Can I retire at age 71 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$363,348$360,111$356,954$353,872$350,862$346,622
2 years$179,875$176,525$173,278$170,131$167,077$162,810
3 years$118,726$115,361$112,123$109,004$106,001$101,838
4 years$88,157$84,803$81,597$78,531$75,601$71,576
5 years$69,820$66,486$63,322$60,320$57,470$53,595
6 years$57,600$54,291$51,174$48,238$45,474$41,753
7 years$48,875$45,594$42,526$39,659$36,983$33,417
8 years$42,334$39,082$36,065$33,269$30,681$27,270
9 years$37,249$34,028$31,063$28,338$25,838$22,581
10 years$33,183$29,994$27,081$24,428$22,015$18,909
11 years$29,859$26,702$23,842$21,259$18,934$15,977
12 years$27,091$23,966$21,159$18,647$16,407$13,596
13 years$24,751$21,658$18,904$16,463$14,308$11,638
14 years$22,746$19,687$16,986$14,614$12,542$10,011
15 years$21,011$17,984$15,336$13,033$11,043$8,646
16 years$19,494$16,500$13,904$11,670$9,760$7,492
17 years$18,156$15,196$12,652$10,485$8,654$6,512
18 years$16,969$14,042$11,550$9,449$7,694$5,673
19 years$15,908$13,014$10,573$8,538$6,858$4,953
20 years$14,954$12,093$9,704$7,733$6,126$4,332
21 years$14,092$11,264$8,925$7,018$5,482$3,795
22 years$13,310$10,515$8,226$6,381$4,914$3,329
23 years$12,597$9,834$7,595$5,811$4,411$2,924
24 years$11,944$9,214$7,024$5,300$3,965$2,571
25 years$11,344$8,647$6,506$4,841$3,568$2,262
26 years$10,791$8,127$6,034$4,426$3,214$1,992
27 years$10,280$7,648$5,603$4,051$2,897$1,756
28 years$9,807$7,207$5,209$3,712$2,614$1,548
29 years$9,367$6,799$4,847$3,404$2,361$1,366
30 years$8,956$6,421$4,515$3,124$2,133$1,206
31 years$8,574$6,070$4,209$2,869$1,928$1,065
32 years$8,216$5,743$3,927$2,637$1,744$940
33 years$7,880$5,439$3,667$2,425$1,579$831
34 years$7,564$5,155$3,426$2,231$1,429$734
35 years$7,268$4,889$3,203$2,054$1,295$649
36 years$6,988$4,641$2,997$1,891$1,173$574
37 years$6,724$4,408$2,805$1,743$1,063$508
38 years$6,475$4,189$2,627$1,606$964$449
39 years$6,239$3,983$2,461$1,481$874$397
40 years$6,015$3,790$2,306$1,366$793$352
41 years$5,803$3,607$2,163$1,260$719$311
42 years$5,602$3,436$2,029$1,163$653$275
43 years$5,410$3,273$1,904$1,074$592$244
44 years$5,228$3,120$1,787$991$538$216
45 years$5,054$2,975$1,678$916$488$191
46 years$4,888$2,838$1,576$846$443$169
47 years$4,730$2,709$1,481$781$402$150
48 years$4,579$2,586$1,391$722$365$133
49 years$4,434$2,469$1,308$667$332$117
50 years$4,296$2,359$1,229$617$301$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,400,000, adding $4,642 every year, while hoping to spend $53,342 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: 43/27/30 Blend
70$4,400,000$4,400,000$4,400,000$4,400,000
71$4,853,588$4,620,388$4,552,188$5,019,638
72$5,291,899$4,790,032$4,647,931$5,309,201
73$5,773,129$4,966,200$4,745,093$5,617,379
74$6,301,601$5,149,156$4,843,667$5,950,305
75$6,882,075$5,339,176$4,943,640$6,310,312
76$7,519,795$5,536,543$5,045,000$6,699,961
77$8,220,538$5,741,558$5,147,732$7,122,070
78$8,990,670$5,954,531$5,251,818$7,579,737
79$9,837,201$6,175,787$5,357,237$8,076,370
80$10,767,857$6,405,662$5,463,966$8,615,719
81$11,791,150$6,644,510$5,571,980$9,201,909
82$12,916,454$6,892,699$5,681,248$9,839,477
83$14,154,102$7,150,610$5,791,740$10,533,419
84$15,515,475$7,418,645$5,903,418$11,289,229
85$17,013,114$7,697,220$6,016,243$12,112,957
86$18,660,837$7,986,769$6,130,173$13,011,259
87$20,473,868$8,287,746$6,245,159$13,991,465
88$22,468,981$8,600,624$6,361,150$15,061,640
89$24,664,660$8,925,897$6,478,091$16,230,665
90$27,081,268$9,264,079$6,595,920$17,508,319
91$29,741,246$9,615,707$6,714,572$18,905,366
92$32,669,319$9,981,343$6,833,976$20,433,659
93$35,892,732$10,361,570$6,954,056$22,106,251
94$39,441,503$10,757,000$7,074,730$23,937,515
95$43,348,712$11,168,269$7,195,909$25,943,277
96$47,650,808$11,596,041$7,317,499$28,140,970
97$52,387,954$12,041,011$7,439,399$30,549,791
98$57,604,407$12,503,902$7,561,501$33,190,882
99$63,348,934$12,985,471$7,683,688$36,087,532
100$69,675,272$13,486,506$7,805,839$39,265,389