Can I retire at age 71 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$208,099$206,246$204,437$202,672$200,948$196,170
2 years$103,019$101,101$99,241$97,438$95,690$90,904
3 years$67,997$66,070$64,216$62,430$60,709$56,065
4 years$50,490$48,569$46,733$44,977$43,299$38,832
5 years$39,988$38,079$36,266$34,547$32,915$28,638
6 years$32,989$31,094$29,309$27,627$26,044$21,962
7 years$27,992$26,113$24,356$22,714$21,181$17,293
8 years$24,246$22,383$20,655$19,054$17,572$13,877
9 years$21,333$19,489$17,791$16,230$14,798$11,294
10 years$19,005$17,178$15,510$13,990$12,609$9,291
11 years$17,101$15,293$13,655$12,176$10,844$7,708
12 years$15,516$13,726$12,118$10,680$9,397$6,438
13 years$14,175$12,404$10,827$9,429$8,194$5,406
14 years$13,027$11,275$9,728$8,370$7,183$4,560
15 years$12,033$10,300$8,783$7,464$6,325$3,860
16 years$11,165$9,450$7,963$6,683$5,590$3,278
17 years$10,399$8,703$7,246$6,005$4,956$2,791
18 years$9,719$8,042$6,615$5,412$4,407$2,381
19 years$9,111$7,453$6,056$4,890$3,928$2,034
20 years$8,565$6,926$5,558$4,429$3,508$1,741
21 years$8,071$6,451$5,112$4,019$3,140$1,492
22 years$7,623$6,022$4,711$3,655$2,814$1,280
23 years$7,214$5,632$4,350$3,328$2,526$1,099
24 years$6,840$5,277$4,023$3,036$2,271$945
25 years$6,497$4,952$3,726$2,772$2,043$812
26 years$6,180$4,654$3,456$2,535$1,840$699
27 years$5,888$4,380$3,209$2,320$1,659$602
28 years$5,617$4,128$2,983$2,126$1,497$518
29 years$5,364$3,894$2,776$1,949$1,352$447
30 years$5,130$3,677$2,586$1,789$1,222$385
31 years$4,910$3,476$2,411$1,643$1,104$332
32 years$4,705$3,289$2,249$1,510$999$286
33 years$4,513$3,115$2,100$1,389$904$247
34 years$4,332$2,952$1,962$1,278$819$213
35 years$4,162$2,800$1,835$1,176$741$184
36 years$4,002$2,658$1,716$1,083$672$158
37 years$3,851$2,524$1,606$998$609$137
38 years$3,708$2,399$1,504$920$552$118
39 years$3,573$2,281$1,409$848$501$102
40 years$3,445$2,170$1,321$782$454$88
41 years$3,324$2,066$1,239$722$412$76
42 years$3,208$1,968$1,162$666$374$66
43 years$3,099$1,875$1,090$615$339$57
44 years$2,994$1,787$1,023$568$308$49
45 years$2,895$1,704$961$524$280$42
46 years$2,800$1,626$903$484$254$36
47 years$2,709$1,551$848$447$230$31
48 years$2,622$1,481$797$414$209$27
49 years$2,540$1,414$749$382$190$23
50 years$2,460$1,351$704$353$173$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,520,000, adding $6,559 every year, while hoping to spend $29,096 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: 38/34/28 Blend
70$2,520,000$2,520,000$2,520,000$2,520,000
71$2,783,806$2,650,246$2,611,186$2,866,170
72$3,036,796$2,749,150$2,667,702$3,026,186
73$3,314,616$2,851,925$2,725,137$3,195,866
74$3,619,768$2,958,730$2,783,490$3,378,696
75$3,955,008$3,069,732$2,842,761$3,575,889
76$4,323,371$3,185,102$2,902,946$3,788,779
77$4,728,205$3,305,021$2,964,044$4,018,829
78$5,173,192$3,429,677$3,026,050$4,267,649
79$5,662,393$3,559,267$3,088,959$4,537,007
80$6,200,282$3,693,995$3,152,763$4,828,848
81$6,791,785$3,834,076$3,217,455$5,145,308
82$7,442,332$3,979,731$3,283,025$5,488,739
83$8,157,905$4,131,193$3,349,462$5,861,725
84$8,945,096$4,288,705$3,416,753$6,267,108
85$9,811,164$4,452,521$3,484,883$6,708,017
86$10,764,113$4,622,904$3,553,836$7,187,891
87$11,812,756$4,800,130$3,623,594$7,710,514
88$12,966,809$4,984,488$3,694,136$8,280,052
89$14,236,973$5,176,278$3,765,439$8,901,087
90$15,635,042$5,375,813$3,837,478$9,578,663
91$17,174,009$5,583,421$3,910,227$10,318,329
92$18,868,193$5,799,444$3,983,655$11,126,194
93$20,733,371$6,024,238$4,057,729$12,008,985
94$22,786,926$6,258,178$4,132,415$12,974,102
95$25,048,015$6,501,651$4,207,673$14,029,696
96$27,537,745$6,755,064$4,283,462$15,184,738
97$30,279,374$7,018,841$4,359,738$16,449,107
98$33,298,532$7,293,426$4,436,451$17,833,680
99$36,623,460$7,579,282$4,513,550$19,350,433
100$40,285,278$7,876,891$4,590,978$21,012,553