Can I retire at age 71 with 2,570,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$212,228$210,338$208,493$206,693$204,935$203,815
2 years$105,063$103,107$101,210$99,372$97,588$96,458
3 years$69,347$67,381$65,490$63,668$61,914$60,808
4 years$51,492$49,532$47,660$45,870$44,158$43,085
5 years$40,781$38,834$36,986$35,232$33,568$32,532
6 years$33,644$31,711$29,890$28,175$26,561$25,563
7 years$28,547$26,631$24,839$23,165$21,601$20,642
8 years$24,727$22,828$21,065$19,432$17,920$16,999
9 years$21,757$19,875$18,144$16,552$15,092$14,208
10 years$19,382$17,519$15,818$14,268$12,859$12,013
11 years$17,440$15,596$13,926$12,417$11,059$10,251
12 years$15,824$13,998$12,359$10,892$9,583$8,812
13 years$14,457$12,650$11,042$9,616$8,357$7,621
14 years$13,286$11,499$9,921$8,536$7,326$6,625
15 years$12,272$10,505$8,957$7,612$6,450$5,783
16 years$11,386$9,638$8,121$6,816$5,701$5,067
17 years$10,605$8,876$7,390$6,124$5,055$4,453
18 years$9,912$8,202$6,746$5,519$4,494$3,924
19 years$9,292$7,601$6,176$4,987$4,006$3,466
20 years$8,735$7,064$5,668$4,517$3,578$3,067
21 years$8,231$6,579$5,213$4,099$3,202$2,719
22 years$7,774$6,142$4,805$3,727$2,870$2,414
23 years$7,358$5,744$4,436$3,394$2,576$2,146
24 years$6,976$5,382$4,103$3,096$2,316$1,910
25 years$6,626$5,051$3,800$2,827$2,084$1,702
26 years$6,303$4,747$3,524$2,585$1,877$1,518
27 years$6,005$4,467$3,273$2,366$1,692$1,354
28 years$5,728$4,209$3,042$2,168$1,527$1,210
29 years$5,471$3,971$2,831$1,988$1,379$1,081
30 years$5,231$3,750$2,637$1,825$1,246$967
31 years$5,008$3,545$2,459$1,676$1,126$865
32 years$4,799$3,355$2,294$1,540$1,019$774
33 years$4,602$3,177$2,142$1,416$922$693
34 years$4,418$3,011$2,001$1,303$835$621
35 years$4,245$2,856$1,871$1,199$756$556
36 years$4,082$2,711$1,750$1,105$685$499
37 years$3,928$2,574$1,638$1,018$621$447
38 years$3,782$2,447$1,534$938$563$401
39 years$3,644$2,327$1,437$865$510$360
40 years$3,514$2,213$1,347$798$463$323
41 years$3,390$2,107$1,263$736$420$289
42 years$3,272$2,007$1,185$679$381$260
43 years$3,160$1,912$1,112$627$346$233
44 years$3,054$1,822$1,044$579$314$209
45 years$2,952$1,738$980$535$285$188
46 years$2,855$1,658$920$494$259$169
47 years$2,763$1,582$865$456$235$151
48 years$2,674$1,510$813$422$213$136
49 years$2,590$1,442$764$390$194$122
50 years$2,509$1,378$718$360$176$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,570,000, adding $3,697 every year, while hoping to spend $25,120 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: 72/11/17 Blend
70$2,570,000$2,570,000$2,570,000$2,570,000
71$2,835,953$2,699,743$2,659,908$3,028,693
72$3,098,493$2,805,303$2,722,288$3,262,724
73$3,386,970$2,915,194$2,785,915$3,515,543
74$3,704,003$3,029,601$2,850,805$3,791,766
75$4,052,478$3,148,717$2,916,974$4,093,706
76$4,435,573$3,272,747$2,984,435$4,423,911
77$4,856,791$3,401,901$3,053,203$4,785,188
78$5,319,990$3,536,400$3,123,291$5,180,625
79$5,829,420$3,676,476$3,194,713$5,613,626
80$6,389,767$3,822,369$3,267,482$6,087,936
81$7,006,190$3,974,332$3,341,610$6,607,681
82$7,684,376$4,132,628$3,417,108$7,177,404
83$8,430,588$4,297,533$3,493,987$7,802,112
84$9,251,730$4,469,333$3,572,257$8,487,314
85$10,155,406$4,648,331$3,651,928$9,239,083
86$11,149,998$4,834,839$3,733,007$10,064,105
87$12,244,738$5,029,187$3,815,504$10,969,745
88$13,449,802$5,231,717$3,899,423$11,964,118
89$14,776,398$5,442,788$3,984,771$13,056,161
90$16,236,882$5,662,775$4,071,551$14,255,718
91$17,844,863$5,892,071$4,159,767$15,573,637
92$19,615,340$6,131,084$4,249,421$17,021,864
93$21,564,841$6,380,243$4,340,513$18,613,563
94$23,711,576$6,639,996$4,433,041$20,363,235
95$26,075,612$6,910,811$4,527,003$22,286,855
96$28,679,062$7,193,178$4,622,395$24,402,023
97$31,546,292$7,487,609$4,719,211$26,728,132
98$34,704,151$7,794,639$4,817,441$29,286,545
99$38,182,225$8,114,828$4,917,077$32,100,800
100$42,013,118$8,448,761$5,018,105$35,196,831