Can I retire at age 71 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$94,966$94,120$93,295$92,489$91,703$88,981
2 years$47,013$46,137$45,289$44,466$43,668$40,948
3 years$31,031$30,151$29,305$28,490$27,705$25,073
4 years$23,041$22,164$21,326$20,525$19,759$17,235
5 years$18,248$17,377$16,550$15,765$15,021$12,611
6 years$15,055$14,190$13,375$12,608$11,885$9,592
7 years$12,774$11,916$11,115$10,365$9,666$7,489
8 years$11,064$10,215$9,426$8,695$8,019$5,957
9 years$9,735$8,894$8,119$7,407$6,753$4,804
10 years$8,673$7,839$7,078$6,384$5,754$3,915
11 years$7,804$6,979$6,231$5,556$4,949$3,217
12 years$7,081$6,264$5,530$4,874$4,288$2,661
13 years$6,469$5,661$4,941$4,303$3,739$2,212
14 years$5,945$5,145$4,439$3,820$3,278$1,847
15 years$5,491$4,700$4,008$3,406$2,886$1,547
16 years$5,095$4,313$3,634$3,050$2,551$1,299
17 years$4,745$3,972$3,307$2,740$2,262$1,094
18 years$4,435$3,670$3,019$2,470$2,011$923
19 years$4,158$3,401$2,763$2,232$1,792$780
20 years$3,908$3,161$2,536$2,021$1,601$660
21 years$3,683$2,944$2,333$1,834$1,433$559
22 years$3,479$2,748$2,150$1,668$1,284$474
23 years$3,292$2,570$1,985$1,519$1,153$402
24 years$3,122$2,408$1,836$1,385$1,036$342
25 years$2,965$2,260$1,700$1,265$932$290
26 years$2,820$2,124$1,577$1,157$840$247
27 years$2,687$1,999$1,464$1,059$757$210
28 years$2,563$1,884$1,361$970$683$179
29 years$2,448$1,777$1,267$890$617$152
30 years$2,341$1,678$1,180$816$557$129
31 years$2,241$1,586$1,100$750$504$110
32 years$2,147$1,501$1,026$689$456$94
33 years$2,059$1,422$958$634$413$80
34 years$1,977$1,347$895$583$374$68
35 years$1,900$1,278$837$537$338$58
36 years$1,826$1,213$783$494$307$49
37 years$1,758$1,152$733$455$278$42
38 years$1,692$1,095$686$420$252$36
39 years$1,631$1,041$643$387$228$31
40 years$1,572$990$603$357$207$26
41 years$1,517$943$565$329$188$22
42 years$1,464$898$530$304$171$19
43 years$1,414$856$498$281$155$16
44 years$1,366$816$467$259$141$14
45 years$1,321$778$439$239$128$12
46 years$1,278$742$412$221$116$10
47 years$1,236$708$387$204$105$9
48 years$1,197$676$364$189$96$7
49 years$1,159$645$342$174$87$6
50 years$1,123$617$321$161$79$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,150,000, adding $3,981 every year, while hoping to spend $56,489 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: 55/17/28 Blend
70$1,150,000$1,150,000$1,150,000$1,150,000
71$1,271,406$1,210,456$1,192,631$1,331,281
72$1,340,986$1,209,665$1,172,481$1,372,220
73$1,415,769$1,206,941$1,149,762$1,410,626
74$1,496,228$1,202,131$1,124,329$1,451,318
75$1,582,879$1,195,071$1,096,029$1,494,538
76$1,676,290$1,185,588$1,064,704$1,540,551
77$1,777,086$1,173,496$1,030,186$1,589,657
78$1,885,952$1,158,600$992,300$1,642,184
79$2,003,642$1,140,695$950,865$1,698,501
80$2,130,984$1,119,560$905,690$1,759,015
81$2,268,889$1,094,962$856,575$1,824,178
82$2,418,357$1,066,657$803,312$1,894,495
83$2,580,489$1,034,383$745,682$1,970,521
84$2,756,496$997,864$683,459$2,052,877
85$2,947,708$956,809$616,405$2,142,248
86$3,155,590$910,909$544,271$2,239,395
87$3,381,754$859,837$466,797$2,345,162
88$3,627,972$803,248$383,714$2,460,483
89$3,896,194$740,776$294,738$2,586,393
90$4,188,568$672,036$199,573$2,724,040
91$4,507,454$596,619$97,911$2,874,694
92$4,855,455$514,093$0$3,039,760
93$5,235,430$424,003$0$3,223,956
94$5,650,532$325,867$0$3,457,266
95$6,104,229$219,177$0$3,712,418
96$6,600,339$103,395$0$3,991,630
97$7,143,067$0$0$4,297,348
98$7,737,042$0$0$4,636,395
99$8,387,362$0$0$5,028,884
100$9,099,640$0$0$5,458,873