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%18%
1 years$355,090$351,927$348,841$345,829$342,888$331,779
2 years$175,787$172,513$169,340$166,264$163,280$152,192
3 years$116,027$112,739$109,574$106,527$103,592$92,873
4 years$86,153$82,875$79,742$76,747$73,882$63,615
5 years$68,234$64,975$61,883$58,949$56,164$46,375
6 years$56,291$53,057$50,011$47,142$44,441$35,139
7 years$47,764$44,557$41,559$38,758$36,142$27,326
8 years$41,371$38,194$35,245$32,513$29,984$21,647
9 years$36,402$33,255$30,357$27,694$25,250$17,384
10 years$32,429$29,312$26,466$23,872$21,515$14,105
11 years$29,181$26,095$23,300$20,776$18,503$11,538
12 years$26,475$23,422$20,678$18,223$16,035$9,498
13 years$24,188$21,166$18,475$16,089$13,982$7,859
14 years$22,229$19,239$16,600$14,282$12,257$6,529
15 years$20,533$17,576$14,987$12,737$10,792$5,442
16 years$19,051$16,125$13,588$11,404$9,538$4,549
17 years$17,744$14,851$12,365$10,247$8,457$3,811
18 years$16,583$13,723$11,287$9,234$7,520$3,198
19 years$15,546$12,718$10,333$8,344$6,702$2,688
20 years$14,614$11,818$9,483$7,557$5,987$2,263
21 years$13,772$11,008$8,723$6,859$5,357$1,907
22 years$13,007$10,276$8,039$6,236$4,802$1,608
23 years$12,310$9,611$7,423$5,679$4,311$1,357
24 years$11,672$9,005$6,865$5,180$3,875$1,146
25 years$11,086$8,450$6,358$4,731$3,487$968
26 years$10,546$7,942$5,897$4,325$3,141$819
27 years$10,047$7,474$5,476$3,959$2,831$692
28 years$9,584$7,043$5,090$3,627$2,555$586
29 years$9,154$6,644$4,737$3,326$2,307$496
30 years$8,753$6,275$4,412$3,053$2,085$419
31 years$8,379$5,932$4,114$2,804$1,885$355
32 years$8,029$5,613$3,838$2,577$1,705$301
33 years$7,701$5,315$3,584$2,369$1,543$255
34 years$7,393$5,038$3,348$2,180$1,397$216
35 years$7,103$4,778$3,130$2,007$1,265$183
36 years$6,829$4,535$2,928$1,848$1,146$155
37 years$6,572$4,307$2,741$1,703$1,039$131
38 years$6,328$4,094$2,567$1,570$942$111
39 years$6,097$3,893$2,405$1,447$854$94
40 years$5,879$3,704$2,254$1,335$775$80
41 years$5,671$3,525$2,114$1,232$703$68
42 years$5,475$3,357$1,983$1,137$638$57
43 years$5,287$3,199$1,860$1,049$579$48
44 years$5,109$3,049$1,746$969$525$41
45 years$4,939$2,908$1,640$895$477$35
46 years$4,777$2,774$1,540$826$433$29
47 years$4,623$2,647$1,447$764$393$25
48 years$4,475$2,527$1,360$706$357$21
49 years$4,334$2,413$1,278$652$324$18
50 years$4,198$2,305$1,202$603$295$15

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 $4,036 every year, while hoping to spend $28,700 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: 37/49/14 Blend
70$4,300,000$4,300,000$4,300,000$4,300,000
71$4,742,763$4,514,863$4,448,213$4,897,834
72$5,195,988$4,705,555$4,566,692$5,200,098
73$5,694,481$4,904,629$4,688,177$5,523,321
74$6,242,827$5,112,465$4,812,741$5,871,822
75$6,846,081$5,329,461$4,940,453$6,247,878
76$7,509,812$5,556,035$5,071,389$6,653,984
77$8,240,154$5,792,622$5,205,621$7,092,876
78$9,043,867$6,039,678$5,343,228$7,567,557
79$9,928,401$6,297,682$5,484,285$8,081,320
80$10,901,962$6,567,133$5,628,873$8,637,780
81$11,973,594$6,848,554$5,777,072$9,240,905
82$13,153,260$7,142,493$5,928,963$9,895,051
83$14,451,941$7,449,523$6,084,632$10,605,003
84$15,881,734$7,770,245$6,244,162$11,376,013
85$17,455,971$8,105,286$6,407,641$12,213,854
86$19,189,340$8,455,305$6,575,157$13,124,864
87$21,098,027$8,820,990$6,746,800$14,116,012
88$23,199,870$9,203,062$6,922,661$15,194,953
89$25,514,520$9,602,276$7,102,834$16,370,102
90$28,063,635$10,019,421$7,287,412$17,650,710
91$30,871,078$10,455,325$7,476,493$19,046,946
92$33,963,147$10,910,855$7,670,175$20,569,992
93$37,368,818$11,386,917$7,868,556$22,232,144
94$41,120,022$11,884,461$8,071,737$24,046,923
95$45,251,947$12,404,482$8,279,823$26,029,204
96$49,803,364$12,948,020$8,492,916$28,195,347
97$54,817,002$13,516,168$8,711,123$30,563,347
98$60,339,942$14,110,066$8,934,551$33,153,007
99$66,424,067$14,730,910$9,163,310$35,986,111
100$73,126,551$15,379,953$9,397,510$39,086,630