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%15.1%
1 years$236,176$234,072$232,020$230,017$228,060$223,273
2 years$116,919$114,741$112,631$110,585$108,600$103,800
3 years$77,172$74,985$72,880$70,853$68,900$64,236
4 years$57,302$55,122$53,038$51,045$49,140$44,649
5 years$45,383$43,216$41,159$39,208$37,356$33,049
6 years$37,440$35,289$33,263$31,355$29,558$25,442
7 years$31,769$29,636$27,642$25,779$24,039$20,113
8 years$27,517$25,403$23,442$21,625$19,943$16,206
9 years$24,212$22,118$20,191$18,420$16,794$13,245
10 years$21,569$19,496$17,603$15,878$14,310$10,943
11 years$19,408$17,356$15,497$13,819$12,307$9,119
12 years$17,609$15,578$13,753$12,121$10,665$7,651
13 years$16,088$14,078$12,288$10,701$9,300$6,455
14 years$14,785$12,796$11,041$9,499$8,152$5,471
15 years$13,657$11,690$9,968$8,471$7,178$4,654
16 years$12,671$10,725$9,038$7,585$6,344$3,972
17 years$11,802$9,878$8,224$6,815$5,625$3,398
18 years$11,030$9,127$7,507$6,142$5,001$2,914
19 years$10,340$8,459$6,873$5,550$4,458$2,503
20 years$9,720$7,861$6,307$5,026$3,982$2,154
21 years$9,160$7,322$5,802$4,562$3,563$1,856
22 years$8,651$6,835$5,347$4,148$3,194$1,601
23 years$8,188$6,392$4,937$3,777$2,867$1,382
24 years$7,763$5,989$4,566$3,445$2,577$1,194
25 years$7,374$5,621$4,229$3,146$2,319$1,033
26 years$7,014$5,282$3,922$2,877$2,089$894
27 years$6,682$4,971$3,642$2,633$1,883$774
28 years$6,374$4,684$3,386$2,413$1,699$670
29 years$6,088$4,419$3,151$2,212$1,534$581
30 years$5,822$4,174$2,935$2,030$1,386$503
31 years$5,573$3,945$2,736$1,865$1,253$437
32 years$5,340$3,733$2,553$1,714$1,134$379
33 years$5,122$3,535$2,384$1,576$1,026$329
34 years$4,917$3,351$2,227$1,450$929$285
35 years$4,724$3,178$2,082$1,335$841$247
36 years$4,542$3,016$1,948$1,229$762$215
37 years$4,371$2,865$1,823$1,133$691$186
38 years$4,209$2,723$1,707$1,044$626$162
39 years$4,055$2,589$1,599$963$568$141
40 years$3,910$2,463$1,499$888$515$122
41 years$3,772$2,345$1,406$819$467$106
42 years$3,641$2,233$1,319$756$424$92
43 years$3,517$2,128$1,237$698$385$80
44 years$3,398$2,028$1,162$644$349$69
45 years$3,285$1,934$1,091$595$317$60
46 years$3,177$1,845$1,024$550$288$52
47 years$3,075$1,761$962$508$262$45
48 years$2,976$1,681$904$469$238$40
49 years$2,882$1,605$850$434$216$34
50 years$2,792$1,533$799$401$196$30

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 $6,105 every year, while hoping to spend $27,953 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: 88/6/6 Blend
70$2,860,000$2,860,000$2,860,000$2,860,000
71$3,158,017$3,006,437$2,962,107$3,434,828
72$3,450,393$3,124,011$3,031,596$3,733,485
73$3,771,655$3,246,409$3,102,476$4,057,219
74$4,124,719$3,373,838$3,174,764$4,412,201
75$4,512,798$3,506,514$3,248,477$4,801,561
76$4,939,433$3,644,663$3,323,631$5,228,747
77$5,408,525$3,788,521$3,400,242$5,697,559
78$5,924,370$3,938,334$3,478,325$6,212,179
79$6,491,702$4,094,359$3,557,896$6,777,217
80$7,115,739$4,256,866$3,638,968$7,397,748
81$7,802,226$4,426,134$3,721,556$8,079,365
82$8,557,497$4,602,458$3,805,671$8,828,228
83$9,388,528$4,786,145$3,891,327$9,651,122
84$10,303,006$4,977,514$3,978,535$10,555,524
85$11,309,401$5,176,901$4,067,305$11,549,669
86$12,417,047$5,384,657$4,157,647$12,642,630
87$13,636,227$5,601,145$4,249,569$13,844,405
88$14,978,271$5,826,750$4,343,078$15,166,005
89$16,455,665$6,061,871$4,438,181$16,619,564
90$18,082,165$6,306,926$4,534,883$18,218,449
91$19,872,932$6,562,351$4,633,187$19,977,390
92$21,844,667$6,828,602$4,733,096$21,912,614
93$24,015,778$7,106,159$4,834,609$24,041,999
94$26,406,545$7,395,518$4,937,726$26,385,246
95$29,039,317$7,697,202$5,042,444$28,964,060
96$31,938,719$8,011,758$5,148,758$31,802,356
97$35,131,888$8,339,754$5,256,661$34,926,486
98$38,648,727$8,681,787$5,366,145$38,365,485
99$42,522,184$9,038,482$5,477,199$42,151,344
100$46,788,570$9,410,491$5,589,808$46,319,317