Can I retire at age 71 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$141,210$139,952$138,725$137,527$136,358$135,783
2 years$69,906$68,604$67,342$66,119$64,932$64,352
3 years$46,141$44,834$43,575$42,363$41,196$40,628
4 years$34,261$32,957$31,711$30,520$29,381$28,830
5 years$27,135$25,839$24,609$23,442$22,335$21,803
6 years$22,385$21,099$19,888$18,747$17,673$17,160
7 years$18,994$17,719$16,527$15,413$14,373$13,879
8 years$16,452$15,189$14,016$12,930$11,924$11,449
9 years$14,476$13,225$12,072$11,013$10,041$9,587
10 years$12,896$11,657$10,525$9,493$8,556$8,120
11 years$11,604$10,377$9,266$8,262$7,358$6,941
12 years$10,529$9,314$8,223$7,247$6,377$5,978
13 years$9,619$8,417$7,347$6,398$5,560$5,180
14 years$8,840$7,651$6,601$5,679$4,874$4,512
15 years$8,166$6,989$5,960$5,065$4,292$3,947
16 years$7,576$6,413$5,404$4,535$3,793$3,465
17 years$7,056$5,906$4,917$4,075$3,363$3,051
18 years$6,595$5,457$4,489$3,672$2,990$2,694
19 years$6,182$5,058$4,109$3,318$2,665$2,385
20 years$5,812$4,700$3,771$3,005$2,381$2,115
21 years$5,477$4,378$3,469$2,727$2,131$1,879
22 years$5,173$4,086$3,197$2,480$1,910$1,672
23 years$4,895$3,822$2,952$2,258$1,714$1,490
24 years$4,642$3,581$2,730$2,060$1,541$1,329
25 years$4,409$3,361$2,529$1,881$1,386$1,187
26 years$4,194$3,158$2,345$1,720$1,249$1,061
27 years$3,995$2,972$2,178$1,574$1,126$949
28 years$3,811$2,801$2,024$1,443$1,016$850
29 years$3,640$2,642$1,884$1,323$917$761
30 years$3,481$2,495$1,755$1,214$829$682
31 years$3,332$2,359$1,636$1,115$749$612
32 years$3,193$2,232$1,526$1,025$678$549
33 years$3,062$2,114$1,425$942$614$493
34 years$2,940$2,003$1,332$867$555$443
35 years$2,825$1,900$1,245$798$503$398
36 years$2,716$1,804$1,165$735$456$357
37 years$2,613$1,713$1,090$677$413$321
38 years$2,516$1,628$1,021$624$375$289
39 years$2,425$1,548$956$576$340$259
40 years$2,338$1,473$896$531$308$233
41 years$2,255$1,402$841$490$280$210
42 years$2,177$1,335$788$452$254$189
43 years$2,103$1,272$740$417$230$170
44 years$2,032$1,213$694$385$209$153
45 years$1,964$1,156$652$356$190$138
46 years$1,900$1,103$612$329$172$124
47 years$1,838$1,053$575$304$156$112
48 years$1,780$1,005$541$281$142$100
49 years$1,723$960$508$259$129$90
50 years$1,670$917$478$240$117$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,710,000, adding $4,071 every year, while hoping to spend $34,949 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: 51/43/6 Blend
70$1,710,000$1,710,000$1,710,000$1,710,000
71$1,888,619$1,797,989$1,771,484$1,981,995
72$2,044,073$1,848,905$1,793,643$2,096,812
73$2,214,212$1,901,145$1,815,374$2,217,432
74$2,400,496$1,954,736$1,836,624$2,347,710
75$2,604,535$2,009,707$1,857,339$2,488,558
76$2,828,101$2,066,085$1,877,463$2,640,981
77$3,073,144$2,123,900$1,896,935$2,806,086
78$3,341,814$2,183,181$1,915,692$2,985,090
79$3,636,478$2,243,955$1,933,666$3,179,330
80$3,959,741$2,306,252$1,950,787$3,390,282
81$4,314,477$2,370,100$1,966,980$3,619,567
82$4,703,847$2,435,528$1,982,167$3,868,972
83$5,131,335$2,502,565$1,996,265$4,140,461
84$5,600,780$2,571,239$2,009,189$4,436,201
85$6,116,408$2,641,579$2,020,846$4,758,573
86$6,682,878$2,713,612$2,031,140$5,110,202
87$7,305,319$2,787,367$2,039,971$5,493,978
88$7,989,384$2,862,870$2,047,232$5,913,084
89$8,741,300$2,940,150$2,052,813$6,371,025
90$9,567,927$3,019,231$2,056,596$6,871,661
91$10,476,822$3,100,140$2,058,459$7,419,243
92$11,476,313$3,182,903$2,058,273$8,018,456
93$12,575,575$3,267,542$2,055,903$8,674,458
94$13,784,714$3,354,083$2,051,206$9,392,931
95$15,114,868$3,442,546$2,044,035$10,180,137
96$16,578,308$3,532,954$2,034,233$11,042,971
97$18,188,552$3,625,325$2,021,637$11,989,031
98$19,960,499$3,719,680$2,006,076$13,026,687
99$21,910,560$3,816,035$1,987,370$14,165,160
100$24,056,821$3,914,404$1,965,331$15,414,610