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%14%
1 years$119,740$118,673$117,632$116,617$115,625$113,710
2 years$59,277$58,173$57,103$56,066$55,060$53,135
3 years$39,125$38,017$36,950$35,922$34,932$33,059
4 years$29,052$27,946$26,890$25,880$24,914$23,106
5 years$23,009$21,910$20,868$19,878$18,939$17,202
6 years$18,982$17,891$16,864$15,897$14,986$13,322
7 years$16,106$15,025$14,014$13,070$12,188$10,597
8 years$13,951$12,879$11,885$10,964$10,111$8,593
9 years$12,275$11,214$10,237$9,339$8,515$7,069
10 years$10,935$9,884$8,925$8,050$7,255$5,880
11 years$9,840$8,799$7,857$7,006$6,239$4,934
12 years$8,928$7,898$6,973$6,145$5,407$4,170
13 years$8,156$7,137$6,230$5,425$4,715$3,544
14 years$7,496$6,488$5,598$4,816$4,133$3,026
15 years$6,924$5,927$5,054$4,295$3,639$2,594
16 years$6,424$5,438$4,582$3,846$3,216$2,230
17 years$5,983$5,008$4,169$3,455$2,852$1,923
18 years$5,592$4,627$3,806$3,114$2,536$1,663
19 years$5,242$4,289$3,484$2,814$2,260$1,440
20 years$4,928$3,985$3,198$2,548$2,019$1,249
21 years$4,644$3,712$2,941$2,313$1,807$1,085
22 years$4,386$3,465$2,711$2,103$1,619$944
23 years$4,151$3,241$2,503$1,915$1,454$822
24 years$3,936$3,036$2,315$1,747$1,307$717
25 years$3,738$2,850$2,144$1,595$1,176$625
26 years$3,556$2,678$1,989$1,459$1,059$546
27 years$3,388$2,520$1,846$1,335$955$477
28 years$3,232$2,375$1,717$1,223$862$417
29 years$3,087$2,241$1,597$1,122$778$364
30 years$2,952$2,116$1,488$1,029$703$319
31 years$2,825$2,000$1,387$945$635$279
32 years$2,707$1,893$1,294$869$575$244
33 years$2,597$1,792$1,208$799$520$214
34 years$2,493$1,699$1,129$735$471$187
35 years$2,395$1,611$1,056$677$427$164
36 years$2,303$1,529$988$623$387$144
37 years$2,216$1,453$924$574$350$126
38 years$2,134$1,380$866$529$318$110
39 years$2,056$1,313$811$488$288$97
40 years$1,982$1,249$760$450$261$85
41 years$1,912$1,189$713$415$237$74
42 years$1,846$1,132$669$383$215$65
43 years$1,783$1,079$627$354$195$57
44 years$1,723$1,028$589$327$177$50
45 years$1,666$981$553$302$161$44
46 years$1,611$935$519$279$146$38
47 years$1,559$893$488$257$133$34
48 years$1,509$852$458$238$120$30
49 years$1,461$814$431$220$109$26
50 years$1,416$777$405$203$99$23

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 $2,174 every year, while hoping to spend $35,185 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: 34/50/16 Blend
70$1,450,000$1,450,000$1,450,000$1,450,000
71$1,600,142$1,523,292$1,500,817$1,646,539
72$1,725,920$1,560,497$1,513,658$1,717,863
73$1,863,349$1,598,346$1,525,750$1,791,282
74$2,013,578$1,636,833$1,537,030$1,869,700
75$2,177,876$1,675,950$1,547,434$1,953,578
76$2,357,638$1,715,691$1,556,892$2,043,423
77$2,554,401$1,756,043$1,565,332$2,139,792
78$2,769,857$1,796,996$1,572,677$2,243,303
79$3,005,868$1,838,535$1,578,848$2,354,631
80$3,264,488$1,880,645$1,583,761$2,474,524
81$3,547,976$1,923,306$1,587,326$2,603,804
82$3,858,820$1,966,499$1,589,453$2,743,378
83$4,199,762$2,010,200$1,590,042$2,894,245
84$4,573,822$2,054,384$1,588,993$3,057,506
85$4,984,325$2,099,022$1,586,197$3,234,374
86$5,434,935$2,144,083$1,581,543$3,426,187
87$5,929,686$2,189,531$1,574,913$3,634,419
88$6,473,024$2,235,328$1,566,182$3,860,695
89$7,069,846$2,281,432$1,555,223$4,106,806
90$7,725,545$2,327,798$1,541,898$4,374,728
91$8,446,065$2,374,374$1,526,066$4,666,637
92$9,237,952$2,421,107$1,507,577$4,984,932
93$10,108,419$2,467,937$1,486,277$5,332,260
94$11,065,412$2,514,800$1,462,001$5,711,538
95$12,117,685$2,561,626$1,434,579$6,125,980
96$13,274,883$2,608,340$1,403,832$6,579,131
97$14,547,633$2,654,860$1,369,572$7,074,900
98$15,947,643$2,701,100$1,331,604$7,617,596
99$17,487,813$2,746,964$1,289,723$8,211,967
100$19,182,356$2,792,351$1,243,714$8,863,251