Can I retire at age 71 with 2,380,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$196,538$194,788$193,080$191,412$189,785$186,794
2 years$97,296$95,484$93,728$92,025$90,374$87,369
3 years$64,220$62,400$60,648$58,961$57,337$54,411
4 years$47,685$45,871$44,136$42,478$40,893$38,068
5 years$37,766$35,963$34,252$32,627$31,086$28,371
6 years$31,156$29,367$27,680$26,092$24,597$21,995
7 years$26,437$24,662$23,003$21,452$20,004$17,516
8 years$22,899$21,140$19,508$17,996$16,596$14,220
9 years$20,148$18,406$16,802$15,328$13,976$11,712
10 years$17,949$16,224$14,649$13,213$11,908$9,754
11 years$16,151$14,443$12,896$11,499$10,241$8,195
12 years$14,654$12,964$11,445$10,086$8,875$6,934
13 years$13,388$11,715$10,226$8,905$7,739$5,901
14 years$12,304$10,649$9,188$7,905$6,784$5,045
15 years$11,365$9,728$8,295$7,050$5,973$4,331
16 years$10,544$8,925$7,521$6,312$5,279$3,729
17 years$9,821$8,220$6,844$5,671$4,681$3,221
18 years$9,179$7,595$6,247$5,111$4,162$2,788
19 years$8,605$7,039$5,719$4,618$3,710$2,418
20 years$8,089$6,541$5,249$4,183$3,314$2,101
21 years$7,623$6,093$4,828$3,796$2,965$1,828
22 years$7,199$5,688$4,450$3,452$2,658$1,593
23 years$6,814$5,319$4,108$3,143$2,386$1,389
24 years$6,460$4,984$3,800$2,867$2,145$1,213
25 years$6,136$4,677$3,519$2,618$1,930$1,060
26 years$5,837$4,396$3,264$2,394$1,738$927
27 years$5,561$4,137$3,031$2,191$1,567$811
28 years$5,305$3,898$2,818$2,008$1,414$710
29 years$5,066$3,678$2,622$1,841$1,277$622
30 years$4,845$3,473$2,442$1,690$1,154$545
31 years$4,638$3,283$2,277$1,552$1,043$477
32 years$4,444$3,107$2,124$1,426$944$418
33 years$4,262$2,942$1,983$1,311$854$367
34 years$4,092$2,788$1,853$1,207$773$322
35 years$3,931$2,645$1,733$1,111$700$282
36 years$3,780$2,510$1,621$1,023$634$248
37 years$3,637$2,384$1,517$943$575$218
38 years$3,502$2,266$1,421$869$521$191
39 years$3,375$2,155$1,331$801$473$168
40 years$3,254$2,050$1,248$739$429$147
41 years$3,139$1,951$1,170$682$389$129
42 years$3,030$1,858$1,097$629$353$114
43 years$2,926$1,771$1,030$581$320$100
44 years$2,828$1,688$967$536$291$88
45 years$2,734$1,609$908$495$264$77
46 years$2,644$1,535$852$457$240$68
47 years$2,559$1,465$801$423$218$59
48 years$2,477$1,399$753$391$198$52
49 years$2,399$1,336$707$361$180$46
50 years$2,324$1,276$665$334$163$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,380,000, adding $5,180 every year, while hoping to spend $54,775 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: 53/22/25 Blend
70$2,380,000$2,380,000$2,380,000$2,380,000
71$2,628,103$2,501,963$2,465,073$2,748,895
72$2,837,890$2,566,279$2,489,373$2,897,202
73$3,067,238$2,631,911$2,512,651$3,052,451
74$3,318,087$2,698,865$2,534,815$3,220,279
75$3,592,569$2,767,146$2,555,768$3,401,907
76$3,893,033$2,836,759$2,575,409$3,598,684
77$4,222,066$2,907,704$2,593,629$3,812,092
78$4,582,517$2,979,981$2,610,316$4,043,765
79$4,977,523$3,053,589$2,625,350$4,295,506
80$5,410,538$3,128,523$2,638,607$4,569,298
81$5,885,368$3,204,776$2,649,956$4,867,329
82$6,406,204$3,282,338$2,659,257$5,192,009
83$6,977,661$3,361,197$2,666,367$5,545,994
84$7,604,825$3,441,339$2,671,133$5,932,211
85$8,293,297$3,522,743$2,673,395$6,353,886
86$9,049,244$3,605,389$2,672,986$6,814,573
87$9,879,465$3,689,251$2,669,728$7,318,191
88$10,791,445$3,774,298$2,663,438$7,869,058
89$11,793,431$3,860,498$2,653,922$8,471,934
90$12,894,509$3,947,811$2,640,977$9,132,063
91$14,104,690$4,036,194$2,624,390$9,855,227
92$15,434,999$4,125,598$2,603,938$10,647,798
93$16,897,586$4,215,970$2,579,388$11,516,799
94$18,505,836$4,307,249$2,550,493$12,469,971
95$20,274,495$4,399,368$2,516,999$13,515,845
96$22,219,811$4,492,254$2,478,636$14,663,825
97$24,359,685$4,585,828$2,435,123$15,924,275
98$26,713,840$4,680,000$2,386,167$17,308,619
99$29,304,007$4,774,675$2,331,458$18,829,446
100$32,154,129$4,869,748$2,270,676$20,500,635