Can I retire at age 71 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$104,875$103,941$103,030$102,140$101,272$99,758
2 years$51,919$50,952$50,014$49,106$48,225$46,703
3 years$34,269$33,297$32,363$31,463$30,596$29,114
4 years$25,445$24,477$23,552$22,667$21,821$20,390
5 years$20,153$19,190$18,277$17,410$16,588$15,212
6 years$16,625$15,670$14,771$13,923$13,126$11,806
7 years$14,107$13,160$12,274$11,447$10,675$9,412
8 years$12,219$11,281$10,410$9,603$8,856$7,650
9 years$10,751$9,822$8,966$8,179$7,458$6,308
10 years$9,578$8,657$7,817$7,051$6,354$5,260
11 years$8,618$7,707$6,882$6,136$5,465$4,425
12 years$7,819$6,918$6,107$5,382$4,736$3,749
13 years$7,144$6,251$5,456$4,752$4,130$3,194
14 years$6,565$5,682$4,903$4,218$3,620$2,735
15 years$6,064$5,191$4,426$3,762$3,187$2,351
16 years$5,627$4,763$4,013$3,368$2,817$2,027
17 years$5,241$4,386$3,652$3,026$2,498$1,753
18 years$4,898$4,053$3,334$2,727$2,221$1,520
19 years$4,592$3,756$3,052$2,464$1,980$1,320
20 years$4,316$3,491$2,801$2,232$1,768$1,149
21 years$4,068$3,251$2,576$2,026$1,582$1,001
22 years$3,842$3,035$2,374$1,842$1,418$873
23 years$3,636$2,839$2,192$1,677$1,273$763
24 years$3,447$2,660$2,028$1,530$1,144$667
25 years$3,274$2,496$1,878$1,397$1,030$584
26 years$3,115$2,346$1,742$1,277$928$511
27 years$2,967$2,208$1,617$1,169$836$448
28 years$2,831$2,080$1,503$1,071$755$393
29 years$2,704$1,962$1,399$982$681$345
30 years$2,585$1,853$1,303$902$616$302
31 years$2,475$1,752$1,215$828$557$266
32 years$2,371$1,658$1,134$761$503$233
33 years$2,274$1,570$1,058$700$456$205
34 years$2,183$1,488$989$644$413$180
35 years$2,098$1,411$925$593$374$158
36 years$2,017$1,339$865$546$339$139
37 years$1,941$1,272$810$503$307$122
38 years$1,869$1,209$758$464$278$108
39 years$1,801$1,150$710$427$252$95
40 years$1,736$1,094$666$394$229$83
41 years$1,675$1,041$624$364$208$73
42 years$1,617$992$586$336$188$64
43 years$1,562$945$549$310$171$57
44 years$1,509$901$516$286$155$50
45 years$1,459$859$484$264$141$44
46 years$1,411$819$455$244$128$39
47 years$1,365$782$427$226$116$34
48 years$1,322$746$402$208$105$30
49 years$1,280$713$377$193$96$26
50 years$1,240$681$355$178$87$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,270,000, adding $2,401 every year, while hoping to spend $53,906 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: 34/48/18 Blend
70$1,270,000$1,270,000$1,270,000$1,270,000
71$1,402,017$1,334,707$1,315,022$1,441,833
72$1,487,667$1,342,752$1,301,719$1,479,344
73$1,580,247$1,349,384$1,286,165$1,514,594
74$1,680,406$1,354,478$1,268,225$1,551,469
75$1,788,859$1,357,899$1,247,763$1,590,144
76$1,906,392$1,359,505$1,224,632$1,630,814
77$2,033,867$1,359,145$1,198,680$1,673,698
78$2,172,235$1,356,657$1,169,750$1,719,043
79$2,322,541$1,351,871$1,137,674$1,767,122
80$2,485,933$1,344,605$1,102,279$1,818,243
81$2,663,676$1,334,668$1,063,383$1,872,749
82$2,857,160$1,321,856$1,020,795$1,931,023
83$3,067,915$1,305,952$974,317$1,993,493
84$3,297,627$1,286,728$923,741$2,060,636
85$3,548,147$1,263,940$868,849$2,132,984
86$3,821,517$1,237,332$809,415$2,211,130
87$4,119,982$1,206,632$745,200$2,295,734
88$4,446,013$1,171,550$675,957$2,387,530
89$4,802,332$1,131,781$601,427$2,487,337
90$5,191,934$1,087,003$521,339$2,596,064
91$5,618,118$1,036,873$435,411$2,714,723
92$6,084,517$981,030$343,348$2,844,438
93$6,595,128$919,091$244,840$2,986,457
94$7,154,356$850,652$139,568$3,142,167
95$7,767,052$775,285$27,194$3,313,107
96$8,438,555$692,537$0$3,500,987
97$9,174,748$601,932$0$3,725,511
98$9,982,110$502,965$0$3,977,703
99$10,867,777$395,101$0$4,254,740
100$11,839,607$277,778$0$4,559,283