Can I retire at age 71 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$96,618$95,757$94,917$94,098$93,297$92,632
2 years$47,830$46,940$46,076$45,239$44,427$43,756
3 years$31,570$30,676$29,814$28,985$28,187$27,531
4 years$23,442$22,550$21,697$20,882$20,103$19,467
5 years$18,566$17,679$16,838$16,040$15,282$14,668
6 years$15,316$14,436$13,608$12,827$12,092$11,501
7 years$12,996$12,124$11,308$10,546$9,834$9,267
8 years$11,257$10,392$9,590$8,847$8,158$7,614
9 years$9,905$9,048$8,260$7,535$6,870$6,349
10 years$8,824$7,976$7,201$6,496$5,854$5,356
11 years$7,940$7,100$6,340$5,653$5,035$4,559
12 years$7,204$6,373$5,626$4,958$4,363$3,909
13 years$6,581$5,759$5,027$4,378$3,805$3,372
14 years$6,048$5,235$4,517$3,886$3,335$2,924
15 years$5,587$4,782$4,078$3,466$2,936$2,545
16 years$5,184$4,388$3,697$3,103$2,595$2,224
17 years$4,828$4,041$3,364$2,788$2,301$1,949
18 years$4,512$3,734$3,071$2,513$2,046$1,713
19 years$4,230$3,461$2,812$2,270$1,824$1,508
20 years$3,976$3,216$2,580$2,056$1,629$1,331
21 years$3,747$2,995$2,373$1,866$1,458$1,176
22 years$3,539$2,796$2,187$1,697$1,307$1,041
23 years$3,350$2,615$2,020$1,545$1,173$923
24 years$3,176$2,450$1,868$1,409$1,054$819
25 years$3,016$2,299$1,730$1,287$949$727
26 years$2,869$2,161$1,605$1,177$855$647
27 years$2,734$2,034$1,490$1,077$770$575
28 years$2,608$1,916$1,385$987$695$512
29 years$2,491$1,808$1,289$905$628$456
30 years$2,382$1,707$1,201$831$567$407
31 years$2,280$1,614$1,119$763$513$363
32 years$2,185$1,527$1,044$701$464$324
33 years$2,095$1,446$975$645$420$289
34 years$2,011$1,371$911$593$380$258
35 years$1,933$1,300$852$546$344$230
36 years$1,858$1,234$797$503$312$206
37 years$1,788$1,172$746$463$283$184
38 years$1,722$1,114$698$427$256$164
39 years$1,659$1,059$654$394$232$147
40 years$1,600$1,008$613$363$211$131
41 years$1,543$959$575$335$191$117
42 years$1,490$914$539$309$174$105
43 years$1,439$870$506$286$157$94
44 years$1,390$830$475$264$143$84
45 years$1,344$791$446$243$130$75
46 years$1,300$755$419$225$118$67
47 years$1,258$720$394$208$107$60
48 years$1,218$688$370$192$97$54
49 years$1,179$657$348$177$88$48
50 years$1,142$627$327$164$80$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,170,000, adding $3,875 every year, while hoping to spend $52,995 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: 50/42/8 Blend
70$1,170,000$1,170,000$1,170,000$1,170,000
71$1,293,337$1,231,327$1,213,192$1,355,137
72$1,368,871$1,235,276$1,197,448$1,401,678
73$1,450,334$1,237,642$1,179,400$1,446,246
74$1,538,273$1,238,292$1,158,915$1,493,429
75$1,633,293$1,237,084$1,135,854$1,543,487
76$1,736,055$1,233,867$1,110,072$1,596,704
77$1,847,288$1,228,482$1,081,415$1,653,401
78$1,967,792$1,220,759$1,049,723$1,713,930
79$2,098,449$1,210,518$1,014,831$1,778,684
80$2,240,226$1,197,569$976,563$1,848,098
81$2,394,188$1,181,708$934,737$1,922,654
82$2,561,506$1,162,723$889,161$2,002,888
83$2,743,468$1,140,385$839,637$2,089,393
84$2,941,493$1,114,454$785,955$2,182,827
85$3,157,138$1,084,676$727,898$2,283,919
86$3,392,121$1,050,780$665,238$2,393,478
87$3,648,331$1,012,482$597,737$2,512,398
88$3,927,846$969,479$525,146$2,641,673
89$4,232,954$921,451$447,206$2,782,400
90$4,566,174$868,060$363,646$2,935,796
91$4,930,278$808,950$274,182$3,103,208
92$5,328,319$743,741$178,520$3,286,127
93$5,763,657$672,034$76,350$3,486,203
94$6,239,993$593,406$0$3,705,264
95$6,761,401$507,412$0$3,948,119
96$7,332,369$413,580$0$4,221,351
97$7,957,836$311,411$0$4,520,938
98$8,643,244$200,379$0$4,849,647
99$9,394,585$79,928$0$5,210,534
100$10,218,460$0$0$5,606,978