Can I retire at age 71 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$104,875$103,941$103,030$102,140$101,272$100,339
2 years$51,919$50,952$50,014$49,106$48,225$47,285
3 years$34,269$33,297$32,363$31,463$30,596$29,678
4 years$25,445$24,477$23,552$22,667$21,821$20,933
5 years$20,153$19,190$18,277$17,410$16,588$15,732
6 years$16,625$15,670$14,771$13,923$13,126$12,302
7 years$14,107$13,160$12,274$11,447$10,675$9,884
8 years$12,219$11,281$10,410$9,603$8,856$8,099
9 years$10,751$9,822$8,966$8,179$7,458$6,734
10 years$9,578$8,657$7,817$7,051$6,354$5,663
11 years$8,618$7,707$6,882$6,136$5,465$4,805
12 years$7,819$6,918$6,107$5,382$4,736$4,107
13 years$7,144$6,251$5,456$4,752$4,130$3,532
14 years$6,565$5,682$4,903$4,218$3,620$3,052
15 years$6,064$5,191$4,426$3,762$3,187$2,648
16 years$5,627$4,763$4,013$3,368$2,817$2,306
17 years$5,241$4,386$3,652$3,026$2,498$2,014
18 years$4,898$4,053$3,334$2,727$2,221$1,764
19 years$4,592$3,756$3,052$2,464$1,980$1,548
20 years$4,316$3,491$2,801$2,232$1,768$1,361
21 years$4,068$3,251$2,576$2,026$1,582$1,198
22 years$3,842$3,035$2,374$1,842$1,418$1,057
23 years$3,636$2,839$2,192$1,677$1,273$933
24 years$3,447$2,660$2,028$1,530$1,144$825
25 years$3,274$2,496$1,878$1,397$1,030$730
26 years$3,115$2,346$1,742$1,277$928$646
27 years$2,967$2,208$1,617$1,169$836$573
28 years$2,831$2,080$1,503$1,071$755$508
29 years$2,704$1,962$1,399$982$681$451
30 years$2,585$1,853$1,303$902$616$400
31 years$2,475$1,752$1,215$828$557$355
32 years$2,371$1,658$1,134$761$503$316
33 years$2,274$1,570$1,058$700$456$280
34 years$2,183$1,488$989$644$413$249
35 years$2,098$1,411$925$593$374$222
36 years$2,017$1,339$865$546$339$197
37 years$1,941$1,272$810$503$307$176
38 years$1,869$1,209$758$464$278$156
39 years$1,801$1,150$710$427$252$139
40 years$1,736$1,094$666$394$229$124
41 years$1,675$1,041$624$364$208$110
42 years$1,617$992$586$336$188$98
43 years$1,562$945$549$310$171$87
44 years$1,509$901$516$286$155$78
45 years$1,459$859$484$264$141$69
46 years$1,411$819$455$244$128$62
47 years$1,365$782$427$226$116$55
48 years$1,322$746$402$208$105$49
49 years$1,280$713$377$193$96$44
50 years$1,240$681$355$178$87$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,270,000, adding $6,238 every year, while hoping to spend $35,584 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: 26/45/29 Blend
70$1,270,000$1,270,000$1,270,000$1,270,000
71$1,405,974$1,338,664$1,318,979$1,429,699
72$1,511,523$1,366,398$1,325,304$1,477,510
73$1,626,644$1,394,298$1,330,648$1,525,336
74$1,752,278$1,422,334$1,334,941$1,575,925
75$1,889,458$1,450,476$1,338,109$1,629,538
76$2,039,321$1,478,687$1,340,073$1,686,459
77$2,203,119$1,506,931$1,340,754$1,747,006
78$2,382,233$1,535,166$1,340,065$1,811,528
79$2,578,180$1,563,348$1,337,916$1,880,414
80$2,792,631$1,591,429$1,334,213$1,954,091
81$3,027,428$1,619,358$1,328,858$2,033,032
82$3,284,598$1,647,079$1,321,746$2,117,763
83$3,566,372$1,674,531$1,312,771$2,208,860
84$3,875,210$1,701,651$1,301,817$2,306,965
85$4,213,820$1,728,370$1,288,765$2,412,786
86$4,585,182$1,754,613$1,273,492$2,527,103
87$4,992,583$1,780,301$1,255,866$2,650,782
88$5,439,639$1,805,349$1,235,750$2,784,778
89$5,930,336$1,829,665$1,213,002$2,930,147
90$6,469,064$1,853,151$1,187,470$3,088,055
91$7,060,657$1,875,705$1,159,000$3,259,794
92$7,710,443$1,897,214$1,127,425$3,446,786
93$8,424,290$1,917,559$1,092,576$3,650,605
94$9,208,662$1,936,613$1,054,271$3,872,991
95$10,070,680$1,954,242$1,012,324$4,115,863
96$11,018,190$1,970,300$966,537$4,381,343
97$12,059,835$1,984,635$916,706$4,671,773
98$13,205,139$1,997,083$862,616$4,989,741
99$14,464,592$2,007,469$804,043$5,338,103
100$15,849,755$2,015,609$740,753$5,720,013