Can I retire at age 71 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$520,248$515,614$511,093$506,680$502,371$498,787
2 years$257,549$252,752$248,103$243,596$239,224$235,610
3 years$169,994$165,176$160,539$156,074$151,774$148,242
4 years$126,225$121,422$116,831$112,443$108,246$104,823
5 years$99,970$95,196$90,666$86,367$82,287$78,983
6 years$82,473$77,735$73,272$69,068$65,111$61,931
7 years$69,980$65,282$60,889$56,785$52,953$49,897
8 years$60,614$55,958$51,639$47,635$43,929$40,999
9 years$53,333$48,722$44,476$40,575$36,995$34,189
10 years$47,512$42,946$38,776$34,976$31,521$28,838
11 years$42,753$38,232$34,137$30,439$27,110$24,547
12 years$38,789$34,315$30,296$26,700$23,493$21,048
13 years$35,438$31,011$27,068$23,572$20,486$18,158
14 years$32,569$28,188$24,320$20,924$17,958$15,743
15 years$30,084$25,750$21,958$18,661$15,812$13,706
16 years$27,911$23,625$19,908$16,709$13,974$11,976
17 years$25,997$21,758$18,116$15,013$12,391$10,496
18 years$24,297$20,106$16,537$13,529$11,017$9,223
19 years$22,777$18,634$15,139$12,225$9,820$8,122
20 years$21,412$17,315$13,894$11,072$8,771$7,167
21 years$20,178$16,128$12,780$10,049$7,849$6,335
22 years$19,057$15,055$11,778$9,136$7,036$5,608
23 years$18,036$14,081$10,875$8,321$6,316$4,970
24 years$17,101$13,193$10,058$7,589$5,677$4,410
25 years$16,242$12,381$9,316$6,931$5,108$3,917
26 years$15,451$11,636$8,640$6,337$4,601$3,482
27 years$14,719$10,951$8,023$5,801$4,148$3,098
28 years$14,041$10,319$7,458$5,315$3,743$2,758
29 years$13,411$9,735$6,940$4,874$3,380$2,457
30 years$12,824$9,193$6,465$4,473$3,054$2,190
31 years$12,276$8,691$6,027$4,108$2,761$1,953
32 years$11,763$8,223$5,623$3,775$2,498$1,743
33 years$11,282$7,788$5,250$3,472$2,260$1,555
34 years$10,831$7,381$4,906$3,194$2,047$1,388
35 years$10,406$7,001$4,586$2,940$1,854$1,240
36 years$10,006$6,645$4,291$2,708$1,679$1,108
37 years$9,628$6,311$4,016$2,495$1,522$990
38 years$9,271$5,998$3,761$2,300$1,380$884
39 years$8,933$5,703$3,523$2,121$1,251$790
40 years$8,613$5,426$3,302$1,956$1,135$707
41 years$8,309$5,165$3,097$1,805$1,030$632
42 years$8,021$4,919$2,905$1,665$934$565
43 years$7,746$4,687$2,726$1,537$848$505
44 years$7,485$4,468$2,559$1,419$770$452
45 years$7,236$4,260$2,402$1,311$699$404
46 years$6,999$4,064$2,256$1,211$634$362
47 years$6,773$3,878$2,120$1,119$576$324
48 years$6,556$3,702$1,992$1,034$523$290
49 years$6,349$3,536$1,872$955$475$259
50 years$6,151$3,377$1,760$883$432$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $6,300,000, adding $6,669 every year, while hoping to spend $32,114 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: 47/23/30 Blend
70$6,300,000$6,300,000$6,300,000$6,300,000
71$6,949,479$6,615,579$6,517,929$7,215,961
72$7,624,157$6,905,573$6,702,111$7,695,319
73$8,366,576$7,208,701$6,891,386$8,211,743
74$9,183,611$7,525,572$7,085,892$8,771,753
75$10,082,838$7,856,824$7,285,768$9,379,471
76$11,072,606$8,203,126$7,491,160$10,039,427
77$12,162,111$8,565,179$7,702,213$10,756,599
78$13,361,489$8,943,715$7,919,080$11,536,461
79$14,681,907$9,339,504$8,141,915$12,385,030
80$16,135,670$9,753,348$8,370,878$13,308,923
81$17,736,338$10,186,091$8,606,132$14,315,417
82$19,498,850$10,638,616$8,847,843$15,412,515
83$21,439,672$11,111,847$9,096,185$16,609,020
84$23,576,943$11,606,753$9,351,332$17,914,617
85$25,930,655$12,124,347$9,613,465$19,339,961
86$28,522,834$12,665,693$9,882,769$20,896,774
87$31,377,754$13,231,902$10,159,432$22,597,955
88$34,522,162$13,824,143$10,443,650$24,457,700
89$37,985,532$14,443,635$10,735,622$26,491,631
90$41,800,342$15,091,659$11,035,551$28,716,942
91$46,002,381$15,769,554$11,343,646$31,152,557
92$50,631,088$16,478,727$11,660,123$33,819,310
93$55,729,922$17,220,648$11,985,200$36,740,132
94$61,346,773$17,996,858$12,319,103$39,940,269
95$67,534,413$18,808,973$12,662,062$43,447,517
96$74,350,996$19,658,685$13,014,313$47,292,475
97$81,860,604$20,547,768$13,376,100$51,508,840
98$90,133,856$21,478,078$13,747,669$56,133,710
99$99,248,568$22,451,563$14,129,275$61,207,941
100$109,290,494$23,470,262$14,521,178$66,776,520