Can I retire at age 71 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$43,519$43,132$42,753$42,384$42,024$41,689
2 years$21,544$21,143$20,754$20,377$20,011$19,674
3 years$14,220$13,817$13,429$13,056$12,696$12,366
4 years$10,559$10,157$9,773$9,406$9,055$8,736
5 years$8,363$7,963$7,584$7,225$6,883$6,575
6 years$6,899$6,503$6,129$5,778$5,447$5,150
7 years$5,854$5,461$5,093$4,750$4,430$4,145
8 years$5,070$4,681$4,320$3,985$3,675$3,402
9 years$4,461$4,076$3,720$3,394$3,095$2,833
10 years$3,974$3,592$3,244$2,926$2,637$2,387
11 years$3,576$3,198$2,856$2,546$2,268$2,029
12 years$3,245$2,870$2,534$2,233$1,965$1,738
13 years$2,964$2,594$2,264$1,972$1,714$1,497
14 years$2,724$2,358$2,034$1,750$1,502$1,297
15 years$2,517$2,154$1,837$1,561$1,323$1,127
16 years$2,335$1,976$1,665$1,398$1,169$984
17 years$2,175$1,820$1,515$1,256$1,036$861
18 years$2,032$1,682$1,383$1,132$922$755
19 years$1,905$1,559$1,266$1,023$821$664
20 years$1,791$1,448$1,162$926$734$585
21 years$1,688$1,349$1,069$841$657$517
22 years$1,594$1,259$985$764$589$457
23 years$1,509$1,178$910$696$528$404
24 years$1,431$1,104$841$635$475$358
25 years$1,359$1,036$779$580$427$318
26 years$1,292$973$723$530$385$282
27 years$1,231$916$671$485$347$250
28 years$1,175$863$624$445$313$223
29 years$1,122$814$581$408$283$198
30 years$1,073$769$541$374$255$176
31 years$1,027$727$504$344$231$157
32 years$984$688$470$316$209$140
33 years$944$651$439$290$189$124
34 years$906$617$410$267$171$111
35 years$870$586$384$246$155$99
36 years$837$556$359$227$140$88
37 years$805$528$336$209$127$79
38 years$776$502$315$192$115$70
39 years$747$477$295$177$105$63
40 years$720$454$276$164$95$56
41 years$695$432$259$151$86$50
42 years$671$411$243$139$78$45
43 years$648$392$228$129$71$40
44 years$626$374$214$119$64$35
45 years$605$356$201$110$58$32
46 years$585$340$189$101$53$28
47 years$567$324$177$94$48$25
48 years$548$310$167$86$44$23
49 years$531$296$157$80$40$20
50 years$515$283$147$74$36$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $527,000, adding $4,535 every year, while hoping to spend $29,107 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: 71/23/6 Blend
70$527,000$527,000$527,000$527,000
71$585,432$557,501$549,332$626,225
72$614,176$553,849$536,765$650,110
73$644,877$549,042$522,802$672,189
74$677,703$542,994$507,364$695,542
75$712,839$535,611$490,372$720,288
76$750,489$526,796$471,739$746,555
77$790,874$516,445$451,378$774,488
78$834,240$504,447$429,195$804,245
79$880,854$490,686$405,095$836,003
80$931,010$475,039$378,974$869,955
81$985,032$457,374$350,729$906,317
82$1,043,274$437,555$320,248$945,325
83$1,106,128$415,434$287,415$987,244
84$1,174,019$390,858$252,110$1,032,363
85$1,247,421$363,661$214,208$1,081,003
86$1,326,849$333,672$173,575$1,133,519
87$1,412,873$300,707$130,075$1,190,304
88$1,506,119$264,574$83,565$1,251,792
89$1,607,273$225,068$33,894$1,318,463
90$1,717,091$181,973$0$1,390,846
91$1,836,407$135,062$0$1,470,750
92$1,966,134$84,094$0$1,559,996
93$2,107,279$28,814$0$1,657,136
94$2,260,950$0$0$1,762,973
95$2,428,365$0$0$1,886,250
96$2,610,866$0$0$2,028,609
97$2,809,928$0$0$2,183,912
98$3,027,176$0$0$2,353,431
99$3,264,399$0$0$2,538,563
100$3,523,565$0$0$2,740,849