Can I retire at age 71 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$47,318$46,896$46,485$46,084$45,692$45,499
2 years$23,425$22,988$22,566$22,156$21,758$21,564
3 years$15,461$15,023$14,601$14,195$13,804$13,614
4 years$11,480$11,044$10,626$10,227$9,845$9,661
5 years$9,093$8,658$8,246$7,855$7,484$7,306
6 years$7,501$7,070$6,664$6,282$5,922$5,750
7 years$6,365$5,938$5,538$5,165$4,816$4,651
8 years$5,513$5,090$4,697$4,333$3,995$3,837
9 years$4,851$4,431$4,045$3,690$3,365$3,212
10 years$4,321$3,906$3,527$3,181$2,867$2,721
11 years$3,888$3,477$3,105$2,769$2,466$2,326
12 years$3,528$3,121$2,755$2,428$2,137$2,003
13 years$3,223$2,821$2,462$2,144$1,863$1,736
14 years$2,962$2,564$2,212$1,903$1,633$1,512
15 years$2,736$2,342$1,997$1,697$1,438$1,322
16 years$2,539$2,149$1,811$1,520$1,271$1,161
17 years$2,364$1,979$1,648$1,365$1,127$1,022
18 years$2,210$1,829$1,504$1,231$1,002$903
19 years$2,072$1,695$1,377$1,112$893$799
20 years$1,947$1,575$1,264$1,007$798$709
21 years$1,835$1,467$1,162$914$714$630
22 years$1,733$1,369$1,071$831$640$560
23 years$1,640$1,281$989$757$574$499
24 years$1,555$1,200$915$690$516$445
25 years$1,477$1,126$847$630$465$398
26 years$1,405$1,058$786$576$418$355
27 years$1,339$996$730$528$377$318
28 years$1,277$939$678$483$340$285
29 years$1,220$885$631$443$307$255
30 years$1,166$836$588$407$278$229
31 years$1,117$790$548$374$251$205
32 years$1,070$748$511$343$227$184
33 years$1,026$708$478$316$206$165
34 years$985$671$446$291$186$148
35 years$946$637$417$267$169$133
36 years$910$604$390$246$153$120
37 years$876$574$365$227$138$108
38 years$843$545$342$209$126$97
39 years$813$519$320$193$114$87
40 years$783$494$300$178$103$78
41 years$756$470$282$164$94$70
42 years$730$447$264$151$85$63
43 years$705$426$248$140$77$57
44 years$681$406$233$129$70$51
45 years$658$387$219$119$64$46
46 years$637$370$205$110$58$42
47 years$616$353$193$102$52$37
48 years$596$337$181$94$48$34
49 years$577$322$170$87$43$30
50 years$559$307$160$80$39$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $573,000, adding $6,683 every year, while hoping to spend $25,253 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: 48/43/9 Blend
70$573,000$573,000$573,000$573,000
71$638,340$607,971$599,089$667,114
72$676,581$610,892$592,290$690,494
73$717,877$613,110$584,416$712,668
74$762,512$614,564$575,405$736,160
75$810,799$615,189$565,192$761,099
76$863,083$614,916$553,709$787,631
77$919,742$613,670$540,882$815,917
78$981,191$611,376$526,637$846,133
79$1,047,889$607,950$510,896$878,478
80$1,120,338$603,304$493,575$913,171
81$1,199,092$597,345$474,590$950,455
82$1,284,760$589,976$453,850$990,599
83$1,378,013$581,092$431,260$1,033,901
84$1,479,587$570,582$406,724$1,080,693
85$1,590,293$558,329$380,138$1,131,342
86$1,711,024$544,209$351,394$1,186,254
87$1,842,764$528,090$320,381$1,245,879
88$1,986,593$509,834$286,981$1,310,716
89$2,143,703$489,293$251,072$1,381,317
90$2,315,404$466,312$212,526$1,458,293
91$2,503,140$440,725$171,210$1,542,322
92$2,708,498$412,359$126,984$1,634,151
93$2,933,230$381,029$79,703$1,734,610
94$3,179,260$346,541$29,214$1,844,616
95$3,448,712$308,688$0$1,965,184
96$3,743,920$267,253$0$2,099,804
97$4,067,458$222,007$0$2,250,498
98$4,422,158$172,705$0$2,415,845
99$4,811,143$119,092$0$2,597,381
100$5,237,848$60,897$0$2,796,802