Can I retire at age 71 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$43,932$43,541$43,159$42,786$42,422$42,067
2 years$21,749$21,343$20,951$20,570$20,201$19,843
3 years$14,355$13,948$13,557$13,180$12,816$12,467
4 years$10,659$10,253$9,866$9,495$9,141$8,802
5 years$8,442$8,039$7,656$7,293$6,949$6,622
6 years$6,964$6,564$6,187$5,832$5,498$5,184
7 years$5,909$5,513$5,142$4,795$4,472$4,170
8 years$5,119$4,725$4,361$4,023$3,710$3,420
9 years$4,504$4,114$3,756$3,426$3,124$2,847
10 years$4,012$3,627$3,274$2,954$2,662$2,397
11 years$3,610$3,229$2,883$2,570$2,289$2,037
12 years$3,276$2,898$2,558$2,255$1,984$1,743
13 years$2,993$2,619$2,286$1,990$1,730$1,501
14 years$2,750$2,380$2,054$1,767$1,516$1,299
15 years$2,540$2,174$1,854$1,576$1,335$1,128
16 years$2,357$1,995$1,681$1,411$1,180$984
17 years$2,195$1,837$1,530$1,268$1,046$861
18 years$2,052$1,698$1,396$1,142$930$755
19 years$1,923$1,574$1,278$1,032$829$663
20 years$1,808$1,462$1,173$935$741$584
21 years$1,704$1,362$1,079$849$663$515
22 years$1,609$1,271$995$772$594$455
23 years$1,523$1,189$918$703$533$402
24 years$1,444$1,114$849$641$479$356
25 years$1,372$1,045$787$585$431$316
26 years$1,305$983$730$535$389$280
27 years$1,243$925$677$490$350$248
28 years$1,186$871$630$449$316$221
29 years$1,132$822$586$412$285$196
30 years$1,083$776$546$378$258$174
31 years$1,037$734$509$347$233$155
32 years$993$694$475$319$211$138
33 years$953$658$443$293$191$123
34 years$915$623$414$270$173$109
35 years$879$591$387$248$157$97
36 years$845$561$362$229$142$87
37 years$813$533$339$211$129$77
38 years$783$506$318$194$117$69
39 years$754$482$298$179$106$62
40 years$727$458$279$165$96$55
41 years$702$436$261$152$87$49
42 years$677$415$245$141$79$44
43 years$654$396$230$130$72$39
44 years$632$377$216$120$65$35
45 years$611$360$203$111$59$31
46 years$591$343$191$102$54$28
47 years$572$328$179$94$49$25
48 years$554$313$168$87$44$22
49 years$536$299$158$81$40$20
50 years$519$285$149$75$36$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $532,000, adding $4,095 every year, while hoping to spend $26,879 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: 54/30/16 Blend
70$532,000$532,000$532,000$532,000
71$590,488$562,292$554,046$619,641
72$622,119$561,245$544,007$638,940
73$656,075$559,246$532,732$656,721
74$692,565$556,220$520,149$675,473
75$731,819$552,087$506,186$695,294
76$774,089$546,763$490,767$716,297
77$819,649$540,158$473,812$738,604
78$868,805$532,178$455,236$762,351
79$921,890$522,721$434,953$787,693
80$979,270$511,682$412,872$814,797
81$1,041,349$498,947$388,896$843,853
82$1,108,568$484,397$362,925$875,070
83$1,181,415$467,906$334,857$908,681
84$1,260,426$449,340$304,581$944,945
85$1,346,189$428,557$271,984$984,148
86$1,439,351$405,407$236,946$1,026,609
87$1,540,625$379,732$199,344$1,072,682
88$1,650,795$351,365$159,048$1,122,759
89$1,770,722$320,128$115,922$1,177,275
90$1,901,355$285,834$69,825$1,236,712
91$2,043,739$248,286$20,610$1,301,606
92$2,199,022$207,273$0$1,372,547
93$2,368,468$162,576$0$1,455,642
94$2,553,471$113,961$0$1,550,278
95$2,755,561$61,181$0$1,653,767
96$2,976,426$3,976$0$1,767,031
97$3,217,922$0$0$1,891,089
98$3,482,096$0$0$2,046,189
99$3,771,197$0$0$2,217,410
100$4,087,705$0$0$2,404,915