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%16.9%
1 years$404,637$401,033$397,517$394,084$390,733$379,748
2 years$200,316$196,585$192,969$189,464$186,063$175,080
3 years$132,217$128,470$124,864$121,391$118,046$107,408
4 years$98,175$94,439$90,869$87,456$84,192$73,981
5 years$77,754$74,042$70,518$67,174$64,001$54,245
6 years$64,145$60,461$56,989$53,720$50,642$41,350
7 years$54,429$50,775$47,358$44,166$41,185$32,358
8 years$47,144$43,523$40,163$37,050$34,167$25,800
9 years$41,482$37,895$34,593$31,558$28,774$20,858
10 years$36,954$33,402$30,159$27,203$24,517$17,042
11 years$33,252$29,736$26,551$23,675$21,085$14,039
12 years$30,170$26,690$23,564$20,766$18,272$11,641
13 years$27,563$24,120$21,053$18,334$15,934$9,704
14 years$25,331$21,924$18,916$16,274$13,967$8,123
15 years$23,398$20,028$17,078$14,514$12,298$6,824
16 years$21,709$18,375$15,484$12,996$10,869$5,749
17 years$20,220$16,923$14,090$11,676$9,637$4,855
18 years$18,897$15,638$12,862$10,523$8,569$4,108
19 years$17,716$14,493$11,775$9,508$7,638$3,482
20 years$16,654$13,467$10,806$8,612$6,822$2,956
21 years$15,694$12,544$9,940$7,816$6,105$2,512
22 years$14,822$11,710$9,161$7,106$5,472$2,136
23 years$14,028$10,952$8,459$6,472$4,912$1,819
24 years$13,301$10,261$7,823$5,903$4,415$1,550
25 years$12,633$9,630$7,245$5,391$3,973$1,321
26 years$12,017$9,050$6,720$4,929$3,579$1,127
27 years$11,448$8,517$6,240$4,512$3,227$961
28 years$10,921$8,026$5,801$4,134$2,911$821
29 years$10,431$7,571$5,398$3,791$2,629$701
30 years$9,974$7,150$5,028$3,479$2,375$598
31 years$9,548$6,760$4,688$3,195$2,148$511
32 years$9,149$6,396$4,374$2,936$1,943$437
33 years$8,775$6,057$4,084$2,700$1,758$373
34 years$8,424$5,741$3,816$2,484$1,592$319
35 years$8,094$5,445$3,567$2,287$1,442$273
36 years$7,782$5,168$3,337$2,106$1,306$233
37 years$7,489$4,908$3,123$1,941$1,184$199
38 years$7,211$4,665$2,925$1,789$1,073$170
39 years$6,948$4,436$2,740$1,649$973$146
40 years$6,699$4,220$2,569$1,521$883$125
41 years$6,463$4,017$2,408$1,404$801$107
42 years$6,238$3,826$2,259$1,295$727$91
43 years$6,025$3,645$2,120$1,196$660$78
44 years$5,822$3,475$1,990$1,104$599$67
45 years$5,628$3,314$1,869$1,020$544$57
46 years$5,444$3,161$1,755$942$493$49
47 years$5,268$3,017$1,649$870$448$42
48 years$5,099$2,880$1,549$804$407$36
49 years$4,938$2,750$1,456$743$370$31
50 years$4,784$2,627$1,369$687$336$26

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 $5,184 every year, while hoping to spend $26,149 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: 51/42/7 Blend
70$4,900,000$4,900,000$4,900,000$4,900,000
71$5,405,147$5,145,447$5,069,497$5,671,134
72$5,928,650$5,369,752$5,211,503$6,076,936
73$6,504,674$5,604,171$5,357,390$6,514,573
74$7,138,548$5,849,173$5,507,260$6,989,676
75$7,836,144$6,105,247$5,661,218$7,505,769
76$8,603,934$6,372,907$5,819,371$8,066,721
77$9,449,046$6,652,690$5,981,831$8,676,785
78$10,379,336$6,945,159$6,148,710$9,340,632
79$11,403,460$7,250,904$6,320,123$10,063,396
80$12,530,955$7,570,541$6,496,190$10,850,716
81$13,772,332$7,904,717$6,677,032$11,708,793
82$15,139,171$8,254,109$6,862,773$12,644,443
83$16,644,233$8,619,426$7,053,542$13,665,160
84$18,301,578$9,001,411$7,249,469$14,779,183
85$20,126,700$9,400,842$7,450,688$15,995,572
86$22,136,674$9,818,533$7,657,336$17,324,292
87$24,350,311$10,255,339$7,869,554$18,776,302
88$26,788,345$10,712,152$8,087,486$20,363,659
89$29,473,618$11,189,909$8,311,278$22,099,625
90$32,431,304$11,689,592$8,541,083$23,998,791
91$35,689,143$12,212,228$8,777,055$26,077,210
92$39,277,701$12,758,893$9,019,352$28,352,549
93$43,230,663$13,330,714$9,268,137$30,844,246
94$47,585,146$13,928,875$9,523,575$33,573,695
95$52,382,052$14,554,611$9,785,836$36,564,443
96$57,666,454$15,209,219$10,055,094$39,842,403
97$63,488,020$15,894,059$10,331,527$43,436,103
98$69,901,483$16,610,553$10,615,318$47,376,944
99$76,967,156$17,360,192$10,906,653$51,699,493
100$84,751,503$18,144,538$11,205,724$56,441,807