Can I retire at age 71 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$230,396$228,343$226,341$224,387$222,479$214,414
2 years$114,057$111,933$109,874$107,878$105,942$97,906
3 years$75,283$73,149$71,096$69,119$67,214$59,459
4 years$55,899$53,773$51,740$49,796$47,938$40,522
5 years$44,272$42,158$40,152$38,248$36,441$29,386
6 years$36,524$34,425$32,449$30,587$28,835$22,143
7 years$30,991$28,910$26,965$25,148$23,450$17,122
8 years$26,843$24,782$22,869$21,096$19,454$13,483
9 years$23,619$21,577$19,697$17,969$16,383$10,762
10 years$21,041$19,019$17,172$15,489$13,960$8,678
11 years$18,933$16,931$15,118$13,480$12,006$7,052
12 years$17,178$15,197$13,417$11,824$10,404$5,767
13 years$15,694$13,733$11,987$10,439$9,072$4,739
14 years$14,423$12,483$10,770$9,266$7,953$3,910
15 years$13,323$11,404$9,724$8,264$7,002$3,236
16 years$12,361$10,463$8,816$7,400$6,189$2,685
17 years$11,513$9,636$8,023$6,648$5,487$2,233
18 years$10,760$8,904$7,324$5,992$4,879$1,860
19 years$10,087$8,252$6,704$5,414$4,349$1,552
20 years$9,482$7,668$6,153$4,903$3,884$1,296
21 years$8,936$7,143$5,660$4,450$3,476$1,084
22 years$8,440$6,667$5,216$4,046$3,116$907
23 years$7,987$6,236$4,816$3,685$2,797$759
24 years$7,573$5,843$4,454$3,361$2,514$636
25 years$7,193$5,483$4,125$3,069$2,262$533
26 years$6,843$5,153$3,826$2,806$2,038$447
27 years$6,519$4,850$3,553$2,569$1,837$375
28 years$6,218$4,570$3,303$2,354$1,658$315
29 years$5,939$4,311$3,074$2,158$1,497$264
30 years$5,679$4,071$2,863$1,981$1,353$222
31 years$5,436$3,849$2,669$1,819$1,223$186
32 years$5,209$3,642$2,490$1,672$1,106$156
33 years$4,996$3,449$2,325$1,537$1,001$131
34 years$4,797$3,269$2,173$1,415$906$110
35 years$4,608$3,100$2,031$1,302$821$93
36 years$4,431$2,943$1,900$1,199$744$78
37 years$4,264$2,795$1,778$1,105$674$65
38 years$4,106$2,656$1,665$1,018$611$55
39 years$3,956$2,526$1,560$939$554$46
40 years$3,814$2,403$1,463$866$503$39
41 years$3,680$2,287$1,371$799$456$33
42 years$3,552$2,178$1,286$738$414$27
43 years$3,431$2,076$1,207$681$376$23
44 years$3,315$1,978$1,133$629$341$19
45 years$3,205$1,887$1,064$581$309$16
46 years$3,100$1,800$999$536$281$14
47 years$2,999$1,718$939$495$255$11
48 years$2,903$1,640$882$458$232$10
49 years$2,812$1,566$829$423$210$8
50 years$2,724$1,496$780$391$191$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $2,790,000, adding $2,145 every year, while hoping to spend $20,387 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: 64/7/29 Blend
70$2,790,000$2,790,000$2,790,000$2,790,000
71$3,076,793$2,928,923$2,885,678$3,249,778
72$3,368,934$3,050,748$2,960,656$3,489,112
73$3,690,190$3,177,860$3,037,463$3,748,096
74$4,043,510$3,310,495$3,116,139$4,030,660
75$4,432,141$3,448,903$3,196,722$4,339,126
76$4,859,663$3,593,343$3,279,256$4,676,050
77$5,330,018$3,744,086$3,363,781$5,044,246
78$5,847,552$3,901,418$3,450,340$5,446,810
79$6,417,051$4,065,637$3,538,975$5,887,155
80$7,043,791$4,237,053$3,629,730$6,369,036
81$7,733,581$4,415,993$3,722,651$6,896,590
82$8,492,828$4,602,797$3,817,780$7,474,371
83$9,328,585$4,797,824$3,915,165$8,107,395
84$10,248,629$5,001,445$4,014,851$8,801,189
85$11,261,526$5,214,053$4,116,886$9,561,835
86$12,376,716$5,436,055$4,221,316$10,396,038
87$13,604,600$5,667,881$4,328,189$11,311,177
88$14,956,641$5,909,979$4,437,555$12,315,385
89$16,445,467$6,162,817$4,549,462$13,417,619
90$18,084,996$6,426,886$4,663,960$14,627,744
91$19,890,563$6,702,701$4,781,100$15,956,630
92$21,879,066$6,990,799$4,900,932$17,416,248
93$24,069,126$7,291,743$5,023,509$19,019,790
94$26,481,261$7,606,123$5,148,881$20,781,784
95$29,138,083$7,934,556$5,277,101$22,718,239
96$32,064,505$8,277,687$5,408,222$24,846,791
97$35,287,985$8,636,193$5,542,297$27,186,869
98$38,838,775$9,010,783$5,679,380$29,759,879
99$42,750,216$9,402,197$5,819,525$32,589,405
100$47,059,045$9,811,212$5,962,786$35,701,431