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

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$219,660$217,704$215,795$213,932$212,112$205,983
2 years$108,743$106,717$104,755$102,852$101,006$94,879
3 years$71,775$69,741$67,783$65,898$64,082$58,150
4 years$53,295$51,267$49,329$47,476$45,704$40,012
5 years$42,210$40,194$38,281$36,466$34,743$29,308
6 years$34,822$32,821$30,937$29,162$27,491$22,316
7 years$29,547$27,563$25,709$23,976$22,358$17,444
8 years$25,593$23,627$21,803$20,113$18,548$13,892
9 years$22,519$20,571$18,779$17,132$15,620$11,217
10 years$20,061$18,133$16,372$14,768$13,309$9,153
11 years$18,051$16,143$14,414$12,852$11,446$7,531
12 years$16,378$14,489$12,792$11,273$9,919$6,237
13 years$14,963$13,094$11,429$9,952$8,650$5,192
14 years$13,751$11,902$10,269$8,835$7,582$4,340
15 years$12,702$10,872$9,271$7,879$6,676$3,641
16 years$11,785$9,975$8,406$7,055$5,900$3,063
17 years$10,976$9,187$7,649$6,339$5,232$2,583
18 years$10,259$8,489$6,982$5,712$4,652$2,182
19 years$9,617$7,868$6,392$5,162$4,146$1,847
20 years$9,040$7,311$5,866$4,675$3,703$1,565
21 years$8,519$6,810$5,396$4,243$3,314$1,328
22 years$8,046$6,357$4,973$3,858$2,971$1,128
23 years$7,615$5,945$4,592$3,513$2,667$959
24 years$7,220$5,570$4,247$3,204$2,397$815
25 years$6,858$5,227$3,933$2,926$2,157$694
26 years$6,524$4,913$3,648$2,676$1,943$591
27 years$6,215$4,624$3,387$2,449$1,752$503
28 years$5,929$4,357$3,149$2,244$1,580$429
29 years$5,662$4,110$2,930$2,058$1,427$366
30 years$5,415$3,882$2,730$1,888$1,289$312
31 years$5,183$3,669$2,545$1,734$1,166$266
32 years$4,967$3,472$2,374$1,594$1,055$227
33 years$4,764$3,288$2,217$1,466$954$194
34 years$4,573$3,116$2,071$1,349$864$165
35 years$4,394$2,956$1,937$1,242$783$141
36 years$4,225$2,806$1,812$1,143$709$120
37 years$4,065$2,665$1,696$1,053$643$103
38 years$3,914$2,532$1,588$971$583$88
39 years$3,772$2,408$1,488$895$528$75
40 years$3,637$2,291$1,394$826$479$64
41 years$3,508$2,181$1,307$762$435$55
42 years$3,387$2,077$1,226$703$395$47
43 years$3,271$1,979$1,151$649$358$40
44 years$3,160$1,886$1,080$599$325$34
45 years$3,055$1,799$1,014$554$295$29
46 years$2,955$1,716$953$511$268$25
47 years$2,860$1,638$895$472$243$21
48 years$2,768$1,563$841$436$221$18
49 years$2,681$1,493$791$403$201$15
50 years$2,597$1,426$743$373$182$13

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 $6,622 every year, while hoping to spend $47,803 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: 45/39/16 Blend
70$2,660,000$2,660,000$2,660,000$2,660,000
71$2,938,151$2,797,171$2,755,941$3,056,621
72$3,186,980$2,883,370$2,797,403$3,226,196
73$3,459,588$2,972,191$2,838,651$3,404,654
74$3,758,349$3,063,711$2,879,629$3,597,144
75$4,085,879$3,158,012$2,920,276$3,804,987
76$4,445,059$3,255,175$2,960,525$4,029,633
77$4,839,061$3,355,284$3,000,309$4,272,681
78$5,271,381$3,458,429$3,039,555$4,535,888
79$5,745,867$3,564,698$3,078,185$4,821,185
80$6,266,761$3,674,183$3,116,120$5,130,700
81$6,838,732$3,786,979$3,153,271$5,466,775
82$7,466,927$3,903,185$3,189,550$5,831,985
83$8,157,012$4,022,900$3,224,859$6,229,168
84$8,915,233$4,146,228$3,259,097$6,661,444
85$9,748,467$4,273,274$3,292,157$7,132,252
86$10,664,294$4,404,147$3,323,928$7,645,374
87$11,671,062$4,538,960$3,354,289$8,204,978
88$12,777,969$4,677,828$3,383,117$8,815,652
89$13,995,149$4,820,869$3,410,278$9,482,448
90$15,333,767$4,968,204$3,435,635$10,210,929
91$16,806,124$5,119,959$3,459,042$11,007,222
92$18,425,773$5,276,261$3,480,344$11,878,077
93$20,207,647$5,437,244$3,499,381$12,830,926
94$22,168,200$5,603,041$3,515,983$13,873,955
95$24,325,559$5,773,793$3,529,971$15,016,181
96$26,699,699$5,949,642$3,541,158$16,267,539
97$29,312,629$6,130,735$3,549,348$17,638,969
98$32,188,599$6,317,222$3,554,332$19,142,526
99$35,354,329$6,509,260$3,555,896$20,791,487
100$38,839,262$6,707,005$3,553,810$22,600,480