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%12.2%
1 years$297,285$294,637$292,053$289,531$287,069$284,426
2 years$147,171$144,430$141,773$139,198$136,700$134,037
3 years$97,139$94,386$91,737$89,185$86,728$84,128
4 years$72,128$69,384$66,761$64,253$61,855$59,338
5 years$57,126$54,398$51,809$49,352$47,021$44,594
6 years$47,127$44,420$41,869$39,468$37,206$34,872
7 years$39,988$37,304$34,794$32,448$30,259$28,019
8 years$34,637$31,976$29,508$27,220$25,102$22,956
9 years$30,476$27,841$25,415$23,186$21,140$19,087
10 years$27,150$24,541$22,157$19,986$18,012$16,052
11 years$24,430$21,847$19,507$17,394$15,491$13,621
12 years$22,165$19,609$17,312$15,257$13,424$11,643
13 years$20,251$17,721$15,467$13,470$11,706$10,012
14 years$18,611$16,107$13,897$11,957$10,262$8,652
15 years$17,191$14,714$12,547$10,663$9,035$7,508
16 years$15,949$13,500$11,376$9,548$7,985$6,537
17 years$14,855$12,433$10,352$8,579$7,080$5,710
18 years$13,884$11,489$9,450$7,731$6,295$4,999
19 years$13,016$10,648$8,651$6,986$5,611$4,387
20 years$12,235$9,894$7,939$6,327$5,012$3,857
21 years$11,530$9,216$7,303$5,742$4,485$3,397
22 years$10,890$8,603$6,731$5,221$4,020$2,995
23 years$10,306$8,046$6,214$4,755$3,609$2,645
24 years$9,772$7,539$5,747$4,337$3,244$2,338
25 years$9,281$7,075$5,323$3,960$2,919$2,068
26 years$8,829$6,649$4,937$3,621$2,629$1,832
27 years$8,411$6,258$4,584$3,315$2,371$1,623
28 years$8,024$5,897$4,262$3,037$2,139$1,439
29 years$7,664$5,563$3,966$2,785$1,931$1,277
30 years$7,328$5,253$3,694$2,556$1,745$1,134
31 years$7,015$4,966$3,444$2,347$1,578$1,007
32 years$6,722$4,699$3,213$2,157$1,427$895
33 years$6,447$4,450$3,000$1,984$1,292$795
34 years$6,189$4,218$2,803$1,825$1,169$707
35 years$5,946$4,000$2,621$1,680$1,059$629
36 years$5,718$3,797$2,452$1,547$960$559
37 years$5,502$3,606$2,295$1,426$870$497
38 years$5,298$3,427$2,149$1,314$789$443
39 years$5,105$3,259$2,013$1,212$715$394
40 years$4,922$3,101$1,887$1,118$649$351
41 years$4,748$2,951$1,770$1,031$588$312
42 years$4,583$2,811$1,660$952$534$278
43 years$4,427$2,678$1,558$878$485$248
44 years$4,277$2,553$1,462$811$440$220
45 years$4,135$2,434$1,373$749$399$196
46 years$3,999$2,322$1,289$692$363$175
47 years$3,870$2,216$1,211$639$329$156
48 years$3,746$2,116$1,138$591$299$139
49 years$3,628$2,020$1,070$546$272$124
50 years$3,515$1,930$1,006$505$247$110

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 $6,424 every year, while hoping to spend $23,607 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: 49/39/12 Blend
70$3,600,000$3,600,000$3,600,000$3,600,000
71$3,973,826$3,783,026$3,727,226$4,155,227
72$4,354,039$3,943,277$3,826,971$4,440,785
73$4,772,242$4,110,589$3,929,265$4,747,800
74$5,232,286$4,285,283$4,034,171$5,080,753
75$5,738,412$4,467,695$4,141,749$5,442,081
76$6,295,295$4,658,176$4,252,062$5,834,460
77$6,908,084$4,857,096$4,365,175$6,260,827
78$7,582,454$5,064,839$4,481,154$6,724,414
79$8,324,656$5,281,808$4,600,065$7,228,770
80$9,141,580$5,508,426$4,721,976$7,777,796
81$10,040,817$5,745,134$4,846,957$8,375,779
82$11,030,729$5,992,395$4,975,079$9,027,435
83$12,120,534$6,250,692$5,106,415$9,737,947
84$13,320,385$6,520,533$5,241,037$10,513,015
85$14,641,474$6,802,449$5,379,021$11,358,908
86$16,096,130$7,096,994$5,520,444$12,282,520
87$17,697,939$7,404,751$5,665,382$13,291,436
88$19,461,873$7,726,328$5,813,917$14,393,998
89$21,404,428$8,062,362$5,966,127$15,599,386
90$23,543,784$8,413,522$6,122,097$16,917,700
91$25,899,971$8,780,506$6,281,908$18,360,052
92$28,495,063$9,164,045$6,445,647$19,938,670
93$31,353,383$9,564,907$6,613,400$21,667,015
94$34,501,734$9,983,894$6,785,255$23,559,898
95$37,969,652$10,421,846$6,961,302$25,633,622
96$41,789,683$10,879,642$7,141,631$27,906,134
97$45,997,691$11,358,205$7,326,337$30,397,188
98$50,633,198$11,858,500$7,515,512$33,128,532
99$55,739,755$12,381,537$7,709,252$36,124,107
100$61,365,352$12,928,375$7,907,654$39,410,274