Can I retire at age 71 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$114,785$113,762$112,765$111,791$110,841$109,592
2 years$56,824$55,766$54,740$53,746$52,781$51,524
3 years$37,507$36,444$35,421$34,435$33,487$32,260
4 years$27,850$26,790$25,777$24,809$23,883$22,697
5 years$22,057$21,004$20,004$19,056$18,155$17,013
6 years$18,196$17,151$16,166$15,239$14,366$13,268
7 years$15,440$14,403$13,434$12,529$11,683$10,631
8 years$13,374$12,346$11,393$10,510$9,692$8,685
9 years$11,767$10,750$9,813$8,952$8,162$7,200
10 years$10,483$9,475$8,555$7,717$6,955$6,037
11 years$9,433$8,435$7,532$6,716$5,981$5,107
12 years$8,558$7,571$6,684$5,891$5,183$4,352
13 years$7,819$6,842$5,972$5,201$4,520$3,730
14 years$7,186$6,219$5,366$4,617$3,962$3,212
15 years$6,637$5,681$4,845$4,117$3,489$2,778
16 years$6,158$5,213$4,392$3,687$3,083$2,411
17 years$5,736$4,801$3,997$3,312$2,734$2,098
18 years$5,361$4,436$3,649$2,985$2,431$1,831
19 years$5,025$4,111$3,340$2,697$2,167$1,601
20 years$4,724$3,820$3,065$2,443$1,935$1,402
21 years$4,452$3,559$2,820$2,217$1,732$1,230
22 years$4,205$3,322$2,599$2,016$1,552$1,081
23 years$3,979$3,107$2,399$1,836$1,393$951
24 years$3,773$2,911$2,219$1,674$1,252$837
25 years$3,584$2,732$2,055$1,529$1,127$738
26 years$3,409$2,567$1,906$1,398$1,015$651
27 years$3,248$2,416$1,770$1,280$915$574
28 years$3,098$2,277$1,646$1,173$826$507
29 years$2,959$2,148$1,531$1,075$746$448
30 years$2,829$2,028$1,426$987$674$396
31 years$2,709$1,918$1,330$906$609$351
32 years$2,595$1,814$1,241$833$551$310
33 years$2,489$1,718$1,158$766$499$275
34 years$2,390$1,628$1,082$705$452$243
35 years$2,296$1,545$1,012$649$409$215
36 years$2,208$1,466$947$597$371$191
37 years$2,124$1,392$886$551$336$169
38 years$2,046$1,323$830$507$304$150
39 years$1,971$1,258$777$468$276$133
40 years$1,900$1,197$729$432$250$118
41 years$1,833$1,140$683$398$227$104
42 years$1,770$1,085$641$367$206$92
43 years$1,709$1,034$601$339$187$82
44 years$1,652$986$565$313$170$73
45 years$1,597$940$530$289$154$64
46 years$1,544$897$498$267$140$57
47 years$1,494$856$468$247$127$51
48 years$1,447$817$440$228$115$45
49 years$1,401$780$413$211$105$40
50 years$1,357$745$388$195$95$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,390,000, adding $3,732 every year, while hoping to spend $48,786 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: 66/29/5 Blend
70$1,390,000$1,390,000$1,390,000$1,390,000
71$1,535,630$1,461,960$1,440,415$1,635,750
72$1,640,356$1,481,688$1,436,761$1,722,371
73$1,754,129$1,500,747$1,431,349$1,810,776
74$1,877,821$1,519,054$1,424,070$1,906,072
75$2,012,389$1,536,519$1,414,806$2,008,925
76$2,158,889$1,553,044$1,403,439$2,120,067
77$2,318,480$1,568,528$1,389,839$2,240,303
78$2,492,441$1,582,862$1,373,874$2,370,522
79$2,682,176$1,595,928$1,355,405$2,511,705
80$2,889,233$1,607,603$1,334,286$2,664,930
81$3,115,314$1,617,755$1,310,363$2,831,390
82$3,362,293$1,626,242$1,283,478$3,012,395
83$3,632,235$1,632,916$1,253,462$3,209,394
84$3,927,411$1,637,617$1,220,141$3,423,981
85$4,250,322$1,640,176$1,183,332$3,657,915
86$4,603,724$1,640,413$1,142,842$3,913,134
87$4,990,648$1,638,138$1,098,471$4,191,777
88$5,414,435$1,633,147$1,050,011$4,496,200
89$5,878,762$1,625,226$997,241$4,829,001
90$6,387,681$1,614,147$939,934$5,193,047
91$6,945,652$1,599,668$877,849$5,591,495
92$7,557,588$1,581,531$810,737$6,027,828
93$8,228,901$1,559,466$738,336$6,505,887
94$8,965,552$1,533,183$660,373$7,029,905
95$9,774,107$1,502,377$576,564$7,604,550
96$10,661,797$1,466,725$486,610$8,234,968
97$11,636,590$1,425,884$390,201$8,926,835
98$12,707,262$1,379,492$287,012$9,686,405
99$13,883,479$1,327,164$176,704$10,520,578
100$15,175,893$1,268,494$58,923$11,436,957