Can I retire at age 71 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$219,660$217,704$215,795$213,932$212,112$208,512
2 years$108,743$106,717$104,755$102,852$101,006$97,390
3 years$71,775$69,741$67,783$65,898$64,082$60,563
4 years$53,295$51,267$49,329$47,476$45,704$42,309
5 years$42,210$40,194$38,281$36,466$34,743$31,482
6 years$34,822$32,821$30,937$29,162$27,491$24,367
7 years$29,547$27,563$25,709$23,976$22,358$19,372
8 years$25,593$23,627$21,803$20,113$18,548$15,700
9 years$22,519$20,571$18,779$17,132$15,620$12,908
10 years$20,061$18,133$16,372$14,768$13,309$10,731
11 years$18,051$16,143$14,414$12,852$11,446$8,999
12 years$16,378$14,489$12,792$11,273$9,919$7,599
13 years$14,963$13,094$11,429$9,952$8,650$6,454
14 years$13,751$11,902$10,269$8,835$7,582$5,507
15 years$12,702$10,872$9,271$7,879$6,676$4,717
16 years$11,785$9,975$8,406$7,055$5,900$4,054
17 years$10,976$9,187$7,649$6,339$5,232$3,493
18 years$10,259$8,489$6,982$5,712$4,652$3,017
19 years$9,617$7,868$6,392$5,162$4,146$2,611
20 years$9,040$7,311$5,866$4,675$3,703$2,264
21 years$8,519$6,810$5,396$4,243$3,314$1,965
22 years$8,046$6,357$4,973$3,858$2,971$1,708
23 years$7,615$5,945$4,592$3,513$2,667$1,487
24 years$7,220$5,570$4,247$3,204$2,397$1,295
25 years$6,858$5,227$3,933$2,926$2,157$1,129
26 years$6,524$4,913$3,648$2,676$1,943$985
27 years$6,215$4,624$3,387$2,449$1,752$859
28 years$5,929$4,357$3,149$2,244$1,580$750
29 years$5,662$4,110$2,930$2,058$1,427$656
30 years$5,415$3,882$2,730$1,888$1,289$573
31 years$5,183$3,669$2,545$1,734$1,166$501
32 years$4,967$3,472$2,374$1,594$1,055$438
33 years$4,764$3,288$2,217$1,466$954$383
34 years$4,573$3,116$2,071$1,349$864$335
35 years$4,394$2,956$1,937$1,242$783$294
36 years$4,225$2,806$1,812$1,143$709$257
37 years$4,065$2,665$1,696$1,053$643$225
38 years$3,914$2,532$1,588$971$583$197
39 years$3,772$2,408$1,488$895$528$172
40 years$3,637$2,291$1,394$826$479$151
41 years$3,508$2,181$1,307$762$435$132
42 years$3,387$2,077$1,226$703$395$116
43 years$3,271$1,979$1,151$649$358$102
44 years$3,160$1,886$1,080$599$325$89
45 years$3,055$1,799$1,014$554$295$78
46 years$2,955$1,716$953$511$268$68
47 years$2,860$1,638$895$472$243$60
48 years$2,768$1,563$841$436$221$52
49 years$2,681$1,493$791$403$201$46
50 years$2,597$1,426$743$373$182$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,660,000, adding $3,691 every year, while hoping to spend $20,096 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: 72/10/18 Blend
70$2,660,000$2,660,000$2,660,000$2,660,000
71$2,935,127$2,794,147$2,752,917$3,133,757
72$3,213,128$2,909,678$2,823,758$3,381,757
73$3,518,812$3,030,197$2,896,298$3,650,493
74$3,854,980$3,155,927$2,970,574$3,944,288
75$4,224,721$3,287,100$3,046,621$4,265,623
76$4,631,437$3,423,962$3,124,477$4,617,230
77$5,078,875$3,566,767$3,204,179$5,002,116
78$5,571,165$3,715,784$3,285,763$5,423,594
79$6,112,857$3,871,291$3,369,270$5,885,311
80$6,708,966$4,033,581$3,454,737$6,391,281
81$7,365,014$4,202,960$3,542,205$6,945,928
82$8,087,088$4,379,748$3,631,712$7,554,122
83$8,881,896$4,564,281$3,723,299$8,221,227
84$9,756,827$4,756,908$3,817,007$8,953,151
85$10,720,023$4,957,996$3,912,876$9,756,401
86$11,780,458$5,167,930$4,010,950$10,638,144
87$12,948,017$5,387,111$4,111,269$11,606,274
88$14,233,594$5,615,960$4,213,877$12,669,488
89$15,649,195$5,854,915$4,318,815$13,837,363
90$17,208,045$6,104,439$4,426,128$15,120,452
91$18,924,721$6,365,011$4,535,858$16,530,378
92$20,815,284$6,637,138$4,648,051$18,079,946
93$22,897,432$6,921,347$4,762,750$19,783,262
94$25,190,667$7,218,190$4,879,999$21,655,866
95$27,716,479$7,528,246$4,999,843$23,714,878
96$30,498,550$7,852,120$5,122,328$25,979,161
97$33,562,974$8,190,446$5,247,498$28,469,493
98$36,938,507$8,543,887$5,375,399$31,208,769
99$40,656,836$8,913,139$5,506,076$34,222,211
100$44,752,878$9,298,927$5,639,574$37,537,610