Can I retire at age 71 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$188,280$186,603$184,967$183,370$181,810$180,513
2 years$93,208$91,472$89,790$88,159$86,576$85,268
3 years$61,521$59,778$58,100$56,484$54,928$53,649
4 years$45,681$43,943$42,282$40,694$39,175$37,936
5 years$36,180$34,452$32,812$31,257$29,780$28,584
6 years$29,847$28,133$26,517$24,996$23,564$22,413
7 years$25,326$23,626$22,036$20,551$19,164$18,058
8 years$21,936$20,252$18,688$17,239$15,898$14,838
9 years$19,302$17,633$16,096$14,684$13,389$12,373
10 years$17,195$15,542$14,033$12,658$11,408$10,437
11 years$15,472$13,836$12,354$11,016$9,811$8,884
12 years$14,038$12,419$10,964$9,663$8,502$7,617
13 years$12,825$11,223$9,796$8,531$7,414$6,571
14 years$11,787$10,201$8,802$7,573$6,499$5,697
15 years$10,887$9,319$7,947$6,753$5,722$4,960
16 years$10,101$8,550$7,205$6,047$5,057$4,334
17 years$9,408$7,874$6,556$5,433$4,484$3,799
18 years$8,793$7,276$5,985$4,896$3,987$3,338
19 years$8,243$6,744$5,479$4,424$3,554$2,940
20 years$7,749$6,266$5,028$4,007$3,174$2,594
21 years$7,302$5,837$4,625$3,637$2,841$2,293
22 years$6,897$5,449$4,263$3,307$2,546$2,029
23 years$6,527$5,096$3,936$3,011$2,286$1,799
24 years$6,189$4,775$3,640$2,747$2,054$1,596
25 years$5,878$4,481$3,371$2,508$1,849$1,418
26 years$5,592$4,211$3,127$2,293$1,665$1,260
27 years$5,327$3,963$2,903$2,099$1,501$1,121
28 years$5,082$3,734$2,699$1,923$1,355$998
29 years$4,854$3,523$2,512$1,764$1,223$889
30 years$4,641$3,327$2,340$1,619$1,105$793
31 years$4,443$3,145$2,181$1,487$999$707
32 years$4,257$2,976$2,035$1,366$904$631
33 years$4,083$2,818$1,900$1,256$818$563
34 years$3,920$2,671$1,775$1,156$741$502
35 years$3,766$2,534$1,660$1,064$671$449
36 years$3,621$2,405$1,553$980$608$401
37 years$3,484$2,284$1,453$903$551$358
38 years$3,355$2,171$1,361$832$499$320
39 years$3,233$2,064$1,275$767$453$286
40 years$3,117$1,964$1,195$708$411$256
41 years$3,007$1,869$1,121$653$373$229
42 years$2,903$1,780$1,051$603$338$204
43 years$2,803$1,696$986$556$307$183
44 years$2,709$1,617$926$514$279$164
45 years$2,619$1,542$869$474$253$146
46 years$2,533$1,471$817$438$230$131
47 years$2,451$1,404$767$405$209$117
48 years$2,373$1,340$721$374$189$105
49 years$2,298$1,280$678$346$172$94
50 years$2,226$1,222$637$320$156$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,280,000, adding $4,011 every year, while hoping to spend $32,777 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: 63/28/9 Blend
70$2,280,000$2,280,000$2,280,000$2,280,000
71$2,516,697$2,395,857$2,360,517$2,670,182
72$2,738,526$2,478,380$2,404,720$2,855,699
73$2,981,883$2,563,847$2,449,305$3,053,991
74$3,248,928$2,652,370$2,494,251$3,269,663
75$3,542,044$2,744,061$2,539,533$3,504,400
76$3,863,852$2,839,039$2,585,127$3,760,054
77$4,217,241$2,937,428$2,631,004$4,038,664
78$4,605,392$3,039,355$2,677,136$4,342,475
79$5,031,812$3,144,953$2,723,490$4,673,956
80$5,500,361$3,254,360$2,770,031$5,035,826
81$6,015,295$3,367,721$2,816,724$5,431,077
82$6,581,299$3,485,183$2,863,529$5,863,004
83$7,203,539$3,606,904$2,910,404$6,335,233
84$7,887,701$3,733,044$2,957,304$6,851,757
85$8,640,054$3,863,770$3,004,181$7,416,972
86$9,467,503$3,999,259$3,050,984$8,035,719
87$10,377,656$4,139,690$3,097,660$8,713,328
88$11,378,895$4,285,253$3,144,150$9,455,669
89$12,480,457$4,436,145$3,190,393$10,269,206
90$13,692,516$4,592,568$3,236,324$11,161,058
91$15,026,285$4,754,737$3,281,874$12,139,066
92$16,494,119$4,922,872$3,326,969$13,211,864
93$18,109,629$5,097,203$3,371,533$14,388,963
94$19,887,814$5,277,969$3,415,482$15,680,838
95$21,845,201$5,465,419$3,458,730$17,099,030
96$23,999,999$5,659,812$3,501,185$18,656,248
97$26,372,274$5,861,418$3,542,750$20,366,493
98$28,984,136$6,070,517$3,583,322$22,245,188
99$31,859,947$6,287,402$3,622,793$24,309,322
100$35,026,553$6,512,376$3,661,047$26,577,613