Can I retire at age 71 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$44,097$43,704$43,321$42,947$42,582$42,296
2 years$21,830$21,424$21,030$20,648$20,277$19,989
3 years$14,409$14,001$13,608$13,229$12,865$12,583
4 years$10,699$10,292$9,903$9,531$9,175$8,902
5 years$8,474$8,069$7,685$7,321$6,975$6,711
6 years$6,991$6,589$6,211$5,854$5,519$5,265
7 years$5,932$5,533$5,161$4,813$4,488$4,244
8 years$5,138$4,743$4,377$4,038$3,724$3,489
9 years$4,521$4,130$3,770$3,439$3,136$2,911
10 years$4,027$3,640$3,287$2,965$2,672$2,457
11 years$3,624$3,241$2,894$2,580$2,298$2,093
12 years$3,288$2,909$2,568$2,263$1,991$1,796
13 years$3,004$2,629$2,294$1,998$1,736$1,550
14 years$2,761$2,389$2,061$1,774$1,522$1,345
15 years$2,550$2,183$1,861$1,582$1,340$1,172
16 years$2,366$2,003$1,687$1,416$1,184$1,024
17 years$2,204$1,844$1,536$1,272$1,050$898
18 years$2,059$1,704$1,402$1,147$934$790
19 years$1,931$1,579$1,283$1,036$832$696
20 years$1,815$1,468$1,178$938$743$615
21 years$1,710$1,367$1,083$852$665$544
22 years$1,615$1,276$998$774$596$482
23 years$1,529$1,194$922$705$535$427
24 years$1,450$1,118$853$643$481$379
25 years$1,377$1,049$790$587$433$337
26 years$1,310$986$732$537$390$300
27 years$1,248$928$680$492$352$267
28 years$1,190$875$632$450$317$238
29 years$1,137$825$588$413$286$212
30 years$1,087$779$548$379$259$189
31 years$1,041$737$511$348$234$169
32 years$997$697$477$320$212$151
33 years$956$660$445$294$192$135
34 years$918$626$416$271$173$120
35 years$882$593$389$249$157$108
36 years$848$563$364$230$142$96
37 years$816$535$340$211$129$86
38 years$786$508$319$195$117$77
39 years$757$483$299$180$106$69
40 years$730$460$280$166$96$62
41 years$704$438$262$153$87$55
42 years$680$417$246$141$79$49
43 years$657$397$231$130$72$44
44 years$634$379$217$120$65$40
45 years$613$361$204$111$59$35
46 years$593$344$191$103$54$32
47 years$574$329$180$95$49$28
48 years$556$314$169$88$44$25
49 years$538$300$159$81$40$23
50 years$521$286$149$75$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $534,000, adding $4,240 every year, while hoping to spend $40,207 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: 44/45/11 Blend
70$534,000$534,000$534,000$534,000
71$592,842$564,540$556,263$616,878
72$610,531$549,422$532,117$618,904
73$628,678$532,216$505,816$616,686
74$647,286$512,777$477,243$613,382
75$666,358$490,952$446,279$608,908
76$685,896$466,578$412,800$603,175
77$705,901$439,485$376,672$596,086
78$726,374$409,490$337,762$587,541
79$747,311$376,403$295,924$577,433
80$768,710$340,019$251,010$565,646
81$790,565$300,126$202,865$552,060
82$812,867$256,497$151,326$536,545
83$835,606$208,893$96,222$518,965
84$858,770$157,060$37,377$499,172
85$882,340$100,732$0$477,014
86$906,299$39,628$0$455,308
87$930,621$0$0$435,772
88$955,278$0$0$426,999
89$980,236$0$0$437,961
90$1,005,457$0$0$449,014
91$1,030,896$0$0$460,136
92$1,056,500$0$0$471,299
93$1,082,210$0$0$482,475
94$1,107,958$0$0$493,628
95$1,133,666$0$0$504,720
96$1,159,246$0$0$515,707
97$1,184,599$0$0$526,539
98$1,209,612$0$0$537,160
99$1,234,157$0$0$547,507
100$1,258,093$0$0$557,509