Can I retire at age 71 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$146,165$144,863$143,593$142,353$141,142$139,379
2 years$72,359$71,011$69,705$68,439$67,211$65,436
3 years$47,760$46,407$45,104$43,849$42,641$40,911
4 years$35,463$34,114$32,824$31,591$30,412$28,739
5 years$28,087$26,746$25,473$24,265$23,119$21,508
6 years$23,171$21,840$20,586$19,405$18,293$16,747
7 years$19,661$18,341$17,107$15,954$14,877$13,396
8 years$17,030$15,722$14,508$13,383$12,342$10,925
9 years$14,984$13,689$12,496$11,400$10,394$9,041
10 years$13,349$12,066$10,894$9,827$8,856$7,567
11 years$12,012$10,741$9,591$8,552$7,616$6,389
12 years$10,898$9,641$8,512$7,501$6,600$5,434
13 years$9,957$8,713$7,605$6,623$5,756$4,648
14 years$9,150$7,920$6,833$5,879$5,045$3,996
15 years$8,452$7,235$6,169$5,243$4,442$3,448
16 years$7,842$6,638$5,593$4,694$3,926$2,986
17 years$7,304$6,113$5,090$4,218$3,481$2,594
18 years$6,826$5,649$4,646$3,801$3,095$2,258
19 years$6,399$5,235$4,253$3,435$2,759$1,970
20 years$6,016$4,865$3,904$3,111$2,464$1,722
21 years$5,669$4,531$3,590$2,823$2,205$1,507
22 years$5,354$4,230$3,309$2,567$1,977$1,321
23 years$5,067$3,956$3,055$2,338$1,774$1,160
24 years$4,805$3,707$2,826$2,132$1,595$1,019
25 years$4,563$3,478$2,617$1,947$1,435$896
26 years$4,341$3,269$2,427$1,780$1,293$788
27 years$4,135$3,077$2,254$1,630$1,166$694
28 years$3,945$2,899$2,095$1,493$1,052$611
29 years$3,768$2,735$1,950$1,369$950$539
30 years$3,603$2,583$1,816$1,257$858$475
31 years$3,449$2,442$1,693$1,154$776$419
32 years$3,305$2,310$1,580$1,061$702$370
33 years$3,170$2,188$1,475$975$635$327
34 years$3,043$2,074$1,378$897$575$289
35 years$2,924$1,967$1,289$826$521$255
36 years$2,811$1,867$1,205$761$472$225
37 years$2,705$1,773$1,128$701$428$199
38 years$2,605$1,685$1,057$646$388$176
39 years$2,510$1,602$990$596$352$156
40 years$2,420$1,524$928$550$319$137
41 years$2,335$1,451$870$507$289$122
42 years$2,253$1,382$816$468$263$108
43 years$2,176$1,317$766$432$238$95
44 years$2,103$1,255$719$399$216$84
45 years$2,033$1,197$675$368$196$74
46 years$1,966$1,142$634$340$178$66
47 years$1,903$1,090$596$314$162$58
48 years$1,842$1,040$560$290$147$51
49 years$1,784$993$526$268$134$46
50 years$1,728$949$495$248$121$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,770,000, adding $5,596 every year, while hoping to spend $57,062 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: 55/18/27 Blend
70$1,770,000$1,770,000$1,770,000$1,770,000
71$1,956,312$1,862,502$1,835,067$2,049,038
72$2,095,143$1,893,051$1,835,829$2,144,081
73$2,246,221$1,923,185$1,834,703$2,241,167
74$2,410,737$1,952,822$1,831,567$2,345,747
75$2,589,999$1,981,877$1,826,290$2,458,562
76$2,785,446$2,010,256$1,818,739$2,580,429
77$2,998,664$2,037,861$1,808,769$2,712,251
78$3,231,397$2,064,586$1,796,232$2,855,023
79$3,485,565$2,090,316$1,780,971$3,009,845
80$3,763,281$2,114,931$1,762,823$3,177,928
81$4,066,874$2,138,300$1,741,616$3,360,612
82$4,398,906$2,160,287$1,717,170$3,559,373
83$4,762,196$2,180,743$1,689,297$3,775,841
84$5,159,852$2,199,512$1,657,801$4,011,815
85$5,595,294$2,216,425$1,622,474$4,269,277
86$6,072,290$2,231,305$1,583,102$4,550,419
87$6,594,986$2,243,962$1,539,459$4,857,655
88$7,167,952$2,254,194$1,491,308$5,193,651
89$7,796,219$2,261,785$1,438,403$5,561,347
90$8,485,330$2,266,509$1,380,486$5,963,986
91$9,241,387$2,268,122$1,317,286$6,405,149
92$10,071,115$2,266,366$1,248,521$6,888,782
93$10,981,919$2,260,968$1,173,897$7,419,240
94$11,981,956$2,251,637$1,093,104$8,001,328
95$13,080,214$2,238,066$1,005,821$8,640,343
96$14,286,591$2,219,926$911,712$9,342,131
97$15,611,993$2,196,872$810,423$10,113,137
98$17,068,433$2,168,535$701,589$10,960,473
99$18,669,146$2,134,527$584,826$11,891,978
100$20,428,714$2,094,433$459,732$12,916,302