Can I retire at age 71 with 1,130,000?

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 $1,130,000?

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$93,314$92,483$91,672$90,881$90,108$88,073
2 years$46,195$45,335$44,501$43,693$42,908$40,869
3 years$30,491$29,627$28,795$27,994$27,223$25,243
4 years$22,640$21,779$20,955$20,168$19,416$17,510
5 years$17,931$17,075$16,262$15,491$14,759$12,934
6 years$14,793$13,943$13,142$12,388$11,679$9,935
7 years$12,552$11,709$10,921$10,185$9,498$7,836
8 years$10,872$10,037$9,262$8,544$7,879$6,299
9 years$9,566$8,739$7,978$7,278$6,636$5,136
10 years$8,522$7,703$6,955$6,273$5,654$4,233
11 years$7,668$6,858$6,123$5,460$4,862$3,519
12 years$6,957$6,155$5,434$4,789$4,214$2,945
13 years$6,356$5,562$4,855$4,228$3,674$2,478
14 years$5,842$5,056$4,362$3,753$3,221$2,094
15 years$5,396$4,619$3,938$3,347$2,836$1,777
16 years$5,006$4,238$3,571$2,997$2,506$1,512
17 years$4,663$3,903$3,249$2,693$2,222$1,290
18 years$4,358$3,606$2,966$2,427$1,976$1,103
19 years$4,085$3,342$2,715$2,193$1,761$944
20 years$3,841$3,106$2,492$1,986$1,573$810
21 years$3,619$2,893$2,292$1,802$1,408$696
22 years$3,418$2,700$2,113$1,639$1,262$598
23 years$3,235$2,526$1,951$1,492$1,133$515
24 years$3,067$2,366$1,804$1,361$1,018$444
25 years$2,913$2,221$1,671$1,243$916$382
26 years$2,771$2,087$1,550$1,137$825$330
27 years$2,640$1,964$1,439$1,040$744$285
28 years$2,519$1,851$1,338$953$671$246
29 years$2,405$1,746$1,245$874$606$212
30 years$2,300$1,649$1,160$802$548$183
31 years$2,202$1,559$1,081$737$495$159
32 years$2,110$1,475$1,009$677$448$137
33 years$2,024$1,397$942$623$405$119
34 years$1,943$1,324$880$573$367$102
35 years$1,866$1,256$823$527$332$89
36 years$1,795$1,192$770$486$301$77
37 years$1,727$1,132$720$448$273$66
38 years$1,663$1,076$675$413$248$57
39 years$1,602$1,023$632$380$224$50
40 years$1,545$973$592$351$204$43
41 years$1,490$926$555$324$185$37
42 years$1,439$882$521$299$168$32
43 years$1,389$841$489$276$152$28
44 years$1,343$801$459$255$138$24
45 years$1,298$764$431$235$125$21
46 years$1,255$729$405$217$114$18
47 years$1,215$696$380$201$103$16
48 years$1,176$664$357$185$94$14
49 years$1,139$634$336$171$85$12
50 years$1,103$606$316$158$77$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,130,000, adding $3,659 every year, while hoping to spend $36,854 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: 84/9/7 Blend
70$1,130,000$1,130,000$1,130,000$1,130,000
71$1,249,034$1,189,144$1,171,629$1,352,886
72$1,337,223$1,208,200$1,171,666$1,440,296
73$1,433,173$1,226,954$1,170,470$1,530,912
74$1,537,635$1,245,353$1,167,959$1,629,284
75$1,651,437$1,263,340$1,164,050$1,736,166
76$1,775,492$1,280,852$1,158,654$1,852,389
77$1,910,803$1,297,824$1,151,679$1,978,870
78$2,058,473$1,314,185$1,143,028$2,116,617
79$2,219,717$1,329,860$1,132,599$2,266,741
80$2,395,873$1,344,768$1,120,286$2,430,464
81$2,588,414$1,358,824$1,105,978$2,609,134
82$2,798,962$1,371,936$1,089,558$2,804,234
83$3,029,301$1,384,006$1,070,903$3,017,400
84$3,281,397$1,394,930$1,049,886$3,250,432
85$3,557,416$1,404,597$1,026,373$3,505,314
86$3,859,739$1,412,889$1,000,223$3,784,230
87$4,190,992$1,419,681$971,291$4,089,590
88$4,554,067$1,424,838$939,422$4,424,044
89$4,952,146$1,428,220$904,458$4,790,515
90$5,388,737$1,429,675$866,229$5,192,223
91$5,867,701$1,429,042$824,561$5,632,717
92$6,393,294$1,426,151$779,270$6,115,903
93$6,970,199$1,420,823$730,165$6,646,090
94$7,603,580$1,412,864$677,046$7,228,023
95$8,299,122$1,402,071$619,704$7,866,930
96$9,063,089$1,388,228$557,921$8,568,576
97$9,902,380$1,371,108$491,467$9,339,307
98$10,824,597$1,350,466$420,105$10,186,121
99$11,838,113$1,326,046$343,586$11,116,727
100$12,952,154$1,297,576$261,650$12,139,621