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%14.2%
1 years$156,074$154,684$153,328$152,004$150,711$148,093
2 years$77,265$75,826$74,431$73,079$71,767$69,138
3 years$50,998$49,553$48,162$46,822$45,532$42,973
4 years$37,867$36,427$35,049$33,733$32,474$30,005
5 years$29,991$28,559$27,200$25,910$24,686$22,315
6 years$24,742$23,320$21,981$20,720$19,533$17,263
7 years$20,994$19,585$18,267$17,035$15,886$13,716
8 years$18,184$16,788$15,492$14,291$13,179$11,110
9 years$16,000$14,617$13,343$12,172$11,098$9,129
10 years$14,254$12,884$11,633$10,493$9,456$7,584
11 years$12,826$11,470$10,241$9,132$8,133$6,356
12 years$11,637$10,295$9,089$8,010$7,048$5,364
13 years$10,632$9,303$8,120$7,071$6,146$4,553
14 years$9,771$8,456$7,296$6,277$5,387$3,882
15 years$9,025$7,725$6,587$5,598$4,743$3,323
16 years$8,373$7,088$5,972$5,013$4,192$2,854
17 years$7,799$6,527$5,435$4,504$3,717$2,458
18 years$7,289$6,032$4,961$4,059$3,305$2,121
19 years$6,833$5,590$4,542$3,667$2,946$1,834
20 years$6,424$5,195$4,168$3,322$2,631$1,589
21 years$6,053$4,839$3,834$3,015$2,355$1,379
22 years$5,717$4,517$3,534$2,741$2,111$1,197
23 years$5,411$4,224$3,263$2,496$1,895$1,041
24 years$5,130$3,958$3,017$2,277$1,703$906
25 years$4,873$3,714$2,795$2,079$1,532$789
26 years$4,635$3,491$2,592$1,901$1,380$688
27 years$4,416$3,285$2,407$1,740$1,245$600
28 years$4,212$3,096$2,237$1,594$1,123$523
29 years$4,023$2,920$2,082$1,462$1,014$457
30 years$3,847$2,758$1,939$1,342$916$399
31 years$3,683$2,607$1,808$1,232$828$349
32 years$3,529$2,467$1,687$1,133$749$305
33 years$3,385$2,336$1,575$1,041$678$266
34 years$3,249$2,214$1,472$958$614$233
35 years$3,122$2,100$1,376$882$556$204
36 years$3,002$1,993$1,287$812$504$178
37 years$2,888$1,893$1,205$749$457$156
38 years$2,781$1,799$1,128$690$414$136
39 years$2,680$1,711$1,057$636$375$119
40 years$2,584$1,628$991$587$341$104
41 years$2,493$1,550$929$541$309$91
42 years$2,406$1,476$871$500$280$80
43 years$2,324$1,406$818$461$254$70
44 years$2,246$1,340$768$426$231$61
45 years$2,171$1,278$721$393$210$54
46 years$2,100$1,219$677$363$190$47
47 years$2,032$1,164$636$336$173$41
48 years$1,967$1,111$598$310$157$36
49 years$1,905$1,061$562$287$143$31
50 years$1,845$1,013$528$265$129$28

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 $4,532 every year, while hoping to spend $21,093 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: 67/17/16 Blend
70$1,890,000$1,890,000$1,890,000$1,890,000
71$2,087,455$1,987,285$1,957,990$2,219,034
72$2,277,932$2,062,219$2,001,140$2,382,394
73$2,487,132$2,140,118$2,045,028$2,558,061
74$2,716,940$2,221,105$2,089,658$2,749,620
75$2,969,437$2,305,308$2,135,030$2,958,629
76$3,246,913$2,392,861$2,181,146$3,186,803
77$3,551,890$2,483,904$2,228,007$3,436,030
78$3,887,150$2,578,582$2,275,613$3,708,390
79$4,255,755$2,677,048$2,323,961$4,006,170
80$4,661,079$2,779,461$2,373,051$4,331,890
81$5,106,841$2,885,986$2,422,880$4,688,324
82$5,597,135$2,996,795$2,473,443$5,078,526
83$6,136,475$3,112,071$2,524,736$5,505,861
84$6,729,834$3,232,001$2,576,753$5,974,031
85$7,382,690$3,356,781$2,629,487$6,487,117
86$8,101,079$3,486,618$2,682,929$7,049,610
87$8,891,652$3,621,726$2,737,070$7,666,458
88$9,761,738$3,762,328$2,791,900$8,343,110
89$10,719,412$3,908,658$2,847,405$9,085,567
90$11,773,570$4,060,961$2,903,571$9,900,441
91$12,934,018$4,219,491$2,960,384$10,795,012
92$14,211,556$4,384,515$3,017,826$11,777,302
93$15,618,089$4,556,311$3,075,877$12,856,145
94$17,166,732$4,735,168$3,134,517$14,041,274
95$18,871,939$4,921,391$3,193,723$15,343,410
96$20,749,633$5,115,296$3,253,470$16,774,364
97$22,817,365$5,317,214$3,313,730$18,347,148
98$25,094,470$5,527,491$3,374,474$20,076,095
99$27,602,256$5,746,489$3,435,669$21,976,996
100$30,364,203$5,974,584$3,497,281$24,067,251