Can I retire at age 71 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$108,179$107,215$106,275$105,357$104,461$101,320
2 years$53,554$52,556$51,590$50,653$49,743$46,605
3 years$35,348$34,346$33,382$32,454$31,559$28,523
4 years$26,247$25,248$24,294$23,381$22,508$19,596
5 years$20,787$19,795$18,853$17,959$17,110$14,331
6 years$17,149$16,164$15,236$14,362$13,539$10,894
7 years$14,551$13,574$12,661$11,808$11,011$8,501
8 years$12,604$11,636$10,738$9,905$9,135$6,758
9 years$11,090$10,131$9,248$8,437$7,693$5,447
10 years$9,880$8,930$8,063$7,273$6,554$4,437
11 years$8,890$7,950$7,098$6,329$5,637$3,643
12 years$8,066$7,135$6,300$5,552$4,885$3,011
13 years$7,369$6,448$5,628$4,901$4,260$2,501
14 years$6,772$5,861$5,057$4,351$3,734$2,087
15 years$6,255$5,354$4,566$3,880$3,288$1,747
16 years$5,804$4,913$4,140$3,474$2,906$1,466
17 years$5,406$4,524$3,767$3,122$2,576$1,234
18 years$5,052$4,181$3,439$2,813$2,291$1,040
19 years$4,736$3,875$3,148$2,542$2,042$878
20 years$4,452$3,600$2,889$2,302$1,824$743
21 years$4,196$3,354$2,657$2,089$1,632$629
22 years$3,963$3,131$2,449$1,900$1,463$533
23 years$3,750$2,928$2,261$1,730$1,313$452
24 years$3,556$2,743$2,091$1,578$1,180$383
25 years$3,377$2,574$1,937$1,441$1,062$325
26 years$3,213$2,420$1,797$1,318$957$276
27 years$3,061$2,277$1,668$1,206$863$235
28 years$2,920$2,146$1,551$1,105$778$200
29 years$2,789$2,024$1,443$1,013$703$170
30 years$2,667$1,912$1,344$930$635$144
31 years$2,553$1,807$1,253$854$574$123
32 years$2,446$1,710$1,169$785$519$105
33 years$2,346$1,619$1,092$722$470$89
34 years$2,252$1,535$1,020$664$426$76
35 years$2,164$1,456$954$611$385$64
36 years$2,081$1,382$892$563$349$55
37 years$2,002$1,312$835$519$317$47
38 years$1,928$1,247$782$478$287$40
39 years$1,858$1,186$733$441$260$34
40 years$1,791$1,128$687$407$236$29
41 years$1,728$1,074$644$375$214$25
42 years$1,668$1,023$604$346$194$21
43 years$1,611$975$567$320$176$18
44 years$1,556$929$532$295$160$15
45 years$1,505$886$500$273$145$13
46 years$1,455$845$469$252$132$11
47 years$1,408$806$441$233$120$9
48 years$1,363$770$414$215$109$8
49 years$1,320$735$389$199$99$7
50 years$1,279$702$366$184$90$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,310,000, adding $4,037 every year, while hoping to spend $30,178 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: 59/18/23 Blend
70$1,310,000$1,310,000$1,310,000$1,310,000
71$1,447,784$1,378,354$1,358,049$1,524,077
72$1,563,349$1,413,784$1,371,435$1,611,869
73$1,689,690$1,449,939$1,384,257$1,703,966
74$1,827,874$1,486,822$1,396,466$1,803,757
75$1,979,078$1,524,437$1,408,007$1,911,994
76$2,144,593$1,562,784$1,418,826$2,029,507
77$2,325,847$1,601,865$1,428,861$2,157,207
78$2,524,407$1,641,680$1,438,052$2,296,100
79$2,742,002$1,682,228$1,446,332$2,447,293
80$2,980,535$1,723,506$1,453,633$2,612,009
81$3,242,102$1,765,510$1,459,882$2,791,591
82$3,529,012$1,808,236$1,465,003$2,987,521
83$3,843,807$1,851,675$1,468,917$3,201,433
84$4,189,289$1,895,821$1,471,539$3,435,127
85$4,568,543$1,940,662$1,472,782$3,690,584
86$4,984,966$1,986,187$1,472,553$3,969,992
87$5,442,304$2,032,381$1,470,754$4,275,759
88$5,944,679$2,079,228$1,467,285$4,610,538
89$6,496,636$2,126,710$1,462,038$4,977,254
90$7,103,178$2,174,804$1,454,902$5,379,132
91$7,769,820$2,223,487$1,445,759$5,819,724
92$8,502,636$2,272,733$1,434,486$6,302,946
93$9,308,319$2,322,511$1,420,956$6,833,111
94$10,194,241$2,372,788$1,405,032$7,414,977
95$11,168,527$2,423,527$1,386,573$8,053,785
96$12,240,125$2,474,689$1,365,432$8,755,310
97$13,418,898$2,526,228$1,341,453$9,525,919
98$14,715,709$2,578,097$1,314,476$10,372,630
99$16,142,529$2,630,241$1,284,329$11,303,173
100$17,712,548$2,682,605$1,250,835$12,326,073