Can I retire at age 71 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$140,384$139,134$137,914$136,723$135,560$133,480
2 years$69,497$68,203$66,949$65,732$64,553$62,461
3 years$45,871$44,571$43,320$42,115$40,955$38,918
4 years$34,061$32,765$31,526$30,342$29,209$27,243
5 years$26,976$25,688$24,465$23,305$22,204$20,314
6 years$22,255$20,976$19,772$18,637$17,570$15,757
7 years$18,883$17,616$16,430$15,323$14,289$12,555
8 years$16,356$15,100$13,934$12,854$11,854$10,198
9 years$14,392$13,147$12,002$10,949$9,983$8,405
10 years$12,821$11,589$10,463$9,438$8,506$7,004
11 years$11,537$10,317$9,212$8,214$7,315$5,889
12 years$10,467$9,260$8,175$7,205$6,339$4,986
13 years$9,563$8,368$7,304$6,361$5,528$4,245
14 years$8,788$7,606$6,563$5,646$4,846$3,632
15 years$8,118$6,949$5,925$5,035$4,267$3,120
16 years$7,532$6,375$5,372$4,509$3,771$2,689
17 years$7,015$5,871$4,888$4,051$3,343$2,324
18 years$6,556$5,425$4,462$3,651$2,973$2,013
19 years$6,146$5,028$4,085$3,299$2,650$1,747
20 years$5,778$4,672$3,749$2,988$2,367$1,519
21 years$5,445$4,352$3,448$2,712$2,118$1,323
22 years$5,142$4,063$3,178$2,465$1,899$1,153
23 years$4,867$3,800$2,935$2,245$1,704$1,007
24 years$4,615$3,560$2,714$2,048$1,532$880
25 years$4,383$3,341$2,514$1,870$1,378$769
26 years$4,169$3,140$2,331$1,710$1,242$673
27 years$3,972$2,955$2,165$1,565$1,119$589
28 years$3,789$2,784$2,013$1,434$1,010$516
29 years$3,619$2,627$1,873$1,315$912$453
30 years$3,460$2,481$1,744$1,207$824$397
31 years$3,313$2,345$1,626$1,108$745$348
32 years$3,174$2,219$1,517$1,019$674$305
33 years$3,044$2,101$1,417$937$610$268
34 years$2,923$1,992$1,324$862$552$235
35 years$2,808$1,889$1,238$793$500$207
36 years$2,700$1,793$1,158$731$453$182
37 years$2,598$1,703$1,084$673$411$160
38 years$2,502$1,618$1,015$621$372$140
39 years$2,411$1,539$951$572$338$123
40 years$2,324$1,464$891$528$306$108
41 years$2,242$1,394$836$487$278$95
42 years$2,164$1,327$784$449$252$84
43 years$2,090$1,265$736$415$229$73
44 years$2,020$1,206$690$383$208$65
45 years$1,953$1,150$648$354$189$57
46 years$1,889$1,097$609$327$171$50
47 years$1,828$1,047$572$302$155$44
48 years$1,769$999$538$279$141$39
49 years$1,713$954$505$258$128$34
50 years$1,660$911$475$238$116$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,700,000, adding $4,321 every year, while hoping to spend $39,317 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: 55/39/6 Blend
70$1,700,000$1,700,000$1,700,000$1,700,000
71$1,877,857$1,787,757$1,761,407$1,978,439
72$2,027,566$1,833,524$1,778,581$2,092,541
73$2,191,227$1,880,216$1,795,013$2,211,958
74$2,370,222$1,927,837$1,810,636$2,341,003
75$2,566,072$1,976,389$1,825,380$2,480,594
76$2,780,453$2,025,874$1,839,172$2,631,742
77$3,015,210$2,076,291$1,851,934$2,795,561
78$3,272,372$2,127,641$1,863,585$2,973,276
79$3,554,178$2,179,919$1,874,039$3,166,237
80$3,863,091$2,233,122$1,883,206$3,375,929
81$4,201,824$2,287,243$1,890,992$3,603,990
82$4,573,366$2,342,273$1,897,296$3,852,221
83$4,981,008$2,398,204$1,902,014$4,122,606
84$5,428,376$2,455,021$1,905,037$4,417,331
85$5,919,464$2,512,711$1,906,249$4,738,803
86$6,458,671$2,571,255$1,905,530$5,089,675
87$7,050,843$2,630,634$1,902,753$5,472,868
88$7,701,318$2,690,824$1,897,784$5,891,599
89$8,415,977$2,751,799$1,890,484$6,349,414
90$9,201,298$2,813,529$1,880,707$6,850,218
91$10,064,420$2,875,981$1,868,300$7,398,314
92$11,013,204$2,939,118$1,853,102$7,998,443
93$12,056,315$3,002,898$1,834,944$8,655,828
94$13,203,294$3,067,276$1,813,651$9,376,225
95$14,464,659$3,132,201$1,789,037$10,165,975
96$15,851,994$3,197,618$1,760,909$11,032,065
97$17,378,063$3,263,468$1,729,066$11,982,195
98$19,056,930$3,329,682$1,693,294$13,024,848
99$20,904,090$3,396,189$1,653,372$14,169,373
100$22,936,616$3,462,911$1,609,069$15,426,071