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%16.2%
1 years$229,570$227,525$225,530$223,583$221,681$216,059
2 years$113,648$111,532$109,481$107,492$105,562$99,935
3 years$75,013$72,887$70,841$68,871$66,973$61,516
4 years$55,699$53,580$51,554$49,618$47,766$42,521
5 years$44,114$42,007$40,008$38,111$36,311$31,293
6 years$36,393$34,302$32,333$30,478$28,732$23,946
7 years$30,880$28,807$26,869$25,057$23,366$18,813
8 years$26,747$24,693$22,787$21,020$19,385$15,062
9 years$23,534$21,500$19,626$17,904$16,325$12,228
10 years$20,966$18,951$17,110$15,434$13,909$10,035
11 years$18,866$16,871$15,064$13,432$11,963$8,304
12 years$17,117$15,142$13,369$11,782$10,367$6,917
13 years$15,638$13,684$11,944$10,401$9,040$5,793
14 years$14,372$12,439$10,732$9,233$7,924$4,873
15 years$13,275$11,363$9,689$8,234$6,977$4,114
16 years$12,316$10,425$8,785$7,373$6,166$3,483
17 years$11,472$9,601$7,994$6,625$5,468$2,957
18 years$10,721$8,872$7,297$5,970$4,862$2,515
19 years$10,051$8,222$6,680$5,395$4,333$2,143
20 years$9,448$7,641$6,131$4,886$3,870$1,828
21 years$8,904$7,117$5,639$4,434$3,464$1,562
22 years$8,409$6,643$5,197$4,032$3,105$1,336
23 years$7,959$6,213$4,799$3,672$2,787$1,144
24 years$7,546$5,822$4,438$3,349$2,505$980
25 years$7,167$5,463$4,111$3,058$2,254$840
26 years$6,818$5,135$3,812$2,796$2,030$720
27 years$6,495$4,832$3,540$2,560$1,831$618
28 years$6,196$4,553$3,291$2,345$1,652$531
29 years$5,918$4,296$3,063$2,151$1,491$456
30 years$5,659$4,057$2,853$1,974$1,348$392
31 years$5,417$3,835$2,659$1,813$1,218$336
32 years$5,191$3,629$2,481$1,666$1,102$289
33 years$4,979$3,436$2,317$1,532$997$249
34 years$4,779$3,257$2,165$1,409$903$214
35 years$4,592$3,089$2,024$1,298$818$184
36 years$4,415$2,932$1,893$1,195$741$158
37 years$4,249$2,785$1,772$1,101$672$136
38 years$4,091$2,647$1,659$1,015$609$117
39 years$3,942$2,517$1,555$936$552$101
40 years$3,801$2,394$1,457$863$501$86
41 years$3,667$2,279$1,366$796$454$74
42 years$3,539$2,171$1,282$735$412$64
43 years$3,418$2,068$1,203$678$374$55
44 years$3,303$1,971$1,129$626$340$47
45 years$3,193$1,880$1,060$578$308$41
46 years$3,088$1,793$996$534$280$35
47 years$2,989$1,711$935$494$254$30
48 years$2,893$1,634$879$456$231$26
49 years$2,802$1,560$826$422$210$22
50 years$2,714$1,490$777$390$190$19

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 $5,529 every year, while hoping to spend $53,951 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: 71/7/22 Blend
70$2,780,000$2,780,000$2,780,000$2,780,000
71$3,069,263$2,921,923$2,878,833$3,270,095
72$3,324,925$3,007,694$2,917,871$3,490,556
73$3,604,855$3,095,859$2,956,408$3,724,966
74$3,911,474$3,186,480$2,994,370$3,980,311
75$4,247,443$3,279,616$3,031,681$4,258,663
76$4,615,697$3,375,332$3,068,257$4,562,302
77$5,019,466$3,473,691$3,104,012$4,893,741
78$5,462,308$3,574,758$3,138,852$5,255,748
79$5,948,141$3,678,600$3,172,682$5,651,372
80$6,481,283$3,785,283$3,205,398$6,083,973
81$7,066,488$3,894,875$3,236,893$6,557,250
82$7,708,994$4,007,448$3,267,053$7,075,282
83$8,414,569$4,123,071$3,295,757$7,642,560
84$9,189,570$4,241,816$3,322,879$8,264,034
85$10,040,997$4,363,756$3,348,287$8,945,157
86$10,976,563$4,488,965$3,371,840$9,691,937
87$12,004,767$4,617,518$3,393,390$10,510,996
88$13,134,967$4,749,491$3,412,783$11,409,627
89$14,377,478$4,884,960$3,429,855$12,395,869
90$15,743,662$5,024,004$3,444,436$13,478,578
91$17,246,036$5,166,701$3,456,346$14,667,515
92$18,898,393$5,313,131$3,465,394$15,973,433
93$20,715,927$5,463,373$3,471,384$17,408,183
94$22,715,383$5,617,509$3,474,106$18,984,822
95$24,915,205$5,775,620$3,473,342$20,717,741
96$27,335,719$5,937,788$3,468,862$22,622,796
97$29,999,319$6,104,097$3,460,425$24,717,461
98$32,930,680$6,274,628$3,447,780$27,020,990
99$36,156,990$6,449,465$3,430,661$29,554,602
100$39,708,206$6,628,692$3,408,792$32,341,681