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%12.9%
1 years$179,197$177,600$176,043$174,523$173,039$170,947
2 years$88,711$87,059$85,458$83,905$82,399$80,295
3 years$58,553$56,894$55,297$53,759$52,278$50,225
4 years$43,477$41,823$40,242$38,730$37,285$35,300
5 years$34,434$32,790$31,229$29,749$28,343$26,432
6 years$28,407$26,775$25,238$23,790$22,427$20,592
7 years$24,104$22,486$20,973$19,559$18,239$16,481
8 years$20,878$19,275$17,787$16,408$15,131$13,449
9 years$18,370$16,782$15,320$13,976$12,743$11,136
10 years$16,365$14,793$13,356$12,047$10,857$9,326
11 years$14,726$13,169$11,758$10,485$9,338$7,879
12 years$13,361$11,820$10,435$9,196$8,092$6,705
13 years$12,207$10,682$9,323$8,119$7,056$5,740
14 years$11,218$9,709$8,377$7,207$6,185$4,937
15 years$10,362$8,870$7,563$6,428$5,446$4,264
16 years$9,614$8,138$6,857$5,755$4,813$3,695
17 years$8,954$7,494$6,240$5,171$4,268$3,211
18 years$8,369$6,925$5,696$4,660$3,795$2,798
19 years$7,846$6,418$5,215$4,211$3,382$2,443
20 years$7,375$5,964$4,786$3,814$3,021$2,137
21 years$6,950$5,555$4,402$3,461$2,704$1,872
22 years$6,564$5,186$4,057$3,147$2,423$1,642
23 years$6,212$4,850$3,746$2,866$2,175$1,442
24 years$5,890$4,544$3,464$2,614$1,955$1,268
25 years$5,595$4,265$3,209$2,387$1,759$1,116
26 years$5,322$4,008$2,976$2,183$1,585$983
27 years$5,070$3,772$2,763$1,998$1,429$866
28 years$4,836$3,554$2,569$1,831$1,289$763
29 years$4,619$3,353$2,391$1,679$1,164$674
30 years$4,417$3,167$2,227$1,541$1,052$595
31 years$4,228$2,994$2,076$1,415$951$525
32 years$4,052$2,832$1,937$1,300$860$464
33 years$3,886$2,682$1,808$1,196$779$410
34 years$3,731$2,542$1,690$1,100$705$362
35 years$3,584$2,411$1,580$1,013$638$320
36 years$3,446$2,289$1,478$933$578$283
37 years$3,316$2,174$1,383$859$524$250
38 years$3,193$2,066$1,295$792$475$222
39 years$3,077$1,964$1,214$730$431$196
40 years$2,967$1,869$1,138$674$391$173
41 years$2,862$1,779$1,067$622$355$153
42 years$2,763$1,694$1,001$574$322$136
43 years$2,668$1,614$939$530$292$120
44 years$2,578$1,539$881$489$265$106
45 years$2,493$1,467$827$452$241$94
46 years$2,411$1,400$777$417$219$83
47 years$2,333$1,336$730$385$198$74
48 years$2,258$1,275$686$356$180$65
49 years$2,187$1,218$645$329$164$58
50 years$2,119$1,163$606$304$149$51

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 $2,656 every year, while hoping to spend $26,246 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: 51/25/24 Blend
70$2,170,000$2,170,000$2,170,000$2,170,000
71$2,394,080$2,279,070$2,245,435$2,499,966
72$2,610,350$2,362,819$2,292,731$2,657,427
73$2,847,801$2,449,791$2,340,732$2,825,657
74$3,108,564$2,540,119$2,389,434$3,008,045
75$3,394,989$2,633,936$2,438,832$3,205,945
76$3,709,664$2,731,385$2,488,919$3,420,848
77$4,055,440$2,832,613$2,539,688$3,654,393
78$4,435,458$2,937,774$2,591,131$3,908,383
79$4,853,178$3,047,028$2,643,237$4,184,804
80$5,312,412$3,160,543$2,695,996$4,485,837
81$5,817,362$3,278,493$2,749,395$4,813,888
82$6,372,653$3,401,060$2,803,420$5,171,600
83$6,983,384$3,528,432$2,858,055$5,561,885
84$7,655,173$3,660,809$2,913,283$5,987,948
85$8,394,208$3,798,396$2,969,086$6,453,316
86$9,207,308$3,941,408$3,025,441$6,961,873
87$10,101,986$4,090,070$3,082,326$7,517,894
88$11,086,520$4,244,615$3,139,716$8,126,088
89$12,170,033$4,405,288$3,197,583$8,791,638
90$13,362,573$4,572,344$3,255,899$9,520,253
91$14,675,215$4,746,049$3,314,631$10,318,217
92$16,120,160$4,926,679$3,373,745$11,192,453
93$17,710,855$5,114,524$3,433,204$12,150,584
94$19,462,113$5,309,887$3,492,967$13,201,005
95$21,390,259$5,513,082$3,552,992$14,352,964
96$23,513,281$5,724,439$3,613,233$15,616,645
97$25,851,000$5,944,300$3,673,640$17,003,266
98$28,425,255$6,173,024$3,734,161$18,525,182
99$31,260,115$6,410,986$3,794,739$20,196,003
100$34,382,098$6,658,575$3,855,314$22,030,722