Can I retire at age 71 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$151,120$149,774$148,460$147,178$145,927$144,765
2 years$74,812$73,418$72,068$70,759$69,489$68,317
3 years$49,379$47,980$46,633$45,336$44,087$42,942
4 years$36,665$35,270$33,937$32,662$31,443$30,334
5 years$29,039$27,652$26,336$25,088$23,902$22,833
6 years$23,956$22,580$21,284$20,063$18,913$17,884
7 years$20,327$18,963$17,687$16,495$15,381$14,393
8 years$17,607$16,255$15,000$13,837$12,760$11,813
9 years$15,492$14,153$12,919$11,786$10,746$9,839
10 years$13,801$12,475$11,263$10,160$9,156$8,289
11 years$12,419$11,106$9,916$8,842$7,875$7,047
12 years$11,267$9,968$8,800$7,756$6,824$6,035
13 years$10,294$9,008$7,862$6,847$5,951$5,200
14 years$9,460$8,188$7,064$6,078$5,216$4,502
15 years$8,739$7,480$6,378$5,421$4,593$3,915
16 years$8,108$6,863$5,783$4,853$4,059$3,416
17 years$7,551$6,320$5,262$4,361$3,599$2,989
18 years$7,058$5,840$4,804$3,930$3,200$2,623
19 years$6,616$5,413$4,398$3,551$2,852$2,307
20 years$6,220$5,030$4,036$3,216$2,548$2,033
21 years$5,861$4,685$3,712$2,919$2,280$1,794
22 years$5,536$4,373$3,421$2,654$2,044$1,586
23 years$5,239$4,090$3,159$2,417$1,835$1,403
24 years$4,967$3,832$2,922$2,204$1,649$1,243
25 years$4,718$3,596$2,706$2,013$1,484$1,103
26 years$4,488$3,380$2,510$1,841$1,337$979
27 years$4,276$3,181$2,330$1,685$1,205$869
28 years$4,079$2,997$2,166$1,544$1,087$773
29 years$3,896$2,828$2,016$1,416$982$687
30 years$3,725$2,670$1,878$1,299$887$612
31 years$3,566$2,524$1,751$1,193$802$544
32 years$3,417$2,389$1,633$1,097$726$485
33 years$3,277$2,262$1,525$1,008$657$432
34 years$3,146$2,144$1,425$928$594$385
35 years$3,023$2,034$1,332$854$538$343
36 years$2,906$1,930$1,246$787$488$306
37 years$2,797$1,833$1,167$725$442$273
38 years$2,693$1,742$1,092$668$401$244
39 years$2,595$1,657$1,023$616$364$217
40 years$2,502$1,576$959$568$330$194
41 years$2,414$1,500$899$524$299$173
42 years$2,330$1,429$844$484$271$155
43 years$2,250$1,361$792$447$246$138
44 years$2,174$1,298$743$412$224$123
45 years$2,102$1,237$698$381$203$110
46 years$2,033$1,181$655$352$184$98
47 years$1,967$1,127$616$325$167$88
48 years$1,904$1,075$579$300$152$78
49 years$1,844$1,027$544$278$138$70
50 years$1,787$981$511$257$125$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,830,000, adding $3,680 every year, while hoping to spend $44,074 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: 36/37/27 Blend
70$1,830,000$1,830,000$1,830,000$1,830,000
71$2,020,456$1,923,466$1,895,101$2,076,686
72$2,179,648$1,970,821$1,911,692$2,166,089
73$2,353,601$2,019,020$1,927,363$2,258,274
74$2,543,773$2,068,057$1,942,034$2,356,943
75$2,751,770$2,117,925$1,955,625$2,462,708
76$2,979,363$2,168,615$1,968,050$2,576,244
77$3,228,497$2,220,116$1,979,220$2,698,293
78$3,501,319$2,272,417$1,989,038$2,829,676
79$3,800,188$2,325,500$1,997,406$2,971,296
80$4,127,708$2,379,350$2,004,219$3,124,149
81$4,486,741$2,433,945$2,009,367$3,289,332
82$4,880,442$2,489,262$2,012,735$3,468,056
83$5,312,287$2,545,276$2,014,201$3,661,656
84$5,786,102$2,601,956$2,013,639$3,871,603
85$6,306,103$2,659,271$2,010,915$4,099,520
86$6,876,934$2,717,183$2,005,889$4,347,196
87$7,503,709$2,775,653$1,998,414$4,616,604
88$8,192,063$2,834,635$1,988,336$4,909,919
89$8,948,203$2,894,082$1,975,494$5,229,539
90$9,778,966$2,953,938$1,959,720$5,578,110
91$10,691,885$3,014,146$1,940,836$5,958,547
92$11,695,260$3,074,642$1,918,656$6,374,067
93$12,798,232$3,135,354$1,892,986$6,828,215
94$14,010,874$3,196,209$1,863,624$7,324,901
95$15,344,282$3,257,123$1,830,355$7,868,437
96$16,810,684$3,318,007$1,792,957$8,463,576
97$18,423,550$3,378,765$1,751,196$9,115,559
98$20,197,720$3,439,293$1,704,830$9,830,167
99$22,149,547$3,499,478$1,653,601$10,613,772
100$24,297,048$3,559,199$1,597,244$11,473,400