Can I retire at age 71 with 1,730,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$142,862$141,589$140,348$139,136$137,953$132,532
2 years$70,724$69,406$68,130$66,892$65,692$60,296
3 years$46,681$45,358$44,085$42,859$41,678$36,478
4 years$34,662$33,343$32,082$30,877$29,725$24,760
5 years$27,452$26,141$24,897$23,717$22,596$17,880
6 years$22,647$21,346$20,121$18,966$17,880$13,414
7 years$19,217$17,927$16,720$15,593$14,541$10,325
8 years$16,645$15,366$14,180$13,081$12,063$8,092
9 years$14,646$13,379$12,213$11,142$10,159$6,427
10 years$13,047$11,793$10,648$9,604$8,656$5,156
11 years$11,740$10,499$9,374$8,359$7,444$4,169
12 years$10,652$9,423$8,319$7,332$6,451$3,391
13 years$9,732$8,516$7,433$6,473$5,626$2,771
14 years$8,943$7,741$6,678$5,746$4,931$2,273
15 years$8,261$7,071$6,030$5,124$4,342$1,871
16 years$7,665$6,488$5,467$4,588$3,837$1,543
17 years$7,139$5,975$4,975$4,123$3,402$1,276
18 years$6,672$5,521$4,541$3,715$3,025$1,057
19 years$6,255$5,117$4,157$3,357$2,697$876
20 years$5,880$4,755$3,815$3,040$2,409$727
21 years$5,541$4,429$3,509$2,759$2,155$604
22 years$5,233$4,134$3,234$2,509$1,932$503
23 years$4,953$3,867$2,986$2,285$1,734$418
24 years$4,696$3,623$2,762$2,084$1,559$348
25 years$4,460$3,400$2,558$1,903$1,403$290
26 years$4,243$3,195$2,372$1,740$1,264$242
27 years$4,042$3,007$2,203$1,593$1,139$201
28 years$3,856$2,834$2,048$1,459$1,028$168
29 years$3,683$2,673$1,906$1,338$928$140
30 years$3,522$2,525$1,775$1,228$839$117
31 years$3,371$2,387$1,655$1,128$758$97
32 years$3,230$2,258$1,544$1,037$686$81
33 years$3,098$2,139$1,442$953$621$68
34 years$2,974$2,027$1,347$877$562$57
35 years$2,858$1,922$1,259$807$509$47
36 years$2,748$1,825$1,178$744$461$39
37 years$2,644$1,733$1,103$685$418$33
38 years$2,546$1,647$1,033$632$379$27
39 years$2,453$1,566$968$582$344$23
40 years$2,365$1,490$907$537$312$19
41 years$2,282$1,418$850$496$283$16
42 years$2,203$1,351$798$457$257$13
43 years$2,127$1,287$748$422$233$11
44 years$2,055$1,227$703$390$211$9
45 years$1,987$1,170$660$360$192$8
46 years$1,922$1,116$620$333$174$6
47 years$1,860$1,065$582$307$158$5
48 years$1,800$1,017$547$284$144$4
49 years$1,743$971$514$262$130$4
50 years$1,689$927$483$242$119$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,730,000, adding $5,247 every year, while hoping to spend $43,451 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: 25/48/27 Blend
70$1,730,000$1,730,000$1,730,000$1,730,000
71$1,911,872$1,820,182$1,793,367$1,943,335
72$2,060,652$1,863,140$1,807,214$2,012,816
73$2,223,150$1,906,746$1,820,067$2,083,212
74$2,400,722$1,950,986$1,831,850$2,157,784
75$2,594,856$1,995,845$1,842,477$2,236,911
76$2,807,193$2,041,304$1,851,862$2,321,011
77$3,039,541$2,087,341$1,859,913$2,410,546
78$3,293,887$2,133,934$1,866,533$2,506,025
79$3,572,422$2,181,056$1,871,621$2,608,009
80$3,877,559$2,228,677$1,875,070$2,717,120
81$4,211,953$2,276,765$1,876,768$2,834,041
82$4,578,530$2,325,285$1,876,598$2,959,528
83$4,980,512$2,374,196$1,874,436$3,094,414
84$5,421,448$2,423,455$1,870,153$3,239,619
85$5,905,247$2,473,015$1,863,614$3,396,158
86$6,436,213$2,522,824$1,854,676$3,565,151
87$7,019,090$2,572,826$1,843,191$3,747,836
88$7,659,102$2,622,958$1,829,003$3,945,578
89$8,362,002$2,673,156$1,811,946$4,159,882
90$9,134,132$2,723,345$1,791,852$4,392,411
91$9,982,473$2,773,449$1,768,539$4,644,999
92$10,914,720$2,823,383$1,741,819$4,919,673
93$11,939,348$2,873,056$1,711,497$5,218,665
94$13,065,695$2,922,369$1,677,366$5,544,442
95$14,304,049$2,971,218$1,639,210$5,899,725
96$15,665,742$3,019,488$1,596,804$6,287,516
97$17,163,263$3,067,058$1,549,912$6,711,128
98$18,810,369$3,113,796$1,498,287$7,174,217
99$20,622,217$3,159,563$1,441,671$7,680,817
100$22,615,510$3,204,208$1,379,793$8,235,378