Can I retire at age 71 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$156,074$154,684$153,328$152,004$150,711$145,829
2 years$77,265$75,826$74,431$73,079$71,767$66,894
3 years$50,998$49,553$48,162$46,822$45,532$40,821
4 years$37,867$36,427$35,049$33,733$32,474$27,961
5 years$29,991$28,559$27,200$25,910$24,686$20,384
6 years$24,742$23,320$21,981$20,720$19,533$15,445
7 years$20,994$19,585$18,267$17,035$15,886$12,011
8 years$18,184$16,788$15,492$14,291$13,179$9,514
9 years$16,000$14,617$13,343$12,172$11,098$7,641
10 years$14,254$12,884$11,633$10,493$9,456$6,200
11 years$12,826$11,470$10,241$9,132$8,133$5,071
12 years$11,637$10,295$9,089$8,010$7,048$4,175
13 years$10,632$9,303$8,120$7,071$6,146$3,454
14 years$9,771$8,456$7,296$6,277$5,387$2,870
15 years$9,025$7,725$6,587$5,598$4,743$2,392
16 years$8,373$7,088$5,972$5,013$4,192$1,999
17 years$7,799$6,527$5,435$4,504$3,717$1,675
18 years$7,289$6,032$4,961$4,059$3,305$1,406
19 years$6,833$5,590$4,542$3,667$2,946$1,182
20 years$6,424$5,195$4,168$3,322$2,631$995
21 years$6,053$4,839$3,834$3,015$2,355$838
22 years$5,717$4,517$3,534$2,741$2,111$707
23 years$5,411$4,224$3,263$2,496$1,895$596
24 years$5,130$3,958$3,017$2,277$1,703$504
25 years$4,873$3,714$2,795$2,079$1,532$426
26 years$4,635$3,491$2,592$1,901$1,380$360
27 years$4,416$3,285$2,407$1,740$1,245$304
28 years$4,212$3,096$2,237$1,594$1,123$257
29 years$4,023$2,920$2,082$1,462$1,014$218
30 years$3,847$2,758$1,939$1,342$916$184
31 years$3,683$2,607$1,808$1,232$828$156
32 years$3,529$2,467$1,687$1,133$749$132
33 years$3,385$2,336$1,575$1,041$678$112
34 years$3,249$2,214$1,472$958$614$95
35 years$3,122$2,100$1,376$882$556$80
36 years$3,002$1,993$1,287$812$504$68
37 years$2,888$1,893$1,205$749$457$58
38 years$2,781$1,799$1,128$690$414$49
39 years$2,680$1,711$1,057$636$375$41
40 years$2,584$1,628$991$587$341$35
41 years$2,493$1,550$929$541$309$30
42 years$2,406$1,476$871$500$280$25
43 years$2,324$1,406$818$461$254$21
44 years$2,246$1,340$768$426$231$18
45 years$2,171$1,278$721$393$210$15
46 years$2,100$1,219$677$363$190$13
47 years$2,032$1,164$636$336$173$11
48 years$1,967$1,111$598$310$157$9
49 years$1,905$1,061$562$287$143$8
50 years$1,845$1,013$528$265$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,890,000, adding $6,721 every year, while hoping to spend $28,327 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: 65/8/27 Blend
70$1,890,000$1,890,000$1,890,000$1,890,000
71$2,089,713$1,989,543$1,960,248$2,210,271
72$2,272,724$2,056,891$1,995,776$2,359,867
73$2,473,452$2,126,589$2,031,546$2,519,554
74$2,693,676$2,198,724$2,067,534$2,693,474
75$2,935,353$2,273,382$2,103,718$2,883,029
76$3,200,638$2,350,658$2,140,072$3,089,765
77$3,491,908$2,430,645$2,176,569$3,315,384
78$3,811,778$2,513,442$2,213,180$3,561,759
79$4,163,132$2,599,153$2,249,874$3,830,957
80$4,549,144$2,687,885$2,286,618$4,125,250
81$4,973,313$2,779,747$2,323,375$4,447,145
82$5,439,492$2,874,856$2,360,109$4,799,401
83$5,951,927$2,973,330$2,396,779$5,185,057
84$6,515,294$3,075,294$2,433,343$5,607,462
85$7,134,748$3,180,877$2,469,753$6,070,307
86$7,815,965$3,290,213$2,505,962$6,577,654
87$8,565,200$3,403,440$2,541,919$7,133,983
88$9,389,346$3,520,704$2,577,569$7,744,227
89$10,295,995$3,642,154$2,612,853$8,413,822
90$11,293,514$3,767,947$2,647,711$9,148,756
91$12,391,120$3,898,245$2,682,078$9,955,627
92$13,598,971$4,033,215$2,715,884$10,841,706
93$14,928,257$4,173,034$2,749,057$11,815,005
94$16,391,310$4,317,883$2,781,521$12,884,348
95$18,001,716$4,467,952$2,813,194$14,059,463
96$19,774,445$4,623,436$2,843,991$15,351,064
97$21,725,995$4,784,540$2,873,820$16,770,961
98$23,874,541$4,951,477$2,902,588$18,332,165
99$26,240,112$5,124,467$2,930,193$20,049,012
100$28,844,778$5,303,741$2,956,529$21,937,302