Can I retire at age 71 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$371,606$368,296$365,066$361,914$358,836$347,907
2 years$183,963$180,537$177,217$173,997$170,874$159,957
3 years$121,424$117,983$114,671$111,482$108,410$97,847
4 years$90,160$86,730$83,451$80,316$77,319$67,191
5 years$71,407$67,997$64,761$61,691$58,776$49,112
6 years$58,909$55,525$52,337$49,334$46,508$37,314
7 years$49,985$46,630$43,492$40,561$37,823$29,101
8 years$43,296$39,970$36,885$34,025$31,378$23,121
9 years$38,095$34,801$31,769$28,982$26,425$18,624
10 years$33,937$30,676$27,697$24,983$22,515$15,159
11 years$30,538$27,309$24,384$21,742$19,364$12,440
12 years$27,707$24,511$21,640$19,071$16,780$10,275
13 years$25,313$22,151$19,334$16,837$14,633$8,530
14 years$23,263$20,134$17,372$14,946$12,827$7,111
15 years$21,488$18,393$15,684$13,329$11,294$5,949
16 years$19,937$16,875$14,220$11,935$9,982$4,990
17 years$18,569$15,542$12,940$10,723$8,850$4,196
18 years$17,355$14,361$11,812$9,664$7,869$3,534
19 years$16,270$13,310$10,814$8,732$7,014$2,982
20 years$15,294$12,368$9,924$7,909$6,265$2,520
21 years$14,413$11,520$9,128$7,178$5,607$2,131
22 years$13,612$10,754$8,413$6,526$5,026$1,804
23 years$12,883$10,058$7,768$5,943$4,511$1,529
24 years$12,215$9,424$7,184$5,421$4,055$1,296
25 years$11,602$8,844$6,654$4,951$3,649$1,100
26 years$11,036$8,311$6,171$4,527$3,287$934
27 years$10,514$7,822$5,731$4,143$2,963$793
28 years$10,030$7,371$5,327$3,796$2,674$673
29 years$9,579$6,953$4,957$3,481$2,414$572
30 years$9,160$6,567$4,618$3,195$2,181$486
31 years$8,769$6,208$4,305$2,934$1,972$413
32 years$8,402$5,874$4,017$2,697$1,784$351
33 years$8,059$5,563$3,750$2,480$1,615$299
34 years$7,736$5,272$3,504$2,282$1,462$254
35 years$7,433$5,000$3,276$2,100$1,324$216
36 years$7,147$4,746$3,065$1,934$1,200$184
37 years$6,877$4,508$2,868$1,782$1,087$156
38 years$6,622$4,284$2,686$1,643$986$133
39 years$6,381$4,074$2,517$1,515$894$113
40 years$6,152$3,876$2,359$1,397$811$96
41 years$5,935$3,689$2,212$1,289$736$82
42 years$5,729$3,514$2,075$1,190$667$70
43 years$5,533$3,348$1,947$1,098$606$59
44 years$5,347$3,191$1,828$1,014$550$50
45 years$5,169$3,043$1,716$936$499$43
46 years$4,999$2,903$1,612$865$453$37
47 years$4,838$2,770$1,514$799$412$31
48 years$4,683$2,645$1,423$738$374$26
49 years$4,535$2,525$1,337$682$339$23
50 years$4,394$2,412$1,257$631$308$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,500,000, adding $3,762 every year, while hoping to spend $30,936 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: 49/37/14 Blend
70$4,500,000$4,500,000$4,500,000$4,500,000
71$4,962,881$4,724,381$4,654,631$5,186,726
72$5,436,179$4,922,959$4,777,645$5,539,850
73$5,956,716$5,130,232$4,903,744$5,919,699
74$6,529,279$5,346,591$5,032,997$6,331,627
75$7,159,141$5,572,449$5,165,477$6,778,650
76$7,852,110$5,808,236$5,301,257$7,264,085
77$8,614,588$6,054,403$5,440,413$7,791,572
78$9,453,628$6,311,421$5,583,019$8,365,115
79$10,377,002$6,579,784$5,729,153$8,989,113
80$11,393,271$6,860,008$5,878,895$9,668,402
81$12,511,871$7,152,635$6,032,324$10,408,297
82$13,743,198$7,458,230$6,189,523$11,214,644
83$15,098,706$7,777,385$6,350,574$12,093,871
84$16,591,017$8,110,720$6,515,561$13,053,044
85$18,234,040$8,458,884$6,684,572$14,099,941
86$20,043,100$8,822,557$6,857,692$15,243,111
87$22,035,082$9,202,449$7,035,012$16,491,962
88$24,228,597$9,599,305$7,216,620$17,856,844
89$26,644,146$10,013,903$7,402,610$19,349,146
90$29,304,325$10,447,061$7,593,073$20,981,397
91$32,234,030$10,899,631$7,788,105$22,767,386
92$35,460,696$11,372,508$7,987,802$24,722,289
93$39,014,554$11,866,627$8,192,260$26,862,807
94$42,928,917$12,382,970$8,401,579$29,207,324
95$47,240,494$12,922,563$8,615,859$31,776,075
96$51,989,735$13,486,480$8,835,201$34,591,334
97$57,221,216$14,075,846$9,059,709$37,677,623
98$62,984,057$14,691,839$9,289,486$41,061,938
99$69,332,386$15,335,694$9,524,639$44,774,001
100$76,325,849$16,008,702$9,765,274$48,846,537