Can I retire at age 71 with 1,260,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$104,050$103,123$102,219$101,336$100,474$98,769
2 years$51,510$50,550$49,621$48,719$47,845$46,132
3 years$33,999$33,035$32,108$31,215$30,355$28,688
4 years$25,245$24,284$23,366$22,489$21,649$20,041
5 years$19,994$19,039$18,133$17,273$16,457$14,913
6 years$16,495$15,547$14,654$13,814$13,022$11,542
7 years$13,996$13,056$12,178$11,357$10,591$9,176
8 years$12,123$11,192$10,328$9,527$8,786$7,437
9 years$10,667$9,744$8,895$8,115$7,399$6,114
10 years$9,502$8,589$7,755$6,995$6,304$5,083
11 years$8,551$7,646$6,827$6,088$5,422$4,263
12 years$7,758$6,863$6,059$5,340$4,699$3,600
13 years$7,088$6,202$5,414$4,714$4,097$3,057
14 years$6,514$5,638$4,864$4,185$3,592$2,609
15 years$6,017$5,150$4,392$3,732$3,162$2,235
16 years$5,582$4,725$3,982$3,342$2,795$1,920
17 years$5,199$4,352$3,623$3,003$2,478$1,655
18 years$4,859$4,021$3,307$2,706$2,203$1,429
19 years$4,555$3,727$3,028$2,445$1,964$1,237
20 years$4,282$3,463$2,779$2,214$1,754$1,072
21 years$4,036$3,226$2,556$2,010$1,570$931
22 years$3,811$3,011$2,356$1,827$1,407$809
23 years$3,607$2,816$2,175$1,664$1,263$704
24 years$3,420$2,639$2,012$1,518$1,135$613
25 years$3,248$2,476$1,863$1,386$1,022$535
26 years$3,090$2,327$1,728$1,267$920$466
27 years$2,944$2,190$1,605$1,160$830$407
28 years$2,808$2,064$1,492$1,063$749$355
29 years$2,682$1,947$1,388$975$676$311
30 years$2,565$1,839$1,293$895$611$271
31 years$2,455$1,738$1,205$822$552$237
32 years$2,353$1,645$1,125$755$500$208
33 years$2,256$1,558$1,050$694$452$182
34 years$2,166$1,476$981$639$409$159
35 years$2,081$1,400$917$588$371$139
36 years$2,001$1,329$858$542$336$122
37 years$1,926$1,262$803$499$304$107
38 years$1,854$1,200$752$460$276$93
39 years$1,787$1,141$705$424$250$82
40 years$1,723$1,085$660$391$227$72
41 years$1,662$1,033$619$361$206$63
42 years$1,604$984$581$333$187$55
43 years$1,549$937$545$307$170$48
44 years$1,497$894$512$284$154$42
45 years$1,447$852$480$262$140$37
46 years$1,400$813$451$242$127$32
47 years$1,355$776$424$224$115$28
48 years$1,311$740$398$207$105$25
49 years$1,270$707$374$191$95$22
50 years$1,230$675$352$177$86$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,260,000, adding $5,313 every year, while hoping to spend $55,323 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: 42/28/30 Blend
70$1,260,000$1,260,000$1,260,000$1,260,000
71$1,394,000$1,327,220$1,307,690$1,440,115
72$1,477,325$1,333,391$1,292,635$1,480,111
73$1,567,295$1,338,010$1,275,221$1,517,833
74$1,664,529$1,340,942$1,255,310$1,557,653
75$1,769,708$1,342,045$1,232,760$1,599,798
76$1,883,580$1,341,168$1,207,420$1,644,523
77$2,006,969$1,338,148$1,179,132$1,692,114
78$2,140,777$1,332,815$1,147,730$1,742,888
79$2,286,001$1,324,987$1,113,044$1,797,199
80$2,443,734$1,314,472$1,074,891$1,855,440
81$2,615,179$1,301,066$1,033,085$1,918,050
82$2,801,660$1,284,551$987,426$1,985,517
83$3,004,634$1,264,699$937,709$2,058,384
84$3,225,703$1,241,266$883,719$2,137,255
85$3,466,632$1,213,994$825,230$2,222,801
86$3,729,359$1,182,611$762,007$2,315,766
87$4,016,023$1,146,828$693,803$2,416,980
88$4,328,974$1,106,340$620,362$2,527,360
89$4,670,801$1,060,821$541,416$2,647,927
90$5,044,352$1,009,931$456,683$2,779,811
91$5,452,765$953,307$365,871$2,924,269
92$5,899,494$890,566$268,674$3,082,692
93$6,388,341$821,302$164,774$3,256,621
94$6,923,494$745,089$53,836$3,447,767
95$7,509,565$661,472$0$3,658,022
96$8,151,631$569,975$0$3,910,149
97$8,855,284$470,090$0$4,205,540
98$9,626,684$361,286$0$4,529,636
99$10,472,614$242,997$0$4,885,412
100$11,400,544$114,628$0$5,276,148