Can I retire at age 71 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$437,669$433,771$429,967$426,254$422,629$420,672
2 years$216,668$212,633$208,722$204,930$201,252$199,276
3 years$143,010$138,958$135,057$131,301$127,683$125,749
4 years$106,189$102,149$98,287$94,595$91,064$89,189
5 years$84,102$80,086$76,275$72,658$69,226$67,413
6 years$69,382$65,396$61,641$58,105$54,776$53,029
7 years$58,872$54,920$51,224$47,771$44,547$42,867
8 years$50,993$47,076$43,442$40,074$36,956$35,343
9 years$44,868$40,988$37,417$34,134$31,123$29,575
10 years$39,971$36,129$32,621$29,424$26,518$25,036
11 years$35,967$32,164$28,719$25,608$22,806$21,389
12 years$32,632$28,868$25,487$22,461$19,764$18,409
13 years$29,813$26,089$22,771$19,830$17,234$15,942
14 years$27,399$23,714$20,460$17,603$15,107$13,876
15 years$25,308$21,663$18,473$15,699$13,302$12,130
16 years$23,481$19,875$16,748$14,057$11,756$10,642
17 years$21,870$18,304$15,240$12,630$10,424$9,365
18 years$20,440$16,914$13,912$11,382$9,268$8,264
19 years$19,162$15,676$12,736$10,285$8,261$7,309
20 years$18,013$14,567$11,688$9,315$7,379$6,477
21 years$16,975$13,568$10,751$8,454$6,603$5,751
22 years$16,032$12,666$9,909$7,686$5,919$5,113
23 years$15,173$11,846$9,149$7,000$5,313$4,552
24 years$14,387$11,099$8,461$6,384$4,776$4,058
25 years$13,664$10,416$7,837$5,831$4,297$3,621
26 years$12,998$9,789$7,268$5,331$3,871$3,234
27 years$12,383$9,213$6,749$4,880$3,490$2,891
28 years$11,813$8,681$6,274$4,471$3,149$2,586
29 years$11,282$8,190$5,839$4,100$2,843$2,315
30 years$10,789$7,734$5,439$3,763$2,569$2,074
31 years$10,327$7,311$5,070$3,456$2,323$1,858
32 years$9,896$6,918$4,731$3,176$2,101$1,666
33 years$9,492$6,551$4,417$2,921$1,902$1,494
34 years$9,112$6,209$4,127$2,687$1,722$1,341
35 years$8,754$5,889$3,858$2,474$1,559$1,203
36 years$8,418$5,590$3,610$2,278$1,413$1,080
37 years$8,100$5,309$3,378$2,099$1,281$970
38 years$7,800$5,046$3,164$1,935$1,161$871
39 years$7,515$4,798$2,964$1,784$1,053$783
40 years$7,246$4,565$2,778$1,645$955$703
41 years$6,990$4,345$2,605$1,518$866$632
42 years$6,748$4,138$2,444$1,401$786$568
43 years$6,517$3,943$2,293$1,293$713$511
44 years$6,297$3,758$2,152$1,194$648$459
45 years$6,088$3,584$2,021$1,103$588$413
46 years$5,888$3,419$1,898$1,019$534$371
47 years$5,698$3,263$1,783$941$485$334
48 years$5,515$3,115$1,676$870$440$300
49 years$5,341$2,974$1,575$804$400$270
50 years$5,175$2,841$1,481$743$363$243

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $5,300,000, adding $4,484 every year, while hoping to spend $53,551 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: 46/33/21 Blend
70$5,300,000$5,300,000$5,300,000$5,300,000
71$5,845,225$5,564,325$5,482,175$6,078,764
72$6,384,460$5,779,999$5,608,850$6,458,585
73$6,976,903$6,004,447$5,737,974$6,864,753
74$7,627,923$6,238,041$5,869,572$7,304,323
75$8,343,437$6,481,171$6,003,669$7,780,434
76$9,129,964$6,734,245$6,140,289$8,296,536
77$9,994,685$6,997,687$6,279,453$8,856,422
78$10,945,512$7,271,943$6,421,184$9,464,262
79$11,991,161$7,557,475$6,565,500$10,124,638
80$13,141,237$7,854,768$6,712,421$10,842,592
81$14,406,320$8,164,329$6,861,964$11,623,666
82$15,798,068$8,486,685$7,014,144$12,473,956
83$17,329,328$8,822,389$7,168,975$13,400,168
84$19,014,251$9,172,018$7,326,467$14,409,679
85$20,868,433$9,536,175$7,486,632$15,510,605
86$22,909,055$9,915,490$7,649,476$16,711,876
87$25,155,050$10,310,620$7,815,005$18,023,317
88$27,627,279$10,722,254$7,983,221$19,455,744
89$30,348,727$11,151,110$8,154,124$21,021,056
90$33,344,721$11,597,939$8,327,712$22,732,352
91$36,643,171$12,063,526$8,503,978$24,604,051
92$40,274,827$12,548,691$8,682,914$26,652,021
93$44,273,574$13,054,292$8,864,507$28,893,736
94$48,676,752$13,581,225$9,048,741$31,348,430
95$53,525,502$14,130,427$9,235,595$34,037,279
96$58,865,162$14,702,877$9,425,047$36,983,599
97$64,745,690$15,299,599$9,617,067$40,213,063
98$71,222,134$15,921,663$9,811,622$43,753,940
99$78,355,155$16,570,188$10,008,675$47,637,361
100$86,211,598$17,246,344$10,208,183$51,897,605