Can I retire at age 71 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$108,179$107,215$106,275$105,357$104,461$100,996
2 years$53,554$52,556$51,590$50,653$49,743$46,286
3 years$35,348$34,346$33,382$32,454$31,559$28,218
4 years$26,247$25,248$24,294$23,381$22,508$19,309
5 years$20,787$19,795$18,853$17,959$17,110$14,061
6 years$17,149$16,164$15,236$14,362$13,539$10,643
7 years$14,551$13,574$12,661$11,808$11,011$8,267
8 years$12,604$11,636$10,738$9,905$9,135$6,541
9 years$11,090$10,131$9,248$8,437$7,693$5,246
10 years$9,880$8,930$8,063$7,273$6,554$4,252
11 years$8,890$7,950$7,098$6,329$5,637$3,473
12 years$8,066$7,135$6,300$5,552$4,885$2,855
13 years$7,369$6,448$5,628$4,901$4,260$2,359
14 years$6,772$5,861$5,057$4,351$3,734$1,957
15 years$6,255$5,354$4,566$3,880$3,288$1,629
16 years$5,804$4,913$4,140$3,474$2,906$1,360
17 years$5,406$4,524$3,767$3,122$2,576$1,138
18 years$5,052$4,181$3,439$2,813$2,291$953
19 years$4,736$3,875$3,148$2,542$2,042$800
20 years$4,452$3,600$2,889$2,302$1,824$672
21 years$4,196$3,354$2,657$2,089$1,632$566
22 years$3,963$3,131$2,449$1,900$1,463$476
23 years$3,750$2,928$2,261$1,730$1,313$401
24 years$3,556$2,743$2,091$1,578$1,180$338
25 years$3,377$2,574$1,937$1,441$1,062$286
26 years$3,213$2,420$1,797$1,318$957$241
27 years$3,061$2,277$1,668$1,206$863$203
28 years$2,920$2,146$1,551$1,105$778$172
29 years$2,789$2,024$1,443$1,013$703$145
30 years$2,667$1,912$1,344$930$635$123
31 years$2,553$1,807$1,253$854$574$104
32 years$2,446$1,710$1,169$785$519$88
33 years$2,346$1,619$1,092$722$470$74
34 years$2,252$1,535$1,020$664$426$63
35 years$2,164$1,456$954$611$385$53
36 years$2,081$1,382$892$563$349$45
37 years$2,002$1,312$835$519$317$38
38 years$1,928$1,247$782$478$287$32
39 years$1,858$1,186$733$441$260$27
40 years$1,791$1,128$687$407$236$23
41 years$1,728$1,074$644$375$214$19
42 years$1,668$1,023$604$346$194$16
43 years$1,611$975$567$320$176$14
44 years$1,556$929$532$295$160$12
45 years$1,505$886$500$273$145$10
46 years$1,455$845$469$252$132$8
47 years$1,408$806$441$233$120$7
48 years$1,363$770$414$215$109$6
49 years$1,320$735$389$199$99$5
50 years$1,279$702$366$184$90$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,310,000, adding $4,818 every year, while hoping to spend $31,685 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: 37/50/13 Blend
70$1,310,000$1,310,000$1,310,000$1,310,000
71$1,448,590$1,379,160$1,358,855$1,496,255
72$1,562,633$1,413,026$1,370,664$1,564,681
73$1,687,247$1,447,490$1,381,807$1,635,135
74$1,823,477$1,482,547$1,392,227$1,710,542
75$1,972,471$1,518,192$1,401,867$1,791,359
76$2,135,498$1,554,418$1,410,664$1,878,092
77$2,313,951$1,591,217$1,418,554$1,971,295
78$2,509,367$1,628,579$1,425,468$2,071,582
79$2,723,436$1,666,492$1,431,334$2,179,625
80$2,958,020$1,704,944$1,436,078$2,296,168
81$3,215,171$1,743,919$1,439,619$2,422,027
82$3,497,147$1,783,400$1,441,875$2,558,105
83$3,806,437$1,823,368$1,442,759$2,705,393
84$4,145,781$1,863,800$1,442,178$2,864,985
85$4,518,197$1,904,673$1,440,038$3,038,086
86$4,927,010$1,945,959$1,436,236$3,226,026
87$5,375,882$1,987,628$1,430,668$3,430,266
88$5,868,849$2,029,649$1,423,222$3,652,420
89$6,410,354$2,071,984$1,413,782$3,894,266
90$7,005,294$2,114,595$1,402,227$4,157,763
91$7,659,061$2,157,437$1,388,429$4,445,071
92$8,377,599$2,200,465$1,372,255$4,758,570
93$9,167,452$2,243,626$1,353,564$5,100,883
94$10,035,834$2,286,865$1,332,210$5,474,903
95$10,990,689$2,330,122$1,308,040$5,883,816
96$12,040,773$2,373,332$1,280,892$6,331,138
97$13,195,730$2,416,423$1,250,600$6,820,740
98$14,466,187$2,459,320$1,216,988$7,356,893
99$15,863,851$2,501,940$1,179,870$7,944,303
100$17,401,624$2,544,196$1,139,056$8,588,157