Can I retire at age 71 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$230,396$228,343$226,341$224,387$222,479$215,789
2 years$114,057$111,933$109,874$107,878$105,942$99,259
3 years$75,283$73,149$71,096$69,119$67,214$60,747
4 years$55,899$53,773$51,740$49,796$47,938$41,736
5 years$44,272$42,158$40,152$38,248$36,441$30,522
6 years$36,524$34,425$32,449$30,587$28,835$23,203
7 years$30,991$28,910$26,965$25,148$23,450$18,105
8 years$26,843$24,782$22,869$21,096$19,454$14,393
9 years$23,619$21,577$19,697$17,969$16,383$11,601
10 years$21,041$19,019$17,172$15,489$13,960$9,449
11 years$18,933$16,931$15,118$13,480$12,006$7,759
12 years$17,178$15,197$13,417$11,824$10,404$6,413
13 years$15,694$13,733$11,987$10,439$9,072$5,327
14 years$14,423$12,483$10,770$9,266$7,953$4,444
15 years$13,323$11,404$9,724$8,264$7,002$3,720
16 years$12,361$10,463$8,816$7,400$6,189$3,123
17 years$11,513$9,636$8,023$6,648$5,487$2,628
18 years$10,760$8,904$7,324$5,992$4,879$2,215
19 years$10,087$8,252$6,704$5,414$4,349$1,871
20 years$9,482$7,668$6,153$4,903$3,884$1,582
21 years$8,936$7,143$5,660$4,450$3,476$1,339
22 years$8,440$6,667$5,216$4,046$3,116$1,135
23 years$7,987$6,236$4,816$3,685$2,797$962
24 years$7,573$5,843$4,454$3,361$2,514$816
25 years$7,193$5,483$4,125$3,069$2,262$693
26 years$6,843$5,153$3,826$2,806$2,038$589
27 years$6,519$4,850$3,553$2,569$1,837$500
28 years$6,218$4,570$3,303$2,354$1,658$425
29 years$5,939$4,311$3,074$2,158$1,497$362
30 years$5,679$4,071$2,863$1,981$1,353$308
31 years$5,436$3,849$2,669$1,819$1,223$262
32 years$5,209$3,642$2,490$1,672$1,106$223
33 years$4,996$3,449$2,325$1,537$1,001$190
34 years$4,797$3,269$2,173$1,415$906$161
35 years$4,608$3,100$2,031$1,302$821$137
36 years$4,431$2,943$1,900$1,199$744$117
37 years$4,264$2,795$1,778$1,105$674$100
38 years$4,106$2,656$1,665$1,018$611$85
39 years$3,956$2,526$1,560$939$554$72
40 years$3,814$2,403$1,463$866$503$61
41 years$3,680$2,287$1,371$799$456$52
42 years$3,552$2,178$1,286$738$414$45
43 years$3,431$2,076$1,207$681$376$38
44 years$3,315$1,978$1,133$629$341$32
45 years$3,205$1,887$1,064$581$309$28
46 years$3,100$1,800$999$536$281$23
47 years$2,999$1,718$939$495$255$20
48 years$2,903$1,640$882$458$232$17
49 years$2,812$1,566$829$423$210$14
50 years$2,724$1,496$780$391$191$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,790,000, adding $3,822 every year, while hoping to spend $42,515 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: 45/34/21 Blend
70$2,790,000$2,790,000$2,790,000$2,790,000
71$3,078,522$2,930,652$2,887,407$3,198,280
72$3,347,296$3,029,019$2,938,900$3,381,246
73$3,642,060$3,130,780$2,990,693$3,575,054
74$3,965,419$3,236,058$3,042,750$3,784,357
75$4,320,246$3,344,978$3,095,036$4,010,616
76$4,709,700$3,457,672$3,147,509$4,255,437
77$5,137,266$3,574,274$3,200,127$4,520,587
78$5,606,780$3,694,926$3,252,844$4,808,008
79$6,122,468$3,819,774$3,305,611$5,119,837
80$6,688,986$3,948,969$3,358,375$5,458,427
81$7,311,462$4,082,668$3,411,080$5,826,364
82$7,995,547$4,221,035$3,463,667$6,226,496
83$8,747,466$4,364,238$3,516,073$6,661,956
84$9,574,076$4,512,455$3,568,230$7,136,195
85$10,482,933$4,665,866$3,620,067$7,653,007
86$11,482,361$4,824,662$3,671,508$8,216,572
87$12,581,530$4,989,040$3,722,472$8,831,492
88$13,790,547$5,159,203$3,772,875$9,502,830
89$15,120,542$5,335,363$3,822,626$10,236,165
90$16,583,783$5,517,742$3,871,630$11,037,636
91$18,193,784$5,706,566$3,919,784$11,914,007
92$19,965,436$5,902,075$3,966,984$12,872,722
93$21,915,148$6,104,513$4,013,115$13,921,982
94$24,060,997$6,314,138$4,058,058$15,070,818
95$26,422,903$6,531,216$4,101,688$16,329,176
96$29,022,816$6,756,022$4,143,871$17,708,010
97$31,884,921$6,988,845$4,184,468$19,219,386
98$35,035,866$7,229,982$4,223,331$20,876,593
99$38,505,017$7,479,743$4,260,305$22,694,271
100$42,324,728$7,738,450$4,295,225$24,688,545