Can I retire at age 71 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$346,832$343,743$340,729$337,787$334,914$323,031
2 years$171,699$168,501$165,402$162,397$159,483$147,638
3 years$113,329$110,117$107,026$104,050$101,182$89,747
4 years$84,150$80,948$77,888$74,962$72,164$61,226
5 years$66,647$63,464$60,444$57,578$54,858$44,446
6 years$54,982$51,823$48,848$46,046$43,407$33,529
7 years$46,653$43,521$40,593$37,857$35,302$25,956
8 years$40,409$37,306$34,426$31,757$29,286$20,464
9 years$35,556$32,481$29,651$27,050$24,663$16,354
10 years$31,675$28,631$25,850$23,317$21,014$13,203
11 years$28,502$25,488$22,758$20,293$18,073$10,744
12 years$25,860$22,877$20,197$17,800$15,662$8,797
13 years$23,626$20,674$18,045$15,714$13,657$7,239
14 years$21,712$18,792$16,214$13,950$11,972$5,981
15 years$20,056$17,167$14,639$12,441$10,541$4,957
16 years$18,608$15,750$13,272$11,139$9,316$4,119
17 years$17,331$14,505$12,077$10,008$8,260$3,431
18 years$16,198$13,404$11,025$9,020$7,345$2,862
19 years$15,185$12,422$10,093$8,150$6,547$2,391
20 years$14,274$11,543$9,263$7,381$5,847$2,001
21 years$13,452$10,752$8,520$6,699$5,233$1,675
22 years$12,705$10,037$7,852$6,091$4,690$1,404
23 years$12,024$9,387$7,250$5,547$4,210$1,178
24 years$11,401$8,795$6,705$5,059$3,784$988
25 years$10,828$8,254$6,210$4,621$3,405$830
26 years$10,301$7,757$5,760$4,225$3,067$697
27 years$9,813$7,301$5,348$3,867$2,766$585
28 years$9,361$6,879$4,972$3,543$2,495$492
29 years$8,941$6,490$4,627$3,249$2,253$414
30 years$8,549$6,129$4,310$2,982$2,036$348
31 years$8,184$5,794$4,018$2,739$1,841$293
32 years$7,842$5,482$3,749$2,517$1,665$246
33 years$7,522$5,192$3,500$2,314$1,507$207
34 years$7,221$4,921$3,270$2,129$1,364$174
35 years$6,937$4,667$3,058$1,960$1,236$147
36 years$6,671$4,430$2,860$1,805$1,120$123
37 years$6,419$4,207$2,677$1,663$1,015$104
38 years$6,181$3,998$2,507$1,533$920$87
39 years$5,956$3,802$2,349$1,414$834$73
40 years$5,742$3,617$2,202$1,304$757$62
41 years$5,540$3,443$2,064$1,203$687$52
42 years$5,347$3,279$1,937$1,110$623$44
43 years$5,164$3,125$1,817$1,025$565$37
44 years$4,990$2,978$1,706$946$513$31
45 years$4,824$2,840$1,602$874$466$26
46 years$4,666$2,709$1,504$807$423$22
47 years$4,515$2,586$1,413$746$384$18
48 years$4,371$2,468$1,328$689$349$16
49 years$4,233$2,357$1,248$637$317$13
50 years$4,101$2,252$1,174$589$288$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,200,000, adding $4,037 every year, while hoping to spend $37,124 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: 84/11/5 Blend
70$4,200,000$4,200,000$4,200,000$4,200,000
71$4,632,564$4,409,964$4,344,864$5,021,272
72$5,065,586$4,586,553$4,450,917$5,452,019
73$5,541,532$4,770,550$4,559,279$5,919,539
74$6,064,741$4,962,280$4,669,988$6,431,826
75$6,639,993$5,162,080$4,783,081$6,993,348
76$7,272,556$5,370,305$4,898,598$7,609,021
77$7,968,231$5,587,325$5,016,575$8,284,263
78$8,733,413$5,813,526$5,137,052$9,025,038
79$9,575,144$6,049,311$5,260,067$9,837,915
80$10,501,185$6,295,105$5,385,656$10,730,128
81$11,520,089$6,551,347$5,513,858$11,709,647
82$12,641,275$6,818,501$5,644,710$12,785,249
83$13,875,126$7,097,048$5,778,249$13,966,599
84$15,233,080$7,387,495$5,914,511$15,264,348
85$16,727,740$7,690,368$6,053,532$16,690,225
86$18,372,993$8,006,219$6,195,349$18,257,150
87$20,184,141$8,335,626$6,339,996$19,979,356
88$22,178,045$8,679,194$6,487,508$21,872,524
89$24,373,283$9,037,552$6,637,917$23,953,925
90$26,790,328$9,411,362$6,791,257$26,242,588
91$29,451,737$9,801,314$6,947,559$28,759,476
92$32,382,366$10,208,131$7,106,855$31,527,684
93$35,609,606$10,632,568$7,269,173$34,572,653
94$39,163,638$11,075,416$7,434,543$37,922,417
95$43,077,720$11,537,502$7,602,991$41,607,857
96$47,388,499$12,019,691$7,774,542$45,662,999
97$52,136,358$12,522,888$7,949,222$50,125,331
98$57,365,797$13,048,040$8,127,051$55,036,155
99$63,125,852$13,596,138$8,308,051$60,440,979
100$69,470,559$14,168,218$8,492,240$66,389,944