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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$104,050$103,123$102,219$101,336$100,474$97,025
2 years$51,510$50,550$49,621$48,719$47,845$44,405
3 years$33,999$33,035$32,108$31,215$30,355$27,032
4 years$25,245$24,284$23,366$22,489$21,649$18,470
5 years$19,994$19,039$18,133$17,273$16,457$13,429
6 years$16,495$15,547$14,654$13,814$13,022$10,147
7 years$13,996$13,056$12,178$11,357$10,591$7,869
8 years$12,123$11,192$10,328$9,527$8,786$6,215
9 years$10,667$9,744$8,895$8,115$7,399$4,976
10 years$9,502$8,589$7,755$6,995$6,304$4,025
11 years$8,551$7,646$6,827$6,088$5,422$3,281
12 years$7,758$6,863$6,059$5,340$4,699$2,692
13 years$7,088$6,202$5,414$4,714$4,097$2,220
14 years$6,514$5,638$4,864$4,185$3,592$1,838
15 years$6,017$5,150$4,392$3,732$3,162$1,527
16 years$5,582$4,725$3,982$3,342$2,795$1,271
17 years$5,199$4,352$3,623$3,003$2,478$1,061
18 years$4,859$4,021$3,307$2,706$2,203$887
19 years$4,555$3,727$3,028$2,445$1,964$743
20 years$4,282$3,463$2,779$2,214$1,754$623
21 years$4,036$3,226$2,556$2,010$1,570$523
22 years$3,811$3,011$2,356$1,827$1,407$439
23 years$3,607$2,816$2,175$1,664$1,263$369
24 years$3,420$2,639$2,012$1,518$1,135$311
25 years$3,248$2,476$1,863$1,386$1,022$261
26 years$3,090$2,327$1,728$1,267$920$220
27 years$2,944$2,190$1,605$1,160$830$185
28 years$2,808$2,064$1,492$1,063$749$156
29 years$2,682$1,947$1,388$975$676$132
30 years$2,565$1,839$1,293$895$611$111
31 years$2,455$1,738$1,205$822$552$94
32 years$2,353$1,645$1,125$755$500$79
33 years$2,256$1,558$1,050$694$452$67
34 years$2,166$1,476$981$639$409$56
35 years$2,081$1,400$917$588$371$47
36 years$2,001$1,329$858$542$336$40
37 years$1,926$1,262$803$499$304$34
38 years$1,854$1,200$752$460$276$28
39 years$1,787$1,141$705$424$250$24
40 years$1,723$1,085$660$391$227$20
41 years$1,662$1,033$619$361$206$17
42 years$1,604$984$581$333$187$14
43 years$1,549$937$545$307$170$12
44 years$1,497$894$512$284$154$10
45 years$1,447$852$480$262$140$9
46 years$1,400$813$451$242$127$7
47 years$1,355$776$424$224$115$6
48 years$1,311$740$398$207$105$5
49 years$1,270$707$374$191$95$4
50 years$1,230$675$352$177$86$4

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 $4,377 every year, while hoping to spend $48,821 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: 47/28/25 Blend
70$1,260,000$1,260,000$1,260,000$1,260,000
71$1,393,035$1,326,255$1,306,725$1,448,365
72$1,483,179$1,339,296$1,298,555$1,500,728
73$1,580,882$1,351,340$1,288,475$1,552,380
74$1,686,863$1,362,287$1,276,370$1,607,477
75$1,801,913$1,372,029$1,262,118$1,666,367
76$1,926,902$1,380,452$1,245,593$1,729,434
77$2,062,787$1,387,436$1,226,662$1,797,104
78$2,210,622$1,392,851$1,205,186$1,869,850
79$2,371,566$1,396,560$1,181,019$1,948,192
80$2,546,892$1,398,419$1,154,010$2,032,711
81$2,738,005$1,398,271$1,124,000$2,124,045
82$2,946,448$1,395,953$1,090,820$2,222,904
83$3,173,921$1,391,290$1,054,298$2,330,072
84$3,422,295$1,384,097$1,014,251$2,446,416
85$3,693,629$1,374,178$970,488$2,572,896
86$3,990,191$1,361,324$922,811$2,710,575
87$4,314,475$1,345,314$871,010$2,860,625
88$4,669,231$1,325,914$814,869$3,024,346
89$5,057,485$1,302,875$754,159$3,203,174
90$5,482,568$1,275,936$688,643$3,398,695
91$5,948,150$1,244,817$618,072$3,612,665
92$6,458,272$1,209,224$542,188$3,847,023
93$7,017,384$1,168,843$460,720$4,103,913
94$7,630,386$1,123,346$373,383$4,385,702
95$8,302,678$1,072,383$279,884$4,695,009
96$9,040,204$1,015,582$179,913$5,034,723
97$9,849,514$952,555$73,149$5,408,041
98$10,737,820$882,885$0$5,818,488
99$11,713,068$806,138$0$6,280,843
100$12,784,012$721,849$0$6,810,058