Can I retire at age 71 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$118,088$117,036$116,010$115,008$114,030$111,591
2 years$58,459$57,371$56,316$55,292$54,300$51,855
3 years$38,586$37,492$36,440$35,426$34,450$32,075
4 years$28,651$27,561$26,519$25,523$24,570$22,283
5 years$22,692$21,608$20,580$19,604$18,678$16,485
6 years$18,720$17,645$16,631$15,677$14,779$12,684
7 years$15,884$14,818$13,821$12,889$12,019$10,021
8 years$13,758$12,702$11,721$10,812$9,971$8,070
9 years$12,106$11,059$10,095$9,210$8,397$6,591
10 years$10,785$9,748$8,801$7,939$7,155$5,443
11 years$9,704$8,678$7,749$6,909$6,153$4,533
12 years$8,805$7,789$6,877$6,060$5,332$3,801
13 years$8,044$7,039$6,144$5,350$4,650$3,204
14 years$7,393$6,398$5,520$4,749$4,076$2,714
15 years$6,828$5,845$4,984$4,236$3,589$2,307
16 years$6,335$5,363$4,519$3,793$3,172$1,967
17 years$5,901$4,939$4,112$3,408$2,812$1,682
18 years$5,515$4,564$3,754$3,071$2,501$1,441
19 years$5,170$4,230$3,436$2,775$2,229$1,237
20 years$4,860$3,930$3,154$2,513$1,991$1,064
21 years$4,580$3,661$2,901$2,281$1,782$916
22 years$4,326$3,417$2,674$2,074$1,597$789
23 years$4,094$3,196$2,469$1,889$1,434$681
24 years$3,882$2,995$2,283$1,723$1,289$588
25 years$3,687$2,810$2,114$1,573$1,159$508
26 years$3,507$2,641$1,961$1,438$1,044$439
27 years$3,341$2,486$1,821$1,317$942$380
28 years$3,187$2,342$1,693$1,206$850$329
29 years$3,044$2,210$1,575$1,106$767$285
30 years$2,911$2,087$1,467$1,015$693$247
31 years$2,786$1,973$1,368$932$627$214
32 years$2,670$1,867$1,276$857$567$185
33 years$2,561$1,768$1,192$788$513$161
34 years$2,458$1,675$1,114$725$465$139
35 years$2,362$1,589$1,041$667$421$121
36 years$2,271$1,508$974$615$381$105
37 years$2,185$1,432$912$566$346$91
38 years$2,104$1,361$854$522$313$79
39 years$2,028$1,295$800$481$284$68
40 years$1,955$1,232$750$444$258$59
41 years$1,886$1,172$703$410$234$51
42 years$1,821$1,117$659$378$212$45
43 years$1,758$1,064$619$349$192$39
44 years$1,699$1,014$581$322$175$34
45 years$1,643$967$545$298$159$29
46 years$1,589$922$512$275$144$25
47 years$1,537$880$481$254$131$22
48 years$1,488$840$452$235$119$19
49 years$1,441$803$425$217$108$17
50 years$1,396$767$400$200$98$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,430,000, adding $4,108 every year, while hoping to spend $41,108 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: 60/26/14 Blend
70$1,430,000$1,430,000$1,430,000$1,430,000
71$1,580,097$1,504,307$1,482,142$1,669,163
72$1,697,529$1,534,280$1,488,056$1,759,611
73$1,825,560$1,564,343$1,492,789$1,853,259
74$1,965,230$1,594,459$1,496,260$1,954,436
75$2,117,680$1,624,584$1,498,381$2,063,874
76$2,284,168$1,654,673$1,499,061$2,182,380
77$2,466,078$1,684,676$1,498,205$2,310,840
78$2,664,933$1,714,541$1,495,710$2,450,235
79$2,882,413$1,744,210$1,491,473$2,601,641
80$3,120,363$1,773,621$1,485,382$2,766,249
81$3,380,819$1,802,707$1,477,321$2,945,368
82$3,666,020$1,831,397$1,467,168$3,140,442
83$3,978,432$1,859,614$1,454,797$3,353,063
84$4,320,773$1,887,275$1,440,073$3,584,985
85$4,696,034$1,914,294$1,422,857$3,838,142
86$5,107,509$1,940,574$1,403,003$4,114,667
87$5,558,828$1,966,015$1,380,356$4,416,908
88$6,053,987$1,990,508$1,354,757$4,747,456
89$6,597,390$2,013,939$1,326,038$5,109,167
90$7,193,885$2,036,184$1,294,022$5,505,188
91$7,848,816$2,057,111$1,258,525$5,938,989
92$8,568,065$2,076,580$1,219,356$6,414,394
93$9,358,116$2,094,440$1,176,313$6,935,621
94$10,226,110$2,110,534$1,129,185$7,507,317
95$11,179,913$2,124,690$1,077,753$8,134,605
96$12,228,192$2,136,728$1,021,786$8,823,134
97$13,380,496$2,146,456$961,044$9,579,129
98$14,647,342$2,153,668$895,275$10,409,455
99$16,040,322$2,158,149$824,217$11,321,676
100$17,572,202$2,159,665$747,596$12,324,133