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

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$363,348$360,111$356,954$353,872$350,862$336,808
2 years$179,875$176,525$173,278$170,131$167,077$153,095
3 years$118,726$115,361$112,123$109,004$106,001$92,530
4 years$88,157$84,803$81,597$78,531$75,601$62,744
5 years$69,820$66,486$63,322$60,320$57,470$45,260
6 years$57,600$54,291$51,174$48,238$45,474$33,919
7 years$48,875$45,594$42,526$39,659$36,983$26,077
8 years$42,334$39,082$36,065$33,269$30,681$20,414
9 years$37,249$34,028$31,063$28,338$25,838$16,194
10 years$33,183$29,994$27,081$24,428$22,015$12,975
11 years$29,859$26,702$23,842$21,259$18,934$10,476
12 years$27,091$23,966$21,159$18,647$16,407$8,509
13 years$24,751$21,658$18,904$16,463$14,308$6,945
14 years$22,746$19,687$16,986$14,614$12,542$5,690
15 years$21,011$17,984$15,336$13,033$11,043$4,676
16 years$19,494$16,500$13,904$11,670$9,760$3,852
17 years$18,156$15,196$12,652$10,485$8,654$3,180
18 years$16,969$14,042$11,550$9,449$7,694$2,629
19 years$15,908$13,014$10,573$8,538$6,858$2,177
20 years$14,954$12,093$9,704$7,733$6,126$1,804
21 years$14,092$11,264$8,925$7,018$5,482$1,497
22 years$13,310$10,515$8,226$6,381$4,914$1,243
23 years$12,597$9,834$7,595$5,811$4,411$1,032
24 years$11,944$9,214$7,024$5,300$3,965$858
25 years$11,344$8,647$6,506$4,841$3,568$714
26 years$10,791$8,127$6,034$4,426$3,214$594
27 years$10,280$7,648$5,603$4,051$2,897$494
28 years$9,807$7,207$5,209$3,712$2,614$411
29 years$9,367$6,799$4,847$3,404$2,361$342
30 years$8,956$6,421$4,515$3,124$2,133$285
31 years$8,574$6,070$4,209$2,869$1,928$237
32 years$8,216$5,743$3,927$2,637$1,744$198
33 years$7,880$5,439$3,667$2,425$1,579$165
34 years$7,564$5,155$3,426$2,231$1,429$137
35 years$7,268$4,889$3,203$2,054$1,295$114
36 years$6,988$4,641$2,997$1,891$1,173$95
37 years$6,724$4,408$2,805$1,743$1,063$79
38 years$6,475$4,189$2,627$1,606$964$66
39 years$6,239$3,983$2,461$1,481$874$55
40 years$6,015$3,790$2,306$1,366$793$46
41 years$5,803$3,607$2,163$1,260$719$38
42 years$5,602$3,436$2,029$1,163$653$32
43 years$5,410$3,273$1,904$1,074$592$27
44 years$5,228$3,120$1,787$991$538$22
45 years$5,054$2,975$1,678$916$488$18
46 years$4,888$2,838$1,576$846$443$15
47 years$4,730$2,709$1,481$781$402$13
48 years$4,579$2,586$1,391$722$365$11
49 years$4,434$2,469$1,308$667$332$9
50 years$4,296$2,359$1,229$617$301$7

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 $6,646 every year, while hoping to spend $49,907 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: 31/42/27 Blend
70$4,400,000$4,400,000$4,400,000$4,400,000
71$4,855,655$4,622,455$4,554,255$4,965,773
72$5,297,832$4,795,855$4,653,722$5,224,653
73$5,783,437$4,976,079$4,754,849$5,498,270
74$6,316,849$5,163,408$4,857,637$5,791,816
75$6,902,889$5,358,136$4,962,090$6,107,068
76$7,546,870$5,560,571$5,068,206$6,445,977
77$8,254,643$5,771,031$5,175,983$6,810,682
78$9,032,655$5,989,851$5,285,417$7,203,530
79$9,888,010$6,217,377$5,396,503$7,627,102
80$10,828,533$6,453,975$5,509,232$8,084,227
81$11,862,846$6,700,022$5,623,593$8,578,016
82$13,000,447$6,955,914$5,739,575$9,111,884
83$14,251,803$7,222,064$5,857,161$9,689,584
84$15,628,444$7,498,903$5,976,333$10,315,240
85$17,143,076$7,786,879$6,097,071$10,993,385
86$18,809,697$8,086,464$6,219,350$11,729,002
87$20,643,731$8,398,146$6,343,143$12,527,568
88$22,662,174$8,722,437$6,468,420$13,395,105
89$24,883,750$9,059,870$6,595,147$14,338,237
90$27,329,093$9,411,004$6,723,284$15,364,247
91$30,020,937$9,776,421$6,852,792$16,481,148
92$32,984,335$10,156,727$6,983,622$17,697,751
93$36,246,889$10,552,559$7,115,725$19,023,754
94$39,839,015$10,964,577$7,249,045$20,469,822
95$43,794,229$11,393,476$7,383,523$22,047,694
96$48,149,461$11,839,977$7,519,091$23,770,286
97$52,945,405$12,304,835$7,655,680$25,651,815
98$58,226,904$12,788,840$7,793,213$27,707,923
99$64,043,370$13,292,814$7,931,607$29,955,833
100$70,449,250$13,817,619$8,070,773$32,414,499