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%17.5%
1 years$232,047$229,980$227,964$225,995$224,073$217,249
2 years$114,875$112,735$110,662$108,652$106,702$99,884
3 years$75,822$73,674$71,606$69,614$67,696$61,100
4 years$56,300$54,158$52,111$50,153$48,281$41,957
5 years$44,590$42,461$40,440$38,522$36,703$30,668
6 years$36,785$34,672$32,681$30,807$29,042$23,301
7 years$31,213$29,118$27,158$25,328$23,619$18,172
8 years$27,036$24,959$23,033$21,247$19,594$14,438
9 years$23,788$21,732$19,838$18,098$16,501$11,630
10 years$21,192$19,155$17,295$15,600$14,060$9,466
11 years$19,069$17,053$15,226$13,577$12,092$7,768
12 years$17,301$15,306$13,513$11,909$10,478$6,416
13 years$15,807$13,832$12,073$10,514$9,137$5,327
14 years$14,527$12,573$10,848$9,333$8,010$4,441
15 years$13,418$11,485$9,794$8,323$7,052$3,715
16 years$12,449$10,538$8,880$7,453$6,233$3,116
17 years$11,595$9,705$8,080$6,696$5,527$2,620
18 years$10,837$8,968$7,376$6,035$4,914$2,207
19 years$10,159$8,311$6,752$5,453$4,380$1,862
20 years$9,550$7,723$6,197$4,938$3,912$1,573
21 years$9,000$7,194$5,700$4,482$3,501$1,331
22 years$8,500$6,715$5,254$4,075$3,138$1,127
23 years$8,045$6,281$4,851$3,711$2,817$955
24 years$7,628$5,884$4,486$3,385$2,532$810
25 years$7,245$5,522$4,155$3,091$2,278$687
26 years$6,892$5,190$3,854$2,827$2,052$583
27 years$6,565$4,884$3,578$2,587$1,850$495
28 years$6,263$4,603$3,327$2,370$1,670$420
29 years$5,982$4,342$3,096$2,174$1,508$357
30 years$5,720$4,101$2,883$1,995$1,362$304
31 years$5,475$3,876$2,688$1,832$1,232$258
32 years$5,247$3,668$2,508$1,684$1,114$219
33 years$5,032$3,474$2,342$1,548$1,008$187
34 years$4,831$3,292$2,188$1,425$913$159
35 years$4,641$3,123$2,046$1,312$827$135
36 years$4,463$2,964$1,914$1,208$749$115
37 years$4,294$2,815$1,791$1,113$679$98
38 years$4,135$2,675$1,677$1,026$616$83
39 years$3,985$2,544$1,572$946$558$71
40 years$3,842$2,420$1,473$872$506$60
41 years$3,706$2,304$1,381$805$459$51
42 years$3,578$2,194$1,296$743$417$44
43 years$3,455$2,090$1,216$686$378$37
44 years$3,339$1,993$1,141$633$343$32
45 years$3,228$1,900$1,072$585$312$27
46 years$3,122$1,813$1,006$540$283$23
47 years$3,021$1,730$946$499$257$19
48 years$2,924$1,651$889$461$233$17
49 years$2,832$1,577$835$426$212$14
50 years$2,744$1,506$785$394$193$12

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 $3,916 every year, while hoping to spend $53,436 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: 42/32/26 Blend
70$2,810,000$2,810,000$2,810,000$2,810,000
71$3,100,659$2,951,729$2,908,174$3,207,130
72$3,360,071$3,039,509$2,948,743$3,371,657
73$3,644,152$3,129,798$2,988,879$3,544,354
74$3,955,362$3,222,664$3,028,513$3,730,342
75$4,296,409$3,318,176$3,067,569$3,930,877
76$4,670,278$3,416,401$3,105,967$4,147,341
77$5,080,254$3,517,412$3,143,625$4,381,257
78$5,529,956$3,621,282$3,180,452$4,634,300
79$6,023,370$3,728,084$3,216,356$4,908,316
80$6,564,888$3,837,894$3,251,238$5,205,336
81$7,159,345$3,950,789$3,284,993$5,527,596
82$7,812,069$4,066,848$3,317,511$5,877,559
83$8,528,929$4,186,153$3,348,677$6,257,937
84$9,316,389$4,308,784$3,378,367$6,671,717
85$10,181,572$4,434,825$3,406,453$7,122,190
86$11,132,324$4,564,363$3,432,801$7,612,979
87$12,177,287$4,697,483$3,457,266$8,148,075
88$13,325,984$4,834,274$3,479,698$8,731,876
89$14,588,907$4,974,826$3,499,941$9,369,225
90$15,977,614$5,119,231$3,517,827$10,065,458
91$17,504,840$5,267,582$3,533,183$10,826,454
92$19,184,613$5,419,973$3,545,825$11,658,689
93$21,032,394$5,576,502$3,555,560$12,569,299
94$23,065,213$5,737,265$3,562,186$13,566,145
95$25,301,836$5,902,362$3,565,490$14,657,890
96$27,762,940$6,071,895$3,565,251$15,854,077
97$30,471,306$6,245,964$3,561,233$17,165,223
98$33,452,037$6,424,674$3,553,192$18,602,915
99$36,732,791$6,608,130$3,540,871$20,179,920
100$40,344,045$6,796,437$3,523,999$21,910,308