Can I retire at age 71 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$297,285$294,637$292,053$289,531$287,069$276,664
2 years$147,171$144,430$141,773$139,198$136,700$126,330
3 years$97,139$94,386$91,737$89,185$86,728$76,721
4 years$72,128$69,384$66,761$64,253$61,855$52,287
5 years$57,126$54,398$51,809$49,352$47,021$37,917
6 years$47,127$44,420$41,869$39,468$37,206$28,572
7 years$39,988$37,304$34,794$32,448$30,259$22,093
8 years$34,637$31,976$29,508$27,220$25,102$17,398
9 years$30,476$27,841$25,415$23,186$21,140$13,886
10 years$27,150$24,541$22,157$19,986$18,012$11,197
11 years$24,430$21,847$19,507$17,394$15,491$9,100
12 years$22,165$19,609$17,312$15,257$13,424$7,441
13 years$20,251$17,721$15,467$13,470$11,706$6,115
14 years$18,611$16,107$13,897$11,957$10,262$5,045
15 years$17,191$14,714$12,547$10,663$9,035$4,175
16 years$15,949$13,500$11,376$9,548$7,985$3,465
17 years$14,855$12,433$10,352$8,579$7,080$2,881
18 years$13,884$11,489$9,450$7,731$6,295$2,400
19 years$13,016$10,648$8,651$6,986$5,611$2,002
20 years$12,235$9,894$7,939$6,327$5,012$1,673
21 years$11,530$9,216$7,303$5,742$4,485$1,398
22 years$10,890$8,603$6,731$5,221$4,020$1,170
23 years$10,306$8,046$6,214$4,755$3,609$980
24 years$9,772$7,539$5,747$4,337$3,244$821
25 years$9,281$7,075$5,323$3,960$2,919$688
26 years$8,829$6,649$4,937$3,621$2,629$577
27 years$8,411$6,258$4,584$3,315$2,371$484
28 years$8,024$5,897$4,262$3,037$2,139$406
29 years$7,664$5,563$3,966$2,785$1,931$341
30 years$7,328$5,253$3,694$2,556$1,745$286
31 years$7,015$4,966$3,444$2,347$1,578$240
32 years$6,722$4,699$3,213$2,157$1,427$202
33 years$6,447$4,450$3,000$1,984$1,292$169
34 years$6,189$4,218$2,803$1,825$1,169$142
35 years$5,946$4,000$2,621$1,680$1,059$120
36 years$5,718$3,797$2,452$1,547$960$100
37 years$5,502$3,606$2,295$1,426$870$84
38 years$5,298$3,427$2,149$1,314$789$71
39 years$5,105$3,259$2,013$1,212$715$60
40 years$4,922$3,101$1,887$1,118$649$50
41 years$4,748$2,951$1,770$1,031$588$42
42 years$4,583$2,811$1,660$952$534$35
43 years$4,427$2,678$1,558$878$485$30
44 years$4,277$2,553$1,462$811$440$25
45 years$4,135$2,434$1,373$749$399$21
46 years$3,999$2,322$1,289$692$363$18
47 years$3,870$2,216$1,211$639$329$15
48 years$3,746$2,116$1,138$591$299$12
49 years$3,628$2,020$1,070$546$272$10
50 years$3,515$1,930$1,006$505$247$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,600,000, adding $2,264 every year, while hoping to spend $50,370 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: 55/30/15 Blend
70$3,600,000$3,600,000$3,600,000$3,600,000
71$3,969,535$3,778,735$3,722,935$4,172,074
72$4,320,835$3,910,300$3,794,060$4,441,667
73$4,706,278$4,046,623$3,865,880$4,729,447
74$5,129,296$4,187,885$3,938,364$5,041,662
75$5,593,665$4,334,272$4,011,480$5,380,655
76$6,103,547$4,485,980$4,085,193$5,749,005
77$6,663,526$4,643,210$4,159,464$6,149,547
78$7,278,651$4,806,173$4,234,251$6,585,402
79$7,954,485$4,975,087$4,309,511$7,060,005
80$8,697,158$5,150,181$4,385,194$7,577,132
81$9,513,419$5,331,691$4,461,249$8,140,943
82$10,410,707$5,519,863$4,537,620$8,756,016
83$11,397,216$5,714,954$4,614,248$9,427,388
84$12,481,975$5,917,229$4,691,068$10,160,606
85$13,674,929$6,126,967$4,768,012$10,961,774
86$14,987,039$6,344,455$4,845,007$11,837,615
87$16,430,378$6,569,994$4,921,976$12,795,529
88$18,018,249$6,803,896$4,998,835$13,843,666
89$19,765,310$7,046,487$5,075,495$14,990,997
90$21,687,711$7,298,104$5,151,864$16,247,405
91$23,803,247$7,559,100$5,227,840$17,623,768
92$26,131,524$7,829,842$5,303,319$19,132,071
93$28,694,146$8,110,711$5,378,187$20,785,511
94$31,514,918$8,402,105$5,452,325$22,598,621
95$34,620,068$8,704,437$5,525,607$24,587,410
96$38,038,499$9,018,138$5,597,898$26,769,511
97$41,802,056$9,343,657$5,669,058$29,164,344
98$45,945,830$9,681,460$5,738,936$31,793,303
99$50,508,487$10,032,035$5,807,373$34,679,952
100$55,532,636$10,395,888$5,874,203$37,850,249