Can I retire at age 71 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$141,210$139,952$138,725$137,527$136,358$135,046
2 years$69,906$68,604$67,342$66,119$64,932$63,611
3 years$46,141$44,834$43,575$42,363$41,196$39,906
4 years$34,261$32,957$31,711$30,520$29,381$28,132
5 years$27,135$25,839$24,609$23,442$22,335$21,131
6 years$22,385$21,099$19,888$18,747$17,673$16,516
7 years$18,994$17,719$16,527$15,413$14,373$13,262
8 years$16,452$15,189$14,016$12,930$11,924$10,860
9 years$14,476$13,225$12,072$11,013$10,041$9,024
10 years$12,896$11,657$10,525$9,493$8,556$7,585
11 years$11,604$10,377$9,266$8,262$7,358$6,432
12 years$10,529$9,314$8,223$7,247$6,377$5,495
13 years$9,619$8,417$7,347$6,398$5,560$4,722
14 years$8,840$7,651$6,601$5,679$4,874$4,078
15 years$8,166$6,989$5,960$5,065$4,292$3,536
16 years$7,576$6,413$5,404$4,535$3,793$3,077
17 years$7,056$5,906$4,917$4,075$3,363$2,685
18 years$6,595$5,457$4,489$3,672$2,990$2,350
19 years$6,182$5,058$4,109$3,318$2,665$2,060
20 years$5,812$4,700$3,771$3,005$2,381$1,810
21 years$5,477$4,378$3,469$2,727$2,131$1,593
22 years$5,173$4,086$3,197$2,480$1,910$1,404
23 years$4,895$3,822$2,952$2,258$1,714$1,238
24 years$4,642$3,581$2,730$2,060$1,541$1,094
25 years$4,409$3,361$2,529$1,881$1,386$967
26 years$4,194$3,158$2,345$1,720$1,249$856
27 years$3,995$2,972$2,178$1,574$1,126$758
28 years$3,811$2,801$2,024$1,443$1,016$671
29 years$3,640$2,642$1,884$1,323$917$595
30 years$3,481$2,495$1,755$1,214$829$528
31 years$3,332$2,359$1,636$1,115$749$468
32 years$3,193$2,232$1,526$1,025$678$416
33 years$3,062$2,114$1,425$942$614$369
34 years$2,940$2,003$1,332$867$555$328
35 years$2,825$1,900$1,245$798$503$292
36 years$2,716$1,804$1,165$735$456$259
37 years$2,613$1,713$1,090$677$413$230
38 years$2,516$1,628$1,021$624$375$205
39 years$2,425$1,548$956$576$340$182
40 years$2,338$1,473$896$531$308$162
41 years$2,255$1,402$841$490$280$144
42 years$2,177$1,335$788$452$254$128
43 years$2,103$1,272$740$417$230$114
44 years$2,032$1,213$694$385$209$101
45 years$1,964$1,156$652$356$190$90
46 years$1,900$1,103$612$329$172$80
47 years$1,838$1,053$575$304$156$72
48 years$1,780$1,005$541$281$142$64
49 years$1,723$960$508$259$129$57
50 years$1,670$917$478$240$117$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,710,000, adding $3,145 every year, while hoping to spend $50,113 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: 66/25/9 Blend
70$1,710,000$1,710,000$1,710,000$1,710,000
71$1,887,664$1,797,034$1,770,529$2,008,626
72$2,026,886$1,831,769$1,776,522$2,124,223
73$2,178,629$1,866,526$1,781,036$2,244,262
74$2,344,117$1,901,254$1,783,969$2,374,148
75$2,524,698$1,935,897$1,785,213$2,514,837
76$2,721,855$1,970,393$1,784,655$2,667,380
77$2,937,221$2,004,679$1,782,177$2,832,938
78$3,172,592$2,038,683$1,777,655$3,012,787
79$3,429,948$2,072,330$1,770,959$3,208,335
80$3,711,468$2,105,540$1,761,951$3,421,134
81$4,019,550$2,138,224$1,750,489$3,652,891
82$4,356,837$2,170,289$1,736,422$3,905,491
83$4,726,236$2,201,635$1,719,594$4,181,006
84$5,130,951$2,232,154$1,699,840$4,481,725
85$5,574,511$2,261,732$1,676,987$4,810,168
86$6,060,800$2,290,246$1,650,855$5,169,110
87$6,594,098$2,317,564$1,621,255$5,561,613
88$7,179,118$2,343,547$1,587,989$5,991,050
89$7,821,050$2,368,043$1,550,849$6,461,139
90$8,525,615$2,390,895$1,509,620$6,975,975
91$9,299,110$2,411,931$1,464,075$7,540,076
92$10,148,473$2,430,970$1,413,976$8,158,418
93$11,081,349$2,447,819$1,359,075$8,836,487
94$12,106,156$2,462,272$1,299,114$9,580,329
95$13,232,171$2,474,110$1,233,821$10,396,608
96$14,469,612$2,483,101$1,162,913$11,292,669
97$15,829,736$2,488,996$1,086,095$12,276,607
98$17,324,946$2,491,534$1,003,056$13,357,346
99$18,968,905$2,490,434$913,473$14,544,720
100$20,776,668$2,485,400$817,009$15,849,570