Can I retire at age 71 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$207,273$205,427$203,626$201,868$200,151$197,160
2 years$102,611$100,700$98,848$97,052$95,310$92,303
3 years$67,728$65,808$63,961$62,182$60,469$57,540
4 years$50,289$48,376$46,547$44,799$43,127$40,298
5 years$39,829$37,927$36,122$34,410$32,784$30,065
6 years$32,858$30,971$29,192$27,518$25,941$23,333
7 years$27,881$26,009$24,259$22,624$21,097$18,602
8 years$24,149$22,295$20,574$18,979$17,502$15,119
9 years$21,249$19,411$17,720$16,166$14,739$12,468
10 years$18,930$17,110$15,449$13,935$12,559$10,396
11 years$17,033$15,232$13,601$12,127$10,801$8,746
12 years$15,454$13,672$12,070$10,637$9,360$7,409
13 years$14,119$12,355$10,784$9,391$8,162$6,313
14 years$12,976$11,230$9,690$8,337$7,155$5,405
15 years$11,986$10,259$8,748$7,435$6,300$4,646
16 years$11,120$9,413$7,932$6,657$5,568$4,007
17 years$10,357$8,669$7,217$5,981$4,937$3,465
18 years$9,680$8,010$6,589$5,390$4,389$3,004
19 years$9,075$7,424$6,032$4,871$3,912$2,609
20 years$8,531$6,899$5,535$4,411$3,495$2,270
21 years$8,039$6,426$5,092$4,003$3,127$1,978
22 years$7,593$5,998$4,693$3,640$2,803$1,726
23 years$7,186$5,610$4,333$3,315$2,516$1,508
24 years$6,813$5,256$4,007$3,024$2,262$1,319
25 years$6,471$4,933$3,711$2,761$2,035$1,154
26 years$6,156$4,636$3,442$2,525$1,833$1,011
27 years$5,864$4,363$3,196$2,311$1,653$886
28 years$5,594$4,111$2,971$2,117$1,491$777
29 years$5,343$3,878$2,765$1,942$1,347$681
30 years$5,109$3,663$2,576$1,782$1,217$598
31 years$4,891$3,463$2,401$1,637$1,100$525
32 years$4,687$3,276$2,240$1,504$995$461
33 years$4,495$3,103$2,092$1,383$901$405
34 years$4,315$2,941$1,954$1,273$815$356
35 years$4,146$2,789$1,827$1,171$738$313
36 years$3,986$2,647$1,709$1,079$669$275
37 years$3,836$2,514$1,600$994$606$242
38 years$3,694$2,390$1,498$916$550$213
39 years$3,559$2,272$1,404$845$499$187
40 years$3,432$2,162$1,316$779$452$164
41 years$3,311$2,058$1,234$719$410$145
42 years$3,196$1,960$1,157$664$372$127
43 years$3,086$1,867$1,086$612$338$112
44 years$2,982$1,780$1,019$566$307$98
45 years$2,883$1,697$957$522$278$87
46 years$2,789$1,619$899$482$253$76
47 years$2,698$1,545$845$446$230$67
48 years$2,612$1,475$794$412$208$59
49 years$2,530$1,409$746$381$189$52
50 years$2,451$1,346$701$352$172$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,510,000, adding $2,579 every year, while hoping to spend $49,825 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: 72/9/19 Blend
70$2,510,000$2,510,000$2,510,000$2,510,000
71$2,768,680$2,635,650$2,596,745$2,955,299
72$2,998,072$2,711,784$2,630,723$3,155,856
73$3,249,192$2,789,978$2,664,169$3,369,196
74$3,524,204$2,870,281$2,697,012$3,601,577
75$3,825,490$2,952,742$2,729,180$3,854,880
76$4,155,675$3,037,411$2,760,592$4,131,178
77$4,517,648$3,124,338$2,791,166$4,432,752
78$4,914,592$3,213,575$2,820,814$4,762,114
79$5,350,013$3,305,173$2,849,444$5,122,034
80$5,827,772$3,399,184$2,876,958$5,515,560
81$6,352,122$3,495,661$2,903,254$5,946,053
82$6,927,749$3,594,659$2,928,223$6,417,213
83$7,559,812$3,696,230$2,951,751$6,933,119
84$8,253,997$3,800,429$2,973,719$7,498,262
85$9,016,566$3,907,312$2,993,999$8,117,591
86$9,854,417$4,016,932$3,012,460$8,796,561
87$10,775,152$4,129,346$3,028,962$9,541,179
88$11,787,143$4,244,608$3,043,357$10,358,066
89$12,899,613$4,362,776$3,055,492$11,254,515
90$14,122,727$4,483,905$3,065,204$12,238,563
91$15,467,679$4,608,051$3,072,322$13,319,066
92$16,946,807$4,735,270$3,076,669$14,505,783
93$18,573,700$4,865,617$3,078,057$15,809,465
94$20,363,334$4,999,148$3,076,288$17,241,961
95$22,332,206$5,135,919$3,071,156$18,816,326
96$24,498,495$5,275,983$3,062,444$20,546,946
97$26,882,231$5,419,396$3,049,925$22,449,675
98$29,505,481$5,566,209$3,033,360$24,541,980
99$32,392,563$5,716,476$3,012,501$26,843,112
100$35,570,270$5,870,248$2,987,084$29,374,283