Can I retire at age 71 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$208,925$207,064$205,248$203,476$201,746$198,813
2 years$103,428$101,502$99,635$97,825$96,069$93,121
3 years$68,267$66,333$64,471$62,677$60,950$58,078
4 years$50,690$48,762$46,918$45,156$43,470$40,696
5 years$40,147$38,230$36,410$34,684$33,045$30,377
6 years$33,120$31,217$29,425$27,737$26,148$23,588
7 years$28,103$26,216$24,452$22,804$21,265$18,816
8 years$24,342$22,472$20,737$19,130$17,641$15,302
9 years$21,418$19,566$17,861$16,294$14,857$12,626
10 years$19,080$17,247$15,572$14,046$12,659$10,534
11 years$17,169$15,354$13,709$12,224$10,887$8,868
12 years$15,577$13,781$12,167$10,722$9,434$7,517
13 years$14,232$12,454$10,870$9,466$8,227$6,410
14 years$13,079$11,320$9,767$8,403$7,212$5,491
15 years$12,081$10,341$8,818$7,494$6,350$4,723
16 years$11,209$9,488$7,995$6,710$5,612$4,076
17 years$10,440$8,738$7,275$6,029$4,976$3,528
18 years$9,757$8,074$6,641$5,433$4,424$3,060
19 years$9,147$7,483$6,080$4,909$3,943$2,660
20 years$8,599$6,954$5,580$4,446$3,522$2,316
21 years$8,103$6,477$5,132$4,035$3,152$2,020
22 years$7,653$6,046$4,730$3,669$2,825$1,764
23 years$7,243$5,655$4,367$3,342$2,536$1,542
24 years$6,868$5,298$4,039$3,048$2,280$1,350
25 years$6,523$4,972$3,741$2,783$2,051$1,182
26 years$6,205$4,673$3,470$2,545$1,848$1,036
27 years$5,911$4,398$3,222$2,329$1,666$909
28 years$5,639$4,144$2,995$2,134$1,503$797
29 years$5,386$3,909$2,787$1,957$1,357$700
30 years$5,150$3,692$2,596$1,796$1,226$615
31 years$4,930$3,490$2,420$1,650$1,109$540
32 years$4,724$3,302$2,258$1,516$1,003$475
33 years$4,531$3,127$2,109$1,394$908$417
34 years$4,350$2,964$1,970$1,283$822$367
35 years$4,179$2,811$1,842$1,181$744$323
36 years$4,018$2,668$1,723$1,088$674$284
37 years$3,867$2,534$1,613$1,002$611$250
38 years$3,723$2,409$1,510$924$554$220
39 years$3,587$2,290$1,415$852$503$194
40 years$3,459$2,179$1,326$785$456$170
41 years$3,337$2,074$1,244$725$414$150
42 years$3,221$1,975$1,167$669$375$132
43 years$3,111$1,882$1,095$617$341$116
44 years$3,006$1,794$1,027$570$309$102
45 years$2,906$1,711$965$526$281$90
46 years$2,811$1,632$906$486$255$79
47 years$2,720$1,558$851$449$231$70
48 years$2,633$1,487$800$415$210$62
49 years$2,550$1,420$752$384$191$54
50 years$2,470$1,356$707$355$173$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,530,000, adding $6,383 every year, while hoping to spend $25,964 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: 83/9/8 Blend
70$2,530,000$2,530,000$2,530,000$2,530,000
71$2,794,644$2,660,554$2,621,339$3,023,460
72$3,052,072$2,763,296$2,681,528$3,276,735
73$3,334,888$2,870,202$2,742,864$3,550,659
74$3,645,653$2,981,448$2,805,357$3,850,655
75$3,987,191$3,097,220$2,869,017$4,179,324
76$4,362,610$3,217,709$2,933,855$4,539,529
77$4,775,337$3,343,118$2,999,879$4,934,423
78$5,229,145$3,473,655$3,067,100$5,367,479
79$5,728,194$3,609,540$3,135,524$5,842,521
80$6,277,065$3,751,003$3,205,159$6,363,764
81$6,880,806$3,898,282$3,276,012$6,935,846
82$7,544,977$4,051,627$3,348,087$7,563,879
83$8,275,708$4,211,299$3,421,391$8,253,494
84$9,079,749$4,377,572$3,495,926$9,010,890
85$9,964,540$4,550,729$3,571,696$9,842,901
86$10,938,276$4,731,069$3,648,702$10,757,052
87$12,009,991$4,918,902$3,726,944$11,761,632
88$13,189,635$5,114,553$3,806,422$12,865,775
89$14,488,174$5,318,361$3,887,132$14,079,542
90$15,917,688$5,530,682$3,969,072$15,414,017
91$17,491,493$5,751,886$4,052,237$16,881,413
92$19,224,257$5,982,360$4,136,618$18,495,182
93$21,132,145$6,222,510$4,222,209$20,270,149
94$23,232,968$6,472,757$4,308,997$22,222,642
95$25,546,354$6,733,545$4,396,972$24,370,657
96$28,093,929$7,005,336$4,486,117$26,734,015
97$30,899,525$7,288,613$4,576,418$29,334,560
98$33,989,403$7,583,881$4,667,853$32,196,356
99$37,392,498$7,891,667$4,760,403$35,345,921
100$41,140,700$8,212,525$4,854,043$38,812,469