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

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$225,441$223,433$221,474$219,561$217,694$209,471
2 years$111,604$109,526$107,511$105,558$103,664$95,474
3 years$73,664$71,576$69,567$67,632$65,769$57,871
4 years$54,697$52,616$50,627$48,725$46,907$39,361
5 years$43,320$41,252$39,289$37,426$35,658$28,483
6 years$35,738$33,685$31,751$29,930$28,215$21,416
7 years$30,324$28,289$26,385$24,607$22,946$16,522
8 years$26,266$24,249$22,377$20,642$19,036$12,980
9 years$23,111$21,113$19,273$17,582$16,031$10,335
10 years$20,589$18,610$16,803$15,156$13,659$8,312
11 years$18,526$16,567$14,793$13,190$11,747$6,738
12 years$16,809$14,870$13,128$11,570$10,180$5,495
13 years$15,357$13,438$11,729$10,214$8,877$4,503
14 years$14,113$12,215$10,539$9,067$7,782$3,705
15 years$13,036$11,158$9,515$8,086$6,852$3,057
16 years$12,095$10,238$8,627$7,240$6,056$2,530
17 years$11,265$9,429$7,850$6,505$5,369$2,098
18 years$10,529$8,712$7,166$5,863$4,774$1,742
19 years$9,870$8,075$6,560$5,297$4,255$1,449
20 years$9,278$7,503$6,021$4,798$3,801$1,207
21 years$8,744$6,989$5,538$4,354$3,401$1,006
22 years$8,258$6,524$5,104$3,959$3,049$839
23 years$7,816$6,102$4,713$3,606$2,737$700
24 years$7,410$5,717$4,358$3,289$2,460$585
25 years$7,038$5,365$4,037$3,003$2,214$489
26 years$6,695$5,042$3,744$2,746$1,994$408
27 years$6,378$4,745$3,477$2,514$1,798$342
28 years$6,085$4,472$3,232$2,303$1,622$286
29 years$5,811$4,218$3,008$2,112$1,465$239
30 years$5,557$3,984$2,801$1,938$1,323$200
31 years$5,320$3,766$2,612$1,780$1,196$167
32 years$5,097$3,563$2,437$1,636$1,082$140
33 years$4,889$3,375$2,275$1,504$979$117
34 years$4,693$3,198$2,126$1,384$887$98
35 years$4,509$3,034$1,987$1,274$803$82
36 years$4,336$2,879$1,859$1,173$728$69
37 years$4,172$2,735$1,740$1,081$660$58
38 years$4,017$2,599$1,630$997$598$48
39 years$3,871$2,471$1,527$919$542$40
40 years$3,732$2,351$1,431$848$492$34
41 years$3,601$2,238$1,342$782$446$28
42 years$3,476$2,132$1,259$722$405$24
43 years$3,357$2,031$1,181$666$367$20
44 years$3,244$1,936$1,109$615$334$17
45 years$3,136$1,846$1,041$568$303$14
46 years$3,033$1,761$978$525$275$12
47 years$2,935$1,681$919$485$250$10
48 years$2,841$1,604$863$448$227$8
49 years$2,751$1,532$811$414$206$7
50 years$2,665$1,464$763$383$187$6

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 $5,295 every year, while hoping to spend $55,980 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: 56/35/9 Blend
70$2,730,000$2,730,000$2,730,000$2,730,000
71$3,013,922$2,869,232$2,826,917$3,175,913
72$3,261,780$2,950,262$2,862,056$3,366,915
73$3,533,043$3,033,386$2,896,497$3,568,185
74$3,830,039$3,118,648$2,930,155$3,786,052
75$4,155,333$3,206,092$2,962,946$4,022,106
76$4,511,748$3,295,761$2,994,775$4,278,099
77$4,902,393$3,387,700$3,025,547$4,555,955
78$5,330,693$3,481,953$3,055,158$4,857,796
79$5,800,419$3,578,565$3,083,502$5,185,956
80$6,315,727$3,677,579$3,110,464$5,543,004
81$6,881,191$3,779,041$3,135,925$5,931,769
82$7,501,852$3,882,994$3,159,758$6,355,366
83$8,183,263$3,989,482$3,181,831$6,817,226
84$8,931,538$4,098,549$3,202,005$7,321,126
85$9,753,415$4,210,238$3,220,133$7,871,226
86$10,656,315$4,324,592$3,236,059$8,472,108
87$11,648,416$4,441,653$3,249,623$9,128,817
88$12,738,722$4,561,463$3,260,654$9,846,912
89$13,937,159$4,684,061$3,268,973$10,632,515
90$15,254,657$4,809,488$3,274,391$11,492,370
91$16,703,261$4,937,782$3,276,713$12,433,905
92$18,296,241$5,068,980$3,275,729$13,465,304
93$20,048,215$5,203,118$3,271,224$14,595,582
94$21,975,293$5,340,231$3,262,970$15,834,671
95$24,095,220$5,480,350$3,250,727$17,193,513
96$26,427,551$5,623,505$3,234,245$18,684,164
97$28,993,831$5,769,726$3,213,261$20,319,905
98$31,817,797$5,919,038$3,187,501$22,115,369
99$34,925,605$6,071,464$3,156,675$24,086,680
100$38,346,075$6,227,024$3,120,482$26,251,603