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%15.6%
1 years$228,744$226,706$224,719$222,778$220,884$215,807
2 years$113,240$111,131$109,087$107,105$105,183$100,096
3 years$74,743$72,625$70,586$68,623$66,732$61,794
4 years$55,499$53,387$51,369$49,439$47,594$42,843
5 years$43,955$41,856$39,864$37,974$36,180$31,630
6 years$36,262$34,179$32,216$30,368$28,628$24,283
7 years$30,769$28,703$26,772$24,967$23,282$19,142
8 years$26,651$24,604$22,705$20,944$19,315$15,379
9 years$23,450$21,422$19,556$17,840$16,266$12,531
10 years$20,890$18,883$17,049$15,378$13,859$10,322
11 years$18,798$16,810$15,010$13,384$11,920$8,574
12 years$17,055$15,088$13,321$11,739$10,329$7,171
13 years$15,582$13,635$11,901$10,364$9,007$6,030
14 years$14,320$12,394$10,693$9,200$7,896$5,093
15 years$13,227$11,322$9,655$8,205$6,952$4,317
16 years$12,272$10,388$8,753$7,347$6,144$3,671
17 years$11,430$9,567$7,965$6,601$5,448$3,130
18 years$10,683$8,840$7,271$5,949$4,844$2,674
19 years$10,015$8,193$6,656$5,375$4,318$2,289
20 years$9,414$7,613$6,109$4,868$3,857$1,962
21 years$8,872$7,091$5,619$4,418$3,451$1,684
22 years$8,379$6,620$5,179$4,017$3,093$1,447
23 years$7,930$6,191$4,782$3,659$2,777$1,244
24 years$7,519$5,801$4,422$3,337$2,496$1,071
25 years$7,141$5,444$4,096$3,047$2,246$923
26 years$6,794$5,116$3,799$2,786$2,023$795
27 years$6,472$4,815$3,527$2,550$1,824$686
28 years$6,174$4,537$3,279$2,337$1,646$591
29 years$5,897$4,280$3,052$2,143$1,486$510
30 years$5,639$4,042$2,842$1,967$1,343$441
31 years$5,398$3,821$2,650$1,806$1,214$381
32 years$5,172$3,616$2,472$1,660$1,098$329
33 years$4,961$3,424$2,309$1,526$994$284
34 years$4,762$3,245$2,157$1,404$900$245
35 years$4,575$3,078$2,017$1,293$815$212
36 years$4,399$2,922$1,886$1,191$738$183
37 years$4,233$2,775$1,766$1,097$669$158
38 years$4,076$2,637$1,654$1,011$607$137
39 years$3,928$2,508$1,549$932$550$118
40 years$3,787$2,386$1,452$860$499$102
41 years$3,653$2,271$1,362$793$453$89
42 years$3,527$2,163$1,277$732$411$77
43 years$3,406$2,061$1,198$676$373$66
44 years$3,291$1,964$1,125$624$338$57
45 years$3,182$1,873$1,056$576$307$50
46 years$3,077$1,787$992$532$279$43
47 years$2,978$1,705$932$492$253$37
48 years$2,883$1,628$876$455$230$32
49 years$2,792$1,555$823$420$209$28
50 years$2,704$1,485$774$388$190$24

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 $4,347 every year, while hoping to spend $23,069 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: 42/48/10 Blend
70$2,770,000$2,770,000$2,770,000$2,770,000
71$3,057,024$2,910,214$2,867,279$3,176,285
72$3,344,295$3,028,269$2,938,788$3,378,102
73$3,660,095$3,151,336$3,011,919$3,593,846
74$4,007,309$3,279,635$3,086,702$3,826,936
75$4,389,115$3,413,399$3,163,168$4,078,964
76$4,809,018$3,552,868$3,241,347$4,351,676
77$5,270,875$3,698,297$3,321,269$4,646,989
78$5,778,939$3,849,948$3,402,967$4,967,008
79$6,337,895$4,008,099$3,486,469$5,314,041
80$6,952,903$4,173,038$3,571,809$5,690,629
81$7,629,650$4,345,069$3,659,016$6,099,558
82$8,374,405$4,524,507$3,748,123$6,543,891
83$9,194,069$4,711,683$3,839,160$7,026,994
84$10,096,252$4,906,943$3,932,160$7,552,565
85$11,089,336$5,110,650$4,027,154$8,124,670
86$12,182,557$5,323,180$4,124,172$8,747,777
87$13,386,093$5,544,932$4,223,247$9,426,801
88$14,711,159$5,776,318$4,324,410$10,167,143
89$16,170,112$6,017,771$4,427,692$10,974,744
90$17,776,567$6,269,747$4,533,124$11,856,138
91$19,545,530$6,532,717$4,640,737$12,818,512
92$21,493,534$6,807,180$4,750,561$13,869,770
93$23,638,796$7,093,653$4,862,627$15,018,611
94$26,001,392$7,392,681$4,976,963$16,274,601
95$28,603,443$7,704,831$5,093,601$17,648,270
96$31,469,325$8,030,699$5,212,568$19,151,201
97$34,625,900$8,370,907$5,333,892$20,796,144
98$38,102,766$8,726,106$5,457,602$22,597,129
99$41,932,541$9,096,979$5,583,725$24,569,599
100$46,151,167$9,484,237$5,712,286$26,730,552