Can I retire at age 71 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$172,590$171,053$169,553$168,089$166,660$162,829
2 years$85,441$83,849$82,307$80,812$79,362$75,524
3 years$56,395$54,797$53,258$51,777$50,350$46,625
4 years$41,874$40,281$38,758$37,302$35,910$32,326
5 years$33,165$31,581$30,078$28,652$27,298$23,865
6 years$27,360$25,788$24,308$22,913$21,600$18,322
7 years$23,215$21,657$20,200$18,838$17,567$14,443
8 years$20,108$18,564$17,131$15,803$14,573$11,604
9 years$17,693$16,163$14,755$13,461$12,273$9,455
10 years$15,762$14,247$12,864$11,603$10,457$7,788
11 years$14,183$12,683$11,325$10,098$8,993$6,469
12 years$12,868$11,384$10,051$8,857$7,794$5,410
13 years$11,757$10,288$8,980$7,820$6,796$4,549
14 years$10,804$9,351$8,068$6,942$5,957$3,843
15 years$9,980$8,543$7,284$6,191$5,245$3,258
16 years$9,259$7,838$6,604$5,543$4,636$2,770
17 years$8,624$7,218$6,010$4,980$4,111$2,361
18 years$8,060$6,670$5,486$4,488$3,655$2,017
19 years$7,556$6,182$5,022$4,056$3,258$1,727
20 years$7,103$5,744$4,609$3,673$2,910$1,480
21 years$6,694$5,351$4,240$3,334$2,604$1,270
22 years$6,322$4,995$3,907$3,031$2,334$1,092
23 years$5,983$4,671$3,608$2,760$2,095$939
24 years$5,673$4,377$3,337$2,518$1,883$808
25 years$5,388$4,107$3,090$2,299$1,695$696
26 years$5,126$3,860$2,866$2,102$1,526$600
27 years$4,883$3,633$2,662$1,924$1,376$517
28 years$4,658$3,423$2,474$1,763$1,242$446
29 years$4,449$3,229$2,302$1,617$1,121$385
30 years$4,254$3,050$2,145$1,484$1,013$332
31 years$4,072$2,883$1,999$1,363$916$287
32 years$3,902$2,728$1,865$1,252$829$248
33 years$3,743$2,584$1,742$1,152$750$214
34 years$3,593$2,449$1,627$1,060$679$185
35 years$3,452$2,322$1,522$975$615$160
36 years$3,319$2,204$1,423$898$557$138
37 years$3,194$2,094$1,332$828$505$120
38 years$3,076$1,990$1,248$763$458$103
39 years$2,964$1,892$1,169$703$415$89
40 years$2,857$1,800$1,096$649$377$77
41 years$2,757$1,714$1,027$599$342$67
42 years$2,661$1,632$964$552$310$58
43 years$2,570$1,555$904$510$281$50
44 years$2,483$1,482$849$471$255$43
45 years$2,401$1,413$797$435$232$37
46 years$2,322$1,348$749$402$210$32
47 years$2,247$1,287$703$371$191$28
48 years$2,175$1,228$661$343$174$24
49 years$2,106$1,173$621$317$158$21
50 years$2,041$1,120$584$293$143$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,090,000, adding $3,699 every year, while hoping to spend $29,556 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: 61/25/14 Blend
70$2,090,000$2,090,000$2,090,000$2,090,000
71$2,306,996$2,196,226$2,163,831$2,439,551
72$2,510,862$2,272,393$2,204,871$2,605,299
73$2,734,532$2,351,303$2,246,297$2,782,420
74$2,979,994$2,433,057$2,288,088$2,974,993
75$3,249,440$2,517,763$2,330,225$3,184,514
76$3,545,282$2,605,532$2,372,687$3,412,632
77$3,870,178$2,696,481$2,415,449$3,661,162
78$4,227,057$2,790,729$2,458,488$3,932,098
79$4,619,145$2,888,403$2,501,775$4,227,640
80$5,049,995$2,989,631$2,545,281$4,550,205
81$5,523,521$3,094,551$2,588,976$4,902,457
82$6,044,038$3,203,302$2,632,824$5,287,327
83$6,616,297$3,316,031$2,676,791$5,708,043
84$7,245,533$3,432,890$2,720,837$6,168,158
85$7,937,514$3,554,038$2,764,922$6,671,584
86$8,698,595$3,679,640$2,809,001$7,222,632
87$9,535,776$3,809,867$2,853,027$7,826,046
88$10,456,773$3,944,898$2,896,951$8,487,050
89$11,470,084$4,084,918$2,940,719$9,211,400
90$12,585,075$4,230,121$2,984,275$10,005,434
91$13,812,063$4,380,708$3,027,559$10,876,131
92$15,162,419$4,536,888$3,070,508$11,831,181
93$16,648,669$4,698,879$3,113,053$12,879,052
94$18,284,617$4,866,907$3,155,124$14,029,071
95$20,085,471$5,041,209$3,196,644$15,291,515
96$22,067,991$5,222,030$3,237,533$16,677,701
97$24,250,643$5,409,626$3,277,707$18,200,098
98$26,653,774$5,604,264$3,317,076$19,872,441
99$29,299,806$5,806,220$3,355,545$21,709,862
100$32,213,444$6,015,783$3,393,014$23,729,028