Can I retire at age 71 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$379,864$376,480$373,179$369,957$366,810$356,786
2 years$188,051$184,549$181,155$177,864$174,672$164,645
3 years$124,122$120,605$117,219$113,959$110,819$101,104
4 years$92,164$88,657$85,306$82,101$79,037$69,709
5 years$72,994$69,508$66,201$63,062$60,083$51,167
6 years$60,218$56,759$53,500$50,431$47,541$39,047
7 years$51,096$47,666$44,459$41,462$38,664$30,590
8 years$44,258$40,859$37,704$34,781$32,075$24,419
9 years$38,942$35,575$32,475$29,626$27,012$19,765
10 years$34,692$31,357$28,312$25,538$23,016$16,169
11 years$31,216$27,916$24,926$22,226$19,794$13,337
12 years$28,322$25,056$22,121$19,495$17,153$11,074
13 years$25,876$22,643$19,764$17,211$14,958$9,243
14 years$23,780$20,582$17,758$15,278$13,112$7,749
15 years$21,966$18,802$16,033$13,625$11,545$6,519
16 years$20,380$17,250$14,536$12,200$10,203$5,500
17 years$18,982$15,887$13,227$10,962$9,047$4,651
18 years$17,740$14,680$12,075$9,879$8,044$3,942
19 years$16,631$13,605$11,054$8,926$7,170$3,346
20 years$15,634$12,643$10,145$8,084$6,404$2,844
21 years$14,733$11,776$9,331$7,337$5,731$2,421
22 years$13,915$10,993$8,600$6,671$5,137$2,062
23 years$13,169$10,281$7,941$6,075$4,611$1,758
24 years$12,487$9,633$7,344$5,541$4,145$1,500
25 years$11,860$9,040$6,802$5,061$3,730$1,281
26 years$11,282$8,496$6,308$4,627$3,360$1,094
27 years$10,748$7,996$5,858$4,235$3,029$935
28 years$10,252$7,534$5,446$3,880$2,733$800
29 years$9,792$7,108$5,068$3,558$2,468$684
30 years$9,364$6,713$4,720$3,266$2,230$585
31 years$8,963$6,346$4,401$2,999$2,016$501
32 years$8,589$6,004$4,106$2,756$1,824$429
33 years$8,238$5,686$3,834$2,535$1,650$367
34 years$7,908$5,389$3,582$2,332$1,494$314
35 years$7,598$5,112$3,349$2,147$1,353$269
36 years$7,306$4,852$3,133$1,977$1,226$230
37 years$7,030$4,608$2,932$1,822$1,111$197
38 years$6,769$4,379$2,746$1,679$1,008$169
39 years$6,523$4,164$2,573$1,548$914$145
40 years$6,289$3,962$2,411$1,428$829$124
41 years$6,067$3,771$2,261$1,318$752$106
42 years$5,856$3,592$2,121$1,216$682$91
43 years$5,656$3,422$1,990$1,122$619$78
44 years$5,465$3,262$1,868$1,036$562$67
45 years$5,284$3,111$1,754$957$510$57
46 years$5,110$2,967$1,648$884$463$49
47 years$4,945$2,832$1,548$817$421$42
48 years$4,787$2,703$1,455$755$382$36
49 years$4,636$2,582$1,367$698$347$31
50 years$4,491$2,466$1,285$645$315$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,600,000, adding $4,190 every year, while hoping to spend $46,320 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: 57/15/28 Blend
70$4,600,000$4,600,000$4,600,000$4,600,000
71$5,073,522$4,829,722$4,758,422$5,323,507
72$5,541,737$5,017,094$4,868,545$5,682,976
73$6,056,158$5,212,095$4,980,805$6,069,389
74$6,621,448$5,415,050$5,095,224$6,489,636
75$7,242,746$5,626,298$5,211,824$6,947,004
76$7,925,712$5,846,193$5,330,627$7,445,109
77$8,676,584$6,075,105$5,451,652$7,987,935
78$9,502,232$6,313,421$5,574,918$8,579,863
79$10,410,225$6,561,545$5,700,444$9,225,717
80$11,408,906$6,819,898$5,828,246$9,930,808
81$12,507,462$7,088,921$5,958,340$10,700,981
82$13,716,018$7,369,073$6,090,740$11,542,673
83$15,045,730$7,660,836$6,225,458$12,462,971
84$16,508,890$7,964,712$6,362,505$13,469,677
85$18,119,039$8,281,225$6,501,892$14,571,384
86$19,891,100$8,610,924$6,643,624$15,777,552
87$21,841,514$8,954,382$6,787,708$17,098,603
88$23,988,399$9,312,197$6,934,146$18,546,011
89$26,351,716$9,684,995$7,082,941$20,132,414
90$28,953,462$10,073,430$7,234,090$21,871,731
91$31,817,872$10,478,186$7,387,589$23,779,293
92$34,971,654$10,899,975$7,543,432$25,871,985
93$38,444,234$11,339,546$7,701,608$28,168,408
94$42,268,040$11,797,678$7,862,107$30,689,048
95$46,478,803$12,275,187$8,024,910$33,456,475
96$51,115,896$12,772,926$8,189,999$36,495,548
97$56,222,704$13,291,786$8,357,351$39,833,654
98$61,847,036$13,832,699$8,526,938$43,500,962
99$68,041,572$14,396,640$8,698,729$47,530,707
100$74,864,364$14,984,628$8,872,688$51,959,505