Can I retire at age 71 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$185,803$184,148$182,533$180,957$179,418$174,868
2 years$91,982$90,269$88,608$86,999$85,437$80,882
3 years$60,712$58,991$57,335$55,741$54,205$49,788
4 years$45,080$43,365$41,726$40,158$38,659$34,415
5 years$35,704$33,999$32,381$30,845$29,388$25,327
6 years$29,455$27,762$26,168$24,667$23,254$19,380
7 years$24,993$23,315$21,746$20,280$18,912$15,226
8 years$21,648$19,985$18,442$17,013$15,689$12,190
9 years$19,048$17,401$15,884$14,491$13,212$9,897
10 years$16,969$15,338$13,848$12,491$11,258$8,122
11 years$15,269$13,654$12,192$10,871$9,682$6,721
12 years$13,853$12,255$10,820$9,536$8,390$5,599
13 years$12,657$11,075$9,667$8,418$7,316$4,689
14 years$11,632$10,067$8,686$7,473$6,414$3,944
15 years$10,744$9,197$7,842$6,665$5,647$3,330
16 years$9,968$8,438$7,110$5,967$4,991$2,819
17 years$9,285$7,771$6,470$5,362$4,425$2,393
18 years$8,677$7,181$5,906$4,832$3,935$2,035
19 years$8,135$6,655$5,407$4,366$3,507$1,734
20 years$7,647$6,184$4,962$3,954$3,133$1,480
21 years$7,206$5,760$4,564$3,589$2,803$1,264
22 years$6,806$5,377$4,207$3,263$2,513$1,081
23 years$6,441$5,029$3,884$2,972$2,256$926
24 years$6,108$4,712$3,592$2,710$2,027$793
25 years$5,801$4,422$3,327$2,475$1,824$680
26 years$5,518$4,156$3,086$2,263$1,643$583
27 years$5,257$3,911$2,865$2,072$1,482$500
28 years$5,015$3,685$2,664$1,898$1,337$430
29 years$4,790$3,477$2,479$1,741$1,207$369
30 years$4,580$3,283$2,309$1,597$1,091$317
31 years$4,384$3,104$2,152$1,467$986$272
32 years$4,201$2,937$2,008$1,348$892$234
33 years$4,029$2,781$1,875$1,240$807$201
34 years$3,868$2,636$1,752$1,141$731$173
35 years$3,716$2,500$1,638$1,050$662$149
36 years$3,574$2,373$1,532$967$600$128
37 years$3,439$2,254$1,434$891$544$110
38 years$3,311$2,142$1,343$821$493$95
39 years$3,190$2,037$1,258$757$447$81
40 years$3,076$1,938$1,179$699$405$70
41 years$2,968$1,845$1,106$644$368$60
42 years$2,865$1,757$1,037$595$334$52
43 years$2,767$1,674$973$549$303$45
44 years$2,673$1,596$914$507$275$38
45 years$2,584$1,522$858$468$250$33
46 years$2,500$1,451$806$432$227$28
47 years$2,419$1,385$757$400$206$24
48 years$2,341$1,322$711$369$187$21
49 years$2,268$1,263$669$341$170$18
50 years$2,197$1,206$629$315$154$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,250,000, adding $3,764 every year, while hoping to spend $30,266 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: 57/23/20 Blend
70$2,250,000$2,250,000$2,250,000$2,250,000
71$2,483,383$2,364,133$2,329,258$2,611,468
72$2,704,485$2,447,772$2,375,085$2,782,750
73$2,947,125$2,534,496$2,421,433$2,965,743
74$3,213,468$2,624,423$2,468,288$3,164,505
75$3,505,899$2,717,677$2,515,632$3,380,561
76$3,827,045$2,814,387$2,563,450$3,615,587
77$4,179,799$2,914,687$2,611,721$3,871,430
78$4,567,349$3,018,718$2,660,425$4,150,123
79$4,993,208$3,126,624$2,709,538$4,453,901
80$5,461,244$3,238,557$2,759,036$4,785,227
81$5,975,720$3,354,675$2,808,893$5,146,809
82$6,541,331$3,475,142$2,859,078$5,541,633
83$7,163,251$3,600,129$2,909,562$5,972,982
84$7,847,181$3,729,813$2,960,310$6,444,472
85$8,599,399$3,864,380$3,011,286$6,960,086
86$9,426,825$4,004,022$3,062,452$7,524,209
87$10,337,084$4,148,941$3,113,766$8,141,669
88$11,338,573$4,299,346$3,165,184$8,817,783
89$12,440,548$4,455,454$3,216,658$9,558,409
90$13,653,205$4,617,493$3,268,138$10,369,994
91$14,987,781$4,785,699$3,319,570$11,259,644
92$16,456,656$4,960,319$3,370,896$12,235,181
93$18,073,469$5,141,609$3,422,055$13,305,225
94$19,853,251$5,329,837$3,472,983$14,479,266
95$21,812,565$5,525,280$3,523,610$15,767,761
96$23,969,658$5,728,231$3,573,862$17,182,228
97$26,344,639$5,938,990$3,623,663$18,735,355
98$28,959,666$6,157,875$3,672,929$20,441,119
99$31,839,154$6,385,212$3,721,574$22,314,918
100$35,010,006$6,621,346$3,769,505$24,373,715