Can I retire at age 71 with 539,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$44,510$44,114$43,727$43,349$42,981$42,674
2 years$22,035$21,624$21,227$20,841$20,467$20,158
3 years$14,544$14,132$13,735$13,353$12,985$12,683
4 years$10,799$10,388$9,996$9,620$9,261$8,968
5 years$8,553$8,145$7,757$7,389$7,040$6,757
6 years$7,056$6,651$6,269$5,909$5,571$5,299
7 years$5,987$5,585$5,209$4,858$4,530$4,269
8 years$5,186$4,788$4,418$4,075$3,758$3,508
9 years$4,563$4,168$3,805$3,471$3,165$2,925
10 years$4,065$3,674$3,317$2,992$2,697$2,467
11 years$3,658$3,271$2,921$2,604$2,319$2,100
12 years$3,319$2,936$2,592$2,284$2,010$1,801
13 years$3,032$2,653$2,316$2,017$1,753$1,553
14 years$2,786$2,412$2,081$1,790$1,536$1,347
15 years$2,574$2,203$1,879$1,597$1,353$1,173
16 years$2,388$2,021$1,703$1,430$1,196$1,025
17 years$2,224$1,862$1,550$1,284$1,060$898
18 years$2,079$1,720$1,415$1,158$943$789
19 years$1,949$1,594$1,295$1,046$840$695
20 years$1,832$1,481$1,189$947$750$613
21 years$1,726$1,380$1,093$860$672$542
22 years$1,630$1,288$1,008$782$602$480
23 years$1,543$1,205$930$712$540$425
24 years$1,463$1,129$861$649$486$377
25 years$1,390$1,059$797$593$437$335
26 years$1,322$996$739$542$394$298
27 years$1,259$937$686$496$355$265
28 years$1,201$883$638$455$320$236
29 years$1,147$833$594$417$289$210
30 years$1,097$787$553$383$261$187
31 years$1,050$744$516$351$236$167
32 years$1,006$704$481$323$214$149
33 years$965$666$449$297$193$133
34 years$927$631$420$273$175$119
35 years$890$599$392$252$159$106
36 years$856$568$367$232$144$95
37 years$824$540$344$213$130$85
38 years$793$513$322$197$118$76
39 years$764$488$301$181$107$68
40 years$737$464$283$167$97$60
41 years$711$442$265$154$88$54
42 years$686$421$249$142$80$48
43 years$663$401$233$132$73$43
44 years$640$382$219$121$66$39
45 years$619$364$206$112$60$35
46 years$599$348$193$104$54$31
47 years$579$332$181$96$49$28
48 years$561$317$170$88$45$25
49 years$543$302$160$82$41$22
50 years$526$289$151$76$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $539,000, adding $6,039 every year, while hoping to spend $35,547 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: 56/18/26 Blend
70$539,000$539,000$539,000$539,000
71$600,207$571,640$563,286$629,232
72$623,607$561,829$544,334$640,016
73$648,201$550,345$523,556$647,531
74$674,076$537,070$500,853$654,984
75$701,322$521,877$476,122$662,378
76$730,040$504,632$449,255$669,722
77$760,338$485,193$420,139$677,026
78$792,335$463,410$388,657$684,304
79$826,161$439,125$354,684$691,571
80$861,957$412,170$318,094$698,850
81$899,877$382,367$278,751$706,166
82$940,090$349,528$236,514$713,550
83$982,780$313,456$191,239$721,039
84$1,028,149$273,941$142,771$728,677
85$1,076,417$230,761$90,950$736,516
86$1,127,826$183,682$35,611$744,614
87$1,182,638$132,457$0$753,042
88$1,241,145$76,824$0$768,386
89$1,303,662$16,509$0$795,198
90$1,370,538$0$0$823,749
91$1,442,153$0$0$863,877
92$1,518,925$0$0$910,432
93$1,601,312$0$0$960,427
94$1,689,818$0$0$1,014,170
95$1,784,994$0$0$1,072,003
96$1,887,447$0$0$1,134,298
97$1,997,843$0$0$1,201,465
98$2,116,911$0$0$1,273,954
99$2,245,457$0$0$1,352,260
100$2,384,361$0$0$1,436,927