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%17.1%
1 years$113,959$112,944$111,954$110,987$110,043$106,863
2 years$56,415$55,365$54,346$53,359$52,401$49,223
3 years$37,237$36,181$35,166$34,188$33,246$30,168
4 years$27,649$26,597$25,592$24,630$23,711$20,758
5 years$21,898$20,853$19,860$18,918$18,025$15,205
6 years$18,065$17,028$16,050$15,129$14,262$11,578
7 years$15,329$14,300$13,338$12,439$11,599$9,050
8 years$13,277$12,258$11,311$10,434$9,623$7,207
9 years$11,683$10,672$9,742$8,888$8,104$5,819
10 years$10,407$9,407$8,494$7,661$6,905$4,749
11 years$9,365$8,375$7,478$6,668$5,938$3,907
12 years$8,497$7,517$6,636$5,848$5,146$3,235
13 years$7,763$6,793$5,929$5,163$4,487$2,693
14 years$7,134$6,175$5,327$4,583$3,934$2,252
15 years$6,590$5,641$4,810$4,088$3,463$1,889
16 years$6,114$5,175$4,361$3,660$3,061$1,589
17 years$5,695$4,766$3,968$3,288$2,714$1,340
18 years$5,322$4,404$3,622$2,964$2,413$1,132
19 years$4,989$4,082$3,316$2,678$2,151$958
20 years$4,690$3,793$3,043$2,425$1,921$812
21 years$4,420$3,533$2,799$2,201$1,719$689
22 years$4,174$3,298$2,580$2,001$1,541$585
23 years$3,951$3,084$2,382$1,823$1,383$497
24 years$3,746$2,890$2,203$1,662$1,243$423
25 years$3,558$2,712$2,041$1,518$1,119$360
26 years$3,384$2,549$1,893$1,388$1,008$307
27 years$3,224$2,399$1,757$1,271$909$261
28 years$3,076$2,260$1,634$1,164$820$223
29 years$2,938$2,132$1,520$1,068$740$190
30 years$2,809$2,014$1,416$980$669$162
31 years$2,689$1,904$1,320$900$605$138
32 years$2,577$1,801$1,232$827$547$118
33 years$2,471$1,706$1,150$760$495$100
34 years$2,372$1,617$1,075$700$448$86
35 years$2,279$1,533$1,005$644$406$73
36 years$2,192$1,455$940$593$368$62
37 years$2,109$1,382$880$547$333$53
38 years$2,031$1,314$824$504$302$45
39 years$1,957$1,249$772$464$274$39
40 years$1,887$1,189$723$428$249$33
41 years$1,820$1,131$678$395$226$28
42 years$1,757$1,078$636$365$205$24
43 years$1,697$1,027$597$337$186$21
44 years$1,640$979$560$311$169$18
45 years$1,585$933$526$287$153$15
46 years$1,533$890$494$265$139$13
47 years$1,484$850$464$245$126$11
48 years$1,436$811$436$226$115$9
49 years$1,391$774$410$209$104$8
50 years$1,347$740$386$193$95$7

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 $6,862 every year, while hoping to spend $59,849 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: 51/43/6 Blend
70$1,380,000$1,380,000$1,380,000$1,380,000
71$1,527,838$1,454,698$1,433,308$1,603,194
72$1,619,999$1,462,299$1,417,645$1,662,762
73$1,719,554$1,468,267$1,399,451$1,720,428
74$1,827,195$1,472,459$1,378,579$1,781,676
75$1,943,680$1,474,721$1,354,874$1,846,854
76$2,069,846$1,474,893$1,328,172$1,916,349
77$2,206,610$1,472,802$1,298,306$1,990,588
78$2,354,982$1,468,267$1,265,096$2,070,047
79$2,516,071$1,461,093$1,228,358$2,155,250
80$2,691,099$1,451,076$1,187,897$2,246,779
81$2,881,409$1,437,996$1,143,510$2,345,278
82$3,088,479$1,421,625$1,094,984$2,451,461
83$3,313,936$1,401,715$1,042,097$2,566,117
84$3,559,567$1,378,009$984,617$2,690,121
85$3,827,342$1,350,231$922,301$2,824,440
86$4,119,428$1,318,090$854,896$2,970,147
87$4,438,211$1,281,277$782,135$3,128,424
88$4,786,315$1,239,467$703,744$3,300,585
89$5,166,632$1,192,313$619,432$3,488,080
90$5,582,342$1,139,450$528,896$3,692,514
91$6,036,949$1,080,491$431,822$3,915,661
92$6,534,310$1,015,028$327,881$4,159,486
93$7,078,672$942,626$216,727$4,426,158
94$7,674,712$862,830$98,003$4,718,077
95$8,327,579$775,155$0$5,037,897
96$9,042,945$679,091$0$5,390,388
97$9,827,056$574,097$0$5,783,770
98$10,686,791$459,603$0$6,215,370
99$11,629,726$335,006$0$6,689,176
100$12,664,206$199,669$0$7,209,589