Can I retire at age 71 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$528,506$523,798$519,205$514,722$510,345$498,818
2 years$261,637$256,764$252,041$247,463$243,021$231,470
3 years$172,692$167,798$163,088$158,552$154,183$142,968
4 years$128,228$123,349$118,686$114,228$109,964$99,172
5 years$101,557$96,707$92,105$87,738$83,593$73,254
6 years$83,782$78,969$74,435$70,165$66,144$56,269
7 years$71,090$66,318$61,856$57,686$53,793$44,383
8 years$61,576$56,847$52,458$48,392$44,627$35,678
9 years$54,180$49,495$45,182$41,219$37,582$29,089
10 years$48,267$43,628$39,391$35,531$32,022$23,975
11 years$43,432$38,839$34,679$30,923$27,540$19,928
12 years$39,405$34,860$30,777$27,123$23,865$16,677
13 years$36,001$31,503$27,497$23,946$20,811$14,033
14 years$33,086$28,636$24,706$21,256$18,243$11,861
15 years$30,561$26,159$22,306$18,957$16,062$10,062
16 years$28,354$24,000$20,224$16,974$14,196$8,562
17 years$26,409$22,104$18,403$15,251$12,587$7,304
18 years$24,682$20,425$16,800$13,744$11,192$6,245
19 years$23,139$18,929$15,379$12,419$9,976$5,349
20 years$21,752$17,590$14,114$11,248$8,910$4,589
21 years$20,498$16,384$12,982$10,208$7,974$3,941
22 years$19,360$15,294$11,965$9,282$7,147$3,389
23 years$18,322$14,304$11,048$8,453$6,416$2,917
24 years$17,373$13,402$10,217$7,709$5,767$2,513
25 years$16,500$12,577$9,463$7,041$5,189$2,166
26 years$15,696$11,821$8,777$6,438$4,674$1,869
27 years$14,953$11,125$8,150$5,893$4,214$1,613
28 years$14,264$10,483$7,577$5,399$3,803$1,392
29 years$13,624$9,889$7,051$4,951$3,434$1,203
30 years$13,028$9,339$6,567$4,544$3,103$1,039
31 years$12,471$8,829$6,123$4,173$2,805$898
32 years$11,950$8,354$5,712$3,835$2,537$776
33 years$11,461$7,911$5,334$3,527$2,296$671
34 years$11,003$7,498$4,984$3,245$2,079$580
35 years$10,571$7,112$4,659$2,987$1,883$502
36 years$10,165$6,750$4,359$2,751$1,706$434
37 years$9,781$6,411$4,080$2,535$1,546$376
38 years$9,418$6,093$3,820$2,336$1,402$325
39 years$9,075$5,794$3,579$2,154$1,271$281
40 years$8,750$5,512$3,355$1,987$1,153$243
41 years$8,441$5,247$3,146$1,833$1,046$211
42 years$8,148$4,997$2,951$1,692$949$182
43 years$7,869$4,761$2,769$1,562$861$158
44 years$7,604$4,538$2,599$1,442$782$137
45 years$7,351$4,328$2,441$1,332$710$118
46 years$7,110$4,129$2,292$1,230$645$102
47 years$6,880$3,940$2,153$1,137$585$89
48 years$6,660$3,761$2,024$1,050$532$77
49 years$6,450$3,592$1,902$971$483$66
50 years$6,249$3,431$1,788$897$438$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $6,400,000, adding $2,572 every year, while hoping to spend $37,423 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: 46/26/28 Blend
70$6,400,000$6,400,000$6,400,000$6,400,000
71$7,055,453$6,716,253$6,617,053$7,323,001
72$7,735,291$7,005,532$6,798,907$7,802,079
73$8,483,219$7,307,731$6,985,598$8,317,752
74$9,306,142$7,623,444$7,177,250$8,876,565
75$10,211,668$7,953,292$7,373,987$9,482,581
76$11,208,181$8,297,926$7,575,939$10,140,265
77$12,304,919$8,658,028$7,783,236$10,854,523
78$13,512,059$9,034,310$7,996,013$11,630,748
79$14,840,817$9,427,519$8,214,407$12,474,869
80$16,303,549$9,838,437$8,438,559$13,393,404
81$17,913,873$10,267,882$8,668,613$14,393,520
82$19,686,792$10,716,712$8,904,715$15,483,100
83$21,638,838$11,185,824$9,147,016$16,670,812
84$23,788,229$11,676,159$9,395,671$17,966,192
85$26,155,038$12,188,700$9,650,835$19,379,731
86$28,761,384$12,724,479$9,912,671$20,922,968
87$31,631,642$13,284,575$10,181,341$22,608,601
88$34,792,668$13,870,118$10,457,015$24,450,602
89$38,274,059$14,482,292$10,739,864$26,464,346
90$42,108,427$15,122,338$11,030,063$28,666,754
91$46,331,708$15,791,555$11,327,792$31,076,450
92$50,983,503$16,491,302$11,633,234$33,713,932
93$56,107,449$17,223,004$11,946,576$36,601,763
94$61,751,632$17,988,154$12,268,009$39,764,782
95$67,969,040$18,788,315$12,597,729$43,230,331
96$74,818,063$19,625,124$12,935,934$47,028,517
97$82,363,047$20,500,297$13,282,829$51,192,481
98$90,674,896$21,415,629$13,638,622$55,758,719
99$99,831,744$22,373,004$14,003,525$60,767,412
100$109,919,693$23,374,392$14,377,754$66,262,808