Can I retire at age 71 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$396,380$392,849$389,404$386,042$382,759$374,114
2 years$196,227$192,573$189,031$185,597$182,266$173,603
3 years$129,519$125,849$122,316$118,914$115,637$107,226
4 years$96,171$92,512$89,014$85,671$82,473$74,379
5 years$76,168$72,531$69,079$65,803$62,695$54,940
6 years$62,836$59,227$55,826$52,623$49,608$42,202
7 years$53,318$49,738$46,392$43,265$40,345$33,287
8 years$46,182$42,635$39,344$36,294$33,470$26,759
9 years$40,635$37,121$33,887$30,914$28,187$21,817
10 years$36,200$32,721$29,543$26,648$24,016$17,981
11 years$32,574$29,129$26,009$23,192$20,655$14,946
12 years$29,554$26,145$23,083$20,342$17,899$12,508
13 years$27,001$23,627$20,623$17,959$15,608$10,525
14 years$24,814$21,477$18,530$15,942$13,682$8,895
15 years$22,921$19,619$16,730$14,218$12,047$7,546
16 years$21,266$18,000$15,168$12,730$10,647$6,421
17 years$19,807$16,578$13,802$11,438$9,440$5,478
18 years$18,512$15,318$12,600$10,308$8,394$4,684
19 years$17,354$14,197$11,534$9,314$7,482$4,012
20 years$16,314$13,193$10,586$8,436$6,683$3,441
21 years$15,373$12,288$9,737$7,656$5,980$2,956
22 years$14,520$11,471$8,974$6,961$5,361$2,542
23 years$13,742$10,728$8,286$6,340$4,812$2,188
24 years$13,029$10,052$7,663$5,782$4,325$1,885
25 years$12,375$9,433$7,098$5,281$3,892$1,625
26 years$11,772$8,866$6,583$4,828$3,506$1,401
27 years$11,215$8,344$6,113$4,419$3,161$1,209
28 years$10,698$7,862$5,682$4,049$2,852$1,044
29 years$10,218$7,417$5,288$3,713$2,575$902
30 years$9,771$7,005$4,926$3,408$2,327$779
31 years$9,353$6,622$4,592$3,130$2,104$673
32 years$8,962$6,265$4,284$2,876$1,903$582
33 years$8,596$5,933$4,000$2,645$1,722$503
34 years$8,252$5,624$3,738$2,434$1,559$435
35 years$7,928$5,334$3,494$2,240$1,412$377
36 years$7,624$5,063$3,269$2,063$1,280$326
37 years$7,336$4,808$3,060$1,901$1,160$282
38 years$7,064$4,570$2,865$1,752$1,051$244
39 years$6,806$4,345$2,684$1,616$953$211
40 years$6,562$4,134$2,516$1,490$865$183
41 years$6,331$3,935$2,359$1,375$785$158
42 years$6,111$3,748$2,213$1,269$712$137
43 years$5,902$3,571$2,077$1,171$646$118
44 years$5,703$3,404$1,949$1,082$586$102
45 years$5,513$3,246$1,830$999$532$89
46 years$5,333$3,096$1,719$923$483$77
47 years$5,160$2,955$1,615$852$439$66
48 years$4,995$2,821$1,518$788$399$58
49 years$4,837$2,694$1,427$728$362$50
50 years$4,686$2,573$1,341$673$329$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,800,000, adding $3,970 every year, while hoping to spend $52,142 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: 61/20/19 Blend
70$4,800,000$4,800,000$4,800,000$4,800,000
71$5,293,695$5,039,295$4,964,895$5,590,382
72$5,778,173$5,230,742$5,075,740$5,982,660
73$6,310,321$5,429,822$5,188,551$6,404,436
74$6,894,944$5,636,854$5,303,339$6,863,549
75$7,537,341$5,852,172$5,420,113$7,363,630
76$8,243,343$6,076,122$5,538,880$7,908,676
77$9,019,379$6,309,067$5,659,648$8,503,084
78$9,872,531$6,551,386$5,782,421$9,151,696
79$10,810,598$6,803,474$5,907,201$9,859,840
80$11,842,178$7,065,742$6,033,991$10,633,379
81$12,976,738$7,338,622$6,162,788$11,478,771
82$14,224,714$7,622,563$6,293,590$12,403,122
83$15,597,600$7,918,034$6,426,390$13,414,257
84$17,108,063$8,225,525$6,561,182$14,520,793
85$18,770,057$8,545,547$6,697,953$15,732,215
86$20,598,959$8,878,635$6,836,691$17,058,970
87$22,611,711$9,225,347$6,977,378$18,512,560
88$24,826,981$9,586,265$7,119,996$20,105,653
89$27,265,339$9,961,997$7,264,522$21,852,199
90$29,949,448$10,353,179$7,410,928$23,767,562
91$32,904,282$10,760,476$7,559,184$25,868,663
92$36,157,359$11,184,579$7,709,257$28,174,139
93$39,739,000$11,626,214$7,861,108$30,704,518
94$43,682,617$12,086,137$8,014,693$33,482,409
95$48,025,025$12,565,139$8,169,967$36,532,719
96$52,806,792$13,064,046$8,326,876$39,882,880
97$58,072,621$13,583,720$8,485,362$43,563,113
98$63,871,770$14,125,064$8,645,363$47,606,706
99$70,258,518$14,689,019$8,806,810$52,050,333
100$77,292,677$15,276,571$8,969,628$56,934,392