Can I retire at age 71 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$143,688$142,408$141,159$139,940$138,750$134,795
2 years$71,132$69,808$68,524$67,279$66,071$62,117
3 years$46,951$45,620$44,339$43,106$41,918$38,089
4 years$34,862$33,536$32,268$31,056$29,897$26,222
5 years$27,611$26,292$25,041$23,854$22,727$19,217
6 years$22,778$21,470$20,237$19,076$17,983$14,641
7 years$19,328$18,030$16,817$15,683$14,625$11,450
8 years$16,741$15,455$14,262$13,156$12,133$9,124
9 years$14,730$13,457$12,284$11,206$10,218$7,372
10 years$13,122$11,861$10,709$9,660$8,706$6,019
11 years$11,808$10,559$9,428$8,407$7,487$4,956
12 years$10,713$9,478$8,367$7,374$6,488$4,107
13 years$9,788$8,565$7,476$6,510$5,658$3,421
14 years$8,995$7,785$6,717$5,779$4,960$2,862
15 years$8,309$7,112$6,065$5,154$4,367$2,402
16 years$7,709$6,525$5,498$4,615$3,860$2,022
17 years$7,180$6,009$5,003$4,146$3,422$1,707
18 years$6,711$5,553$4,567$3,737$3,043$1,443
19 years$6,291$5,146$4,181$3,376$2,712$1,222
20 years$5,914$4,782$3,837$3,058$2,423$1,037
21 years$5,573$4,455$3,530$2,775$2,168$880
22 years$5,263$4,158$3,253$2,523$1,943$748
23 years$4,981$3,889$3,004$2,298$1,744$636
24 years$4,723$3,644$2,778$2,096$1,568$542
25 years$4,486$3,419$2,573$1,914$1,411$461
26 years$4,267$3,214$2,386$1,750$1,271$393
27 years$4,065$3,025$2,216$1,602$1,146$335
28 years$3,878$2,850$2,060$1,468$1,034$286
29 years$3,704$2,689$1,917$1,346$934$244
30 years$3,542$2,539$1,786$1,235$843$208
31 years$3,391$2,400$1,665$1,135$763$178
32 years$3,249$2,271$1,553$1,043$690$152
33 years$3,116$2,151$1,450$959$624$130
34 years$2,991$2,039$1,355$882$565$111
35 years$2,874$1,934$1,267$812$512$94
36 years$2,764$1,835$1,185$748$464$81
37 years$2,659$1,743$1,109$689$420$69
38 years$2,561$1,656$1,039$635$381$59
39 years$2,467$1,575$973$586$346$50
40 years$2,379$1,499$912$540$313$43
41 years$2,295$1,427$855$498$284$37
42 years$2,215$1,359$802$460$258$31
43 years$2,139$1,294$753$425$234$27
44 years$2,067$1,234$707$392$213$23
45 years$1,999$1,177$664$362$193$20
46 years$1,933$1,122$623$334$175$17
47 years$1,871$1,071$585$309$159$14
48 years$1,811$1,023$550$286$145$12
49 years$1,754$977$517$264$131$10
50 years$1,699$933$486$244$119$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,740,000, adding $4,145 every year, while hoping to spend $46,652 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: 50/36/14 Blend
70$1,740,000$1,740,000$1,740,000$1,740,000
71$1,921,756$1,829,536$1,802,566$2,010,293
72$2,068,137$1,869,545$1,813,314$2,111,567
73$2,227,886$1,909,952$1,822,859$2,216,344
74$2,402,317$1,950,726$1,831,111$2,329,165
75$2,592,876$1,991,834$1,837,976$2,450,802
76$2,801,156$2,033,241$1,843,355$2,582,106
77$3,028,910$2,074,906$1,847,144$2,724,011
78$3,278,070$2,116,787$1,849,234$2,877,550
79$3,550,760$2,158,837$1,849,510$3,043,860
80$3,849,322$2,201,004$1,847,853$3,224,194
81$4,176,333$2,243,234$1,844,137$3,419,935
82$4,534,633$2,285,466$1,838,229$3,632,603
83$4,927,347$2,327,636$1,829,992$3,863,878
84$5,357,919$2,369,672$1,819,278$4,115,609
85$5,830,140$2,411,500$1,805,938$4,389,835
86$6,348,188$2,453,037$1,789,811$4,688,803
87$6,916,664$2,494,196$1,770,729$5,014,992
88$7,540,633$2,534,881$1,748,519$5,371,133
89$8,225,680$2,574,993$1,722,996$5,760,237
90$8,977,952$2,614,420$1,693,969$6,185,623
91$9,804,224$2,653,047$1,661,238$6,650,950
92$10,711,956$2,690,748$1,624,591$7,160,252
93$11,709,370$2,727,389$1,583,809$7,717,977
94$12,805,521$2,762,827$1,538,662$8,329,027
95$14,010,387$2,796,907$1,488,909$8,998,806
96$15,334,957$2,829,467$1,434,299$9,733,272
97$16,791,342$2,860,330$1,374,568$10,538,995
98$18,392,884$2,889,311$1,309,440$11,423,214
99$20,154,281$2,916,210$1,238,629$12,393,913
100$22,091,727$2,940,814$1,161,833$13,459,891