Can I retire at age 71 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$42,859$42,477$42,104$41,741$41,386$40,206
2 years$21,217$20,822$20,439$20,068$19,708$18,528
3 years$14,004$13,607$13,225$12,858$12,503$11,361
4 years$10,398$10,003$9,625$9,263$8,917$7,821
5 years$8,236$7,842$7,469$7,115$6,779$5,732
6 years$6,794$6,404$6,036$5,690$5,364$4,367
7 years$5,765$5,378$5,016$4,678$4,362$3,415
8 years$4,993$4,610$4,254$3,924$3,619$2,722
9 years$4,394$4,014$3,664$3,343$3,048$2,199
10 years$3,914$3,538$3,194$2,881$2,597$1,795
11 years$3,522$3,150$2,812$2,508$2,233$1,478
12 years$3,196$2,827$2,496$2,200$1,935$1,225
13 years$2,919$2,555$2,230$1,942$1,688$1,020
14 years$2,683$2,322$2,004$1,724$1,479$854
15 years$2,478$2,121$1,809$1,537$1,303$717
16 years$2,299$1,946$1,640$1,376$1,151$603
17 years$2,142$1,792$1,492$1,237$1,021$509
18 years$2,002$1,656$1,362$1,115$908$430
19 years$1,876$1,535$1,247$1,007$809$365
20 years$1,764$1,426$1,145$912$723$309
21 years$1,662$1,329$1,053$828$647$263
22 years$1,570$1,240$970$753$580$223
23 years$1,486$1,160$896$685$520$190
24 years$1,409$1,087$829$625$468$162
25 years$1,338$1,020$767$571$421$138
26 years$1,273$959$712$522$379$117
27 years$1,213$902$661$478$342$100
28 years$1,157$850$614$438$308$85
29 years$1,105$802$572$401$278$73
30 years$1,056$757$533$368$252$62
31 years$1,011$716$497$338$227$53
32 years$969$677$463$311$206$45
33 years$929$642$433$286$186$39
34 years$892$608$404$263$169$33
35 years$857$577$378$242$153$28
36 years$824$547$353$223$138$24
37 years$793$520$331$206$125$21
38 years$764$494$310$189$114$18
39 years$736$470$290$175$103$15
40 years$710$447$272$161$94$13
41 years$685$426$255$149$85$11
42 years$661$405$239$137$77$9
43 years$638$386$225$127$70$8
44 years$617$368$211$117$63$7
45 years$596$351$198$108$58$6
46 years$577$335$186$100$52$5
47 years$558$320$175$92$47$4
48 years$540$305$164$85$43$4
49 years$523$291$154$79$39$3
50 years$507$278$145$73$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $519,000, adding $5,073 every year, while hoping to spend $43,070 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: 60/22/18 Blend
70$519,000$519,000$519,000$519,000
71$577,171$549,664$541,619$608,826
72$590,216$530,771$513,937$611,925
73$603,148$509,509$483,885$610,091
74$615,911$485,717$451,336$607,100
75$628,439$459,222$416,161$602,845
76$640,661$429,845$378,224$597,213
77$652,496$397,395$337,381$590,078
78$663,852$361,668$293,485$581,307
79$674,627$322,453$246,379$570,755
80$684,708$279,522$195,902$558,262
81$693,967$232,637$141,884$543,660
82$702,262$181,547$84,147$526,762
83$709,436$125,985$22,509$507,369
84$715,310$65,670$0$485,264
85$719,689$306$0$468,521
86$722,354$0$0$453,727
87$723,063$0$0$453,367
88$721,546$0$0$451,585
89$717,503$0$0$448,108
90$710,601$0$0$442,716
91$700,473$0$0$435,165
92$686,710$0$0$425,183
93$668,859$0$0$412,471
94$646,418$0$0$396,695
95$618,833$0$0$377,488
96$585,488$0$0$354,442
97$545,703$0$0$327,106
98$498,725$0$0$294,983
99$443,723$0$0$257,520
100$379,775$0$0$214,108