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%12.8%
1 years$189,106$187,422$185,778$184,174$182,608$180,476
2 years$93,617$91,873$90,184$88,545$86,956$84,810
3 years$61,791$60,040$58,355$56,732$55,169$53,075
4 years$45,882$44,136$42,467$40,872$39,347$37,322
5 years$36,338$34,603$32,956$31,394$29,911$27,961
6 years$29,978$28,256$26,634$25,106$23,667$21,795
7 years$25,437$23,729$22,133$20,641$19,248$17,453
8 years$22,033$20,340$18,770$17,315$15,968$14,251
9 years$19,386$17,710$16,167$14,749$13,447$11,807
10 years$17,270$15,611$14,095$12,713$11,458$9,893
11 years$15,540$13,897$12,409$11,065$9,854$8,364
12 years$14,100$12,473$11,012$9,705$8,539$7,123
13 years$12,882$11,272$9,839$8,568$7,446$6,101
14 years$11,838$10,246$8,840$7,606$6,528$5,251
15 years$10,935$9,360$7,982$6,783$5,747$4,538
16 years$10,146$8,588$7,236$6,073$5,080$3,936
17 years$9,450$7,909$6,585$5,457$4,504$3,423
18 years$8,832$7,308$6,011$4,918$4,005$2,984
19 years$8,279$6,773$5,503$4,444$3,569$2,607
20 years$7,783$6,294$5,050$4,025$3,188$2,282
21 years$7,334$5,863$4,645$3,653$2,853$2,001
22 years$6,927$5,472$4,281$3,321$2,557$1,757
23 years$6,556$5,118$3,953$3,025$2,296$1,544
24 years$6,216$4,796$3,656$2,759$2,063$1,358
25 years$5,904$4,500$3,386$2,519$1,857$1,196
26 years$5,616$4,230$3,140$2,303$1,673$1,054
27 years$5,350$3,981$2,916$2,108$1,508$930
28 years$5,104$3,751$2,711$1,932$1,361$821
29 years$4,875$3,539$2,523$1,771$1,229$725
30 years$4,661$3,342$2,350$1,626$1,110$640
31 years$4,462$3,159$2,191$1,493$1,004$566
32 years$4,276$2,989$2,044$1,372$908$500
33 years$4,101$2,831$1,908$1,262$822$442
34 years$3,937$2,683$1,783$1,161$744$391
35 years$3,783$2,545$1,667$1,069$674$346
36 years$3,637$2,415$1,560$984$610$306
37 years$3,500$2,294$1,460$907$553$271
38 years$3,370$2,180$1,367$836$502$240
39 years$3,247$2,073$1,281$771$455$213
40 years$3,131$1,972$1,200$711$413$188
41 years$3,020$1,877$1,126$656$374$167
42 years$2,916$1,788$1,056$605$340$148
43 years$2,816$1,704$991$559$308$131
44 years$2,721$1,624$930$516$280$116
45 years$2,630$1,549$873$477$254$103
46 years$2,544$1,477$820$440$231$91
47 years$2,462$1,410$771$407$209$81
48 years$2,383$1,346$724$376$190$71
49 years$2,308$1,285$681$347$173$63
50 years$2,236$1,228$640$321$157$56

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 $4,452 every year, while hoping to spend $39,254 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: 68/25/7 Blend
70$2,290,000$2,290,000$2,290,000$2,290,000
71$2,528,172$2,406,802$2,371,307$2,696,862
72$2,744,280$2,482,970$2,408,980$2,885,396
73$2,981,115$2,561,554$2,446,599$3,086,312
74$3,240,750$2,642,631$2,484,122$3,304,963
75$3,525,468$2,726,281$2,521,501$3,543,078
76$3,837,783$2,812,587$2,558,689$3,802,560
77$4,180,465$2,901,632$2,595,634$4,085,502
78$4,556,565$2,993,504$2,632,279$4,394,210
79$4,969,442$3,088,293$2,668,568$4,731,220
80$5,422,797$3,186,092$2,704,437$5,099,326
81$5,920,709$3,286,997$2,739,823$5,501,605
82$6,467,669$3,391,107$2,774,654$5,941,444
83$7,068,624$3,498,524$2,808,858$6,422,571
84$7,729,026$3,609,354$2,842,357$6,949,094
85$8,454,881$3,723,707$2,875,070$7,525,536
86$9,252,804$3,841,693$2,906,910$8,156,879
87$10,130,084$3,963,430$2,937,786$8,848,607
88$11,094,751$4,089,037$2,967,601$9,606,763
89$12,155,654$4,218,638$2,996,253$10,438,004
90$13,322,540$4,352,361$3,023,637$11,349,658
91$14,606,149$4,490,336$3,049,639$12,349,802
92$16,018,314$4,632,701$3,074,140$13,447,329
93$17,572,074$4,779,595$3,097,015$14,652,038
94$19,281,794$4,931,164$3,118,134$15,974,722
95$21,163,303$5,087,557$3,137,357$17,427,273
96$23,234,041$5,248,928$3,154,539$19,022,789
97$25,513,224$5,415,437$3,169,528$20,775,701
98$28,022,028$5,587,248$3,182,161$22,701,909
99$30,783,783$5,764,531$3,192,272$24,818,929
100$33,824,197$5,947,461$3,199,681$27,146,059