Can I retire at age 71 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$151,120$149,774$148,460$147,178$145,927$141,482
2 years$74,812$73,418$72,068$70,759$69,489$65,049
3 years$49,379$47,980$46,633$45,336$44,087$39,791
4 years$36,665$35,270$33,937$32,662$31,443$27,324
5 years$29,039$27,652$26,336$25,088$23,902$19,972
6 years$23,956$22,580$21,284$20,063$18,913$15,175
7 years$20,327$18,963$17,687$16,495$15,381$11,834
8 years$17,607$16,255$15,000$13,837$12,760$9,402
9 years$15,492$14,153$12,919$11,786$10,746$7,574
10 years$13,801$12,475$11,263$10,160$9,156$6,165
11 years$12,419$11,106$9,916$8,842$7,875$5,059
12 years$11,267$9,968$8,800$7,756$6,824$4,178
13 years$10,294$9,008$7,862$6,847$5,951$3,469
14 years$9,460$8,188$7,064$6,078$5,216$2,892
15 years$8,739$7,480$6,378$5,421$4,593$2,419
16 years$8,108$6,863$5,783$4,853$4,059$2,029
17 years$7,551$6,320$5,262$4,361$3,599$1,706
18 years$7,058$5,840$4,804$3,930$3,200$1,437
19 years$6,616$5,413$4,398$3,551$2,852$1,213
20 years$6,220$5,030$4,036$3,216$2,548$1,025
21 years$5,861$4,685$3,712$2,919$2,280$867
22 years$5,536$4,373$3,421$2,654$2,044$734
23 years$5,239$4,090$3,159$2,417$1,835$622
24 years$4,967$3,832$2,922$2,204$1,649$527
25 years$4,718$3,596$2,706$2,013$1,484$447
26 years$4,488$3,380$2,510$1,841$1,337$380
27 years$4,276$3,181$2,330$1,685$1,205$322
28 years$4,079$2,997$2,166$1,544$1,087$274
29 years$3,896$2,828$2,016$1,416$982$233
30 years$3,725$2,670$1,878$1,299$887$198
31 years$3,566$2,524$1,751$1,193$802$168
32 years$3,417$2,389$1,633$1,097$726$143
33 years$3,277$2,262$1,525$1,008$657$122
34 years$3,146$2,144$1,425$928$594$103
35 years$3,023$2,034$1,332$854$538$88
36 years$2,906$1,930$1,246$787$488$75
37 years$2,797$1,833$1,167$725$442$64
38 years$2,693$1,742$1,092$668$401$54
39 years$2,595$1,657$1,023$616$364$46
40 years$2,502$1,576$959$568$330$39
41 years$2,414$1,500$899$524$299$33
42 years$2,330$1,429$844$484$271$28
43 years$2,250$1,361$792$447$246$24
44 years$2,174$1,298$743$412$224$21
45 years$2,102$1,237$698$381$203$17
46 years$2,033$1,181$655$352$184$15
47 years$1,967$1,127$616$325$167$13
48 years$1,904$1,075$579$300$152$11
49 years$1,844$1,027$544$278$138$9
50 years$1,787$981$511$257$125$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,830,000, adding $3,727 every year, while hoping to spend $52,335 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: 45/35/20 Blend
70$1,830,000$1,830,000$1,830,000$1,830,000
71$2,020,504$1,923,514$1,895,149$2,099,646
72$2,170,912$1,962,083$1,902,953$2,194,158
73$2,334,907$2,000,787$1,909,264$2,291,120
74$2,513,820$2,039,578$1,913,977$2,395,186
75$2,709,116$2,078,403$1,916,981$2,507,039
76$2,922,407$2,117,206$1,918,161$2,627,435
77$3,155,468$2,155,925$1,917,395$2,757,205
78$3,410,253$2,194,493$1,914,555$2,897,269
79$3,688,913$2,232,837$1,909,507$3,048,639
80$3,993,817$2,270,881$1,902,111$3,212,432
81$4,327,574$2,308,542$1,892,219$3,389,881
82$4,693,055$2,345,728$1,879,676$3,582,345
83$5,093,423$2,382,346$1,864,322$3,791,325
84$5,532,161$2,418,290$1,845,986$4,018,474
85$6,013,106$2,453,450$1,824,491$4,265,619
86$6,540,482$2,487,709$1,799,651$4,534,771
87$7,118,943$2,520,938$1,771,271$4,828,152
88$7,753,613$2,553,002$1,739,147$5,148,213
89$8,450,139$2,583,757$1,703,066$5,497,655
90$9,214,739$2,613,047$1,662,804$5,879,459
91$10,054,263$2,640,706$1,618,128$6,296,913
92$10,976,256$2,666,559$1,568,794$6,753,644
93$11,989,031$2,690,417$1,514,545$7,253,653
94$13,101,745$2,712,080$1,455,115$7,801,352
95$14,324,485$2,731,334$1,390,223$8,401,607
96$15,668,365$2,747,952$1,319,578$9,059,785
97$17,145,628$2,761,692$1,242,874$9,781,808
98$18,769,764$2,772,297$1,159,792$10,574,203
99$20,555,632$2,779,492$1,069,998$11,444,170
100$22,519,607$2,782,988$973,143$12,399,652