Can I retire at age 71 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$156,074$154,684$153,328$152,004$150,711$146,711
2 years$77,265$75,826$74,431$73,079$71,767$67,765
3 years$50,998$49,553$48,162$46,822$45,532$41,653
4 years$37,867$36,427$35,049$33,733$32,474$28,748
5 years$29,991$28,559$27,200$25,910$24,686$21,123
6 years$24,742$23,320$21,981$20,720$19,533$16,137
7 years$20,994$19,585$18,267$17,035$15,886$12,657
8 years$18,184$16,788$15,492$14,291$13,179$10,115
9 years$16,000$14,617$13,343$12,172$11,098$8,197
10 years$14,254$12,884$11,633$10,493$9,456$6,714
11 years$12,826$11,470$10,241$9,132$8,133$5,546
12 years$11,637$10,295$9,089$8,010$7,048$4,611
13 years$10,632$9,303$8,120$7,071$6,146$3,854
14 years$9,771$8,456$7,296$6,277$5,387$3,235
15 years$9,025$7,725$6,587$5,598$4,743$2,725
16 years$8,373$7,088$5,972$5,013$4,192$2,302
17 years$7,799$6,527$5,435$4,504$3,717$1,950
18 years$7,289$6,032$4,961$4,059$3,305$1,655
19 years$6,833$5,590$4,542$3,667$2,946$1,407
20 years$6,424$5,195$4,168$3,322$2,631$1,198
21 years$6,053$4,839$3,834$3,015$2,355$1,021
22 years$5,717$4,517$3,534$2,741$2,111$871
23 years$5,411$4,224$3,263$2,496$1,895$744
24 years$5,130$3,958$3,017$2,277$1,703$636
25 years$4,873$3,714$2,795$2,079$1,532$544
26 years$4,635$3,491$2,592$1,901$1,380$465
27 years$4,416$3,285$2,407$1,740$1,245$398
28 years$4,212$3,096$2,237$1,594$1,123$341
29 years$4,023$2,920$2,082$1,462$1,014$292
30 years$3,847$2,758$1,939$1,342$916$250
31 years$3,683$2,607$1,808$1,232$828$215
32 years$3,529$2,467$1,687$1,133$749$184
33 years$3,385$2,336$1,575$1,041$678$158
34 years$3,249$2,214$1,472$958$614$135
35 years$3,122$2,100$1,376$882$556$116
36 years$3,002$1,993$1,287$812$504$100
37 years$2,888$1,893$1,205$749$457$85
38 years$2,781$1,799$1,128$690$414$73
39 years$2,680$1,711$1,057$636$375$63
40 years$2,584$1,628$991$587$341$54
41 years$2,493$1,550$929$541$309$46
42 years$2,406$1,476$871$500$280$40
43 years$2,324$1,406$818$461$254$34
44 years$2,246$1,340$768$426$231$29
45 years$2,171$1,278$721$393$210$25
46 years$2,100$1,219$677$363$190$22
47 years$2,032$1,164$636$336$173$18
48 years$1,967$1,111$598$310$157$16
49 years$1,905$1,061$562$287$143$14
50 years$1,845$1,013$528$265$129$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,890,000, adding $6,749 every year, while hoping to spend $46,562 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: 62/20/18 Blend
70$1,890,000$1,890,000$1,890,000$1,890,000
71$2,089,742$1,989,572$1,960,277$2,209,327
72$2,253,354$2,037,519$1,976,404$2,338,641
73$2,432,094$2,086,255$1,991,512$2,473,921
74$2,627,455$2,135,770$2,005,515$2,620,521
75$2,841,083$2,186,050$2,018,328$2,779,544
76$3,074,789$2,237,082$2,029,857$2,952,207
77$3,330,565$2,288,847$2,040,005$3,139,852
78$3,610,609$2,341,326$2,048,671$3,343,956
79$3,917,337$2,394,498$2,055,748$3,566,145
80$4,253,413$2,448,335$2,061,123$3,808,214
81$4,621,769$2,502,811$2,064,678$4,072,137
82$5,025,633$2,557,893$2,066,289$4,360,093
83$5,468,564$2,613,546$2,065,826$4,674,479
84$5,954,479$2,669,731$2,063,152$5,017,939
85$6,487,693$2,726,405$2,058,125$5,393,386
86$7,072,959$2,783,520$2,050,593$5,804,030
87$7,715,513$2,841,025$2,040,401$6,253,407
88$8,421,123$2,898,863$2,027,381$6,745,417
89$9,196,142$2,956,971$2,011,363$7,284,355
90$10,047,568$3,015,283$1,992,164$7,874,955
91$10,983,113$3,073,725$1,969,594$8,522,435
92$12,011,271$3,132,217$1,943,456$9,232,545
93$13,141,398$3,190,674$1,913,539$10,011,621
94$14,383,806$3,249,002$1,879,628$10,866,649
95$15,749,851$3,307,100$1,841,493$11,805,325
96$17,252,049$3,364,861$1,798,895$12,836,132
97$18,904,185$3,422,167$1,751,586$13,968,419
98$20,721,451$3,478,892$1,699,303$15,212,491
99$22,720,583$3,534,901$1,641,774$16,579,703
100$24,920,021$3,590,050$1,578,712$18,082,570