Can I retire at age 71 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$232,873$230,799$228,775$226,800$224,871$222,430
2 years$115,284$113,137$111,056$109,038$107,081$104,624
3 years$76,092$73,936$71,860$69,862$67,937$65,539
4 years$56,501$54,351$52,296$50,332$48,453$46,133
5 years$44,748$42,612$40,584$38,659$36,833$34,598
6 years$36,916$34,796$32,798$30,916$29,145$26,997
7 years$31,324$29,221$27,255$25,418$23,703$21,643
8 years$27,132$25,048$23,114$21,323$19,664$17,692
9 years$23,873$21,809$19,909$18,162$16,560$14,676
10 years$21,267$19,223$17,357$15,656$14,110$12,312
11 years$19,137$17,113$15,281$13,625$12,135$10,422
12 years$17,363$15,360$13,561$11,951$10,516$8,886
13 years$15,863$13,881$12,116$10,551$9,170$7,621
14 years$14,578$12,618$10,886$9,366$8,038$6,569
15 years$13,466$11,526$9,829$8,353$7,078$5,684
16 years$12,494$10,575$8,911$7,479$6,255$4,936
17 years$11,637$9,739$8,109$6,720$5,546$4,299
18 years$10,876$9,000$7,402$6,056$4,931$3,754
19 years$10,196$8,341$6,777$5,472$4,396$3,284
20 years$9,584$7,751$6,219$4,956$3,926$2,879
21 years$9,032$7,219$5,720$4,498$3,513$2,528
22 years$8,530$6,739$5,272$4,090$3,149$2,223
23 years$8,073$6,303$4,868$3,725$2,827$1,957
24 years$7,655$5,905$4,502$3,397$2,541$1,724
25 years$7,270$5,542$4,170$3,102$2,287$1,521
26 years$6,916$5,209$3,867$2,837$2,060$1,342
27 years$6,589$4,902$3,591$2,596$1,857$1,186
28 years$6,285$4,619$3,338$2,379$1,676$1,048
29 years$6,003$4,357$3,107$2,181$1,513$927
30 years$5,740$4,115$2,894$2,002$1,367$820
31 years$5,495$3,890$2,698$1,839$1,236$726
32 years$5,265$3,681$2,517$1,690$1,118$643
33 years$5,050$3,486$2,350$1,554$1,012$570
34 years$4,848$3,304$2,196$1,430$916$505
35 years$4,658$3,134$2,053$1,316$830$447
36 years$4,479$2,974$1,921$1,212$752$397
37 years$4,310$2,825$1,798$1,117$681$352
38 years$4,150$2,685$1,683$1,029$618$312
39 years$3,999$2,553$1,577$949$560$277
40 years$3,855$2,429$1,478$875$508$245
41 years$3,719$2,312$1,386$808$461$218
42 years$3,590$2,202$1,300$745$418$193
43 years$3,467$2,098$1,220$688$380$171
44 years$3,351$2,000$1,145$635$345$152
45 years$3,239$1,907$1,075$587$313$135
46 years$3,133$1,819$1,010$542$284$120
47 years$3,032$1,736$949$501$258$106
48 years$2,935$1,657$892$463$234$94
49 years$2,842$1,583$838$428$213$84
50 years$2,753$1,512$788$395$193$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,820,000, adding $6,732 every year, while hoping to spend $27,598 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: 77/11/12 Blend
70$2,820,000$2,820,000$2,820,000$2,820,000
71$3,114,584$2,965,124$2,921,414$3,346,698
72$3,402,908$3,081,051$2,989,917$3,616,418
73$3,719,715$3,201,734$3,059,791$3,907,914
74$4,067,883$3,327,375$3,131,050$4,226,768
75$4,450,580$3,458,189$3,203,713$4,575,694
76$4,871,296$3,594,398$3,277,795$4,957,683
77$5,333,879$3,736,234$3,353,312$5,376,027
78$5,842,565$3,883,940$3,430,278$5,834,352
79$6,402,023$4,037,769$3,508,709$6,336,649
80$7,017,396$4,197,987$3,588,617$6,887,317
81$7,694,352$4,364,870$3,670,017$7,491,197
82$8,439,134$4,538,707$3,752,922$8,153,623
83$9,258,623$4,719,801$3,837,342$8,880,470
84$10,160,399$4,908,468$3,923,289$9,678,207
85$11,152,815$5,105,037$4,010,774$10,553,961
86$12,245,072$5,309,854$4,099,805$11,515,582
87$13,447,311$5,523,279$4,190,390$12,571,717
88$14,770,706$5,745,689$4,282,538$13,731,892
89$16,227,568$5,977,477$4,376,253$15,006,600
90$17,831,463$6,219,057$4,471,540$16,407,400
91$19,597,339$6,470,857$4,568,403$17,947,027
92$21,541,666$6,733,328$4,666,843$19,639,508
93$23,682,595$7,006,940$4,766,862$21,500,300
94$26,040,125$7,292,185$4,868,456$23,546,428
95$28,636,292$7,589,577$4,971,625$25,796,652
96$31,495,381$7,899,653$5,076,361$28,271,639
97$34,644,151$8,222,977$5,182,660$30,994,158
98$38,112,086$8,560,134$5,290,511$33,989,297
99$41,931,679$8,911,741$5,399,903$37,284,695
100$46,138,733$9,278,439$5,510,823$40,910,806