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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$174,242$172,690$171,176$169,698$168,254$164,387
2 years$86,258$84,652$83,095$81,585$80,121$76,246
3 years$56,934$55,321$53,768$52,273$50,832$47,071
4 years$42,275$40,667$39,129$37,659$36,254$32,635
5 years$33,482$31,883$30,366$28,926$27,560$24,093
6 years$27,622$26,035$24,540$23,132$21,807$18,497
7 years$23,438$21,864$20,393$19,018$17,735$14,581
8 years$20,301$18,742$17,295$15,954$14,713$11,715
9 years$17,862$16,318$14,896$13,589$12,390$9,545
10 years$15,913$14,383$12,987$11,714$10,557$7,862
11 years$14,319$12,805$11,433$10,195$9,080$6,531
12 years$12,991$11,493$10,147$8,942$7,868$5,462
13 years$11,869$10,386$9,065$7,895$6,861$4,593
14 years$10,908$9,441$8,145$7,008$6,014$3,879
15 years$10,076$8,624$7,354$6,250$5,296$3,289
16 years$9,348$7,913$6,668$5,596$4,680$2,797
17 years$8,707$7,287$6,067$5,028$4,150$2,384
18 years$8,137$6,734$5,539$4,531$3,690$2,037
19 years$7,629$6,241$5,070$4,094$3,289$1,743
20 years$7,171$5,799$4,653$3,708$2,938$1,494
21 years$6,758$5,402$4,280$3,365$2,629$1,283
22 years$6,383$5,042$3,945$3,060$2,356$1,102
23 years$6,041$4,716$3,642$2,787$2,115$948
24 years$5,728$4,419$3,369$2,542$1,901$816
25 years$5,440$4,147$3,120$2,321$1,711$703
26 years$5,175$3,897$2,894$2,122$1,541$606
27 years$4,930$3,668$2,687$1,943$1,389$522
28 years$4,703$3,456$2,498$1,780$1,254$451
29 years$4,492$3,260$2,324$1,632$1,132$389
30 years$4,295$3,079$2,165$1,498$1,023$336
31 years$4,111$2,911$2,019$1,376$925$290
32 years$3,940$2,754$1,883$1,264$837$250
33 years$3,779$2,608$1,758$1,163$757$216
34 years$3,627$2,472$1,643$1,070$685$187
35 years$3,485$2,345$1,536$985$621$162
36 years$3,351$2,225$1,437$907$562$140
37 years$3,225$2,114$1,345$836$510$121
38 years$3,105$2,009$1,260$770$462$104
39 years$2,992$1,910$1,180$710$419$90
40 years$2,885$1,817$1,106$655$380$78
41 years$2,783$1,730$1,037$604$345$67
42 years$2,686$1,647$973$558$313$58
43 years$2,594$1,570$913$515$284$50
44 years$2,507$1,496$857$475$258$44
45 years$2,424$1,427$805$439$234$38
46 years$2,344$1,361$756$406$212$33
47 years$2,268$1,299$710$375$193$28
48 years$2,196$1,240$667$346$175$24
49 years$2,126$1,184$627$320$159$21
50 years$2,060$1,131$590$296$145$18

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 $6,255 every year, while hoping to spend $32,275 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: 81/7/12 Blend
70$2,110,000$2,110,000$2,110,000$2,110,000
71$2,331,672$2,219,842$2,187,137$2,514,968
72$2,535,162$2,294,274$2,226,066$2,710,575
73$2,758,327$2,371,271$2,265,217$2,920,383
74$3,003,138$2,450,926$2,304,564$3,149,736
75$3,271,769$2,533,332$2,344,078$3,400,577
76$3,566,614$2,618,590$2,383,728$3,675,046
77$3,890,308$2,706,800$2,423,483$3,975,499
78$4,245,756$2,798,069$2,463,306$4,304,533
79$4,636,156$2,892,508$2,503,160$4,665,007
80$5,065,033$2,990,230$2,543,005$5,060,070
81$5,536,269$3,091,354$2,582,798$5,493,191
82$6,054,142$3,196,004$2,622,495$5,968,190
83$6,623,362$3,304,306$2,662,047$6,489,278
84$7,249,121$3,416,393$2,701,401$7,061,092
85$7,937,139$3,532,403$2,740,505$7,688,740
86$8,693,715$3,652,479$2,779,300$8,377,849
87$9,525,792$3,776,769$2,817,725$9,134,620
88$10,441,018$3,905,426$2,855,714$9,965,883
89$11,447,821$4,038,611$2,893,200$10,879,164
90$12,555,485$4,176,489$2,930,108$11,882,754
91$13,774,241$4,319,233$2,966,363$12,985,788
92$15,115,359$4,467,021$3,001,882$14,198,330
93$16,591,260$4,620,039$3,036,579$15,531,469
94$18,215,628$4,778,481$3,070,364$16,997,424
95$20,003,542$4,942,546$3,103,141$18,609,656
96$21,971,615$5,112,443$3,134,808$20,382,999
97$24,138,155$5,288,387$3,165,259$22,333,797
98$26,523,332$5,470,604$3,194,381$24,480,058
99$29,149,376$5,659,327$3,222,056$26,841,625
100$32,040,776$5,854,798$3,248,160$29,440,363