Can I retire at age 71 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$213,880$211,975$210,116$208,302$206,530$201,619
2 years$105,881$103,909$101,998$100,145$98,348$93,429
3 years$69,886$67,906$65,999$64,164$62,396$57,623
4 years$51,892$49,918$48,031$46,226$44,501$39,910
5 years$41,099$39,136$37,274$35,506$33,829$29,434
6 years$33,905$31,958$30,123$28,395$26,768$22,572
7 years$28,769$26,838$25,032$23,345$21,769$17,774
8 years$24,919$23,005$21,229$19,583$18,060$14,263
9 years$21,926$20,030$18,285$16,681$15,209$11,608
10 years$19,533$17,656$15,941$14,379$12,959$9,549
11 years$17,576$15,718$14,034$12,514$11,145$7,922
12 years$15,947$14,107$12,455$10,976$9,658$6,617
13 years$14,569$12,749$11,128$9,691$8,422$5,557
14 years$13,389$11,588$9,998$8,602$7,383$4,687
15 years$12,368$10,586$9,027$7,672$6,500$3,968
16 years$11,475$9,713$8,184$6,869$5,745$3,369
17 years$10,688$8,945$7,448$6,172$5,094$2,868
18 years$9,989$8,266$6,799$5,562$4,529$2,447
19 years$9,364$7,660$6,224$5,026$4,037$2,091
20 years$8,803$7,118$5,712$4,552$3,606$1,790
21 years$8,295$6,631$5,254$4,131$3,227$1,534
22 years$7,835$6,189$4,842$3,756$2,892$1,316
23 years$7,415$5,789$4,471$3,421$2,596$1,130
24 years$7,030$5,424$4,135$3,120$2,334$971
25 years$6,677$5,090$3,830$2,849$2,100$835
26 years$6,352$4,784$3,552$2,605$1,892$719
27 years$6,051$4,502$3,298$2,385$1,705$619
28 years$5,773$4,242$3,066$2,185$1,539$533
29 years$5,513$4,002$2,853$2,004$1,390$459
30 years$5,272$3,780$2,658$1,839$1,256$396
31 years$5,047$3,573$2,478$1,689$1,135$341
32 years$4,836$3,381$2,312$1,552$1,027$294
33 years$4,638$3,202$2,159$1,427$929$254
34 years$4,453$3,034$2,017$1,313$841$219
35 years$4,278$2,878$1,886$1,209$762$189
36 years$4,114$2,732$1,764$1,113$690$163
37 years$3,958$2,594$1,651$1,026$626$141
38 years$3,811$2,466$1,546$945$567$121
39 years$3,673$2,345$1,448$872$514$105
40 years$3,541$2,231$1,358$804$467$90
41 years$3,416$2,123$1,273$742$423$78
42 years$3,297$2,022$1,194$685$384$67
43 years$3,185$1,927$1,121$632$349$58
44 years$3,077$1,837$1,052$584$316$50
45 years$2,975$1,751$988$539$287$43
46 years$2,877$1,671$928$498$261$37
47 years$2,784$1,594$871$460$237$32
48 years$2,695$1,522$819$425$215$28
49 years$2,610$1,454$770$393$195$24
50 years$2,529$1,388$724$363$177$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,590,000, adding $3,123 every year, while hoping to spend $36,661 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: 36/43/21 Blend
70$2,590,000$2,590,000$2,590,000$2,590,000
71$2,857,401$2,720,131$2,679,986$2,942,000
72$3,109,849$2,814,411$2,730,759$3,098,435
73$3,386,818$2,912,081$2,782,004$3,263,571
74$3,690,770$3,013,270$2,833,698$3,441,100
75$4,024,419$3,118,110$2,885,816$3,632,151
76$4,390,750$3,226,738$2,938,332$3,837,967
77$4,793,057$3,339,298$2,991,216$4,059,910
78$5,234,964$3,455,939$3,044,437$4,299,480
79$5,720,465$3,576,815$3,097,960$4,558,324
80$6,253,961$3,702,087$3,151,750$4,838,253
81$6,840,298$3,831,923$3,205,768$5,141,255
82$7,484,818$3,966,497$3,259,970$5,469,521
83$8,193,404$4,105,989$3,314,313$5,825,454
84$8,972,536$4,250,588$3,368,748$6,211,702
85$9,829,358$4,400,490$3,423,224$6,631,176
86$10,771,736$4,555,898$3,477,686$7,087,075
87$11,808,341$4,717,024$3,532,076$7,582,924
88$12,948,722$4,884,089$3,586,331$8,122,596
89$14,203,404$5,057,322$3,640,386$8,710,356
90$15,583,982$5,236,961$3,694,169$9,350,897
91$17,103,232$5,423,256$3,747,607$10,049,382
92$18,775,230$5,616,463$3,800,620$10,811,497
93$20,615,487$5,816,854$3,853,125$11,643,497
94$22,641,093$6,024,707$3,905,031$12,552,270
95$24,870,881$6,240,313$3,956,246$13,545,398
96$27,325,599$6,463,977$4,006,669$14,631,228
97$30,028,112$6,696,014$4,056,194$15,818,950
98$33,003,613$6,936,752$4,104,710$17,118,684
99$36,279,864$7,186,535$4,152,100$18,541,571
100$39,887,453$7,445,718$4,198,239$20,099,881