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

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$227,918$225,888$223,907$221,974$220,086$216,085
2 years$112,831$110,729$108,693$106,718$104,803$100,786
3 years$74,473$72,363$70,331$68,375$66,491$62,584
4 years$55,298$53,194$51,183$49,261$47,422$43,654
5 years$43,796$41,705$39,720$37,837$36,050$32,432
6 years$36,131$34,055$32,100$30,258$28,525$25,062
7 years$30,658$28,600$26,675$24,877$23,198$19,890
8 years$26,555$24,515$22,623$20,869$19,245$16,092
9 years$23,365$21,345$19,485$17,776$16,207$13,207
10 years$20,815$18,814$16,987$15,323$13,809$10,959
11 years$18,730$16,749$14,955$13,335$11,877$9,173
12 years$16,993$15,033$13,273$11,697$10,292$7,731
13 years$15,525$13,586$11,858$10,327$8,975$6,553
14 years$14,268$12,349$10,655$9,167$7,867$5,580
15 years$13,179$11,281$9,620$8,175$6,927$4,770
16 years$12,228$10,350$8,722$7,320$6,122$4,091
17 years$11,389$9,532$7,936$6,577$5,428$3,518
18 years$10,644$8,808$7,245$5,927$4,827$3,032
19 years$9,979$8,163$6,632$5,356$4,302$2,618
20 years$9,380$7,586$6,087$4,851$3,843$2,265
21 years$8,840$7,066$5,599$4,402$3,439$1,962
22 years$8,349$6,596$5,160$4,003$3,082$1,701
23 years$7,901$6,169$4,764$3,645$2,767$1,477
24 years$7,492$5,780$4,406$3,325$2,487$1,283
25 years$7,116$5,424$4,081$3,036$2,238$1,116
26 years$6,769$5,098$3,785$2,776$2,016$971
27 years$6,449$4,798$3,515$2,541$1,817$846
28 years$6,151$4,521$3,267$2,328$1,640$737
29 years$5,875$4,265$3,041$2,135$1,481$642
30 years$5,618$4,028$2,832$1,959$1,338$560
31 years$5,378$3,807$2,640$1,800$1,210$488
32 years$5,153$3,603$2,464$1,654$1,094$426
33 years$4,943$3,412$2,300$1,521$990$372
34 years$4,745$3,234$2,149$1,399$897$324
35 years$4,559$3,067$2,009$1,288$812$283
36 years$4,384$2,911$1,880$1,186$736$247
37 years$4,218$2,765$1,759$1,093$667$216
38 years$4,062$2,628$1,648$1,008$605$189
39 years$3,914$2,499$1,544$929$548$165
40 years$3,773$2,377$1,447$857$497$144
41 years$3,640$2,263$1,357$791$451$126
42 years$3,514$2,155$1,273$730$409$110
43 years$3,394$2,053$1,194$673$372$96
44 years$3,279$1,957$1,121$622$337$84
45 years$3,170$1,866$1,052$574$306$73
46 years$3,066$1,780$989$530$278$64
47 years$2,967$1,699$929$490$252$56
48 years$2,872$1,622$873$453$229$49
49 years$2,782$1,549$820$419$208$43
50 years$2,695$1,480$771$387$189$37

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 $5,429 every year, while hoping to spend $50,545 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: 34/40/26 Blend
70$2,760,000$2,760,000$2,760,000$2,760,000
71$3,047,120$2,900,840$2,858,060$3,126,524
72$3,304,147$2,989,202$2,900,026$3,274,920
73$3,585,696$3,080,199$2,941,703$3,429,899
74$3,894,216$3,173,908$2,983,029$3,596,031
75$4,232,403$3,270,406$3,023,937$3,774,339
76$4,603,225$3,369,773$3,064,356$3,965,951
77$5,009,954$3,472,092$3,104,212$4,172,108
78$5,456,190$3,577,445$3,143,424$4,394,171
79$5,945,903$3,685,921$3,181,910$4,633,643
80$6,483,461$3,797,607$3,219,580$4,892,174
81$7,073,679$3,912,595$3,256,340$5,171,580
82$7,721,859$4,030,977$3,292,093$5,473,862
83$8,433,844$4,152,850$3,326,734$5,801,220
84$9,216,069$4,278,313$3,360,152$6,156,078
85$10,075,623$4,407,465$3,392,232$6,541,103
86$11,020,315$4,540,410$3,422,851$6,959,231
87$12,058,752$4,677,254$3,451,880$7,413,698
88$13,200,411$4,818,106$3,479,185$7,908,063
89$14,455,738$4,963,078$3,504,622$8,446,250
90$15,836,237$5,112,283$3,528,041$9,032,575
91$17,354,586$5,265,838$3,549,284$9,671,797
92$19,024,754$5,423,864$3,568,185$10,369,154
93$20,862,129$5,586,483$3,584,568$11,130,417
94$22,883,666$5,753,821$3,598,252$11,961,944
95$25,108,049$5,926,007$3,609,042$12,870,735
96$27,555,862$6,103,173$3,616,737$13,864,506
97$30,249,785$6,285,454$3,621,123$14,951,754
98$33,214,811$6,472,989$3,621,978$16,141,840
99$36,478,474$6,665,918$3,619,067$17,445,080
100$40,071,118$6,864,387$3,612,145$18,872,836