Can I retire at age 71 with 311,000?

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 $311,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$25,682$25,453$25,230$25,012$24,800$23,939
2 years$12,714$12,477$12,248$12,025$11,809$10,951
3 years$8,392$8,154$7,925$7,705$7,492$6,663
4 years$6,231$5,994$5,767$5,551$5,344$4,550
5 years$4,935$4,699$4,476$4,264$4,062$3,307
6 years$4,071$3,837$3,617$3,410$3,214$2,497
7 years$3,455$3,223$3,006$2,803$2,614$1,935
8 years$2,992$2,762$2,549$2,352$2,169$1,528
9 years$2,633$2,405$2,196$2,003$1,826$1,222
10 years$2,345$2,120$1,914$1,727$1,556$988
11 years$2,111$1,887$1,685$1,503$1,338$805
12 years$1,915$1,694$1,496$1,318$1,160$660
13 years$1,749$1,531$1,336$1,164$1,011$544
14 years$1,608$1,392$1,201$1,033$886$450
15 years$1,485$1,271$1,084$921$781$374
16 years$1,378$1,166$983$825$690$311
17 years$1,283$1,074$894$741$612$259
18 years$1,199$993$816$668$544$217
19 years$1,124$920$747$603$485$181
20 years$1,057$855$686$547$433$152
21 years$996$796$631$496$387$127
22 years$941$743$581$451$347$107
23 years$890$695$537$411$312$90
24 years$844$651$497$375$280$75
25 years$802$611$460$342$252$63
26 years$763$574$426$313$227$53
27 years$727$541$396$286$205$45
28 years$693$509$368$262$185$38
29 years$662$481$343$241$167$32
30 years$633$454$319$221$151$27
31 years$606$429$298$203$136$23
32 years$581$406$278$186$123$19
33 years$557$384$259$171$112$16
34 years$535$364$242$158$101$14
35 years$514$346$226$145$92$11
36 years$494$328$212$134$83$10
37 years$475$312$198$123$75$8
38 years$458$296$186$114$68$7
39 years$441$282$174$105$62$6
40 years$425$268$163$97$56$5
41 years$410$255$153$89$51$4
42 years$396$243$143$82$46$3
43 years$382$231$135$76$42$3
44 years$370$221$126$70$38$2
45 years$357$210$119$65$34$2
46 years$346$201$111$60$31$2
47 years$334$191$105$55$28$1
48 years$324$183$98$51$26$1
49 years$313$175$92$47$23$1
50 years$304$167$87$44$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $311,000, adding $4,529 every year, while hoping to spend $21,592 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: 63/17/20 Blend
70$311,000$311,000$311,000$311,000
71$347,394$330,911$326,090$367,225
72$359,854$324,152$314,040$374,372
73$372,862$316,338$300,863$379,343
74$386,450$307,394$286,498$384,272
75$400,654$297,243$270,882$389,156
76$415,513$285,800$253,949$393,994
77$431,067$272,976$235,629$398,784
78$447,364$258,680$215,850$403,528
79$464,451$242,811$194,537$408,224
80$482,382$225,266$171,611$412,876
81$501,214$205,933$146,989$417,488
82$521,011$184,696$120,586$422,063
83$541,839$161,432$92,311$426,609
84$563,775$136,010$62,072$431,134
85$586,898$108,293$29,769$435,651
86$611,297$78,134$0$440,173
87$637,067$45,381$0$445,722
88$664,313$9,870$0$458,158
89$693,150$0$0$471,172
90$723,702$0$0$490,162
91$756,105$0$0$512,272
92$790,510$0$0$535,758
93$827,077$0$0$560,735
94$865,987$0$0$587,324
95$907,434$0$0$615,661
96$951,631$0$0$645,894
97$998,814$0$0$678,185
98$1,049,237$0$0$712,712
99$1,103,183$0$0$749,668
100$1,160,960$0$0$789,269