Can I retire at age 71 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$30,967$30,691$30,422$30,160$29,903$29,456
2 years$15,330$15,045$14,768$14,500$14,240$13,790
3 years$10,119$9,832$9,556$9,290$9,034$8,597
4 years$7,513$7,227$6,954$6,693$6,443$6,021
5 years$5,951$5,666$5,397$5,141$4,898$4,492
6 years$4,909$4,627$4,361$4,111$3,876$3,486
7 years$4,165$3,886$3,624$3,380$3,152$2,779
8 years$3,608$3,331$3,074$2,835$2,615$2,259
9 years$3,175$2,900$2,647$2,415$2,202$1,863
10 years$2,828$2,556$2,308$2,082$1,876$1,553
11 years$2,545$2,276$2,032$1,812$1,614$1,307
12 years$2,309$2,043$1,803$1,589$1,398$1,107
13 years$2,109$1,846$1,611$1,403$1,219$943
14 years$1,939$1,678$1,448$1,245$1,069$808
15 years$1,791$1,533$1,307$1,111$941$694
16 years$1,661$1,406$1,185$995$832$599
17 years$1,547$1,295$1,078$894$738$518
18 years$1,446$1,197$984$805$656$449
19 years$1,356$1,109$901$728$585$390
20 years$1,275$1,031$827$659$522$339
21 years$1,201$960$761$598$467$296
22 years$1,134$896$701$544$419$258
23 years$1,074$838$647$495$376$225
24 years$1,018$785$599$452$338$197
25 years$967$737$554$413$304$172
26 years$920$693$514$377$274$151
27 years$876$652$478$345$247$132
28 years$836$614$444$316$223$116
29 years$798$579$413$290$201$102
30 years$763$547$385$266$182$89
31 years$731$517$359$245$164$78
32 years$700$489$335$225$149$69
33 years$672$464$313$207$135$60
34 years$645$439$292$190$122$53
35 years$619$417$273$175$110$47
36 years$596$396$255$161$100$41
37 years$573$376$239$149$91$36
38 years$552$357$224$137$82$32
39 years$532$339$210$126$74$28
40 years$513$323$197$116$68$25
41 years$495$307$184$107$61$22
42 years$477$293$173$99$56$19
43 years$461$279$162$92$50$17
44 years$446$266$152$84$46$15
45 years$431$254$143$78$42$13
46 years$417$242$134$72$38$11
47 years$403$231$126$67$34$10
48 years$390$220$119$62$31$9
49 years$378$210$111$57$28$8
50 years$366$201$105$53$26$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $375,000, adding $4,852 every year, while hoping to spend $26,640 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: 76/12/12 Blend
70$375,000$375,000$375,000$375,000
71$418,255$398,380$392,567$448,694
72$432,572$389,556$377,374$460,605
73$447,457$379,406$360,778$469,813
74$462,939$367,839$342,705$479,163
75$479,050$354,754$323,077$488,658
76$495,825$340,049$301,812$498,304
77$513,299$323,612$278,823$508,108
78$531,514$305,327$254,022$518,077
79$550,511$285,070$227,314$528,219
80$570,336$262,712$198,603$538,545
81$591,040$238,114$167,785$549,066
82$612,674$211,130$134,754$559,795
83$635,298$181,606$99,400$570,748
84$658,974$149,380$61,605$581,943
85$683,769$114,280$21,248$593,399
86$709,757$76,123$0$605,140
87$737,017$34,718$0$619,985
88$765,637$0$0$638,256
89$795,709$0$0$658,619
90$827,335$0$0$684,861
91$860,627$0$0$712,490
92$895,705$0$0$741,608
93$932,701$0$0$772,323
94$971,759$0$0$804,756
95$1,013,033$0$0$839,037
96$1,056,695$0$0$875,309
97$1,102,932$0$0$913,727
98$1,151,946$0$0$954,462
99$1,203,959$0$0$997,700
100$1,259,215$0$0$1,043,643