Can I retire at age 71 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$148,642$147,318$146,027$144,766$143,535$140,008
2 years$73,585$72,215$70,887$69,599$68,350$64,818
3 years$48,570$47,193$45,868$44,593$43,364$39,938
4 years$36,064$34,692$33,380$32,127$30,928$27,634
5 years$28,563$27,199$25,905$24,676$23,511$20,358
6 years$23,564$22,210$20,935$19,734$18,603$15,595
7 years$19,994$18,652$17,397$16,224$15,129$12,266
8 years$17,318$15,988$14,754$13,610$12,551$9,832
9 years$15,238$13,921$12,708$11,593$10,570$7,992
10 years$13,575$12,270$11,079$9,993$9,006$6,567
11 years$12,215$10,924$9,754$8,697$7,746$5,441
12 years$11,083$9,804$8,656$7,628$6,712$4,538
13 years$10,125$8,860$7,734$6,735$5,853$3,806
14 years$9,305$8,054$6,949$5,978$5,131$3,206
15 years$8,595$7,357$6,274$5,332$4,518$2,710
16 years$7,975$6,750$5,688$4,774$3,993$2,298
17 years$7,428$6,217$5,176$4,289$3,540$1,953
18 years$6,942$5,744$4,725$3,866$3,148$1,664
19 years$6,508$5,324$4,325$3,493$2,806$1,420
20 years$6,118$4,947$3,970$3,163$2,506$1,213
21 years$5,765$4,608$3,651$2,871$2,243$1,038
22 years$5,445$4,302$3,365$2,610$2,010$889
23 years$5,153$4,023$3,107$2,377$1,804$763
24 years$4,886$3,769$2,874$2,168$1,622$654
25 years$4,641$3,537$2,662$1,980$1,459$562
26 years$4,415$3,325$2,468$1,811$1,315$483
27 years$4,206$3,129$2,292$1,657$1,185$415
28 years$4,012$2,948$2,131$1,518$1,069$357
29 years$3,832$2,781$1,983$1,392$966$307
30 years$3,664$2,627$1,847$1,278$873$264
31 years$3,507$2,483$1,722$1,174$789$227
32 years$3,361$2,350$1,607$1,079$714$196
33 years$3,224$2,225$1,500$992$646$168
34 years$3,095$2,109$1,402$913$585$145
35 years$2,973$2,000$1,310$840$530$125
36 years$2,859$1,898$1,226$774$480$108
37 years$2,751$1,803$1,147$713$435$93
38 years$2,649$1,714$1,074$657$394$80
39 years$2,552$1,629$1,007$606$358$69
40 years$2,461$1,550$944$559$324$59
41 years$2,374$1,476$885$516$294$51
42 years$2,292$1,405$830$476$267$44
43 years$2,213$1,339$779$439$242$38
44 years$2,139$1,276$731$406$220$33
45 years$2,068$1,217$686$375$200$28
46 years$2,000$1,161$645$346$181$24
47 years$1,935$1,108$606$320$165$21
48 years$1,873$1,058$569$295$149$18
49 years$1,814$1,010$535$273$136$16
50 years$1,757$965$503$252$123$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,800,000, adding $2,726 every year, while hoping to spend $56,363 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: 37/41/22 Blend
70$1,800,000$1,800,000$1,800,000$1,800,000
71$1,986,412$1,891,012$1,863,112$2,046,677
72$2,129,056$1,923,702$1,865,556$2,123,548
73$2,284,361$1,956,104$1,866,194$2,201,076
74$2,453,558$1,988,146$1,864,904$2,283,679
75$2,638,004$2,019,748$1,861,561$2,371,847
76$2,839,190$2,050,825$1,856,032$2,466,123
77$3,058,758$2,081,286$1,848,180$2,567,105
78$3,298,516$2,111,034$1,837,859$2,675,455
79$3,560,455$2,139,964$1,824,917$2,791,906
80$3,846,763$2,167,965$1,809,194$2,917,267
81$4,159,855$2,194,917$1,790,524$3,052,431
82$4,502,384$2,220,692$1,768,731$3,198,387
83$4,877,276$2,245,154$1,743,631$3,356,228
84$5,287,749$2,268,158$1,715,034$3,527,159
85$5,737,350$2,289,548$1,682,738$3,712,514
86$6,229,982$2,309,159$1,646,533$3,913,767
87$6,769,948$2,326,815$1,606,199$4,132,546
88$7,361,982$2,342,328$1,561,506$4,370,648
89$8,011,300$2,355,498$1,512,213$4,630,060
90$8,723,648$2,366,113$1,458,067$4,912,976
91$9,505,355$2,373,947$1,398,807$5,221,820
92$10,363,390$2,378,760$1,334,156$5,559,267
93$11,305,433$2,380,296$1,263,827$5,928,274
94$12,339,940$2,378,283$1,187,519$6,332,105
95$13,476,230$2,372,435$1,104,916$6,774,363
96$14,724,566$2,362,445$1,015,692$7,259,027
97$16,096,256$2,347,990$919,502$7,790,492
98$17,603,757$2,328,724$815,988$8,373,605
99$19,260,791$2,304,282$704,775$9,013,722
100$21,082,479$2,274,280$585,472$9,716,752