Can I retire at age 71 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$322,058$319,190$316,391$313,659$310,991$305,087
2 years$159,435$156,466$153,588$150,798$148,091$142,165
3 years$105,234$102,252$99,381$96,617$93,955$88,193
4 years$78,139$75,166$72,324$69,607$67,010$61,455
5 years$61,886$58,931$56,127$53,465$50,940$45,609
6 years$51,055$48,122$45,359$42,757$40,307$35,206
7 years$43,321$40,412$37,693$35,153$32,780$27,910
8 years$37,523$34,641$31,967$29,489$27,194$22,554
9 years$33,016$30,161$27,533$25,118$22,902$18,488
10 years$29,412$26,586$24,004$21,652$19,513$15,322
11 years$26,466$23,668$21,133$18,843$16,782$12,809
12 years$24,013$21,243$18,755$16,528$14,543$10,782
13 years$21,938$19,197$16,756$14,592$12,682$9,127
14 years$20,161$17,450$15,055$12,953$11,117$7,762
15 years$18,623$15,941$13,593$11,552$9,788$6,626
16 years$17,278$14,625$12,324$10,343$8,651$5,674
17 years$16,093$13,469$11,214$9,294$7,670$4,872
18 years$15,041$12,446$10,237$8,375$6,820$4,193
19 years$14,100$11,535$9,372$7,568$6,079$3,615
20 years$13,255$10,719$8,601$6,854$5,430$3,123
21 years$12,491$9,984$7,911$6,221$4,859$2,701
22 years$11,797$9,320$7,291$5,656$4,355$2,338
23 years$11,165$8,717$6,732$5,151$3,910$2,027
24 years$10,586$8,167$6,226$4,698$3,514$1,759
25 years$10,055$7,664$5,767$4,290$3,162$1,527
26 years$9,565$7,203$5,348$3,923$2,848$1,327
27 years$9,112$6,779$4,966$3,591$2,568$1,153
28 years$8,692$6,388$4,617$3,290$2,317$1,003
29 years$8,302$6,026$4,296$3,017$2,092$873
30 years$7,939$5,691$4,002$2,769$1,891$760
31 years$7,599$5,380$3,731$2,543$1,709$661
32 years$7,282$5,091$3,481$2,337$1,546$576
33 years$6,984$4,821$3,250$2,149$1,399$502
34 years$6,705$4,569$3,037$1,977$1,267$437
35 years$6,442$4,334$2,839$1,820$1,147$381
36 years$6,194$4,113$2,656$1,676$1,040$332
37 years$5,960$3,907$2,486$1,545$942$290
38 years$5,739$3,713$2,328$1,424$854$252
39 years$5,530$3,531$2,181$1,313$775$220
40 years$5,332$3,359$2,044$1,211$703$192
41 years$5,144$3,197$1,917$1,117$637$167
42 years$4,965$3,045$1,798$1,031$578$146
43 years$4,795$2,901$1,687$952$525$127
44 years$4,634$2,766$1,584$879$477$111
45 years$4,480$2,637$1,487$812$433$97
46 years$4,333$2,516$1,397$750$393$85
47 years$4,193$2,401$1,312$693$357$74
48 years$4,059$2,292$1,233$640$324$64
49 years$3,930$2,189$1,159$591$294$56
50 years$3,808$2,091$1,090$547$267$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,900,000, adding $4,282 every year, while hoping to spend $59,289 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: 62/16/22 Blend
70$3,900,000$3,900,000$3,900,000$3,900,000
71$4,302,217$4,095,517$4,035,067$4,543,945
72$4,677,960$4,233,114$4,107,159$4,845,449
73$5,090,042$4,375,467$4,179,678$5,167,537
74$5,542,106$4,522,745$4,252,578$5,517,860
75$6,038,167$4,675,125$4,325,805$5,899,180
76$6,582,645$4,832,791$4,399,304$6,314,534
77$7,180,410$4,995,933$4,473,016$6,767,269
78$7,836,827$5,164,749$4,546,877$7,261,070
79$8,557,805$5,339,443$4,620,819$7,799,991
80$9,349,853$5,520,228$4,694,769$8,388,501
81$10,220,144$5,707,325$4,768,650$9,031,519
82$11,176,578$5,900,963$4,842,379$9,734,463
83$12,227,858$6,101,380$4,915,867$10,503,299
84$13,383,574$6,308,822$4,989,023$11,344,600
85$14,654,289$6,523,545$5,061,747$12,265,604
86$16,051,644$6,745,816$5,133,932$13,274,285
87$17,588,461$6,975,911$5,205,469$14,379,425
88$19,278,870$7,214,116$5,276,238$15,590,699
89$21,138,437$7,460,729$5,346,113$16,918,765
90$23,184,312$7,716,060$5,414,963$18,375,362
91$25,435,394$7,980,429$5,482,647$19,973,425
92$27,912,505$8,254,170$5,549,016$21,727,202
93$30,638,585$8,537,630$5,613,913$23,652,390
94$33,638,915$8,831,168$5,677,173$25,766,285
95$36,941,347$9,135,158$5,738,621$28,087,940
96$40,576,572$9,449,988$5,798,072$30,638,348
97$44,578,406$9,776,061$5,855,332$33,440,637
98$48,984,113$10,113,798$5,910,195$36,520,291
99$53,834,752$10,463,633$5,962,445$39,905,387
100$59,175,565$10,826,019$6,011,855$43,626,861