Can I retire at age 71 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$404,637$401,033$397,517$394,084$390,733$387,621
2 years$200,316$196,585$192,969$189,464$186,063$182,926
3 years$132,217$128,470$124,864$121,391$118,046$114,981
4 years$98,175$94,439$90,869$87,456$84,192$81,223
5 years$77,754$74,042$70,518$67,174$64,001$61,137
6 years$64,145$60,461$56,989$53,720$50,642$47,886
7 years$54,429$50,775$47,358$44,166$41,185$38,539
8 years$47,144$43,523$40,163$37,050$34,167$31,630
9 years$41,482$37,895$34,593$31,558$28,774$26,345
10 years$36,954$33,402$30,159$27,203$24,517$22,195
11 years$33,252$29,736$26,551$23,675$21,085$18,869
12 years$30,170$26,690$23,564$20,766$18,272$16,160
13 years$27,563$24,120$21,053$18,334$15,934$13,923
14 years$25,331$21,924$18,916$16,274$13,967$12,055
15 years$23,398$20,028$17,078$14,514$12,298$10,482
16 years$21,709$18,375$15,484$12,996$10,869$9,146
17 years$20,220$16,923$14,090$11,676$9,637$8,005
18 years$18,897$15,638$12,862$10,523$8,569$7,024
19 years$17,716$14,493$11,775$9,508$7,638$6,177
20 years$16,654$13,467$10,806$8,612$6,822$5,442
21 years$15,694$12,544$9,940$7,816$6,105$4,803
22 years$14,822$11,710$9,161$7,106$5,472$4,246
23 years$14,028$10,952$8,459$6,472$4,912$3,757
24 years$13,301$10,261$7,823$5,903$4,415$3,329
25 years$12,633$9,630$7,245$5,391$3,973$2,952
26 years$12,017$9,050$6,720$4,929$3,579$2,620
27 years$11,448$8,517$6,240$4,512$3,227$2,328
28 years$10,921$8,026$5,801$4,134$2,911$2,069
29 years$10,431$7,571$5,398$3,791$2,629$1,840
30 years$9,974$7,150$5,028$3,479$2,375$1,638
31 years$9,548$6,760$4,688$3,195$2,148$1,458
32 years$9,149$6,396$4,374$2,936$1,943$1,299
33 years$8,775$6,057$4,084$2,700$1,758$1,157
34 years$8,424$5,741$3,816$2,484$1,592$1,031
35 years$8,094$5,445$3,567$2,287$1,442$919
36 years$7,782$5,168$3,337$2,106$1,306$820
37 years$7,489$4,908$3,123$1,941$1,184$731
38 years$7,211$4,665$2,925$1,789$1,073$652
39 years$6,948$4,436$2,740$1,649$973$582
40 years$6,699$4,220$2,569$1,521$883$520
41 years$6,463$4,017$2,408$1,404$801$464
42 years$6,238$3,826$2,259$1,295$727$414
43 years$6,025$3,645$2,120$1,196$660$370
44 years$5,822$3,475$1,990$1,104$599$330
45 years$5,628$3,314$1,869$1,020$544$295
46 years$5,444$3,161$1,755$942$493$263
47 years$5,268$3,017$1,649$870$448$235
48 years$5,099$2,880$1,549$804$407$210
49 years$4,938$2,750$1,456$743$370$188
50 years$4,784$2,627$1,369$687$336$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,900,000, adding $4,815 every year, while hoping to spend $31,160 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: 53/41/6 Blend
70$4,900,000$4,900,000$4,900,000$4,900,000
71$5,404,767$5,145,067$5,069,117$5,683,507
72$5,922,899$5,364,021$5,205,778$6,091,675
73$6,492,836$5,592,660$5,345,973$6,531,661
74$7,119,830$5,831,424$5,489,788$7,009,553
75$7,809,666$6,080,777$5,637,309$7,528,936
76$8,568,719$6,341,202$5,788,626$8,093,745
77$9,404,013$6,613,206$5,943,830$8,708,307
78$10,323,287$6,897,318$6,103,013$9,377,376
79$11,335,070$7,194,094$6,266,271$10,106,178
80$12,448,757$7,504,115$6,433,701$10,900,455
81$13,674,701$7,827,988$6,605,401$11,766,524
82$15,024,311$8,166,350$6,781,473$12,711,327
83$16,510,158$8,519,867$6,962,019$13,742,499
84$18,146,091$8,889,238$7,147,144$14,868,437
85$19,947,375$9,275,193$7,336,956$16,098,375
86$21,930,827$9,678,497$7,531,563$17,442,474
87$24,114,978$10,099,951$7,731,078$18,911,907
88$26,520,250$10,540,393$7,935,613$20,518,970
89$29,169,145$11,000,701$8,145,285$22,277,189
90$32,086,457$11,481,795$8,360,212$24,201,451
91$35,299,510$11,984,637$8,580,513$26,308,134
92$38,838,412$12,510,236$8,806,312$28,615,265
93$42,736,340$13,059,648$9,037,733$31,142,683
94$47,029,853$13,633,977$9,274,904$33,912,226
95$51,759,239$14,234,383$9,517,954$36,947,928
96$56,968,890$14,862,077$9,767,015$40,276,249
97$62,707,728$15,518,329$10,022,221$43,926,315
98$69,029,660$16,204,471$10,283,708$47,930,192
99$75,994,089$16,921,894$10,551,617$52,323,184
100$83,666,478$17,672,058$10,826,087$57,144,161