Can I retire at age 71 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$470,701$466,508$462,417$458,425$454,526$442,819
2 years$233,020$228,680$224,474$220,396$216,441$204,725
3 years$153,804$149,445$145,250$141,210$137,319$125,960
4 years$114,203$109,858$105,705$101,734$97,937$87,022
5 years$90,449$86,130$82,031$78,141$74,450$64,009
6 years$74,618$70,332$66,293$62,490$58,910$48,954
7 years$63,315$59,064$55,090$51,377$47,910$38,439
8 years$54,841$50,629$46,721$43,099$39,746$30,756
9 years$48,254$44,082$40,241$36,711$33,472$24,955
10 years$42,987$38,856$35,083$31,645$28,519$20,466
11 years$38,681$34,591$30,886$27,540$24,528$16,925
12 years$35,095$31,047$27,411$24,157$21,255$14,090
13 years$32,063$28,058$24,490$21,327$18,535$11,792
14 years$29,467$25,504$22,004$18,931$16,248$9,913
15 years$27,218$23,298$19,867$16,884$14,306$8,362
16 years$25,253$21,375$18,012$15,117$12,643$7,075
17 years$23,521$19,686$16,390$13,583$11,210$6,001
18 years$21,983$18,191$14,962$12,241$9,968$5,101
19 years$20,608$16,859$13,697$11,061$8,885$4,343
20 years$19,372$15,666$12,571$10,018$7,936$3,703
21 years$18,256$14,592$11,563$9,092$7,102$3,161
22 years$17,242$13,621$10,657$8,266$6,366$2,702
23 years$16,318$12,740$9,840$7,528$5,714$2,311
24 years$15,472$11,936$9,100$6,866$5,136$1,978
25 years$14,695$11,202$8,428$6,271$4,622$1,694
26 years$13,979$10,528$7,817$5,734$4,163$1,452
27 years$13,318$9,908$7,259$5,248$3,753$1,245
28 years$12,704$9,336$6,748$4,808$3,387$1,068
29 years$12,134$8,808$6,279$4,409$3,058$916
30 years$11,603$8,318$5,849$4,047$2,763$787
31 years$11,107$7,863$5,453$3,717$2,498$675
32 years$10,643$7,440$5,088$3,416$2,260$580
33 years$10,208$7,046$4,750$3,141$2,045$498
34 years$9,799$6,678$4,438$2,890$1,852$428
35 years$9,415$6,334$4,150$2,660$1,677$368
36 years$9,053$6,012$3,882$2,450$1,520$316
37 years$8,711$5,710$3,633$2,257$1,377$271
38 years$8,388$5,426$3,403$2,081$1,249$233
39 years$8,082$5,160$3,188$1,919$1,132$200
40 years$7,793$4,909$2,988$1,770$1,027$172
41 years$7,518$4,673$2,802$1,633$932$148
42 years$7,257$4,451$2,628$1,507$845$127
43 years$7,009$4,241$2,466$1,391$767$109
44 years$6,772$4,042$2,315$1,284$696$94
45 years$6,547$3,855$2,174$1,186$632$81
46 years$6,333$3,677$2,042$1,096$574$70
47 years$6,128$3,509$1,918$1,012$521$60
48 years$5,932$3,350$1,802$935$473$51
49 years$5,744$3,199$1,694$864$430$44
50 years$5,565$3,056$1,593$799$391$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $5,700,000, adding $2,590 every year, while hoping to spend $54,144 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: 72/13/15 Blend
70$5,700,000$5,700,000$5,700,000$5,700,000
71$6,284,072$5,981,972$5,893,622$6,715,227
72$6,867,438$6,217,479$6,033,449$7,237,000
73$7,508,493$6,462,712$6,176,146$7,801,357
74$8,213,064$6,718,090$6,321,752$8,417,949
75$8,987,571$6,984,050$6,470,304$9,091,936
76$9,839,085$7,261,051$6,621,842$9,828,997
77$10,775,400$7,549,570$6,776,401$10,635,387
78$11,805,099$7,850,108$6,934,020$11,517,991
79$12,937,643$8,163,187$7,094,732$12,484,390
80$14,183,450$8,489,351$7,258,574$13,542,934
81$15,554,005$8,829,172$7,425,579$14,702,815
82$17,061,957$9,183,245$7,595,780$15,974,159
83$18,721,246$9,552,193$7,769,207$17,368,114
84$20,547,230$9,936,667$7,945,893$18,896,960
85$22,556,831$10,337,348$8,125,864$20,574,222
86$24,768,696$10,754,946$8,309,148$22,414,796
87$27,203,369$11,190,205$8,495,771$24,435,089
88$29,883,490$11,643,902$8,685,757$26,653,172
89$32,834,003$12,116,849$8,879,126$29,088,953
90$36,082,393$12,609,897$9,075,899$31,764,358
91$39,658,947$13,123,933$9,276,092$34,703,542
92$43,597,039$13,659,884$9,479,720$37,933,115
93$47,933,442$14,218,724$9,686,796$41,482,387
94$52,708,678$14,801,466$9,897,328$45,383,652
95$57,967,397$15,409,172$10,111,322$49,672,482
96$63,758,803$16,042,952$10,328,783$54,388,069
97$70,137,111$16,703,967$10,549,708$59,573,590
98$77,162,067$17,393,432$10,774,093$65,276,613
99$84,899,504$18,112,617$11,001,932$71,549,546
100$93,421,967$18,862,849$11,233,210$78,450,127