Can I retire at age 71 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$388,122$384,664$381,291$377,999$374,785$365,724
2 years$192,139$188,561$185,093$181,730$178,469$169,395
3 years$126,821$123,227$119,767$116,436$113,228$104,425
4 years$94,168$90,585$87,160$83,886$80,755$72,290
5 years$74,581$71,019$67,640$64,432$61,389$53,285
6 years$61,527$57,993$54,663$51,527$48,575$40,841
7 years$52,207$48,702$45,425$42,363$39,504$32,141
8 years$45,220$41,747$38,524$35,538$32,773$25,777
9 years$39,788$36,348$33,181$30,270$27,599$20,966
10 years$35,446$32,039$28,928$26,093$23,516$17,237
11 years$31,895$28,522$25,468$22,709$20,225$14,291
12 years$28,938$25,600$22,602$19,919$17,526$11,928
13 years$26,438$23,135$20,193$17,585$15,283$10,010
14 years$24,297$21,029$18,144$15,610$13,397$8,438
15 years$22,443$19,211$16,381$13,922$11,796$7,138
16 years$20,823$17,625$14,852$12,465$10,425$6,057
17 years$19,394$16,232$13,515$11,200$9,244$5,152
18 years$18,126$14,999$12,337$10,093$8,219$4,392
19 years$16,993$13,901$11,294$9,120$7,326$3,751
20 years$15,974$12,918$10,365$8,260$6,544$3,208
21 years$15,053$12,032$9,534$7,497$5,856$2,747
22 years$14,217$11,232$8,787$6,816$5,249$2,355
23 years$13,455$10,505$8,113$6,208$4,712$2,021
24 years$12,758$9,842$7,503$5,662$4,235$1,735
25 years$12,117$9,237$6,950$5,171$3,811$1,491
26 years$11,527$8,681$6,445$4,728$3,433$1,282
27 years$10,981$8,170$5,985$4,327$3,095$1,103
28 years$10,475$7,698$5,564$3,965$2,793$949
29 years$10,005$7,262$5,178$3,636$2,522$817
30 years$9,567$6,859$4,823$3,337$2,278$704
31 years$9,158$6,484$4,496$3,065$2,060$606
32 years$8,776$6,135$4,195$2,816$1,863$522
33 years$8,417$5,810$3,917$2,590$1,686$450
34 years$8,080$5,506$3,660$2,383$1,527$388
35 years$7,763$5,223$3,422$2,194$1,383$334
36 years$7,465$4,957$3,201$2,020$1,253$288
37 years$7,183$4,708$2,996$1,861$1,136$248
38 years$6,917$4,474$2,806$1,716$1,030$214
39 years$6,664$4,255$2,629$1,582$934$185
40 years$6,426$4,048$2,464$1,459$847$159
41 years$6,199$3,853$2,310$1,346$768$137
42 years$5,984$3,670$2,167$1,242$697$119
43 years$5,779$3,497$2,033$1,147$633$102
44 years$5,584$3,333$1,909$1,059$574$88
45 years$5,399$3,178$1,792$978$521$76
46 years$5,222$3,032$1,683$903$473$66
47 years$5,053$2,893$1,581$835$430$57
48 years$4,891$2,762$1,486$771$390$49
49 years$4,737$2,638$1,397$713$355$42
50 years$4,589$2,520$1,313$659$322$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,700,000, adding $6,509 every year, while hoping to spend $42,070 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: 61/33/6 Blend
70$4,700,000$4,700,000$4,700,000$4,700,000
71$5,186,114$4,937,014$4,864,164$5,496,343
72$5,670,336$5,134,166$4,982,351$5,901,562
73$6,202,538$5,339,568$5,103,088$6,338,023
74$6,787,570$5,553,580$5,226,415$6,813,142
75$7,430,775$5,776,578$5,352,373$7,330,644
76$8,138,040$6,008,956$5,481,003$7,894,625
77$8,915,849$6,251,125$5,612,346$8,509,588
78$9,771,349$6,503,513$5,746,443$9,180,489
79$10,712,411$6,766,569$5,883,333$9,912,777
80$11,747,710$7,040,764$6,023,057$10,712,449
81$12,886,802$7,326,587$6,165,655$11,586,100
82$14,140,217$7,624,551$6,311,166$12,540,990
83$15,519,558$7,935,193$6,459,629$13,585,107
84$17,037,608$8,259,073$6,611,082$14,727,239
85$18,708,454$8,596,778$6,765,564$15,977,062
86$20,547,616$8,948,919$6,923,110$17,345,224
87$22,572,196$9,316,139$7,083,757$18,843,444
88$24,801,038$9,699,108$7,247,540$20,484,625
89$27,254,906$10,098,526$7,414,495$22,282,970
90$29,956,679$10,515,127$7,584,653$24,254,114
91$32,931,569$10,949,677$7,758,048$26,415,273
92$36,207,356$11,402,978$7,934,710$28,785,401
93$39,814,651$11,875,869$8,114,667$31,385,368
94$43,787,187$12,369,227$8,297,950$34,238,154
95$48,162,131$12,883,970$8,484,582$37,369,065
96$52,980,442$13,421,059$8,674,589$40,805,967
97$58,287,252$13,981,496$8,867,993$44,579,550
98$64,132,296$14,566,333$9,064,815$48,723,609
99$70,570,376$15,176,669$9,265,072$53,275,367
100$77,661,882$15,813,654$9,468,780$58,275,819