Can I retire at age 71 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$157,726$156,321$154,950$153,612$152,306$151,346
2 years$78,082$76,628$75,219$73,852$72,527$71,558
3 years$51,538$50,077$48,671$47,318$46,014$45,067
4 years$38,268$36,812$35,420$34,090$32,818$31,900
5 years$30,308$28,861$27,488$26,184$24,947$24,061
6 years$25,004$23,567$22,214$20,940$19,740$18,887
7 years$21,216$19,792$18,460$17,216$16,054$15,234
8 years$18,377$16,965$15,656$14,442$13,318$12,531
9 years$16,169$14,771$13,484$12,301$11,216$10,462
10 years$14,405$13,020$11,756$10,604$9,557$8,835
11 years$12,962$11,591$10,350$9,228$8,219$7,530
12 years$11,760$10,404$9,185$8,095$7,122$6,465
13 years$10,744$9,402$8,206$7,146$6,211$5,584
14 years$9,874$8,546$7,373$6,344$5,444$4,848
15 years$9,121$7,807$6,657$5,657$4,794$4,226
16 years$8,462$7,163$6,036$5,066$4,237$3,698
17 years$7,882$6,597$5,492$4,551$3,756$3,245
18 years$7,366$6,095$5,014$4,102$3,340$2,856
19 years$6,906$5,649$4,590$3,706$2,977$2,518
20 years$6,491$5,250$4,212$3,357$2,659$2,226
21 years$6,117$4,890$3,874$3,046$2,380$1,970
22 years$5,778$4,564$3,571$2,770$2,133$1,746
23 years$5,468$4,269$3,297$2,523$1,915$1,550
24 years$5,185$4,000$3,049$2,301$1,721$1,378
25 years$4,924$3,754$2,824$2,101$1,549$1,226
26 years$4,684$3,528$2,619$1,921$1,395$1,091
27 years$4,463$3,320$2,432$1,759$1,258$972
28 years$4,257$3,128$2,261$1,611$1,135$867
29 years$4,066$2,951$2,104$1,478$1,025$774
30 years$3,888$2,787$1,960$1,356$926$691
31 years$3,722$2,635$1,827$1,245$837$617
32 years$3,566$2,493$1,705$1,145$757$551
33 years$3,421$2,361$1,592$1,052$685$493
34 years$3,284$2,238$1,487$968$620$441
35 years$3,155$2,122$1,391$891$562$394
36 years$3,034$2,014$1,301$821$509$353
37 years$2,919$1,913$1,218$756$461$316
38 years$2,811$1,818$1,140$697$418$283
39 years$2,708$1,729$1,068$643$379$253
40 years$2,611$1,645$1,001$593$344$227
41 years$2,519$1,566$939$547$312$203
42 years$2,432$1,491$881$505$283$182
43 years$2,349$1,421$826$466$257$163
44 years$2,269$1,354$776$430$233$146
45 years$2,194$1,292$728$397$212$131
46 years$2,122$1,232$684$367$192$117
47 years$2,053$1,176$643$339$175$105
48 years$1,988$1,122$604$313$159$94
49 years$1,925$1,072$568$290$144$84
50 years$1,865$1,024$534$268$131$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $1,910,000, adding $4,081 every year, while hoping to spend $25,909 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: 33/49/18 Blend
70$1,910,000$1,910,000$1,910,000$1,910,000
71$2,109,030$2,007,800$1,978,195$2,166,734
72$2,296,584$2,078,615$2,016,897$2,280,564
73$2,502,400$2,152,032$2,056,028$2,400,483
74$2,728,314$2,228,150$2,095,574$2,529,178
75$2,976,347$2,307,074$2,135,520$2,667,436
76$3,248,726$2,388,913$2,175,852$2,816,119
77$3,547,905$2,473,779$2,216,552$2,976,174
78$3,876,586$2,561,789$2,257,602$3,148,641
79$4,237,747$2,653,065$2,298,980$3,334,662
80$4,634,667$2,747,736$2,340,666$3,535,491
81$5,070,960$2,845,932$2,382,636$3,752,506
82$5,550,607$2,947,792$2,424,863$3,987,220
83$6,077,994$3,053,459$2,467,321$4,241,297
84$6,657,954$3,163,082$2,509,980$4,516,566
85$7,295,809$3,276,817$2,552,808$4,815,037
86$7,997,425$3,394,825$2,595,772$5,138,920
87$8,769,266$3,517,275$2,638,834$5,490,644
88$9,618,453$3,644,343$2,681,956$5,872,883
89$10,552,829$3,776,210$2,725,096$6,288,576
90$11,581,042$3,913,068$2,768,210$6,740,957
91$12,712,614$4,055,114$2,811,251$7,233,581
92$13,958,041$4,202,555$2,854,169$7,770,363
93$15,328,887$4,355,606$2,896,909$8,355,608
94$16,837,894$4,514,491$2,939,416$8,994,056
95$18,499,101$4,679,444$2,981,629$9,690,920
96$20,327,980$4,850,707$3,023,484$10,451,940
97$22,341,576$5,028,534$3,064,913$11,283,433
98$24,558,674$5,213,189$3,105,844$12,192,352
99$26,999,970$5,404,947$3,146,202$13,186,351
100$29,688,273$5,604,095$3,185,905$14,273,857