Can I retire at age 71 with 999,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$82,496$81,762$81,045$80,345$79,662$78,699
2 years$40,840$40,079$39,342$38,627$37,934$36,965
3 years$26,956$26,192$25,457$24,749$24,067$23,122
4 years$20,016$19,254$18,526$17,830$17,165$16,251
5 years$15,852$15,095$14,377$13,695$13,048$12,169
6 years$13,078$12,327$11,619$10,952$10,325$9,480
7 years$11,097$10,352$9,655$9,004$8,397$7,587
8 years$9,612$8,873$8,188$7,554$6,966$6,192
9 years$8,457$7,726$7,053$6,434$5,866$5,127
10 years$7,534$6,810$6,149$5,546$4,998$4,293
11 years$6,779$6,063$5,413$4,827$4,299$3,627
12 years$6,151$5,441$4,804$4,234$3,725$3,087
13 years$5,620$4,917$4,292$3,738$3,248$2,642
14 years$5,164$4,470$3,857$3,318$2,848$2,273
15 years$4,770$4,083$3,482$2,959$2,507$1,963
16 years$4,426$3,746$3,157$2,650$2,216$1,701
17 years$4,122$3,450$2,873$2,381$1,965$1,478
18 years$3,853$3,188$2,622$2,145$1,747$1,288
19 years$3,612$2,955$2,401$1,939$1,557$1,125
20 years$3,395$2,746$2,203$1,756$1,391$984
21 years$3,200$2,558$2,026$1,593$1,245$862
22 years$3,022$2,387$1,868$1,449$1,116$756
23 years$2,860$2,233$1,725$1,319$1,001$664
24 years$2,712$2,092$1,595$1,203$900$584
25 years$2,576$1,963$1,477$1,099$810$514
26 years$2,450$1,845$1,370$1,005$730$452
27 years$2,334$1,736$1,272$920$658$399
28 years$2,227$1,636$1,183$843$594$351
29 years$2,127$1,544$1,101$773$536$310
30 years$2,034$1,458$1,025$709$484$274
31 years$1,947$1,378$956$651$438$242
32 years$1,865$1,304$892$599$396$213
33 years$1,789$1,235$833$550$358$189
34 years$1,717$1,170$778$507$325$167
35 years$1,650$1,110$727$466$294$147
36 years$1,587$1,054$680$429$266$130
37 years$1,527$1,001$637$396$241$115
38 years$1,470$951$596$365$219$102
39 years$1,417$904$559$336$198$90
40 years$1,366$860$524$310$180$80
41 years$1,318$819$491$286$163$71
42 years$1,272$780$461$264$148$63
43 years$1,228$743$432$244$134$55
44 years$1,187$708$406$225$122$49
45 years$1,147$676$381$208$111$43
46 years$1,110$644$358$192$101$38
47 years$1,074$615$336$177$91$34
48 years$1,040$587$316$164$83$30
49 years$1,007$561$297$151$75$27
50 years$975$536$279$140$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $999,000, adding $5,418 every year, while hoping to spend $34,530 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: 65/7/28 Blend
70$999,000$999,000$999,000$999,000
71$1,106,487$1,053,540$1,038,055$1,169,888
72$1,182,609$1,068,423$1,036,090$1,228,287
73$1,265,338$1,082,879$1,032,902$1,287,777
74$1,355,312$1,096,850$1,028,414$1,352,046
75$1,453,231$1,110,273$1,022,544$1,421,570
76$1,559,869$1,123,084$1,015,207$1,496,873
77$1,676,073$1,135,213$1,006,314$1,578,531
78$1,802,779$1,146,585$995,772$1,667,181
79$1,941,014$1,157,120$983,482$1,763,527
80$2,091,912$1,166,733$969,343$1,868,343
81$2,256,718$1,175,334$953,247$1,982,485
82$2,436,804$1,182,826$935,082$2,106,895
83$2,633,682$1,189,108$914,731$2,242,615
84$2,849,012$1,194,070$892,069$2,390,792
85$3,084,628$1,197,595$866,970$2,552,692
86$3,342,544$1,199,561$839,297$2,729,711
87$3,624,981$1,199,838$808,911$2,923,389
88$3,934,384$1,198,284$775,665$3,135,425
89$4,273,445$1,194,754$739,404$3,367,692
90$4,645,130$1,189,090$699,967$3,622,257
91$5,052,704$1,181,127$657,186$3,901,398
92$5,499,764$1,170,686$610,886$4,207,627
93$5,990,272$1,157,582$560,884$4,543,716
94$6,528,593$1,141,617$506,986$4,912,722
95$7,119,532$1,122,579$448,993$5,318,013
96$7,768,386$1,100,247$386,696$5,763,306
97$8,480,986$1,074,384$319,875$6,252,699
98$9,263,759$1,044,741$248,303$6,790,710
99$10,123,783$1,011,053$171,742$7,382,321
100$11,068,855$973,042$89,941$8,033,025