Can I retire at age 71 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$109,830$108,852$107,897$106,966$106,056$103,957
2 years$54,371$53,359$52,377$51,426$50,503$48,397
3 years$35,888$34,871$33,892$32,949$32,041$29,994
4 years$26,647$25,634$24,664$23,738$22,852$20,880
5 years$21,105$20,097$19,141$18,233$17,372$15,480
6 years$17,411$16,411$15,468$14,581$13,746$11,936
7 years$14,773$13,782$12,854$11,988$11,179$9,452
8 years$12,796$11,813$10,902$10,056$9,274$7,629
9 years$11,259$10,286$9,389$8,566$7,810$6,246
10 years$10,030$9,066$8,186$7,384$6,655$5,170
11 years$9,026$8,071$7,207$6,426$5,723$4,317
12 years$8,189$7,244$6,396$5,637$4,960$3,629
13 years$7,481$6,547$5,714$4,976$4,325$3,068
14 years$6,876$5,951$5,134$4,417$3,791$2,605
15 years$6,351$5,436$4,636$3,939$3,338$2,221
16 years$5,892$4,988$4,203$3,527$2,950$1,899
17 years$5,488$4,593$3,824$3,169$2,616$1,629
18 years$5,129$4,244$3,491$2,856$2,326$1,399
19 years$4,809$3,934$3,196$2,581$2,073$1,205
20 years$4,520$3,655$2,933$2,337$1,852$1,039
21 years$4,260$3,405$2,698$2,121$1,657$897
22 years$4,023$3,178$2,487$1,929$1,485$776
23 years$3,808$2,973$2,296$1,757$1,333$671
24 years$3,610$2,785$2,123$1,602$1,198$582
25 years$3,429$2,614$1,967$1,463$1,078$504
26 years$3,262$2,457$1,824$1,338$971$437
27 years$3,107$2,312$1,694$1,225$876$380
28 years$2,964$2,178$1,574$1,122$790$330
29 years$2,831$2,055$1,465$1,029$714$286
30 years$2,707$1,941$1,365$944$645$249
31 years$2,592$1,835$1,272$867$583$216
32 years$2,483$1,736$1,187$797$527$188
33 years$2,382$1,644$1,108$733$477$164
34 years$2,287$1,558$1,036$674$432$142
35 years$2,197$1,478$968$621$391$124
36 years$2,112$1,403$906$572$355$108
37 years$2,033$1,332$848$527$321$94
38 years$1,957$1,266$794$486$291$82
39 years$1,886$1,204$744$448$264$71
40 years$1,818$1,146$697$413$240$62
41 years$1,754$1,090$654$381$217$54
42 years$1,693$1,038$613$352$197$47
43 years$1,635$989$575$325$179$41
44 years$1,580$943$540$300$163$36
45 years$1,528$899$507$277$148$31
46 years$1,478$858$476$256$134$27
47 years$1,430$819$448$236$122$23
48 years$1,384$782$421$218$110$20
49 years$1,340$746$395$202$100$18
50 years$1,299$713$372$186$91$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,330,000, adding $3,898 every year, while hoping to spend $49,509 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: 56/39/5 Blend
70$1,330,000$1,330,000$1,330,000$1,330,000
71$1,469,681$1,399,191$1,378,576$1,550,317
72$1,566,911$1,415,074$1,372,081$1,620,899
73$1,672,399$1,430,076$1,363,709$1,691,832
74$1,786,936$1,444,102$1,353,345$1,767,851
75$1,911,390$1,457,049$1,340,869$1,849,444
76$2,046,717$1,468,810$1,326,153$1,937,149
77$2,193,969$1,479,268$1,309,066$2,031,564
78$2,354,303$1,488,301$1,289,469$2,133,343
79$2,528,992$1,495,778$1,267,216$2,243,212
80$2,719,438$1,501,560$1,242,157$2,361,971
81$2,927,182$1,505,499$1,214,131$2,490,503
82$3,153,924$1,507,437$1,182,973$2,629,783
83$3,401,530$1,507,207$1,148,508$2,780,887
84$3,672,057$1,504,632$1,110,555$2,945,002
85$3,967,772$1,499,523$1,068,923$3,123,439
86$4,291,165$1,491,681$1,023,413$3,317,646
87$4,644,984$1,480,893$973,817$3,529,217
88$5,032,249$1,466,934$919,917$3,759,916
89$5,456,291$1,449,565$861,486$4,011,688
90$5,920,773$1,428,534$798,286$4,286,678
91$6,429,732$1,403,573$730,069$4,587,256
92$6,987,614$1,374,398$656,576$4,916,036
93$7,599,315$1,340,707$577,535$5,275,901
94$8,270,226$1,302,183$492,664$5,670,035
95$9,006,287$1,258,488$401,667$6,101,951
96$9,814,041$1,209,266$304,234$6,575,524
97$10,700,692$1,154,139$200,045$7,095,029
98$11,674,179$1,092,708$88,763$7,665,186
99$12,743,245$1,024,551$0$8,291,198
100$13,917,522$949,220$0$8,980,409