Can I retire at age 71 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$487,216$482,877$478,642$474,510$470,474$452,165
2 years$241,196$236,704$232,351$228,130$224,035$205,810
3 years$159,200$154,689$150,346$146,165$142,137$124,570
4 years$118,210$113,713$109,414$105,304$101,373$84,598
5 years$93,623$89,152$84,909$80,883$77,063$61,121
6 years$77,236$72,799$68,619$64,683$60,977$45,881
7 years$65,536$61,137$57,023$53,179$49,591$35,335
8 years$56,765$52,406$48,360$44,611$41,140$27,710
9 years$49,947$45,628$41,653$37,999$34,646$22,022
10 years$44,496$40,219$36,314$32,755$29,520$17,679
11 years$40,038$35,805$31,970$28,507$25,388$14,302
12 years$36,327$32,136$28,373$25,004$22,001$11,641
13 years$33,188$29,042$25,349$22,075$19,185$9,520
14 years$30,501$26,398$22,776$19,596$16,818$7,816
15 years$28,174$24,115$20,564$17,476$14,808$6,437
16 years$26,139$22,125$18,644$15,648$13,087$5,314
17 years$24,346$20,377$16,965$14,059$11,604$4,396
18 years$22,754$18,829$15,487$12,670$10,318$3,643
19 years$21,331$17,450$14,178$11,449$9,196$3,023
20 years$20,052$16,216$13,012$10,369$8,214$2,512
21 years$18,897$15,104$11,968$9,411$7,351$2,089
22 years$17,847$14,099$11,031$8,556$6,589$1,738
23 years$16,891$13,187$10,185$7,792$5,915$1,447
24 years$16,015$12,355$9,419$7,107$5,316$1,206
25 years$15,211$11,595$8,724$6,491$4,784$1,005
26 years$14,470$10,897$8,091$5,935$4,309$838
27 years$13,785$10,256$7,513$5,432$3,885$699
28 years$13,150$9,664$6,985$4,977$3,506$583
29 years$12,560$9,117$6,500$4,564$3,165$487
30 years$12,010$8,610$6,054$4,189$2,860$406
31 years$11,497$8,139$5,644$3,847$2,586$339
32 years$11,016$7,701$5,266$3,535$2,339$283
33 years$10,566$7,293$4,917$3,251$2,117$236
34 years$10,143$6,912$4,594$2,991$1,917$197
35 years$9,745$6,556$4,295$2,754$1,736$165
36 years$9,371$6,223$4,018$2,536$1,573$138
37 years$9,017$5,910$3,761$2,337$1,426$115
38 years$8,682$5,617$3,522$2,154$1,292$96
39 years$8,366$5,341$3,300$1,986$1,172$80
40 years$8,066$5,082$3,093$1,832$1,063$67
41 years$7,782$4,837$2,900$1,690$964$56
42 years$7,512$4,607$2,720$1,560$875$47
43 years$7,255$4,389$2,553$1,440$794$39
44 years$7,010$4,184$2,396$1,329$721$33
45 years$6,777$3,990$2,250$1,228$654$27
46 years$6,555$3,806$2,113$1,134$594$23
47 years$6,343$3,632$1,985$1,048$540$19
48 years$6,140$3,467$1,866$968$490$16
49 years$5,946$3,311$1,754$895$445$13
50 years$5,760$3,163$1,649$827$404$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $5,900,000, adding $2,538 every year, while hoping to spend $48,883 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: 56/15/29 Blend
70$5,900,000$5,900,000$5,900,000$5,900,000
71$6,504,418$6,191,718$6,100,268$6,816,421
72$7,115,857$6,443,101$6,252,616$7,283,021
73$7,788,025$6,705,163$6,408,429$7,785,886
74$8,527,065$6,978,377$6,567,772$8,332,835
75$9,339,743$7,263,235$6,730,710$8,928,141
76$10,233,516$7,560,253$6,897,308$9,576,507
77$11,216,599$7,869,970$7,067,632$10,283,108
78$12,298,043$8,192,949$7,241,749$11,053,637
79$13,487,821$8,529,782$7,419,725$11,894,362
80$14,796,921$8,881,083$7,601,629$12,812,182
81$16,237,450$9,247,499$7,787,526$13,814,688
82$17,822,747$9,629,703$7,977,485$14,910,241
83$19,567,510$10,028,401$8,171,573$16,108,041
84$21,487,934$10,444,331$8,369,859$17,418,220
85$23,601,864$10,878,265$8,572,410$18,851,932
86$25,928,963$11,331,009$8,779,295$20,421,459
87$28,490,898$11,803,409$8,990,582$22,140,325
88$31,311,541$12,296,347$9,206,338$24,023,423
89$34,417,198$12,810,748$9,426,630$26,087,152
90$37,836,857$13,347,579$9,651,527$28,349,573
91$41,602,457$13,907,852$9,881,094$30,830,577
92$45,749,196$14,492,624$10,115,399$33,552,070
93$50,315,855$15,103,004$10,354,506$36,538,180
94$55,345,172$15,740,151$10,598,481$39,815,482
95$60,884,237$16,405,276$10,847,388$43,413,249
96$66,984,943$17,099,648$11,101,289$47,363,723
97$73,704,473$17,824,597$11,360,248$51,702,419
98$81,105,837$18,581,510$11,624,324$56,468,461
99$89,258,471$19,371,842$11,893,577$61,704,944
100$98,238,888$20,197,116$12,168,066$67,459,345