Can I retire at age 71 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$487,216$482,877$478,642$474,510$470,474$455,962
2 years$241,196$236,704$232,351$228,130$224,035$209,541
3 years$159,200$154,689$150,346$146,165$142,137$128,116
4 years$118,210$113,713$109,414$105,304$101,373$87,933
5 years$93,623$89,152$84,909$80,883$77,063$64,238
6 years$77,236$72,799$68,619$64,683$60,977$48,780
7 years$65,536$61,137$57,023$53,179$49,591$38,021
8 years$56,765$52,406$48,360$44,611$41,140$30,190
9 years$49,947$45,628$41,653$37,999$34,646$24,304
10 years$44,496$40,219$36,314$32,755$29,520$19,770
11 years$40,038$35,805$31,970$28,507$25,388$16,214
12 years$36,327$32,136$28,373$25,004$22,001$13,382
13 years$33,188$29,042$25,349$22,075$19,185$11,103
14 years$30,501$26,398$22,776$19,596$16,818$9,249
15 years$28,174$24,115$20,564$17,476$14,808$7,732
16 years$26,139$22,125$18,644$15,648$13,087$6,481
17 years$24,346$20,377$16,965$14,059$11,604$5,445
18 years$22,754$18,829$15,487$12,670$10,318$4,584
19 years$21,331$17,450$14,178$11,449$9,196$3,865
20 years$20,052$16,216$13,012$10,369$8,214$3,263
21 years$18,897$15,104$11,968$9,411$7,351$2,758
22 years$17,847$14,099$11,031$8,556$6,589$2,333
23 years$16,891$13,187$10,185$7,792$5,915$1,975
24 years$16,015$12,355$9,419$7,107$5,316$1,674
25 years$15,211$11,595$8,724$6,491$4,784$1,419
26 years$14,470$10,897$8,091$5,935$4,309$1,203
27 years$13,785$10,256$7,513$5,432$3,885$1,021
28 years$13,150$9,664$6,985$4,977$3,506$866
29 years$12,560$9,117$6,500$4,564$3,165$736
30 years$12,010$8,610$6,054$4,189$2,860$625
31 years$11,497$8,139$5,644$3,847$2,586$530
32 years$11,016$7,701$5,266$3,535$2,339$451
33 years$10,566$7,293$4,917$3,251$2,117$383
34 years$10,143$6,912$4,594$2,991$1,917$325
35 years$9,745$6,556$4,295$2,754$1,736$276
36 years$9,371$6,223$4,018$2,536$1,573$235
37 years$9,017$5,910$3,761$2,337$1,426$200
38 years$8,682$5,617$3,522$2,154$1,292$170
39 years$8,366$5,341$3,300$1,986$1,172$144
40 years$8,066$5,082$3,093$1,832$1,063$123
41 years$7,782$4,837$2,900$1,690$964$104
42 years$7,512$4,607$2,720$1,560$875$89
43 years$7,255$4,389$2,553$1,440$794$75
44 years$7,010$4,184$2,396$1,329$721$64
45 years$6,777$3,990$2,250$1,228$654$55
46 years$6,555$3,806$2,113$1,134$594$46
47 years$6,343$3,632$1,985$1,048$540$39
48 years$6,140$3,467$1,866$968$490$34
49 years$5,946$3,311$1,754$895$445$28
50 years$5,760$3,163$1,649$827$404$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $5,900,000, adding $2,715 every year, while hoping to spend $48,510 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: 61/32/7 Blend
70$5,900,000$5,900,000$5,900,000$5,900,000
71$6,504,601$6,191,901$6,100,451$6,892,132
72$7,116,456$6,443,689$6,253,201$7,403,371
73$7,789,094$6,706,190$6,409,443$7,955,082
74$8,528,664$6,979,876$6,569,243$8,555,802
75$9,341,941$7,265,243$6,732,665$9,210,257
76$10,236,387$7,562,809$6,899,778$9,923,641
77$11,220,227$7,873,114$7,070,649$10,701,670
78$12,302,519$8,196,726$7,245,345$11,550,630
79$13,493,247$8,534,237$7,423,935$12,477,434
80$14,803,410$8,886,265$7,606,488$13,489,689
81$16,245,125$9,253,459$7,793,072$14,595,764
82$17,831,745$9,636,497$7,983,758$15,804,868
83$19,577,984$10,036,086$8,178,615$17,127,134
84$21,500,053$10,452,968$8,377,712$18,573,713
85$23,615,813$10,887,919$8,581,121$20,156,878
86$25,944,948$11,341,749$8,788,910$21,890,139
87$28,509,145$11,815,307$9,001,151$23,788,363
88$31,332,301$12,309,480$9,217,912$25,867,918
89$34,440,748$12,825,197$9,439,265$28,146,823
90$37,863,502$13,363,430$9,665,279$30,644,912
91$41,632,536$13,925,194$9,896,022$33,384,027
92$45,783,081$14,511,555$10,131,565$36,388,211
93$50,353,958$15,123,623$10,371,975$39,683,940
94$55,387,946$15,762,565$10,617,320$43,300,367
95$60,932,184$16,429,599$10,867,668$47,269,594
96$67,038,616$17,125,998$11,123,084$51,626,972
97$73,764,482$17,853,099$11,383,635$56,411,431
98$81,172,856$18,612,298$11,649,383$61,665,845
99$89,333,242$19,405,056$11,920,393$67,437,431
100$98,322,232$20,232,903$12,196,725$73,778,194