Can I retire at age 71 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$503,732$499,245$494,868$490,595$486,423$479,946
2 years$249,372$244,728$240,227$235,863$231,630$225,116
3 years$164,597$159,933$155,443$151,120$146,955$140,606
4 years$122,217$117,567$113,123$108,873$104,810$98,673
5 years$96,796$92,174$87,788$83,625$79,675$73,769
6 years$79,855$75,267$70,946$66,876$63,044$57,377
7 years$67,758$63,209$58,956$54,982$51,272$45,845
8 years$58,690$54,182$49,999$46,123$42,535$37,347
9 years$51,640$47,175$43,064$39,287$35,820$30,870
10 years$46,004$41,583$37,545$33,866$30,521$25,804
11 years$41,396$37,019$33,054$29,473$26,249$21,762
12 years$37,558$33,226$29,334$25,852$22,747$18,484
13 years$34,313$30,026$26,208$22,823$19,836$15,791
14 years$31,535$27,293$23,548$20,260$17,388$13,556
15 years$29,129$24,933$21,261$18,068$15,310$11,684
16 years$27,025$22,875$19,276$16,178$13,531$10,104
17 years$25,171$21,067$17,540$14,536$11,997$8,763
18 years$23,525$19,467$16,012$13,100$10,667$7,618
19 years$22,054$18,042$14,658$11,837$9,508$6,637
20 years$20,732$16,766$13,453$10,721$8,493$5,792
21 years$19,537$15,616$12,374$9,730$7,600$5,063
22 years$18,452$14,577$11,405$8,846$6,812$4,431
23 years$17,463$13,634$10,530$8,057$6,115$3,883
24 years$16,558$12,774$9,739$7,348$5,496$3,406
25 years$15,727$11,988$9,020$6,711$4,946$2,990
26 years$14,960$11,267$8,365$6,136$4,455$2,627
27 years$14,252$10,603$7,768$5,616$4,017$2,309
28 years$13,596$9,991$7,221$5,146$3,624$2,031
29 years$12,985$9,426$6,720$4,719$3,273$1,788
30 years$12,417$8,902$6,260$4,331$2,957$1,574
31 years$11,886$8,415$5,836$3,977$2,673$1,387
32 years$11,390$7,962$5,445$3,655$2,418$1,222
33 years$10,924$7,540$5,084$3,361$2,189$1,077
34 years$10,487$7,147$4,750$3,093$1,982$949
35 years$10,076$6,778$4,441$2,847$1,795$837
36 years$9,688$6,434$4,154$2,622$1,626$738
37 years$9,322$6,111$3,888$2,416$1,474$651
38 years$8,977$5,807$3,641$2,227$1,336$575
39 years$8,650$5,522$3,412$2,053$1,212$507
40 years$8,340$5,254$3,198$1,894$1,099$448
41 years$8,046$5,001$2,998$1,747$997$395
42 years$7,766$4,763$2,813$1,613$905$349
43 years$7,501$4,538$2,639$1,489$821$308
44 years$7,248$4,326$2,477$1,374$745$272
45 years$7,007$4,125$2,326$1,269$677$240
46 years$6,777$3,935$2,185$1,172$614$212
47 years$6,558$3,755$2,053$1,083$558$187
48 years$6,348$3,585$1,929$1,001$507$165
49 years$6,148$3,423$1,813$925$460$146
50 years$5,956$3,270$1,704$855$418$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $6,100,000, adding $5,461 every year, while hoping to spend $41,243 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: 36/43/21 Blend
70$6,100,000$6,100,000$6,100,000$6,100,000
71$6,727,833$6,404,533$6,309,983$6,927,081
72$7,370,190$6,674,473$6,477,485$7,343,242
73$8,076,685$6,956,258$6,649,216$7,787,988
74$8,853,816$7,250,424$6,825,275$8,267,285
75$9,708,744$7,557,533$7,005,760$8,784,247
76$10,649,358$7,878,174$7,190,775$9,342,292
77$11,684,349$8,212,962$7,380,423$9,945,168
78$12,823,296$8,562,540$7,574,810$10,596,988
79$14,076,750$8,927,582$7,774,044$11,302,267
80$15,456,339$9,308,794$7,978,235$12,065,958
81$16,974,874$9,706,914$8,187,495$12,893,503
82$18,646,473$10,122,714$8,401,937$13,790,875
83$20,486,689$10,557,004$8,621,679$14,764,634
84$22,512,664$11,010,629$8,846,837$15,821,989
85$24,743,282$11,484,476$9,077,533$16,970,857
86$27,199,355$11,979,474$9,313,888$18,219,941
87$29,903,814$12,496,592$9,556,028$19,578,801
88$32,881,926$13,036,848$9,804,078$21,057,949
89$36,161,535$13,601,306$10,058,167$22,668,939
90$39,773,322$14,191,081$10,318,426$24,424,474
91$43,751,096$14,807,339$10,584,988$26,338,522
92$48,132,110$15,451,302$10,857,989$28,426,443
93$52,957,419$16,124,248$11,137,564$30,705,129
94$58,272,257$16,827,518$11,423,854$33,193,163
95$64,126,474$17,562,513$11,717,000$35,910,982
96$70,575,000$18,330,702$12,017,145$38,881,073
97$77,678,366$19,133,623$12,324,436$42,128,175
98$85,503,274$19,972,885$12,639,019$45,679,509
99$94,123,227$20,850,175$12,961,045$49,565,028
100$103,619,221$21,767,259$13,290,665$53,817,693