Can I retire at age 71 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$297,285$294,637$292,053$289,531$287,069$280,471
2 years$147,171$144,430$141,773$139,198$136,700$130,089
3 years$97,139$94,386$91,737$89,185$86,728$80,310
4 years$72,128$69,384$66,761$64,253$61,855$55,681
5 years$57,126$54,398$51,809$49,352$47,021$41,107
6 years$47,127$44,420$41,869$39,468$37,206$31,559
7 years$39,988$37,304$34,794$32,448$30,259$24,878
8 years$34,637$31,976$29,508$27,220$25,102$19,987
9 years$30,476$27,841$25,415$23,186$21,140$16,286
10 years$27,150$24,541$22,157$19,986$18,012$13,415
11 years$24,430$21,847$19,507$17,394$15,491$11,143
12 years$22,165$19,609$17,312$15,257$13,424$9,319
13 years$20,251$17,721$15,467$13,470$11,706$7,836
14 years$18,611$16,107$13,897$11,957$10,262$6,619
15 years$17,191$14,714$12,547$10,663$9,035$5,611
16 years$15,949$13,500$11,376$9,548$7,985$4,771
17 years$14,855$12,433$10,352$8,579$7,080$4,068
18 years$13,884$11,489$9,450$7,731$6,295$3,475
19 years$13,016$10,648$8,651$6,986$5,611$2,974
20 years$12,235$9,894$7,939$6,327$5,012$2,549
21 years$11,530$9,216$7,303$5,742$4,485$2,188
22 years$10,890$8,603$6,731$5,221$4,020$1,880
23 years$10,306$8,046$6,214$4,755$3,609$1,617
24 years$9,772$7,539$5,747$4,337$3,244$1,392
25 years$9,281$7,075$5,323$3,960$2,919$1,199
26 years$8,829$6,649$4,937$3,621$2,629$1,033
27 years$8,411$6,258$4,584$3,315$2,371$891
28 years$8,024$5,897$4,262$3,037$2,139$769
29 years$7,664$5,563$3,966$2,785$1,931$663
30 years$7,328$5,253$3,694$2,556$1,745$573
31 years$7,015$4,966$3,444$2,347$1,578$495
32 years$6,722$4,699$3,213$2,157$1,427$427
33 years$6,447$4,450$3,000$1,984$1,292$369
34 years$6,189$4,218$2,803$1,825$1,169$319
35 years$5,946$4,000$2,621$1,680$1,059$276
36 years$5,718$3,797$2,452$1,547$960$238
37 years$5,502$3,606$2,295$1,426$870$206
38 years$5,298$3,427$2,149$1,314$789$178
39 years$5,105$3,259$2,013$1,212$715$154
40 years$4,922$3,101$1,887$1,118$649$133
41 years$4,748$2,951$1,770$1,031$588$115
42 years$4,583$2,811$1,660$952$534$99
43 years$4,427$2,678$1,558$878$485$86
44 years$4,277$2,553$1,462$811$440$74
45 years$4,135$2,434$1,373$749$399$64
46 years$3,999$2,322$1,289$692$363$56
47 years$3,870$2,216$1,211$639$329$48
48 years$3,746$2,116$1,138$591$299$42
49 years$3,628$2,020$1,070$546$272$36
50 years$3,515$1,930$1,006$505$247$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,600,000, adding $6,819 every year, while hoping to spend $37,214 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: 66/10/24 Blend
70$3,600,000$3,600,000$3,600,000$3,600,000
71$3,974,234$3,783,434$3,727,634$4,211,460
72$4,340,010$3,929,227$3,812,914$4,517,685
73$4,741,849$4,080,916$3,899,804$4,847,515
74$5,183,388$4,238,752$3,988,318$5,207,271
75$5,668,637$4,402,994$4,078,471$5,599,899
76$6,202,013$4,573,916$4,170,274$6,028,644
77$6,788,381$4,751,801$4,263,741$6,497,079
78$7,433,103$4,936,945$4,358,883$7,009,135
79$8,142,083$5,129,660$4,455,710$7,569,144
80$8,921,830$5,330,267$4,554,230$8,181,875
81$9,779,512$5,539,106$4,654,453$8,852,579
82$10,723,030$5,756,530$4,756,384$9,587,041
83$11,761,085$5,982,906$4,860,029$10,391,631
84$12,903,268$6,218,620$4,965,392$11,273,365
85$14,160,143$6,464,075$5,072,475$12,239,970
86$15,543,354$6,719,690$5,181,279$13,299,958
87$17,065,726$6,985,905$5,291,802$14,462,704
88$18,741,394$7,263,179$5,404,041$15,738,536
89$20,585,932$7,551,990$5,517,992$17,138,831
90$22,616,499$7,852,840$5,633,647$18,676,119
91$24,852,005$8,166,252$5,750,997$20,364,206
92$27,313,284$8,492,772$5,870,030$22,218,301
93$30,023,294$8,832,973$5,990,731$24,255,157
94$33,007,333$9,187,452$6,113,083$26,493,233
95$36,293,276$9,556,832$6,237,067$28,952,864
96$39,911,840$9,941,767$6,362,659$31,656,454
97$43,896,872$10,342,938$6,489,832$34,628,685
98$48,285,669$10,761,058$6,618,557$37,896,752
99$53,119,329$11,196,872$6,748,802$41,490,617
100$58,443,142$11,651,160$6,880,527$45,443,292