Can I retire at age 71 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$220,486$218,522$216,606$214,736$212,910$210,598
2 years$109,152$107,119$105,149$103,238$101,385$99,059
3 years$72,045$70,003$68,038$66,146$64,323$62,052
4 years$53,495$51,460$49,514$47,654$45,876$43,679
5 years$42,368$40,345$38,425$36,603$34,874$32,758
6 years$34,953$32,945$31,053$29,272$27,595$25,561
7 years$29,658$27,667$25,805$24,066$22,442$20,492
8 years$25,689$23,716$21,885$20,188$18,618$16,751
9 years$22,603$20,649$18,850$17,196$15,679$13,895
10 years$20,136$18,201$16,433$14,823$13,359$11,657
11 years$18,119$16,203$14,468$12,901$11,489$9,868
12 years$16,439$14,543$12,840$11,316$9,956$8,413
13 years$15,019$13,143$11,471$9,990$8,682$7,216
14 years$13,803$11,946$10,307$8,868$7,611$6,219
15 years$12,750$10,913$9,306$7,909$6,701$5,382
16 years$11,829$10,013$8,437$7,081$5,922$4,674
17 years$11,018$9,221$7,678$6,362$5,251$4,071
18 years$10,297$8,521$7,009$5,734$4,669$3,554
19 years$9,653$7,897$6,416$5,181$4,162$3,110
20 years$9,074$7,338$5,888$4,692$3,717$2,726
21 years$8,552$6,835$5,416$4,259$3,327$2,393
22 years$8,077$6,381$4,992$3,872$2,982$2,104
23 years$7,644$5,968$4,609$3,526$2,677$1,852
24 years$7,248$5,591$4,263$3,216$2,406$1,632
25 years$6,884$5,247$3,948$2,937$2,165$1,440
26 years$6,548$4,931$3,662$2,686$1,950$1,271
27 years$6,238$4,641$3,400$2,458$1,758$1,123
28 years$5,951$4,373$3,161$2,252$1,586$992
29 years$5,684$4,126$2,941$2,065$1,432$878
30 years$5,435$3,896$2,740$1,896$1,294$777
31 years$5,203$3,683$2,554$1,741$1,170$687
32 years$4,985$3,485$2,383$1,600$1,059$609
33 years$4,782$3,300$2,225$1,471$958$539
34 years$4,590$3,128$2,079$1,354$867$478
35 years$4,410$2,967$1,944$1,246$786$424
36 years$4,241$2,816$1,818$1,148$712$375
37 years$4,080$2,675$1,702$1,057$645$333
38 years$3,929$2,542$1,594$975$585$295
39 years$3,786$2,417$1,493$899$530$262
40 years$3,650$2,300$1,400$829$481$232
41 years$3,522$2,189$1,312$765$436$206
42 years$3,399$2,085$1,231$706$396$183
43 years$3,283$1,986$1,155$652$359$162
44 years$3,172$1,893$1,084$602$326$144
45 years$3,067$1,806$1,018$556$296$128
46 years$2,966$1,722$956$513$269$113
47 years$2,870$1,644$898$474$244$101
48 years$2,779$1,569$844$438$222$89
49 years$2,691$1,498$794$405$201$79
50 years$2,607$1,431$746$374$183$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,670,000, adding $2,161 every year, while hoping to spend $55,218 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: 48/22/30 Blend
70$2,670,000$2,670,000$2,670,000$2,670,000
71$2,944,569$2,803,059$2,761,674$3,060,551
72$3,186,164$2,881,657$2,795,439$3,221,208
73$3,450,550$2,962,256$2,828,484$3,390,033
74$3,739,995$3,044,896$2,860,727$3,572,340
75$4,056,994$3,129,615$2,892,081$3,769,430
76$4,404,296$3,216,455$2,922,454$3,982,739
77$4,784,928$3,305,455$2,951,750$4,213,846
78$5,202,223$3,396,655$2,979,866$4,464,494
79$5,659,853$3,490,094$3,006,694$4,736,600
80$6,161,862$3,585,812$3,032,123$5,032,277
81$6,712,704$3,683,849$3,056,031$5,353,853
82$7,317,285$3,784,243$3,078,293$5,703,895
83$7,981,010$3,887,033$3,098,778$6,085,228
84$8,709,832$3,992,256$3,117,346$6,500,967
85$9,510,308$4,099,951$3,133,850$6,954,546
86$10,389,663$4,210,152$3,148,138$7,449,745
87$11,355,856$4,322,897$3,160,048$7,990,734
88$12,417,653$4,438,219$3,169,410$8,582,104
89$13,584,714$4,556,152$3,176,045$9,228,919
90$14,867,680$4,676,728$3,179,767$9,936,756
91$16,278,274$4,799,978$3,180,380$10,711,763
92$17,829,412$4,925,932$3,177,677$11,560,716
93$19,535,326$5,054,615$3,171,443$12,491,080
94$21,411,693$5,186,055$3,161,450$13,511,086
95$23,475,787$5,320,274$3,147,460$14,629,803
96$25,746,643$5,457,293$3,129,226$15,857,226
97$28,245,230$5,597,130$3,106,484$17,204,371
98$30,994,655$5,739,800$3,078,963$18,683,380
99$34,020,376$5,885,317$3,046,374$20,307,632
100$37,350,444$6,033,687$3,008,418$22,091,877