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%13.3%
1 years$396,380$392,849$389,404$386,042$382,759$377,507
2 years$196,227$192,573$189,031$185,597$182,266$176,984
3 years$129,519$125,849$122,316$118,914$115,637$110,489
4 years$96,171$92,512$89,014$85,671$82,473$77,499
5 years$76,168$72,531$69,079$65,803$62,695$57,909
6 years$62,836$59,227$55,826$52,623$49,608$45,016
7 years$53,318$49,738$46,392$43,265$40,345$35,948
8 years$46,182$42,635$39,344$36,294$33,470$29,269
9 years$40,635$37,121$33,887$30,914$28,187$24,178
10 years$36,200$32,721$29,543$26,648$24,016$20,198
11 years$32,574$29,129$26,009$23,192$20,655$17,023
12 years$29,554$26,145$23,083$20,342$17,899$14,450
13 years$27,001$23,627$20,623$17,959$15,608$12,337
14 years$24,814$21,477$18,530$15,942$13,682$10,583
15 years$22,921$19,619$16,730$14,218$12,047$9,116
16 years$21,266$18,000$15,168$12,730$10,647$7,878
17 years$19,807$16,578$13,802$11,438$9,440$6,827
18 years$18,512$15,318$12,600$10,308$8,394$5,931
19 years$17,354$14,197$11,534$9,314$7,482$5,163
20 years$16,314$13,193$10,586$8,436$6,683$4,503
21 years$15,373$12,288$9,737$7,656$5,980$3,933
22 years$14,520$11,471$8,974$6,961$5,361$3,439
23 years$13,742$10,728$8,286$6,340$4,812$3,012
24 years$13,029$10,052$7,663$5,782$4,325$2,639
25 years$12,375$9,433$7,098$5,281$3,892$2,315
26 years$11,772$8,866$6,583$4,828$3,506$2,033
27 years$11,215$8,344$6,113$4,419$3,161$1,785
28 years$10,698$7,862$5,682$4,049$2,852$1,569
29 years$10,218$7,417$5,288$3,713$2,575$1,380
30 years$9,771$7,005$4,926$3,408$2,327$1,214
31 years$9,353$6,622$4,592$3,130$2,104$1,069
32 years$8,962$6,265$4,284$2,876$1,903$941
33 years$8,596$5,933$4,000$2,645$1,722$829
34 years$8,252$5,624$3,738$2,434$1,559$730
35 years$7,928$5,334$3,494$2,240$1,412$643
36 years$7,624$5,063$3,269$2,063$1,280$567
37 years$7,336$4,808$3,060$1,901$1,160$500
38 years$7,064$4,570$2,865$1,752$1,051$440
39 years$6,806$4,345$2,684$1,616$953$388
40 years$6,562$4,134$2,516$1,490$865$342
41 years$6,331$3,935$2,359$1,375$785$302
42 years$6,111$3,748$2,213$1,269$712$266
43 years$5,902$3,571$2,077$1,171$646$235
44 years$5,703$3,404$1,949$1,082$586$207
45 years$5,513$3,246$1,830$999$532$183
46 years$5,333$3,096$1,719$923$483$161
47 years$5,160$2,955$1,615$852$439$142
48 years$4,995$2,821$1,518$788$399$126
49 years$4,837$2,694$1,427$728$362$111
50 years$4,686$2,573$1,341$673$329$98

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 $2,719 every year, while hoping to spend $35,613 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: 82/7/11 Blend
70$4,800,000$4,800,000$4,800,000$4,800,000
71$5,292,405$5,038,005$4,963,605$5,716,402
72$5,794,338$5,246,975$5,091,993$6,203,603
73$6,346,275$5,464,991$5,223,490$6,733,422
74$6,953,278$5,692,459$5,358,160$7,314,059
75$7,620,926$5,929,803$5,496,071$7,950,594
76$8,355,364$6,177,466$5,637,293$8,648,621
77$9,163,363$6,435,914$5,781,895$9,414,301
78$10,052,384$6,705,632$5,929,946$10,254,419
79$11,030,648$6,987,129$6,081,520$11,176,450
80$12,107,211$7,280,936$6,236,688$12,188,625
81$13,292,055$7,587,609$6,395,525$13,300,012
82$14,596,174$7,907,732$6,558,105$14,520,599
83$16,031,686$8,241,913$6,724,504$15,861,389
84$17,611,941$8,590,790$6,894,798$17,334,501
85$19,351,651$8,955,031$7,069,066$18,953,287
86$21,267,025$9,335,333$7,247,385$20,732,455
87$23,375,924$9,732,427$7,429,835$22,688,209
88$25,698,030$10,147,078$7,616,496$24,838,398
89$28,255,031$10,580,086$7,807,451$27,202,688
90$31,070,824$11,032,290$8,002,780$29,802,746
91$34,171,741$11,504,565$8,202,566$32,662,440
92$37,586,801$11,997,831$8,406,894$35,808,069
93$41,347,977$12,513,047$8,615,847$39,268,607
94$45,490,503$13,051,219$8,829,511$43,075,976
95$50,053,206$13,613,400$9,047,971$47,265,348
96$55,078,869$14,200,693$9,271,314$51,875,474
97$60,614,636$14,814,250$9,499,626$56,949,053
98$66,712,461$15,455,279$9,732,995$62,533,127
99$73,429,590$16,125,046$9,971,509$68,679,532
100$80,829,108$16,824,874$10,215,255$75,445,382