Can I retire at age 71 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$222,963$220,977$219,040$217,149$215,302$210,182
2 years$110,378$108,322$106,330$104,398$102,525$97,397
3 years$72,854$70,790$68,803$66,889$65,046$60,070
4 years$54,096$52,038$50,071$48,190$46,391$41,605
5 years$42,844$40,798$38,857$37,014$35,266$30,684
6 years$35,345$33,315$31,402$29,601$27,905$23,531
7 years$29,991$27,978$26,095$24,336$22,694$18,529
8 years$25,977$23,982$22,131$20,415$18,827$14,869
9 years$22,857$20,881$19,061$17,389$15,855$12,101
10 years$20,362$18,405$16,618$14,990$13,509$9,955
11 years$18,323$16,385$14,630$13,045$11,618$8,259
12 years$16,624$14,707$12,984$11,443$10,068$6,898
13 years$15,188$13,290$11,600$10,102$8,780$5,793
14 years$13,958$12,081$10,423$8,968$7,696$4,886
15 years$12,893$11,036$9,411$7,997$6,776$4,136
16 years$11,962$10,125$8,532$7,161$5,989$3,512
17 years$11,141$9,325$7,764$6,434$5,310$2,990
18 years$10,413$8,617$7,087$5,798$4,722$2,551
19 years$9,762$7,986$6,488$5,239$4,208$2,180
20 years$9,176$7,421$5,954$4,745$3,759$1,866
21 years$8,648$6,912$5,477$4,307$3,364$1,599
22 years$8,167$6,452$5,048$3,916$3,015$1,372
23 years$7,730$6,035$4,661$3,566$2,707$1,178
24 years$7,329$5,654$4,310$3,252$2,433$1,012
25 years$6,961$5,306$3,992$2,970$2,189$871
26 years$6,622$4,987$3,703$2,716$1,972$749
27 years$6,308$4,693$3,438$2,486$1,778$645
28 years$6,018$4,422$3,196$2,278$1,604$555
29 years$5,748$4,172$2,974$2,089$1,449$479
30 years$5,496$3,940$2,771$1,917$1,309$412
31 years$5,261$3,725$2,583$1,760$1,183$356
32 years$5,041$3,524$2,410$1,618$1,070$307
33 years$4,835$3,338$2,250$1,488$969$264
34 years$4,642$3,163$2,102$1,369$877$228
35 years$4,460$3,000$1,966$1,260$794$197
36 years$4,288$2,848$1,839$1,161$720$170
37 years$4,126$2,705$1,721$1,069$652$147
38 years$3,973$2,570$1,612$986$591$126
39 years$3,829$2,444$1,510$909$536$109
40 years$3,691$2,325$1,415$838$486$94
41 years$3,561$2,214$1,327$773$441$81
42 years$3,437$2,108$1,245$714$400$70
43 years$3,320$2,009$1,168$659$363$61
44 years$3,208$1,915$1,097$608$330$52
45 years$3,101$1,826$1,030$562$299$45
46 years$3,000$1,742$967$519$272$39
47 years$2,903$1,662$909$479$247$34
48 years$2,810$1,587$854$443$224$29
49 years$2,721$1,515$802$409$204$25
50 years$2,636$1,447$754$378$185$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,700,000, adding $2,612 every year, while hoping to spend $22,651 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: 35/48/17 Blend
70$2,700,000$2,700,000$2,700,000$2,700,000
71$2,978,094$2,834,994$2,793,144$3,066,694
72$3,257,759$2,949,809$2,862,614$3,246,317
73$3,565,191$3,069,489$2,933,652$3,437,685
74$3,903,198$3,194,252$3,006,287$3,643,687
75$4,274,874$3,324,320$3,080,547$3,865,634
76$4,683,627$3,459,928$3,156,461$4,104,963
77$5,133,214$3,601,321$3,234,060$4,363,253
78$5,627,772$3,748,756$3,313,371$4,642,233
79$6,171,861$3,902,501$3,394,425$4,943,801
80$6,770,503$4,062,836$3,477,251$5,270,043
81$7,429,235$4,230,055$3,561,879$5,623,246
82$8,154,153$4,404,464$3,648,338$6,005,920
83$8,951,977$4,586,384$3,736,658$6,420,826
84$9,830,112$4,776,150$3,826,869$6,870,993
85$10,796,715$4,974,113$3,919,001$7,359,748
86$11,860,776$5,180,640$4,013,083$7,890,751
87$13,032,198$5,396,115$4,109,145$8,468,018
88$14,321,897$5,620,939$4,207,216$9,095,967
89$15,741,899$5,855,533$4,307,326$9,779,454
90$17,305,454$6,100,335$4,409,503$10,523,816
91$19,027,165$6,355,807$4,513,776$11,334,921
92$20,923,122$6,622,428$4,620,174$12,219,223
93$23,011,055$6,900,701$4,728,724$13,183,819
94$25,310,502$7,191,154$4,839,455$14,236,514
95$27,842,989$7,494,337$4,952,393$15,385,893
96$30,632,242$7,810,827$5,067,566$16,641,403
97$33,704,400$8,141,227$5,184,999$18,013,433
98$37,088,269$8,486,168$5,304,717$19,513,417
99$40,815,593$8,846,311$5,426,746$21,153,935
100$44,921,350$9,222,347$5,551,108$22,948,831