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

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 $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%20%
1 years$338,574$335,558$332,616$329,744$326,940$313,844
2 years$167,611$164,489$161,464$158,531$155,686$142,656
3 years$110,631$107,496$104,478$101,572$98,773$86,221
4 years$82,146$79,021$76,033$73,177$70,446$58,466
5 years$65,060$61,953$59,005$56,207$53,552$42,174
6 years$53,673$50,589$47,685$44,949$42,374$31,606
7 years$45,542$42,485$39,626$36,955$34,461$24,299
8 years$39,447$36,417$33,606$31,001$28,589$19,022
9 years$34,709$31,708$28,945$26,406$24,076$15,089
10 years$30,921$27,949$25,235$22,762$20,514$12,090
11 years$27,823$24,881$22,216$19,810$17,643$9,762
12 years$25,244$22,332$19,716$17,376$15,289$7,929
13 years$23,063$20,182$17,615$15,340$13,332$6,471
14 years$21,195$18,345$15,827$13,617$11,687$5,302
15 years$19,578$16,758$14,290$12,144$10,290$4,357
16 years$18,165$15,375$12,956$10,874$9,094$3,589
17 years$16,918$14,160$11,790$9,770$8,064$2,963
18 years$15,812$13,085$10,762$8,805$7,170$2,450
19 years$14,823$12,127$9,852$7,956$6,391$2,028
20 years$13,935$11,269$9,042$7,206$5,708$1,681
21 years$13,132$10,496$8,317$6,540$5,108$1,395
22 years$12,402$9,798$7,665$5,946$4,579$1,158
23 years$11,738$9,164$7,078$5,415$4,110$962
24 years$11,129$8,586$6,546$4,939$3,694$800
25 years$10,570$8,057$6,062$4,510$3,324$665
26 years$10,055$7,573$5,623$4,124$2,994$553
27 years$9,579$7,127$5,221$3,775$2,700$460
28 years$9,138$6,716$4,854$3,459$2,436$383
29 years$8,728$6,335$4,517$3,172$2,200$319
30 years$8,346$5,983$4,207$2,911$1,988$266
31 years$7,989$5,656$3,922$2,673$1,797$221
32 years$7,655$5,352$3,660$2,457$1,625$184
33 years$7,342$5,068$3,417$2,259$1,471$153
34 years$7,049$4,803$3,193$2,079$1,332$128
35 years$6,772$4,556$2,985$1,914$1,206$106
36 years$6,512$4,324$2,792$1,762$1,093$89
37 years$6,266$4,107$2,614$1,624$991$74
38 years$6,034$3,903$2,447$1,497$898$62
39 years$5,814$3,712$2,293$1,380$814$51
40 years$5,605$3,531$2,149$1,273$739$43
41 years$5,408$3,361$2,015$1,174$670$36
42 years$5,220$3,201$1,890$1,084$608$30
43 years$5,041$3,050$1,774$1,000$552$25
44 years$4,871$2,907$1,665$924$501$21
45 years$4,709$2,773$1,563$853$455$17
46 years$4,555$2,645$1,468$788$413$14
47 years$4,408$2,524$1,380$728$375$12
48 years$4,267$2,410$1,296$673$341$10
49 years$4,132$2,301$1,219$622$309$8
50 years$4,003$2,198$1,146$575$281$7

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 $2,134 every year, while hoping to spend $24,713 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: 56/31/13 Blend
70$4,100,000$4,100,000$4,100,000$4,100,000
71$4,520,401$4,303,101$4,239,551$4,758,392
72$4,955,188$4,487,659$4,355,282$5,104,457
73$5,433,494$4,680,431$4,474,061$5,478,339
74$5,959,733$4,881,795$4,595,965$5,885,017
75$6,538,768$5,092,145$4,721,071$6,327,631
76$7,175,955$5,311,893$4,849,460$6,809,631
77$7,877,197$5,541,470$4,981,212$7,334,811
78$8,648,999$5,781,330$5,116,410$7,907,344
79$9,498,527$6,031,945$5,255,140$8,531,818
80$10,433,678$6,293,812$5,397,488$9,213,279
81$11,463,152$6,567,448$5,543,543$9,957,276
82$12,596,538$6,853,397$5,693,396$10,769,917
83$13,844,400$7,152,229$5,847,140$11,657,917
84$15,218,379$7,464,538$6,004,869$12,628,668
85$16,731,302$7,790,948$6,166,681$13,690,301
86$18,397,303$8,132,114$6,332,673$14,851,764
87$20,231,958$8,488,717$6,502,948$16,122,905
88$22,252,429$8,861,476$6,677,608$17,514,563
89$24,477,628$9,251,139$6,856,758$19,038,666
90$26,928,393$9,658,492$7,040,507$20,708,345
91$29,627,689$10,084,358$7,228,964$22,538,053
92$32,600,820$10,529,598$7,422,241$24,543,702
93$35,875,670$10,995,115$7,620,453$26,742,807
94$39,482,967$11,481,854$7,823,716$29,154,656
95$43,456,568$11,990,804$8,032,150$31,800,480
96$47,833,787$12,523,002$8,245,876$34,703,660
97$52,655,739$13,079,535$8,465,018$37,889,938
98$57,967,732$13,661,539$8,689,703$41,387,662
99$63,819,692$14,270,206$8,920,060$45,228,049
100$70,266,639$14,906,784$9,156,220$49,445,473