Can I retire at age 71 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$202,319$200,517$198,758$197,042$195,366$188,660
2 years$100,158$98,292$96,485$94,732$93,032$86,343
3 years$66,109$64,235$62,432$60,696$59,023$52,563
4 years$49,087$47,220$45,434$43,728$42,096$35,913
5 years$38,877$37,021$35,259$33,587$32,001$26,112
6 years$32,073$30,230$28,495$26,860$25,321$19,731
7 years$27,214$25,387$23,679$22,083$20,593$15,300
8 years$23,572$21,762$20,082$18,525$17,084$12,084
9 years$20,741$18,947$17,296$15,779$14,387$9,675
10 years$18,477$16,701$15,079$13,602$12,258$7,826
11 years$16,626$14,868$13,276$11,838$10,543$6,381
12 years$15,085$13,345$11,782$10,383$9,136$5,235
13 years$13,782$12,060$10,526$9,167$7,967$4,317
14 years$12,666$10,962$9,458$8,137$6,984$3,574
15 years$11,699$10,014$8,539$7,257$6,149$2,968
16 years$10,854$9,188$7,742$6,498$5,434$2,472
17 years$10,110$8,462$7,045$5,838$4,819$2,063
18 years$9,449$7,819$6,431$5,261$4,284$1,725
19 years$8,858$7,246$5,887$4,754$3,819$1,445
20 years$8,327$6,734$5,403$4,306$3,411$1,211
21 years$7,847$6,272$4,970$3,908$3,052$1,017
22 years$7,411$5,855$4,580$3,553$2,736$854
23 years$7,014$5,476$4,229$3,236$2,456$718
24 years$6,650$5,131$3,911$2,951$2,208$604
25 years$6,316$4,815$3,623$2,695$1,987$508
26 years$6,009$4,525$3,360$2,464$1,789$428
27 years$5,724$4,259$3,120$2,256$1,613$361
28 years$5,461$4,013$2,900$2,067$1,456$304
29 years$5,215$3,786$2,699$1,895$1,314$256
30 years$4,987$3,575$2,514$1,739$1,188$216
31 years$4,774$3,380$2,344$1,597$1,074$182
32 years$4,575$3,198$2,187$1,468$971$153
33 years$4,388$3,029$2,042$1,350$879$129
34 years$4,212$2,870$1,908$1,242$796$109
35 years$4,047$2,722$1,784$1,143$721$92
36 years$3,891$2,584$1,669$1,053$653$78
37 years$3,744$2,454$1,562$970$592$65
38 years$3,605$2,332$1,462$894$537$55
39 years$3,474$2,218$1,370$825$487$47
40 years$3,350$2,110$1,284$761$441$39
41 years$3,231$2,009$1,204$702$400$33
42 years$3,119$1,913$1,130$648$363$28
43 years$3,013$1,823$1,060$598$330$24
44 years$2,911$1,737$995$552$299$20
45 years$2,814$1,657$934$510$272$17
46 years$2,722$1,580$877$471$247$14
47 years$2,634$1,508$824$435$224$12
48 years$2,550$1,440$775$402$203$10
49 years$2,469$1,375$728$372$185$9
50 years$2,392$1,313$685$343$168$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,450,000, adding $6,965 every year, while hoping to spend $32,381 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: 59/24/17 Blend
70$2,450,000$2,450,000$2,450,000$2,450,000
71$2,707,084$2,577,234$2,539,259$2,854,514
72$2,948,754$2,669,066$2,589,871$3,046,887
73$3,213,988$2,764,312$2,641,094$3,252,400
74$3,505,157$2,863,105$2,692,913$3,475,776
75$3,824,871$2,965,585$2,745,312$3,718,743
76$4,176,004$3,071,894$2,798,277$3,983,206
77$4,561,724$3,182,185$2,851,787$4,271,257
78$4,985,520$3,296,612$2,905,822$4,585,201
79$5,451,236$3,415,340$2,960,360$4,927,575
80$5,963,107$3,538,536$3,015,377$5,301,170
81$6,525,798$3,666,378$3,070,846$5,709,059
82$7,144,449$3,799,050$3,126,738$6,154,626
83$7,824,722$3,936,742$3,183,023$6,641,595
84$8,572,856$4,079,655$3,239,667$7,174,068
85$9,395,725$4,227,997$3,296,634$7,756,558
86$10,300,903$4,381,982$3,353,886$8,394,039
87$11,296,734$4,541,838$3,411,379$9,091,985
88$12,392,411$4,707,799$3,469,071$9,856,425
89$13,598,065$4,880,109$3,526,913$10,693,999
90$14,924,857$5,059,023$3,584,853$11,612,018
91$16,385,085$5,244,808$3,642,838$12,618,537
92$17,992,299$5,437,739$3,700,810$13,722,426
93$19,761,432$5,638,107$3,758,705$14,933,453
94$21,708,935$5,846,210$3,816,458$16,262,381
95$23,852,935$6,062,364$3,873,999$17,721,063
96$26,213,409$6,286,895$3,931,252$19,322,555
97$28,812,367$6,520,142$3,988,139$21,081,240
98$31,674,062$6,762,463$4,044,575$23,012,962
99$34,825,219$7,014,226$4,100,471$25,135,174
100$38,295,287$7,275,819$4,155,732$27,467,105