Can I retire at age 71 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$179,197$177,600$176,043$174,523$173,039$172,093
2 years$88,711$87,059$85,458$83,905$82,399$81,445
3 years$58,553$56,894$55,297$53,759$52,278$51,344
4 years$43,477$41,823$40,242$38,730$37,285$36,379
5 years$34,434$32,790$31,229$29,749$28,343$27,469
6 years$28,407$26,775$25,238$23,790$22,427$21,584
7 years$24,104$22,486$20,973$19,559$18,239$17,429
8 years$20,878$19,275$17,787$16,408$15,131$14,353
9 years$18,370$16,782$15,320$13,976$12,743$11,997
10 years$16,365$14,793$13,356$12,047$10,857$10,144
11 years$14,726$13,169$11,758$10,485$9,338$8,655
12 years$13,361$11,820$10,435$9,196$8,092$7,440
13 years$12,207$10,682$9,323$8,119$7,056$6,435
14 years$11,218$9,709$8,377$7,207$6,185$5,594
15 years$10,362$8,870$7,563$6,428$5,446$4,883
16 years$9,614$8,138$6,857$5,755$4,813$4,278
17 years$8,954$7,494$6,240$5,171$4,268$3,760
18 years$8,369$6,925$5,696$4,660$3,795$3,313
19 years$7,846$6,418$5,215$4,211$3,382$2,926
20 years$7,375$5,964$4,786$3,814$3,021$2,590
21 years$6,950$5,555$4,402$3,461$2,704$2,296
22 years$6,564$5,186$4,057$3,147$2,423$2,038
23 years$6,212$4,850$3,746$2,866$2,175$1,812
24 years$5,890$4,544$3,464$2,614$1,955$1,613
25 years$5,595$4,265$3,209$2,387$1,759$1,437
26 years$5,322$4,008$2,976$2,183$1,585$1,281
27 years$5,070$3,772$2,763$1,998$1,429$1,144
28 years$4,836$3,554$2,569$1,831$1,289$1,021
29 years$4,619$3,353$2,391$1,679$1,164$913
30 years$4,417$3,167$2,227$1,541$1,052$816
31 years$4,228$2,994$2,076$1,415$951$730
32 years$4,052$2,832$1,937$1,300$860$654
33 years$3,886$2,682$1,808$1,196$779$585
34 years$3,731$2,542$1,690$1,100$705$524
35 years$3,584$2,411$1,580$1,013$638$470
36 years$3,446$2,289$1,478$933$578$421
37 years$3,316$2,174$1,383$859$524$377
38 years$3,193$2,066$1,295$792$475$338
39 years$3,077$1,964$1,214$730$431$304
40 years$2,967$1,869$1,138$674$391$272
41 years$2,862$1,779$1,067$622$355$244
42 years$2,763$1,694$1,001$574$322$219
43 years$2,668$1,614$939$530$292$197
44 years$2,578$1,539$881$489$265$177
45 years$2,493$1,467$827$452$241$159
46 years$2,411$1,400$777$417$219$142
47 years$2,333$1,336$730$385$198$128
48 years$2,258$1,275$686$356$180$115
49 years$2,187$1,218$645$329$164$103
50 years$2,119$1,163$606$304$149$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,170,000, adding $5,771 every year, while hoping to spend $53,351 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: 55/25/20 Blend
70$2,170,000$2,170,000$2,170,000$2,170,000
71$2,397,293$2,282,283$2,248,648$2,515,877
72$2,585,052$2,337,350$2,267,212$2,652,663
73$2,790,174$2,393,327$2,284,611$2,795,398
74$3,014,374$2,450,202$2,300,748$2,949,675
75$3,259,540$2,507,962$2,315,523$3,116,614
76$3,527,750$2,566,589$2,328,830$3,297,450
77$3,821,294$2,626,065$2,340,559$3,493,540
78$4,142,691$2,686,368$2,350,593$3,706,384
79$4,494,717$2,747,471$2,358,809$3,937,631
80$4,880,428$2,809,347$2,365,079$4,189,100
81$5,303,190$2,871,963$2,369,267$4,462,795
82$5,766,709$2,935,283$2,371,232$4,760,923
83$6,275,070$2,999,268$2,370,824$5,085,919
84$6,832,767$3,063,873$2,367,888$5,440,465
85$7,444,756$3,129,050$2,362,258$5,827,515
86$8,116,492$3,194,743$2,353,765$6,250,327
87$8,853,984$3,260,896$2,342,226$6,712,492
88$9,663,854$3,327,443$2,327,453$7,217,966
89$10,553,393$3,394,314$2,309,249$7,771,110
90$11,530,635$3,461,431$2,287,405$8,376,730
91$12,604,431$3,528,713$2,261,705$9,040,125
92$13,784,532$3,596,068$2,231,920$9,767,133
93$15,081,677$3,663,399$2,197,813$10,564,190
94$16,507,702$3,730,599$2,159,133$11,438,389
95$18,075,644$3,797,554$2,115,620$12,397,549
96$19,799,866$3,864,142$2,067,000$13,450,287
97$21,696,195$3,930,227$2,012,988$14,606,101
98$23,782,068$3,995,669$1,953,283$15,875,461
99$26,076,694$4,060,312$1,887,574$17,269,905
100$28,601,241$4,123,992$1,815,532$18,802,152