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%15.9%
1 years$210,577$208,701$206,871$205,085$203,341$198,425
2 years$104,246$102,304$100,423$98,598$96,829$91,906
3 years$68,807$66,857$64,980$63,173$61,432$56,656
4 years$51,091$49,147$47,289$45,513$43,814$39,221
5 years$40,464$38,532$36,698$34,958$33,307$28,910
6 years$33,382$31,464$29,658$27,956$26,354$22,158
7 years$28,325$26,424$24,646$22,984$21,433$17,438
8 years$24,534$22,650$20,901$19,281$17,781$13,986
9 years$21,587$19,721$18,002$16,423$14,974$11,375
10 years$19,231$17,383$15,695$14,157$12,759$9,352
11 years$17,305$15,475$13,818$12,321$10,973$7,754
12 years$15,701$13,889$12,263$10,807$9,509$6,472
13 years$14,344$12,552$10,956$9,541$8,292$5,431
14 years$13,183$11,409$9,844$8,469$7,269$4,578
15 years$12,177$10,423$8,888$7,553$6,400$3,873
16 years$11,297$9,563$8,058$6,763$5,656$3,286
17 years$10,522$8,807$7,332$6,077$5,015$2,795
18 years$9,834$8,138$6,694$5,476$4,459$2,383
19 years$9,219$7,542$6,128$4,948$3,975$2,035
20 years$8,667$7,009$5,624$4,482$3,550$1,740
21 years$8,167$6,528$5,173$4,067$3,177$1,490
22 years$7,714$6,094$4,767$3,698$2,848$1,278
23 years$7,300$5,699$4,402$3,368$2,556$1,096
24 years$6,922$5,340$4,071$3,072$2,298$941
25 years$6,574$5,011$3,771$2,805$2,068$809
26 years$6,254$4,710$3,497$2,565$1,862$695
27 years$5,958$4,433$3,247$2,348$1,679$598
28 years$5,683$4,177$3,019$2,151$1,515$515
29 years$5,428$3,940$2,809$1,973$1,368$443
30 years$5,191$3,721$2,617$1,810$1,236$382
31 years$4,969$3,518$2,439$1,663$1,118$329
32 years$4,761$3,328$2,276$1,528$1,011$283
33 years$4,567$3,152$2,125$1,405$915$244
34 years$4,384$2,988$1,986$1,293$828$210
35 years$4,212$2,834$1,856$1,190$750$181
36 years$4,050$2,690$1,737$1,096$680$156
37 years$3,897$2,554$1,625$1,010$616$135
38 years$3,753$2,428$1,522$931$559$116
39 years$3,616$2,308$1,426$858$507$100
40 years$3,486$2,196$1,337$792$459$86
41 years$3,363$2,091$1,253$730$417$75
42 years$3,247$1,991$1,176$674$378$64
43 years$3,135$1,897$1,103$622$343$55
44 years$3,030$1,808$1,036$575$312$48
45 years$2,929$1,724$972$531$283$41
46 years$2,833$1,645$913$490$257$36
47 years$2,741$1,570$858$453$233$31
48 years$2,654$1,499$806$418$212$27
49 years$2,570$1,431$758$387$192$23
50 years$2,490$1,367$713$357$175$20

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 $2,615 every year, while hoping to spend $39,725 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: 80/15/5 Blend
70$2,550,000$2,550,000$2,550,000$2,550,000
71$2,812,797$2,677,647$2,638,122$3,037,171
72$3,057,436$2,766,585$2,684,232$3,273,296
73$3,325,696$2,858,549$2,730,556$3,526,778
74$3,619,945$2,953,646$2,777,057$3,803,679
75$3,942,791$3,051,986$2,823,700$4,106,313
76$4,297,105$3,153,684$2,870,445$4,437,227
77$4,686,053$3,258,858$2,917,248$4,799,227
78$5,113,119$3,367,630$2,964,064$5,195,404
79$5,582,142$3,480,128$3,010,844$5,629,159
80$6,097,350$3,596,485$3,057,538$6,104,238
81$6,663,404$3,716,837$3,104,089$6,624,769
82$7,285,435$3,841,326$3,150,440$7,195,295
83$7,969,098$3,970,099$3,196,528$7,820,820
84$8,720,622$4,103,309$3,242,288$8,506,858
85$9,546,869$4,241,115$3,287,648$9,259,481
86$10,455,401$4,383,681$3,332,536$10,085,376
87$11,454,548$4,531,178$3,376,872$10,991,909
88$12,553,487$4,683,781$3,420,573$11,987,197
89$13,762,332$4,841,676$3,463,551$13,080,179
90$15,092,223$5,005,051$3,505,713$14,280,701
91$16,555,437$5,174,105$3,546,961$15,599,613
92$18,165,498$5,349,043$3,587,191$17,048,865
93$19,937,309$5,530,077$3,626,293$18,641,625
94$21,887,292$5,717,427$3,664,150$20,392,397
95$24,033,539$5,911,324$3,700,642$22,317,162
96$26,395,985$6,112,005$3,735,640$24,433,527
97$28,996,599$6,319,716$3,769,007$26,760,890
98$31,859,584$6,534,715$3,800,601$29,320,622
99$35,011,612$6,757,266$3,830,271$32,136,272
100$38,482,071$6,987,646$3,857,859$35,233,783