Can I retire at age 71 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$227,918$225,888$223,907$221,974$220,086$213,899
2 years$112,831$110,729$108,693$106,718$104,803$98,616
3 years$74,473$72,363$70,331$68,375$66,491$60,499
4 years$55,298$53,194$51,183$49,261$47,422$41,671
5 years$43,796$41,705$39,720$37,837$36,050$30,555
6 years$36,131$34,055$32,100$30,258$28,525$23,291
7 years$30,658$28,600$26,675$24,877$23,198$18,226
8 years$26,555$24,515$22,623$20,869$19,245$14,532
9 years$23,365$21,345$19,485$17,776$16,207$11,748
10 years$20,815$18,814$16,987$15,323$13,809$9,599
11 years$18,730$16,749$14,955$13,335$11,877$7,908
12 years$16,993$15,033$13,273$11,697$10,292$6,557
13 years$15,525$13,586$11,858$10,327$8,975$5,466
14 years$14,268$12,349$10,655$9,167$7,867$4,576
15 years$13,179$11,281$9,620$8,175$6,927$3,844
16 years$12,228$10,350$8,722$7,320$6,122$3,238
17 years$11,389$9,532$7,936$6,577$5,428$2,735
18 years$10,644$8,808$7,245$5,927$4,827$2,314
19 years$9,979$8,163$6,632$5,356$4,302$1,961
20 years$9,380$7,586$6,087$4,851$3,843$1,665
21 years$8,840$7,066$5,599$4,402$3,439$1,415
22 years$8,349$6,596$5,160$4,003$3,082$1,203
23 years$7,901$6,169$4,764$3,645$2,767$1,024
24 years$7,492$5,780$4,406$3,325$2,487$873
25 years$7,116$5,424$4,081$3,036$2,238$744
26 years$6,769$5,098$3,785$2,776$2,016$635
27 years$6,449$4,798$3,515$2,541$1,817$541
28 years$6,151$4,521$3,267$2,328$1,640$462
29 years$5,875$4,265$3,041$2,135$1,481$395
30 years$5,618$4,028$2,832$1,959$1,338$337
31 years$5,378$3,807$2,640$1,800$1,210$288
32 years$5,153$3,603$2,464$1,654$1,094$246
33 years$4,943$3,412$2,300$1,521$990$210
34 years$4,745$3,234$2,149$1,399$897$180
35 years$4,559$3,067$2,009$1,288$812$154
36 years$4,384$2,911$1,880$1,186$736$131
37 years$4,218$2,765$1,759$1,093$667$112
38 years$4,062$2,628$1,648$1,008$605$96
39 years$3,914$2,499$1,544$929$548$82
40 years$3,773$2,377$1,447$857$497$70
41 years$3,640$2,263$1,357$791$451$60
42 years$3,514$2,155$1,273$730$409$51
43 years$3,394$2,053$1,194$673$372$44
44 years$3,279$1,957$1,121$622$337$38
45 years$3,170$1,866$1,052$574$306$32
46 years$3,066$1,780$989$530$278$27
47 years$2,967$1,699$929$490$252$24
48 years$2,872$1,622$873$453$229$20
49 years$2,782$1,549$820$419$208$17
50 years$2,695$1,480$771$387$189$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,760,000, adding $3,589 every year, while hoping to spend $56,127 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: 31/43/26 Blend
70$2,760,000$2,760,000$2,760,000$2,760,000
71$3,045,222$2,898,942$2,856,162$3,115,187
72$3,296,116$2,981,272$2,892,125$3,251,591
73$3,570,720$3,065,754$2,927,411$3,393,106
74$3,871,393$3,152,436$2,961,939$3,544,319
75$4,200,734$3,241,363$2,995,622$3,706,114
76$4,561,602$3,332,584$3,028,369$3,879,467
77$4,957,150$3,426,145$3,060,084$4,065,449
78$5,390,846$3,522,093$3,090,664$4,265,240
79$5,866,514$3,620,477$3,120,003$4,480,139
80$6,388,363$3,721,345$3,147,987$4,711,574
81$6,961,029$3,824,744$3,174,498$4,961,121
82$7,589,621$3,930,723$3,199,411$5,230,511
83$8,279,764$4,039,330$3,222,592$5,521,654
84$9,037,655$4,150,613$3,243,905$5,836,650
85$9,870,122$4,264,619$3,263,202$6,177,815
86$10,784,685$4,381,396$3,280,330$6,547,698
87$11,789,630$4,500,991$3,295,128$6,949,108
88$12,894,084$4,623,452$3,307,426$7,385,138
89$14,108,102$4,748,822$3,317,047$7,859,197
90$15,442,763$4,877,149$3,323,802$8,375,039
91$16,910,272$5,008,477$3,327,497$8,936,802
92$18,524,076$5,142,848$3,327,924$9,549,044
93$20,298,990$5,280,306$3,324,867$10,216,787
94$22,251,337$5,420,891$3,318,101$10,945,564
95$24,399,102$5,564,643$3,307,385$11,741,475
96$26,762,100$5,711,600$3,292,472$12,611,239
97$29,362,163$5,861,798$3,273,100$13,562,260
98$32,223,349$6,015,271$3,248,993$14,602,698
99$35,372,162$6,172,051$3,219,866$15,741,546
100$38,837,808$6,332,167$3,185,417$16,988,714