Can I retire at age 71 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$225,441$223,433$221,474$219,561$217,694$215,152
2 years$111,604$109,526$107,511$105,558$103,664$101,105
3 years$73,664$71,576$69,567$67,632$65,769$63,273
4 years$54,697$52,616$50,627$48,725$46,907$44,493
5 years$43,320$41,252$39,289$37,426$35,658$33,333
6 years$35,738$33,685$31,751$29,930$28,215$25,982
7 years$30,324$28,289$26,385$24,607$22,946$20,806
8 years$26,266$24,249$22,377$20,642$19,036$16,989
9 years$23,111$21,113$19,273$17,582$16,031$14,076
10 years$20,589$18,610$16,803$15,156$13,659$11,794
11 years$18,526$16,567$14,793$13,190$11,747$9,971
12 years$16,809$14,870$13,128$11,570$10,180$8,491
13 years$15,357$13,438$11,729$10,214$8,877$7,273
14 years$14,113$12,215$10,539$9,067$7,782$6,260
15 years$13,036$11,158$9,515$8,086$6,852$5,410
16 years$12,095$10,238$8,627$7,240$6,056$4,692
17 years$11,265$9,429$7,850$6,505$5,369$4,080
18 years$10,529$8,712$7,166$5,863$4,774$3,558
19 years$9,870$8,075$6,560$5,297$4,255$3,108
20 years$9,278$7,503$6,021$4,798$3,801$2,721
21 years$8,744$6,989$5,538$4,354$3,401$2,385
22 years$8,258$6,524$5,104$3,959$3,049$2,094
23 years$7,816$6,102$4,713$3,606$2,737$1,841
24 years$7,410$5,717$4,358$3,289$2,460$1,619
25 years$7,038$5,365$4,037$3,003$2,214$1,426
26 years$6,695$5,042$3,744$2,746$1,994$1,257
27 years$6,378$4,745$3,477$2,514$1,798$1,109
28 years$6,085$4,472$3,232$2,303$1,622$978
29 years$5,811$4,218$3,008$2,112$1,465$864
30 years$5,557$3,984$2,801$1,938$1,323$763
31 years$5,320$3,766$2,612$1,780$1,196$674
32 years$5,097$3,563$2,437$1,636$1,082$596
33 years$4,889$3,375$2,275$1,504$979$527
34 years$4,693$3,198$2,126$1,384$887$466
35 years$4,509$3,034$1,987$1,274$803$413
36 years$4,336$2,879$1,859$1,173$728$365
37 years$4,172$2,735$1,740$1,081$660$323
38 years$4,017$2,599$1,630$997$598$286
39 years$3,871$2,471$1,527$919$542$253
40 years$3,732$2,351$1,431$848$492$224
41 years$3,601$2,238$1,342$782$446$199
42 years$3,476$2,132$1,259$722$405$176
43 years$3,357$2,031$1,181$666$367$156
44 years$3,244$1,936$1,109$615$334$138
45 years$3,136$1,846$1,041$568$303$122
46 years$3,033$1,761$978$525$275$109
47 years$2,935$1,681$919$485$250$96
48 years$2,841$1,604$863$448$227$85
49 years$2,751$1,532$811$414$206$76
50 years$2,665$1,464$763$383$187$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,730,000, adding $4,463 every year, while hoping to spend $47,761 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: 51/44/5 Blend
70$2,730,000$2,730,000$2,730,000$2,730,000
71$3,013,064$2,868,374$2,826,059$3,163,019
72$3,269,579$2,958,107$2,869,914$3,355,039
73$3,550,658$3,050,636$2,913,638$3,558,099
74$3,858,756$3,146,048$2,957,176$3,777,669
75$4,196,576$3,244,431$3,000,469$4,015,306
76$4,567,098$3,345,879$3,043,455$4,272,724
77$4,973,600$3,450,486$3,086,070$4,551,807
78$5,419,697$3,558,349$3,128,242$4,854,628
79$5,909,367$3,669,569$3,169,900$5,183,465
80$6,446,995$3,784,251$3,210,963$5,540,826
81$7,037,409$3,902,500$3,251,352$5,929,471
82$7,685,929$4,024,427$3,290,976$6,352,436
83$8,398,416$4,150,146$3,329,746$6,813,063
84$9,181,325$4,279,773$3,367,563$7,315,027
85$10,041,767$4,413,430$3,404,324$7,862,378
86$10,987,580$4,551,240$3,439,921$8,459,571
87$12,027,394$4,693,332$3,474,239$9,111,511
88$13,170,720$4,839,837$3,507,158$9,823,597
89$14,428,037$4,990,892$3,538,551$10,601,775
90$15,810,887$5,146,636$3,568,283$11,452,591
91$17,331,991$5,307,215$3,596,214$12,383,252
92$19,005,362$5,472,776$3,622,195$13,401,696
93$20,846,440$5,643,473$3,646,070$14,516,663
94$22,872,237$5,819,464$3,667,674$15,737,780
95$25,101,500$6,000,912$3,686,835$17,075,647
96$27,554,880$6,187,984$3,703,371$18,541,941
97$30,255,135$6,380,852$3,717,091$20,149,522
98$33,227,341$6,579,696$3,727,796$21,912,554
99$36,499,126$6,784,698$3,735,273$23,846,639
100$40,100,935$6,996,046$3,739,303$25,968,964