Can I retire at age 71 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$109,830$108,852$107,897$106,966$106,056$105,167
2 years$54,371$53,359$52,377$51,426$50,503$49,607
3 years$35,888$34,871$33,892$32,949$32,041$31,166
4 years$26,647$25,634$24,664$23,738$22,852$22,005
5 years$21,105$20,097$19,141$18,233$17,372$16,554
6 years$17,411$16,411$15,468$14,581$13,746$12,959
7 years$14,773$13,782$12,854$11,988$11,179$10,424
8 years$12,796$11,813$10,902$10,056$9,274$8,550
9 years$11,259$10,286$9,389$8,566$7,810$7,118
10 years$10,030$9,066$8,186$7,384$6,655$5,993
11 years$9,026$8,071$7,207$6,426$5,723$5,092
12 years$8,189$7,244$6,396$5,637$4,960$4,358
13 years$7,481$6,547$5,714$4,976$4,325$3,752
14 years$6,876$5,951$5,134$4,417$3,791$3,247
15 years$6,351$5,436$4,636$3,939$3,338$2,821
16 years$5,892$4,988$4,203$3,527$2,950$2,460
17 years$5,488$4,593$3,824$3,169$2,616$2,151
18 years$5,129$4,244$3,491$2,856$2,326$1,886
19 years$4,809$3,934$3,196$2,581$2,073$1,658
20 years$4,520$3,655$2,933$2,337$1,852$1,460
21 years$4,260$3,405$2,698$2,121$1,657$1,287
22 years$4,023$3,178$2,487$1,929$1,485$1,137
23 years$3,808$2,973$2,296$1,757$1,333$1,005
24 years$3,610$2,785$2,123$1,602$1,198$890
25 years$3,429$2,614$1,967$1,463$1,078$789
26 years$3,262$2,457$1,824$1,338$971$700
27 years$3,107$2,312$1,694$1,225$876$621
28 years$2,964$2,178$1,574$1,122$790$551
29 years$2,831$2,055$1,465$1,029$714$490
30 years$2,707$1,941$1,365$944$645$436
31 years$2,592$1,835$1,272$867$583$388
32 years$2,483$1,736$1,187$797$527$345
33 years$2,382$1,644$1,108$733$477$307
34 years$2,287$1,558$1,036$674$432$274
35 years$2,197$1,478$968$621$391$244
36 years$2,112$1,403$906$572$355$217
37 years$2,033$1,332$848$527$321$193
38 years$1,957$1,266$794$486$291$172
39 years$1,886$1,204$744$448$264$154
40 years$1,818$1,146$697$413$240$137
41 years$1,754$1,090$654$381$217$122
42 years$1,693$1,038$613$352$197$109
43 years$1,635$989$575$325$179$97
44 years$1,580$943$540$300$163$87
45 years$1,528$899$507$277$148$77
46 years$1,478$858$476$256$134$69
47 years$1,430$819$448$236$122$62
48 years$1,384$782$421$218$110$55
49 years$1,340$746$395$202$100$49
50 years$1,299$713$372$186$91$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,330,000, adding $3,149 every year, while hoping to spend $49,617 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: 40/48/12 Blend
70$1,330,000$1,330,000$1,330,000$1,330,000
71$1,468,908$1,398,418$1,377,803$1,522,279
72$1,565,945$1,414,149$1,371,167$1,575,981
73$1,671,216$1,428,987$1,362,647$1,628,912
74$1,785,510$1,442,837$1,352,125$1,685,079
75$1,909,692$1,455,596$1,339,481$1,744,796
76$2,044,716$1,467,155$1,324,589$1,808,413
77$2,191,629$1,477,399$1,307,315$1,876,316
78$2,351,586$1,486,202$1,287,521$1,948,935
79$2,525,855$1,493,433$1,265,061$2,026,746
80$2,715,834$1,498,953$1,239,782$2,110,274
81$2,923,059$1,502,612$1,211,524$2,200,102
82$3,149,223$1,504,251$1,180,122$2,296,877
83$3,396,188$1,503,704$1,145,401$2,401,312
84$3,666,004$1,500,791$1,107,177$2,514,199
85$3,960,929$1,495,322$1,065,259$2,636,415
86$4,283,448$1,487,096$1,019,449$2,768,928
87$4,636,296$1,475,900$969,537$2,912,811
88$5,022,486$1,461,508$915,305$3,069,253
89$5,445,337$1,443,679$856,525$3,239,565
90$5,908,501$1,422,159$792,958$3,425,200
91$6,416,002$1,396,678$724,356$3,627,767
92$6,972,270$1,366,951$650,457$3,849,042
93$7,582,185$1,332,675$570,991$4,090,990
94$8,251,121$1,293,530$485,673$4,355,784
95$8,985,000$1,249,177$394,207$4,645,826
96$9,790,340$1,199,257$296,283$4,963,771
97$10,674,324$1,143,390$191,579$5,312,555
98$11,644,864$1,081,175$79,755$5,695,421
99$12,710,674$1,012,187$0$6,115,953
100$13,881,355$935,976$0$6,583,179