Can I retire at age 71 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$222,138$220,159$218,229$216,344$214,504$209,404
2 years$109,969$107,921$105,936$104,012$102,145$97,036
3 years$72,585$70,528$68,548$66,641$64,805$59,847
4 years$53,896$51,845$49,885$48,011$46,219$41,451
5 years$42,686$40,647$38,713$36,877$35,135$30,570
6 years$35,215$33,192$31,286$29,491$27,801$23,443
7 years$29,880$27,874$25,999$24,246$22,610$18,460
8 years$25,881$23,893$22,049$20,340$18,757$14,814
9 years$22,773$20,803$18,991$17,325$15,796$12,056
10 years$20,287$18,337$16,557$14,934$13,459$9,918
11 years$18,255$16,325$14,576$12,997$11,575$8,228
12 years$16,562$14,652$12,936$11,400$10,031$6,872
13 years$15,132$13,241$11,557$10,065$8,747$5,771
14 years$13,906$12,036$10,384$8,934$7,668$4,868
15 years$12,845$10,995$9,376$7,968$6,751$4,121
16 years$11,918$10,088$8,500$7,134$5,967$3,499
17 years$11,100$9,290$7,735$6,410$5,291$2,979
18 years$10,374$8,585$7,061$5,777$4,704$2,541
19 years$9,726$7,956$6,464$5,220$4,193$2,172
20 years$9,142$7,393$5,932$4,728$3,745$1,859
21 years$8,616$6,887$5,457$4,291$3,352$1,593
22 years$8,137$6,428$5,029$3,901$3,004$1,367
23 years$7,701$6,012$4,644$3,553$2,697$1,173
24 years$7,302$5,633$4,295$3,240$2,424$1,009
25 years$6,935$5,286$3,978$2,959$2,181$867
26 years$6,597$4,968$3,689$2,706$1,965$746
27 years$6,285$4,676$3,426$2,477$1,771$642
28 years$5,995$4,406$3,185$2,269$1,598$553
29 years$5,726$4,157$2,963$2,081$1,443$477
30 years$5,476$3,925$2,760$1,910$1,304$411
31 years$5,242$3,711$2,573$1,754$1,179$354
32 years$5,023$3,511$2,401$1,612$1,066$305
33 years$4,817$3,325$2,242$1,482$965$263
34 years$4,625$3,152$2,095$1,364$874$227
35 years$4,443$2,989$1,958$1,256$791$196
36 years$4,272$2,837$1,832$1,156$717$169
37 years$4,111$2,695$1,715$1,065$650$146
38 years$3,959$2,561$1,606$982$589$126
39 years$3,814$2,435$1,504$905$534$109
40 years$3,678$2,317$1,410$835$485$94
41 years$3,548$2,205$1,322$771$440$81
42 years$3,425$2,100$1,240$711$399$70
43 years$3,308$2,001$1,164$656$362$60
44 years$3,196$1,908$1,092$606$329$52
45 years$3,090$1,819$1,026$560$298$45
46 years$2,989$1,735$963$517$271$39
47 years$2,892$1,656$905$478$246$34
48 years$2,799$1,581$851$441$223$29
49 years$2,711$1,510$799$408$203$25
50 years$2,626$1,442$752$377$184$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,690,000, adding $5,027 every year, while hoping to spend $35,820 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: 40/50/10 Blend
70$2,690,000$2,690,000$2,690,000$2,690,000
71$2,969,565$2,826,995$2,785,300$3,079,248
72$3,234,349$2,927,406$2,840,496$3,257,307
73$3,524,940$3,031,536$2,896,340$3,445,870
74$3,843,932$3,139,530$2,952,816$3,649,046
75$4,194,185$3,251,539$3,009,907$3,868,174
76$4,578,846$3,367,718$3,067,593$4,104,721
77$5,001,383$3,488,231$3,125,852$4,360,299
78$5,465,617$3,613,247$3,184,661$4,636,679
79$5,975,757$3,742,943$3,243,994$4,935,805
80$6,536,439$3,877,503$3,303,823$5,259,816
81$7,152,773$4,017,117$3,364,118$5,611,061
82$7,830,385$4,161,986$3,424,845$5,992,121
83$8,575,477$4,312,315$3,485,970$6,405,835
84$9,394,879$4,468,323$3,547,454$6,855,323
85$10,296,119$4,630,232$3,609,255$7,344,018
86$11,287,489$4,798,279$3,671,331$7,875,693
87$12,378,125$4,972,707$3,733,632$8,454,499
88$13,578,094$5,153,770$3,796,109$9,085,001
89$14,898,488$5,341,733$3,858,708$9,772,223
90$16,351,528$5,536,873$3,921,369$10,521,689
91$17,950,680$5,739,476$3,984,031$11,339,481
92$19,710,782$5,949,842$4,046,628$12,232,289
93$21,648,181$6,168,284$4,109,090$13,207,476
94$23,780,893$6,395,128$4,171,342$14,273,147
95$26,128,766$6,630,711$4,233,304$15,438,220
96$28,713,673$6,875,388$4,294,892$16,712,512
97$31,559,712$7,129,527$4,356,016$18,106,833
98$34,693,441$7,393,512$4,416,580$19,633,079
99$38,144,121$7,667,743$4,476,485$21,304,349
100$41,943,997$7,952,638$4,535,623$23,135,064