Can I retire at age 71 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$113,959$112,944$111,954$110,987$110,043$109,212
2 years$56,415$55,365$54,346$53,359$52,401$51,564
3 years$37,237$36,181$35,166$34,188$33,246$32,427
4 years$27,649$26,597$25,592$24,630$23,711$22,918
5 years$21,898$20,853$19,860$18,918$18,025$17,260
6 years$18,065$17,028$16,050$15,129$14,262$13,526
7 years$15,329$14,300$13,338$12,439$11,599$10,892
8 years$13,277$12,258$11,311$10,434$9,623$8,944
9 years$11,683$10,672$9,742$8,888$8,104$7,454
10 years$10,407$9,407$8,494$7,661$6,905$6,284
11 years$9,365$8,375$7,478$6,668$5,938$5,345
12 years$8,497$7,517$6,636$5,848$5,146$4,581
13 years$7,763$6,793$5,929$5,163$4,487$3,949
14 years$7,134$6,175$5,327$4,583$3,934$3,422
15 years$6,590$5,641$4,810$4,088$3,463$2,977
16 years$6,114$5,175$4,361$3,660$3,061$2,599
17 years$5,695$4,766$3,968$3,288$2,714$2,277
18 years$5,322$4,404$3,622$2,964$2,413$1,999
19 years$4,989$4,082$3,316$2,678$2,151$1,759
20 years$4,690$3,793$3,043$2,425$1,921$1,551
21 years$4,420$3,533$2,799$2,201$1,719$1,370
22 years$4,174$3,298$2,580$2,001$1,541$1,212
23 years$3,951$3,084$2,382$1,823$1,383$1,073
24 years$3,746$2,890$2,203$1,662$1,243$952
25 years$3,558$2,712$2,041$1,518$1,119$845
26 years$3,384$2,549$1,893$1,388$1,008$750
27 years$3,224$2,399$1,757$1,271$909$667
28 years$3,076$2,260$1,634$1,164$820$593
29 years$2,938$2,132$1,520$1,068$740$528
30 years$2,809$2,014$1,416$980$669$470
31 years$2,689$1,904$1,320$900$605$419
32 years$2,577$1,801$1,232$827$547$374
33 years$2,471$1,706$1,150$760$495$333
34 years$2,372$1,617$1,075$700$448$297
35 years$2,279$1,533$1,005$644$406$265
36 years$2,192$1,455$940$593$368$237
37 years$2,109$1,382$880$547$333$211
38 years$2,031$1,314$824$504$302$189
39 years$1,957$1,249$772$464$274$168
40 years$1,887$1,189$723$428$249$150
41 years$1,820$1,131$678$395$226$134
42 years$1,757$1,078$636$365$205$120
43 years$1,697$1,027$597$337$186$107
44 years$1,640$979$560$311$169$96
45 years$1,585$933$526$287$153$86
46 years$1,533$890$494$265$139$77
47 years$1,484$850$464$245$126$69
48 years$1,436$811$436$226$115$61
49 years$1,391$774$410$209$104$55
50 years$1,347$740$386$193$95$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,380,000, adding $3,803 every year, while hoping to spend $24,890 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: 27/47/26 Blend
70$1,380,000$1,380,000$1,380,000$1,380,000
71$1,524,683$1,451,543$1,430,153$1,553,372
72$1,653,718$1,496,186$1,451,580$1,621,336
73$1,795,080$1,542,182$1,472,891$1,691,850
74$1,950,001$1,589,571$1,494,055$1,767,047
75$2,119,836$1,638,395$1,515,041$1,847,344
76$2,306,078$1,688,696$1,535,815$1,933,194
77$2,510,373$1,740,517$1,556,339$2,025,101
78$2,734,532$1,793,903$1,576,578$2,123,614
79$2,980,551$1,848,901$1,596,489$2,229,340
80$3,250,626$1,905,556$1,616,031$2,342,943
81$3,547,181$1,963,919$1,635,159$2,465,158
82$3,872,881$2,024,039$1,653,824$2,596,788
83$4,230,665$2,085,967$1,671,977$2,738,721
84$4,623,769$2,149,756$1,689,565$2,891,931
85$5,055,760$2,215,460$1,706,532$3,057,491
86$5,530,565$2,283,136$1,722,819$3,236,581
87$6,052,513$2,352,840$1,738,363$3,430,501
88$6,626,371$2,424,630$1,753,100$3,640,680
89$7,257,393$2,498,569$1,766,961$3,868,694
90$7,951,365$2,574,717$1,779,872$4,116,275
91$8,714,665$2,653,139$1,791,758$4,385,332
92$9,554,317$2,733,899$1,802,539$4,677,965
93$10,478,063$2,817,066$1,812,129$4,996,489
94$11,494,431$2,902,707$1,820,441$5,343,451
95$12,612,818$2,990,895$1,827,381$5,721,658
96$13,843,578$3,081,701$1,832,851$6,134,199
97$15,198,120$3,175,201$1,836,748$6,584,479
98$16,689,013$3,271,471$1,838,964$7,076,247
99$18,330,109$3,370,590$1,839,386$7,613,631
100$20,136,670$3,472,638$1,837,895$8,201,181