Can I retire at age 71 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$264,253$261,899$259,603$257,361$255,172$250,842
2 years$130,818$128,382$126,021$123,731$121,511$117,161
3 years$86,346$83,899$81,544$79,276$77,091$72,858
4 years$64,114$61,675$59,343$57,114$54,982$50,898
5 years$50,778$48,354$46,053$43,869$41,797$37,873
6 years$41,891$39,484$37,217$35,082$33,072$29,314
7 years$35,545$33,159$30,928$28,843$26,897$23,305
8 years$30,788$28,423$26,229$24,196$22,313$18,887
9 years$27,090$24,748$22,591$20,609$18,791$15,528
10 years$24,133$21,814$19,696$17,766$16,011$12,909
11 years$21,716$19,420$17,340$15,461$13,770$10,825
12 years$19,703$17,430$15,388$13,562$11,933$9,142
13 years$18,000$15,752$13,749$11,973$10,406$7,764
14 years$16,543$14,318$12,353$10,628$9,121$6,625
15 years$15,281$13,080$11,153$9,478$8,031$5,675
16 years$14,177$12,000$10,112$8,487$7,098$4,877
17 years$13,205$11,052$9,202$7,625$6,294$4,203
18 years$12,341$10,212$8,400$6,872$5,596$3,630
19 years$11,569$9,465$7,690$6,210$4,988$3,142
20 years$10,876$8,795$7,057$5,624$4,455$2,723
21 years$10,249$8,192$6,491$5,104$3,987$2,364
22 years$9,680$7,647$5,983$4,641$3,574$2,055
23 years$9,161$7,152$5,524$4,226$3,208$1,788
24 years$8,686$6,701$5,109$3,855$2,883$1,558
25 years$8,250$6,289$4,732$3,520$2,595$1,358
26 years$7,848$5,910$4,388$3,219$2,337$1,184
27 years$7,477$5,562$4,075$2,946$2,107$1,034
28 years$7,132$5,241$3,788$2,699$1,901$903
29 years$6,812$4,945$3,525$2,475$1,717$789
30 years$6,514$4,670$3,284$2,272$1,551$689
31 years$6,235$4,414$3,061$2,087$1,402$603
32 years$5,975$4,177$2,856$1,918$1,269$527
33 years$5,731$3,956$2,667$1,763$1,148$461
34 years$5,501$3,749$2,492$1,622$1,039$403
35 years$5,286$3,556$2,330$1,494$942$353
36 years$5,082$3,375$2,179$1,376$853$309
37 years$4,890$3,206$2,040$1,267$773$271
38 years$4,709$3,046$1,910$1,168$701$237
39 years$4,538$2,897$1,790$1,077$636$208
40 years$4,375$2,756$1,677$993$577$182
41 years$4,221$2,624$1,573$917$523$159
42 years$4,074$2,499$1,475$846$475$139
43 years$3,935$2,381$1,384$781$431$122
44 years$3,802$2,269$1,300$721$391$107
45 years$3,676$2,164$1,220$666$355$94
46 years$3,555$2,064$1,146$615$322$82
47 years$3,440$1,970$1,077$568$293$72
48 years$3,330$1,881$1,012$525$266$63
49 years$3,225$1,796$951$485$241$55
50 years$3,124$1,715$894$449$219$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,200,000, adding $2,485 every year, while hoping to spend $54,480 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: 60/20/20 Blend
70$3,200,000$3,200,000$3,200,000$3,200,000
71$3,528,963$3,359,363$3,309,763$3,722,074
72$3,830,951$3,466,006$3,362,674$3,959,762
73$4,161,916$3,576,048$3,415,531$4,212,750
74$4,524,756$3,689,598$3,468,276$4,487,531
75$4,922,662$3,806,770$3,520,845$4,786,227
76$5,359,151$3,927,680$3,573,171$5,111,171
77$5,838,095$4,052,446$3,625,182$5,464,937
78$6,363,759$4,181,194$3,676,804$5,850,353
79$6,940,842$4,314,052$3,727,956$6,270,537
80$7,574,518$4,451,150$3,778,553$6,728,922
81$8,270,488$4,592,627$3,828,504$7,229,286
82$9,035,034$4,738,622$3,877,715$7,775,793
83$9,875,074$4,889,281$3,926,085$8,373,027
84$10,798,230$5,044,753$3,973,507$9,026,037
85$11,812,898$5,205,195$4,019,868$9,740,385
86$12,928,330$5,370,766$4,065,050$10,522,197
87$14,154,717$5,541,631$4,108,926$11,378,220
88$15,503,288$5,717,960$4,151,365$12,315,887
89$16,986,414$5,899,931$4,192,227$13,343,386
90$18,617,725$6,087,725$4,231,363$14,469,739
91$20,412,239$6,281,529$4,268,620$15,704,880
92$22,386,502$6,481,539$4,303,833$17,059,759
93$24,558,745$6,687,954$4,336,831$18,546,436
94$26,949,054$6,900,980$4,367,432$20,178,199
95$29,579,562$7,120,833$4,395,446$21,969,687
96$32,474,655$7,347,732$4,420,671$23,937,030
97$35,661,205$7,581,906$4,442,898$26,097,999
98$39,168,817$7,823,589$4,461,905$28,472,175
99$43,030,117$8,073,025$4,477,459$31,081,130
100$47,281,051$8,330,465$4,489,316$33,948,637