Can I retire at age 71 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$227,918$225,888$223,907$221,974$220,086$215,996
2 years$112,831$110,729$108,693$106,718$104,803$100,697
3 years$74,473$72,363$70,331$68,375$66,491$62,498
4 years$55,298$53,194$51,183$49,261$47,422$43,573
5 years$43,796$41,705$39,720$37,837$36,050$32,354
6 years$36,131$34,055$32,100$30,258$28,525$24,988
7 years$30,658$28,600$26,675$24,877$23,198$19,821
8 years$26,555$24,515$22,623$20,869$19,245$16,027
9 years$23,365$21,345$19,485$17,776$16,207$13,145
10 years$20,815$18,814$16,987$15,323$13,809$10,901
11 years$18,730$16,749$14,955$13,335$11,877$9,119
12 years$16,993$15,033$13,273$11,697$10,292$7,681
13 years$15,525$13,586$11,858$10,327$8,975$6,506
14 years$14,268$12,349$10,655$9,167$7,867$5,536
15 years$13,179$11,281$9,620$8,175$6,927$4,729
16 years$12,228$10,350$8,722$7,320$6,122$4,053
17 years$11,389$9,532$7,936$6,577$5,428$3,483
18 years$10,644$8,808$7,245$5,927$4,827$2,999
19 years$9,979$8,163$6,632$5,356$4,302$2,588
20 years$9,380$7,586$6,087$4,851$3,843$2,237
21 years$8,840$7,066$5,599$4,402$3,439$1,936
22 years$8,349$6,596$5,160$4,003$3,082$1,678
23 years$7,901$6,169$4,764$3,645$2,767$1,456
24 years$7,492$5,780$4,406$3,325$2,487$1,264
25 years$7,116$5,424$4,081$3,036$2,238$1,098
26 years$6,769$5,098$3,785$2,776$2,016$955
27 years$6,449$4,798$3,515$2,541$1,817$831
28 years$6,151$4,521$3,267$2,328$1,640$723
29 years$5,875$4,265$3,041$2,135$1,481$630
30 years$5,618$4,028$2,832$1,959$1,338$549
31 years$5,378$3,807$2,640$1,800$1,210$478
32 years$5,153$3,603$2,464$1,654$1,094$417
33 years$4,943$3,412$2,300$1,521$990$363
34 years$4,745$3,234$2,149$1,399$897$317
35 years$4,559$3,067$2,009$1,288$812$276
36 years$4,384$2,911$1,880$1,186$736$241
37 years$4,218$2,765$1,759$1,093$667$210
38 years$4,062$2,628$1,648$1,008$605$184
39 years$3,914$2,499$1,544$929$548$160
40 years$3,773$2,377$1,447$857$497$140
41 years$3,640$2,263$1,357$791$451$122
42 years$3,514$2,155$1,273$730$409$107
43 years$3,394$2,053$1,194$673$372$93
44 years$3,279$1,957$1,121$622$337$81
45 years$3,170$1,866$1,052$574$306$71
46 years$3,066$1,780$989$530$278$62
47 years$2,967$1,699$929$490$252$54
48 years$2,872$1,622$873$453$229$47
49 years$2,782$1,549$820$419$208$41
50 years$2,695$1,480$771$387$189$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,760,000, adding $4,395 every year, while hoping to spend $49,783 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: 53/38/9 Blend
70$2,760,000$2,760,000$2,760,000$2,760,000
71$3,046,053$2,899,773$2,856,993$3,200,386
72$3,303,782$2,988,894$2,899,734$3,394,768
73$3,586,131$3,080,712$2,942,238$3,600,357
74$3,895,558$3,175,309$2,984,444$3,822,845
75$4,234,771$3,272,765$3,026,290$4,063,841
76$4,606,753$3,373,166$3,067,706$4,325,113
77$5,014,788$3,476,597$3,108,620$4,608,609
78$5,462,494$3,583,149$3,148,957$4,916,469
79$5,953,857$3,692,911$3,188,635$5,251,050
80$6,493,265$3,805,979$3,227,569$5,614,947
81$7,085,555$3,922,448$3,265,670$6,011,012
82$7,736,053$4,042,419$3,302,840$6,442,389
83$8,450,626$4,165,994$3,338,981$6,912,536
84$9,235,738$4,293,276$3,373,986$7,425,260
85$10,098,512$4,424,375$3,407,743$7,984,753
86$11,046,791$4,559,400$3,440,133$8,595,630
87$12,089,219$4,698,466$3,471,033$9,262,974
88$13,235,317$4,841,689$3,500,311$9,992,381
89$14,495,578$4,989,190$3,527,829$10,790,012
90$15,881,558$5,141,091$3,553,442$11,662,655
91$17,405,992$5,297,519$3,576,998$12,617,783
92$19,082,910$5,458,605$3,598,334$13,663,628
93$20,927,771$5,624,482$3,617,283$14,809,257
94$22,957,609$5,795,286$3,633,667$16,064,656
95$25,191,188$5,971,158$3,647,298$17,440,824
96$27,649,188$6,152,243$3,657,981$18,949,879
97$30,354,391$6,338,689$3,665,509$20,605,167
98$33,331,902$6,530,648$3,669,667$22,421,392
99$36,609,382$6,728,276$3,670,227$24,414,750
100$40,217,311$6,931,733$3,666,951$26,603,086