Can I retire at age 71 with 552,000?

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 $552,000?

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$45,584$45,178$44,781$44,395$44,017$43,722
2 years$22,566$22,146$21,739$21,344$20,961$20,662
3 years$14,895$14,473$14,066$13,675$13,298$13,007
4 years$11,060$10,639$10,237$9,852$9,484$9,202
5 years$8,759$8,341$7,944$7,567$7,210$6,937
6 years$7,226$6,811$6,420$6,052$5,705$5,442
7 years$6,132$5,720$5,335$4,975$4,640$4,387
8 years$5,311$4,903$4,525$4,174$3,849$3,607
9 years$4,673$4,269$3,897$3,555$3,241$3,010
10 years$4,163$3,763$3,397$3,065$2,762$2,540
11 years$3,746$3,350$2,991$2,667$2,375$2,163
12 years$3,399$3,007$2,655$2,339$2,058$1,856
13 years$3,105$2,717$2,372$2,065$1,795$1,602
14 years$2,854$2,470$2,131$1,833$1,573$1,390
15 years$2,636$2,256$1,924$1,635$1,385$1,211
16 years$2,446$2,070$1,744$1,464$1,224$1,059
17 years$2,278$1,906$1,587$1,315$1,086$929
18 years$2,129$1,762$1,449$1,185$965$817
19 years$1,996$1,633$1,326$1,071$860$720
20 years$1,876$1,517$1,217$970$769$636
21 years$1,768$1,413$1,120$880$688$562
22 years$1,670$1,319$1,032$801$616$498
23 years$1,580$1,234$953$729$553$442
24 years$1,498$1,156$881$665$497$392
25 years$1,423$1,085$816$607$448$349
26 years$1,354$1,020$757$555$403$310
27 years$1,290$960$703$508$363$276
28 years$1,230$904$653$466$328$246
29 years$1,175$853$608$427$296$219
30 years$1,124$806$566$392$268$196
31 years$1,076$761$528$360$242$175
32 years$1,031$721$493$331$219$156
33 years$989$682$460$304$198$139
34 years$949$647$430$280$179$124
35 years$912$613$402$258$162$111
36 years$877$582$376$237$147$99
37 years$844$553$352$219$133$89
38 years$812$526$330$202$121$80
39 years$783$500$309$186$110$71
40 years$755$475$289$171$99$64
41 years$728$453$271$158$90$57
42 years$703$431$255$146$82$51
43 years$679$411$239$135$74$46
44 years$656$391$224$124$67$41
45 years$634$373$210$115$61$37
46 years$613$356$198$106$56$33
47 years$593$340$186$98$50$29
48 years$574$324$175$91$46$26
49 years$556$310$164$84$42$24
50 years$539$296$154$77$38$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $552,000, adding $4,601 every year, while hoping to spend $34,048 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: 38/41/21 Blend
70$552,000$552,000$552,000$552,000
71$613,050$583,794$575,238$632,339
72$639,354$576,173$558,282$639,096
73$667,200$567,038$539,616$642,852
74$696,710$556,277$519,148$646,216
75$728,015$543,776$496,780$649,174
76$761,261$529,409$472,411$651,711
77$796,606$513,047$445,933$653,813
78$834,224$494,550$417,236$655,470
79$874,304$473,772$386,203$656,673
80$917,055$450,559$352,712$657,416
81$962,703$424,745$316,637$657,697
82$1,011,499$396,158$277,845$657,516
83$1,063,717$364,614$236,197$656,879
84$1,119,655$329,920$191,549$655,798
85$1,179,644$291,870$143,750$654,289
86$1,244,043$250,247$92,641$652,375
87$1,313,250$204,823$38,059$650,090
88$1,387,699$155,357$0$647,473
89$1,467,867$101,592$0$649,100
90$1,554,279$43,260$0$659,906
91$1,647,510$0$0$671,471
92$1,748,194$0$0$692,920
93$1,857,026$0$0$737,261
94$1,974,770$0$0$785,296
95$2,102,266$0$0$837,374
96$2,240,439$0$0$893,881
97$2,390,302$0$0$955,242
98$2,552,974$0$0$1,021,922
99$2,729,682$0$0$1,094,435
100$2,921,778$0$0$1,173,345