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%17.4%
1 years$215,531$213,612$211,738$209,910$208,125$201,867
2 years$106,699$104,712$102,786$100,918$99,107$92,855
3 years$70,426$68,430$66,509$64,659$62,878$56,828
4 years$52,293$50,303$48,402$46,583$44,845$39,043
5 years$41,416$39,438$37,562$35,781$34,090$28,553
6 years$34,167$32,204$30,355$28,614$26,975$21,706
7 years$28,992$27,045$25,225$23,525$21,938$16,937
8 years$25,112$23,183$21,393$19,735$18,199$13,465
9 years$22,095$20,185$18,426$16,810$15,326$10,853
10 years$19,684$17,792$16,064$14,490$13,059$8,839
11 years$17,712$15,839$14,143$12,611$11,231$7,258
12 years$16,070$14,216$12,551$11,061$9,733$5,999
13 years$14,682$12,847$11,214$9,765$8,487$4,984
14 years$13,493$11,678$10,076$8,669$7,440$4,158
15 years$12,463$10,668$9,097$7,731$6,550$3,480
16 years$11,563$9,788$8,248$6,922$5,789$2,922
17 years$10,770$9,014$7,505$6,220$5,133$2,458
18 years$10,066$8,329$6,851$5,605$4,564$2,072
19 years$9,436$7,720$6,272$5,065$4,068$1,750
20 years$8,871$7,173$5,756$4,587$3,634$1,480
21 years$8,359$6,682$5,294$4,163$3,252$1,253
22 years$7,895$6,237$4,880$3,785$2,915$1,061
23 years$7,472$5,834$4,505$3,447$2,617$900
24 years$7,085$5,466$4,167$3,144$2,352$764
25 years$6,729$5,129$3,859$2,871$2,116$648
26 years$6,401$4,821$3,579$2,625$1,906$551
27 years$6,098$4,537$3,324$2,403$1,719$468
28 years$5,817$4,275$3,090$2,202$1,551$398
29 years$5,556$4,033$2,875$2,019$1,400$338
30 years$5,313$3,809$2,678$1,853$1,265$288
31 years$5,086$3,600$2,497$1,702$1,144$245
32 years$4,873$3,407$2,330$1,564$1,035$208
33 years$4,674$3,226$2,175$1,438$936$177
34 years$4,487$3,058$2,032$1,323$848$151
35 years$4,311$2,900$1,900$1,218$768$128
36 years$4,145$2,753$1,778$1,122$696$109
37 years$3,989$2,615$1,664$1,034$631$93
38 years$3,841$2,485$1,558$953$572$79
39 years$3,701$2,363$1,460$879$518$68
40 years$3,568$2,248$1,368$810$470$57
41 years$3,442$2,140$1,283$748$427$49
42 years$3,323$2,038$1,203$690$387$42
43 years$3,209$1,942$1,129$637$351$36
44 years$3,101$1,851$1,060$588$319$30
45 years$2,998$1,765$995$543$290$26
46 years$2,900$1,684$935$502$263$22
47 years$2,806$1,607$878$463$239$19
48 years$2,716$1,534$825$428$217$16
49 years$2,630$1,465$776$396$197$14
50 years$2,548$1,399$729$366$179$12

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 $5,930 every year, while hoping to spend $20,880 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: 32/47/21 Blend
70$2,610,000$2,610,000$2,610,000$2,610,000
71$2,882,337$2,744,007$2,703,552$2,955,687
72$3,154,119$2,856,247$2,771,905$3,123,477
73$3,452,923$2,973,287$2,841,847$3,301,776
74$3,781,484$3,095,340$2,913,412$3,493,392
75$4,142,812$3,222,630$2,986,628$3,699,506
76$4,540,229$3,355,388$3,061,530$3,921,409
77$4,977,389$3,493,859$3,138,149$4,160,519
78$5,458,323$3,638,299$3,216,517$4,418,388
79$5,987,469$3,788,972$3,296,667$4,696,721
80$6,569,719$3,946,160$3,378,633$4,997,388
81$7,210,461$4,110,152$3,462,448$5,322,439
82$7,915,634$4,281,255$3,548,146$5,674,128
83$8,691,780$4,459,788$3,635,760$6,054,925
84$9,546,109$4,646,085$3,725,325$6,467,546
85$10,486,563$4,840,495$3,816,875$6,914,971
86$11,521,897$5,043,384$3,910,445$7,400,475
87$12,661,755$5,255,134$4,006,069$7,927,655
88$13,916,764$5,476,145$4,103,782$8,500,464
89$15,298,634$5,706,836$4,203,619$9,123,244
90$16,820,269$5,947,646$4,305,615$9,800,771
91$18,495,888$6,199,032$4,409,805$10,538,292
92$20,341,159$6,461,475$4,516,223$11,341,576
93$22,373,346$6,735,476$4,624,906$12,216,967
94$24,611,474$7,021,561$4,735,887$13,171,440
95$27,076,507$7,320,280$4,849,201$14,212,666
96$29,791,544$7,632,207$4,964,883$15,349,083
97$32,782,043$7,957,946$5,082,968$16,589,973
98$36,076,052$8,298,127$5,203,489$17,945,544
99$39,704,483$8,653,409$5,326,479$19,427,030
100$43,701,398$9,024,483$5,451,973$21,046,791