Can I retire at age 71 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$210,577$208,701$206,871$205,085$203,341$200,716
2 years$104,246$102,304$100,423$98,598$96,829$94,189
3 years$68,807$66,857$64,980$63,173$61,432$58,858
4 years$51,091$49,147$47,289$45,513$43,814$41,326
5 years$40,464$38,532$36,698$34,958$33,307$30,912
6 years$33,382$31,464$29,658$27,956$26,354$24,056
7 years$28,325$26,424$24,646$22,984$21,433$19,232
8 years$24,534$22,650$20,901$19,281$17,781$15,676
9 years$21,587$19,721$18,002$16,423$14,974$12,965
10 years$19,231$17,383$15,695$14,157$12,759$10,844
11 years$17,305$15,475$13,818$12,321$10,973$9,151
12 years$15,701$13,889$12,263$10,807$9,509$7,777
13 years$14,344$12,552$10,956$9,541$8,292$6,649
14 years$13,183$11,409$9,844$8,469$7,269$5,711
15 years$12,177$10,423$8,888$7,553$6,400$4,926
16 years$11,297$9,563$8,058$6,763$5,656$4,263
17 years$10,522$8,807$7,332$6,077$5,015$3,700
18 years$9,834$8,138$6,694$5,476$4,459$3,219
19 years$9,219$7,542$6,128$4,948$3,975$2,806
20 years$8,667$7,009$5,624$4,482$3,550$2,451
21 years$8,167$6,528$5,173$4,067$3,177$2,144
22 years$7,714$6,094$4,767$3,698$2,848$1,878
23 years$7,300$5,699$4,402$3,368$2,556$1,647
24 years$6,922$5,340$4,071$3,072$2,298$1,445
25 years$6,574$5,011$3,771$2,805$2,068$1,270
26 years$6,254$4,710$3,497$2,565$1,862$1,117
27 years$5,958$4,433$3,247$2,348$1,679$982
28 years$5,683$4,177$3,019$2,151$1,515$865
29 years$5,428$3,940$2,809$1,973$1,368$762
30 years$5,191$3,721$2,617$1,810$1,236$671
31 years$4,969$3,518$2,439$1,663$1,118$592
32 years$4,761$3,328$2,276$1,528$1,011$522
33 years$4,567$3,152$2,125$1,405$915$460
34 years$4,384$2,988$1,986$1,293$828$406
35 years$4,212$2,834$1,856$1,190$750$359
36 years$4,050$2,690$1,737$1,096$680$317
37 years$3,897$2,554$1,625$1,010$616$279
38 years$3,753$2,428$1,522$931$559$247
39 years$3,616$2,308$1,426$858$507$218
40 years$3,486$2,196$1,337$792$459$193
41 years$3,363$2,091$1,253$730$417$170
42 years$3,247$1,991$1,176$674$378$150
43 years$3,135$1,897$1,103$622$343$133
44 years$3,030$1,808$1,036$575$312$117
45 years$2,929$1,724$972$531$283$104
46 years$2,833$1,645$913$490$257$92
47 years$2,741$1,570$858$453$233$81
48 years$2,654$1,499$806$418$212$72
49 years$2,570$1,431$758$387$192$63
50 years$2,490$1,367$713$357$175$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,550,000, adding $4,941 every year, while hoping to spend $56,161 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: 76/9/15 Blend
70$2,550,000$2,550,000$2,550,000$2,550,000
71$2,815,197$2,680,047$2,640,522$3,019,710
72$3,042,592$2,751,614$2,669,224$3,227,004
73$3,291,299$2,824,806$2,697,006$3,446,682
74$3,563,433$2,899,643$2,723,777$3,685,984
75$3,861,322$2,976,144$2,749,442$3,946,847
76$4,187,529$3,054,328$2,773,901$4,231,405
77$4,544,879$3,134,212$2,797,049$4,542,008
78$4,936,480$3,215,812$2,818,774$4,881,245
79$5,365,758$3,299,143$2,838,959$5,251,967
80$5,836,483$3,384,219$2,857,482$5,657,316
81$6,352,810$3,471,051$2,874,214$6,100,751
82$6,919,314$3,559,650$2,889,017$6,586,086
83$7,541,035$3,650,024$2,901,750$7,117,518
84$8,223,523$3,742,178$2,912,261$7,699,676
85$8,972,894$3,836,116$2,920,394$8,337,657
86$9,795,885$3,931,841$2,925,982$9,037,076
87$10,699,914$4,029,351$2,928,852$9,804,122
88$11,693,158$4,128,641$2,928,821$10,645,613
89$12,784,620$4,229,705$2,925,697$11,569,061
90$13,984,223$4,332,532$2,919,279$12,582,742
91$15,302,895$4,437,108$2,909,357$13,695,778
92$16,752,680$4,543,415$2,895,709$14,918,217
93$18,346,842$4,651,431$2,878,104$16,261,132
94$20,099,998$4,761,130$2,856,299$17,736,726
95$22,028,252$4,872,479$2,830,039$19,358,443
96$24,149,347$4,985,444$2,799,059$21,141,099
97$26,482,832$5,099,982$2,763,078$23,101,019
98$29,050,245$5,216,045$2,721,805$25,256,193
99$31,875,317$5,333,579$2,674,934$27,626,445
100$34,984,199$5,452,524$2,622,144$30,233,620