Can I retire at age 71 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$305,543$302,821$300,166$297,574$295,043$287,096
2 years$151,259$148,442$145,711$143,064$140,497$132,546
3 years$99,837$97,008$94,285$91,663$89,137$81,433
4 years$74,132$71,311$68,615$66,038$63,573$56,174
5 years$58,713$55,909$53,248$50,723$48,327$41,254
6 years$48,436$45,654$43,033$40,564$38,240$31,499
7 years$41,099$38,340$35,760$33,350$31,099$24,691
8 years$35,599$32,864$30,328$27,976$25,800$19,721
9 years$31,323$28,614$26,121$23,830$21,727$15,973
10 years$27,904$25,222$22,773$20,541$18,513$13,075
11 years$25,109$22,454$20,049$17,877$15,921$10,792
12 years$22,781$20,153$17,793$15,681$13,797$8,966
13 years$20,813$18,213$15,897$13,844$12,031$7,489
14 years$19,128$16,555$14,283$12,289$10,547$6,283
15 years$17,668$15,123$12,896$10,960$9,286$5,289
16 years$16,392$13,875$11,692$9,813$8,207$4,465
17 years$15,268$12,779$10,639$8,817$7,277$3,779
18 years$14,269$11,808$9,712$7,946$6,470$3,205
19 years$13,377$10,944$8,891$7,180$5,767$2,723
20 years$12,575$10,169$8,160$6,503$5,151$2,316
21 years$11,850$9,472$7,506$5,902$4,610$1,973
22 years$11,192$8,842$6,917$5,366$4,132$1,682
23 years$10,593$8,270$6,387$4,887$3,709$1,435
24 years$10,044$7,748$5,907$4,457$3,334$1,226
25 years$9,539$7,271$5,471$4,070$3,000$1,047
26 years$9,074$6,834$5,074$3,722$2,702$895
27 years$8,645$6,431$4,712$3,407$2,436$766
28 years$8,246$6,060$4,380$3,121$2,198$655
29 years$7,876$5,717$4,076$2,862$1,985$561
30 years$7,532$5,399$3,797$2,627$1,794$480
31 years$7,210$5,104$3,540$2,413$1,622$411
32 years$6,909$4,830$3,303$2,217$1,467$352
33 years$6,626$4,574$3,084$2,039$1,328$302
34 years$6,361$4,335$2,881$1,876$1,202$259
35 years$6,112$4,111$2,694$1,727$1,089$222
36 years$5,876$3,902$2,520$1,590$986$190
37 years$5,655$3,706$2,359$1,465$894$163
38 years$5,445$3,522$2,209$1,351$810$140
39 years$5,247$3,349$2,069$1,245$735$120
40 years$5,058$3,187$1,940$1,149$667$103
41 years$4,880$3,033$1,819$1,060$605$88
42 years$4,711$2,889$1,706$978$549$75
43 years$4,550$2,753$1,601$903$498$65
44 years$4,396$2,624$1,503$834$452$55
45 years$4,250$2,502$1,411$770$410$48
46 years$4,111$2,387$1,325$711$373$41
47 years$3,978$2,278$1,245$657$338$35
48 years$3,850$2,174$1,170$607$307$30
49 years$3,729$2,076$1,100$561$279$26
50 years$3,612$1,984$1,034$519$253$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,700,000, adding $5,433 every year, while hoping to spend $45,386 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: 45/44/11 Blend
70$3,700,000$3,700,000$3,700,000$3,700,000
71$4,083,004$3,886,904$3,829,554$4,253,765
72$4,451,180$4,029,072$3,909,554$4,514,892
73$4,855,389$4,176,685$3,990,712$4,792,806
74$5,299,258$4,329,962$4,073,021$5,093,136
75$5,786,784$4,489,131$4,156,468$5,417,968
76$6,322,367$4,654,430$4,241,041$5,769,593
77$6,910,858$4,826,107$4,326,725$6,150,528
78$7,557,598$5,004,419$4,413,504$6,563,540
79$8,268,474$5,189,636$4,501,357$7,011,670
80$9,049,970$5,382,039$4,590,263$7,498,261
81$9,909,228$5,581,921$4,680,199$8,026,988
82$10,854,120$5,789,585$4,771,136$8,601,890
83$11,893,316$6,005,351$4,863,045$9,227,413
84$13,036,371$6,229,550$4,955,894$9,908,443
85$14,293,810$6,462,528$5,049,646$10,650,355
86$15,677,232$6,704,645$5,144,262$11,459,064
87$17,199,414$6,956,277$5,239,699$12,341,075
88$18,874,437$7,217,817$5,335,912$13,303,545
89$20,717,814$7,489,674$5,432,849$14,354,352
90$22,746,638$7,772,276$5,530,457$15,502,163
91$24,979,744$8,066,066$5,628,676$16,756,517
92$27,437,884$8,371,509$5,727,443$18,127,913
93$30,143,926$8,689,091$5,826,690$19,627,907
94$33,123,067$9,019,317$5,926,344$21,269,219
95$36,403,071$9,362,715$6,026,328$23,065,852
96$40,014,531$9,719,834$6,126,556$25,033,222
97$43,991,157$10,091,251$6,226,941$27,188,302
98$48,370,097$10,477,563$6,327,385$29,549,779
99$53,192,282$10,879,399$6,427,787$32,138,228
100$58,502,815$11,297,409$6,528,038$34,976,305