Can I retire at age 71 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$47,235$46,814$46,404$46,003$45,612$44,064
2 years$23,384$22,948$22,526$22,117$21,720$20,176
3 years$15,434$14,997$14,576$14,171$13,780$12,288
4 years$11,460$11,024$10,608$10,209$9,828$8,400
5 years$9,077$8,643$8,232$7,842$7,471$6,111
6 years$7,488$7,058$6,653$6,271$5,912$4,620
7 years$6,354$5,927$5,528$5,156$4,808$3,585
8 years$5,503$5,081$4,688$4,325$3,989$2,833
9 years$4,842$4,424$4,038$3,684$3,359$2,269
10 years$4,314$3,899$3,521$3,176$2,862$1,837
11 years$3,882$3,471$3,099$2,764$2,461$1,499
12 years$3,522$3,116$2,751$2,424$2,133$1,230
13 years$3,218$2,816$2,458$2,140$1,860$1,015
14 years$2,957$2,559$2,208$1,900$1,630$841
15 years$2,731$2,338$1,994$1,694$1,436$699
16 years$2,534$2,145$1,808$1,517$1,269$583
17 years$2,360$1,976$1,645$1,363$1,125$487
18 years$2,206$1,825$1,501$1,228$1,000$407
19 years$2,068$1,692$1,375$1,110$892$341
20 years$1,944$1,572$1,261$1,005$796$286
21 years$1,832$1,464$1,160$912$713$241
22 years$1,730$1,367$1,069$830$639$202
23 years$1,638$1,278$987$755$573$170
24 years$1,553$1,198$913$689$515$143
25 years$1,475$1,124$846$629$464$121
26 years$1,403$1,056$784$575$418$102
27 years$1,336$994$728$527$377$86
28 years$1,275$937$677$483$340$72
29 years$1,218$884$630$442$307$61
30 years$1,164$835$587$406$277$51
31 years$1,115$789$547$373$251$43
32 years$1,068$747$511$343$227$37
33 years$1,024$707$477$315$205$31
34 years$983$670$445$290$186$26
35 years$945$636$416$267$168$22
36 years$908$603$390$246$152$19
37 years$874$573$365$227$138$16
38 years$842$545$341$209$125$13
39 years$811$518$320$193$114$11
40 years$782$493$300$178$103$9
41 years$754$469$281$164$93$8
42 years$728$447$264$151$85$7
43 years$703$426$247$140$77$6
44 years$680$406$232$129$70$5
45 years$657$387$218$119$63$4
46 years$635$369$205$110$58$3
47 years$615$352$192$102$52$3
48 years$595$336$181$94$48$2
49 years$576$321$170$87$43$2
50 years$558$307$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $572,000, adding $2,583 every year, while hoping to spend $38,921 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: 50/23/27 Blend
70$572,000$572,000$572,000$572,000
71$633,008$602,692$593,826$659,713
72$656,164$590,813$572,308$666,744
73$680,376$577,046$548,764$670,287
74$705,713$561,260$523,086$673,370
75$732,246$543,312$495,160$675,966
76$760,054$523,053$464,866$678,049
77$789,221$500,325$432,081$679,593
78$819,840$474,959$396,675$680,573
79$852,012$446,780$358,511$680,963
80$885,843$415,599$317,448$680,738
81$921,454$381,218$273,337$679,875
82$958,973$343,428$226,024$678,351
83$998,540$302,007$175,348$676,145
84$1,040,308$256,723$121,138$673,237
85$1,084,443$207,326$63,221$669,611
86$1,131,129$153,557$1,411$665,253
87$1,180,562$95,139$0$660,153
88$1,232,960$31,782$0$672,900
89$1,288,560$0$0$686,538
90$1,347,622$0$0$710,045
91$1,410,428$0$0$743,627
92$1,477,289$0$0$779,412
93$1,548,544$0$0$817,584
94$1,624,565$0$0$858,348
95$1,705,759$0$0$901,928
96$1,792,573$0$0$948,567
97$1,885,496$0$0$998,535
98$1,985,065$0$0$1,052,125
99$2,091,868$0$0$1,109,662
100$2,206,551$0$0$1,171,499