Can I retire at age 71 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$189,106$187,422$185,778$184,174$182,608$180,551
2 years$93,617$91,873$90,184$88,545$86,956$84,885
3 years$61,791$60,040$58,355$56,732$55,169$53,148
4 years$45,882$44,136$42,467$40,872$39,347$37,392
5 years$36,338$34,603$32,956$31,394$29,911$28,028
6 years$29,978$28,256$26,634$25,106$23,667$21,859
7 years$25,437$23,729$22,133$20,641$19,248$17,514
8 years$22,033$20,340$18,770$17,315$15,968$14,309
9 years$19,386$17,710$16,167$14,749$13,447$11,862
10 years$17,270$15,611$14,095$12,713$11,458$9,946
11 years$15,540$13,897$12,409$11,065$9,854$8,414
12 years$14,100$12,473$11,012$9,705$8,539$7,169
13 years$12,882$11,272$9,839$8,568$7,446$6,145
14 years$11,838$10,246$8,840$7,606$6,528$5,292
15 years$10,935$9,360$7,982$6,783$5,747$4,577
16 years$10,146$8,588$7,236$6,073$5,080$3,972
17 years$9,450$7,909$6,585$5,457$4,504$3,457
18 years$8,832$7,308$6,011$4,918$4,005$3,016
19 years$8,279$6,773$5,503$4,444$3,569$2,637
20 years$7,783$6,294$5,050$4,025$3,188$2,310
21 years$7,334$5,863$4,645$3,653$2,853$2,027
22 years$6,927$5,472$4,281$3,321$2,557$1,781
23 years$6,556$5,118$3,953$3,025$2,296$1,566
24 years$6,216$4,796$3,656$2,759$2,063$1,379
25 years$5,904$4,500$3,386$2,519$1,857$1,215
26 years$5,616$4,230$3,140$2,303$1,673$1,072
27 years$5,350$3,981$2,916$2,108$1,508$946
28 years$5,104$3,751$2,711$1,932$1,361$836
29 years$4,875$3,539$2,523$1,771$1,229$739
30 years$4,661$3,342$2,350$1,626$1,110$653
31 years$4,462$3,159$2,191$1,493$1,004$578
32 years$4,276$2,989$2,044$1,372$908$511
33 years$4,101$2,831$1,908$1,262$822$452
34 years$3,937$2,683$1,783$1,161$744$400
35 years$3,783$2,545$1,667$1,069$674$355
36 years$3,637$2,415$1,560$984$610$314
37 years$3,500$2,294$1,460$907$553$278
38 years$3,370$2,180$1,367$836$502$247
39 years$3,247$2,073$1,281$771$455$219
40 years$3,131$1,972$1,200$711$413$194
41 years$3,020$1,877$1,126$656$374$172
42 years$2,916$1,788$1,056$605$340$152
43 years$2,816$1,704$991$559$308$135
44 years$2,721$1,624$930$516$280$120
45 years$2,630$1,549$873$477$254$106
46 years$2,544$1,477$820$440$231$94
47 years$2,462$1,410$771$407$209$83
48 years$2,383$1,346$724$376$190$74
49 years$2,308$1,285$681$347$173$66
50 years$2,236$1,228$640$321$157$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,290,000, adding $2,293 every year, while hoping to spend $51,038 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: 65/27/8 Blend
70$2,290,000$2,290,000$2,290,000$2,290,000
71$2,525,945$2,404,575$2,369,080$2,686,064
72$2,729,288$2,468,095$2,394,140$2,856,439
73$2,951,660$2,533,017$2,418,329$3,036,253
74$3,194,951$2,599,356$2,441,564$3,231,377
75$3,461,236$2,667,126$2,463,758$3,443,297
76$3,752,806$2,736,338$2,484,817$3,673,647
77$4,072,179$2,807,006$2,504,646$3,924,228
78$4,422,131$2,879,139$2,523,141$4,197,022
79$4,805,718$2,952,745$2,540,195$4,494,212
80$5,226,304$3,027,834$2,555,695$4,818,202
81$5,687,599$3,104,409$2,569,522$5,171,639
82$6,193,684$3,182,475$2,581,551$5,557,439
83$6,749,057$3,262,034$2,591,651$5,978,813
84$7,358,673$3,343,085$2,599,683$6,439,298
85$8,027,987$3,425,626$2,605,502$6,942,791
86$8,763,011$3,509,651$2,608,956$7,493,584
87$9,570,368$3,595,153$2,609,885$8,096,404
88$10,457,350$3,682,121$2,608,121$8,756,459
89$11,431,995$3,770,540$2,603,489$9,479,489
90$12,503,156$3,860,394$2,595,803$10,271,813
91$13,680,586$3,951,661$2,584,870$11,140,398
92$14,975,030$4,044,317$2,570,488$12,092,915
93$16,398,327$4,138,332$2,552,443$13,137,820
94$17,963,519$4,233,673$2,530,512$14,284,427
95$19,684,976$4,330,301$2,504,463$15,542,999
96$21,578,531$4,428,174$2,474,050$16,924,846
97$23,661,628$4,527,241$2,439,017$18,442,426
98$25,953,487$4,627,448$2,399,096$20,109,471
99$28,475,284$4,728,734$2,354,007$21,941,108
100$31,250,352$4,831,031$2,303,456$23,954,008