Can I retire at age 71 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$136,255$135,042$133,858$132,702$131,573$126,905
2 years$67,453$66,197$64,979$63,799$62,654$58,000
3 years$44,522$43,260$42,046$40,877$39,750$35,258
4 years$33,059$31,801$30,599$29,449$28,350$24,053
5 years$26,183$24,932$23,746$22,620$21,551$17,461
6 years$21,600$20,359$19,190$18,089$17,053$13,172
7 years$18,328$17,098$15,947$14,872$13,869$10,197
8 years$15,875$14,656$13,524$12,476$11,505$8,039
9 years$13,968$12,761$11,649$10,627$9,689$6,425
10 years$12,444$11,248$10,156$9,160$8,256$5,187
11 years$11,197$10,013$8,941$7,972$7,100$4,221
12 years$10,159$8,987$7,935$6,993$6,153$3,456
13 years$9,281$8,122$7,089$6,174$5,365$2,844
14 years$8,530$7,383$6,370$5,480$4,703$2,350
15 years$7,879$6,744$5,751$4,887$4,141$1,947
16 years$7,310$6,188$5,214$4,376$3,660$1,618
17 years$6,809$5,699$4,745$3,932$3,245$1,348
18 years$6,363$5,266$4,331$3,543$2,885$1,124
19 years$5,966$4,880$3,965$3,202$2,572$940
20 years$5,608$4,535$3,639$2,900$2,297$786
21 years$5,285$4,224$3,347$2,632$2,056$658
22 years$4,991$3,943$3,085$2,393$1,843$552
23 years$4,724$3,688$2,848$2,179$1,654$463
24 years$4,479$3,455$2,634$1,988$1,487$388
25 years$4,254$3,243$2,440$1,815$1,338$326
26 years$4,047$3,048$2,263$1,660$1,205$274
27 years$3,855$2,868$2,101$1,519$1,086$230
28 years$3,677$2,703$1,953$1,392$980$193
29 years$3,512$2,550$1,818$1,276$885$163
30 years$3,359$2,408$1,693$1,171$800$137
31 years$3,215$2,276$1,578$1,076$723$115
32 years$3,081$2,154$1,473$989$654$97
33 years$2,955$2,040$1,375$909$592$81
34 years$2,837$1,933$1,285$837$536$68
35 years$2,725$1,834$1,201$770$485$58
36 years$2,621$1,740$1,124$709$440$48
37 years$2,522$1,653$1,052$653$399$41
38 years$2,428$1,571$985$602$361$34
39 years$2,340$1,494$923$555$328$29
40 years$2,256$1,421$865$512$297$24
41 years$2,176$1,353$811$473$270$20
42 years$2,101$1,288$761$436$245$17
43 years$2,029$1,228$714$403$222$14
44 years$1,960$1,170$670$372$202$12
45 years$1,895$1,116$629$343$183$10
46 years$1,833$1,064$591$317$166$9
47 years$1,774$1,016$555$293$151$7
48 years$1,717$970$522$271$137$6
49 years$1,663$926$490$250$124$5
50 years$1,611$885$461$231$113$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,650,000, adding $6,253 every year, while hoping to spend $36,171 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: 82/10/8 Blend
70$1,650,000$1,650,000$1,650,000$1,650,000
71$1,824,750$1,737,300$1,711,725$1,972,097
72$1,972,389$1,783,942$1,730,582$2,116,060
73$2,133,874$1,831,657$1,748,859$2,268,612
74$2,310,581$1,880,460$1,766,497$2,434,983
75$2,504,022$1,930,364$1,783,436$2,616,537
76$2,715,864$1,981,383$1,799,613$2,814,776
77$2,947,940$2,033,530$1,814,958$3,031,355
78$3,202,274$2,086,816$1,829,403$3,268,093
79$3,481,088$2,141,253$1,842,870$3,526,998
80$3,786,836$2,196,851$1,855,283$3,810,280
81$4,122,216$2,253,619$1,866,558$4,120,372
82$4,490,202$2,311,567$1,876,608$4,459,955
83$4,894,070$2,370,701$1,885,342$4,831,982
84$5,337,427$2,431,027$1,892,663$5,239,707
85$5,824,248$2,492,551$1,898,470$5,686,712
86$6,358,910$2,555,274$1,902,657$6,176,945
87$6,946,237$2,619,200$1,905,114$6,714,756
88$7,591,540$2,684,328$1,905,722$7,304,936
89$8,300,672$2,750,656$1,904,360$7,952,764
90$9,080,083$2,818,180$1,900,897$8,664,055
91$9,936,874$2,886,894$1,895,201$9,445,216
92$10,878,873$2,956,789$1,887,128$10,303,308
93$11,914,702$3,027,856$1,876,530$11,246,108
94$13,053,860$3,100,079$1,863,252$12,282,188
95$14,306,814$3,173,443$1,847,131$13,420,989
96$15,685,095$3,247,927$1,827,996$14,672,915
97$17,201,408$3,323,510$1,805,668$16,049,432
98$18,869,754$3,400,163$1,779,959$17,563,171
99$20,705,555$3,477,858$1,750,674$19,228,051
100$22,725,807$3,556,558$1,717,607$21,059,409