Can I retire at age 71 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$229,570$227,525$225,530$223,583$221,681$220,008
2 years$113,648$111,532$109,481$107,492$105,562$103,875
3 years$75,013$72,887$70,841$68,871$66,973$65,324
4 years$55,699$53,580$51,554$49,618$47,766$46,168
5 years$44,114$42,007$40,008$38,111$36,311$34,769
6 years$36,393$34,302$32,333$30,478$28,732$27,248
7 years$30,880$28,807$26,869$25,057$23,366$21,941
8 years$26,747$24,693$22,787$21,020$19,385$18,018
9 years$23,534$21,500$19,626$17,904$16,325$15,016
10 years$20,966$18,951$17,110$15,434$13,909$12,659
11 years$18,866$16,871$15,064$13,432$11,963$10,768
12 years$17,117$15,142$13,369$11,782$10,367$9,228
13 years$15,638$13,684$11,944$10,401$9,040$7,955
14 years$14,372$12,439$10,732$9,233$7,924$6,893
15 years$13,275$11,363$9,689$8,234$6,977$5,997
16 years$12,316$10,425$8,785$7,373$6,166$5,237
17 years$11,472$9,601$7,994$6,625$5,468$4,586
18 years$10,721$8,872$7,297$5,970$4,862$4,027
19 years$10,051$8,222$6,680$5,395$4,333$3,544
20 years$9,448$7,641$6,131$4,886$3,870$3,125
21 years$8,904$7,117$5,639$4,434$3,464$2,760
22 years$8,409$6,643$5,197$4,032$3,105$2,441
23 years$7,959$6,213$4,799$3,672$2,787$2,162
24 years$7,546$5,822$4,438$3,349$2,505$1,917
25 years$7,167$5,463$4,111$3,058$2,254$1,702
26 years$6,818$5,135$3,812$2,796$2,030$1,512
27 years$6,495$4,832$3,540$2,560$1,831$1,344
28 years$6,196$4,553$3,291$2,345$1,652$1,195
29 years$5,918$4,296$3,063$2,151$1,491$1,064
30 years$5,659$4,057$2,853$1,974$1,348$948
31 years$5,417$3,835$2,659$1,813$1,218$844
32 years$5,191$3,629$2,481$1,666$1,102$753
33 years$4,979$3,436$2,317$1,532$997$671
34 years$4,779$3,257$2,165$1,409$903$599
35 years$4,592$3,089$2,024$1,298$818$534
36 years$4,415$2,932$1,893$1,195$741$477
37 years$4,249$2,785$1,772$1,101$672$426
38 years$4,091$2,647$1,659$1,015$609$380
39 years$3,942$2,517$1,555$936$552$339
40 years$3,801$2,394$1,457$863$501$303
41 years$3,667$2,279$1,366$796$454$271
42 years$3,539$2,171$1,282$735$412$242
43 years$3,418$2,068$1,203$678$374$216
44 years$3,303$1,971$1,129$626$340$193
45 years$3,193$1,880$1,060$578$308$173
46 years$3,088$1,793$996$534$280$154
47 years$2,989$1,711$935$494$254$138
48 years$2,893$1,634$879$456$231$123
49 years$2,802$1,560$826$422$210$110
50 years$2,714$1,490$777$390$190$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,780,000, adding $6,737 every year, while hoping to spend $51,931 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: 81/7/12 Blend
70$2,780,000$2,780,000$2,780,000$2,780,000
71$3,070,509$2,923,169$2,880,079$3,312,008
72$3,328,447$3,011,150$2,921,308$3,559,424
73$3,610,954$3,101,702$2,962,177$3,823,470
74$3,920,481$3,194,895$3,002,620$4,111,781
75$4,259,728$3,290,803$3,042,566$4,426,763
76$4,631,668$3,389,501$3,081,939$4,771,067
77$5,039,576$3,491,064$3,120,662$5,147,611
78$5,487,058$3,595,571$3,158,649$5,559,611
79$5,978,086$3,703,102$3,195,812$6,010,606
80$6,517,037$3,813,740$3,232,058$6,504,499
81$7,108,730$3,927,569$3,267,287$7,045,584
82$7,758,475$4,044,674$3,301,396$7,638,596
83$8,472,121$4,165,144$3,334,274$8,288,748
84$9,256,110$4,289,069$3,365,805$9,001,783
85$10,117,541$4,416,542$3,395,867$9,784,030
86$11,064,233$4,547,655$3,424,332$10,642,458
87$12,104,801$4,682,506$3,451,063$11,584,749
88$13,248,735$4,821,193$3,475,918$12,619,364
89$14,506,492$4,963,818$3,498,747$13,755,624
90$15,889,591$5,110,481$3,519,392$15,003,802
91$17,410,724$5,261,290$3,537,686$16,375,213
92$19,083,876$5,416,351$3,553,456$17,882,326
93$20,924,452$5,575,773$3,566,518$19,538,879
94$22,949,429$5,739,669$3,576,680$21,360,010
95$25,177,511$5,908,152$3,583,738$23,362,397
96$27,629,304$6,081,339$3,587,480$25,564,418
97$30,327,517$6,259,348$3,587,685$27,986,323
98$33,297,168$6,442,301$3,584,116$30,650,425
99$36,565,825$6,630,319$3,576,530$33,581,310
100$40,163,864$6,823,530$3,564,669$36,806,070