Can I retire at age 71 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$520,248$515,614$511,093$506,680$502,371$495,068
2 years$257,549$252,752$248,103$243,596$239,224$231,882
3 years$169,994$165,176$160,539$156,074$151,774$144,620
4 years$126,225$121,422$116,831$112,443$108,246$101,337
5 years$99,970$95,196$90,666$86,367$82,287$75,642
6 years$82,473$77,735$73,272$69,068$65,111$58,738
7 years$69,980$65,282$60,889$56,785$52,953$46,854
8 years$60,614$55,958$51,639$47,635$43,929$38,103
9 years$53,333$48,722$44,476$40,575$36,995$31,439
10 years$47,512$42,946$38,776$34,976$31,521$26,232
11 years$42,753$38,232$34,137$30,439$27,110$22,081
12 years$38,789$34,315$30,296$26,700$23,493$18,719
13 years$35,438$31,011$27,068$23,572$20,486$15,961
14 years$32,569$28,188$24,320$20,924$17,958$13,674
15 years$30,084$25,750$21,958$18,661$15,812$11,761
16 years$27,911$23,625$19,908$16,709$13,974$10,150
17 years$25,997$21,758$18,116$15,013$12,391$8,784
18 years$24,297$20,106$16,537$13,529$11,017$7,620
19 years$22,777$18,634$15,139$12,225$9,820$6,624
20 years$21,412$17,315$13,894$11,072$8,771$5,768
21 years$20,178$16,128$12,780$10,049$7,849$5,030
22 years$19,057$15,055$11,778$9,136$7,036$4,393
23 years$18,036$14,081$10,875$8,321$6,316$3,840
24 years$17,101$13,193$10,058$7,589$5,677$3,360
25 years$16,242$12,381$9,316$6,931$5,108$2,943
26 years$15,451$11,636$8,640$6,337$4,601$2,580
27 years$14,719$10,951$8,023$5,801$4,148$2,262
28 years$14,041$10,319$7,458$5,315$3,743$1,985
29 years$13,411$9,735$6,940$4,874$3,380$1,743
30 years$12,824$9,193$6,465$4,473$3,054$1,531
31 years$12,276$8,691$6,027$4,108$2,761$1,345
32 years$11,763$8,223$5,623$3,775$2,498$1,182
33 years$11,282$7,788$5,250$3,472$2,260$1,040
34 years$10,831$7,381$4,906$3,194$2,047$914
35 years$10,406$7,001$4,586$2,940$1,854$804
36 years$10,006$6,645$4,291$2,708$1,679$707
37 years$9,628$6,311$4,016$2,495$1,522$623
38 years$9,271$5,998$3,761$2,300$1,380$548
39 years$8,933$5,703$3,523$2,121$1,251$482
40 years$8,613$5,426$3,302$1,956$1,135$425
41 years$8,309$5,165$3,097$1,805$1,030$374
42 years$8,021$4,919$2,905$1,665$934$329
43 years$7,746$4,687$2,726$1,537$848$290
44 years$7,485$4,468$2,559$1,419$770$255
45 years$7,236$4,260$2,402$1,311$699$225
46 years$6,999$4,064$2,256$1,211$634$198
47 years$6,773$3,878$2,120$1,119$576$174
48 years$6,556$3,702$1,992$1,034$523$154
49 years$6,349$3,536$1,872$955$475$135
50 years$6,151$3,377$1,760$883$432$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $6,300,000, adding $3,577 every year, while hoping to spend $51,461 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: 49/33/18 Blend
70$6,300,000$6,300,000$6,300,000$6,300,000
71$6,946,290$6,612,390$6,514,740$7,251,539
72$7,600,057$6,881,643$6,678,229$7,732,400
73$8,318,784$7,162,364$6,845,471$8,248,912
74$9,109,042$7,455,062$7,016,537$8,808,911
75$9,978,071$7,760,267$7,191,497$9,416,502
76$10,933,849$8,078,534$7,370,427$10,076,200
77$11,985,163$8,410,444$7,553,397$10,792,965
78$13,141,697$8,756,603$7,740,483$11,572,249
79$14,414,120$9,117,646$7,931,760$12,420,048
80$15,814,187$9,494,238$8,127,300$13,342,952
81$17,354,850$9,887,072$8,327,181$14,348,210
82$19,050,381$10,296,875$8,531,478$15,443,794
83$20,916,505$10,724,406$8,740,267$16,638,473
84$22,970,547$11,170,461$8,953,625$17,941,891
85$25,231,598$11,635,870$9,171,627$19,364,660
86$27,720,696$12,121,502$9,394,352$20,918,454
87$30,461,020$12,628,268$9,621,875$22,616,119
88$33,478,109$13,157,119$9,854,274$24,471,791
89$36,800,110$13,709,051$10,091,625$26,501,026
90$40,458,032$14,285,105$10,334,005$28,720,944
91$44,486,047$14,886,372$10,581,491$31,150,390
92$48,921,812$15,513,991$10,834,158$33,810,106
93$53,806,817$16,169,157$11,092,083$36,722,923
94$59,186,784$16,853,118$11,355,340$39,913,977
95$65,112,096$17,567,181$11,624,004$43,410,940
96$71,638,270$18,312,713$11,898,148$47,244,277
97$78,826,483$19,091,145$12,177,845$51,447,532
98$86,744,149$19,903,976$12,463,167$56,057,640
99$95,465,553$20,752,772$12,754,185$61,115,268
100$105,072,556$21,639,174$13,050,967$66,665,202