Can I retire at age 71 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$119,740$118,673$117,632$116,617$115,625$112,647
2 years$59,277$58,173$57,103$56,066$55,060$52,079
3 years$39,125$38,017$36,950$35,922$34,932$32,042
4 years$29,052$27,946$26,890$25,880$24,914$22,137
5 years$23,009$21,910$20,868$19,878$18,939$16,283
6 years$18,982$17,891$16,864$15,897$14,986$12,453
7 years$16,106$15,025$14,014$13,070$12,188$9,778
8 years$13,951$12,879$11,885$10,964$10,111$7,824
9 years$12,275$11,214$10,237$9,339$8,515$6,348
10 years$10,935$9,884$8,925$8,050$7,255$5,206
11 years$9,840$8,799$7,857$7,006$6,239$4,305
12 years$8,928$7,898$6,973$6,145$5,407$3,584
13 years$8,156$7,137$6,230$5,425$4,715$3,000
14 years$7,496$6,488$5,598$4,816$4,133$2,522
15 years$6,924$5,927$5,054$4,295$3,639$2,127
16 years$6,424$5,438$4,582$3,846$3,216$1,800
17 years$5,983$5,008$4,169$3,455$2,852$1,527
18 years$5,592$4,627$3,806$3,114$2,536$1,298
19 years$5,242$4,289$3,484$2,814$2,260$1,105
20 years$4,928$3,985$3,198$2,548$2,019$942
21 years$4,644$3,712$2,941$2,313$1,807$804
22 years$4,386$3,465$2,711$2,103$1,619$687
23 years$4,151$3,241$2,503$1,915$1,454$588
24 years$3,936$3,036$2,315$1,747$1,307$503
25 years$3,738$2,850$2,144$1,595$1,176$431
26 years$3,556$2,678$1,989$1,459$1,059$369
27 years$3,388$2,520$1,846$1,335$955$317
28 years$3,232$2,375$1,717$1,223$862$272
29 years$3,087$2,241$1,597$1,122$778$233
30 years$2,952$2,116$1,488$1,029$703$200
31 years$2,825$2,000$1,387$945$635$172
32 years$2,707$1,893$1,294$869$575$148
33 years$2,597$1,792$1,208$799$520$127
34 years$2,493$1,699$1,129$735$471$109
35 years$2,395$1,611$1,056$677$427$94
36 years$2,303$1,529$988$623$387$80
37 years$2,216$1,453$924$574$350$69
38 years$2,134$1,380$866$529$318$59
39 years$2,056$1,313$811$488$288$51
40 years$1,982$1,249$760$450$261$44
41 years$1,912$1,189$713$415$237$38
42 years$1,846$1,132$669$383$215$32
43 years$1,783$1,079$627$354$195$28
44 years$1,723$1,028$589$327$177$24
45 years$1,666$981$553$302$161$21
46 years$1,611$935$519$279$146$18
47 years$1,559$893$488$257$133$15
48 years$1,509$852$458$238$120$13
49 years$1,461$814$431$220$109$11
50 years$1,416$777$405$203$99$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,450,000, adding $3,659 every year, while hoping to spend $57,641 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: 58/30/12 Blend
70$1,450,000$1,450,000$1,450,000$1,450,000
71$1,601,674$1,524,824$1,502,349$1,689,616
72$1,703,715$1,538,211$1,491,348$1,762,755
73$1,814,233$1,550,322$1,478,047$1,835,706
74$1,934,031$1,561,034$1,462,307$1,913,850
75$2,063,992$1,570,214$1,443,985$1,997,693
76$2,205,089$1,577,725$1,422,929$2,087,794
77$2,358,391$1,583,417$1,398,980$2,184,770
78$2,525,074$1,587,131$1,371,973$2,289,302
79$2,706,432$1,588,701$1,341,734$2,402,143
80$2,903,888$1,587,947$1,308,082$2,524,125
81$3,119,008$1,584,680$1,270,826$2,656,166
82$3,353,517$1,578,699$1,229,769$2,799,280
83$3,609,311$1,569,791$1,184,702$2,954,586
84$3,888,479$1,557,729$1,135,408$3,123,321
85$4,193,320$1,542,273$1,081,659$3,306,851
86$4,526,362$1,523,169$1,023,219$3,506,684
87$4,890,393$1,500,146$959,838$3,724,484
88$5,288,479$1,472,919$891,259$3,962,091
89$5,723,996$1,441,184$817,208$4,221,532
90$6,200,663$1,404,621$737,404$4,505,050
91$6,722,574$1,362,891$651,550$4,815,118
92$7,294,237$1,315,634$559,338$5,154,465
93$7,920,618$1,262,468$460,444$5,526,106
94$8,607,184$1,202,992$354,532$5,933,368
95$9,359,958$1,136,780$241,250$6,379,922
96$10,185,572$1,063,380$120,230$6,869,821
97$11,091,332$982,317$0$7,407,537
98$12,085,285$893,088$0$7,999,147
99$13,176,294$795,159$0$8,665,459
100$14,374,122$687,969$0$9,397,124