Can I retire at age 71 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$237,002$234,891$232,831$230,821$228,858$220,562
2 years$117,328$115,143$113,025$110,972$108,980$100,713
3 years$77,441$75,247$73,135$71,101$69,141$61,164
4 years$57,502$55,314$53,223$51,224$49,312$41,684
5 years$45,542$43,367$41,303$39,345$37,486$30,228
6 years$37,571$35,413$33,379$31,464$29,662$22,778
7 years$31,880$29,739$27,738$25,869$24,123$17,613
8 years$27,613$25,492$23,524$21,701$20,012$13,870
9 years$24,296$22,196$20,261$18,484$16,853$11,071
10 years$21,645$19,564$17,664$15,933$14,360$8,926
11 years$19,476$17,417$15,551$13,867$12,350$7,254
12 years$17,671$15,632$13,802$12,163$10,702$5,932
13 years$16,144$14,127$12,331$10,738$9,332$4,875
14 years$14,837$12,841$11,079$9,532$8,181$4,022
15 years$13,705$11,731$10,003$8,501$7,203$3,329
16 years$12,715$10,763$9,069$7,612$6,366$2,762
17 years$11,843$9,912$8,253$6,839$5,645$2,297
18 years$11,068$9,159$7,534$6,163$5,019$1,914
19 years$10,376$8,489$6,897$5,569$4,473$1,596
20 years$9,754$7,888$6,329$5,044$3,996$1,333
21 years$9,192$7,347$5,822$4,578$3,576$1,115
22 years$8,682$6,859$5,366$4,162$3,205$933
23 years$8,216$6,415$4,954$3,791$2,877$781
24 years$7,791$6,010$4,582$3,457$2,586$654
25 years$7,399$5,640$4,244$3,157$2,327$549
26 years$7,039$5,301$3,936$2,887$2,096$460
27 years$6,706$4,989$3,655$2,642$1,890$386
28 years$6,397$4,701$3,398$2,421$1,705$324
29 years$6,110$4,435$3,162$2,220$1,540$272
30 years$5,842$4,188$2,945$2,038$1,391$228
31 years$5,592$3,959$2,746$1,871$1,258$192
32 years$5,359$3,746$2,562$1,720$1,138$161
33 years$5,140$3,548$2,392$1,581$1,030$135
34 years$4,934$3,362$2,235$1,455$932$113
35 years$4,741$3,189$2,089$1,340$844$95
36 years$4,558$3,027$1,955$1,234$765$80
37 years$4,386$2,875$1,829$1,137$693$67
38 years$4,224$2,732$1,713$1,048$629$57
39 years$4,070$2,598$1,605$966$570$47
40 years$3,924$2,472$1,504$891$517$40
41 years$3,785$2,353$1,411$822$469$34
42 years$3,654$2,241$1,323$759$426$28
43 years$3,529$2,135$1,242$700$386$24
44 years$3,410$2,035$1,166$647$351$20
45 years$3,297$1,941$1,094$597$318$17
46 years$3,188$1,851$1,028$552$289$14
47 years$3,085$1,767$966$510$262$12
48 years$2,987$1,687$907$471$238$10
49 years$2,892$1,611$853$435$216$8
50 years$2,802$1,539$802$402$197$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,870,000, adding $5,928 every year, while hoping to spend $54,104 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: 66/20/14 Blend
70$2,870,000$2,870,000$2,870,000$2,870,000
71$3,168,855$3,016,745$2,972,260$3,367,240
72$3,434,512$3,106,999$3,014,264$3,590,681
73$3,725,452$3,199,862$3,055,862$3,827,938
74$4,044,198$3,295,406$3,096,984$4,085,916
75$4,393,527$3,393,701$3,137,553$4,366,640
76$4,776,497$3,494,823$3,177,492$4,672,339
77$5,196,478$3,598,847$3,216,715$5,005,466
78$5,657,179$3,705,850$3,255,136$5,368,725
79$6,162,687$3,815,913$3,292,658$5,765,090
80$6,717,504$3,929,116$3,329,185$6,197,839
81$7,326,588$4,045,541$3,364,612$6,670,580
82$7,995,402$4,165,274$3,398,828$7,187,288
83$8,729,962$4,288,402$3,431,718$7,752,342
84$9,536,896$4,415,012$3,463,159$8,370,562
85$10,423,507$4,545,195$3,493,022$9,047,261
86$11,397,838$4,679,043$3,521,172$9,788,288
87$12,468,752$4,816,651$3,547,466$10,600,088
88$13,646,012$4,958,114$3,571,753$11,489,762
89$14,940,374$5,103,530$3,593,875$12,465,130
90$16,363,688$5,252,999$3,613,666$13,534,809
91$17,929,012$5,406,623$3,630,951$14,708,290
92$19,650,729$5,564,506$3,645,547$15,996,033
93$21,544,690$5,726,754$3,657,259$17,409,559
94$23,628,357$5,893,473$3,665,886$18,961,562
95$25,920,971$6,064,774$3,671,214$20,666,029
96$28,443,730$6,240,769$3,673,020$22,538,370
97$31,219,994$6,421,570$3,671,070$24,595,564
98$34,275,499$6,607,292$3,665,116$26,856,320
99$37,638,605$6,798,054$3,654,902$29,341,250
100$41,340,557$6,993,974$3,640,157$32,073,067