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%12.6%
1 years$330,316$327,374$324,503$321,702$318,966$315,503
2 years$163,523$160,477$157,526$154,664$151,888$148,402
3 years$107,932$104,874$101,930$99,095$96,364$92,963
4 years$80,143$77,093$74,179$71,392$68,728$65,437
5 years$63,473$60,442$57,566$54,836$52,246$49,075
6 years$52,364$49,356$46,522$43,853$41,340$38,294
7 years$44,431$41,449$38,660$36,054$33,621$30,699
8 years$38,485$35,529$32,787$30,245$27,892$25,095
9 years$33,863$30,935$28,239$25,762$23,489$20,817
10 years$30,167$27,267$24,619$22,207$20,014$17,464
11 years$27,145$24,274$21,675$19,327$17,212$14,783
12 years$24,628$21,787$19,236$16,952$14,916$12,604
13 years$22,501$19,689$17,186$14,966$13,007$10,810
14 years$20,678$17,897$15,441$13,285$11,402$9,317
15 years$19,101$16,349$13,942$11,848$10,039$8,063
16 years$17,722$15,000$12,640$10,609$8,873$7,002
17 years$16,506$13,815$11,502$9,532$7,867$6,098
18 years$15,426$12,765$10,500$8,590$6,995$5,324
19 years$14,462$11,831$9,612$7,762$6,235$4,659
20 years$13,595$10,994$8,821$7,030$5,569$4,084
21 years$12,811$10,240$8,114$6,380$4,984$3,586
22 years$12,100$9,559$7,478$5,801$4,467$3,153
23 years$11,451$8,940$6,905$5,283$4,010$2,775
24 years$10,858$8,376$6,386$4,818$3,604$2,446
25 years$10,313$7,861$5,915$4,400$3,243$2,157
26 years$9,810$7,388$5,486$4,024$2,921$1,904
27 years$9,346$6,953$5,094$3,683$2,634$1,682
28 years$8,915$6,552$4,735$3,374$2,377$1,487
29 years$8,515$6,181$4,407$3,094$2,146$1,315
30 years$8,142$5,837$4,105$2,840$1,939$1,163
31 years$7,794$5,518$3,827$2,608$1,753$1,030
32 years$7,469$5,221$3,570$2,397$1,586$912
33 years$7,163$4,945$3,334$2,204$1,435$808
34 years$6,877$4,686$3,115$2,028$1,299$716
35 years$6,607$4,445$2,912$1,867$1,177$634
36 years$6,353$4,219$2,724$1,719$1,066$562
37 years$6,113$4,007$2,550$1,584$966$499
38 years$5,886$3,808$2,388$1,460$876$442
39 years$5,672$3,621$2,237$1,346$795$392
40 years$5,469$3,445$2,097$1,242$721$348
41 years$5,276$3,279$1,966$1,146$654$309
42 years$5,093$3,123$1,844$1,057$593$274
43 years$4,918$2,976$1,731$976$538$243
44 years$4,753$2,837$1,624$901$489$216
45 years$4,595$2,705$1,525$832$444$192
46 years$4,444$2,580$1,433$769$403$170
47 years$4,300$2,462$1,346$710$366$151
48 years$4,163$2,351$1,265$656$332$134
49 years$4,031$2,245$1,189$607$302$119
50 years$3,905$2,144$1,118$561$274$106

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 $6,479 every year, while hoping to spend $43,888 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: 62/29/9 Blend
70$4,000,000$4,000,000$4,000,000$4,000,000
71$4,414,683$4,202,683$4,140,683$4,679,394
72$4,818,284$4,361,918$4,232,699$5,016,446
73$5,261,582$4,527,485$4,326,327$5,378,518
74$5,748,578$4,699,647$4,421,575$5,772,609
75$6,283,684$4,878,680$4,518,448$6,201,814
76$6,871,755$5,064,871$4,616,952$6,669,542
77$7,518,145$5,258,520$4,717,090$7,179,540
78$8,228,749$5,459,940$4,818,866$7,735,931
79$9,010,062$5,669,459$4,922,279$8,343,255
80$9,869,242$5,887,416$5,027,329$9,006,504
81$10,814,173$6,114,168$5,134,013$9,731,174
82$11,853,543$6,350,086$5,242,326$10,523,313
83$12,996,922$6,595,558$5,352,262$11,389,578
84$14,254,858$6,850,989$5,463,812$12,337,296
85$15,638,968$7,116,803$5,576,964$13,374,536
86$17,162,056$7,393,440$5,691,706$14,510,176
87$18,838,229$7,681,361$5,808,021$15,753,995
88$20,683,029$7,981,048$5,925,891$17,116,756
89$22,713,582$8,293,004$6,045,293$18,610,312
90$24,948,760$8,617,754$6,166,202$20,247,714
91$27,409,356$8,955,846$6,288,592$22,043,333
92$30,118,280$9,307,852$6,412,430$24,012,994
93$33,100,780$9,674,372$6,537,681$26,174,127
94$36,384,673$10,056,030$6,664,307$28,545,923
95$40,000,613$10,453,479$6,792,265$31,149,522
96$43,982,377$10,867,402$6,921,508$34,008,205
97$48,367,185$11,298,510$7,051,984$37,147,614
98$53,196,049$11,747,548$7,183,637$40,595,992
99$58,514,163$12,215,295$7,316,405$44,384,448
100$64,371,327$12,702,563$7,450,223$48,547,249