Can I retire at age 71 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$289,027$286,452$283,940$281,489$279,095$274,924
2 years$143,083$140,418$137,835$135,331$132,902$128,710
3 years$94,441$91,765$89,188$86,708$84,319$80,235
4 years$70,125$67,457$64,906$62,468$60,137$56,193
5 years$55,539$52,887$50,370$47,982$45,715$41,923
6 years$45,818$43,186$40,706$38,371$36,173$32,536
7 years$38,878$36,268$33,827$31,547$29,418$25,939
8 years$33,674$31,088$28,688$26,464$24,405$21,083
9 years$29,630$27,068$24,709$22,542$20,553$17,385
10 years$26,396$23,859$21,542$19,431$17,512$14,497
11 years$23,752$21,240$18,965$16,911$15,061$12,195
12 years$21,550$19,064$16,831$14,833$13,051$10,332
13 years$19,688$17,228$15,038$13,095$11,381$8,804
14 years$18,094$15,660$13,511$11,625$9,977$7,537
15 years$16,713$14,306$12,199$10,367$8,784$6,479
16 years$15,506$13,125$11,060$9,283$7,763$5,587
17 years$14,443$12,088$10,064$8,340$6,884$4,832
18 years$13,498$11,170$9,187$7,516$6,121$4,188
19 years$12,654$10,352$8,411$6,792$5,455$3,638
20 years$11,895$9,620$7,719$6,151$4,873$3,166
21 years$11,210$8,960$7,100$5,583$4,361$2,759
22 years$10,587$8,364$6,544$5,076$3,909$2,407
23 years$10,020$7,823$6,042$4,623$3,509$2,103
24 years$9,501$7,329$5,588$4,216$3,154$1,839
25 years$9,024$6,878$5,175$3,850$2,838$1,609
26 years$8,584$6,464$4,800$3,521$2,556$1,409
27 years$8,177$6,084$4,457$3,223$2,305$1,235
28 years$7,801$5,733$4,143$2,953$2,080$1,083
29 years$7,451$5,408$3,856$2,708$1,878$950
30 years$7,124$5,107$3,592$2,485$1,697$834
31 years$6,820$4,828$3,348$2,282$1,534$732
32 years$6,535$4,569$3,124$2,097$1,388$643
33 years$6,268$4,326$2,917$1,929$1,256$565
34 years$6,017$4,100$2,725$1,775$1,137$496
35 years$5,781$3,889$2,548$1,634$1,030$436
36 years$5,559$3,691$2,384$1,504$933$383
37 years$5,349$3,506$2,231$1,386$846$337
38 years$5,151$3,332$2,089$1,278$767$296
39 years$4,963$3,168$1,957$1,178$695$261
40 years$4,785$3,014$1,835$1,087$631$229
41 years$4,616$2,869$1,720$1,003$572$202
42 years$4,456$2,733$1,614$925$519$177
43 years$4,304$2,604$1,514$854$471$156
44 years$4,158$2,482$1,421$789$428$137
45 years$4,020$2,367$1,335$728$388$121
46 years$3,888$2,258$1,254$673$352$106
47 years$3,763$2,155$1,178$622$320$94
48 years$3,642$2,057$1,107$574$291$82
49 years$3,527$1,964$1,040$531$264$72
50 years$3,417$1,876$978$491$240$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,500,000, adding $2,040 every year, while hoping to spend $36,548 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: 63/8/29 Blend
70$3,500,000$3,500,000$3,500,000$3,500,000
71$3,859,104$3,673,604$3,619,354$4,072,121
72$4,213,846$3,814,724$3,701,716$4,358,125
73$4,603,547$3,961,534$3,785,612$4,666,239
74$5,031,733$4,114,274$3,871,054$5,002,037
75$5,502,291$4,273,195$3,958,056$5,368,241
76$6,019,502$4,438,558$4,046,628$5,767,848
77$6,588,082$4,610,638$4,136,780$6,204,159
78$7,213,226$4,789,719$4,228,523$6,680,808
79$7,900,660$4,976,100$4,321,862$7,201,797
80$8,656,689$5,170,091$4,416,807$7,771,533
81$9,488,264$5,372,018$4,513,363$8,394,869
82$10,403,041$5,582,221$4,611,534$9,077,151
83$11,409,454$5,801,052$4,711,323$9,824,267
84$12,516,798$6,028,884$4,812,733$10,642,699
85$13,735,314$6,266,102$4,915,762$11,539,592
86$15,076,286$6,513,111$5,020,410$12,522,811
87$16,552,146$6,770,332$5,126,672$13,601,023
88$18,176,593$7,038,206$5,234,544$14,783,774
89$19,964,721$7,317,194$5,344,017$16,081,581
90$21,933,164$7,607,778$5,455,083$17,506,027
91$24,100,247$7,910,459$5,567,728$19,069,875
92$26,486,164$8,225,763$5,681,939$20,787,185
93$29,113,167$8,554,240$5,797,698$22,673,446
94$32,005,774$8,896,462$5,914,986$24,745,723
95$35,191,005$9,253,030$6,033,779$27,022,817
96$38,698,629$9,624,570$6,154,052$29,525,442
97$42,561,452$10,011,737$6,275,776$32,276,420
98$46,815,623$10,415,216$6,398,917$35,300,895
99$51,500,976$10,835,721$6,523,441$38,626,573
100$56,661,405$11,274,001$6,649,306$42,283,977