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%17.6%
1 years$363,348$360,111$356,954$353,872$350,862$340,039
2 years$179,875$176,525$173,278$170,131$167,077$156,268
3 years$118,726$115,361$112,123$109,004$106,001$95,544
4 years$88,157$84,803$81,597$78,531$75,601$65,577
5 years$69,820$66,486$63,322$60,320$57,470$47,907
6 years$57,600$54,291$51,174$48,238$45,474$36,379
7 years$48,875$45,594$42,526$39,659$36,983$28,355
8 years$42,334$39,082$36,065$33,269$30,681$22,515
9 years$37,249$34,028$31,063$28,338$25,838$18,125
10 years$33,183$29,994$27,081$24,428$22,015$14,744
11 years$29,859$26,702$23,842$21,259$18,934$12,092
12 years$27,091$23,966$21,159$18,647$16,407$9,980
13 years$24,751$21,658$18,904$16,463$14,308$8,280
14 years$22,746$19,687$16,986$14,614$12,542$6,898
15 years$21,011$17,984$15,336$13,033$11,043$5,766
16 years$19,494$16,500$13,904$11,670$9,760$4,833
17 years$18,156$15,196$12,652$10,485$8,654$4,061
18 years$16,969$14,042$11,550$9,449$7,694$3,418
19 years$15,908$13,014$10,573$8,538$6,858$2,882
20 years$14,954$12,093$9,704$7,733$6,126$2,433
21 years$14,092$11,264$8,925$7,018$5,482$2,057
22 years$13,310$10,515$8,226$6,381$4,914$1,740
23 years$12,597$9,834$7,595$5,811$4,411$1,473
24 years$11,944$9,214$7,024$5,300$3,965$1,248
25 years$11,344$8,647$6,506$4,841$3,568$1,058
26 years$10,791$8,127$6,034$4,426$3,214$897
27 years$10,280$7,648$5,603$4,051$2,897$761
28 years$9,807$7,207$5,209$3,712$2,614$646
29 years$9,367$6,799$4,847$3,404$2,361$549
30 years$8,956$6,421$4,515$3,124$2,133$466
31 years$8,574$6,070$4,209$2,869$1,928$396
32 years$8,216$5,743$3,927$2,637$1,744$336
33 years$7,880$5,439$3,667$2,425$1,579$286
34 years$7,564$5,155$3,426$2,231$1,429$243
35 years$7,268$4,889$3,203$2,054$1,295$206
36 years$6,988$4,641$2,997$1,891$1,173$175
37 years$6,724$4,408$2,805$1,743$1,063$149
38 years$6,475$4,189$2,627$1,606$964$127
39 years$6,239$3,983$2,461$1,481$874$108
40 years$6,015$3,790$2,306$1,366$793$91
41 years$5,803$3,607$2,163$1,260$719$78
42 years$5,602$3,436$2,029$1,163$653$66
43 years$5,410$3,273$1,904$1,074$592$56
44 years$5,228$3,120$1,787$991$538$48
45 years$5,054$2,975$1,678$916$488$41
46 years$4,888$2,838$1,576$846$443$35
47 years$4,730$2,709$1,481$781$402$29
48 years$4,579$2,586$1,391$722$365$25
49 years$4,434$2,469$1,308$667$332$21
50 years$4,296$2,359$1,229$617$301$18

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 $5,720 every year, while hoping to spend $55,166 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: 56/18/26 Blend
70$4,400,000$4,400,000$4,400,000$4,400,000
71$4,854,700$4,621,500$4,553,300$5,091,641
72$5,291,183$4,789,257$4,647,140$5,422,717
73$5,770,339$4,963,386$4,742,274$5,776,994
74$6,296,461$5,144,140$4,838,687$6,161,854
75$6,874,281$5,331,783$4,936,364$6,580,263
76$7,509,009$5,526,591$5,035,283$7,035,482
77$8,206,386$5,728,853$5,135,423$7,531,103
78$8,972,736$5,938,865$5,236,759$8,071,079
79$9,815,027$6,156,942$5,339,263$8,659,761
80$10,740,934$6,383,407$5,442,903$9,301,938
81$11,758,915$6,618,599$5,547,645$10,002,886
82$12,878,285$6,862,871$5,653,452$10,768,409
83$14,109,310$7,116,591$5,760,282$11,604,901
84$15,463,298$7,380,143$5,868,091$12,519,401
85$16,952,711$7,653,927$5,976,828$13,519,663
86$18,591,277$7,938,358$6,086,441$14,614,222
87$20,394,123$8,233,873$6,196,872$15,812,480
88$22,377,914$8,540,924$6,308,058$17,124,791
89$24,561,016$8,859,983$6,419,932$18,562,560
90$26,963,661$9,191,544$6,532,422$20,138,346
91$29,608,144$9,536,120$6,645,448$21,865,985
92$32,519,032$9,894,247$6,758,928$23,760,716
93$35,723,393$10,266,485$6,872,771$25,839,324
94$39,251,052$10,653,415$6,986,882$28,120,301
95$43,134,874$11,055,648$7,101,158$30,624,015
96$47,411,074$11,473,816$7,215,488$33,372,905
97$52,119,553$11,908,583$7,329,757$36,391,690
98$57,304,282$12,360,639$7,443,839$39,707,602
99$63,013,713$12,830,704$7,557,601$43,350,642
100$69,301,234$13,319,531$7,670,903$47,353,862