Can I retire at age 71 with 2,510,000?

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 $2,510,000?

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$207,273$205,427$203,626$201,868$200,151$197,896
2 years$102,611$100,700$98,848$97,052$95,310$93,040
3 years$67,728$65,808$63,961$62,182$60,469$58,254
4 years$50,289$48,376$46,547$44,799$43,127$40,984
5 years$39,829$37,927$36,122$34,410$32,784$30,721
6 years$32,858$30,971$29,192$27,518$25,941$23,959
7 years$27,881$26,009$24,259$22,624$21,097$19,197
8 years$24,149$22,295$20,574$18,979$17,502$15,683
9 years$21,249$19,411$17,720$16,166$14,739$13,002
10 years$18,930$17,110$15,449$13,935$12,559$10,901
11 years$17,033$15,232$13,601$12,127$10,801$9,222
12 years$15,454$13,672$12,070$10,637$9,360$7,858
13 years$14,119$12,355$10,784$9,391$8,162$6,735
14 years$12,976$11,230$9,690$8,337$7,155$5,801
15 years$11,986$10,259$8,748$7,435$6,300$5,017
16 years$11,120$9,413$7,932$6,657$5,568$4,353
17 years$10,357$8,669$7,217$5,981$4,937$3,789
18 years$9,680$8,010$6,589$5,390$4,389$3,306
19 years$9,075$7,424$6,032$4,871$3,912$2,890
20 years$8,531$6,899$5,535$4,411$3,495$2,532
21 years$8,039$6,426$5,092$4,003$3,127$2,221
22 years$7,593$5,998$4,693$3,640$2,803$1,952
23 years$7,186$5,610$4,333$3,315$2,516$1,717
24 years$6,813$5,256$4,007$3,024$2,262$1,512
25 years$6,471$4,933$3,711$2,761$2,035$1,332
26 years$6,156$4,636$3,442$2,525$1,833$1,175
27 years$5,864$4,363$3,196$2,311$1,653$1,037
28 years$5,594$4,111$2,971$2,117$1,491$916
29 years$5,343$3,878$2,765$1,942$1,347$809
30 years$5,109$3,663$2,576$1,782$1,217$716
31 years$4,891$3,463$2,401$1,637$1,100$633
32 years$4,687$3,276$2,240$1,504$995$560
33 years$4,495$3,103$2,092$1,383$901$496
34 years$4,315$2,941$1,954$1,273$815$439
35 years$4,146$2,789$1,827$1,171$738$389
36 years$3,986$2,647$1,709$1,079$669$344
37 years$3,836$2,514$1,600$994$606$305
38 years$3,694$2,390$1,498$916$550$270
39 years$3,559$2,272$1,404$845$499$240
40 years$3,432$2,162$1,316$779$452$212
41 years$3,311$2,058$1,234$719$410$188
42 years$3,196$1,960$1,157$664$372$167
43 years$3,086$1,867$1,086$612$338$148
44 years$2,982$1,780$1,019$566$307$131
45 years$2,883$1,697$957$522$278$116
46 years$2,789$1,619$899$482$253$103
47 years$2,698$1,545$845$446$230$91
48 years$2,612$1,475$794$412$208$81
49 years$2,530$1,409$746$381$189$72
50 years$2,451$1,346$701$352$172$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,510,000, adding $3,125 every year, while hoping to spend $57,383 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: 72/10/18 Blend
70$2,510,000$2,510,000$2,510,000$2,510,000
71$2,769,243$2,636,213$2,597,308$2,956,673
72$2,990,651$2,704,333$2,623,263$3,149,744
73$3,232,719$2,773,867$2,648,164$3,353,899
74$3,497,495$2,844,824$2,671,916$3,576,011
75$3,787,231$2,917,212$2,694,416$3,817,852
76$4,104,409$2,991,036$2,715,560$4,081,369
77$4,451,762$3,066,301$2,735,235$4,368,712
78$4,832,300$3,143,007$2,753,323$4,682,247
79$5,249,335$3,221,156$2,769,700$5,024,579
80$5,706,519$3,300,744$2,784,237$5,398,582
81$6,207,871$3,381,767$2,796,796$5,807,418
82$6,757,818$3,464,218$2,807,233$6,254,573
83$7,361,237$3,548,086$2,815,397$6,743,888
84$8,023,500$3,633,359$2,821,129$7,279,594
85$8,750,523$3,720,020$2,824,263$7,866,352
86$9,548,824$3,808,049$2,824,624$8,509,300
87$10,425,583$3,897,422$2,822,028$9,214,099
88$11,388,709$3,988,112$2,816,282$9,986,984
89$12,446,915$4,080,087$2,807,185$10,834,830
90$13,609,800$4,173,311$2,794,525$11,765,208
91$14,887,937$4,267,741$2,778,080$12,786,463
92$16,292,978$4,363,332$2,757,616$13,907,792
93$17,837,757$4,460,030$2,732,892$15,139,327
94$19,536,414$4,557,777$2,703,650$16,492,235
95$21,404,530$4,656,510$2,669,623$17,978,820
96$23,459,268$4,756,155$2,630,532$19,612,644
97$25,719,541$4,856,634$2,586,082$21,408,648
98$28,206,186$4,957,861$2,535,968$23,383,299
99$30,942,161$5,059,741$2,479,867$25,554,746
100$33,952,763$5,162,169$2,417,443$27,942,984