Can I retire at age 71 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$445,927$441,955$438,080$434,297$430,604$414,502
2 years$220,756$216,645$212,660$208,797$205,049$189,011
3 years$145,709$141,580$137,605$133,778$130,092$114,622
4 years$108,192$104,076$100,141$96,380$92,783$77,999
5 years$85,689$81,597$77,714$74,029$70,532$56,473
6 years$70,691$66,630$62,804$59,201$55,809$42,485
7 years$59,983$55,956$52,191$48,673$45,388$32,794
8 years$51,955$47,964$44,262$40,830$37,654$25,779
9 years$45,714$41,762$38,123$34,778$31,710$20,538
10 years$40,725$36,811$33,236$29,979$27,018$16,529
11 years$36,645$32,771$29,261$26,091$23,237$13,407
12 years$33,248$29,413$25,968$22,885$20,136$10,941
13 years$30,376$26,581$23,201$20,204$17,559$8,973
14 years$27,916$24,161$20,846$17,935$15,392$7,387
15 years$25,786$22,072$18,821$15,995$13,553$6,101
16 years$23,924$20,250$17,064$14,322$11,978$5,052
17 years$22,283$18,650$15,528$12,868$10,620$4,192
18 years$20,826$17,233$14,175$11,597$9,443$3,484
19 years$19,523$15,972$12,976$10,479$8,417$2,900
20 years$18,353$14,842$11,909$9,490$7,518$2,417
21 years$17,295$13,824$10,954$8,613$6,728$2,016
22 years$16,335$12,905$10,096$7,831$6,031$1,683
23 years$15,459$12,069$9,322$7,132$5,413$1,406
24 years$14,658$11,308$8,621$6,505$4,866$1,175
25 years$13,922$10,612$7,985$5,941$4,378$983
26 years$13,244$9,974$7,405$5,432$3,944$822
27 years$12,617$9,386$6,877$4,972$3,556$688
28 years$12,035$8,845$6,393$4,555$3,208$576
29 years$11,495$8,344$5,949$4,177$2,897$482
30 years$10,992$7,880$5,541$3,834$2,618$404
31 years$10,522$7,449$5,166$3,521$2,367$338
32 years$10,083$7,049$4,820$3,236$2,141$283
33 years$9,671$6,675$4,500$2,976$1,937$237
34 years$9,284$6,326$4,205$2,738$1,754$199
35 years$8,920$6,001$3,931$2,520$1,589$167
36 years$8,576$5,695$3,678$2,321$1,440$140
37 years$8,253$5,409$3,442$2,139$1,305$117
38 years$7,947$5,141$3,223$1,971$1,183$98
39 years$7,657$4,888$3,020$1,818$1,073$82
40 years$7,383$4,651$2,831$1,676$973$69
41 years$7,122$4,427$2,654$1,547$883$58
42 years$6,875$4,216$2,490$1,427$801$48
43 years$6,640$4,017$2,336$1,318$727$41
44 years$6,416$3,829$2,193$1,217$660$34
45 years$6,203$3,652$2,059$1,124$599$28
46 years$5,999$3,484$1,934$1,038$544$24
47 years$5,805$3,324$1,817$959$494$20
48 years$5,619$3,174$1,707$886$448$17
49 years$5,442$3,031$1,605$819$407$14
50 years$5,272$2,895$1,509$757$370$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $5,400,000, adding $2,286 every year, while hoping to spend $59,504 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: 40/31/29 Blend
70$5,400,000$5,400,000$5,400,000$5,400,000
71$5,953,158$5,666,958$5,583,258$6,140,221
72$6,497,068$5,881,327$5,706,985$6,491,086
73$7,094,463$6,104,206$5,832,863$6,864,754
74$7,750,735$6,335,949$5,960,901$7,267,909
75$8,471,825$6,576,925$6,091,106$7,703,292
76$9,264,277$6,827,521$6,223,484$8,173,916
77$10,135,302$7,088,137$6,358,039$8,683,090
78$11,092,842$7,359,196$6,494,773$9,234,453
79$12,145,649$7,641,133$6,633,685$9,832,006
80$13,303,365$7,934,408$6,774,773$10,480,146
81$14,576,611$8,239,498$6,918,031$11,183,709
82$15,977,092$8,556,900$7,063,452$11,948,016
83$17,517,703$8,887,136$7,211,025$12,778,915
84$19,212,651$9,230,748$7,360,737$13,682,842
85$21,077,591$9,588,303$7,512,570$14,666,878
86$23,129,769$9,960,394$7,666,505$15,738,811
87$25,388,191$10,347,639$7,822,519$16,907,213
88$27,873,796$10,750,683$7,980,583$18,181,517
89$30,609,658$11,170,200$8,140,667$19,572,102
90$33,621,198$11,606,896$8,302,734$21,090,394
91$36,936,430$12,061,503$8,466,746$22,748,968
92$40,586,221$12,534,792$8,632,657$24,561,667
93$44,604,582$13,027,563$8,800,417$26,543,729
94$49,028,991$13,540,655$8,969,972$28,711,930
95$53,900,743$14,074,943$9,141,262$31,084,741
96$59,265,345$14,631,341$9,314,220$33,682,498
97$65,172,938$15,210,804$9,488,774$36,527,593
98$71,678,775$15,814,331$9,664,846$39,644,682
99$78,843,740$16,442,964$9,842,348$43,060,918
100$86,734,924$17,097,792$10,021,190$46,806,200