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%17.5%
1 years$330,316$327,374$324,503$321,702$318,966$309,251
2 years$163,523$160,477$157,526$154,664$151,888$142,184
3 years$107,932$104,874$101,930$99,095$96,364$86,975
4 years$80,143$77,093$74,179$71,392$68,728$59,726
5 years$63,473$60,442$57,566$54,836$52,246$43,655
6 years$52,364$49,356$46,522$43,853$41,340$33,168
7 years$44,431$41,449$38,660$36,054$33,621$25,867
8 years$38,485$35,529$32,787$30,245$27,892$20,552
9 years$33,863$30,935$28,239$25,762$23,489$16,554
10 years$30,167$27,267$24,619$22,207$20,014$13,475
11 years$27,145$24,274$21,675$19,327$17,212$11,058
12 years$24,628$21,787$19,236$16,952$14,916$9,133
13 years$22,501$19,689$17,186$14,966$13,007$7,582
14 years$20,678$17,897$15,441$13,285$11,402$6,321
15 years$19,101$16,349$13,942$11,848$10,039$5,288
16 years$17,722$15,000$12,640$10,609$8,873$4,436
17 years$16,506$13,815$11,502$9,532$7,867$3,729
18 years$15,426$12,765$10,500$8,590$6,995$3,142
19 years$14,462$11,831$9,612$7,762$6,235$2,651
20 years$13,595$10,994$8,821$7,030$5,569$2,240
21 years$12,811$10,240$8,114$6,380$4,984$1,895
22 years$12,100$9,559$7,478$5,801$4,467$1,604
23 years$11,451$8,940$6,905$5,283$4,010$1,359
24 years$10,858$8,376$6,386$4,818$3,604$1,152
25 years$10,313$7,861$5,915$4,400$3,243$978
26 years$9,810$7,388$5,486$4,024$2,921$830
27 years$9,346$6,953$5,094$3,683$2,634$705
28 years$8,915$6,552$4,735$3,374$2,377$599
29 years$8,515$6,181$4,407$3,094$2,146$509
30 years$8,142$5,837$4,105$2,840$1,939$432
31 years$7,794$5,518$3,827$2,608$1,753$367
32 years$7,469$5,221$3,570$2,397$1,586$312
33 years$7,163$4,945$3,334$2,204$1,435$266
34 years$6,877$4,686$3,115$2,028$1,299$226
35 years$6,607$4,445$2,912$1,867$1,177$192
36 years$6,353$4,219$2,724$1,719$1,066$163
37 years$6,113$4,007$2,550$1,584$966$139
38 years$5,886$3,808$2,388$1,460$876$118
39 years$5,672$3,621$2,237$1,346$795$101
40 years$5,469$3,445$2,097$1,242$721$86
41 years$5,276$3,279$1,966$1,146$654$73
42 years$5,093$3,123$1,844$1,057$593$62
43 years$4,918$2,976$1,731$976$538$53
44 years$4,753$2,837$1,624$901$489$45
45 years$4,595$2,705$1,525$832$444$38
46 years$4,444$2,580$1,433$769$403$32
47 years$4,300$2,462$1,346$710$366$28
48 years$4,163$2,351$1,265$656$332$24
49 years$4,031$2,245$1,189$607$302$20
50 years$3,905$2,144$1,118$561$274$17

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 $4,594 every year, while hoping to spend $39,969 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: 67/28/5 Blend
70$4,000,000$4,000,000$4,000,000$4,000,000
71$4,412,739$4,200,739$4,138,739$4,705,415
72$4,820,311$4,364,048$4,234,860$5,063,234
73$5,268,117$4,534,020$4,332,861$5,448,968
74$5,760,217$4,710,939$4,432,764$5,869,547
75$6,301,085$4,895,102$4,534,588$6,328,366
76$6,895,652$5,086,818$4,638,353$6,829,154
77$7,549,349$5,286,412$4,744,078$7,376,020
78$8,268,158$5,494,222$4,851,780$7,973,480
79$9,058,672$5,710,601$4,961,477$8,626,506
80$9,928,154$5,935,918$5,073,184$9,340,572
81$10,884,607$6,170,559$5,186,916$10,121,698
82$11,936,847$6,414,926$5,302,688$10,976,515
83$13,094,588$6,669,440$5,420,511$11,912,320
84$14,368,535$6,934,542$5,540,397$12,937,144
85$15,770,481$7,210,690$5,662,356$14,059,832
86$17,313,421$7,498,364$5,786,395$15,290,120
87$19,011,672$7,798,067$5,912,522$16,638,726
88$20,881,012$8,110,321$6,040,741$18,117,454
89$22,938,825$8,435,676$6,171,055$19,739,301
90$25,204,264$8,774,704$6,303,465$21,518,577
91$27,698,438$9,128,003$6,437,970$23,471,043
92$30,444,602$9,496,199$6,574,566$25,614,053
93$33,468,384$9,879,945$6,713,246$27,966,722
94$36,798,023$10,279,926$6,854,003$30,550,098
95$40,464,634$10,696,856$6,996,826$33,387,367
96$44,502,506$11,131,481$7,141,699$36,504,063
97$48,949,422$11,584,583$7,288,605$39,928,310
98$53,847,013$12,056,978$7,437,524$43,691,089
99$59,241,159$12,549,521$7,588,431$47,826,522
100$65,182,413$13,063,103$7,741,299$52,372,195