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

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$106,527$105,578$104,652$103,749$102,866$101,329
2 years$52,736$51,754$50,802$49,879$48,984$47,439
3 years$34,808$33,822$32,872$31,958$31,077$29,572
4 years$25,846$24,863$23,923$23,024$22,165$20,711
5 years$20,470$19,493$18,565$17,685$16,849$15,452
6 years$16,887$15,917$15,003$14,143$13,332$11,992
7 years$14,329$13,367$12,468$11,627$10,843$9,560
8 years$12,411$11,458$10,574$9,754$8,995$7,770
9 years$10,921$9,976$9,107$8,308$7,575$6,408
10 years$9,729$8,794$7,940$7,162$6,454$5,343
11 years$8,754$7,829$6,990$6,233$5,551$4,495
12 years$7,943$7,026$6,203$5,467$4,810$3,808
13 years$7,256$6,350$5,542$4,827$4,195$3,245
14 years$6,669$5,772$4,980$4,284$3,677$2,778
15 years$6,160$5,273$4,496$3,821$3,238$2,388
16 years$5,715$4,838$4,076$3,421$2,861$2,059
17 years$5,323$4,455$3,709$3,074$2,537$1,781
18 years$4,975$4,117$3,386$2,770$2,256$1,544
19 years$4,664$3,815$3,100$2,503$2,011$1,341
20 years$4,384$3,545$2,845$2,267$1,796$1,167
21 years$4,132$3,302$2,617$2,058$1,607$1,017
22 years$3,902$3,083$2,412$1,871$1,441$887
23 years$3,693$2,883$2,227$1,704$1,293$775
24 years$3,502$2,701$2,059$1,554$1,162$678
25 years$3,326$2,535$1,907$1,419$1,046$593
26 years$3,164$2,383$1,769$1,298$942$519
27 years$3,014$2,242$1,643$1,188$849$455
28 years$2,875$2,113$1,527$1,088$766$399
29 years$2,746$1,993$1,421$998$692$350
30 years$2,626$1,882$1,324$916$625$307
31 years$2,514$1,780$1,234$841$565$270
32 years$2,409$1,684$1,151$773$511$237
33 years$2,310$1,595$1,075$711$463$208
34 years$2,218$1,511$1,004$654$419$183
35 years$2,131$1,433$939$602$380$161
36 years$2,049$1,361$879$555$344$141
37 years$1,971$1,292$822$511$312$124
38 years$1,898$1,228$770$471$283$109
39 years$1,829$1,168$721$434$256$96
40 years$1,764$1,111$676$400$232$84
41 years$1,701$1,058$634$370$211$74
42 years$1,642$1,007$595$341$191$65
43 years$1,586$960$558$315$174$58
44 years$1,533$915$524$291$158$51
45 years$1,482$872$492$268$143$45
46 years$1,433$832$462$248$130$39
47 years$1,387$794$434$229$118$34
48 years$1,342$758$408$212$107$30
49 years$1,300$724$383$196$97$27
50 years$1,259$692$360$181$88$24

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 $3,414 every year, while hoping to spend $24,332 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: 30/44/26 Blend
70$1,290,000$1,290,000$1,290,000$1,290,000
71$1,425,102$1,356,732$1,336,737$1,456,332
72$1,544,573$1,397,322$1,355,628$1,521,431
73$1,675,415$1,439,087$1,374,337$1,589,041
74$1,818,761$1,482,056$1,392,832$1,661,285
75$1,975,861$1,526,263$1,411,078$1,738,582
76$2,148,091$1,571,742$1,429,041$1,821,393
77$2,336,964$1,618,525$1,446,682$1,910,225
78$2,544,151$1,666,649$1,463,962$2,005,634
79$2,771,488$1,716,149$1,480,838$2,108,233
80$3,021,000$1,767,060$1,497,267$2,218,697
81$3,294,917$1,819,422$1,513,201$2,337,767
82$3,595,696$1,873,271$1,528,590$2,466,260
83$3,926,043$1,928,646$1,543,383$2,605,075
84$4,288,937$1,985,588$1,557,524$2,755,199
85$4,687,664$2,044,137$1,570,956$2,917,723
86$5,125,840$2,104,334$1,583,618$3,093,846
87$5,607,451$2,166,222$1,595,445$3,284,886
88$6,136,888$2,229,844$1,606,369$3,492,298
89$6,718,988$2,295,243$1,616,320$3,717,681
90$7,359,081$2,362,466$1,625,223$3,962,800
91$8,063,037$2,431,558$1,632,998$4,229,594
92$8,837,328$2,502,565$1,639,564$4,520,202
93$9,689,079$2,575,535$1,644,834$4,836,979
94$10,626,146$2,650,516$1,648,716$5,182,520
95$11,657,179$2,727,558$1,651,114$5,559,682
96$12,791,714$2,806,710$1,651,929$5,971,613
97$14,040,254$2,888,025$1,651,054$6,421,781
98$15,414,375$2,971,553$1,648,379$6,914,008
99$16,926,830$3,057,347$1,643,789$7,452,502
100$18,591,670$3,145,462$1,637,160$8,041,902