Can I retire at age 71 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$220,486$218,522$216,606$214,736$212,910$206,342
2 years$109,152$107,119$105,149$103,238$101,385$94,826
3 years$72,045$70,003$68,038$66,146$64,323$57,978
4 years$53,495$51,460$49,514$47,654$45,876$39,793
5 years$42,368$40,345$38,425$36,603$34,874$29,071
6 years$34,953$32,945$31,053$29,272$27,595$22,075
7 years$29,658$27,667$25,805$24,066$22,442$17,206
8 years$25,689$23,716$21,885$20,188$18,618$13,662
9 years$22,603$20,649$18,850$17,196$15,679$10,998
10 years$20,136$18,201$16,433$14,823$13,359$8,947
11 years$18,119$16,203$14,468$12,901$11,489$7,337
12 years$16,439$14,543$12,840$11,316$9,956$6,056
13 years$15,019$13,143$11,471$9,990$8,682$5,024
14 years$13,803$11,946$10,307$8,868$7,611$4,186
15 years$12,750$10,913$9,306$7,909$6,701$3,499
16 years$11,829$10,013$8,437$7,081$5,922$2,933
17 years$11,018$9,221$7,678$6,362$5,251$2,464
18 years$10,297$8,521$7,009$5,734$4,669$2,074
19 years$9,653$7,897$6,416$5,181$4,162$1,749
20 years$9,074$7,338$5,888$4,692$3,717$1,477
21 years$8,552$6,835$5,416$4,259$3,327$1,248
22 years$8,077$6,381$4,992$3,872$2,982$1,056
23 years$7,644$5,968$4,609$3,526$2,677$894
24 years$7,248$5,591$4,263$3,216$2,406$757
25 years$6,884$5,247$3,948$2,937$2,165$642
26 years$6,548$4,931$3,662$2,686$1,950$544
27 years$6,238$4,641$3,400$2,458$1,758$462
28 years$5,951$4,373$3,161$2,252$1,586$392
29 years$5,684$4,126$2,941$2,065$1,432$333
30 years$5,435$3,896$2,740$1,896$1,294$283
31 years$5,203$3,683$2,554$1,741$1,170$240
32 years$4,985$3,485$2,383$1,600$1,059$204
33 years$4,782$3,300$2,225$1,471$958$173
34 years$4,590$3,128$2,079$1,354$867$147
35 years$4,410$2,967$1,944$1,246$786$125
36 years$4,241$2,816$1,818$1,148$712$106
37 years$4,080$2,675$1,702$1,057$645$90
38 years$3,929$2,542$1,594$975$585$77
39 years$3,786$2,417$1,493$899$530$65
40 years$3,650$2,300$1,400$829$481$56
41 years$3,522$2,189$1,312$765$436$47
42 years$3,399$2,085$1,231$706$396$40
43 years$3,283$1,986$1,155$652$359$34
44 years$3,172$1,893$1,084$602$326$29
45 years$3,067$1,806$1,018$556$296$25
46 years$2,966$1,722$956$513$269$21
47 years$2,870$1,644$898$474$244$18
48 years$2,779$1,569$844$438$222$15
49 years$2,691$1,498$794$405$201$13
50 years$2,607$1,431$746$374$183$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,670,000, adding $2,025 every year, while hoping to spend $48,782 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: 60/24/16 Blend
70$2,670,000$2,670,000$2,670,000$2,670,000
71$2,944,429$2,802,919$2,761,534$3,109,003
72$3,192,857$2,888,358$2,802,141$3,305,717
73$3,464,990$2,976,349$2,842,475$3,514,602
74$3,763,193$3,066,965$2,882,472$3,741,334
75$4,090,074$3,160,282$2,922,071$3,987,645
76$4,448,503$3,256,376$2,961,201$4,255,442
77$4,841,640$3,355,329$2,999,791$4,546,823
78$5,272,968$3,457,221$3,037,765$4,864,098
79$5,746,323$3,562,136$3,075,041$5,209,811
80$6,265,928$3,670,161$3,111,535$5,586,764
81$6,836,437$3,781,383$3,147,156$5,998,041
82$7,462,977$3,895,894$3,181,809$6,447,038
83$8,151,194$4,013,787$3,215,394$6,937,496
84$8,907,310$4,135,157$3,247,804$7,473,535
85$9,738,178$4,260,101$3,278,927$8,059,693
86$10,651,347$4,388,721$3,308,646$8,700,968
87$11,655,136$4,521,120$3,336,837$9,402,865
88$12,758,707$4,657,403$3,363,369$10,171,449
89$13,972,158$4,797,678$3,388,104$11,013,398
90$15,306,610$4,942,056$3,410,898$11,936,073
91$16,774,319$5,090,652$3,431,598$12,947,579
92$18,388,787$5,243,581$3,450,044$14,056,849
93$20,164,891$5,400,965$3,466,068$15,273,719
94$22,119,022$5,562,923$3,479,493$16,609,030
95$24,269,239$5,729,584$3,490,133$18,074,725
96$26,635,442$5,901,074$3,497,793$19,683,961
97$29,239,556$6,077,525$3,502,268$21,451,234
98$32,105,739$6,259,072$3,503,342$23,392,516
99$35,260,611$6,445,854$3,500,791$25,525,407
100$38,733,503$6,638,010$3,494,377$27,869,295