13,142$12,388$11,679$10,231
7 years$12,552$11,709$10,921$10,185$9,498$8,115
8 years$10,872$10,037$9,262$8,544$7,879$6,562
9 years$9,566$8,739$7,978$7,278$6,636$5,382
10 years$8,522$7,703$6,955$6,273$5,654$4,463
11 years$7,668$6,858$6,123$5,460$4,862$3,733
12 years$6,957$6,155$5,434$4,789$4,214$3,145
13 years$6,356$5,562$4,855$4,228$3,674$2,664
14 years$5,842$5,056$4,362$3,753$3,221$2,267
15 years$5,396$4,619$3,938$3,347$2,836$1,936
16 years$5,006$4,238$3,571$2,997$2,506$1,659
17 years$4,663$3,903$3,249$2,693$2,222$1,426
18 years$4,358$3,606$2,966$2,427$1,976$1,228
19 years$4,085$3,342$2,715$2,193$1,761$1,060
20 years$3,841$3,106$2,492$1,986$1,573$916
21 years$3,619$2,893$2,292$1,802$1,408$793
22 years$3,418$2,700$2,113$1,639$1,262$687
23 years$3,235$2,526$1,951$1,492$1,133$596
24 years$3,067$2,366$1,804$1,361$1,018$517
25 years$2,913$2,221$1,671$1,243$916$450
26 years$2,771$2,087$1,550$1,137$825$391
27 years$2,640$1,964$1,439$1,040$744$340
28 years$2,519$1,851$1,338$953$671$296
29 years$2,405$1,746$1,245$874$606$258
30 years$2,300$1,649$1,160$802$548$225
31 years$2,202$1,559$1,081$737$495$196
32 years$2,110$1,475$1,009$677$448$171
33 years$2,024$1,397$942$623$405$149
34 years$1,943$1,324$880$573$367$130
35 years$1,866$1,256$823$527$332$113
36 years$1,795$1,192$770$486$301$99
37 years$1,727$1,132$720$448$273$86
38 years$1,663$1,076$675$413$248$75
39 years$1,602$1,023$632$380$224$66
40 years$1,545$973$592$351$204$57
41 years$1,490$926$555$324$185$50
42 years$1,439$882$521$299$168$44
43 years$1,389$841$489$276$152$38
44 years$1,343$801$459$255$138$33
45 years$1,298$764$431$235$125$29
46 years$1,255$729$405$217$114$25
47 years$1,215$696$380$201$103$22
48 years$1,176$664$357$185$94$19
49 years$1,139$634$336$171$85$17
50 years$1,103$606$316$158$77$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,130,000, adding $6,934 every year, while hoping to spend $45,226 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: 52/32/16 Blend
70$1,130,000$1,130,000$1,130,000$1,130,000
71$1,252,412$1,192,522$1,175,007$1,311,758
72$1,332,038$1,202,836$1,166,250$1,363,495
73$1,418,270$1,212,139$1,155,684$1,414,397
74$1,511,735$1,220,334$1,143,200$1,468,759
75$1,613,119$1,227,319$1,128,684$1,526,920
76$1,723,182$1,232,981$1,112,020$1,589,258
77$1,842,754$1,237,206$1,093,080$1,656,192
78$1,972,753$1,239,867$1,071,737$1,728,181
79$2,114,187$1,240,833$1,047,852$1,805,738
80$2,268,163$1,239,963$1,021,285$1,889,427
81$2,435,902$1,237,107$991,884$1,979,872
82$2,618,746$1,232,108$959,495$2,077,764
83$2,818,174$1,224,797$923,953$2,183,865
84$3,035,812$1,214,996$885,090$2,299,022
85$3,273,449$1,202,515$842,724$2,424,165
86$3,533,057$1,187,154$796,672$2,560,327
87$3,816,804$1,168,700$746,736$2,708,647
88$4,127,081$1,146,929$692,714$2,870,386
89$4,466,515$1,121,601$634,392$3,046,934
90$4,838,004$1,092,464$571,549$3,239,830
91$5,244,736$1,059,250$503,951$3,450,772
92$5,690,223$1,021,677$431,357$3,681,639
93$6,178,330$979,443$353,512$3,934,504
94$6,713,317$932,233$270,152$4,211,656
95$7,299,873$879,711$181,000$4,515,626
96$7,943,165$821,522$85,769$4,849,206
97$8,648,882$757,291$0$5,215,483
98$9,423,291$686,621$0$5,620,570
99$10,273,294$609,093$0$6,081,321
100$11,206,496$524,264$0$6,587,288