Can I retire at age 71 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$227,092$225,070$223,096$221,170$219,289$217,816
2 years$112,422$110,328$108,299$106,332$104,423$102,937
3 years$74,204$72,101$70,077$68,128$66,250$64,798
4 years$55,098$53,002$50,998$49,082$47,250$45,843
5 years$43,638$41,554$39,576$37,700$35,919$34,560
6 years$36,000$33,932$31,984$30,149$28,421$27,113
7 years$30,547$28,496$26,579$24,787$23,114$21,857
8 years$26,458$24,426$22,541$20,793$19,175$17,969
9 years$23,280$21,268$19,414$17,711$16,149$14,993
10 years$20,740$18,746$16,926$15,267$13,759$12,654
11 years$18,662$16,689$14,901$13,287$11,834$10,778
12 years$16,932$14,979$13,224$11,655$10,255$9,248
13 years$15,469$13,537$11,815$10,289$8,942$7,983
14 years$14,216$12,304$10,616$9,134$7,839$6,925
15 years$13,132$11,240$9,585$8,146$6,902$6,034
16 years$12,184$10,313$8,690$7,293$6,100$5,276
17 years$11,348$9,498$7,908$6,553$5,409$4,627
18 years$10,606$8,776$7,219$5,906$4,809$4,068
19 years$9,943$8,134$6,608$5,336$4,286$3,586
20 years$9,346$7,558$6,065$4,833$3,829$3,166
21 years$8,808$7,040$5,578$4,386$3,426$2,801
22 years$8,319$6,572$5,141$3,988$3,071$2,481
23 years$7,873$6,146$4,747$3,632$2,757$2,201
24 years$7,465$5,759$4,390$3,313$2,478$1,954
25 years$7,090$5,404$4,066$3,025$2,230$1,737
26 years$6,744$5,079$3,771$2,766$2,008$1,545
27 years$6,425$4,780$3,502$2,532$1,811$1,376
28 years$6,129$4,504$3,256$2,320$1,634$1,226
29 years$5,854$4,249$3,030$2,127$1,475$1,093
30 years$5,598$4,013$2,822$1,952$1,333$975
31 years$5,359$3,794$2,631$1,793$1,205$870
32 years$5,135$3,590$2,455$1,648$1,090$777
33 years$4,925$3,399$2,292$1,515$987$694
34 years$4,728$3,222$2,141$1,394$893$620
35 years$4,542$3,056$2,002$1,284$809$554
36 years$4,368$2,900$1,873$1,182$733$496
37 years$4,203$2,755$1,753$1,089$664$443
38 years$4,047$2,618$1,642$1,004$602$396
39 years$3,899$2,489$1,538$926$546$355
40 years$3,760$2,369$1,442$854$495$317
41 years$3,627$2,255$1,352$788$449$284
42 years$3,501$2,147$1,268$727$408$254
43 years$3,381$2,046$1,190$671$370$227
44 years$3,267$1,950$1,117$620$336$204
45 years$3,159$1,860$1,049$572$305$182
46 years$3,055$1,774$985$529$277$163
47 years$2,956$1,693$925$488$251$146
48 years$2,862$1,616$870$451$228$131
49 years$2,771$1,543$817$417$207$117
50 years$2,685$1,474$768$385$188$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,750,000, adding $2,060 every year, while hoping to spend $55,517 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: 65/13/22 Blend
70$2,750,000$2,750,000$2,750,000$2,750,000
71$3,032,625$2,886,875$2,844,250$3,212,479
72$3,282,883$2,969,262$2,880,463$3,416,106
73$3,556,807$3,053,826$2,916,028$3,632,085
74$3,856,751$3,140,613$2,950,865$3,866,845
75$4,185,311$3,229,674$2,984,890$4,122,232
76$4,545,341$3,321,057$3,018,012$4,400,278
77$4,939,987$3,414,810$3,050,137$4,703,221
78$5,372,715$3,510,985$3,081,166$5,033,529
79$5,847,340$3,609,631$3,110,993$5,393,916
80$6,368,065$3,710,799$3,139,507$5,787,376
81$6,939,519$3,814,540$3,166,592$6,217,205
82$7,566,802$3,920,904$3,192,125$6,687,034
83$8,255,530$4,029,943$3,215,975$7,200,866
84$9,011,891$4,141,707$3,238,008$7,763,107
85$9,842,701$4,256,248$3,258,078$8,378,617
86$10,755,470$4,373,617$3,276,037$9,052,744
87$11,758,468$4,493,865$3,291,725$9,791,387
88$12,860,809$4,617,042$3,304,975$10,601,041
89$14,072,533$4,743,198$3,315,613$11,488,867
90$15,404,700$4,872,384$3,323,455$12,462,750
91$16,869,497$5,004,648$3,328,308$13,531,385
92$18,480,349$5,140,038$3,329,969$14,704,347
93$20,252,047$5,278,603$3,328,226$15,992,191
94$22,200,890$5,420,389$3,322,856$17,406,548
95$24,344,834$5,565,441$3,313,624$18,960,231
96$26,703,662$5,713,803$3,300,286$20,667,363
97$29,299,175$5,865,518$3,282,585$22,543,507
98$32,155,389$6,020,627$3,260,250$24,605,811
99$35,298,770$6,179,169$3,232,999$26,873,172
100$38,758,477$6,341,181$3,200,537$29,366,417