Can I retire at age 71 with 1,790,000?

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 $1,790,000?

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$147,817$146,500$145,215$143,961$142,737$137,947
2 years$73,176$71,814$70,493$69,212$67,970$63,192
3 years$48,300$46,931$45,614$44,345$43,123$38,506
4 years$35,864$34,499$33,195$31,948$30,756$26,335
5 years$28,404$27,048$25,761$24,539$23,380$19,168
6 years$23,433$22,087$20,818$19,624$18,500$14,500
7 years$19,883$18,548$17,300$16,134$15,045$11,257
8 years$17,222$15,899$14,672$13,534$12,482$8,901
9 years$15,153$13,843$12,637$11,528$10,511$7,135
10 years$13,500$12,202$11,017$9,938$8,956$5,779
11 years$12,147$10,863$9,699$8,649$7,703$4,718
12 years$11,021$9,750$8,608$7,586$6,675$3,876
13 years$10,069$8,811$7,691$6,697$5,821$3,200
14 years$9,254$8,009$6,910$5,945$5,102$2,653
15 years$8,548$7,316$6,239$5,302$4,492$2,207
16 years$7,930$6,713$5,656$4,747$3,970$1,841
17 years$7,386$6,182$5,147$4,265$3,520$1,539
18 years$6,903$5,713$4,699$3,844$3,130$1,288
19 years$6,472$5,294$4,301$3,473$2,790$1,081
20 years$6,084$4,920$3,948$3,146$2,492$907
21 years$5,733$4,583$3,631$2,855$2,230$763
22 years$5,415$4,278$3,347$2,596$1,999$642
23 years$5,125$4,001$3,090$2,364$1,794$540
24 years$4,859$3,748$2,858$2,156$1,613$455
25 years$4,615$3,518$2,647$1,969$1,451$384
26 years$4,390$3,306$2,455$1,801$1,307$324
27 years$4,182$3,111$2,279$1,648$1,179$273
28 years$3,990$2,932$2,119$1,510$1,064$230
29 years$3,810$2,766$1,972$1,385$960$195
30 years$3,644$2,612$1,837$1,271$868$164
31 years$3,488$2,469$1,712$1,167$785$139
32 years$3,342$2,336$1,598$1,073$710$117
33 years$3,206$2,213$1,492$986$642$99
34 years$3,077$2,097$1,394$908$581$84
35 years$2,957$1,989$1,303$835$527$71
36 years$2,843$1,888$1,219$769$477$60
37 years$2,736$1,793$1,141$709$432$50
38 years$2,634$1,704$1,069$653$392$43
39 years$2,538$1,620$1,001$602$356$36
40 years$2,447$1,542$938$556$323$30
41 years$2,361$1,468$880$513$293$26
42 years$2,279$1,398$825$473$265$22
43 years$2,201$1,332$774$437$241$18
44 years$2,127$1,269$727$403$219$16
45 years$2,056$1,210$683$372$199$13
46 years$1,989$1,155$641$344$180$11
47 years$1,924$1,102$602$318$164$9
48 years$1,863$1,052$566$294$149$8
49 years$1,804$1,005$532$271$135$7
50 years$1,748$960$500$251$123$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,790,000, adding $4,117 every year, while hoping to spend $40,238 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: 61/9/30 Blend
70$1,790,000$1,790,000$1,790,000$1,790,000
71$1,976,827$1,881,957$1,854,212$2,081,111
72$2,135,650$1,931,360$1,873,515$2,202,133
73$2,309,325$1,981,835$1,892,116$2,329,516
74$2,499,323$2,033,392$1,909,949$2,467,740
75$2,707,267$2,086,041$1,926,945$2,617,874
76$2,934,940$2,139,789$1,943,030$2,781,096
77$3,184,310$2,194,644$1,958,127$2,958,704
78$3,457,540$2,250,613$1,972,155$3,152,129
79$3,757,016$2,307,699$1,985,029$3,362,948
80$4,085,362$2,365,907$1,996,658$3,592,899
81$4,445,472$2,425,239$2,006,949$3,843,896
82$4,840,529$2,485,695$2,015,801$4,118,051
83$5,274,044$2,547,275$2,023,111$4,417,689
84$5,749,880$2,609,975$2,028,769$4,745,375
85$6,272,295$2,673,791$2,032,660$5,103,934
86$6,845,978$2,738,716$2,034,663$5,496,480
87$7,476,094$2,804,739$2,034,651$5,926,447
88$8,168,336$2,871,851$2,032,491$6,397,616
89$8,928,970$2,940,036$2,028,044$6,914,158
90$9,764,904$3,009,277$2,021,162$7,480,669
91$10,683,747$3,079,554$2,011,694$8,102,213
92$11,693,881$3,150,844$1,999,477$8,784,374
93$12,804,541$3,223,119$1,984,343$9,533,305
94$14,025,901$3,296,349$1,966,116$10,355,789
95$15,369,172$3,370,499$1,944,610$11,259,300
96$16,846,704$3,445,531$1,919,631$12,252,076
97$18,472,106$3,521,400$1,890,977$13,343,200
98$20,260,370$3,598,058$1,858,434$14,542,679
99$22,228,017$3,675,452$1,821,781$15,861,545
100$24,393,249$3,753,522$1,780,784$17,311,955