Can I retire at age 71 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$126,346$125,221$124,123$123,051$122,004$120,780
2 years$62,548$61,383$60,254$59,159$58,097$56,865
3 years$41,284$40,114$38,988$37,904$36,859$35,656
4 years$30,655$29,488$28,373$27,308$26,288$25,124
5 years$24,278$23,119$22,019$20,975$19,984$18,862
6 years$20,029$18,878$17,795$16,774$15,813$14,734
7 years$16,995$15,854$14,787$13,791$12,860$11,825
8 years$14,721$13,590$12,541$11,569$10,669$9,677
9 years$12,952$11,832$10,801$9,854$8,984$8,037
10 years$11,539$10,430$9,417$8,494$7,655$6,751
11 years$10,383$9,285$8,291$7,392$6,584$5,721
12 years$9,420$8,334$7,358$6,484$5,705$4,884
13 years$8,606$7,531$6,574$5,725$4,975$4,195
14 years$7,910$6,846$5,906$5,082$4,361$3,620
15 years$7,306$6,254$5,333$4,532$3,840$3,137
16 years$6,778$5,738$4,835$4,058$3,394$2,728
17 years$6,313$5,284$4,399$3,646$3,009$2,379
18 years$5,901$4,883$4,016$3,286$2,676$2,080
19 years$5,532$4,525$3,677$2,969$2,385$1,823
20 years$5,200$4,205$3,374$2,689$2,130$1,600
21 years$4,900$3,917$3,104$2,440$1,906$1,407
22 years$4,628$3,656$2,860$2,219$1,709$1,239
23 years$4,380$3,420$2,641$2,021$1,534$1,092
24 years$4,153$3,204$2,443$1,843$1,379$964
25 years$3,945$3,007$2,262$1,683$1,241$852
26 years$3,752$2,826$2,098$1,539$1,117$753
27 years$3,575$2,660$1,948$1,409$1,007$666
28 years$3,410$2,506$1,811$1,291$909$590
29 years$3,257$2,364$1,686$1,184$821$523
30 years$3,114$2,233$1,570$1,086$742$463
31 years$2,981$2,111$1,464$998$671$411
32 years$2,857$1,997$1,366$917$607$364
33 years$2,740$1,891$1,275$843$549$323
34 years$2,630$1,793$1,191$776$497$287
35 years$2,527$1,700$1,114$714$450$255
36 years$2,430$1,614$1,042$658$408$226
37 years$2,338$1,533$975$606$370$201
38 years$2,252$1,457$913$559$335$178
39 years$2,170$1,385$856$515$304$159
40 years$2,092$1,318$802$475$276$141
41 years$2,018$1,254$752$438$250$125
42 years$1,948$1,195$705$404$227$111
43 years$1,881$1,138$662$373$206$99
44 years$1,818$1,085$621$345$187$88
45 years$1,757$1,035$583$318$170$78
46 years$1,700$987$548$294$154$70
47 years$1,645$942$515$272$140$62
48 years$1,592$899$484$251$127$55
49 years$1,542$859$455$232$115$49
50 years$1,494$820$428$214$105$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,530,000, adding $4,935 every year, while hoping to spend $52,977 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: 60/14/26 Blend
70$1,530,000$1,530,000$1,530,000$1,530,000
71$1,691,150$1,610,060$1,586,345$1,780,518
72$1,807,281$1,632,586$1,583,121$1,864,463
73$1,933,481$1,654,440$1,578,013$1,949,880
74$2,070,721$1,675,534$1,570,902$2,041,951
75$2,220,072$1,695,772$1,561,664$2,141,336
76$2,382,707$1,715,052$1,550,168$2,248,763
77$2,559,921$1,733,268$1,536,276$2,365,033
78$2,753,137$1,750,302$1,519,846$2,491,034
79$2,963,923$1,766,033$1,500,726$2,627,742
80$3,194,003$1,780,328$1,478,760$2,776,237
81$3,445,275$1,793,048$1,453,783$2,937,710
82$3,719,830$1,804,045$1,425,622$3,113,473
83$4,019,969$1,813,158$1,394,095$3,304,978
84$4,348,224$1,820,221$1,359,016$3,513,823
85$4,707,385$1,825,054$1,320,185$3,741,773
86$5,100,523$1,827,467$1,277,396$3,990,777
87$5,531,020$1,827,256$1,230,433$4,262,981
88$6,002,600$1,824,209$1,179,069$4,560,758
89$6,519,366$1,818,095$1,123,068$4,886,721
90$7,085,833$1,808,673$1,062,182$5,243,756
91$7,706,977$1,795,687$996,154$5,635,045
92$8,388,276$1,778,864$924,713$6,064,098
93$9,135,767$1,757,915$847,578$6,534,789
94$9,956,096$1,732,534$764,453$7,051,388
95$10,856,586$1,702,396$675,030$7,618,607
96$11,845,303$1,667,158$578,988$8,241,642
97$12,931,130$1,626,456$475,991$8,926,225
98$14,123,857$1,579,904$365,689$9,678,675
99$15,434,266$1,527,094$247,714$10,505,966
100$16,874,233$1,467,594$121,685$11,415,784