Can I retire at age 71 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$151,945$150,592$149,272$147,983$146,724$143,003
2 years$75,221$73,820$72,462$71,146$69,869$66,144
3 years$49,649$48,242$46,888$45,584$44,328$40,716
4 years$36,866$35,463$34,122$32,840$31,615$28,143
5 years$29,198$27,803$26,480$25,225$24,033$20,712
6 years$24,087$22,704$21,400$20,172$19,017$15,849
7 years$20,438$19,066$17,783$16,585$15,466$12,452
8 years$17,703$16,343$15,082$13,913$12,830$9,969
9 years$15,577$14,230$12,990$11,850$10,805$8,093
10 years$13,877$12,543$11,325$10,215$9,206$6,642
11 years$12,487$11,166$9,970$8,890$7,918$5,496
12 years$11,329$10,022$8,848$7,798$6,861$4,578
13 years$10,350$9,057$7,905$6,884$5,983$3,834
14 years$9,512$8,233$7,103$6,111$5,245$3,225
15 years$8,786$7,521$6,413$5,450$4,618$2,723
16 years$8,152$6,900$5,814$4,880$4,081$2,305
17 years$7,593$6,355$5,291$4,385$3,619$1,957
18 years$7,096$5,872$4,830$3,951$3,218$1,665
19 years$6,652$5,442$4,422$3,570$2,868$1,418
20 years$6,254$5,057$4,058$3,234$2,562$1,210
21 years$5,893$4,711$3,732$2,935$2,292$1,034
22 years$5,566$4,397$3,440$2,668$2,055$884
23 years$5,268$4,113$3,176$2,430$1,845$757
24 years$4,995$3,853$2,938$2,216$1,658$648
25 years$4,744$3,616$2,721$2,024$1,492$556
26 years$4,513$3,398$2,523$1,851$1,344$477
27 years$4,299$3,198$2,343$1,694$1,212$409
28 years$4,101$3,014$2,178$1,552$1,093$351
29 years$3,917$2,843$2,027$1,423$987$302
30 years$3,745$2,685$1,888$1,306$892$259
31 years$3,585$2,538$1,760$1,200$806$223
32 years$3,436$2,402$1,642$1,103$729$191
33 years$3,295$2,274$1,533$1,014$660$164
34 years$3,163$2,156$1,433$933$598$141
35 years$3,039$2,045$1,340$859$541$122
36 years$2,922$1,941$1,253$791$491$105
37 years$2,812$1,843$1,173$729$445$90
38 years$2,708$1,752$1,098$672$403$77
39 years$2,609$1,666$1,029$619$365$67
40 years$2,516$1,585$965$571$332$57
41 years$2,427$1,509$904$527$301$49
42 years$2,343$1,437$848$486$273$42
43 years$2,262$1,369$796$449$248$36
44 years$2,186$1,305$747$415$225$31
45 years$2,114$1,244$702$383$204$27
46 years$2,044$1,187$659$354$185$23
47 years$1,978$1,133$619$327$168$20
48 years$1,915$1,081$582$302$153$17
49 years$1,854$1,033$547$279$139$15
50 years$1,796$986$514$258$126$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,840,000, adding $2,260 every year, while hoping to spend $35,631 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: 23/48/29 Blend
70$1,840,000$1,840,000$1,840,000$1,840,000
71$2,030,011$1,932,491$1,903,971$2,058,091
72$2,199,161$1,989,272$1,929,843$2,139,590
73$2,384,370$2,047,641$1,955,388$2,223,647
74$2,587,239$2,107,638$1,980,556$2,312,889
75$2,809,530$2,169,305$2,005,297$2,407,768
76$3,053,183$2,232,683$2,029,556$2,508,782
77$3,320,338$2,297,814$2,053,276$2,616,475
78$3,613,347$2,364,742$2,076,396$2,731,450
79$3,934,805$2,433,511$2,098,852$2,854,365
80$4,287,569$2,504,166$2,120,576$2,985,948
81$4,674,783$2,576,752$2,141,498$3,126,997
82$5,099,915$2,651,317$2,161,542$3,278,393
83$5,566,781$2,727,907$2,180,629$3,441,102
84$6,079,589$2,806,570$2,198,675$3,616,191
85$6,642,970$2,887,355$2,215,594$3,804,832
86$7,262,028$2,970,311$2,231,292$4,008,315
87$7,942,387$3,055,489$2,245,673$4,228,061
88$8,690,242$3,142,938$2,258,633$4,465,638
89$9,512,415$3,232,711$2,270,067$4,722,766
90$10,416,428$3,324,860$2,279,860$5,001,346
91$11,410,562$3,419,437$2,287,894$5,303,467
92$12,503,946$3,516,496$2,294,045$5,631,432
93$13,706,634$3,616,090$2,298,181$5,987,779
94$15,029,706$3,718,273$2,300,165$6,375,301
95$16,485,368$3,823,101$2,299,853$6,797,076
96$18,087,071$3,930,628$2,297,094$7,256,497
97$19,849,634$4,040,911$2,291,728$7,757,300
98$21,789,385$4,154,004$2,283,589$8,303,601
99$23,924,316$4,269,964$2,272,503$8,899,938
100$26,274,251$4,388,847$2,258,287$9,551,308