Can I retire at age 71 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$429,411$425,586$421,854$418,212$414,655$399,943
2 years$212,580$208,621$204,784$201,063$197,455$182,789
3 years$140,312$136,336$132,509$128,823$125,274$111,116
4 years$104,185$100,221$96,432$92,810$89,346$75,804
5 years$82,515$78,575$74,835$71,287$67,919$55,029
6 years$68,073$64,162$60,478$57,009$53,742$41,512
7 years$57,761$53,883$50,258$46,870$43,707$32,135
8 years$50,031$46,188$42,622$39,318$36,259$25,336
9 years$44,021$40,215$36,711$33,490$30,535$20,247
10 years$39,217$35,447$32,005$28,869$26,018$16,347
11 years$35,288$31,557$28,177$25,125$22,376$13,302
12 years$32,017$28,324$25,006$22,038$19,391$10,892
13 years$29,251$25,596$22,341$19,456$16,909$8,963
14 years$26,882$23,266$20,074$17,271$14,822$7,405
15 years$24,831$21,254$18,124$15,403$13,051$6,137
16 years$23,038$19,500$16,432$13,791$11,534$5,100
17 years$21,458$17,959$14,953$12,391$10,227$4,248
18 years$20,054$16,595$13,650$11,167$9,093$3,544
19 years$18,800$15,380$12,496$10,090$8,105$2,961
20 years$17,673$14,292$11,468$9,139$7,240$2,477
21 years$16,655$13,312$10,548$8,294$6,479$2,074
22 years$15,730$12,427$9,722$7,541$5,807$1,738
23 years$14,887$11,622$8,976$6,868$5,213$1,458
24 years$14,115$10,889$8,302$6,264$4,686$1,223
25 years$13,406$10,219$7,689$5,721$4,216$1,027
26 years$12,753$9,604$7,131$5,231$3,798$863
27 years$12,149$9,039$6,622$4,788$3,424$725
28 years$11,590$8,517$6,156$4,387$3,090$609
29 years$11,070$8,035$5,729$4,023$2,790$512
30 years$10,585$7,588$5,336$3,692$2,521$431
31 years$10,133$7,173$4,975$3,391$2,279$362
32 years$9,709$6,787$4,641$3,116$2,062$305
33 years$9,312$6,428$4,334$2,865$1,866$256
34 years$8,940$6,092$4,049$2,636$1,689$216
35 years$8,589$5,778$3,786$2,427$1,530$181
36 years$8,259$5,484$3,541$2,235$1,386$153
37 years$7,947$5,209$3,315$2,059$1,256$128
38 years$7,652$4,950$3,104$1,898$1,139$108
39 years$7,373$4,707$2,908$1,750$1,033$91
40 years$7,109$4,479$2,726$1,614$937$77
41 years$6,859$4,263$2,556$1,489$850$64
42 years$6,620$4,060$2,398$1,375$771$54
43 years$6,394$3,869$2,250$1,269$700$46
44 years$6,178$3,688$2,112$1,172$635$38
45 years$5,973$3,516$1,983$1,082$577$32
46 years$5,777$3,354$1,862$999$524$27
47 years$5,590$3,201$1,750$923$476$23
48 years$5,411$3,056$1,644$853$432$19
49 years$5,241$2,918$1,545$789$392$16
50 years$5,077$2,788$1,453$729$356$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $5,200,000, adding $6,138 every year, while hoping to spend $26,676 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: 74/15/11 Blend
70$5,200,000$5,200,000$5,200,000$5,200,000
71$5,736,731$5,461,131$5,380,531$6,148,637
72$6,293,495$5,700,344$5,532,396$6,660,574
73$6,906,154$5,950,383$5,688,454$7,217,348
74$7,580,383$6,211,753$5,848,818$7,826,605
75$8,322,431$6,484,978$6,013,603$8,493,539
76$9,139,187$6,770,610$6,182,927$9,223,866
77$10,038,240$7,069,226$6,356,911$10,023,880
78$11,027,953$7,381,430$6,535,679$10,900,509
79$12,117,539$7,707,855$6,719,359$11,861,383
80$13,317,152$8,049,164$6,908,082$12,914,899
81$14,637,980$8,406,052$7,101,981$14,070,307
82$16,092,350$8,779,244$7,301,194$15,337,788
83$17,693,847$9,169,505$7,505,861$16,728,558
84$19,457,439$9,577,630$7,716,127$18,254,963
85$21,399,620$10,004,456$7,932,140$19,930,604
86$23,538,566$10,450,859$8,154,051$21,770,456
87$25,894,304$10,917,756$8,382,016$23,791,015
88$28,488,903$11,406,106$8,616,194$26,010,447
89$31,346,684$11,916,917$8,856,749$28,448,760
90$34,494,443$12,451,244$9,103,847$31,127,994
91$37,961,711$13,010,189$9,357,661$34,072,421
92$41,781,028$13,594,912$9,618,365$37,308,782
93$45,988,254$14,206,623$9,886,141$40,866,529
94$50,622,901$14,846,593$10,161,173$44,778,106
95$55,728,514$15,516,154$10,443,649$49,079,253
96$61,353,075$16,216,697$10,733,764$53,809,340
97$67,549,459$16,949,686$11,031,715$59,011,738
98$74,375,933$17,716,649$11,337,707$64,734,228
99$81,896,705$18,519,192$11,651,946$71,029,444
100$90,182,529$19,358,993$11,974,647$77,955,376