Can I retire at age 71 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$124,694$123,584$122,500$121,442$120,410$119,500
2 years$61,730$60,580$59,466$58,386$57,338$56,421
3 years$40,744$39,590$38,478$37,408$36,377$35,482
4 years$30,254$29,103$28,002$26,951$25,945$25,077
5 years$23,961$22,817$21,731$20,701$19,723$18,885
6 years$19,767$18,632$17,562$16,554$15,606$14,800
7 years$16,773$15,647$14,594$13,610$12,692$11,918
8 years$14,528$13,412$12,377$11,417$10,529$9,787
9 years$12,783$11,678$10,660$9,725$8,867$8,156
10 years$11,388$10,293$9,294$8,383$7,555$6,876
11 years$10,247$9,164$8,182$7,296$6,498$5,849
12 years$9,297$8,225$7,261$6,399$5,631$5,012
13 years$8,494$7,433$6,488$5,650$4,910$4,321
14 years$7,806$6,756$5,829$5,015$4,304$3,744
15 years$7,211$6,172$5,263$4,473$3,790$3,258
16 years$6,690$5,663$4,772$4,005$3,349$2,844
17 years$6,231$5,215$4,342$3,598$2,970$2,491
18 years$5,823$4,819$3,964$3,243$2,641$2,187
19 years$5,459$4,466$3,629$2,930$2,354$1,925
20 years$5,132$4,150$3,330$2,654$2,102$1,697
21 years$4,836$3,866$3,063$2,408$1,881$1,499
22 years$4,568$3,608$2,823$2,190$1,686$1,326
23 years$4,323$3,375$2,607$1,994$1,514$1,174
24 years$4,099$3,162$2,411$1,819$1,361$1,041
25 years$3,893$2,967$2,233$1,661$1,224$924
26 years$3,703$2,789$2,071$1,519$1,103$821
27 years$3,528$2,625$1,923$1,390$994$730
28 years$3,365$2,473$1,788$1,274$897$649
29 years$3,214$2,333$1,664$1,168$810$578
30 years$3,074$2,204$1,549$1,072$732$515
31 years$2,942$2,083$1,445$985$662$459
32 years$2,819$1,971$1,348$905$599$409
33 years$2,704$1,867$1,258$832$542$365
34 years$2,596$1,769$1,176$766$491$325
35 years$2,494$1,678$1,099$705$444$290
36 years$2,398$1,593$1,028$649$403$259
37 years$2,308$1,513$963$598$365$231
38 years$2,222$1,438$901$551$331$206
39 years$2,141$1,367$844$508$300$184
40 years$2,064$1,301$792$469$272$165
41 years$1,992$1,238$742$433$247$147
42 years$1,922$1,179$696$399$224$131
43 years$1,857$1,123$653$368$203$117
44 years$1,794$1,071$613$340$184$105
45 years$1,734$1,021$576$314$167$94
46 years$1,678$974$541$290$152$84
47 years$1,623$930$508$268$138$75
48 years$1,571$887$477$248$125$67
49 years$1,522$847$449$229$114$60
50 years$1,474$809$422$212$103$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,510,000, adding $3,263 every year, while hoping to spend $48,528 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: 51/23/26 Blend
70$1,510,000$1,510,000$1,510,000$1,510,000
71$1,667,386$1,587,356$1,563,951$1,740,092
72$1,785,826$1,613,503$1,564,710$1,817,130
73$1,914,720$1,639,305$1,563,868$1,895,688
74$2,055,084$1,664,693$1,561,320$1,980,136
75$2,208,034$1,689,595$1,556,956$2,071,058
76$2,374,801$1,713,932$1,550,661$2,169,093
77$2,556,736$1,737,620$1,542,313$2,274,949
78$2,755,330$1,760,570$1,531,787$2,389,407
79$2,972,220$1,782,685$1,518,949$2,513,332
80$3,209,213$1,803,863$1,503,660$2,647,673
81$3,468,295$1,823,994$1,485,775$2,793,483
82$3,751,653$1,842,962$1,465,140$2,951,923
83$4,061,695$1,860,641$1,441,596$3,124,271
84$4,401,074$1,876,898$1,414,976$3,311,943
85$4,772,711$1,891,593$1,385,104$3,516,498
86$5,179,819$1,904,573$1,351,798$3,739,659
87$5,625,942$1,915,679$1,314,864$3,983,325
88$6,114,980$1,924,739$1,274,104$4,249,594
89$6,651,228$1,931,571$1,229,307$4,540,779
90$7,239,418$1,935,983$1,180,253$4,859,435
91$7,884,761$1,937,768$1,126,714$5,208,380
92$8,592,997$1,936,709$1,068,449$5,590,721
93$9,370,449$1,932,573$1,005,208$6,009,891
94$10,224,081$1,925,116$936,729$6,469,674
95$11,161,565$1,914,075$862,737$6,974,245
96$12,191,354$1,899,174$782,948$7,528,210
97$13,322,758$1,880,119$697,063$8,136,653
98$14,566,033$1,856,599$604,768$8,805,177
99$15,932,480$1,828,283$505,739$9,539,968
100$17,434,546$1,794,823$399,635$10,347,846