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

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$355,090$351,927$348,841$345,829$342,888$338,603
2 years$175,787$172,513$169,340$166,264$163,280$158,969
3 years$116,027$112,739$109,574$106,527$103,592$99,388
4 years$86,153$82,875$79,742$76,747$73,882$69,818
5 years$68,234$64,975$61,883$58,949$56,164$52,251
6 years$56,291$53,057$50,011$47,142$44,441$40,684
7 years$47,764$44,557$41,559$38,758$36,142$32,543
8 years$41,371$38,194$35,245$32,513$29,984$26,542
9 years$36,402$33,255$30,357$27,694$25,250$21,965
10 years$32,429$29,312$26,466$23,872$21,515$18,383
11 years$29,181$26,095$23,300$20,776$18,503$15,522
12 years$26,475$23,422$20,678$18,223$16,035$13,201
13 years$24,188$21,166$18,475$16,089$13,982$11,293
14 years$22,229$19,239$16,600$14,282$12,257$9,707
15 years$20,533$17,576$14,987$12,737$10,792$8,378
16 years$19,051$16,125$13,588$11,404$9,538$7,255
17 years$17,744$14,851$12,365$10,247$8,457$6,301
18 years$16,583$13,723$11,287$9,234$7,520$5,486
19 years$15,546$12,718$10,333$8,344$6,702$4,786
20 years$14,614$11,818$9,483$7,557$5,987$4,183
21 years$13,772$11,008$8,723$6,859$5,357$3,662
22 years$13,007$10,276$8,039$6,236$4,802$3,210
23 years$12,310$9,611$7,423$5,679$4,311$2,817
24 years$11,672$9,005$6,865$5,180$3,875$2,475
25 years$11,086$8,450$6,358$4,731$3,487$2,176
26 years$10,546$7,942$5,897$4,325$3,141$1,915
27 years$10,047$7,474$5,476$3,959$2,831$1,686
28 years$9,584$7,043$5,090$3,627$2,555$1,485
29 years$9,154$6,644$4,737$3,326$2,307$1,309
30 years$8,753$6,275$4,412$3,053$2,085$1,155
31 years$8,379$5,932$4,114$2,804$1,885$1,019
32 years$8,029$5,613$3,838$2,577$1,705$899
33 years$7,701$5,315$3,584$2,369$1,543$794
34 years$7,393$5,038$3,348$2,180$1,397$701
35 years$7,103$4,778$3,130$2,007$1,265$619
36 years$6,829$4,535$2,928$1,848$1,146$547
37 years$6,572$4,307$2,741$1,703$1,039$484
38 years$6,328$4,094$2,567$1,570$942$427
39 years$6,097$3,893$2,405$1,447$854$378
40 years$5,879$3,704$2,254$1,335$775$334
41 years$5,671$3,525$2,114$1,232$703$295
42 years$5,475$3,357$1,983$1,137$638$261
43 years$5,287$3,199$1,860$1,049$579$231
44 years$5,109$3,049$1,746$969$525$204
45 years$4,939$2,908$1,640$895$477$181
46 years$4,777$2,774$1,540$826$433$160
47 years$4,623$2,647$1,447$764$393$141
48 years$4,475$2,527$1,360$706$357$125
49 years$4,334$2,413$1,278$652$324$111
50 years$4,198$2,305$1,202$603$295$98

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 $6,196 every year, while hoping to spend $34,936 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: 28/44/28 Blend
70$4,300,000$4,300,000$4,300,000$4,300,000
71$4,744,991$4,517,091$4,450,441$4,836,511
72$5,191,809$4,701,257$4,562,359$5,094,364
73$5,683,031$4,893,276$4,676,856$5,367,766
74$6,223,149$5,093,496$4,793,980$5,660,804
75$6,817,114$5,302,281$4,913,782$5,975,188
76$7,470,379$5,520,012$5,036,313$6,312,789
77$8,188,951$5,747,086$5,161,622$6,675,661
78$8,979,450$5,983,919$5,289,763$7,066,052
79$9,849,169$6,230,946$5,420,785$7,486,430
80$10,806,145$6,488,623$5,554,742$7,939,499
81$11,859,232$6,757,426$5,691,686$8,428,226
82$13,018,185$7,037,852$5,831,670$8,955,867
83$14,293,756$7,330,422$5,974,746$9,525,994
84$15,697,787$7,635,681$6,120,969$10,142,529
85$17,243,331$7,954,199$6,270,391$10,809,778
86$18,944,769$8,286,573$6,423,066$11,532,469
87$20,817,945$8,633,424$6,579,049$12,315,795
88$22,880,320$8,995,407$6,738,392$13,165,461
89$25,151,135$9,373,204$6,901,150$14,087,732
90$27,651,589$9,767,530$7,067,377$15,089,498
91$30,405,043$10,179,131$7,237,126$16,178,326
92$33,437,239$10,608,789$7,410,451$17,362,536
93$36,776,541$11,057,324$7,587,405$18,651,273
94$40,454,206$11,525,591$7,768,041$20,054,593
95$44,504,677$12,014,486$7,952,412$21,583,552
96$48,965,906$12,524,948$8,140,570$23,250,309
97$53,879,715$13,057,958$8,332,566$25,068,236
98$59,292,191$13,614,542$8,528,452$27,052,044
99$65,254,117$14,195,777$8,728,277$29,217,912
100$71,821,454$14,802,787$8,932,092$31,583,642