Can I retire at age 71 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$404,637$401,033$397,517$394,084$390,733$375,082
2 years$200,316$196,585$192,969$189,464$186,063$170,492
3 years$132,217$128,470$124,864$121,391$118,046$103,045
4 years$98,175$94,439$90,869$87,456$84,192$69,874
5 years$77,754$74,042$70,518$67,174$64,001$50,403
6 years$64,145$60,461$56,989$53,720$50,642$37,773
7 years$54,429$50,775$47,358$44,166$41,185$29,040
8 years$47,144$43,523$40,163$37,050$34,167$22,734
9 years$41,482$37,895$34,593$31,558$28,774$18,034
10 years$36,954$33,402$30,159$27,203$24,517$14,449
11 years$33,252$29,736$26,551$23,675$21,085$11,666
12 years$30,170$26,690$23,564$20,766$18,272$9,476
13 years$27,563$24,120$21,053$18,334$15,934$7,734
14 years$25,331$21,924$18,916$16,274$13,967$6,336
15 years$23,398$20,028$17,078$14,514$12,298$5,207
16 years$21,709$18,375$15,484$12,996$10,869$4,289
17 years$20,220$16,923$14,090$11,676$9,637$3,541
18 years$18,897$15,638$12,862$10,523$8,569$2,928
19 years$17,716$14,493$11,775$9,508$7,638$2,424
20 years$16,654$13,467$10,806$8,612$6,822$2,009
21 years$15,694$12,544$9,940$7,816$6,105$1,667
22 years$14,822$11,710$9,161$7,106$5,472$1,384
23 years$14,028$10,952$8,459$6,472$4,912$1,150
24 years$13,301$10,261$7,823$5,903$4,415$956
25 years$12,633$9,630$7,245$5,391$3,973$795
26 years$12,017$9,050$6,720$4,929$3,579$661
27 years$11,448$8,517$6,240$4,512$3,227$550
28 years$10,921$8,026$5,801$4,134$2,911$458
29 years$10,431$7,571$5,398$3,791$2,629$381
30 years$9,974$7,150$5,028$3,479$2,375$317
31 years$9,548$6,760$4,688$3,195$2,148$264
32 years$9,149$6,396$4,374$2,936$1,943$220
33 years$8,775$6,057$4,084$2,700$1,758$183
34 years$8,424$5,741$3,816$2,484$1,592$153
35 years$8,094$5,445$3,567$2,287$1,442$127
36 years$7,782$5,168$3,337$2,106$1,306$106
37 years$7,489$4,908$3,123$1,941$1,184$88
38 years$7,211$4,665$2,925$1,789$1,073$74
39 years$6,948$4,436$2,740$1,649$973$61
40 years$6,699$4,220$2,569$1,521$883$51
41 years$6,463$4,017$2,408$1,404$801$43
42 years$6,238$3,826$2,259$1,295$727$35
43 years$6,025$3,645$2,120$1,196$660$30
44 years$5,822$3,475$1,990$1,104$599$25
45 years$5,628$3,314$1,869$1,020$544$21
46 years$5,444$3,161$1,755$942$493$17
47 years$5,268$3,017$1,649$870$448$14
48 years$5,099$2,880$1,549$804$407$12
49 years$4,938$2,750$1,456$743$370$10
50 years$4,784$2,627$1,369$687$336$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $4,900,000, adding $3,215 every year, while hoping to spend $35,132 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: 70/8/22 Blend
70$4,900,000$4,900,000$4,900,000$4,900,000
71$5,403,116$5,143,416$5,067,466$5,751,515
72$5,916,854$5,358,063$5,199,846$6,199,290
73$6,481,815$5,582,051$5,335,483$6,684,835
74$7,103,188$5,815,799$5,474,450$7,215,476
75$7,786,689$6,059,748$5,616,819$7,795,674
76$8,538,613$6,314,359$5,762,665$8,430,344
77$9,365,902$6,580,112$5,912,064$9,124,895
78$10,276,198$6,857,512$6,065,093$9,885,285
79$11,277,927$7,147,087$6,221,830$10,718,074
80$12,380,369$7,449,387$6,382,355$11,630,487
81$13,593,751$7,764,992$6,546,748$12,630,478
82$14,929,341$8,094,504$6,715,092$13,726,810
83$16,399,556$8,438,557$6,887,469$14,929,133
84$18,018,077$8,797,812$7,063,965$16,248,075
85$19,799,978$9,172,962$7,244,666$17,695,344
86$21,761,871$9,564,733$7,429,658$19,283,833
87$23,922,060$9,973,882$7,619,029$21,027,746
88$26,300,713$10,401,205$7,812,869$22,942,728
89$28,920,054$10,847,533$8,011,269$25,046,014
90$31,804,574$11,313,736$8,214,320$27,356,589
91$34,981,256$11,800,725$8,422,116$29,895,366
92$38,479,838$12,309,454$8,634,750$32,685,387
93$42,333,085$12,840,921$8,852,318$35,752,032
94$46,577,105$13,396,172$9,074,916$39,123,265
95$51,251,686$13,976,300$9,302,642$42,829,891
96$56,400,671$14,582,452$9,535,594$46,905,852
97$62,072,374$15,215,827$9,773,870$51,388,538
98$68,320,034$15,877,680$10,017,573$56,319,147
99$75,202,317$16,569,327$10,266,802$61,743,069
100$82,783,874$17,292,144$10,521,660$67,710,313