Can I retire at age 71 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$264,253$261,899$259,603$257,361$255,172$249,816
2 years$130,818$128,382$126,021$123,731$121,511$116,140
3 years$86,346$83,899$81,544$79,276$77,091$71,873
4 years$64,114$61,675$59,343$57,114$54,982$49,957
5 years$50,778$48,354$46,053$43,869$41,797$36,978
6 years$41,891$39,484$37,217$35,082$33,072$28,466
7 years$35,545$33,159$30,928$28,843$26,897$22,504
8 years$30,788$28,423$26,229$24,196$22,313$18,132
9 years$27,090$24,748$22,591$20,609$18,791$14,819
10 years$24,133$21,814$19,696$17,766$16,011$12,244
11 years$21,716$19,420$17,340$15,461$13,770$10,203
12 years$19,703$17,430$15,388$13,562$11,933$8,561
13 years$18,000$15,752$13,749$11,973$10,406$7,223
14 years$16,543$14,318$12,353$10,628$9,121$6,121
15 years$15,281$13,080$11,153$9,478$8,031$5,207
16 years$14,177$12,000$10,112$8,487$7,098$4,444
17 years$13,205$11,052$9,202$7,625$6,294$3,802
18 years$12,341$10,212$8,400$6,872$5,596$3,260
19 years$11,569$9,465$7,690$6,210$4,988$2,801
20 years$10,876$8,795$7,057$5,624$4,455$2,410
21 years$10,249$8,192$6,491$5,104$3,987$2,076
22 years$9,680$7,647$5,983$4,641$3,574$1,791
23 years$9,161$7,152$5,524$4,226$3,208$1,546
24 years$8,686$6,701$5,109$3,855$2,883$1,336
25 years$8,250$6,289$4,732$3,520$2,595$1,156
26 years$7,848$5,910$4,388$3,219$2,337$1,000
27 years$7,477$5,562$4,075$2,946$2,107$866
28 years$7,132$5,241$3,788$2,699$1,901$750
29 years$6,812$4,945$3,525$2,475$1,717$650
30 years$6,514$4,670$3,284$2,272$1,551$563
31 years$6,235$4,414$3,061$2,087$1,402$488
32 years$5,975$4,177$2,856$1,918$1,269$424
33 years$5,731$3,956$2,667$1,763$1,148$368
34 years$5,501$3,749$2,492$1,622$1,039$319
35 years$5,286$3,556$2,330$1,494$942$277
36 years$5,082$3,375$2,179$1,376$853$240
37 years$4,890$3,206$2,040$1,267$773$209
38 years$4,709$3,046$1,910$1,168$701$181
39 years$4,538$2,897$1,790$1,077$636$157
40 years$4,375$2,756$1,677$993$577$137
41 years$4,221$2,624$1,573$917$523$119
42 years$4,074$2,499$1,475$846$475$103
43 years$3,935$2,381$1,384$781$431$89
44 years$3,802$2,269$1,300$721$391$78
45 years$3,676$2,164$1,220$666$355$67
46 years$3,555$2,064$1,146$615$322$59
47 years$3,440$1,970$1,077$568$293$51
48 years$3,330$1,881$1,012$525$266$44
49 years$3,225$1,796$951$485$241$38
50 years$3,124$1,715$894$449$219$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,200,000, adding $3,920 every year, while hoping to spend $57,905 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: 42/43/15 Blend
70$3,200,000$3,200,000$3,200,000$3,200,000
71$3,530,443$3,360,843$3,311,243$3,663,053
72$3,828,938$3,463,914$3,360,560$3,859,871
73$4,155,939$3,570,095$3,409,587$4,066,850
74$4,514,291$3,679,477$3,458,255$4,289,731
75$4,907,131$3,792,153$3,506,489$4,529,998
76$5,337,911$3,908,220$3,554,208$4,789,279
77$5,810,432$4,027,778$3,601,329$5,069,366
78$6,328,885$4,150,928$3,647,763$5,372,231
79$6,897,883$4,277,775$3,693,414$5,700,040
80$7,522,506$4,408,425$3,738,183$6,055,180
81$8,208,355$4,542,991$3,781,964$6,440,275
82$8,961,594$4,681,584$3,824,647$6,858,214
83$9,789,017$4,824,322$3,866,113$7,312,174
84$10,698,107$4,971,325$3,906,239$7,805,654
85$11,697,109$5,122,715$3,944,893$8,342,506
86$12,795,105$5,278,618$3,981,937$8,926,969
87$14,002,100$5,439,165$4,017,227$9,563,710
88$15,329,119$5,604,489$4,050,608$10,257,867
89$16,788,305$5,774,725$4,081,920$11,015,100
90$18,393,041$5,950,015$4,110,993$11,841,637
91$20,158,068$6,130,503$4,137,648$12,744,341
92$22,099,629$6,316,336$4,161,698$13,730,766
93$24,235,621$6,507,666$4,182,944$14,809,235
94$26,585,762$6,704,649$4,201,180$15,988,911
95$29,171,777$6,907,444$4,216,187$17,279,888
96$32,017,606$7,116,216$4,227,737$18,693,286
97$35,149,623$7,331,133$4,235,588$20,241,350
98$38,596,893$7,552,366$4,239,488$21,937,571
99$42,391,437$7,780,093$4,239,172$23,796,809
100$46,568,541$8,014,495$4,234,361$25,835,435