Can I retire at age 71 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$115,611$114,581$113,576$112,596$111,638$110,334
2 years$57,233$56,167$55,134$54,132$53,161$51,849
3 years$37,776$36,706$35,675$34,683$33,727$32,448
4 years$28,050$26,983$25,963$24,987$24,055$22,817
5 years$22,216$21,155$20,148$19,193$18,286$17,094
6 years$18,327$17,274$16,283$15,349$14,469$13,324
7 years$15,551$14,507$13,531$12,619$11,767$10,670
8 years$13,470$12,435$11,475$10,586$9,762$8,712
9 years$11,852$10,827$9,884$9,017$8,221$7,218
10 years$10,558$9,544$8,617$7,772$7,005$6,048
11 years$9,501$8,496$7,586$6,764$6,024$5,114
12 years$8,620$7,626$6,732$5,933$5,221$4,354
13 years$7,875$6,891$6,015$5,238$4,552$3,730
14 years$7,237$6,264$5,405$4,650$3,991$3,210
15 years$6,685$5,722$4,880$4,147$3,514$2,774
16 years$6,203$5,250$4,424$3,713$3,105$2,406
17 years$5,777$4,835$4,026$3,336$2,753$2,093
18 years$5,399$4,468$3,675$3,007$2,448$1,824
19 years$5,062$4,141$3,364$2,717$2,182$1,594
20 years$4,758$3,848$3,088$2,460$1,949$1,395
21 years$4,484$3,584$2,840$2,233$1,744$1,223
22 years$4,235$3,346$2,617$2,030$1,563$1,074
23 years$4,008$3,129$2,417$1,849$1,403$944
24 years$3,800$2,932$2,235$1,686$1,261$830
25 years$3,609$2,751$2,070$1,540$1,135$731
26 years$3,434$2,586$1,920$1,408$1,022$645
27 years$3,271$2,434$1,783$1,289$922$568
28 years$3,120$2,293$1,657$1,181$832$502
29 years$2,980$2,163$1,542$1,083$751$443
30 years$2,850$2,043$1,437$994$679$391
31 years$2,728$1,931$1,339$913$614$346
32 years$2,614$1,827$1,250$839$555$306
33 years$2,507$1,731$1,167$771$502$270
34 years$2,407$1,640$1,090$710$455$239
35 years$2,312$1,556$1,019$653$412$212
36 years$2,224$1,477$953$602$373$187
37 years$2,140$1,402$892$554$338$166
38 years$2,060$1,333$836$511$307$147
39 years$1,985$1,267$783$471$278$130
40 years$1,914$1,206$734$435$252$115
41 years$1,847$1,148$688$401$229$102
42 years$1,782$1,093$646$370$208$90
43 years$1,721$1,042$606$342$188$80
44 years$1,663$993$569$315$171$71
45 years$1,608$947$534$291$155$63
46 years$1,555$903$501$269$141$56
47 years$1,505$862$471$249$128$49
48 years$1,457$823$443$230$116$44
49 years$1,411$786$416$212$106$39
50 years$1,367$751$391$196$96$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,400,000, adding $6,374 every year, while hoping to spend $34,637 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: 42/36/22 Blend
70$1,400,000$1,400,000$1,400,000$1,400,000
71$1,549,375$1,475,175$1,453,475$1,604,228
72$1,670,558$1,510,605$1,465,313$1,679,334
73$1,802,940$1,546,610$1,476,386$1,756,800
74$1,947,628$1,583,182$1,486,633$1,839,989
75$2,105,839$1,620,311$1,495,989$1,929,448
76$2,278,914$1,657,985$1,504,383$2,025,776
77$2,468,327$1,696,191$1,511,745$2,129,636
78$2,675,706$1,734,914$1,517,997$2,241,755
79$2,902,839$1,774,135$1,523,061$2,362,939
80$3,151,697$1,813,836$1,526,852$2,494,073
81$3,424,450$1,853,995$1,529,282$2,636,134
82$3,723,490$1,894,586$1,530,259$2,790,197
83$4,051,449$1,935,584$1,529,685$2,957,448
84$4,411,227$1,976,958$1,527,460$3,139,197
85$4,806,018$2,018,675$1,523,476$3,336,885
86$5,239,340$2,060,698$1,517,621$3,552,100
87$5,715,069$2,102,989$1,509,777$3,786,595
88$6,237,474$2,145,503$1,499,822$4,042,302
89$6,811,258$2,188,194$1,487,628$4,321,350
90$7,441,600$2,231,009$1,473,057$4,626,087
91$8,134,209$2,273,894$1,455,970$4,959,102
92$8,895,371$2,316,788$1,436,218$5,323,248
93$9,732,013$2,359,624$1,413,645$5,721,670
94$10,651,765$2,402,334$1,388,090$6,157,837
95$11,663,036$2,444,839$1,359,382$6,635,574
96$12,775,088$2,487,057$1,327,343$7,159,096
97$13,998,125$2,528,901$1,291,787$7,733,049
98$15,343,391$2,570,275$1,252,519$8,362,559
99$16,823,274$2,611,075$1,209,335$9,053,274
100$18,451,423$2,651,193$1,162,023$9,811,421