Can I retire at age 71 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$146,991$145,681$144,404$143,157$141,940$137,177
2 years$72,768$71,412$70,099$68,826$67,590$62,839
3 years$48,030$46,669$45,359$44,097$42,882$38,291
4 years$35,663$34,307$33,010$31,770$30,584$26,188
5 years$28,246$26,897$25,617$24,402$23,249$19,061
6 years$23,302$21,963$20,702$19,515$18,396$14,419
7 years$19,772$18,445$17,204$16,044$14,961$11,194
8 years$17,126$15,810$14,590$13,459$12,412$8,852
9 years$15,069$13,766$12,566$11,464$10,453$7,095
10 years$13,424$12,134$10,956$9,882$8,906$5,747
11 years$12,079$10,802$9,645$8,600$7,660$4,691
12 years$10,960$9,695$8,560$7,544$6,638$3,854
13 years$10,013$8,762$7,648$6,660$5,788$3,182
14 years$9,202$7,964$6,871$5,912$5,074$2,638
15 years$8,500$7,275$6,204$5,272$4,467$2,195
16 years$7,886$6,675$5,625$4,721$3,948$1,830
17 years$7,345$6,148$5,118$4,242$3,501$1,530
18 years$6,865$5,681$4,672$3,823$3,113$1,281
19 years$6,436$5,265$4,277$3,454$2,774$1,075
20 years$6,050$4,892$3,926$3,128$2,478$902
21 years$5,701$4,557$3,611$2,839$2,218$759
22 years$5,384$4,254$3,328$2,581$1,988$638
23 years$5,096$3,978$3,073$2,351$1,784$537
24 years$4,832$3,728$2,842$2,144$1,604$453
25 years$4,589$3,498$2,632$1,958$1,443$382
26 years$4,366$3,288$2,441$1,790$1,300$322
27 years$4,159$3,094$2,267$1,639$1,172$272
28 years$3,967$2,916$2,107$1,502$1,058$229
29 years$3,789$2,750$1,961$1,377$955$193
30 years$3,623$2,598$1,827$1,264$863$163
31 years$3,468$2,456$1,703$1,161$780$138
32 years$3,324$2,323$1,589$1,067$706$116
33 years$3,188$2,200$1,483$981$639$98
34 years$3,060$2,085$1,386$902$578$83
35 years$2,940$1,978$1,296$831$524$70
36 years$2,827$1,877$1,212$765$475$59
37 years$2,720$1,783$1,135$705$430$50
38 years$2,619$1,695$1,063$650$390$42
39 years$2,524$1,611$995$599$354$36
40 years$2,434$1,533$933$553$321$30
41 years$2,348$1,459$875$510$291$26
42 years$2,266$1,390$821$471$264$22
43 years$2,189$1,324$770$434$240$18
44 years$2,115$1,262$723$401$217$15
45 years$2,045$1,204$679$370$197$13
46 years$1,978$1,148$638$342$179$11
47 years$1,914$1,096$599$316$163$9
48 years$1,852$1,046$563$292$148$8
49 years$1,794$999$529$270$134$7
50 years$1,738$954$497$250$122$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,780,000, adding $4,986 every year, while hoping to spend $37,694 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: 77/12/11 Blend
70$1,780,000$1,780,000$1,780,000$1,780,000
71$1,966,703$1,872,363$1,844,773$2,113,789
72$2,127,201$1,924,003$1,866,467$2,262,931
73$2,302,806$1,976,909$1,887,624$2,421,115
74$2,495,019$2,031,105$1,908,187$2,593,491
75$2,705,494$2,086,613$1,928,094$2,781,457
76$2,936,051$2,143,453$1,947,282$2,986,552
77$3,188,695$2,201,649$1,965,683$3,210,474
78$3,465,633$2,261,221$1,983,224$3,455,090
79$3,769,297$2,322,190$1,999,832$3,722,458
80$4,102,366$2,384,578$2,015,426$4,014,844
81$4,467,788$2,448,403$2,029,923$4,334,745
82$4,868,813$2,513,685$2,043,236$4,684,909
83$5,309,019$2,580,443$2,055,273$5,068,365
84$5,792,350$2,648,696$2,065,935$5,488,451
85$6,323,148$2,718,460$2,075,122$5,948,842
86$6,906,196$2,789,752$2,082,726$6,453,587
87$7,546,765$2,862,587$2,088,634$7,007,148
88$8,250,661$2,936,979$2,092,729$7,614,438
89$9,024,278$3,012,941$2,094,885$8,280,874
90$9,874,665$3,090,485$2,094,974$9,012,421
91$10,809,583$3,169,621$2,092,858$9,815,651
92$11,837,585$3,250,357$2,088,393$10,697,808
93$12,968,094$3,332,700$2,081,430$11,666,871
94$14,211,492$3,416,655$2,071,810$12,731,632
95$15,579,217$3,502,224$2,059,369$13,901,779
96$17,083,872$3,589,408$2,043,932$15,187,986
97$18,739,342$3,678,204$2,025,319$16,602,015
98$20,560,927$3,768,608$2,003,340$18,156,825
99$22,565,484$3,860,613$1,977,794$19,866,699
100$24,771,588$3,954,207$1,948,474$21,747,372