Can I retire at age 71 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$174,242$172,690$171,176$169,698$168,254$166,014
2 years$86,258$84,652$83,095$81,585$80,121$77,868
3 years$56,934$55,321$53,768$52,273$50,832$48,636
4 years$42,275$40,667$39,129$37,659$36,254$34,131
5 years$33,482$31,883$30,366$28,926$27,560$25,517
6 years$27,622$26,035$24,540$23,132$21,807$19,847
7 years$23,438$21,864$20,393$19,018$17,735$15,858
8 years$20,301$18,742$17,295$15,954$14,713$12,918
9 years$17,862$16,318$14,896$13,589$12,390$10,678
10 years$15,913$14,383$12,987$11,714$10,557$8,926
11 years$14,319$12,805$11,433$10,195$9,080$7,527
12 years$12,991$11,493$10,147$8,942$7,868$6,394
13 years$11,869$10,386$9,065$7,895$6,861$5,462
14 years$10,908$9,441$8,145$7,008$6,014$4,689
15 years$10,076$8,624$7,354$6,250$5,296$4,041
16 years$9,348$7,913$6,668$5,596$4,680$3,495
17 years$8,707$7,287$6,067$5,028$4,150$3,031
18 years$8,137$6,734$5,539$4,531$3,690$2,635
19 years$7,629$6,241$5,070$4,094$3,289$2,296
20 years$7,171$5,799$4,653$3,708$2,938$2,003
21 years$6,758$5,402$4,280$3,365$2,629$1,751
22 years$6,383$5,042$3,945$3,060$2,356$1,533
23 years$6,041$4,716$3,642$2,787$2,115$1,343
24 years$5,728$4,419$3,369$2,542$1,901$1,178
25 years$5,440$4,147$3,120$2,321$1,711$1,034
26 years$5,175$3,897$2,894$2,122$1,541$909
27 years$4,930$3,668$2,687$1,943$1,389$799
28 years$4,703$3,456$2,498$1,780$1,254$703
29 years$4,492$3,260$2,324$1,632$1,132$618
30 years$4,295$3,079$2,165$1,498$1,023$544
31 years$4,111$2,911$2,019$1,376$925$480
32 years$3,940$2,754$1,883$1,264$837$423
33 years$3,779$2,608$1,758$1,163$757$372
34 years$3,627$2,472$1,643$1,070$685$328
35 years$3,485$2,345$1,536$985$621$290
36 years$3,351$2,225$1,437$907$562$255
37 years$3,225$2,114$1,345$836$510$225
38 years$3,105$2,009$1,260$770$462$199
39 years$2,992$1,910$1,180$710$419$175
40 years$2,885$1,817$1,106$655$380$155
41 years$2,783$1,730$1,037$604$345$137
42 years$2,686$1,647$973$558$313$121
43 years$2,594$1,570$913$515$284$107
44 years$2,507$1,496$857$475$258$94
45 years$2,424$1,427$805$439$234$83
46 years$2,344$1,361$756$406$212$73
47 years$2,268$1,299$710$375$193$65
48 years$2,196$1,240$667$346$175$57
49 years$2,126$1,184$627$320$159$50
50 years$2,060$1,131$590$296$145$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,110,000, adding $2,483 every year, while hoping to spend $41,488 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: 83/9/8 Blend
70$2,110,000$2,110,000$2,110,000$2,110,000
71$2,327,781$2,215,951$2,183,246$2,518,612
72$2,521,072$2,280,390$2,212,242$2,708,174
73$2,732,688$2,346,596$2,240,819$2,910,471
74$2,964,454$2,414,611$2,268,918$3,131,335
75$3,218,382$2,484,480$2,296,480$3,372,603
76$3,496,683$2,556,246$2,323,439$3,636,298
77$3,801,797$2,629,955$2,349,727$3,924,651
78$4,136,410$2,705,651$2,375,271$4,240,115
79$4,503,477$2,783,382$2,399,997$4,585,393
80$4,906,258$2,863,194$2,423,823$4,963,465
81$5,348,341$2,945,135$2,446,665$5,377,608
82$5,833,677$3,029,252$2,468,434$5,831,436
83$6,366,622$3,115,596$2,489,037$6,328,929
84$6,951,972$3,204,214$2,508,374$6,874,469
85$7,595,010$3,295,157$2,526,341$7,472,886
86$8,301,556$3,388,475$2,542,829$8,129,501
87$9,078,024$3,484,220$2,557,723$8,850,172
88$9,931,477$3,582,441$2,570,901$9,641,358
89$10,869,699$3,683,192$2,582,237$10,510,170
90$11,901,263$3,786,523$2,591,597$11,464,447
91$13,035,617$3,892,488$2,598,841$12,512,821
92$14,283,169$4,001,138$2,603,821$13,664,805
93$15,655,385$4,112,527$2,606,381$14,930,882
94$17,164,900$4,226,707$2,606,361$16,322,598
95$18,825,635$4,343,730$2,603,589$17,852,677
96$20,652,926$4,463,650$2,597,886$19,535,138
97$22,663,675$4,586,519$2,589,066$21,385,428
98$24,876,501$4,712,389$2,576,930$23,420,569
99$27,311,920$4,841,313$2,561,274$25,659,312
100$29,992,540$4,973,341$2,541,880$28,122,324