Can I retire at age 71 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$355,090$351,927$348,841$345,829$342,888$339,590
2 years$175,787$172,513$169,340$166,264$163,280$159,958
3 years$116,027$112,739$109,574$106,527$103,592$100,348
4 years$86,153$82,875$79,742$76,747$73,882$70,742
5 years$68,234$64,975$61,883$58,949$56,164$53,137
6 years$56,291$53,057$50,011$47,142$44,441$41,530
7 years$47,764$44,557$41,559$38,758$36,142$33,350
8 years$41,371$38,194$35,245$32,513$29,984$27,309
9 years$36,402$33,255$30,357$27,694$25,250$22,693
10 years$32,429$29,312$26,466$23,872$21,515$19,072
11 years$29,181$26,095$23,300$20,776$18,503$16,175
12 years$26,475$23,422$20,678$18,223$16,035$13,817
13 years$24,188$21,166$18,475$16,089$13,982$11,873
14 years$22,229$19,239$16,600$14,282$12,257$10,254
15 years$20,533$17,576$14,987$12,737$10,792$8,892
16 years$19,051$16,125$13,588$11,404$9,538$7,737
17 years$17,744$14,851$12,365$10,247$8,457$6,753
18 years$16,583$13,723$11,287$9,234$7,520$5,909
19 years$15,546$12,718$10,333$8,344$6,702$5,181
20 years$14,614$11,818$9,483$7,557$5,987$4,552
21 years$13,772$11,008$8,723$6,859$5,357$4,005
22 years$13,007$10,276$8,039$6,236$4,802$3,530
23 years$12,310$9,611$7,423$5,679$4,311$3,114
24 years$11,672$9,005$6,865$5,180$3,875$2,751
25 years$11,086$8,450$6,358$4,731$3,487$2,432
26 years$10,546$7,942$5,897$4,325$3,141$2,152
27 years$10,047$7,474$5,476$3,959$2,831$1,905
28 years$9,584$7,043$5,090$3,627$2,555$1,688
29 years$9,154$6,644$4,737$3,326$2,307$1,497
30 years$8,753$6,275$4,412$3,053$2,085$1,328
31 years$8,379$5,932$4,114$2,804$1,885$1,178
32 years$8,029$5,613$3,838$2,577$1,705$1,046
33 years$7,701$5,315$3,584$2,369$1,543$929
34 years$7,393$5,038$3,348$2,180$1,397$825
35 years$7,103$4,778$3,130$2,007$1,265$733
36 years$6,829$4,535$2,928$1,848$1,146$651
37 years$6,572$4,307$2,741$1,703$1,039$579
38 years$6,328$4,094$2,567$1,570$942$515
39 years$6,097$3,893$2,405$1,447$854$458
40 years$5,879$3,704$2,254$1,335$775$407
41 years$5,671$3,525$2,114$1,232$703$362
42 years$5,475$3,357$1,983$1,137$638$322
43 years$5,287$3,199$1,860$1,049$579$287
44 years$5,109$3,049$1,746$969$525$255
45 years$4,939$2,908$1,640$895$477$227
46 years$4,777$2,774$1,540$826$433$202
47 years$4,623$2,647$1,447$764$393$180
48 years$4,475$2,527$1,360$706$357$160
49 years$4,334$2,413$1,278$652$324$142
50 years$4,198$2,305$1,202$603$295$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,300,000, adding $4,429 every year, while hoping to spend $44,387 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: 72/18/10 Blend
70$4,300,000$4,300,000$4,300,000$4,300,000
71$4,743,169$4,515,269$4,448,619$5,075,366
72$5,179,744$4,689,289$4,550,420$5,469,577
73$5,659,363$4,870,349$4,654,144$5,895,161
74$6,186,369$5,058,747$4,759,808$6,359,933
75$6,765,546$5,254,793$4,867,429$6,867,751
76$7,402,166$5,458,813$4,977,023$7,422,860
77$8,102,038$5,671,145$5,088,604$8,029,935
78$8,871,559$5,892,145$5,202,185$8,694,120
79$9,717,780$6,122,181$5,317,780$9,421,081
80$10,648,466$6,361,641$5,435,399$10,217,054
81$11,672,176$6,610,928$5,555,051$11,088,906
82$12,798,338$6,870,464$5,676,745$12,044,199
83$14,037,340$7,140,688$5,800,488$13,091,259
84$15,400,627$7,422,060$5,926,283$14,239,255
85$16,900,812$7,715,061$6,054,134$15,498,284
86$18,551,788$8,020,193$6,184,041$16,879,466
87$20,368,868$8,337,980$6,316,004$18,395,049
88$22,368,921$8,668,970$6,450,018$20,058,522
89$24,570,536$9,013,734$6,586,079$21,884,741
90$26,994,196$9,372,872$6,724,177$23,890,070
91$29,662,468$9,747,007$6,864,302$26,092,533
92$32,600,223$10,136,794$7,006,439$28,511,984
93$35,834,863$10,542,913$7,150,571$31,170,293
94$39,396,582$10,966,079$7,296,679$34,091,550
95$43,318,653$11,407,037$7,444,738$37,302,294
96$47,637,740$11,866,566$7,594,721$40,831,759
97$52,394,242$12,345,480$7,746,596$44,712,151
98$57,632,677$12,844,631$7,900,329$48,978,949
99$63,402,100$13,364,908$8,055,881$53,671,241
100$69,756,568$13,907,242$8,213,206$58,832,087