Can I retire at age 71 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$215,531$213,612$211,738$209,910$208,125$201,302
2 years$106,699$104,712$102,786$100,918$99,107$92,298
3 years$70,426$68,430$66,509$64,659$62,878$56,296
4 years$52,293$50,303$48,402$46,583$44,845$38,542
5 years$41,416$39,438$37,562$35,781$34,090$28,082
6 years$34,167$32,204$30,355$28,614$26,975$21,266
7 years$28,992$27,045$25,225$23,525$21,938$16,528
8 years$25,112$23,183$21,393$19,735$18,199$13,086
9 years$22,095$20,185$18,426$16,810$15,326$10,502
10 years$19,684$17,792$16,064$14,490$13,059$8,516
11 years$17,712$15,839$14,143$12,611$11,231$6,962
12 years$16,070$14,216$12,551$11,061$9,733$5,727
13 years$14,682$12,847$11,214$9,765$8,487$4,735
14 years$13,493$11,678$10,076$8,669$7,440$3,931
15 years$12,463$10,668$9,097$7,731$6,550$3,275
16 years$11,563$9,788$8,248$6,922$5,789$2,735
17 years$10,770$9,014$7,505$6,220$5,133$2,290
18 years$10,066$8,329$6,851$5,605$4,564$1,920
19 years$9,436$7,720$6,272$5,065$4,068$1,613
20 years$8,871$7,173$5,756$4,587$3,634$1,356
21 years$8,359$6,682$5,294$4,163$3,252$1,142
22 years$7,895$6,237$4,880$3,785$2,915$962
23 years$7,472$5,834$4,505$3,447$2,617$812
24 years$7,085$5,466$4,167$3,144$2,352$685
25 years$6,729$5,129$3,859$2,871$2,116$578
26 years$6,401$4,821$3,579$2,625$1,906$488
27 years$6,098$4,537$3,324$2,403$1,719$413
28 years$5,817$4,275$3,090$2,202$1,551$349
29 years$5,556$4,033$2,875$2,019$1,400$295
30 years$5,313$3,809$2,678$1,853$1,265$249
31 years$5,086$3,600$2,497$1,702$1,144$211
32 years$4,873$3,407$2,330$1,564$1,035$179
33 years$4,674$3,226$2,175$1,438$936$151
34 years$4,487$3,058$2,032$1,323$848$128
35 years$4,311$2,900$1,900$1,218$768$108
36 years$4,145$2,753$1,778$1,122$696$92
37 years$3,989$2,615$1,664$1,034$631$77
38 years$3,841$2,485$1,558$953$572$66
39 years$3,701$2,363$1,460$879$518$56
40 years$3,568$2,248$1,368$810$470$47
41 years$3,442$2,140$1,283$748$427$40
42 years$3,323$2,038$1,203$690$387$34
43 years$3,209$1,942$1,129$637$351$29
44 years$3,101$1,851$1,060$588$319$24
45 years$2,998$1,765$995$543$290$20
46 years$2,900$1,684$935$502$263$17
47 years$2,806$1,607$878$463$239$15
48 years$2,716$1,534$825$428$217$12
49 years$2,630$1,465$776$396$197$11
50 years$2,548$1,399$729$366$179$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,610,000, adding $3,295 every year, while hoping to spend $37,291 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: 77/14/9 Blend
70$2,610,000$2,610,000$2,610,000$2,610,000
71$2,879,619$2,741,289$2,700,834$3,096,975
72$3,133,663$2,835,935$2,751,634$3,334,975
73$3,412,369$2,933,968$2,802,887$3,590,743
74$3,718,214$3,035,516$2,854,567$3,870,100
75$4,053,926$3,140,710$2,906,649$4,175,375
76$4,422,508$3,249,687$2,959,104$4,509,137
77$4,827,272$3,362,589$3,011,901$4,874,211
78$5,271,861$3,479,564$3,065,008$5,273,711
79$5,760,293$3,600,765$3,118,388$5,711,063
80$6,296,992$3,726,351$3,172,003$6,190,042
81$6,886,833$3,856,490$3,225,813$6,714,804
82$7,535,185$3,991,354$3,279,773$7,289,928
83$8,247,965$4,131,121$3,333,836$7,920,456
84$9,031,691$4,275,979$3,387,953$8,611,941
85$9,893,543$4,426,122$3,442,069$9,370,501
86$10,841,433$4,581,751$3,496,127$10,202,874
87$11,884,079$4,743,076$3,550,067$11,116,480
88$13,031,085$4,910,317$3,603,824$12,119,498
89$14,293,033$5,083,699$3,657,329$13,220,932
90$15,681,581$5,263,459$3,710,509$14,430,704
91$17,209,577$5,449,844$3,763,286$15,759,745
92$18,891,176$5,643,108$3,815,578$17,220,095
93$20,741,974$5,843,519$3,867,298$18,825,019
94$22,779,156$6,051,352$3,918,353$20,589,133
95$25,021,658$6,266,896$3,968,646$22,528,537
96$27,490,345$6,490,451$4,018,073$24,660,970
97$30,208,206$6,722,330$4,066,524$27,005,978
98$33,200,576$6,962,856$4,113,886$29,585,092
99$36,495,368$7,212,370$4,160,034$32,422,038
100$40,123,341$7,471,222$4,204,841$35,542,957