Can I retire at age 71 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$205,622$203,790$202,003$200,259$198,556$192,200
2 years$101,793$99,897$98,060$96,278$94,551$88,206
3 years$67,188$65,284$63,451$61,687$59,987$53,852
4 years$49,889$47,991$46,176$44,442$42,783$36,906
5 years$39,512$37,625$35,835$34,135$32,523$26,918
6 years$32,596$30,724$28,960$27,298$25,734$20,407
7 years$27,659$25,802$24,066$22,444$20,929$15,879
8 years$23,957$22,117$20,410$18,827$17,363$12,586
9 years$21,079$19,257$17,579$16,037$14,622$10,114
10 years$18,779$16,974$15,326$13,824$12,458$8,212
11 years$16,898$15,111$13,492$12,031$10,715$6,721
12 years$15,331$13,563$11,974$10,553$9,285$5,537
13 years$14,007$12,257$10,698$9,316$8,097$4,584
14 years$12,872$11,141$9,612$8,270$7,098$3,811
15 years$11,890$10,178$8,679$7,375$6,249$3,179
16 years$11,032$9,338$7,868$6,604$5,523$2,659
17 years$10,275$8,600$7,160$5,934$4,897$2,229
18 years$9,603$7,946$6,536$5,347$4,354$1,872
19 years$9,002$7,365$5,984$4,832$3,881$1,575
20 years$8,463$6,844$5,491$4,376$3,467$1,327
21 years$7,975$6,375$5,051$3,972$3,102$1,119
22 years$7,532$5,950$4,655$3,611$2,781$944
23 years$7,129$5,565$4,298$3,289$2,496$798
24 years$6,759$5,214$3,975$2,999$2,244$674
25 years$6,420$4,893$3,682$2,739$2,019$570
26 years$6,107$4,599$3,415$2,505$1,819$482
27 years$5,818$4,328$3,171$2,293$1,640$408
28 years$5,550$4,078$2,948$2,100$1,479$346
29 years$5,301$3,848$2,743$1,926$1,336$293
30 years$5,069$3,634$2,555$1,768$1,207$248
31 years$4,852$3,435$2,382$1,624$1,091$210
32 years$4,649$3,250$2,223$1,492$987$178
33 years$4,459$3,078$2,075$1,372$893$151
34 years$4,281$2,917$1,939$1,262$809$128
35 years$4,113$2,767$1,813$1,162$733$108
36 years$3,955$2,626$1,696$1,070$664$92
37 years$3,805$2,494$1,587$986$602$78
38 years$3,664$2,370$1,486$909$545$66
39 years$3,531$2,254$1,393$838$495$56
40 years$3,404$2,145$1,305$773$449$47
41 years$3,284$2,041$1,224$713$407$40
42 years$3,170$1,944$1,148$658$369$34
43 years$3,062$1,852$1,077$608$335$29
44 years$2,958$1,766$1,011$561$304$25
45 years$2,860$1,684$950$518$276$21
46 years$2,766$1,606$892$479$251$18
47 years$2,677$1,533$838$442$228$15
48 years$2,591$1,463$787$409$207$13
49 years$2,509$1,397$740$378$188$11
50 years$2,431$1,335$696$349$171$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,490,000, adding $3,809 every year, while hoping to spend $32,263 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: 83/5/12 Blend
70$2,490,000$2,490,000$2,490,000$2,490,000
71$2,747,909$2,615,939$2,577,344$2,969,893
72$2,993,868$2,709,792$2,629,357$3,209,721
73$3,263,834$2,807,163$2,682,032$3,468,386
74$3,560,221$2,908,190$2,735,356$3,751,493
75$3,885,688$3,013,017$2,789,315$4,061,481
76$4,243,167$3,121,793$2,843,896$4,401,034
77$4,635,884$3,234,675$2,899,081$4,773,114
78$5,067,396$3,351,826$2,954,852$5,180,976
79$5,541,620$3,473,414$3,011,188$5,628,213
80$6,062,870$3,599,617$3,068,069$6,118,776
81$6,635,903$3,730,618$3,125,469$6,657,022
82$7,265,955$3,866,609$3,183,362$7,247,749
83$7,958,799$4,007,789$3,241,721$7,896,242
84$8,720,791$4,154,365$3,300,513$8,608,324
85$9,558,938$4,306,555$3,359,707$9,390,409
86$10,480,957$4,464,584$3,419,264$10,249,566
87$11,495,353$4,628,687$3,479,148$11,193,580
88$12,611,496$4,799,109$3,539,316$12,231,028
89$13,839,709$4,976,106$3,599,724$13,371,363
90$15,191,368$5,159,944$3,660,323$14,624,996
91$16,679,006$5,350,900$3,721,063$16,003,400
92$18,316,434$5,549,264$3,781,888$17,519,215
93$20,118,870$5,755,337$3,842,740$19,186,369
94$22,103,079$5,969,433$3,903,557$21,020,207
95$24,287,539$6,191,881$3,964,272$23,037,637
96$26,692,607$6,423,022$4,024,814$25,257,290
97$29,340,715$6,663,212$4,085,108$27,699,692
98$32,256,583$6,912,825$4,145,073$30,387,462
99$35,467,447$7,172,246$4,204,626$33,345,524
100$39,003,321$7,441,880$4,263,676$36,601,341