Can I retire at age 71 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$186,629$184,966$183,344$181,761$180,216$175,859
2 years$92,390$90,670$89,002$87,385$85,817$81,454
3 years$60,982$59,254$57,590$55,989$54,446$50,213
4 years$45,281$43,558$41,911$40,337$38,831$34,761
5 years$35,862$34,150$32,525$30,982$29,519$25,622
6 years$29,585$27,886$26,285$24,777$23,357$19,638
7 years$25,104$23,419$21,843$20,370$18,996$15,455
8 years$21,744$20,074$18,524$17,088$15,759$12,395
9 years$19,132$17,478$15,955$14,555$13,271$10,081
10 years$17,044$15,406$13,910$12,547$11,308$8,288
11 years$15,337$13,715$12,246$10,920$9,725$6,872
12 years$13,915$12,310$10,868$9,578$8,427$5,736
13 years$12,713$11,125$9,710$8,456$7,349$4,813
14 years$11,683$10,112$8,724$7,506$6,442$4,057
15 years$10,792$9,237$7,877$6,694$5,672$3,432
16 years$10,013$8,475$7,142$5,994$5,013$2,912
17 years$9,326$7,805$6,499$5,385$4,445$2,477
18 years$8,716$7,212$5,932$4,853$3,952$2,112
19 years$8,171$6,684$5,431$4,385$3,523$1,804
20 years$7,681$6,211$4,984$3,972$3,146$1,542
21 years$7,238$5,786$4,584$3,605$2,816$1,321
22 years$6,836$5,401$4,225$3,278$2,524$1,132
23 years$6,470$5,051$3,901$2,985$2,266$972
24 years$6,135$4,733$3,608$2,722$2,036$834
25 years$5,827$4,441$3,342$2,486$1,832$717
26 years$5,543$4,174$3,099$2,273$1,651$616
27 years$5,280$3,928$2,878$2,081$1,488$530
28 years$5,037$3,702$2,675$1,906$1,343$456
29 years$4,811$3,492$2,490$1,748$1,213$393
30 years$4,600$3,298$2,319$1,604$1,096$338
31 years$4,404$3,118$2,162$1,474$991$291
32 years$4,220$2,950$2,017$1,354$896$251
33 years$4,047$2,794$1,883$1,245$811$216
34 years$3,885$2,648$1,760$1,146$734$186
35 years$3,733$2,511$1,645$1,055$665$161
36 years$3,589$2,384$1,539$971$602$139
37 years$3,454$2,264$1,441$895$546$119
38 years$3,326$2,152$1,349$825$495$103
39 years$3,205$2,046$1,264$761$449$89
40 years$3,090$1,946$1,185$702$407$77
41 years$2,981$1,853$1,111$647$369$66
42 years$2,877$1,765$1,042$597$335$57
43 years$2,779$1,681$978$551$304$49
44 years$2,685$1,603$918$509$276$42
45 years$2,596$1,528$862$470$251$37
46 years$2,511$1,458$809$434$228$32
47 years$2,430$1,391$760$401$207$27
48 years$2,352$1,328$715$371$188$23
49 years$2,278$1,268$672$343$170$20
50 years$2,207$1,212$631$317$155$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,260,000, adding $4,080 every year, while hoping to spend $20,600 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: 59/23/18 Blend
70$2,260,000$2,260,000$2,260,000$2,260,000
71$2,494,729$2,374,949$2,339,919$2,629,995
72$2,727,273$2,469,403$2,396,388$2,816,509
73$2,982,846$2,567,795$2,454,058$3,017,199
74$3,263,775$2,670,296$2,512,948$3,235,594
75$3,572,625$2,777,085$2,573,076$3,473,410
76$3,912,219$2,888,349$2,634,461$3,732,530
77$4,285,671$3,004,283$2,697,121$4,015,029
78$4,696,408$3,125,092$2,761,073$4,323,190
79$5,148,209$3,250,989$2,826,337$4,659,522
80$5,645,236$3,382,197$2,892,928$5,026,790
81$6,192,075$3,518,949$2,960,866$5,428,035
82$6,793,778$3,661,490$3,030,167$5,866,604
83$7,455,914$3,810,073$3,100,848$6,346,182
84$8,184,617$3,964,966$3,172,926$6,870,825
85$8,986,645$4,126,447$3,246,416$7,444,997
86$9,869,447$4,294,807$3,321,336$8,073,615
87$10,841,229$4,470,351$3,397,699$8,762,090
88$11,911,034$4,653,397$3,475,521$9,516,382
89$13,088,825$4,844,279$3,554,816$10,343,051
90$14,385,580$5,043,344$3,635,598$11,249,322
91$15,813,398$5,250,957$3,717,879$12,243,152
92$17,385,609$5,467,498$3,801,672$13,333,301
93$19,116,901$5,693,365$3,886,988$14,529,418
94$21,023,461$5,928,976$3,973,838$15,842,131
95$23,123,124$6,174,766$4,062,232$17,283,141
96$25,435,544$6,431,191$4,152,178$18,865,340
97$27,982,377$6,698,727$4,243,684$20,602,923
98$30,787,488$6,977,873$4,336,756$22,511,530
99$33,877,174$7,269,151$4,431,399$24,608,385
100$37,280,413$7,573,106$4,527,618$26,912,462