Can I retire at age 71 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$228,744$226,706$224,719$222,778$220,884$217,314
2 years$113,240$111,131$109,087$107,105$105,183$101,596
3 years$74,743$72,625$70,586$68,623$66,732$63,240
4 years$55,499$53,387$51,369$49,439$47,594$44,224
5 years$43,955$41,856$39,864$37,974$36,180$32,941
6 years$36,262$34,179$32,216$30,368$28,628$25,524
7 years$30,769$28,703$26,772$24,967$23,282$20,315
8 years$26,651$24,604$22,705$20,944$19,315$16,483
9 years$23,450$21,422$19,556$17,840$16,266$13,568
10 years$20,890$18,883$17,049$15,378$13,859$11,293
11 years$18,798$16,810$15,010$13,384$11,920$9,482
12 years$17,055$15,088$13,321$11,739$10,329$8,018
13 years$15,582$13,635$11,901$10,364$9,007$6,818
14 years$14,320$12,394$10,693$9,200$7,896$5,826
15 years$13,227$11,322$9,655$8,205$6,952$4,997
16 years$12,272$10,388$8,753$7,347$6,144$4,301
17 years$11,430$9,567$7,965$6,601$5,448$3,711
18 years$10,683$8,840$7,271$5,949$4,844$3,210
19 years$10,015$8,193$6,656$5,375$4,318$2,782
20 years$9,414$7,613$6,109$4,868$3,857$2,416
21 years$8,872$7,091$5,619$4,418$3,451$2,100
22 years$8,379$6,620$5,179$4,017$3,093$1,829
23 years$7,930$6,191$4,782$3,659$2,777$1,594
24 years$7,519$5,801$4,422$3,337$2,496$1,390
25 years$7,141$5,444$4,096$3,047$2,246$1,214
26 years$6,794$5,116$3,799$2,786$2,023$1,060
27 years$6,472$4,815$3,527$2,550$1,824$927
28 years$6,174$4,537$3,279$2,337$1,646$811
29 years$5,897$4,280$3,052$2,143$1,486$710
30 years$5,639$4,042$2,842$1,967$1,343$621
31 years$5,398$3,821$2,650$1,806$1,214$544
32 years$5,172$3,616$2,472$1,660$1,098$477
33 years$4,961$3,424$2,309$1,526$994$418
34 years$4,762$3,245$2,157$1,404$900$366
35 years$4,575$3,078$2,017$1,293$815$321
36 years$4,399$2,922$1,886$1,191$738$281
37 years$4,233$2,775$1,766$1,097$669$247
38 years$4,076$2,637$1,654$1,011$607$216
39 years$3,928$2,508$1,549$932$550$190
40 years$3,787$2,386$1,452$860$499$167
41 years$3,653$2,271$1,362$793$453$146
42 years$3,527$2,163$1,277$732$411$128
43 years$3,406$2,061$1,198$676$373$113
44 years$3,291$1,964$1,125$624$338$99
45 years$3,182$1,873$1,056$576$307$87
46 years$3,077$1,787$992$532$279$76
47 years$2,978$1,705$932$492$253$67
48 years$2,883$1,628$876$455$230$59
49 years$2,792$1,555$823$420$209$51
50 years$2,704$1,485$774$388$190$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,770,000, adding $3,439 every year, while hoping to spend $47,814 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: 53/26/21 Blend
70$2,770,000$2,770,000$2,770,000$2,770,000
71$3,056,087$2,909,277$2,866,342$3,200,249
72$3,316,935$3,000,958$2,911,491$3,391,422
73$3,602,786$3,095,529$2,956,550$3,594,067
74$3,916,140$3,193,081$3,001,465$3,813,561
75$4,259,752$3,293,707$3,046,180$4,051,527
76$4,636,654$3,397,506$3,090,634$4,309,748
77$5,050,186$3,504,576$3,134,763$4,590,189
78$5,504,026$3,615,022$3,178,498$4,895,012
79$6,002,228$3,728,949$3,221,769$5,226,598
80$6,549,255$3,846,468$3,264,499$5,587,568
81$7,150,025$3,967,691$3,306,606$5,980,806
82$7,809,955$4,092,735$3,348,005$6,409,491
83$8,535,013$4,221,722$3,388,605$6,877,122
84$9,331,773$4,354,775$3,428,312$7,387,550
85$10,207,477$4,492,022$3,467,024$7,945,020
86$11,170,105$4,633,596$3,504,634$8,554,206
87$12,228,447$4,779,634$3,541,031$9,220,253
88$13,392,188$4,930,275$3,576,095$9,948,832
89$14,671,999$5,085,666$3,609,701$10,746,188
90$16,079,635$5,245,956$3,641,718$11,619,198
91$17,628,049$5,411,299$3,672,007$12,575,442
92$19,331,513$5,581,856$3,700,423$13,623,265
93$21,205,750$5,757,790$3,726,810$14,771,863
94$23,268,086$5,939,271$3,751,007$16,031,366
95$25,537,610$6,126,474$3,772,845$17,412,936
96$28,035,355$6,319,579$3,792,144$18,928,866
97$30,784,496$6,518,774$3,808,715$20,592,704
98$33,810,570$6,724,249$3,822,363$22,419,373
99$37,141,714$6,936,204$3,832,878$24,425,317
100$40,808,933$7,154,842$3,840,043$26,628,652