Can I retire at age 71 with 320,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$26,425$26,190$25,960$25,736$25,517$25,325
2 years$13,082$12,838$12,602$12,373$12,151$11,957
3 years$8,635$8,390$8,154$7,928$7,709$7,519
4 years$6,411$6,167$5,934$5,711$5,498$5,314
5 years$5,078$4,835$4,605$4,387$4,180$4,002
6 years$4,189$3,948$3,722$3,508$3,307$3,136
7 years$3,555$3,316$3,093$2,884$2,690$2,526
8 years$3,079$2,842$2,623$2,420$2,231$2,074
9 years$2,709$2,475$2,259$2,061$1,879$1,729
10 years$2,413$2,181$1,970$1,777$1,601$1,457
11 years$2,172$1,942$1,734$1,546$1,377$1,240
12 years$1,970$1,743$1,539$1,356$1,193$1,062
13 years$1,800$1,575$1,375$1,197$1,041$916
14 years$1,654$1,432$1,235$1,063$912$793
15 years$1,528$1,308$1,115$948$803$690
16 years$1,418$1,200$1,011$849$710$603
17 years$1,320$1,105$920$763$629$528
18 years$1,234$1,021$840$687$560$464
19 years$1,157$946$769$621$499$408
20 years$1,088$880$706$562$446$360
21 years$1,025$819$649$510$399$318
22 years$968$765$598$464$357$281
23 years$916$715$552$423$321$249
24 years$869$670$511$385$288$221
25 years$825$629$473$352$259$196
26 years$785$591$439$322$234$174
27 years$748$556$408$295$211$155
28 years$713$524$379$270$190$138
29 years$681$494$353$248$172$122
30 years$651$467$328$227$155$109
31 years$624$441$306$209$140$97
32 years$597$418$286$192$127$87
33 years$573$396$267$176$115$77
34 years$550$375$249$162$104$69
35 years$529$356$233$149$94$61
36 years$508$338$218$138$85$55
37 years$489$321$204$127$77$49
38 years$471$305$191$117$70$44
39 years$454$290$179$108$64$39
40 years$437$276$168$99$58$35
41 years$422$262$157$92$52$31
42 years$407$250$148$85$47$28
43 years$393$238$138$78$43$25
44 years$380$227$130$72$39$22
45 years$368$216$122$67$35$20
46 years$356$206$115$62$32$18
47 years$344$197$108$57$29$16
48 years$333$188$101$53$27$14
49 years$322$180$95$49$24$13
50 years$312$172$89$45$22$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $320,000, adding $3,745 every year, while hoping to spend $27,930 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: 29/42/29 Blend
70$320,000$320,000$320,000$320,000
71$356,503$339,543$334,583$363,575
72$363,149$326,463$316,074$356,400
73$369,537$311,807$296,009$346,026
74$375,611$295,466$274,307$334,321
75$381,308$277,329$250,881$321,190
76$386,559$257,276$225,643$306,530
77$391,286$235,180$198,500$290,234
78$395,402$210,909$169,355$272,186
79$398,810$184,321$138,105$252,263
80$401,403$155,266$104,646$230,332
81$403,060$123,589$68,866$206,253
82$403,649$89,122$30,650$179,876
83$403,022$51,689$0$151,040
84$401,014$11,106$0$122,708
85$397,443$0$0$101,887
86$392,107$0$0$94,095
87$384,782$0$0$90,771
88$375,219$0$0$86,701
89$363,143$0$0$81,795
90$348,249$0$0$75,956
91$330,200$0$0$69,075
92$308,622$0$0$61,031
93$283,103$0$0$51,691
94$253,186$0$0$40,909
95$218,365$0$0$28,520
96$178,082$0$0$14,347
97$131,719$0$0$0
98$78,595$0$0$0
99$17,956$0$0$0
100$0$0$0$0