Can I retire at age 71 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$236,176$234,072$232,020$230,017$228,060$219,881
2 years$116,919$114,741$112,631$110,585$108,600$100,448
3 years$77,172$74,985$72,880$70,853$68,900$61,032
4 years$57,302$55,122$53,038$51,045$49,140$41,616
5 years$45,383$43,216$41,159$39,208$37,356$30,194
6 years$37,440$35,289$33,263$31,355$29,558$22,765
7 years$31,769$29,636$27,642$25,779$24,039$17,613
8 years$27,517$25,403$23,442$21,625$19,943$13,878
9 years$24,212$22,118$20,191$18,420$16,794$11,084
10 years$21,569$19,496$17,603$15,878$14,310$8,943
11 years$19,408$17,356$15,497$13,819$12,307$7,273
12 years$17,609$15,578$13,753$12,121$10,665$5,951
13 years$16,088$14,078$12,288$10,701$9,300$4,894
14 years$14,785$12,796$11,041$9,499$8,152$4,040
15 years$13,657$11,690$9,968$8,471$7,178$3,346
16 years$12,671$10,725$9,038$7,585$6,344$2,779
17 years$11,802$9,878$8,224$6,815$5,625$2,312
18 years$11,030$9,127$7,507$6,142$5,001$1,928
19 years$10,340$8,459$6,873$5,550$4,458$1,610
20 years$9,720$7,861$6,307$5,026$3,982$1,345
21 years$9,160$7,322$5,802$4,562$3,563$1,126
22 years$8,651$6,835$5,347$4,148$3,194$943
23 years$8,188$6,392$4,937$3,777$2,867$790
24 years$7,763$5,989$4,566$3,445$2,577$662
25 years$7,374$5,621$4,229$3,146$2,319$556
26 years$7,014$5,282$3,922$2,877$2,089$466
27 years$6,682$4,971$3,642$2,633$1,883$392
28 years$6,374$4,684$3,386$2,413$1,699$329
29 years$6,088$4,419$3,151$2,212$1,534$276
30 years$5,822$4,174$2,935$2,030$1,386$232
31 years$5,573$3,945$2,736$1,865$1,253$195
32 years$5,340$3,733$2,553$1,714$1,134$164
33 years$5,122$3,535$2,384$1,576$1,026$138
34 years$4,917$3,351$2,227$1,450$929$116
35 years$4,724$3,178$2,082$1,335$841$97
36 years$4,542$3,016$1,948$1,229$762$82
37 years$4,371$2,865$1,823$1,133$691$69
38 years$4,209$2,723$1,707$1,044$626$58
39 years$4,055$2,589$1,599$963$568$49
40 years$3,910$2,463$1,499$888$515$41
41 years$3,772$2,345$1,406$819$467$34
42 years$3,641$2,233$1,319$756$424$29
43 years$3,517$2,128$1,237$698$385$24
44 years$3,398$2,028$1,162$644$349$20
45 years$3,285$1,934$1,091$595$317$17
46 years$3,177$1,845$1,024$550$288$14
47 years$3,075$1,761$962$508$262$12
48 years$2,976$1,681$904$469$238$10
49 years$2,882$1,605$850$434$216$9
50 years$2,792$1,533$799$401$196$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,860,000, adding $4,322 every year, while hoping to spend $54,649 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: 84/5/11 Blend
70$2,860,000$2,860,000$2,860,000$2,860,000
71$3,156,178$3,004,598$2,960,268$3,415,331
72$3,419,962$3,093,677$3,001,291$3,674,594
73$3,708,821$3,185,290$3,041,857$3,951,570
74$4,025,253$3,279,502$3,081,892$4,254,152
75$4,372,013$3,376,382$3,121,319$4,584,883
76$4,752,133$3,475,998$3,160,057$4,946,565
77$5,168,951$3,578,423$3,198,020$5,342,284
78$5,626,145$3,683,727$3,235,115$5,775,436
79$6,127,767$3,791,985$3,271,247$6,249,766
80$6,678,279$3,903,272$3,306,313$6,769,397
81$7,282,596$4,017,665$3,340,207$7,338,869
82$7,946,132$4,135,241$3,372,815$7,963,187
83$8,674,851$4,256,082$3,404,018$8,647,863
84$9,475,323$4,380,267$3,433,690$9,398,967
85$10,354,785$4,507,880$3,461,698$10,223,189
86$11,321,212$4,639,004$3,487,903$11,127,899
87$12,383,387$4,773,726$3,512,159$12,121,216
88$13,550,987$4,912,133$3,534,311$13,212,086
89$14,834,674$5,054,314$3,554,196$14,410,363
90$16,246,193$5,200,358$3,571,645$15,726,907
91$17,798,487$5,350,358$3,586,477$17,173,682
92$19,505,813$5,504,406$3,598,504$18,763,870
93$21,383,880$5,662,596$3,607,528$20,511,995
94$23,449,997$5,825,024$3,613,342$22,434,061
95$25,723,234$5,991,788$3,615,726$24,547,702
96$28,224,604$6,162,986$3,614,453$26,872,347
97$30,977,258$6,338,716$3,609,281$29,429,407
98$34,006,705$6,519,080$3,599,959$32,242,471
99$37,341,054$6,704,180$3,586,223$35,337,535
100$41,011,274$6,894,118$3,567,794$38,743,240