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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$470,701$466,508$462,417$458,425$454,526$447,180
2 years$233,020$228,680$224,474$220,396$216,441$209,060
3 years$153,804$149,445$145,250$141,210$137,319$130,133
4 years$114,203$109,858$105,705$101,734$97,937$91,002
5 years$90,449$86,130$82,031$78,141$74,450$67,785
6 years$74,618$70,332$66,293$62,490$58,910$52,523
7 years$63,315$59,064$55,090$51,377$47,910$41,803
8 years$54,841$50,629$46,721$43,099$39,746$33,917
9 years$48,254$44,082$40,241$36,711$33,472$27,919
10 years$42,987$38,856$35,083$31,645$28,519$23,238
11 years$38,681$34,591$30,886$27,540$24,528$19,512
12 years$35,095$31,047$27,411$24,157$21,255$16,499
13 years$32,063$28,058$24,490$21,327$18,535$14,031
14 years$29,467$25,504$22,004$18,931$16,248$11,988
15 years$27,218$23,298$19,867$16,884$14,306$10,283
16 years$25,253$21,375$18,012$15,117$12,643$8,850
17 years$23,521$19,686$16,390$13,583$11,210$7,637
18 years$21,983$18,191$14,962$12,241$9,968$6,606
19 years$20,608$16,859$13,697$11,061$8,885$5,726
20 years$19,372$15,666$12,571$10,018$7,936$4,971
21 years$18,256$14,592$11,563$9,092$7,102$4,322
22 years$17,242$13,621$10,657$8,266$6,366$3,763
23 years$16,318$12,740$9,840$7,528$5,714$3,279
24 years$15,472$11,936$9,100$6,866$5,136$2,861
25 years$14,695$11,202$8,428$6,271$4,622$2,498
26 years$13,979$10,528$7,817$5,734$4,163$2,182
27 years$13,318$9,908$7,259$5,248$3,753$1,908
28 years$12,704$9,336$6,748$4,808$3,387$1,669
29 years$12,134$8,808$6,279$4,409$3,058$1,460
30 years$11,603$8,318$5,849$4,047$2,763$1,278
31 years$11,107$7,863$5,453$3,717$2,498$1,119
32 years$10,643$7,440$5,088$3,416$2,260$981
33 years$10,208$7,046$4,750$3,141$2,045$859
34 years$9,799$6,678$4,438$2,890$1,852$753
35 years$9,415$6,334$4,150$2,660$1,677$660
36 years$9,053$6,012$3,882$2,450$1,520$579
37 years$8,711$5,710$3,633$2,257$1,377$508
38 years$8,388$5,426$3,403$2,081$1,249$445
39 years$8,082$5,160$3,188$1,919$1,132$391
40 years$7,793$4,909$2,988$1,770$1,027$343
41 years$7,518$4,673$2,802$1,633$932$301
42 years$7,257$4,451$2,628$1,507$845$264
43 years$7,009$4,241$2,466$1,391$767$232
44 years$6,772$4,042$2,315$1,284$696$203
45 years$6,547$3,855$2,174$1,186$632$178
46 years$6,333$3,677$2,042$1,096$574$156
47 years$6,128$3,509$1,918$1,012$521$137
48 years$5,932$3,350$1,802$935$473$121
49 years$5,744$3,199$1,694$864$430$106
50 years$5,565$3,056$1,593$799$391$93

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 $5,626 every year, while hoping to spend $35,770 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: 30/43/27 Blend
70$5,700,000$5,700,000$5,700,000$5,700,000
71$6,287,203$5,985,103$5,896,753$6,423,357
72$6,890,439$6,240,314$6,056,235$6,785,071
73$7,554,006$6,506,832$6,219,861$7,170,396
74$8,284,020$6,785,172$6,387,732$7,584,208
75$9,087,220$7,075,875$6,559,951$8,029,008
76$9,971,031$7,379,508$6,736,624$8,507,534
77$10,943,633$7,696,660$6,917,858$9,022,790
78$12,014,040$8,027,954$7,103,763$9,578,064
79$13,192,185$8,374,036$7,294,452$10,176,964
80$14,489,012$8,735,588$7,490,040$10,823,448
81$15,916,578$9,113,318$7,690,643$11,521,855
82$17,488,171$9,507,973$7,896,382$12,276,947
83$19,218,432$9,920,331$8,107,378$13,093,951
84$21,123,493$10,351,208$8,323,756$13,978,601
85$23,221,131$10,801,459$8,545,643$14,937,197
86$25,530,933$11,271,978$8,773,170$15,976,654
87$28,074,485$11,763,702$9,006,468$17,104,567
88$30,875,570$12,277,611$9,245,672$18,329,280
89$33,960,397$12,814,733$9,490,921$19,659,958
90$37,357,845$13,376,142$9,742,354$21,106,674
91$41,099,738$13,962,965$10,000,115$22,680,496
92$45,221,142$14,576,382$10,264,350$24,393,590
93$49,760,701$15,217,626$10,535,208$26,259,332
94$54,760,995$15,887,993$10,812,840$28,292,422
95$60,268,947$16,588,835$11,097,401$30,509,029
96$66,336,263$17,321,572$11,389,048$32,926,931
97$73,019,923$18,087,689$11,687,941$35,565,679
98$80,382,712$18,888,743$11,994,245$38,446,779
99$88,493,821$19,726,364$12,308,124$41,593,887
100$97,429,493$20,602,258$12,629,748$45,033,026