Can I retire at age 71 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$202,319$200,517$198,758$197,042$195,366$194,380
2 years$100,158$98,292$96,485$94,732$93,032$92,036
3 years$66,109$64,235$62,432$60,696$59,023$58,049
4 years$49,087$47,220$45,434$43,728$42,096$41,151
5 years$38,877$37,021$35,259$33,587$32,001$31,088
6 years$32,073$30,230$28,495$26,860$25,321$24,441
7 years$27,214$25,387$23,679$22,083$20,593$19,747
8 years$23,572$21,762$20,082$18,525$17,084$16,271
9 years$20,741$18,947$17,296$15,779$14,387$13,608
10 years$18,477$16,701$15,079$13,602$12,258$11,513
11 years$16,626$14,868$13,276$11,838$10,543$9,830
12 years$15,085$13,345$11,782$10,383$9,136$8,455
13 years$13,782$12,060$10,526$9,167$7,967$7,317
14 years$12,666$10,962$9,458$8,137$6,984$6,365
15 years$11,699$10,014$8,539$7,257$6,149$5,560
16 years$10,854$9,188$7,742$6,498$5,434$4,875
17 years$10,110$8,462$7,045$5,838$4,819$4,287
18 years$9,449$7,819$6,431$5,261$4,284$3,780
19 years$8,858$7,246$5,887$4,754$3,819$3,341
20 years$8,327$6,734$5,403$4,306$3,411$2,959
21 years$7,847$6,272$4,970$3,908$3,052$2,625
22 years$7,411$5,855$4,580$3,553$2,736$2,332
23 years$7,014$5,476$4,229$3,236$2,456$2,075
24 years$6,650$5,131$3,911$2,951$2,208$1,848
25 years$6,316$4,815$3,623$2,695$1,987$1,648
26 years$6,009$4,525$3,360$2,464$1,789$1,471
27 years$5,724$4,259$3,120$2,256$1,613$1,314
28 years$5,461$4,013$2,900$2,067$1,456$1,174
29 years$5,215$3,786$2,699$1,895$1,314$1,050
30 years$4,987$3,575$2,514$1,739$1,188$940
31 years$4,774$3,380$2,344$1,597$1,074$842
32 years$4,575$3,198$2,187$1,468$971$754
33 years$4,388$3,029$2,042$1,350$879$676
34 years$4,212$2,870$1,908$1,242$796$606
35 years$4,047$2,722$1,784$1,143$721$543
36 years$3,891$2,584$1,669$1,053$653$487
37 years$3,744$2,454$1,562$970$592$437
38 years$3,605$2,332$1,462$894$537$392
39 years$3,474$2,218$1,370$825$487$352
40 years$3,350$2,110$1,284$761$441$316
41 years$3,231$2,009$1,204$702$400$284
42 years$3,119$1,913$1,130$648$363$255
43 years$3,013$1,823$1,060$598$330$229
44 years$2,911$1,737$995$552$299$206
45 years$2,814$1,657$934$510$272$185
46 years$2,722$1,580$877$471$247$166
47 years$2,634$1,508$824$435$224$149
48 years$2,550$1,440$775$402$203$134
49 years$2,469$1,375$728$372$185$121
50 years$2,392$1,313$685$343$168$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,450,000, adding $5,503 every year, while hoping to spend $57,100 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: 66/11/23 Blend
70$2,450,000$2,450,000$2,450,000$2,450,000
71$2,705,576$2,575,726$2,537,751$2,867,813
72$2,920,791$2,641,183$2,562,012$3,043,005
73$3,156,044$2,707,933$2,585,172$3,227,470
74$3,413,319$2,775,980$2,607,133$3,427,822
75$3,694,800$2,845,325$2,627,794$3,645,625
76$4,002,891$2,915,968$2,647,047$3,882,603
77$4,340,241$2,987,906$2,664,778$4,140,655
78$4,709,766$3,061,133$2,680,869$4,421,872
79$5,114,677$3,135,644$2,695,193$4,728,560
80$5,558,512$3,211,428$2,707,620$5,063,259
81$6,045,165$3,288,473$2,718,010$5,428,769
82$6,578,926$3,366,763$2,726,218$5,828,173
83$7,164,522$3,446,280$2,732,091$6,264,870
84$7,807,157$3,527,001$2,735,470$6,742,605
85$8,512,564$3,608,901$2,736,185$7,265,505
86$9,287,058$3,691,950$2,734,060$7,838,119
87$10,137,596$3,776,114$2,728,909$8,465,457
88$11,071,842$3,861,354$2,720,539$9,153,044
89$12,098,238$3,947,628$2,708,745$9,906,967
90$13,226,083$4,034,887$2,693,313$10,733,933
91$14,465,625$4,123,078$2,674,020$11,641,335
92$15,828,149$4,212,140$2,650,631$12,637,321
93$17,326,093$4,302,007$2,622,899$13,730,870
94$18,973,157$4,392,607$2,590,568$14,931,876
95$20,784,434$4,483,861$2,553,368$16,251,246
96$22,776,557$4,575,680$2,511,016$17,700,998
97$24,967,847$4,667,970$2,463,217$19,294,379
98$27,378,494$4,760,626$2,409,660$21,045,985
99$30,030,740$4,853,537$2,350,024$22,971,907
100$32,949,094$4,946,579$2,283,968$25,089,874