Can I retire at age 71 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$152,771$151,410$150,083$148,787$147,522$144,780
2 years$75,629$74,221$72,856$71,532$70,248$67,497
3 years$49,919$48,504$47,142$45,831$44,568$41,892
4 years$37,066$35,656$34,308$33,019$31,787$29,206
5 years$29,356$27,954$26,624$25,362$24,164$21,687
6 years$24,218$22,827$21,516$20,282$19,120$16,749
7 years$20,550$19,170$17,880$16,675$15,550$13,286
8 years$17,799$16,432$15,164$13,988$12,900$10,742
9 years$15,661$14,307$13,061$11,915$10,864$8,811
10 years$13,952$12,611$11,386$10,271$9,256$7,307
11 years$12,554$11,227$10,024$8,939$7,961$6,112
12 years$11,391$10,077$8,896$7,840$6,899$5,148
13 years$10,407$9,106$7,948$6,922$6,016$4,361
14 years$9,564$8,277$7,142$6,144$5,273$3,711
15 years$8,834$7,562$6,448$5,480$4,643$3,170
16 years$8,196$6,938$5,846$4,907$4,104$2,717
17 years$7,634$6,389$5,320$4,408$3,638$2,334
18 years$7,135$5,904$4,856$3,973$3,235$2,010
19 years$6,689$5,472$4,446$3,590$2,884$1,735
20 years$6,288$5,085$4,080$3,251$2,576$1,499
21 years$5,925$4,736$3,753$2,951$2,305$1,298
22 years$5,596$4,421$3,459$2,683$2,066$1,125
23 years$5,296$4,135$3,194$2,443$1,855$976
24 years$5,022$3,874$2,953$2,229$1,667$847
25 years$4,770$3,636$2,736$2,035$1,500$736
26 years$4,537$3,417$2,537$1,861$1,351$640
27 years$4,322$3,216$2,356$1,703$1,218$557
28 years$4,123$3,030$2,190$1,561$1,099$485
29 years$3,938$2,859$2,038$1,431$993$422
30 years$3,766$2,700$1,898$1,313$897$368
31 years$3,605$2,552$1,770$1,206$811$320
32 years$3,454$2,415$1,651$1,109$733$279
33 years$3,313$2,287$1,542$1,019$664$244
34 years$3,180$2,167$1,441$938$601$212
35 years$3,056$2,056$1,347$863$544$185
36 years$2,938$1,951$1,260$795$493$162
37 years$2,827$1,853$1,179$733$447$141
38 years$2,722$1,761$1,104$675$405$123
39 years$2,623$1,675$1,035$623$367$107
40 years$2,529$1,593$970$574$333$94
41 years$2,440$1,517$909$530$302$82
42 years$2,355$1,444$853$489$274$71
43 years$2,275$1,376$800$451$249$62
44 years$2,198$1,312$751$417$226$54
45 years$2,125$1,251$705$385$205$48
46 years$2,055$1,193$663$356$186$41
47 years$1,989$1,139$622$329$169$36
48 years$1,925$1,087$585$304$154$32
49 years$1,864$1,038$550$281$140$28
50 years$1,806$992$517$259$127$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,850,000, adding $6,532 every year, while hoping to spend $48,548 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: 71/22/7 Blend
70$1,850,000$1,850,000$1,850,000$1,850,000
71$2,045,438$1,947,388$1,918,713$2,188,042
72$2,202,418$1,991,155$1,931,335$2,326,876
73$2,373,783$2,035,440$1,942,753$2,472,140
74$2,560,948$2,080,216$1,952,875$2,629,792
75$2,765,473$2,125,455$1,961,605$2,801,036
76$2,989,074$2,171,125$1,968,841$2,987,202
77$3,233,641$2,217,191$1,974,478$3,189,752
78$3,501,253$2,263,614$1,978,404$3,410,297
79$3,794,201$2,310,352$1,980,501$3,650,612
80$4,115,009$2,357,359$1,980,647$3,912,650
81$4,466,454$2,404,583$1,978,713$4,198,564
82$4,851,595$2,451,970$1,974,562$4,510,726
83$5,273,802$2,499,461$1,968,054$4,851,748
84$5,736,785$2,546,990$1,959,039$5,224,507
85$6,244,631$2,594,487$1,947,362$5,632,175
86$6,801,843$2,641,876$1,932,858$6,078,244
87$7,413,379$2,689,076$1,915,356$6,566,564
88$8,084,700$2,735,997$1,894,677$7,101,373
89$8,821,824$2,782,545$1,870,633$7,687,345
90$9,631,377$2,828,618$1,843,027$8,329,627
91$10,520,662$2,874,104$1,811,652$9,033,891
92$11,497,720$2,918,885$1,776,293$9,806,389
93$12,571,412$2,962,836$1,736,724$10,654,006
94$13,751,500$3,005,819$1,692,708$11,584,333
95$15,048,739$3,047,689$1,643,999$12,605,733
96$16,474,974$3,088,290$1,590,338$13,727,420
97$18,043,261$3,127,456$1,531,453$14,959,550
98$19,767,980$3,165,008$1,467,063$16,313,315
99$21,664,976$3,200,755$1,396,872$17,801,046
100$23,751,706$3,234,495$1,320,570$19,436,334