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%17.1%
1 years$151,120$149,774$148,460$147,178$145,927$141,710
2 years$74,812$73,418$72,068$70,759$69,489$65,274
3 years$49,379$47,980$46,633$45,336$44,087$40,006
4 years$36,665$35,270$33,937$32,662$31,443$27,527
5 years$29,039$27,652$26,336$25,088$23,902$20,163
6 years$23,956$22,580$21,284$20,063$18,913$15,353
7 years$20,327$18,963$17,687$16,495$15,381$12,001
8 years$17,607$16,255$15,000$13,837$12,760$9,557
9 years$15,492$14,153$12,919$11,786$10,746$7,717
10 years$13,801$12,475$11,263$10,160$9,156$6,297
11 years$12,419$11,106$9,916$8,842$7,875$5,181
12 years$11,267$9,968$8,800$7,756$6,824$4,291
13 years$10,294$9,008$7,862$6,847$5,951$3,572
14 years$9,460$8,188$7,064$6,078$5,216$2,986
15 years$8,739$7,480$6,378$5,421$4,593$2,505
16 years$8,108$6,863$5,783$4,853$4,059$2,107
17 years$7,551$6,320$5,262$4,361$3,599$1,777
18 years$7,058$5,840$4,804$3,930$3,200$1,501
19 years$6,616$5,413$4,398$3,551$2,852$1,271
20 years$6,220$5,030$4,036$3,216$2,548$1,077
21 years$5,861$4,685$3,712$2,919$2,280$914
22 years$5,536$4,373$3,421$2,654$2,044$776
23 years$5,239$4,090$3,159$2,417$1,835$660
24 years$4,967$3,832$2,922$2,204$1,649$561
25 years$4,718$3,596$2,706$2,013$1,484$477
26 years$4,488$3,380$2,510$1,841$1,337$407
27 years$4,276$3,181$2,330$1,685$1,205$346
28 years$4,079$2,997$2,166$1,544$1,087$295
29 years$3,896$2,828$2,016$1,416$982$252
30 years$3,725$2,670$1,878$1,299$887$215
31 years$3,566$2,524$1,751$1,193$802$183
32 years$3,417$2,389$1,633$1,097$726$156
33 years$3,277$2,262$1,525$1,008$657$133
34 years$3,146$2,144$1,425$928$594$114
35 years$3,023$2,034$1,332$854$538$97
36 years$2,906$1,930$1,246$787$488$83
37 years$2,797$1,833$1,167$725$442$71
38 years$2,693$1,742$1,092$668$401$60
39 years$2,595$1,657$1,023$616$364$51
40 years$2,502$1,576$959$568$330$44
41 years$2,414$1,500$899$524$299$38
42 years$2,330$1,429$844$484$271$32
43 years$2,250$1,361$792$447$246$27
44 years$2,174$1,298$743$412$224$23
45 years$2,102$1,237$698$381$203$20
46 years$2,033$1,181$655$352$184$17
47 years$1,967$1,127$616$325$167$15
48 years$1,904$1,075$579$300$152$12
49 years$1,844$1,027$544$278$138$11
50 years$1,787$981$511$257$125$9

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 $3,652 every year, while hoping to spend $54,273 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: 70/21/9 Blend
70$1,830,000$1,830,000$1,830,000$1,830,000
71$2,020,427$1,923,437$1,895,072$2,158,222
72$2,168,765$1,959,939$1,900,811$2,286,435
73$2,330,413$1,996,411$1,904,923$2,419,702
74$2,506,674$2,032,794$1,907,297$2,564,064
75$2,698,978$2,069,024$1,907,814$2,720,601
76$2,908,901$2,105,033$1,906,353$2,890,501
77$3,138,177$2,140,748$1,902,783$3,075,074
78$3,388,714$2,176,088$1,896,970$3,275,763
79$3,662,615$2,210,969$1,888,771$3,494,157
80$3,962,195$2,245,298$1,878,037$3,732,008
81$4,290,000$2,278,979$1,864,613$3,991,245
82$4,648,836$2,311,906$1,848,334$4,273,995
83$5,041,793$2,343,965$1,829,029$4,582,599
84$5,472,274$2,375,037$1,806,519$4,919,639
85$5,944,024$2,404,992$1,780,616$5,287,960
86$6,461,171$2,433,693$1,751,123$5,690,697
87$7,028,258$2,460,992$1,717,833$6,131,303
88$7,650,292$2,486,732$1,680,532$6,613,587
89$8,332,786$2,510,746$1,638,994$7,141,742
90$9,081,812$2,532,855$1,592,982$7,720,392
91$9,904,060$2,552,868$1,542,250$8,354,633
92$10,806,898$2,570,582$1,486,540$9,050,081
93$11,798,444$2,585,783$1,425,581$9,812,924
94$12,887,638$2,598,239$1,359,091$10,649,983
95$14,084,331$2,607,707$1,286,774$11,568,776
96$15,399,375$2,613,926$1,208,323$12,577,588
97$16,844,724$2,616,621$1,123,415$13,685,551
98$18,433,548$2,615,499$1,031,712$14,902,728
99$20,180,359$2,610,247$932,864$16,240,212
100$22,101,143$2,600,536$826,501$17,710,227