Can I retire at age 71 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$213,054$211,156$209,305$207,497$205,733$200,923
2 years$105,472$103,508$101,604$99,758$97,968$93,149
3 years$69,616$67,644$65,745$63,916$62,155$57,478
4 years$51,692$49,725$47,845$46,048$44,329$39,830
5 years$40,940$38,985$37,130$35,369$33,699$29,390
6 years$33,775$31,834$30,006$28,285$26,664$22,551
7 years$28,658$26,734$24,936$23,255$21,685$17,767
8 years$24,823$22,916$21,147$19,508$17,990$14,266
9 years$21,841$19,953$18,214$16,616$15,150$11,617
10 years$19,457$17,587$15,880$14,323$12,909$9,563
11 years$17,508$15,657$13,980$12,466$11,102$7,939
12 years$15,885$14,053$12,407$10,934$9,621$6,635
13 years$14,513$12,700$11,085$9,653$8,389$5,575
14 years$13,338$11,544$9,960$8,569$7,354$4,706
15 years$12,320$10,545$8,992$7,642$6,475$3,987
16 years$11,430$9,675$8,153$6,843$5,723$3,388
17 years$10,646$8,910$7,419$6,148$5,074$2,886
18 years$9,950$8,234$6,772$5,541$4,512$2,464
19 years$9,328$7,631$6,200$5,006$4,021$2,107
20 years$8,769$7,091$5,690$4,534$3,592$1,805
21 years$8,263$6,605$5,234$4,115$3,214$1,548
22 years$7,804$6,166$4,824$3,742$2,881$1,329
23 years$7,386$5,766$4,454$3,408$2,586$1,142
24 years$7,003$5,403$4,119$3,108$2,325$982
25 years$6,652$5,070$3,815$2,838$2,092$845
26 years$6,328$4,765$3,538$2,595$1,884$728
27 years$6,028$4,485$3,285$2,375$1,699$627
28 years$5,750$4,226$3,054$2,176$1,533$541
29 years$5,492$3,987$2,842$1,996$1,384$466
30 years$5,252$3,765$2,647$1,832$1,251$402
31 years$5,027$3,559$2,468$1,682$1,131$347
32 years$4,817$3,368$2,303$1,546$1,023$299
33 years$4,620$3,189$2,150$1,422$926$259
34 years$4,436$3,023$2,009$1,308$838$223
35 years$4,262$2,867$1,878$1,204$759$193
36 years$4,098$2,721$1,757$1,109$688$166
37 years$3,943$2,584$1,645$1,022$623$144
38 years$3,797$2,456$1,540$942$565$124
39 years$3,658$2,336$1,443$868$512$107
40 years$3,527$2,222$1,352$801$465$93
41 years$3,403$2,115$1,268$739$422$80
42 years$3,285$2,014$1,190$682$383$69
43 years$3,172$1,919$1,116$630$347$60
44 years$3,065$1,830$1,048$581$315$52
45 years$2,963$1,745$984$537$286$45
46 years$2,866$1,664$924$496$260$39
47 years$2,774$1,588$868$458$236$33
48 years$2,685$1,516$816$423$214$29
49 years$2,600$1,448$767$391$195$25
50 years$2,519$1,383$721$362$177$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,580,000, adding $4,459 every year, while hoping to spend $39,869 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: 33/46/21 Blend
70$2,580,000$2,580,000$2,580,000$2,580,000
71$2,847,759$2,711,019$2,671,029$2,923,208
72$3,095,811$2,801,439$2,718,089$3,070,232
73$3,367,827$2,894,953$2,765,388$3,224,627
74$3,666,210$2,991,671$2,812,894$3,390,205
75$3,993,607$3,091,706$2,860,569$3,567,975
76$4,352,932$3,195,177$2,908,375$3,759,044
77$4,747,395$3,302,204$2,956,270$3,964,630
78$5,180,533$3,412,916$3,004,208$4,186,071
79$5,656,241$3,527,443$3,052,144$4,424,836
80$6,178,812$3,645,922$3,100,024$4,682,542
81$6,752,972$3,768,493$3,147,797$4,960,963
82$7,383,930$3,895,305$3,195,403$5,262,052
83$8,077,424$4,026,507$3,242,781$5,587,957
84$8,839,775$4,162,260$3,289,868$5,941,038
85$9,677,946$4,302,725$3,336,593$6,323,891
86$10,599,612$4,448,073$3,382,884$6,739,373
87$11,613,224$4,598,481$3,428,663$7,190,627
88$12,728,097$4,754,131$3,473,847$7,681,110
89$13,954,493$4,915,213$3,518,350$8,214,627
90$15,303,717$5,081,924$3,562,081$8,795,365
91$16,788,226$5,254,468$3,604,941$9,427,931
92$18,421,747$5,433,059$3,646,828$10,117,398
93$20,219,402$5,617,915$3,687,633$10,869,347
94$22,197,855$5,809,267$3,727,243$11,689,925
95$24,375,466$6,007,351$3,765,536$12,585,897
96$26,772,467$6,212,415$3,802,385$13,564,711
97$29,411,149$6,424,714$3,837,655$14,634,570
98$32,316,075$6,644,514$3,871,205$15,804,503
99$35,514,311$6,872,091$3,902,887$17,084,454
100$39,035,680$7,107,733$3,932,543$18,485,372