Can I retire at age 71 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$219,660$217,704$215,795$213,932$212,112$209,462
2 years$108,743$106,717$104,755$102,852$101,006$98,339
3 years$71,775$69,741$67,783$65,898$64,082$61,482
4 years$53,295$51,267$49,329$47,476$45,704$43,190
5 years$42,210$40,194$38,281$36,466$34,743$32,323
6 years$34,822$32,821$30,937$29,162$27,491$25,167
7 years$29,547$27,563$25,709$23,976$22,358$20,132
8 years$25,593$23,627$21,803$20,113$18,548$16,419
9 years$22,519$20,571$18,779$17,132$15,620$13,588
10 years$20,061$18,133$16,372$14,768$13,309$11,372
11 years$18,051$16,143$14,414$12,852$11,446$9,602
12 years$16,378$14,489$12,792$11,273$9,919$8,166
13 years$14,963$13,094$11,429$9,952$8,650$6,986
14 years$13,751$11,902$10,269$8,835$7,582$6,005
15 years$12,702$10,872$9,271$7,879$6,676$5,182
16 years$11,785$9,975$8,406$7,055$5,900$4,488
17 years$10,976$9,187$7,649$6,339$5,232$3,898
18 years$10,259$8,489$6,982$5,712$4,652$3,393
19 years$9,617$7,868$6,392$5,162$4,146$2,961
20 years$9,040$7,311$5,866$4,675$3,703$2,588
21 years$8,519$6,810$5,396$4,243$3,314$2,265
22 years$8,046$6,357$4,973$3,858$2,971$1,986
23 years$7,615$5,945$4,592$3,513$2,667$1,743
24 years$7,220$5,570$4,247$3,204$2,397$1,531
25 years$6,858$5,227$3,933$2,926$2,157$1,346
26 years$6,524$4,913$3,648$2,676$1,943$1,184
27 years$6,215$4,624$3,387$2,449$1,752$1,043
28 years$5,929$4,357$3,149$2,244$1,580$919
29 years$5,662$4,110$2,930$2,058$1,427$810
30 years$5,415$3,882$2,730$1,888$1,289$714
31 years$5,183$3,669$2,545$1,734$1,166$630
32 years$4,967$3,472$2,374$1,594$1,055$556
33 years$4,764$3,288$2,217$1,466$954$491
34 years$4,573$3,116$2,071$1,349$864$434
35 years$4,394$2,956$1,937$1,242$783$383
36 years$4,225$2,806$1,812$1,143$709$339
37 years$4,065$2,665$1,696$1,053$643$299
38 years$3,914$2,532$1,588$971$583$264
39 years$3,772$2,408$1,488$895$528$234
40 years$3,637$2,291$1,394$826$479$207
41 years$3,508$2,181$1,307$762$435$183
42 years$3,387$2,077$1,226$703$395$162
43 years$3,271$1,979$1,151$649$358$143
44 years$3,160$1,886$1,080$599$325$126
45 years$3,055$1,799$1,014$554$295$112
46 years$2,955$1,716$953$511$268$99
47 years$2,860$1,638$895$472$243$87
48 years$2,768$1,563$841$436$221$77
49 years$2,681$1,493$791$403$201$68
50 years$2,597$1,426$743$373$182$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,660,000, adding $4,474 every year, while hoping to spend $37,732 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: 60/30/10 Blend
70$2,660,000$2,660,000$2,660,000$2,660,000
71$2,935,935$2,794,955$2,753,725$3,105,044
72$3,195,254$2,891,761$2,805,828$3,315,903
73$3,479,758$2,992,046$2,858,412$3,541,112
74$3,791,978$3,095,941$2,911,453$3,785,833
75$4,134,699$3,203,581$2,964,926$4,051,947
76$4,510,989$3,315,107$3,018,802$4,341,525
77$4,924,229$3,430,667$3,073,051$4,656,846
78$5,378,143$3,550,412$3,127,641$5,000,417
79$5,876,833$3,674,501$3,182,536$5,374,996
80$6,424,818$3,803,100$3,237,699$5,783,619
81$7,027,077$3,936,379$3,293,089$6,229,628
82$7,689,094$4,074,517$3,348,663$6,716,702
83$8,416,912$4,217,700$3,404,374$7,248,890
84$9,217,190$4,366,119$3,460,173$7,830,649
85$10,097,261$4,519,976$3,516,006$8,466,886
86$11,065,206$4,679,480$3,571,817$9,163,005
87$12,129,930$4,844,847$3,627,546$9,924,956
88$13,301,241$5,016,304$3,683,128$10,759,289
89$14,589,950$5,194,084$3,738,494$11,673,217
90$16,007,964$5,378,434$3,793,573$12,674,685
91$17,568,405$5,569,606$3,848,287$13,772,440
92$19,285,732$5,767,866$3,902,554$14,976,119
93$21,175,875$5,973,490$3,956,287$16,296,330
94$23,256,386$6,186,763$4,009,395$17,744,763
95$25,546,608$6,407,985$4,061,781$19,334,288
96$28,067,852$6,637,466$4,113,340$21,079,085
97$30,843,600$6,875,529$4,163,964$22,994,772
98$33,899,729$7,122,512$4,213,539$25,098,551
99$37,264,751$7,378,764$4,261,942$27,409,373
100$40,970,083$7,644,651$4,309,044$29,948,112