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%18%
1 years$470,701$466,508$462,417$458,425$454,526$439,800
2 years$233,020$228,680$224,474$220,396$216,441$201,743
3 years$153,804$149,445$145,250$141,210$137,319$123,111
4 years$114,203$109,858$105,705$101,734$97,937$84,327
5 years$90,449$86,130$82,031$78,141$74,450$61,474
6 years$74,618$70,332$66,293$62,490$58,910$46,579
7 years$63,315$59,064$55,090$51,377$47,910$36,223
8 years$54,841$50,629$46,721$43,099$39,746$28,694
9 years$48,254$44,082$40,241$36,711$33,472$23,043
10 years$42,987$38,856$35,083$31,645$28,519$18,698
11 years$38,681$34,591$30,886$27,540$24,528$15,295
12 years$35,095$31,047$27,411$24,157$21,255$12,591
13 years$32,063$28,058$24,490$21,327$18,535$10,417
14 years$29,467$25,504$22,004$18,931$16,248$8,654
15 years$27,218$23,298$19,867$16,884$14,306$7,214
16 years$25,253$21,375$18,012$15,117$12,643$6,030
17 years$23,521$19,686$16,390$13,583$11,210$5,051
18 years$21,983$18,191$14,962$12,241$9,968$4,239
19 years$20,608$16,859$13,697$11,061$8,885$3,564
20 years$19,372$15,666$12,571$10,018$7,936$2,999
21 years$18,256$14,592$11,563$9,092$7,102$2,527
22 years$17,242$13,621$10,657$8,266$6,366$2,131
23 years$16,318$12,740$9,840$7,528$5,714$1,799
24 years$15,472$11,936$9,100$6,866$5,136$1,519
25 years$14,695$11,202$8,428$6,271$4,622$1,284
26 years$13,979$10,528$7,817$5,734$4,163$1,085
27 years$13,318$9,908$7,259$5,248$3,753$918
28 years$12,704$9,336$6,748$4,808$3,387$776
29 years$12,134$8,808$6,279$4,409$3,058$657
30 years$11,603$8,318$5,849$4,047$2,763$556
31 years$11,107$7,863$5,453$3,717$2,498$471
32 years$10,643$7,440$5,088$3,416$2,260$399
33 years$10,208$7,046$4,750$3,141$2,045$337
34 years$9,799$6,678$4,438$2,890$1,852$286
35 years$9,415$6,334$4,150$2,660$1,677$242
36 years$9,053$6,012$3,882$2,450$1,520$205
37 years$8,711$5,710$3,633$2,257$1,377$174
38 years$8,388$5,426$3,403$2,081$1,249$147
39 years$8,082$5,160$3,188$1,919$1,132$125
40 years$7,793$4,909$2,988$1,770$1,027$106
41 years$7,518$4,673$2,802$1,633$932$90
42 years$7,257$4,451$2,628$1,507$845$76
43 years$7,009$4,241$2,466$1,391$767$64
44 years$6,772$4,042$2,315$1,284$696$54
45 years$6,547$3,855$2,174$1,186$632$46
46 years$6,333$3,677$2,042$1,096$574$39
47 years$6,128$3,509$1,918$1,012$521$33
48 years$5,932$3,350$1,802$935$473$28
49 years$5,744$3,199$1,694$864$430$24
50 years$5,565$3,056$1,593$799$391$20

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 $6,811 every year, while hoping to spend $25,479 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: 47/35/18 Blend
70$5,700,000$5,700,000$5,700,000$5,700,000
71$6,288,426$5,986,326$5,897,976$6,551,607
72$6,902,735$6,252,546$6,068,448$7,001,667
73$7,578,851$6,530,957$6,243,778$7,486,750
74$8,323,050$6,822,130$6,424,100$8,012,712
75$9,142,248$7,126,662$6,609,555$8,583,381
76$10,044,067$7,445,178$6,800,285$9,202,961
77$11,036,905$7,778,335$6,996,437$9,876,069
78$12,130,015$8,126,819$7,198,164$10,607,779
79$13,333,594$8,491,351$7,405,620$11,403,664
80$14,658,878$8,872,683$7,618,965$12,269,852
81$16,118,245$9,271,607$7,838,362$13,213,074
82$17,725,339$9,688,949$8,063,980$14,240,731
83$19,495,192$10,125,576$8,295,992$15,360,960
84$21,444,369$10,582,397$8,534,575$16,582,708
85$23,591,124$11,060,362$8,779,912$17,915,811
86$25,955,569$11,560,471$9,032,190$19,371,089
87$28,559,869$12,083,766$9,291,600$20,960,440
88$31,428,448$12,631,343$9,558,342$22,696,953
89$34,588,220$13,204,349$9,832,616$24,595,027
90$38,068,841$13,803,985$10,114,631$26,670,503
91$41,902,994$14,431,511$10,404,602$28,940,810
92$46,126,690$15,088,246$10,702,748$31,425,125
93$50,779,616$15,775,574$11,009,293$34,144,553
94$55,905,503$16,494,942$11,324,470$37,122,320
95$61,552,540$17,247,871$11,648,516$40,383,986
96$67,773,832$18,035,950$11,981,675$43,957,687
97$74,627,899$18,860,847$12,324,196$47,874,391
98$82,179,226$19,724,310$12,676,339$52,168,186
99$90,498,876$20,628,170$13,038,365$56,876,602
100$99,665,157$21,574,346$13,410,546$62,040,951