Can I retire at age 71 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$232,047$229,980$227,964$225,995$224,073$222,755
2 years$114,875$112,735$110,662$108,652$106,702$105,371
3 years$75,822$73,674$71,606$69,614$67,696$66,395
4 years$56,300$54,158$52,111$50,153$48,281$47,020
5 years$44,590$42,461$40,440$38,522$36,703$35,484
6 years$36,785$34,672$32,681$30,807$29,042$27,868
7 years$31,213$29,118$27,158$25,328$23,619$22,490
8 years$27,036$24,959$23,033$21,247$19,594$18,511
9 years$23,788$21,732$19,838$18,098$16,501$15,463
10 years$21,192$19,155$17,295$15,600$14,060$13,067
11 years$19,069$17,053$15,226$13,577$12,092$11,143
12 years$17,301$15,306$13,513$11,909$10,478$9,573
13 years$15,807$13,832$12,073$10,514$9,137$8,274
14 years$14,527$12,573$10,848$9,333$8,010$7,188
15 years$13,418$11,485$9,794$8,323$7,052$6,270
16 years$12,449$10,538$8,880$7,453$6,233$5,490
17 years$11,595$9,705$8,080$6,696$5,527$4,821
18 years$10,837$8,968$7,376$6,035$4,914$4,246
19 years$10,159$8,311$6,752$5,453$4,380$3,747
20 years$9,550$7,723$6,197$4,938$3,912$3,314
21 years$9,000$7,194$5,700$4,482$3,501$2,935
22 years$8,500$6,715$5,254$4,075$3,138$2,604
23 years$8,045$6,281$4,851$3,711$2,817$2,313
24 years$7,628$5,884$4,486$3,385$2,532$2,057
25 years$7,245$5,522$4,155$3,091$2,278$1,832
26 years$6,892$5,190$3,854$2,827$2,052$1,632
27 years$6,565$4,884$3,578$2,587$1,850$1,456
28 years$6,263$4,603$3,327$2,370$1,670$1,299
29 years$5,982$4,342$3,096$2,174$1,508$1,160
30 years$5,720$4,101$2,883$1,995$1,362$1,036
31 years$5,475$3,876$2,688$1,832$1,232$927
32 years$5,247$3,668$2,508$1,684$1,114$829
33 years$5,032$3,474$2,342$1,548$1,008$741
34 years$4,831$3,292$2,188$1,425$913$663
35 years$4,641$3,123$2,046$1,312$827$594
36 years$4,463$2,964$1,914$1,208$749$532
37 years$4,294$2,815$1,791$1,113$679$476
38 years$4,135$2,675$1,677$1,026$616$427
39 years$3,985$2,544$1,572$946$558$383
40 years$3,842$2,420$1,473$872$506$343
41 years$3,706$2,304$1,381$805$459$307
42 years$3,578$2,194$1,296$743$417$276
43 years$3,455$2,090$1,216$686$378$247
44 years$3,339$1,993$1,141$633$343$222
45 years$3,228$1,900$1,072$585$312$199
46 years$3,122$1,813$1,006$540$283$178
47 years$3,021$1,730$946$499$257$160
48 years$2,924$1,651$889$461$233$143
49 years$2,832$1,577$835$426$212$129
50 years$2,744$1,506$785$394$193$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,810,000, adding $3,094 every year, while hoping to spend $35,615 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: 34/41/25 Blend
70$2,810,000$2,810,000$2,810,000$2,810,000
71$3,099,811$2,950,881$2,907,326$3,181,561
72$3,378,098$3,057,581$2,966,828$3,349,688
73$3,683,576$3,168,314$3,027,129$3,527,425
74$4,018,982$3,283,243$3,088,219$3,718,387
75$4,387,329$3,402,532$3,150,085$3,923,769
76$4,791,938$3,526,357$3,212,714$4,144,888
77$5,236,465$3,654,899$3,276,089$4,383,188
78$5,724,940$3,788,344$3,340,194$4,640,254
79$6,261,802$3,926,891$3,405,008$4,917,830
80$6,851,940$4,070,743$3,470,511$5,217,831
81$7,500,743$4,220,115$3,536,678$5,542,360
82$8,214,146$4,375,227$3,603,483$5,893,731
83$8,998,688$4,536,313$3,670,899$6,274,486
84$9,861,575$4,703,613$3,738,895$6,687,420
85$10,810,744$4,877,378$3,807,436$7,135,608
86$11,854,942$5,057,872$3,876,487$7,622,431
87$13,003,805$5,245,367$3,946,009$8,151,606
88$14,267,952$5,440,148$4,015,959$8,727,223
89$15,659,081$5,642,514$4,086,292$9,353,783
90$17,190,083$5,852,772$4,156,958$10,036,235
91$18,875,161$6,071,248$4,227,906$10,780,027
92$20,729,966$6,298,277$4,299,079$11,591,153
93$22,771,740$6,534,211$4,370,416$12,476,210
94$25,019,487$6,779,416$4,441,854$13,442,458
95$27,494,142$7,034,274$4,513,323$14,497,889
96$30,218,775$7,299,185$4,584,751$15,651,299
97$33,218,809$7,574,564$4,656,058$16,912,372
98$36,522,254$7,860,844$4,727,163$18,291,768
99$40,159,977$8,158,478$4,797,976$19,801,225
100$44,165,990$8,467,939$4,868,403$21,453,665