Can I retire at age 71 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$115,611$114,581$113,576$112,596$111,638$108,064
2 years$57,233$56,167$55,134$54,132$53,161$49,594
3 years$37,776$36,706$35,675$34,683$33,727$30,278
4 years$28,050$26,983$25,963$24,987$24,055$20,750
5 years$22,216$21,155$20,148$19,193$18,286$15,135
6 years$18,327$17,274$16,283$15,349$14,469$11,474
7 years$15,551$14,507$13,531$12,619$11,767$8,928
8 years$13,470$12,435$11,475$10,586$9,762$7,077
9 years$11,852$10,827$9,884$9,017$8,221$5,686
10 years$10,558$9,544$8,617$7,772$7,005$4,617
11 years$9,501$8,496$7,586$6,764$6,024$3,779
12 years$8,620$7,626$6,732$5,933$5,221$3,113
13 years$7,875$6,891$6,015$5,238$4,552$2,577
14 years$7,237$6,264$5,405$4,650$3,991$2,143
15 years$6,685$5,722$4,880$4,147$3,514$1,787
16 years$6,203$5,250$4,424$3,713$3,105$1,495
17 years$5,777$4,835$4,026$3,336$2,753$1,253
18 years$5,399$4,468$3,675$3,007$2,448$1,053
19 years$5,062$4,141$3,364$2,717$2,182$886
20 years$4,758$3,848$3,088$2,460$1,949$746
21 years$4,484$3,584$2,840$2,233$1,744$629
22 years$4,235$3,346$2,617$2,030$1,563$531
23 years$4,008$3,129$2,417$1,849$1,403$448
24 years$3,800$2,932$2,235$1,686$1,261$379
25 years$3,609$2,751$2,070$1,540$1,135$320
26 years$3,434$2,586$1,920$1,408$1,022$271
27 years$3,271$2,434$1,783$1,289$922$230
28 years$3,120$2,293$1,657$1,181$832$194
29 years$2,980$2,163$1,542$1,083$751$165
30 years$2,850$2,043$1,437$994$679$139
31 years$2,728$1,931$1,339$913$614$118
32 years$2,614$1,827$1,250$839$555$100
33 years$2,507$1,731$1,167$771$502$85
34 years$2,407$1,640$1,090$710$455$72
35 years$2,312$1,556$1,019$653$412$61
36 years$2,224$1,477$953$602$373$52
37 years$2,140$1,402$892$554$338$44
38 years$2,060$1,333$836$511$307$37
39 years$1,985$1,267$783$471$278$31
40 years$1,914$1,206$734$435$252$27
41 years$1,847$1,148$688$401$229$23
42 years$1,782$1,093$646$370$208$19
43 years$1,721$1,042$606$342$188$16
44 years$1,663$993$569$315$171$14
45 years$1,608$947$534$291$155$12
46 years$1,555$903$501$269$141$10
47 years$1,505$862$471$249$128$8
48 years$1,457$823$443$230$116$7
49 years$1,411$786$416$212$106$6
50 years$1,367$751$391$196$96$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,400,000, adding $3,346 every year, while hoping to spend $21,325 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: 54/30/16 Blend
70$1,400,000$1,400,000$1,400,000$1,400,000
71$1,546,251$1,472,051$1,450,351$1,622,969
72$1,681,279$1,521,492$1,476,249$1,725,127
73$1,829,366$1,572,641$1,502,299$1,833,708
74$1,991,819$1,625,559$1,528,484$1,951,419
75$2,170,083$1,680,309$1,554,786$2,079,137
76$2,365,745$1,736,958$1,581,185$2,217,823
77$2,580,555$1,795,573$1,607,659$2,368,537
78$2,816,441$1,856,226$1,634,185$2,532,445
79$3,075,527$1,918,990$1,660,740$2,710,829
80$3,360,152$1,983,941$1,687,295$2,905,102
81$3,672,892$2,051,159$1,713,824$3,116,817
82$4,016,588$2,120,726$1,740,298$3,347,684
83$4,394,365$2,192,727$1,766,683$3,599,587
84$4,809,670$2,267,251$1,792,947$3,874,598
85$5,266,300$2,344,390$1,819,054$4,174,999
86$5,768,436$2,424,238$1,844,966$4,503,304
87$6,320,686$2,506,896$1,870,642$4,862,278
88$6,928,129$2,592,466$1,896,041$5,254,969
89$7,596,356$2,681,055$1,921,116$5,684,732
90$8,331,531$2,772,774$1,945,821$6,155,260
91$9,140,446$2,867,738$1,970,104$6,670,623
92$10,030,581$2,966,067$1,993,912$7,235,303
93$11,010,181$3,067,885$2,017,189$7,854,234
94$12,088,329$3,173,321$2,039,875$8,532,854
95$13,275,035$3,282,510$2,061,906$9,277,149
96$14,581,325$3,395,590$2,083,218$10,093,717
97$16,019,353$3,512,707$2,103,738$10,989,822
98$17,602,508$3,634,010$2,123,394$11,973,467
99$19,345,544$3,759,656$2,142,108$13,053,468
100$21,264,718$3,889,808$2,159,797$14,239,538