Can I retire at age 71 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$371,606$368,296$365,066$361,914$358,836$355,830
2 years$183,963$180,537$177,217$173,997$170,874$167,844
3 years$121,424$117,983$114,671$111,482$108,410$105,450
4 years$90,160$86,730$83,451$80,316$77,319$74,452
5 years$71,407$67,997$64,761$61,691$58,776$56,011
6 years$58,909$55,525$52,337$49,334$46,508$43,847
7 years$49,985$46,630$43,492$40,561$37,823$35,269
8 years$43,296$39,970$36,885$34,025$31,378$28,930
9 years$38,095$34,801$31,769$28,982$26,425$24,082
10 years$33,937$30,676$27,697$24,983$22,515$20,277
11 years$30,538$27,309$24,384$21,742$19,364$17,228
12 years$27,707$24,511$21,640$19,071$16,780$14,744
13 years$25,313$22,151$19,334$16,837$14,633$12,695
14 years$23,263$20,134$17,372$14,946$12,827$10,985
15 years$21,488$18,393$15,684$13,329$11,294$9,545
16 years$19,937$16,875$14,220$11,935$9,982$8,323
17 years$18,569$15,542$12,940$10,723$8,850$7,279
18 years$17,355$14,361$11,812$9,664$7,869$6,383
19 years$16,270$13,310$10,814$8,732$7,014$5,609
20 years$15,294$12,368$9,924$7,909$6,265$4,938
21 years$14,413$11,520$9,128$7,178$5,607$4,355
22 years$13,612$10,754$8,413$6,526$5,026$3,847
23 years$12,883$10,058$7,768$5,943$4,511$3,402
24 years$12,215$9,424$7,184$5,421$4,055$3,012
25 years$11,602$8,844$6,654$4,951$3,649$2,669
26 years$11,036$8,311$6,171$4,527$3,287$2,367
27 years$10,514$7,822$5,731$4,143$2,963$2,101
28 years$10,030$7,371$5,327$3,796$2,674$1,866
29 years$9,579$6,953$4,957$3,481$2,414$1,658
30 years$9,160$6,567$4,618$3,195$2,181$1,474
31 years$8,769$6,208$4,305$2,934$1,972$1,312
32 years$8,402$5,874$4,017$2,697$1,784$1,167
33 years$8,059$5,563$3,750$2,480$1,615$1,039
34 years$7,736$5,272$3,504$2,282$1,462$925
35 years$7,433$5,000$3,276$2,100$1,324$824
36 years$7,147$4,746$3,065$1,934$1,200$734
37 years$6,877$4,508$2,868$1,782$1,087$655
38 years$6,622$4,284$2,686$1,643$986$583
39 years$6,381$4,074$2,517$1,515$894$520
40 years$6,152$3,876$2,359$1,397$811$464
41 years$5,935$3,689$2,212$1,289$736$414
42 years$5,729$3,514$2,075$1,190$667$369
43 years$5,533$3,348$1,947$1,098$606$329
44 years$5,347$3,191$1,828$1,014$550$294
45 years$5,169$3,043$1,716$936$499$262
46 years$4,999$2,903$1,612$865$453$234
47 years$4,838$2,770$1,514$799$412$209
48 years$4,683$2,645$1,423$738$374$186
49 years$4,535$2,525$1,337$682$339$166
50 years$4,394$2,412$1,257$631$308$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,500,000, adding $4,201 every year, while hoping to spend $24,411 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: 49/30/21 Blend
70$4,500,000$4,500,000$4,500,000$4,500,000
71$4,963,333$4,724,833$4,655,083$5,177,011
72$5,443,620$4,930,377$4,785,056$5,531,423
73$5,972,078$5,145,174$4,918,564$5,913,411
74$6,553,595$5,369,653$5,055,700$6,327,886
75$7,193,556$5,604,260$5,196,561$6,777,917
76$7,897,895$5,849,465$5,341,242$7,266,877
77$8,673,151$6,105,759$5,489,843$7,798,473
78$9,526,527$6,373,656$5,642,468$8,376,780
79$10,465,962$6,653,694$5,799,220$9,006,276
80$11,500,202$6,946,438$5,960,207$9,691,884
81$12,638,887$7,252,478$6,125,538$10,439,020
82$13,892,636$7,572,432$6,295,326$11,253,636
83$15,273,152$7,906,948$6,469,686$12,142,282
84$16,793,330$8,256,705$6,648,737$13,112,158
85$18,467,379$8,622,412$6,832,599$14,171,189
86$20,310,956$9,004,815$7,021,395$15,328,089
87$22,341,316$9,404,693$7,215,254$16,592,449
88$24,577,469$9,822,862$7,414,304$17,974,819
89$27,040,366$10,260,177$7,618,678$19,486,810
90$29,753,092$10,717,535$7,828,513$21,141,199
91$32,741,086$11,195,873$8,043,947$22,952,049
92$36,032,381$11,696,175$8,265,124$24,934,836
93$39,657,867$12,219,471$8,492,188$27,106,597
94$43,651,583$12,766,838$8,725,290$29,486,085
95$48,051,040$13,339,408$8,964,583$32,093,942
96$52,897,571$13,938,365$9,210,221$34,952,895
97$58,236,727$14,564,948$9,462,367$38,087,966
98$64,118,700$15,220,457$9,721,183$41,526,702
99$70,598,801$15,906,254$9,986,837$45,299,435
100$77,737,983$16,623,764$10,259,500$49,439,564