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%17.8%
1 years$211,402$209,519$207,682$205,889$204,138$197,683
2 years$104,655$102,706$100,817$98,985$97,209$90,763
3 years$69,077$67,119$65,235$63,421$61,673$55,440
4 years$51,291$49,340$47,474$45,691$43,986$38,013
5 years$40,623$38,683$36,842$35,095$33,437$27,741
6 years$33,513$31,588$29,774$28,066$26,458$21,042
7 years$28,436$26,527$24,742$23,074$21,517$16,382
8 years$24,630$22,739$20,983$19,357$17,851$12,993
9 years$21,672$19,798$18,073$16,488$15,033$10,447
10 years$19,307$17,451$15,756$14,212$12,809$8,488
11 years$17,373$15,536$13,872$12,369$11,016$6,952
12 years$15,762$13,944$12,311$10,849$9,546$5,730
13 years$14,400$12,601$10,999$9,578$8,324$4,747
14 years$13,234$11,454$9,883$8,503$7,297$3,950
15 years$12,224$10,464$8,923$7,583$6,425$3,297
16 years$11,342$9,600$8,090$6,790$5,678$2,760
17 years$10,564$8,841$7,361$6,100$5,035$2,315
18 years$9,873$8,170$6,720$5,498$4,477$1,946
19 years$9,256$7,572$6,152$4,968$3,990$1,638
20 years$8,701$7,036$5,646$4,499$3,564$1,381
21 years$8,199$6,554$5,193$4,083$3,190$1,165
22 years$7,744$6,118$4,786$3,713$2,859$984
23 years$7,329$5,722$4,419$3,381$2,566$832
24 years$6,949$5,361$4,087$3,084$2,307$704
25 years$6,600$5,031$3,785$2,816$2,076$596
26 years$6,278$4,728$3,511$2,575$1,870$504
27 years$5,981$4,450$3,260$2,357$1,686$427
28 years$5,706$4,193$3,031$2,160$1,521$362
29 years$5,450$3,956$2,820$1,980$1,373$307
30 years$5,211$3,736$2,627$1,817$1,241$260
31 years$4,988$3,532$2,449$1,669$1,122$221
32 years$4,780$3,342$2,285$1,534$1,015$187
33 years$4,585$3,164$2,134$1,411$918$159
34 years$4,401$2,999$1,993$1,298$832$135
35 years$4,229$2,845$1,864$1,195$753$114
36 years$4,066$2,700$1,743$1,100$682$97
37 years$3,912$2,564$1,632$1,014$619$82
38 years$3,767$2,437$1,528$935$561$70
39 years$3,630$2,317$1,432$862$509$59
40 years$3,500$2,205$1,342$795$461$50
41 years$3,376$2,099$1,258$733$418$43
42 years$3,259$1,999$1,180$677$380$36
43 years$3,148$1,905$1,108$625$345$31
44 years$3,042$1,815$1,040$577$313$26
45 years$2,941$1,731$976$533$284$22
46 years$2,844$1,651$917$492$258$19
47 years$2,752$1,576$861$455$234$16
48 years$2,664$1,504$809$420$213$14
49 years$2,580$1,437$761$388$193$11
50 years$2,499$1,372$715$359$175$10

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 $4,150 every year, while hoping to spend $26,141 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: 66/29/5 Blend
70$2,560,000$2,560,000$2,560,000$2,560,000
71$2,825,401$2,689,721$2,650,041$3,009,795
72$3,085,778$2,793,703$2,711,003$3,236,626
73$3,371,837$2,901,905$2,773,132$3,480,882
74$3,686,171$3,014,504$2,836,438$3,747,103
75$4,031,634$3,131,689$2,900,933$4,037,425
76$4,411,374$3,253,654$2,966,627$4,354,195
77$4,828,854$3,380,604$3,033,529$4,699,996
78$5,287,895$3,512,751$3,101,650$5,077,671
79$5,792,703$3,650,319$3,170,998$5,490,349
80$6,347,912$3,793,538$3,241,580$5,941,470
81$6,958,630$3,942,652$3,313,404$6,434,824
82$7,630,483$4,097,915$3,386,475$6,974,581
83$8,369,670$4,259,590$3,460,800$7,565,330
84$9,183,022$4,427,956$3,536,382$8,212,124
85$10,078,065$4,603,300$3,613,226$8,920,525
86$11,063,090$4,785,925$3,691,332$9,696,655
87$12,147,236$4,976,146$3,770,702$10,547,257
88$13,340,570$5,174,293$3,851,336$11,479,754
89$14,654,184$5,380,709$3,933,233$12,502,318
90$16,100,303$5,595,756$4,016,388$13,623,949
91$17,692,395$5,819,809$4,100,798$14,854,558
92$19,445,301$6,053,261$4,186,456$16,205,057
93$21,375,374$6,296,524$4,273,355$17,687,467
94$23,500,634$6,550,025$4,361,484$19,315,023
95$25,840,938$6,814,215$4,450,833$21,102,303
96$28,418,164$7,089,562$4,541,386$23,065,363
97$31,256,423$7,376,557$4,633,129$25,221,886
98$34,382,282$7,675,713$4,726,043$27,591,352
99$37,825,017$7,987,564$4,820,107$30,195,214
100$41,616,886$8,312,672$4,915,298$33,057,104