Can I retire at age 71 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$144,513$143,226$141,970$140,744$139,547$138,436
2 years$71,541$70,209$68,918$67,666$66,451$65,331
3 years$47,220$45,882$44,594$43,354$42,159$41,065
4 years$35,062$33,728$32,453$31,234$30,068$29,008
5 years$27,769$26,443$25,185$23,991$22,858$21,835
6 years$22,909$21,593$20,353$19,186$18,086$17,102
7 years$19,439$18,134$16,914$15,774$14,709$13,764
8 years$16,837$15,544$14,344$13,232$12,203$11,296
9 years$14,815$13,534$12,355$11,271$10,276$9,409
10 years$13,198$11,929$10,771$9,716$8,756$7,927
11 years$11,876$10,620$9,483$8,455$7,530$6,739
12 years$10,775$9,532$8,416$7,417$6,526$5,771
13 years$9,844$8,614$7,519$6,548$5,691$4,972
14 years$9,047$7,830$6,756$5,812$4,988$4,305
15 years$8,357$7,153$6,099$5,184$4,392$3,743
16 years$7,753$6,563$5,530$4,641$3,882$3,266
17 years$7,221$6,044$5,032$4,170$3,442$2,859
18 years$6,749$5,585$4,594$3,758$3,060$2,508
19 years$6,327$5,176$4,205$3,396$2,728$2,206
20 years$5,948$4,810$3,859$3,076$2,436$1,944
21 years$5,605$4,480$3,550$2,791$2,180$1,715
22 years$5,294$4,182$3,272$2,538$1,954$1,516
23 years$5,010$3,911$3,021$2,311$1,754$1,342
24 years$4,750$3,665$2,794$2,108$1,577$1,189
25 years$4,512$3,439$2,588$1,925$1,419$1,054
26 years$4,292$3,232$2,400$1,760$1,278$936
27 years$4,089$3,042$2,229$1,611$1,152$831
28 years$3,900$2,866$2,072$1,476$1,040$739
29 years$3,725$2,704$1,928$1,354$939$657
30 years$3,562$2,554$1,796$1,242$848$585
31 years$3,410$2,414$1,674$1,141$767$521
32 years$3,268$2,284$1,562$1,049$694$464
33 years$3,134$2,163$1,458$964$628$413
34 years$3,009$2,050$1,363$887$568$368
35 years$2,891$1,945$1,274$817$515$328
36 years$2,779$1,846$1,192$752$467$293
37 years$2,674$1,753$1,116$693$423$261
38 years$2,575$1,666$1,045$639$383$233
39 years$2,481$1,584$979$589$348$208
40 years$2,393$1,507$917$543$315$186
41 years$2,308$1,435$860$501$286$166
42 years$2,228$1,366$807$463$260$148
43 years$2,152$1,302$757$427$236$132
44 years$2,079$1,241$711$394$214$118
45 years$2,010$1,183$667$364$194$105
46 years$1,944$1,129$627$336$176$94
47 years$1,881$1,077$589$311$160$84
48 years$1,821$1,028$553$287$145$75
49 years$1,764$982$520$265$132$67
50 years$1,709$938$489$245$120$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,750,000, adding $5,664 every year, while hoping to spend $30,620 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: 31/43/26 Blend
70$1,750,000$1,750,000$1,750,000$1,750,000
71$1,934,342$1,841,592$1,814,467$1,978,704
72$2,099,066$1,899,251$1,842,673$2,070,923
73$2,279,565$1,958,709$1,870,796$2,167,025
74$2,477,416$2,020,021$1,898,804$2,269,862
75$2,694,357$2,083,246$1,926,658$2,380,043
76$2,932,298$2,148,442$1,954,318$2,498,239
77$3,193,348$2,215,672$1,981,743$2,625,185
78$3,479,827$2,284,997$2,008,889$2,761,690
79$3,794,291$2,356,483$2,035,708$2,908,645
80$4,139,555$2,430,197$2,062,150$3,067,028
81$4,518,720$2,506,207$2,088,163$3,237,915
82$4,935,204$2,584,585$2,113,691$3,422,491
83$5,392,769$2,665,405$2,138,674$3,622,059
84$5,895,563$2,748,741$2,163,051$3,838,052
85$6,448,152$2,834,671$2,186,755$4,072,050
86$7,055,570$2,923,277$2,209,718$4,325,788
87$7,723,360$3,014,639$2,231,866$4,601,178
88$8,457,631$3,108,845$2,253,121$4,900,324
89$9,265,112$3,205,980$2,273,403$5,225,544
90$10,153,217$3,306,137$2,292,626$5,579,389
91$11,130,115$3,409,408$2,310,699$5,964,666
92$12,204,807$3,515,889$2,327,527$6,384,468
93$13,387,209$3,625,679$2,343,011$6,842,201
94$14,688,248$3,738,881$2,357,046$7,341,616
95$16,119,963$3,855,600$2,369,520$7,886,843
96$17,695,618$3,975,943$2,380,318$8,482,431
97$19,429,829$4,100,022$2,389,317$9,133,392
98$21,338,702$4,227,954$2,396,389$9,845,244
99$23,439,981$4,359,855$2,401,400$10,624,068
100$25,753,220$4,495,848$2,404,207$11,476,559