Can I retire at age 71 with 1,870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$154,423$153,047$151,705$150,395$149,116$144,228
2 years$76,447$75,023$73,643$72,306$71,008$66,129
3 years$50,458$49,028$47,652$46,327$45,050$40,335
4 years$37,467$36,041$34,679$33,376$32,130$27,614
5 years$29,674$28,257$26,912$25,636$24,425$20,120
6 years$24,480$23,074$21,749$20,501$19,327$15,237
7 years$20,772$19,377$18,073$16,855$15,718$11,842
8 years$17,992$16,610$15,328$14,139$13,039$9,375
9 years$15,831$14,462$13,202$12,044$10,981$7,524
10 years$14,103$12,747$11,510$10,382$9,356$6,102
11 years$12,690$11,348$10,133$9,035$8,047$4,988
12 years$11,514$10,186$8,993$7,925$6,973$4,103
13 years$10,519$9,205$8,034$6,997$6,081$3,393
14 years$9,667$8,367$7,219$6,211$5,330$2,817
15 years$8,930$7,643$6,518$5,539$4,693$2,346
16 years$8,285$7,013$5,909$4,960$4,148$1,960
17 years$7,716$6,458$5,377$4,456$3,678$1,640
18 years$7,212$5,968$4,909$4,016$3,270$1,376
19 years$6,761$5,531$4,494$3,629$2,915$1,156
20 years$6,356$5,140$4,124$3,286$2,604$972
21 years$5,989$4,787$3,793$2,983$2,330$818
22 years$5,657$4,469$3,496$2,712$2,088$690
23 years$5,354$4,180$3,228$2,470$1,875$581
24 years$5,076$3,916$2,985$2,253$1,685$491
25 years$4,821$3,675$2,765$2,057$1,516$414
26 years$4,586$3,454$2,564$1,881$1,366$350
27 years$4,369$3,251$2,381$1,722$1,231$296
28 years$4,168$3,063$2,214$1,577$1,111$250
29 years$3,981$2,890$2,060$1,447$1,003$211
30 years$3,807$2,729$1,919$1,328$907$179
31 years$3,644$2,580$1,789$1,219$820$151
32 years$3,492$2,441$1,669$1,121$741$128
33 years$3,349$2,312$1,558$1,030$671$108
34 years$3,215$2,191$1,456$948$607$92
35 years$3,089$2,078$1,361$873$550$77
36 years$2,970$1,972$1,274$804$499$66
37 years$2,858$1,873$1,192$741$452$56
38 years$2,752$1,780$1,116$683$410$47
39 years$2,652$1,693$1,046$629$371$40
40 years$2,557$1,611$980$581$337$34
41 years$2,466$1,533$919$536$306$29
42 years$2,381$1,460$862$494$277$24
43 years$2,299$1,391$809$456$252$20
44 years$2,222$1,326$759$421$228$17
45 years$2,148$1,265$713$389$207$15
46 years$2,078$1,206$670$359$188$12
47 years$2,010$1,151$629$332$171$10
48 years$1,946$1,099$591$307$155$9
49 years$1,885$1,049$556$284$141$8
50 years$1,826$1,002$523$262$128$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,870,000, adding $5,954 every year, while hoping to spend $30,087 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: 90/5/5 Blend
70$1,870,000$1,870,000$1,870,000$1,870,000
71$2,066,882$1,967,772$1,938,787$2,252,740
72$2,245,691$2,032,180$1,971,724$2,438,824
73$2,441,731$2,098,736$2,004,756$2,638,551
74$2,656,727$2,167,513$2,037,854$2,857,201
75$2,892,579$2,238,588$2,070,988$3,096,662
76$3,151,381$2,312,038$2,104,126$3,359,014
77$3,435,440$2,387,946$2,137,232$3,646,545
78$3,747,296$2,466,395$2,170,270$3,961,778
79$4,089,745$2,547,475$2,203,200$4,307,490
80$4,465,872$2,631,274$2,235,980$4,686,742
81$4,879,072$2,717,887$2,268,565$5,102,904
82$5,333,085$2,807,411$2,300,910$5,559,689
83$5,832,032$2,899,946$2,332,963$6,061,186
84$6,380,453$2,995,597$2,364,671$6,611,902
85$6,983,350$3,094,473$2,395,978$7,216,800
86$7,646,234$3,196,684$2,426,825$7,881,347
87$8,375,175$3,302,346$2,457,149$8,611,569
88$9,176,862$3,411,581$2,486,883$9,414,102
89$10,058,665$3,524,511$2,515,957$10,296,259
90$11,028,703$3,641,267$2,544,296$11,266,096
91$12,095,924$3,761,982$2,571,823$12,332,488
92$13,270,182$3,886,793$2,598,453$13,505,214
93$14,562,341$4,015,846$2,624,101$14,795,051
94$15,984,365$4,149,288$2,648,674$16,213,869
95$17,549,441$4,287,273$2,672,075$17,774,749
96$19,272,096$4,429,962$2,694,202$19,492,103
97$21,168,340$4,577,520$2,714,948$21,381,813
98$23,255,811$4,730,119$2,734,199$23,461,375
99$25,553,945$4,887,937$2,751,836$25,750,071
100$28,084,160$5,051,158$2,767,735$28,269,143