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%17.7%
1 years$45,584$45,178$44,781$44,395$44,017$42,642
2 years$22,566$22,146$21,739$21,344$20,961$19,588
3 years$14,895$14,473$14,066$13,675$13,298$11,970
4 years$11,060$10,639$10,237$9,852$9,484$8,212
5 years$8,759$8,341$7,944$7,567$7,210$5,996
6 years$7,226$6,811$6,420$6,052$5,705$4,551
7 years$6,132$5,720$5,335$4,975$4,640$3,545
8 years$5,311$4,903$4,525$4,174$3,849$2,813
9 years$4,673$4,269$3,897$3,555$3,241$2,263
10 years$4,163$3,763$3,397$3,065$2,762$1,840
11 years$3,746$3,350$2,991$2,667$2,375$1,508
12 years$3,399$3,007$2,655$2,339$2,058$1,244
13 years$3,105$2,717$2,372$2,065$1,795$1,031
14 years$2,854$2,470$2,131$1,833$1,573$858
15 years$2,636$2,256$1,924$1,635$1,385$717
16 years$2,446$2,070$1,744$1,464$1,224$601
17 years$2,278$1,906$1,587$1,315$1,086$504
18 years$2,129$1,762$1,449$1,185$965$424
19 years$1,996$1,633$1,326$1,071$860$357
20 years$1,876$1,517$1,217$970$769$302
21 years$1,768$1,413$1,120$880$688$255
22 years$1,670$1,319$1,032$801$616$215
23 years$1,580$1,234$953$729$553$182
24 years$1,498$1,156$881$665$497$154
25 years$1,423$1,085$816$607$448$131
26 years$1,354$1,020$757$555$403$111
27 years$1,290$960$703$508$363$94
28 years$1,230$904$653$466$328$80
29 years$1,175$853$608$427$296$67
30 years$1,124$806$566$392$268$57
31 years$1,076$761$528$360$242$49
32 years$1,031$721$493$331$219$41
33 years$989$682$460$304$198$35
34 years$949$647$430$280$179$30
35 years$912$613$402$258$162$25
36 years$877$582$376$237$147$21
37 years$844$553$352$219$133$18
38 years$812$526$330$202$121$15
39 years$783$500$309$186$110$13
40 years$755$475$289$171$99$11
41 years$728$453$271$158$90$9
42 years$703$431$255$146$82$8
43 years$679$411$239$135$74$7
44 years$656$391$224$124$67$6
45 years$634$373$210$115$61$5
46 years$613$356$198$106$56$4
47 years$593$340$186$98$50$4
48 years$574$324$175$91$46$3
49 years$556$310$164$84$42$3
50 years$539$296$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $552,000, adding $6,441 every year, while hoping to spend $33,290 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: 56/28/16 Blend
70$552,000$552,000$552,000$552,000
71$614,948$585,692$577,136$646,455
72$642,252$578,970$561,050$661,876
73$671,226$570,804$543,309$674,509
74$702,004$561,086$523,823$687,514
75$734,734$549,706$502,497$700,934
76$769,579$536,543$479,232$714,817
77$806,714$521,472$453,924$729,219
78$846,334$504,359$426,466$744,202
79$888,652$485,064$396,744$759,837
80$933,900$463,437$364,640$776,205
81$982,333$439,321$330,031$793,396
82$1,034,231$412,548$292,787$811,514
83$1,089,901$382,942$252,775$830,673
84$1,149,681$350,315$209,852$851,003
85$1,213,939$314,472$163,873$872,650
86$1,283,081$275,202$114,683$895,778
87$1,357,554$232,285$62,124$920,571
88$1,437,846$185,489$6,027$947,235
89$1,524,496$134,567$0$976,001
90$1,618,094$79,260$0$1,016,319
91$1,719,288$19,292$0$1,060,981
92$1,828,793$0$0$1,109,312
93$1,947,393$0$0$1,175,763
94$2,075,950$0$0$1,254,279
95$2,215,413$0$0$1,339,499
96$2,366,823$0$0$1,432,066
97$2,531,329$0$0$1,532,687
98$2,710,192$0$0$1,642,139
99$2,904,800$0$0$1,761,279
100$3,116,680$0$0$1,891,047