Can I retire at age 71 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$217,183$215,248$213,361$211,519$209,720$207,963
2 years$107,516$105,514$103,573$101,692$99,867$98,096
3 years$70,966$68,955$67,019$65,155$63,359$61,630
4 years$52,694$50,689$48,773$46,940$45,189$43,513
5 years$41,734$39,741$37,849$36,055$34,352$32,735
6 years$34,429$32,451$30,588$28,833$27,181$25,626
7 years$29,214$27,253$25,419$23,705$22,106$20,613
8 years$25,304$23,360$21,557$19,886$18,339$16,908
9 years$22,265$20,339$18,567$16,938$15,444$14,075
10 years$19,835$17,928$16,187$14,601$13,159$11,851
11 years$17,848$15,960$14,251$12,707$11,317$10,069
12 years$16,193$14,325$12,647$11,146$9,807$8,617
13 years$14,794$12,946$11,300$9,840$8,552$7,420
14 years$13,596$11,767$10,153$8,735$7,497$6,420
15 years$12,559$10,750$9,167$7,790$6,601$5,578
16 years$11,652$9,863$8,311$6,975$5,834$4,864
17 years$10,853$9,083$7,563$6,267$5,173$4,254
18 years$10,143$8,393$6,904$5,648$4,599$3,730
19 years$9,509$7,779$6,320$5,103$4,099$3,278
20 years$8,939$7,228$5,800$4,622$3,662$2,886
21 years$8,423$6,733$5,335$4,195$3,277$2,545
22 years$7,956$6,285$4,917$3,814$2,937$2,248
23 years$7,529$5,878$4,540$3,474$2,637$1,988
24 years$7,139$5,508$4,199$3,168$2,370$1,760
25 years$6,781$5,169$3,889$2,893$2,132$1,560
26 years$6,450$4,858$3,607$2,645$1,921$1,383
27 years$6,145$4,572$3,349$2,421$1,732$1,228
28 years$5,862$4,308$3,113$2,219$1,563$1,091
29 years$5,599$4,064$2,897$2,035$1,411$969
30 years$5,354$3,838$2,699$1,867$1,275$862
31 years$5,125$3,628$2,516$1,715$1,153$767
32 years$4,911$3,433$2,347$1,576$1,043$682
33 years$4,710$3,251$2,192$1,449$944$607
34 years$4,521$3,081$2,048$1,333$854$541
35 years$4,344$2,922$1,915$1,227$774$482
36 years$4,177$2,774$1,791$1,130$701$429
37 years$4,019$2,635$1,676$1,042$635$383
38 years$3,870$2,504$1,570$960$576$341
39 years$3,729$2,381$1,471$885$522$304
40 years$3,596$2,265$1,379$816$474$271
41 years$3,469$2,156$1,293$753$430$242
42 years$3,348$2,054$1,213$695$390$216
43 years$3,234$1,957$1,138$642$354$192
44 years$3,125$1,865$1,068$593$321$172
45 years$3,021$1,778$1,003$547$292$153
46 years$2,922$1,697$942$506$265$137
47 years$2,827$1,619$885$467$241$122
48 years$2,737$1,546$832$432$218$109
49 years$2,650$1,476$782$399$198$97
50 years$2,568$1,410$735$369$180$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,630,000, adding $6,912 every year, while hoping to spend $42,681 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: 60/28/12 Blend
70$2,630,000$2,630,000$2,630,000$2,630,000
71$2,905,390$2,766,000$2,725,235$3,070,894
72$3,156,327$2,856,121$2,771,118$3,273,122
73$3,431,430$2,949,229$2,817,108$3,488,184
74$3,733,117$3,045,423$2,863,162$3,721,742
75$4,064,055$3,144,808$2,909,238$3,975,584
76$4,427,178$3,247,493$2,955,287$4,251,677
77$4,825,721$3,353,591$3,001,260$4,552,186
78$5,263,244$3,463,217$3,047,102$4,879,493
79$5,743,672$3,576,491$3,092,756$5,236,221
80$6,271,326$3,693,539$3,138,163$5,625,256
81$6,850,967$3,814,488$3,183,258$6,049,778
82$7,487,841$3,939,473$3,227,972$6,513,284
83$8,187,726$4,068,632$3,272,234$7,019,627
84$8,956,986$4,202,107$3,315,966$7,573,049
85$9,802,635$4,340,047$3,359,088$8,178,220
86$10,732,400$4,482,606$3,401,513$8,840,284
87$11,754,793$4,629,941$3,443,152$9,564,903
88$12,879,192$4,782,218$3,483,907$10,358,317
89$14,115,930$4,939,607$3,523,678$11,227,394
90$15,476,391$5,102,285$3,562,358$12,179,702
91$16,973,120$5,270,434$3,599,834$13,223,572
92$18,619,936$5,444,243$3,635,987$14,368,186
93$20,432,068$5,623,909$3,670,691$15,623,653
94$22,426,294$5,809,635$3,703,813$17,001,111
95$24,621,100$6,001,632$3,735,215$18,512,828
96$27,036,857$6,200,117$3,764,750$20,172,319
97$29,696,011$6,405,316$3,792,263$21,994,472
98$32,623,292$6,617,465$3,817,592$23,995,689
99$35,845,951$6,836,804$3,840,565$26,194,038
100$39,394,017$7,063,587$3,861,003$28,609,426