Can I retire at age 71 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$96,618$95,757$94,917$94,098$93,297$89,702
2 years$47,830$46,940$46,076$45,239$44,427$40,848
3 years$31,570$30,676$29,814$28,985$28,187$24,736
4 years$23,442$22,550$21,697$20,882$20,103$16,807
5 years$18,566$17,679$16,838$16,040$15,282$12,149
6 years$15,316$14,436$13,608$12,827$12,092$9,125
7 years$12,996$12,124$11,308$10,546$9,834$7,032
8 years$11,257$10,392$9,590$8,847$8,158$5,518
9 years$9,905$9,048$8,260$7,535$6,870$4,388
10 years$8,824$7,976$7,201$6,496$5,854$3,524
11 years$7,940$7,100$6,340$5,653$5,035$2,853
12 years$7,204$6,373$5,626$4,958$4,363$2,324
13 years$6,581$5,759$5,027$4,378$3,805$1,902
14 years$6,048$5,235$4,517$3,886$3,335$1,562
15 years$5,587$4,782$4,078$3,466$2,936$1,288
16 years$5,184$4,388$3,697$3,103$2,595$1,064
17 years$4,828$4,041$3,364$2,788$2,301$881
18 years$4,512$3,734$3,071$2,513$2,046$730
19 years$4,230$3,461$2,812$2,270$1,824$607
20 years$3,976$3,216$2,580$2,056$1,629$504
21 years$3,747$2,995$2,373$1,866$1,458$420
22 years$3,539$2,796$2,187$1,697$1,307$350
23 years$3,350$2,615$2,020$1,545$1,173$291
24 years$3,176$2,450$1,868$1,409$1,054$243
25 years$3,016$2,299$1,730$1,287$949$203
26 years$2,869$2,161$1,605$1,177$855$169
27 years$2,734$2,034$1,490$1,077$770$141
28 years$2,608$1,916$1,385$987$695$118
29 years$2,491$1,808$1,289$905$628$98
30 years$2,382$1,707$1,201$831$567$82
31 years$2,280$1,614$1,119$763$513$69
32 years$2,185$1,527$1,044$701$464$57
33 years$2,095$1,446$975$645$420$48
34 years$2,011$1,371$911$593$380$40
35 years$1,933$1,300$852$546$344$34
36 years$1,858$1,234$797$503$312$28
37 years$1,788$1,172$746$463$283$23
38 years$1,722$1,114$698$427$256$20
39 years$1,659$1,059$654$394$232$16
40 years$1,600$1,008$613$363$211$14
41 years$1,543$959$575$335$191$11
42 years$1,490$914$539$309$174$10
43 years$1,439$870$506$286$157$8
44 years$1,390$830$475$264$143$7
45 years$1,344$791$446$243$130$6
46 years$1,300$755$419$225$118$5
47 years$1,258$720$394$208$107$4
48 years$1,218$688$370$192$97$3
49 years$1,179$657$348$177$88$3
50 years$1,142$627$327$164$80$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,170,000, adding $2,598 every year, while hoping to spend $43,403 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: 53/35/12 Blend
70$1,170,000$1,170,000$1,170,000$1,170,000
71$1,292,020$1,230,010$1,211,875$1,356,310
72$1,377,625$1,244,100$1,206,292$1,414,466
73$1,470,508$1,257,426$1,199,068$1,472,821
74$1,571,364$1,269,904$1,190,101$1,535,309
75$1,680,960$1,281,446$1,179,286$1,602,332
76$1,800,138$1,291,957$1,166,512$1,674,334
77$1,929,825$1,301,336$1,151,663$1,751,805
78$2,071,042$1,309,476$1,134,619$1,835,287
79$2,224,911$1,316,262$1,115,251$1,925,377
80$2,392,666$1,321,574$1,093,427$2,022,736
81$2,575,669$1,325,282$1,069,007$2,128,093
82$2,775,415$1,327,248$1,041,846$2,242,255
83$2,993,551$1,327,327$1,011,792$2,366,111
84$3,231,891$1,325,364$978,685$2,500,643
85$3,492,431$1,321,194$942,358$2,646,936
86$3,777,369$1,314,643$902,637$2,806,190
87$4,089,126$1,305,525$859,340$2,979,726
88$4,430,365$1,293,644$812,276$3,169,005
89$4,804,021$1,278,791$761,246$3,375,640
90$5,213,325$1,260,746$706,042$3,601,412
91$5,661,836$1,239,275$646,447$3,848,287
92$6,153,473$1,214,129$582,233$4,118,434
93$6,692,552$1,185,046$513,162$4,414,248
94$7,283,827$1,151,748$438,988$4,738,373
95$7,932,534$1,113,941$359,451$5,093,728
96$8,644,441$1,071,312$274,280$5,483,534
97$9,425,900$1,023,532$183,194$5,911,344
98$10,283,909$970,252$85,899$6,381,082
99$11,226,176$911,104$0$6,897,077
100$12,261,195$845,696$0$7,466,401