Can I retire at age 71 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$156,900$155,503$154,139$152,808$151,509$147,368
2 years$77,673$76,227$74,825$73,465$72,147$68,006
3 years$51,268$49,815$48,417$47,070$45,773$41,760
4 years$38,068$36,619$35,235$33,911$32,646$28,793
5 years$30,150$28,710$27,344$26,047$24,817$21,134
6 years$24,873$23,444$22,098$20,830$19,637$16,128
7 years$21,105$19,688$18,363$17,126$15,970$12,635
8 years$18,280$16,876$15,574$14,366$13,249$10,086
9 years$16,085$14,694$13,414$12,237$11,157$8,164
10 years$14,329$12,952$11,694$10,548$9,506$6,679
11 years$12,894$11,530$10,295$9,180$8,176$5,509
12 years$11,698$10,349$9,137$8,052$7,085$4,574
13 years$10,688$9,353$8,163$7,109$6,178$3,818
14 years$9,822$8,501$7,335$6,310$5,416$3,201
15 years$9,073$7,766$6,622$5,628$4,769$2,692
16 years$8,418$7,125$6,004$5,039$4,214$2,272
17 years$7,840$6,562$5,463$4,528$3,737$1,921
18 years$7,328$6,064$4,987$4,080$3,323$1,628
19 years$6,869$5,620$4,566$3,687$2,962$1,382
20 years$6,457$5,222$4,190$3,339$2,645$1,175
21 years$6,085$4,864$3,854$3,031$2,367$1,000
22 years$5,747$4,540$3,552$2,755$2,122$852
23 years$5,439$4,247$3,280$2,509$1,905$726
24 years$5,157$3,979$3,033$2,289$1,712$620
25 years$4,898$3,734$2,809$2,090$1,541$529
26 years$4,660$3,509$2,606$1,911$1,388$452
27 years$4,439$3,303$2,420$1,749$1,251$386
28 years$4,235$3,112$2,249$1,603$1,129$330
29 years$4,045$2,936$2,093$1,470$1,019$283
30 years$3,868$2,773$1,950$1,349$921$242
31 years$3,702$2,621$1,818$1,239$833$207
32 years$3,548$2,480$1,696$1,139$753$177
33 years$3,403$2,349$1,583$1,047$682$152
34 years$3,266$2,226$1,479$963$617$130
35 years$3,138$2,111$1,383$887$559$111
36 years$3,018$2,004$1,294$817$507$95
37 years$2,904$1,903$1,211$752$459$81
38 years$2,796$1,809$1,134$694$416$70
39 years$2,694$1,720$1,063$640$377$60
40 years$2,598$1,636$996$590$342$51
41 years$2,506$1,558$934$544$311$44
42 years$2,419$1,484$876$502$282$38
43 years$2,336$1,414$822$464$256$32
44 years$2,257$1,347$772$428$232$28
45 years$2,182$1,285$725$395$211$24
46 years$2,111$1,226$681$365$191$20
47 years$2,043$1,170$639$337$174$17
48 years$1,977$1,117$601$312$158$15
49 years$1,915$1,066$565$288$143$13
50 years$1,855$1,019$531$266$130$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,900,000, adding $2,593 every year, while hoping to spend $46,652 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: 80/11/9 Blend
70$1,900,000$1,900,000$1,900,000$1,900,000
71$2,096,475$1,995,775$1,966,325$2,261,201
72$2,260,678$2,043,930$1,982,559$2,417,738
73$2,440,066$2,092,882$1,997,774$2,583,091
74$2,636,139$2,142,619$2,011,886$2,763,146
75$2,850,548$2,193,130$2,024,806$2,959,349
76$3,085,110$2,244,400$2,036,444$3,173,292
77$3,341,828$2,296,412$2,046,701$3,406,729
78$3,622,905$2,349,147$2,055,476$3,661,592
79$3,930,768$2,402,583$2,062,662$3,940,009
80$4,268,091$2,456,694$2,068,146$4,244,321
81$4,637,817$2,511,452$2,071,809$4,577,112
82$5,043,188$2,566,827$2,073,529$4,941,222
83$5,487,775$2,622,783$2,073,173$5,339,786
84$5,975,510$2,679,282$2,070,607$5,776,252
85$6,510,726$2,736,280$2,065,686$6,254,421
86$7,098,194$2,793,732$2,058,260$6,778,482
87$7,743,169$2,851,585$2,048,172$7,353,047
88$8,451,443$2,909,782$2,035,256$7,983,199
89$9,229,392$2,968,264$2,019,339$8,674,538
90$10,084,043$3,026,962$2,000,240$9,433,233
91$11,023,136$3,085,803$1,977,768$10,266,083
92$12,055,197$3,144,709$1,951,725$11,180,577
93$13,189,622$3,203,594$1,921,902$12,184,968
94$14,436,759$3,262,366$1,888,081$13,288,350
95$15,808,010$3,320,924$1,850,034$14,500,741
96$17,315,938$3,379,160$1,807,521$15,833,183
97$18,974,383$3,436,959$1,760,293$17,297,841
98$20,798,595$3,494,194$1,708,087$18,908,120
99$22,805,374$3,550,732$1,650,631$20,678,792
100$25,013,233$3,606,428$1,587,637$22,626,132