Can I retire at age 71 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$228,744$226,706$224,719$222,778$220,884$216,601
2 years$113,240$111,131$109,087$107,105$105,183$100,885
3 years$74,743$72,625$70,586$68,623$66,732$62,554
4 years$55,499$53,387$51,369$49,439$47,594$43,568
5 years$43,955$41,856$39,864$37,974$36,180$32,317
6 years$36,262$34,179$32,216$30,368$28,628$24,932
7 years$30,769$28,703$26,772$24,967$23,282$19,754
8 years$26,651$24,604$22,705$20,944$19,315$15,954
9 years$23,450$21,422$19,556$17,840$16,266$13,070
10 years$20,890$18,883$17,049$15,378$13,859$10,825
11 years$18,798$16,810$15,010$13,384$11,920$9,044
12 years$17,055$15,088$13,321$11,739$10,329$7,608
13 years$15,582$13,635$11,901$10,364$9,007$6,436
14 years$14,320$12,394$10,693$9,200$7,896$5,469
15 years$13,227$11,322$9,655$8,205$6,952$4,666
16 years$12,272$10,388$8,753$7,347$6,144$3,993
17 years$11,430$9,567$7,965$6,601$5,448$3,426
18 years$10,683$8,840$7,271$5,949$4,844$2,946
19 years$10,015$8,193$6,656$5,375$4,318$2,539
20 years$9,414$7,613$6,109$4,868$3,857$2,191
21 years$8,872$7,091$5,619$4,418$3,451$1,893
22 years$8,379$6,620$5,179$4,017$3,093$1,638
23 years$7,930$6,191$4,782$3,659$2,777$1,419
24 years$7,519$5,801$4,422$3,337$2,496$1,230
25 years$7,141$5,444$4,096$3,047$2,246$1,067
26 years$6,794$5,116$3,799$2,786$2,023$926
27 years$6,472$4,815$3,527$2,550$1,824$805
28 years$6,174$4,537$3,279$2,337$1,646$699
29 years$5,897$4,280$3,052$2,143$1,486$608
30 years$5,639$4,042$2,842$1,967$1,343$529
31 years$5,398$3,821$2,650$1,806$1,214$460
32 years$5,172$3,616$2,472$1,660$1,098$400
33 years$4,961$3,424$2,309$1,526$994$348
34 years$4,762$3,245$2,157$1,404$900$303
35 years$4,575$3,078$2,017$1,293$815$264
36 years$4,399$2,922$1,886$1,191$738$230
37 years$4,233$2,775$1,766$1,097$669$200
38 years$4,076$2,637$1,654$1,011$607$175
39 years$3,928$2,508$1,549$932$550$152
40 years$3,787$2,386$1,452$860$499$133
41 years$3,653$2,271$1,362$793$453$115
42 years$3,527$2,163$1,277$732$411$101
43 years$3,406$2,061$1,198$676$373$88
44 years$3,291$1,964$1,125$624$338$76
45 years$3,182$1,873$1,056$576$307$67
46 years$3,077$1,787$992$532$279$58
47 years$2,978$1,705$932$492$253$51
48 years$2,883$1,628$876$455$230$44
49 years$2,792$1,555$823$420$209$38
50 years$2,704$1,485$774$388$190$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,770,000, adding $3,383 every year, while hoping to spend $31,836 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: 59/22/19 Blend
70$2,770,000$2,770,000$2,770,000$2,770,000
71$3,056,030$2,909,220$2,866,285$3,220,927
72$3,333,871$3,017,898$2,928,432$3,441,748
73$3,638,986$3,130,835$2,991,594$3,678,676
74$3,974,122$3,248,205$3,055,772$3,936,349
75$4,342,306$3,370,191$3,120,964$4,216,776
76$4,746,874$3,496,983$3,187,169$4,522,170
77$5,191,500$3,628,780$3,254,384$4,854,965
78$5,680,232$3,765,789$3,322,605$5,217,840
79$6,217,529$3,908,226$3,391,825$5,613,743
80$6,808,305$4,056,317$3,462,039$6,045,921
81$7,457,972$4,210,297$3,533,238$6,517,944
82$8,172,495$4,370,412$3,605,412$7,033,745
83$8,958,445$4,536,917$3,678,548$7,597,653
84$9,823,060$4,710,080$3,752,633$8,214,435
85$10,774,318$4,890,179$3,827,652$8,889,339
86$11,821,008$5,077,507$3,903,588$9,628,141
87$12,972,812$5,272,367$3,980,420$10,437,206
88$14,240,402$5,475,076$4,058,127$11,323,539
89$15,635,533$5,685,965$4,136,684$12,294,856
90$17,171,160$5,905,380$4,216,066$13,359,654
91$18,861,556$6,133,681$4,296,242$14,527,291
92$20,722,450$6,371,246$4,377,180$15,808,074
93$22,771,170$6,618,467$4,458,846$17,213,354
94$25,026,813$6,875,756$4,541,201$18,755,635
95$27,510,420$7,143,541$4,624,204$20,448,689
96$30,245,179$7,422,269$4,707,810$22,307,684
97$33,256,636$7,712,410$4,791,971$24,349,332
98$36,572,945$8,014,450$4,876,634$26,592,039
99$40,225,128$8,328,901$4,961,744$29,056,082
100$44,247,368$8,656,294$5,047,240$31,763,797