Can I retire at age 71 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$94,140$93,302$92,483$91,685$90,905$89,732
2 years$46,604$45,736$44,895$44,079$43,288$42,108
3 years$30,761$29,889$29,050$28,242$27,464$26,313
4 years$22,841$21,972$21,141$20,347$19,587$18,475
5 years$18,090$17,226$16,406$15,628$14,890$13,820
6 years$14,924$14,066$13,259$12,498$11,782$10,754
7 years$12,663$11,813$11,018$10,275$9,582$8,598
8 years$10,968$10,126$9,344$8,620$7,949$7,008
9 years$9,651$8,816$8,048$7,342$6,694$5,796
10 years$8,597$7,771$7,017$6,329$5,704$4,848
11 years$7,736$6,918$6,177$5,508$4,906$4,091
12 years$7,019$6,209$5,482$4,831$4,251$3,477
13 years$6,413$5,612$4,898$4,265$3,707$2,972
14 years$5,893$5,101$4,401$3,786$3,250$2,553
15 years$5,444$4,660$3,973$3,377$2,861$2,202
16 years$5,051$4,275$3,602$3,023$2,529$1,906
17 years$4,704$3,937$3,278$2,717$2,242$1,654
18 years$4,397$3,638$2,992$2,448$1,994$1,439
19 years$4,122$3,372$2,739$2,212$1,777$1,254
20 years$3,874$3,133$2,514$2,004$1,587$1,096
21 years$3,651$2,918$2,313$1,818$1,420$958
22 years$3,448$2,724$2,131$1,653$1,273$839
23 years$3,264$2,548$1,968$1,506$1,143$736
24 years$3,094$2,387$1,820$1,373$1,027$646
25 years$2,939$2,240$1,686$1,254$924$568
26 years$2,796$2,106$1,563$1,147$833$499
27 years$2,664$1,982$1,452$1,050$751$439
28 years$2,541$1,867$1,350$962$677$387
29 years$2,427$1,762$1,256$882$612$341
30 years$2,321$1,664$1,170$809$553$300
31 years$2,221$1,573$1,091$743$500$265
32 years$2,129$1,488$1,018$683$452$233
33 years$2,042$1,409$950$628$409$206
34 years$1,960$1,336$888$578$370$182
35 years$1,883$1,267$830$532$335$160
36 years$1,811$1,202$776$490$304$142
37 years$1,742$1,142$727$451$275$125
38 years$1,678$1,085$681$416$250$110
39 years$1,616$1,032$638$384$226$97
40 years$1,559$982$598$354$205$86
41 years$1,504$935$560$327$186$76
42 years$1,451$890$526$301$169$67
43 years$1,402$848$493$278$153$59
44 years$1,354$808$463$257$139$52
45 years$1,309$771$435$237$126$46
46 years$1,267$735$408$219$115$41
47 years$1,226$702$384$202$104$36
48 years$1,186$670$360$187$95$32
49 years$1,149$640$339$173$86$28
50 years$1,113$611$319$160$78$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,140,000, adding $3,249 every year, while hoping to spend $49,456 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: 78/16/6 Blend
70$1,140,000$1,140,000$1,140,000$1,140,000
71$1,259,631$1,199,211$1,181,541$1,356,972
72$1,335,493$1,205,352$1,168,502$1,427,406
73$1,417,435$1,210,136$1,153,369$1,497,853
74$1,506,025$1,213,444$1,136,018$1,573,634
75$1,601,888$1,215,151$1,116,323$1,655,257
76$1,705,710$1,215,123$1,094,149$1,743,280
77$1,818,245$1,213,216$1,069,356$1,838,321
78$1,940,322$1,209,281$1,041,796$1,941,058
79$2,072,856$1,203,156$1,011,317$2,052,239
80$2,216,848$1,194,672$977,757$2,172,688
81$2,373,403$1,183,647$940,948$2,303,314
82$2,543,736$1,169,892$900,715$2,445,117
83$2,729,182$1,153,201$856,875$2,599,201
84$2,931,212$1,133,362$809,234$2,766,783
85$3,151,444$1,110,145$757,592$2,949,202
86$3,391,660$1,083,311$701,739$3,147,936
87$3,653,818$1,052,602$641,457$3,364,613
88$3,940,078$1,017,749$576,515$3,601,030
89$4,252,813$978,466$506,676$3,859,164
90$4,594,639$934,450$431,688$4,141,197
91$4,968,434$885,381$351,292$4,449,535
92$5,377,369$830,918$265,215$4,786,827
93$5,824,933$770,706$173,171$5,155,997
94$6,314,969$704,363$74,866$5,560,265
95$6,851,709$631,490$0$6,003,184
96$7,439,814$551,664$0$6,490,593
97$8,084,416$464,437$0$7,030,123
98$8,791,169$369,337$0$7,621,756
99$9,566,299$265,864$0$8,270,761
100$10,416,661$153,492$0$8,982,944