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%12.4%
1 years$379,864$376,480$373,179$369,957$366,810$363,131
2 years$188,051$184,549$181,155$177,864$174,672$170,966
3 years$124,122$120,605$117,219$113,959$110,819$107,201
4 years$92,164$88,657$85,306$82,101$79,037$75,536
5 years$72,994$69,508$66,201$63,062$60,083$56,708
6 years$60,218$56,759$53,500$50,431$47,541$44,297
7 years$51,096$47,666$44,459$41,462$38,664$35,552
8 years$44,258$40,859$37,704$34,781$32,075$29,096
9 years$38,942$35,575$32,475$29,626$27,012$24,163
10 years$34,692$31,357$28,312$25,538$23,016$20,296
11 years$31,216$27,916$24,926$22,226$19,794$17,202
12 years$28,322$25,056$22,121$19,495$17,153$14,685
13 years$25,876$22,643$19,764$17,211$14,958$12,611
14 years$23,780$20,582$17,758$15,278$13,112$10,884
15 years$21,966$18,802$16,033$13,625$11,545$9,432
16 years$20,380$17,250$14,536$12,200$10,203$8,201
17 years$18,982$15,887$13,227$10,962$9,047$7,153
18 years$17,740$14,680$12,075$9,879$8,044$6,254
19 years$16,631$13,605$11,054$8,926$7,170$5,480
20 years$15,634$12,643$10,145$8,084$6,404$4,811
21 years$14,733$11,776$9,331$7,337$5,731$4,230
22 years$13,915$10,993$8,600$6,671$5,137$3,725
23 years$13,169$10,281$7,941$6,075$4,611$3,284
24 years$12,487$9,633$7,344$5,541$4,145$2,899
25 years$11,860$9,040$6,802$5,061$3,730$2,561
26 years$11,282$8,496$6,308$4,627$3,360$2,264
27 years$10,748$7,996$5,858$4,235$3,029$2,003
28 years$10,252$7,534$5,446$3,880$2,733$1,773
29 years$9,792$7,108$5,068$3,558$2,468$1,571
30 years$9,364$6,713$4,720$3,266$2,230$1,392
31 years$8,963$6,346$4,401$2,999$2,016$1,234
32 years$8,589$6,004$4,106$2,756$1,824$1,095
33 years$8,238$5,686$3,834$2,535$1,650$972
34 years$7,908$5,389$3,582$2,332$1,494$862
35 years$7,598$5,112$3,349$2,147$1,353$766
36 years$7,306$4,852$3,133$1,977$1,226$680
37 years$7,030$4,608$2,932$1,822$1,111$604
38 years$6,769$4,379$2,746$1,679$1,008$536
39 years$6,523$4,164$2,573$1,548$914$477
40 years$6,289$3,962$2,411$1,428$829$424
41 years$6,067$3,771$2,261$1,318$752$376
42 years$5,856$3,592$2,121$1,216$682$335
43 years$5,656$3,422$1,990$1,122$619$297
44 years$5,465$3,262$1,868$1,036$562$264
45 years$5,284$3,111$1,754$957$510$235
46 years$5,110$2,967$1,648$884$463$209
47 years$4,945$2,832$1,548$817$421$186
48 years$4,787$2,703$1,455$755$382$165
49 years$4,636$2,582$1,367$698$347$147
50 years$4,491$2,466$1,285$645$315$131

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 $6,393 every year, while hoping to spend $34,748 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: 31/50/19 Blend
70$4,600,000$4,600,000$4,600,000$4,600,000
71$5,075,794$4,831,994$4,760,694$5,202,796
72$5,556,554$5,031,791$4,883,206$5,498,605
73$6,085,186$5,240,212$5,008,657$5,813,220
74$6,666,538$5,457,645$5,137,110$6,151,164
75$7,305,948$5,684,493$5,268,626$6,514,484
76$8,009,300$5,921,178$5,403,270$6,905,423
77$8,783,075$6,168,143$5,541,107$7,326,442
78$9,634,415$6,425,849$5,682,201$7,780,235
79$10,571,190$6,694,779$5,826,618$8,269,756
80$11,602,068$6,975,440$5,974,427$8,798,246
81$12,736,604$7,268,361$6,125,695$9,369,260
82$13,985,322$7,574,096$6,280,491$9,986,698
83$15,359,822$7,893,224$6,438,884$10,654,839
84$16,872,882$8,226,350$6,600,945$11,378,381
85$18,538,586$8,574,111$6,766,746$12,162,482
86$20,372,447$8,937,168$6,936,358$13,012,804
87$22,391,565$9,316,218$7,109,854$13,935,568
88$24,614,779$9,711,986$7,287,308$14,937,604
89$27,062,847$10,125,234$7,468,794$16,026,419
90$29,758,645$10,556,759$7,654,387$17,210,259
91$32,727,380$11,007,392$7,844,161$18,498,188
92$35,996,825$11,478,008$8,038,194$19,900,166
93$39,597,589$11,969,518$8,236,561$21,427,144
94$43,563,397$12,482,878$8,439,339$23,091,159
95$47,931,414$13,019,089$8,646,607$24,905,447
96$52,742,591$13,579,197$8,858,441$26,884,564
97$58,042,057$14,164,299$9,074,921$29,044,515
98$63,879,539$14,775,543$9,296,123$31,402,908
99$70,309,836$15,414,129$9,522,128$33,979,107
100$77,393,333$16,081,315$9,753,013$36,794,416