Can I retire at age 71 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$127,172$126,039$124,934$123,855$122,802$121,267
2 years$62,956$61,784$60,647$59,546$58,477$56,933
3 years$41,554$40,376$39,243$38,152$37,100$35,595
4 years$30,855$29,681$28,559$27,486$26,460$25,005
5 years$24,437$23,270$22,163$21,112$20,115$18,713
6 years$20,160$19,002$17,911$16,883$15,916$14,571
7 years$17,106$15,958$14,884$13,881$12,944$11,655
8 years$14,817$13,679$12,623$11,644$10,738$9,506
9 years$13,037$11,910$10,872$9,918$9,043$7,866
10 years$11,614$10,498$9,478$8,550$7,705$6,584
11 years$10,451$9,346$8,345$7,441$6,627$5,559
12 years$9,482$8,388$7,406$6,527$5,743$4,728
13 years$8,663$7,580$6,617$5,762$5,008$4,044
14 years$7,961$6,890$5,945$5,115$4,390$3,476
15 years$7,354$6,295$5,368$4,562$3,865$3,000
16 years$6,823$5,775$4,866$4,084$3,416$2,598
17 years$6,355$5,319$4,428$3,670$3,029$2,257
18 years$5,939$4,915$4,042$3,307$2,693$1,965
19 years$5,568$4,555$3,701$2,988$2,400$1,714
20 years$5,234$4,233$3,396$2,707$2,144$1,498
21 years$4,932$3,943$3,124$2,456$1,919$1,311
22 years$4,658$3,680$2,879$2,233$1,720$1,150
23 years$4,409$3,442$2,658$2,034$1,544$1,009
24 years$4,180$3,225$2,459$1,855$1,388$886
25 years$3,970$3,026$2,277$1,694$1,249$779
26 years$3,777$2,844$2,112$1,549$1,125$686
27 years$3,598$2,677$1,961$1,418$1,014$604
28 years$3,432$2,522$1,823$1,299$915$532
29 years$3,278$2,380$1,697$1,191$826$469
30 years$3,135$2,247$1,580$1,093$747$414
31 years$3,001$2,124$1,473$1,004$675$365
32 years$2,875$2,010$1,375$923$611$322
33 years$2,758$1,904$1,283$849$553$284
34 years$2,648$1,804$1,199$781$500$251
35 years$2,544$1,711$1,121$719$453$222
36 years$2,446$1,624$1,049$662$411$196
37 years$2,354$1,543$982$610$372$173
38 years$2,266$1,466$919$562$337$153
39 years$2,184$1,394$861$518$306$135
40 years$2,105$1,326$807$478$277$120
41 years$2,031$1,263$757$441$252$106
42 years$1,961$1,202$710$407$228$94
43 years$1,894$1,146$666$376$207$83
44 years$1,830$1,092$625$347$188$73
45 years$1,769$1,041$587$320$171$65
46 years$1,711$993$552$296$155$57
47 years$1,656$948$518$273$141$51
48 years$1,603$905$487$253$128$45
49 years$1,552$864$458$234$116$40
50 years$1,504$826$430$216$106$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,540,000, adding $4,547 every year, while hoping to spend $26,883 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: 43/43/14 Blend
70$1,540,000$1,540,000$1,540,000$1,540,000
71$1,701,770$1,620,150$1,596,280$1,767,841
72$1,846,747$1,670,934$1,621,152$1,865,364
73$2,005,611$1,723,306$1,645,957$1,967,918
74$2,179,750$1,777,314$1,670,662$2,078,436
75$2,370,692$1,833,010$1,695,237$2,197,662
76$2,580,122$1,890,446$1,719,647$2,326,410
77$2,809,893$1,949,677$1,743,853$2,465,580
78$3,062,049$2,010,758$1,767,819$2,616,159
79$3,338,839$2,073,746$1,791,503$2,779,234
80$3,642,742$2,138,702$1,814,860$2,955,998
81$3,976,489$2,205,685$1,837,845$3,147,768
82$4,343,087$2,274,760$1,860,409$3,355,989
83$4,745,849$2,345,991$1,882,500$3,582,254
84$5,188,426$2,419,444$1,904,064$3,828,315
85$5,674,839$2,495,190$1,925,042$4,096,099
86$6,209,517$2,573,299$1,945,376$4,387,730
87$6,797,341$2,653,844$1,964,999$4,705,544
88$7,443,688$2,736,901$1,983,846$5,052,114
89$8,154,483$2,822,548$2,001,844$5,430,271
90$8,936,253$2,910,865$2,018,918$5,843,134
91$9,796,189$3,001,935$2,034,989$6,294,137
92$10,742,214$3,095,844$2,049,975$6,787,061
93$11,783,058$3,192,678$2,063,787$7,326,070
94$12,928,339$3,292,530$2,076,334$7,915,749
95$14,188,658$3,395,491$2,087,519$8,561,148
96$15,575,689$3,501,659$2,097,239$9,267,831
97$17,102,302$3,611,132$2,105,389$10,041,923
98$18,782,672$3,724,013$2,111,855$10,890,172
99$20,632,422$3,840,408$2,116,520$11,820,012
100$22,668,766$3,960,424$2,119,260$12,839,631