Can I retire at age 71 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$396,380$392,849$389,404$386,042$382,759$373,809
2 years$196,227$192,573$189,031$185,597$182,266$173,301
3 years$129,519$125,849$122,316$118,914$115,637$106,936
4 years$96,171$92,512$89,014$85,671$82,473$74,103
5 years$76,168$72,531$69,079$65,803$62,695$54,679
6 years$62,836$59,227$55,826$52,623$49,608$41,955
7 years$53,318$49,738$46,392$43,265$40,345$33,055
8 years$46,182$42,635$39,344$36,294$33,470$26,541
9 years$40,635$37,121$33,887$30,914$28,187$21,613
10 years$36,200$32,721$29,543$26,648$24,016$17,791
11 years$32,574$29,129$26,009$23,192$20,655$14,770
12 years$29,554$26,145$23,083$20,342$17,899$12,344
13 years$27,001$23,627$20,623$17,959$15,608$10,373
14 years$24,814$21,477$18,530$15,942$13,682$8,755
15 years$22,921$19,619$16,730$14,218$12,047$7,417
16 years$21,266$18,000$15,168$12,730$10,647$6,303
17 years$19,807$16,578$13,802$11,438$9,440$5,369
18 years$18,512$15,318$12,600$10,308$8,394$4,584
19 years$17,354$14,197$11,534$9,314$7,482$3,920
20 years$16,314$13,193$10,586$8,436$6,683$3,358
21 years$15,373$12,288$9,737$7,656$5,980$2,880
22 years$14,520$11,471$8,974$6,961$5,361$2,473
23 years$13,742$10,728$8,286$6,340$4,812$2,125
24 years$13,029$10,052$7,663$5,782$4,325$1,828
25 years$12,375$9,433$7,098$5,281$3,892$1,573
26 years$11,772$8,866$6,583$4,828$3,506$1,355
27 years$11,215$8,344$6,113$4,419$3,161$1,167
28 years$10,698$7,862$5,682$4,049$2,852$1,006
29 years$10,218$7,417$5,288$3,713$2,575$867
30 years$9,771$7,005$4,926$3,408$2,327$748
31 years$9,353$6,622$4,592$3,130$2,104$646
32 years$8,962$6,265$4,284$2,876$1,903$557
33 years$8,596$5,933$4,000$2,645$1,722$481
34 years$8,252$5,624$3,738$2,434$1,559$415
35 years$7,928$5,334$3,494$2,240$1,412$359
36 years$7,624$5,063$3,269$2,063$1,280$310
37 years$7,336$4,808$3,060$1,901$1,160$267
38 years$7,064$4,570$2,865$1,752$1,051$231
39 years$6,806$4,345$2,684$1,616$953$200
40 years$6,562$4,134$2,516$1,490$865$172
41 years$6,331$3,935$2,359$1,375$785$149
42 years$6,111$3,748$2,213$1,269$712$129
43 years$5,902$3,571$2,077$1,171$646$111
44 years$5,703$3,404$1,949$1,082$586$96
45 years$5,513$3,246$1,830$999$532$83
46 years$5,333$3,096$1,719$923$483$72
47 years$5,160$2,955$1,615$852$439$62
48 years$4,995$2,821$1,518$788$399$54
49 years$4,837$2,694$1,427$728$362$46
50 years$4,686$2,573$1,341$673$329$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,800,000, adding $4,984 every year, while hoping to spend $24,164 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: 47/27/26 Blend
70$4,800,000$4,800,000$4,800,000$4,800,000
71$5,294,741$5,040,341$4,965,941$5,503,973
72$5,809,094$5,261,607$5,106,590$5,872,996
73$6,375,102$5,492,906$5,251,140$6,270,563
74$6,998,007$5,734,703$5,399,698$6,701,652
75$7,683,586$5,987,486$5,552,371$7,169,421
76$8,438,206$6,251,767$5,709,269$7,677,344
77$9,268,880$6,528,080$5,870,506$8,229,233
78$10,183,337$6,816,988$6,036,200$8,829,284
79$11,190,093$7,119,076$6,206,468$9,482,105
80$12,298,532$7,434,960$6,381,434$10,192,763
81$13,518,994$7,765,285$6,561,224$10,966,831
82$14,862,872$8,110,725$6,745,966$11,810,435
83$16,342,722$8,471,987$6,935,793$12,730,314
84$17,972,377$8,849,812$7,130,839$13,733,879
85$19,767,081$9,244,975$7,331,245$14,829,284
86$21,743,634$9,658,289$7,537,152$16,025,497
87$23,920,545$10,090,605$7,748,707$17,332,385
88$26,318,211$10,542,816$7,966,059$18,760,807
89$28,959,109$11,015,854$8,189,362$20,322,709
90$31,868,007$11,510,699$8,418,774$22,031,239
91$35,072,196$12,028,376$8,654,456$23,900,868
92$38,601,753$12,569,960$8,896,573$25,947,521
93$42,489,819$13,136,575$9,145,295$28,188,727
94$46,772,914$13,729,400$9,400,796$30,643,784
95$51,491,283$14,349,672$9,663,254$33,333,932
96$56,689,272$14,998,685$9,932,852$36,282,558
97$62,415,752$15,677,794$10,209,776$39,515,406
98$68,724,574$16,388,422$10,494,219$43,060,824
99$75,675,082$17,132,056$10,786,377$46,950,022
100$83,332,670$17,910,257$11,086,451$51,217,367