Can I retire at age 71 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$338,574$335,558$332,616$329,744$326,940$324,200
2 years$167,611$164,489$161,464$158,531$155,686$152,925
3 years$110,631$107,496$104,478$101,572$98,773$96,076
4 years$82,146$79,021$76,033$73,177$70,446$67,834
5 years$65,060$61,953$59,005$56,207$53,552$51,032
6 years$53,673$50,589$47,685$44,949$42,374$39,950
7 years$45,542$42,485$39,626$36,955$34,461$32,134
8 years$39,447$36,417$33,606$31,001$28,589$26,358
9 years$34,709$31,708$28,945$26,406$24,076$21,942
10 years$30,921$27,949$25,235$22,762$20,514$18,474
11 years$27,823$24,881$22,216$19,810$17,643$15,696
12 years$25,244$22,332$19,716$17,376$15,289$13,434
13 years$23,063$20,182$17,615$15,340$13,332$11,567
14 years$21,195$18,345$15,827$13,617$11,687$10,008
15 years$19,578$16,758$14,290$12,144$10,290$8,696
16 years$18,165$15,375$12,956$10,874$9,094$7,583
17 years$16,918$14,160$11,790$9,770$8,064$6,632
18 years$15,812$13,085$10,762$8,805$7,170$5,815
19 years$14,823$12,127$9,852$7,956$6,391$5,110
20 years$13,935$11,269$9,042$7,206$5,708$4,500
21 years$13,132$10,496$8,317$6,540$5,108$3,968
22 years$12,402$9,798$7,665$5,946$4,579$3,505
23 years$11,738$9,164$7,078$5,415$4,110$3,099
24 years$11,129$8,586$6,546$4,939$3,694$2,744
25 years$10,570$8,057$6,062$4,510$3,324$2,431
26 years$10,055$7,573$5,623$4,124$2,994$2,157
27 years$9,579$7,127$5,221$3,775$2,700$1,914
28 years$9,138$6,716$4,854$3,459$2,436$1,700
29 years$8,728$6,335$4,517$3,172$2,200$1,511
30 years$8,346$5,983$4,207$2,911$1,988$1,343
31 years$7,989$5,656$3,922$2,673$1,797$1,195
32 years$7,655$5,352$3,660$2,457$1,625$1,063
33 years$7,342$5,068$3,417$2,259$1,471$947
34 years$7,049$4,803$3,193$2,079$1,332$843
35 years$6,772$4,556$2,985$1,914$1,206$751
36 years$6,512$4,324$2,792$1,762$1,093$669
37 years$6,266$4,107$2,614$1,624$991$596
38 years$6,034$3,903$2,447$1,497$898$532
39 years$5,814$3,712$2,293$1,380$814$474
40 years$5,605$3,531$2,149$1,273$739$423
41 years$5,408$3,361$2,015$1,174$670$377
42 years$5,220$3,201$1,890$1,084$608$336
43 years$5,041$3,050$1,774$1,000$552$300
44 years$4,871$2,907$1,665$924$501$268
45 years$4,709$2,773$1,563$853$455$239
46 years$4,555$2,645$1,468$788$413$213
47 years$4,408$2,524$1,380$728$375$190
48 years$4,267$2,410$1,296$673$341$170
49 years$4,132$2,301$1,219$622$309$151
50 years$4,003$2,198$1,146$575$281$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,100,000, adding $5,541 every year, while hoping to spend $36,348 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: 52/43/5 Blend
70$4,100,000$4,100,000$4,100,000$4,100,000
71$4,523,916$4,306,616$4,243,066$4,753,797
72$4,946,681$4,478,966$4,346,534$5,082,511
73$5,411,350$4,658,543$4,452,251$5,435,342
74$5,922,159$4,845,663$4,560,253$5,818,137
75$6,483,774$5,040,655$4,670,576$6,233,719
76$7,101,337$5,243,865$4,783,258$6,685,193
77$7,780,512$5,455,653$4,898,336$7,175,970
78$8,527,541$5,676,397$5,015,847$7,709,799
79$9,349,299$5,906,489$5,135,826$8,290,798
80$10,253,363$6,146,342$5,258,312$8,923,497
81$11,248,080$6,396,387$5,383,339$9,612,876
82$12,342,647$6,657,073$5,510,945$10,364,411
83$13,547,200$6,928,872$5,641,164$11,184,123
84$14,872,903$7,212,276$5,774,031$12,078,635
85$16,332,060$7,507,798$5,909,583$13,055,230
86$17,938,228$7,815,979$6,047,852$14,121,923
87$19,706,345$8,137,379$6,188,872$15,287,529
88$21,652,870$8,472,588$6,332,677$16,561,746
89$23,795,940$8,822,222$6,479,299$17,955,248
90$26,155,538$9,186,923$6,628,768$19,479,779
91$28,753,687$9,567,366$6,781,115$21,148,262
92$31,614,650$9,964,255$6,936,370$22,974,922
93$34,765,167$10,378,326$7,094,561$24,975,416
94$38,234,700$10,810,350$7,255,714$27,166,974
95$42,055,715$11,261,132$7,419,857$29,568,568
96$46,263,987$11,731,517$7,587,011$32,201,079
97$50,898,939$12,222,387$7,757,201$35,087,497
98$56,004,010$12,734,663$7,930,447$38,253,133
99$61,627,071$13,269,313$8,106,768$41,725,854
100$67,820,869$13,827,346$8,286,182$45,536,345