Can I retire at age 71 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$106,527$105,578$104,652$103,749$102,866$101,962
2 years$52,736$51,754$50,802$49,879$48,984$48,073
3 years$34,808$33,822$32,872$31,958$31,077$30,187
4 years$25,846$24,863$23,923$23,024$22,165$21,303
5 years$20,470$19,493$18,565$17,685$16,849$16,018
6 years$16,887$15,917$15,003$14,143$13,332$12,533
7 years$14,329$13,367$12,468$11,627$10,843$10,075
8 years$12,411$11,458$10,574$9,754$8,995$8,260
9 years$10,921$9,976$9,107$8,308$7,575$6,872
10 years$9,729$8,794$7,940$7,162$6,454$5,782
11 years$8,754$7,829$6,990$6,233$5,551$4,910
12 years$7,943$7,026$6,203$5,467$4,810$4,199
13 years$7,256$6,350$5,542$4,827$4,195$3,613
14 years$6,669$5,772$4,980$4,284$3,677$3,125
15 years$6,160$5,273$4,496$3,821$3,238$2,713
16 years$5,715$4,838$4,076$3,421$2,861$2,364
17 years$5,323$4,455$3,709$3,074$2,537$2,066
18 years$4,975$4,117$3,386$2,770$2,256$1,810
19 years$4,664$3,815$3,100$2,503$2,011$1,590
20 years$4,384$3,545$2,845$2,267$1,796$1,399
21 years$4,132$3,302$2,617$2,058$1,607$1,233
22 years$3,902$3,083$2,412$1,871$1,441$1,088
23 years$3,693$2,883$2,227$1,704$1,293$961
24 years$3,502$2,701$2,059$1,554$1,162$850
25 years$3,326$2,535$1,907$1,419$1,046$753
26 years$3,164$2,383$1,769$1,298$942$667
27 years$3,014$2,242$1,643$1,188$849$592
28 years$2,875$2,113$1,527$1,088$766$525
29 years$2,746$1,993$1,421$998$692$466
30 years$2,626$1,882$1,324$916$625$414
31 years$2,514$1,780$1,234$841$565$368
32 years$2,409$1,684$1,151$773$511$328
33 years$2,310$1,595$1,075$711$463$291
34 years$2,218$1,511$1,004$654$419$259
35 years$2,131$1,433$939$602$380$231
36 years$2,049$1,361$879$555$344$205
37 years$1,971$1,292$822$511$312$183
38 years$1,898$1,228$770$471$283$163
39 years$1,829$1,168$721$434$256$145
40 years$1,764$1,111$676$400$232$129
41 years$1,701$1,058$634$370$211$115
42 years$1,642$1,007$595$341$191$103
43 years$1,586$960$558$315$174$91
44 years$1,533$915$524$291$158$82
45 years$1,482$872$492$268$143$73
46 years$1,433$832$462$248$130$65
47 years$1,387$794$434$229$118$58
48 years$1,342$758$408$212$107$52
49 years$1,300$724$383$196$97$46
50 years$1,259$692$360$181$88$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,290,000, adding $5,857 every year, while hoping to spend $30,850 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: 47/25/28 Blend
70$1,290,000$1,290,000$1,290,000$1,290,000
71$1,427,621$1,359,251$1,339,256$1,483,020
72$1,540,415$1,393,031$1,351,297$1,556,487
73$1,663,679$1,427,431$1,362,708$1,632,726
74$1,798,450$1,462,451$1,373,434$1,714,891
75$1,945,867$1,498,086$1,383,419$1,803,555
76$2,107,185$1,534,332$1,392,604$1,899,351
77$2,283,788$1,571,185$1,400,926$2,002,975
78$2,477,197$1,608,635$1,408,320$2,115,194
79$2,689,088$1,646,675$1,414,716$2,236,855
80$2,921,308$1,685,295$1,420,041$2,368,889
81$3,175,888$1,724,482$1,424,220$2,512,324
82$3,455,070$1,764,222$1,427,171$2,668,295
83$3,761,317$1,804,499$1,428,812$2,838,048
84$4,097,348$1,845,296$1,429,053$3,022,962
85$4,466,153$1,886,591$1,427,803$3,224,553
86$4,871,029$1,928,363$1,424,963$3,444,495
87$5,315,607$1,970,585$1,420,432$3,684,632
88$5,803,885$2,013,230$1,414,102$3,946,997
89$6,340,269$2,056,266$1,405,862$4,233,832
90$6,929,612$2,099,659$1,395,594$4,547,607
91$7,577,261$2,143,371$1,383,176$4,891,046
92$8,289,107$2,187,361$1,368,477$5,267,152
93$9,071,639$2,231,584$1,351,364$5,679,235
94$9,932,005$2,275,991$1,331,694$6,130,945
95$10,878,083$2,320,529$1,309,319$6,626,304
96$11,918,551$2,365,138$1,284,085$7,169,748
97$13,062,971$2,409,757$1,255,829$7,766,164
98$14,321,876$2,454,317$1,224,381$8,420,943
99$15,706,873$2,498,745$1,189,564$9,140,026
100$17,230,752$2,542,961$1,151,192$9,929,961