Can I retire at age 71 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$104,050$103,123$102,219$101,336$100,474$99,466
2 years$51,510$50,550$49,621$48,719$47,845$46,830
3 years$33,999$33,035$32,108$31,215$30,355$29,364
4 years$25,245$24,284$23,366$22,489$21,649$20,690
5 years$19,994$19,039$18,133$17,273$16,457$15,533
6 years$16,495$15,547$14,654$13,814$13,022$12,134
7 years$13,996$13,056$12,178$11,357$10,591$9,738
8 years$12,123$11,192$10,328$9,527$8,786$7,970
9 years$10,667$9,744$8,895$8,115$7,399$6,619
10 years$9,502$8,589$7,755$6,995$6,304$5,559
11 years$8,551$7,646$6,827$6,088$5,422$4,712
12 years$7,758$6,863$6,059$5,340$4,699$4,022
13 years$7,088$6,202$5,414$4,714$4,097$3,454
14 years$6,514$5,638$4,864$4,185$3,592$2,981
15 years$6,017$5,150$4,392$3,732$3,162$2,583
16 years$5,582$4,725$3,982$3,342$2,795$2,246
17 years$5,199$4,352$3,623$3,003$2,478$1,959
18 years$4,859$4,021$3,307$2,706$2,203$1,713
19 years$4,555$3,727$3,028$2,445$1,964$1,501
20 years$4,282$3,463$2,779$2,214$1,754$1,318
21 years$4,036$3,226$2,556$2,010$1,570$1,159
22 years$3,811$3,011$2,356$1,827$1,407$1,020
23 years$3,607$2,816$2,175$1,664$1,263$900
24 years$3,420$2,639$2,012$1,518$1,135$794
25 years$3,248$2,476$1,863$1,386$1,022$701
26 years$3,090$2,327$1,728$1,267$920$620
27 years$2,944$2,190$1,605$1,160$830$549
28 years$2,808$2,064$1,492$1,063$749$486
29 years$2,682$1,947$1,388$975$676$430
30 years$2,565$1,839$1,293$895$611$381
31 years$2,455$1,738$1,205$822$552$338
32 years$2,353$1,645$1,125$755$500$300
33 years$2,256$1,558$1,050$694$452$266
34 years$2,166$1,476$981$639$409$236
35 years$2,081$1,400$917$588$371$210
36 years$2,001$1,329$858$542$336$186
37 years$1,926$1,262$803$499$304$165
38 years$1,854$1,200$752$460$276$147
39 years$1,787$1,141$705$424$250$131
40 years$1,723$1,085$660$391$227$116
41 years$1,662$1,033$619$361$206$103
42 years$1,604$984$581$333$187$92
43 years$1,549$937$545$307$170$81
44 years$1,497$894$512$284$154$72
45 years$1,447$852$480$262$140$64
46 years$1,400$813$451$242$127$57
47 years$1,355$776$424$224$115$51
48 years$1,311$740$398$207$105$45
49 years$1,270$707$374$191$95$40
50 years$1,230$675$352$177$86$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,260,000, adding $4,914 every year, while hoping to spend $23,929 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: 55/33/12 Blend
70$1,260,000$1,260,000$1,260,000$1,260,000
71$1,393,589$1,326,809$1,307,279$1,465,698
72$1,510,275$1,366,362$1,325,612$1,554,716
73$1,638,060$1,407,052$1,343,758$1,648,564
74$1,778,053$1,448,908$1,361,684$1,750,189
75$1,931,471$1,491,961$1,379,358$1,860,337
76$2,099,659$1,536,244$1,396,743$1,979,828
77$2,284,093$1,581,789$1,413,803$2,109,565
78$2,486,403$1,628,629$1,430,498$2,250,541
79$2,708,382$1,676,799$1,446,787$2,403,852
80$2,952,007$1,726,332$1,462,624$2,570,700
81$3,219,454$1,777,264$1,477,964$2,752,412
82$3,513,120$1,829,632$1,492,758$2,950,447
83$3,835,647$1,883,473$1,506,953$3,166,412
84$4,189,943$1,938,823$1,520,497$3,402,077
85$4,579,214$1,995,722$1,533,330$3,659,391
86$5,006,990$2,054,209$1,545,393$3,940,500
87$5,477,162$2,114,323$1,556,622$4,247,768
88$5,994,014$2,176,106$1,566,950$4,583,798
89$6,562,267$2,239,600$1,576,307$4,951,457
90$7,187,123$2,304,845$1,584,618$5,353,903
91$7,874,314$2,371,886$1,591,807$5,794,615
92$8,630,151$2,440,767$1,597,790$6,277,425
93$9,461,593$2,511,531$1,602,483$6,806,554
94$10,376,304$2,584,224$1,605,794$7,386,652
95$11,382,729$2,658,893$1,607,630$8,022,843
96$12,490,172$2,735,584$1,607,890$8,720,770
97$13,708,887$2,814,344$1,606,471$9,486,650
98$15,050,168$2,895,222$1,603,264$10,327,333
99$16,526,465$2,978,267$1,598,152$11,250,367
100$18,151,490$3,063,528$1,591,016$12,264,066