Can I retire at age 71 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$125,520$124,402$123,311$122,247$121,207$120,645
2 years$62,139$60,981$59,860$58,772$57,718$57,151
3 years$41,014$39,852$38,733$37,656$36,618$36,064
4 years$30,454$29,295$28,188$27,129$26,117$25,579
5 years$24,120$22,968$21,875$20,838$19,853$19,334
6 years$19,898$18,755$17,678$16,664$15,709$15,208
7 years$16,884$15,751$14,691$13,700$12,776$12,294
8 years$14,624$13,501$12,459$11,493$10,599$10,136
9 years$12,868$11,755$10,731$9,789$8,926$8,482
10 years$11,463$10,362$9,355$8,439$7,605$7,180
11 years$10,315$9,224$8,236$7,344$6,541$6,134
12 years$9,359$8,279$7,310$6,442$5,668$5,280
13 years$8,550$7,482$6,531$5,687$4,943$4,572
14 years$7,858$6,801$5,868$5,048$4,333$3,980
15 years$7,258$6,213$5,298$4,502$3,815$3,479
16 years$6,734$5,700$4,803$4,031$3,372$3,052
17 years$6,272$5,250$4,371$3,622$2,989$2,686
18 years$5,862$4,851$3,990$3,264$2,658$2,370
19 years$5,495$4,496$3,653$2,950$2,369$2,096
20 years$5,166$4,178$3,352$2,671$2,116$1,858
21 years$4,868$3,891$3,083$2,424$1,894$1,649
22 years$4,598$3,632$2,842$2,204$1,698$1,466
23 years$4,352$3,397$2,624$2,008$1,524$1,306
24 years$4,126$3,183$2,427$1,831$1,370$1,164
25 years$3,919$2,987$2,248$1,672$1,232$1,039
26 years$3,728$2,807$2,084$1,529$1,110$928
27 years$3,551$2,642$1,936$1,399$1,001$829
28 years$3,388$2,490$1,799$1,282$903$742
29 years$3,236$2,349$1,675$1,176$815$664
30 years$3,094$2,218$1,560$1,079$737$595
31 years$2,962$2,097$1,454$991$666$533
32 years$2,838$1,984$1,357$911$603$478
33 years$2,722$1,879$1,267$838$545$428
34 years$2,613$1,781$1,184$771$494$384
35 years$2,511$1,689$1,107$709$447$345
36 years$2,414$1,603$1,035$653$405$310
37 years$2,323$1,523$969$602$367$278
38 years$2,237$1,447$907$555$333$250
39 years$2,155$1,376$850$512$302$224
40 years$2,078$1,309$797$472$274$202
41 years$2,005$1,246$747$435$248$181
42 years$1,935$1,187$701$402$225$163
43 years$1,869$1,131$658$371$205$147
44 years$1,806$1,078$617$342$186$132
45 years$1,746$1,028$580$316$169$118
46 years$1,689$981$544$292$153$107
47 years$1,634$936$511$270$139$96
48 years$1,582$893$481$249$126$86
49 years$1,532$853$452$231$115$78
50 years$1,484$815$425$213$104$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,520,000, adding $6,841 every year, while hoping to spend $43,524 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: 68/11/21 Blend
70$1,520,000$1,520,000$1,520,000$1,520,000
71$1,682,096$1,601,536$1,577,976$1,787,196
72$1,807,361$1,633,703$1,584,530$1,890,563
73$1,943,944$1,665,986$1,589,843$1,997,910
74$2,092,954$1,698,347$1,593,830$2,114,295
75$2,255,610$1,730,741$1,596,399$2,240,605
76$2,433,257$1,763,122$1,597,453$2,377,823
77$2,627,372$1,795,438$1,596,890$2,527,027
78$2,839,583$1,827,633$1,594,606$2,689,408
79$3,071,683$1,859,650$1,590,487$2,866,279
80$3,325,645$1,891,423$1,584,418$3,059,085
81$3,603,641$1,922,883$1,576,277$3,269,420
82$3,908,064$1,953,956$1,565,934$3,499,041
83$4,241,550$1,984,563$1,553,256$3,749,885
84$4,606,999$2,014,617$1,538,101$4,024,084
85$5,007,607$2,044,028$1,520,322$4,323,992
86$5,446,895$2,072,697$1,499,764$4,652,202
87$5,928,738$2,100,519$1,476,266$5,011,570
88$6,457,405$2,127,381$1,449,657$5,405,247
89$7,037,602$2,153,163$1,419,762$5,836,705
90$7,674,506$2,177,737$1,386,393$6,309,772
91$8,373,826$2,200,966$1,349,357$6,828,665
92$9,141,846$2,222,704$1,308,451$7,398,034
93$9,985,493$2,242,795$1,263,462$8,023,005
94$10,912,393$2,261,071$1,214,168$8,709,226
95$11,930,951$2,277,358$1,160,336$9,462,924
96$13,050,425$2,291,465$1,101,725$10,290,964
97$14,281,014$2,303,194$1,038,079$11,200,910
98$15,633,957$2,312,329$969,133$12,201,100
99$17,121,632$2,318,645$894,611$13,300,726
100$18,757,680$2,321,900$814,222$14,509,919