Can I retire at age 71 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$182,500$180,874$179,288$177,740$176,229$171,620
2 years$90,346$88,664$87,033$85,452$83,918$79,307
3 years$59,633$57,943$56,316$54,750$53,241$48,771
4 years$44,279$42,594$40,984$39,444$37,972$33,677
5 years$35,069$33,394$31,805$30,297$28,866$24,759
6 years$28,931$27,269$25,703$24,229$22,841$18,925
7 years$24,548$22,900$21,359$19,920$18,575$14,851
8 years$21,263$19,630$18,115$16,710$15,410$11,876
9 years$18,709$17,091$15,602$14,233$12,978$9,630
10 years$16,667$15,065$13,602$12,269$11,058$7,893
11 years$14,997$13,412$11,975$10,678$9,510$6,523
12 years$13,607$12,038$10,628$9,366$8,241$5,427
13 years$12,432$10,878$9,495$8,269$7,186$4,539
14 years$11,425$9,888$8,531$7,340$6,300$3,813
15 years$10,553$9,033$7,703$6,546$5,547$3,214
16 years$9,791$8,288$6,984$5,861$4,902$2,718
17 years$9,119$7,633$6,355$5,266$4,347$2,303
18 years$8,523$7,053$5,801$4,746$3,865$1,956
19 years$7,990$6,537$5,311$4,288$3,445$1,664
20 years$7,511$6,074$4,874$3,884$3,077$1,418
21 years$7,078$5,658$4,483$3,525$2,753$1,210
22 years$6,685$5,281$4,132$3,205$2,468$1,033
23 years$6,327$4,940$3,815$2,919$2,216$883
24 years$5,999$4,628$3,528$2,662$1,991$755
25 years$5,698$4,343$3,268$2,431$1,792$646
26 years$5,420$4,082$3,031$2,223$1,614$553
27 years$5,163$3,842$2,814$2,035$1,455$474
28 years$4,926$3,620$2,616$1,864$1,313$406
29 years$4,705$3,415$2,435$1,710$1,186$348
30 years$4,499$3,225$2,268$1,569$1,071$299
31 years$4,306$3,049$2,114$1,441$969$256
32 years$4,126$2,885$1,973$1,324$876$220
33 years$3,958$2,732$1,842$1,218$793$189
34 years$3,799$2,589$1,721$1,120$718$162
35 years$3,650$2,456$1,609$1,031$650$139
36 years$3,510$2,331$1,505$950$589$119
37 years$3,377$2,214$1,409$875$534$103
38 years$3,252$2,104$1,319$807$484$88
39 years$3,134$2,001$1,236$744$439$76
40 years$3,021$1,903$1,158$686$398$65
41 years$2,915$1,812$1,086$633$361$56
42 years$2,814$1,726$1,019$584$328$48
43 years$2,717$1,644$956$539$297$41
44 years$2,626$1,567$898$498$270$35
45 years$2,539$1,494$843$460$245$30
46 years$2,455$1,426$792$425$223$26
47 years$2,376$1,361$744$392$202$22
48 years$2,300$1,299$699$363$184$19
49 years$2,227$1,240$657$335$167$17
50 years$2,158$1,185$618$310$151$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,210,000, adding $4,351 every year, while hoping to spend $34,623 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: 28/45/27 Blend
70$2,210,000$2,210,000$2,210,000$2,210,000
71$2,439,908$2,322,778$2,288,523$2,487,659
72$2,651,940$2,399,756$2,328,350$2,602,999
73$2,884,439$2,479,345$2,368,351$2,723,540
74$3,139,456$2,561,636$2,408,494$2,852,348
75$3,419,250$2,646,726$2,448,748$2,990,154
76$3,726,309$2,734,711$2,489,077$3,137,763
77$4,063,374$2,825,694$2,529,443$3,296,059
78$4,433,466$2,919,780$2,569,807$3,466,011
79$4,839,908$3,017,079$2,610,125$3,648,687
80$5,286,366$3,117,703$2,650,351$3,845,257
81$5,776,876$3,221,771$2,690,438$4,057,008
82$6,315,884$3,329,404$2,730,334$4,285,357
83$6,908,288$3,440,729$2,769,984$4,531,859
84$7,559,485$3,555,876$2,809,330$4,798,224
85$8,275,420$3,674,982$2,848,311$5,086,335
86$9,062,645$3,798,188$2,886,861$5,398,261
87$9,928,375$3,925,639$2,924,911$5,736,278
88$10,880,561$4,057,487$2,962,388$6,102,892
89$11,927,965$4,193,891$2,999,214$6,500,858
90$13,080,237$4,335,012$3,035,308$6,933,208
91$14,348,014$4,481,019$3,070,583$7,403,281
92$15,743,011$4,632,090$3,104,948$7,914,748
93$17,278,141$4,788,405$3,138,306$8,471,654
94$18,967,629$4,950,154$3,170,557$9,078,447
95$20,827,148$5,117,532$3,201,591$9,740,029
96$22,873,970$5,290,745$3,231,298$10,461,792
97$25,127,125$5,470,001$3,259,557$11,249,675
98$27,607,583$5,655,522$3,286,242$12,110,217
99$30,338,448$5,847,534$3,311,223$13,050,617
100$33,345,180$6,046,274$3,334,360$14,078,806