Can I retire at age 71 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$330,316$327,374$324,503$321,702$318,966$311,128
2 years$163,523$160,477$157,526$154,664$151,888$144,041
3 years$107,932$104,874$101,930$99,095$96,364$88,752
4 years$80,143$77,093$74,179$71,392$68,728$61,409
5 years$63,473$60,442$57,566$54,836$52,246$45,241
6 years$52,364$49,356$46,522$43,853$41,340$34,657
7 years$44,431$41,449$38,660$36,054$33,621$27,259
8 years$38,485$35,529$32,787$30,245$27,892$21,849
9 years$33,863$30,935$28,239$25,762$23,489$17,760
10 years$30,167$27,267$24,619$22,207$20,014$14,592
11 years$27,145$24,274$21,675$19,327$17,212$12,091
12 years$24,628$21,787$19,236$16,952$14,916$10,085
13 years$22,501$19,689$17,186$14,966$13,007$8,458
14 years$20,678$17,897$15,441$13,285$11,402$7,124
15 years$19,101$16,349$13,942$11,848$10,039$6,023
16 years$17,722$15,000$12,640$10,609$8,873$5,107
17 years$16,506$13,815$11,502$9,532$7,867$4,341
18 years$15,426$12,765$10,500$8,590$6,995$3,698
19 years$14,462$11,831$9,612$7,762$6,235$3,155
20 years$13,595$10,994$8,821$7,030$5,569$2,697
21 years$12,811$10,240$8,114$6,380$4,984$2,307
22 years$12,100$9,559$7,478$5,801$4,467$1,976
23 years$11,451$8,940$6,905$5,283$4,010$1,695
24 years$10,858$8,376$6,386$4,818$3,604$1,454
25 years$10,313$7,861$5,915$4,400$3,243$1,248
26 years$9,810$7,388$5,486$4,024$2,921$1,073
27 years$9,346$6,953$5,094$3,683$2,634$922
28 years$8,915$6,552$4,735$3,374$2,377$793
29 years$8,515$6,181$4,407$3,094$2,146$682
30 years$8,142$5,837$4,105$2,840$1,939$587
31 years$7,794$5,518$3,827$2,608$1,753$505
32 years$7,469$5,221$3,570$2,397$1,586$435
33 years$7,163$4,945$3,334$2,204$1,435$374
34 years$6,877$4,686$3,115$2,028$1,299$322
35 years$6,607$4,445$2,912$1,867$1,177$278
36 years$6,353$4,219$2,724$1,719$1,066$239
37 years$6,113$4,007$2,550$1,584$966$206
38 years$5,886$3,808$2,388$1,460$876$178
39 years$5,672$3,621$2,237$1,346$795$153
40 years$5,469$3,445$2,097$1,242$721$132
41 years$5,276$3,279$1,966$1,146$654$114
42 years$5,093$3,123$1,844$1,057$593$98
43 years$4,918$2,976$1,731$976$538$84
44 years$4,753$2,837$1,624$901$489$73
45 years$4,595$2,705$1,525$832$444$63
46 years$4,444$2,580$1,433$769$403$54
47 years$4,300$2,462$1,346$710$366$47
48 years$4,163$2,351$1,265$656$332$40
49 years$4,031$2,245$1,189$607$302$35
50 years$3,905$2,144$1,118$561$274$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,000,000, adding $3,504 every year, while hoping to spend $37,055 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: 62/9/29 Blend
70$4,000,000$4,000,000$4,000,000$4,000,000
71$4,411,614$4,199,614$4,137,614$4,650,502
72$4,822,173$4,365,969$4,236,798$4,979,775
73$5,273,366$4,539,234$4,338,063$5,334,853
74$5,769,300$4,719,707$4,441,439$5,721,816
75$6,314,498$4,907,702$4,546,956$6,143,793
76$6,913,944$5,103,546$4,654,646$6,604,229
77$7,573,126$5,307,580$4,764,537$7,106,916
78$8,298,095$5,520,161$4,876,659$7,656,031
79$9,095,515$5,741,663$4,991,041$8,256,170
80$9,972,729$5,972,476$5,107,712$8,912,396
81$10,937,827$6,213,007$5,226,700$9,630,284
82$11,999,723$6,463,682$5,348,032$10,415,972
83$13,168,239$6,724,947$5,471,736$11,276,221
84$14,454,197$6,997,266$5,597,836$12,218,478
85$15,869,520$7,281,128$5,726,359$13,250,943
86$17,427,348$7,577,040$5,857,329$14,382,648
87$19,142,157$7,885,535$5,990,769$15,623,541
88$21,029,900$8,207,168$6,126,702$16,984,582
89$23,108,152$8,542,521$6,265,149$18,477,840
90$25,396,281$8,892,203$6,406,129$20,116,612
91$27,915,629$9,256,849$6,549,662$21,915,544
92$30,689,712$9,637,123$6,695,765$23,890,773
93$33,744,443$10,033,722$6,844,452$26,060,072
94$37,108,373$10,447,372$6,995,739$28,443,024
95$40,812,968$10,878,833$7,149,637$31,061,201
96$44,892,896$11,328,902$7,306,156$33,938,369
97$49,386,364$11,798,410$7,465,303$37,100,713
98$54,335,468$12,288,227$7,627,086$40,577,080
99$59,786,599$12,799,263$7,791,507$44,399,253
100$65,790,876$13,332,471$7,958,567$48,602,247