Can I retire at age 71 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$222,963$220,977$219,040$217,149$215,302$211,301
2 years$110,378$108,322$106,330$104,398$102,525$98,508
3 years$72,854$70,790$68,803$66,889$65,046$61,140
4 years$54,096$52,038$50,071$48,190$46,391$42,625
5 years$42,844$40,798$38,857$37,014$35,266$31,651
6 years$35,345$33,315$31,402$29,601$27,905$24,445
7 years$29,991$27,978$26,095$24,336$22,694$19,390
8 years$25,977$23,982$22,131$20,415$18,827$15,678
9 years$22,857$20,881$19,061$17,389$15,855$12,859
10 years$20,362$18,405$16,618$14,990$13,509$10,664
11 years$18,323$16,385$14,630$13,045$11,618$8,920
12 years$16,624$14,707$12,984$11,443$10,068$7,514
13 years$15,188$13,290$11,600$10,102$8,780$6,365
14 years$13,958$12,081$10,423$8,968$7,696$5,416
15 years$12,893$11,036$9,411$7,997$6,776$4,627
16 years$11,962$10,125$8,532$7,161$5,989$3,965
17 years$11,141$9,325$7,764$6,434$5,310$3,407
18 years$10,413$8,617$7,087$5,798$4,722$2,934
19 years$9,762$7,986$6,488$5,239$4,208$2,532
20 years$9,176$7,421$5,954$4,745$3,759$2,188
21 years$8,648$6,912$5,477$4,307$3,364$1,894
22 years$8,167$6,452$5,048$3,916$3,015$1,641
23 years$7,730$6,035$4,661$3,566$2,707$1,424
24 years$7,329$5,654$4,310$3,252$2,433$1,236
25 years$6,961$5,306$3,992$2,970$2,189$1,074
26 years$6,622$4,987$3,703$2,716$1,972$934
27 years$6,308$4,693$3,438$2,486$1,778$813
28 years$6,018$4,422$3,196$2,278$1,604$707
29 years$5,748$4,172$2,974$2,089$1,449$616
30 years$5,496$3,940$2,771$1,917$1,309$537
31 years$5,261$3,725$2,583$1,760$1,183$468
32 years$5,041$3,524$2,410$1,618$1,070$408
33 years$4,835$3,338$2,250$1,488$969$355
34 years$4,642$3,163$2,102$1,369$877$310
35 years$4,460$3,000$1,966$1,260$794$270
36 years$4,288$2,848$1,839$1,161$720$236
37 years$4,126$2,705$1,721$1,069$652$206
38 years$3,973$2,570$1,612$986$591$180
39 years$3,829$2,444$1,510$909$536$157
40 years$3,691$2,325$1,415$838$486$137
41 years$3,561$2,214$1,327$773$441$119
42 years$3,437$2,108$1,245$714$400$104
43 years$3,320$2,009$1,168$659$363$91
44 years$3,208$1,915$1,097$608$330$79
45 years$3,101$1,826$1,030$562$299$69
46 years$3,000$1,742$967$519$272$61
47 years$2,903$1,662$909$479$247$53
48 years$2,810$1,587$854$443$224$46
49 years$2,721$1,515$802$409$204$40
50 years$2,636$1,447$754$378$185$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,700,000, adding $5,880 every year, while hoping to spend $29,475 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: 47/45/8 Blend
70$2,700,000$2,700,000$2,700,000$2,700,000
71$2,981,465$2,838,365$2,796,515$3,114,846
72$3,254,214$2,946,084$2,858,837$3,314,834
73$3,553,794$3,058,093$2,922,259$3,528,188
74$3,882,913$3,174,572$2,986,787$3,759,045
75$4,244,551$3,295,706$3,052,425$4,009,037
76$4,641,992$3,421,693$3,119,178$4,279,957
77$5,078,854$3,552,734$3,187,049$4,573,776
78$5,559,121$3,689,043$3,256,040$4,892,658
79$6,087,187$3,830,840$3,326,152$5,238,983
80$6,667,887$3,978,359$3,397,385$5,615,366
81$7,306,553$4,131,840$3,469,739$6,024,682
82$8,009,057$4,291,536$3,543,211$6,470,090
83$8,781,869$4,457,709$3,617,797$6,955,068
84$9,632,118$4,630,636$3,693,492$7,483,435
85$10,567,660$4,810,602$3,770,289$8,059,397
86$11,597,148$4,997,909$3,848,181$8,687,575
87$12,730,119$5,192,868$3,927,157$9,373,058
88$13,977,080$5,395,808$4,007,206$10,121,439
89$15,349,609$5,607,069$4,088,313$10,938,876
90$16,860,461$5,827,008$4,170,465$11,832,143
91$18,523,695$6,055,998$4,253,641$12,808,696
92$20,354,797$6,294,427$4,337,824$13,876,737
93$22,370,835$6,542,702$4,422,989$15,045,297
94$24,590,614$6,801,249$4,509,113$16,324,314
95$27,034,856$7,070,509$4,596,168$17,724,729
96$29,726,394$7,350,947$4,684,123$19,258,584
97$32,690,390$7,643,048$4,772,945$20,939,137
98$35,954,569$7,947,316$4,862,597$22,780,984
99$39,549,481$8,264,280$4,953,040$24,800,194
100$43,508,792$8,594,494$5,044,231$27,014,463