Can I retire at age 71 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$211,402$209,519$207,682$205,889$204,138$200,922
2 years$104,655$102,706$100,817$98,985$97,209$93,976
3 years$69,077$67,119$65,235$63,421$61,673$58,526
4 years$51,291$49,340$47,474$45,691$43,986$40,948
5 years$40,623$38,683$36,842$35,095$33,437$30,517
6 years$33,513$31,588$29,774$28,066$26,458$23,659
7 years$28,436$26,527$24,742$23,074$21,517$18,840
8 years$24,630$22,739$20,983$19,357$17,851$15,295
9 years$21,672$19,798$18,073$16,488$15,033$12,598
10 years$19,307$17,451$15,756$14,212$12,809$10,492
11 years$17,373$15,536$13,872$12,369$11,016$8,815
12 years$15,762$13,944$12,311$10,849$9,546$7,459
13 years$14,400$12,601$10,999$9,578$8,324$6,347
14 years$13,234$11,454$9,883$8,503$7,297$5,427
15 years$12,224$10,464$8,923$7,583$6,425$4,658
16 years$11,342$9,600$8,090$6,790$5,678$4,012
17 years$10,564$8,841$7,361$6,100$5,035$3,464
18 years$9,873$8,170$6,720$5,498$4,477$2,999
19 years$9,256$7,572$6,152$4,968$3,990$2,601
20 years$8,701$7,036$5,646$4,499$3,564$2,260
21 years$8,199$6,554$5,193$4,083$3,190$1,966
22 years$7,744$6,118$4,786$3,713$2,859$1,713
23 years$7,329$5,722$4,419$3,381$2,566$1,494
24 years$6,949$5,361$4,087$3,084$2,307$1,305
25 years$6,600$5,031$3,785$2,816$2,076$1,140
26 years$6,278$4,728$3,511$2,575$1,870$997
27 years$5,981$4,450$3,260$2,357$1,686$872
28 years$5,706$4,193$3,031$2,160$1,521$763
29 years$5,450$3,956$2,820$1,980$1,373$669
30 years$5,211$3,736$2,627$1,817$1,241$586
31 years$4,988$3,532$2,449$1,669$1,122$513
32 years$4,780$3,342$2,285$1,534$1,015$450
33 years$4,585$3,164$2,134$1,411$918$395
34 years$4,401$2,999$1,993$1,298$832$346
35 years$4,229$2,845$1,864$1,195$753$304
36 years$4,066$2,700$1,743$1,100$682$267
37 years$3,912$2,564$1,632$1,014$619$234
38 years$3,767$2,437$1,528$935$561$205
39 years$3,630$2,317$1,432$862$509$180
40 years$3,500$2,205$1,342$795$461$158
41 years$3,376$2,099$1,258$733$418$139
42 years$3,259$1,999$1,180$677$380$122
43 years$3,148$1,905$1,108$625$345$107
44 years$3,042$1,815$1,040$577$313$94
45 years$2,941$1,731$976$533$284$83
46 years$2,844$1,651$917$492$258$73
47 years$2,752$1,576$861$455$234$64
48 years$2,664$1,504$809$420$213$56
49 years$2,580$1,437$761$388$193$49
50 years$2,499$1,372$715$359$175$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,560,000, adding $3,666 every year, while hoping to spend $44,563 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: 79/5/16 Blend
70$2,560,000$2,560,000$2,560,000$2,560,000
71$2,824,901$2,689,221$2,649,541$3,038,146
72$3,065,627$2,773,579$2,690,886$3,263,503
73$3,329,412$2,860,576$2,732,123$3,504,664
74$3,618,564$2,950,295$2,773,200$3,768,028
75$3,935,619$3,042,822$2,814,064$4,055,801
76$4,283,375$3,138,243$2,854,658$4,370,412
77$4,664,911$3,236,648$2,894,921$4,714,539
78$5,083,620$3,338,132$2,934,789$5,091,128
79$5,543,238$3,442,789$2,974,193$5,503,426
80$6,047,882$3,550,719$3,013,062$5,955,011
81$6,602,085$3,662,024$3,051,319$6,449,822
82$7,210,842$3,776,807$3,088,882$6,992,201
83$7,879,656$3,895,179$3,125,668$7,586,928
84$8,614,588$4,017,250$3,161,585$8,239,273
85$9,422,316$4,143,135$3,196,538$8,955,039
86$10,310,197$4,272,953$3,230,427$9,740,620
87$11,286,336$4,406,827$3,263,145$10,603,064
88$12,359,663$4,544,883$3,294,582$11,550,130
89$13,540,017$4,687,250$3,324,618$12,590,373
90$14,838,235$4,834,062$3,353,130$13,733,215
91$16,266,263$4,985,459$3,379,987$14,989,040
92$17,837,256$5,141,581$3,405,051$16,369,287
93$19,565,714$5,302,576$3,428,178$17,886,561
94$21,467,609$5,468,595$3,449,215$19,554,753
95$23,560,544$5,639,794$3,468,001$21,389,167
96$25,863,909$5,816,334$3,484,369$23,406,666
97$28,399,074$5,998,380$3,498,141$25,625,833
98$31,189,582$6,186,103$3,509,132$28,067,144
99$34,261,377$6,379,680$3,517,146$30,753,161
100$37,643,044$6,579,291$3,521,977$33,708,747