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%11.7%
1 years$144,513$143,226$141,970$140,744$139,547$138,552
2 years$71,541$70,209$68,918$67,666$66,451$65,447
3 years$47,220$45,882$44,594$43,354$42,159$41,178
4 years$35,062$33,728$32,453$31,234$30,068$29,118
5 years$27,769$26,443$25,185$23,991$22,858$21,940
6 years$22,909$21,593$20,353$19,186$18,086$17,203
7 years$19,439$18,134$16,914$15,774$14,709$13,860
8 years$16,837$15,544$14,344$13,232$12,203$11,389
9 years$14,815$13,534$12,355$11,271$10,276$9,497
10 years$13,198$11,929$10,771$9,716$8,756$8,011
11 years$11,876$10,620$9,483$8,455$7,530$6,819
12 years$10,775$9,532$8,416$7,417$6,526$5,847
13 years$9,844$8,614$7,519$6,548$5,691$5,044
14 years$9,047$7,830$6,756$5,812$4,988$4,373
15 years$8,357$7,153$6,099$5,184$4,392$3,807
16 years$7,753$6,563$5,530$4,641$3,882$3,327
17 years$7,221$6,044$5,032$4,170$3,442$2,916
18 years$6,749$5,585$4,594$3,758$3,060$2,562
19 years$6,327$5,176$4,205$3,396$2,728$2,256
20 years$5,948$4,810$3,859$3,076$2,436$1,991
21 years$5,605$4,480$3,550$2,791$2,180$1,760
22 years$5,294$4,182$3,272$2,538$1,954$1,558
23 years$5,010$3,911$3,021$2,311$1,754$1,381
24 years$4,750$3,665$2,794$2,108$1,577$1,225
25 years$4,512$3,439$2,588$1,925$1,419$1,088
26 years$4,292$3,232$2,400$1,760$1,278$967
27 years$4,089$3,042$2,229$1,611$1,152$861
28 years$3,900$2,866$2,072$1,476$1,040$766
29 years$3,725$2,704$1,928$1,354$939$683
30 years$3,562$2,554$1,796$1,242$848$608
31 years$3,410$2,414$1,674$1,141$767$543
32 years$3,268$2,284$1,562$1,049$694$484
33 years$3,134$2,163$1,458$964$628$432
34 years$3,009$2,050$1,363$887$568$386
35 years$2,891$1,945$1,274$817$515$344
36 years$2,779$1,846$1,192$752$467$308
37 years$2,674$1,753$1,116$693$423$275
38 years$2,575$1,666$1,045$639$383$246
39 years$2,481$1,584$979$589$348$220
40 years$2,393$1,507$917$543$315$196
41 years$2,308$1,435$860$501$286$176
42 years$2,228$1,366$807$463$260$157
43 years$2,152$1,302$757$427$236$140
44 years$2,079$1,241$711$394$214$126
45 years$2,010$1,183$667$364$194$112
46 years$1,944$1,129$627$336$176$100
47 years$1,881$1,077$589$311$160$90
48 years$1,821$1,028$553$287$145$80
49 years$1,764$982$520$265$132$72
50 years$1,709$938$489$245$120$64

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 $5,373 every year, while hoping to spend $54,869 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: 57/37/6 Blend
70$1,750,000$1,750,000$1,750,000$1,750,000
71$1,934,042$1,841,292$1,814,167$2,041,573
72$2,072,934$1,873,135$1,816,562$2,146,328
73$2,224,155$1,904,700$1,817,197$2,253,750
74$2,388,902$1,935,914$1,815,957$2,369,421
75$2,568,497$1,966,701$1,812,719$2,494,134
76$2,764,393$1,996,978$1,807,354$2,628,761
77$2,978,188$2,026,658$1,799,728$2,774,264
78$3,211,643$2,055,643$1,789,698$2,931,702
79$3,466,696$2,083,835$1,777,118$3,102,246
80$3,745,478$2,111,122$1,761,831$3,287,183
81$4,050,340$2,137,390$1,743,675$3,487,932
82$4,383,866$2,162,514$1,722,480$3,706,061
83$4,748,905$2,186,361$1,698,067$3,943,295
84$5,148,591$2,208,790$1,670,250$4,201,536
85$5,586,376$2,229,650$1,638,833$4,482,884
86$6,066,064$2,248,781$1,603,611$4,789,651
87$6,591,841$2,266,009$1,564,370$5,124,388
88$7,168,318$2,281,154$1,520,887$5,489,908
89$7,800,576$2,294,020$1,472,926$5,889,311
90$8,494,209$2,304,400$1,420,243$6,326,015
91$9,255,378$2,312,076$1,362,581$6,803,791
92$10,090,872$2,316,813$1,299,672$7,326,795
93$11,008,166$2,318,362$1,231,236$7,899,609
94$12,015,497$2,316,460$1,156,981$8,527,288
95$13,121,938$2,310,826$1,076,600$9,215,401
96$14,337,482$2,301,164$989,773$9,970,093
97$15,673,141$2,287,157$896,166$10,798,136
98$17,141,045$2,268,470$795,431$11,706,997
99$18,754,555$2,244,749$687,202$12,704,912
100$20,528,395$2,215,617$571,098$13,800,958