Can I retire at age 71 with 601,000?

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 $601,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$49,630$49,188$48,757$48,336$47,925$46,041
2 years$24,569$24,112$23,668$23,238$22,821$20,947
3 years$16,217$15,757$15,315$14,889$14,479$12,672
4 years$12,041$11,583$11,145$10,727$10,326$8,602
5 years$9,537$9,081$8,649$8,239$7,850$6,211
6 years$7,868$7,416$6,990$6,589$6,211$4,660
7 years$6,676$6,228$5,809$5,417$5,052$3,587
8 years$5,782$5,338$4,926$4,544$4,191$2,811
9 years$5,088$4,648$4,243$3,871$3,529$2,233
10 years$4,533$4,097$3,699$3,337$3,007$1,791
11 years$4,078$3,647$3,257$2,904$2,586$1,448
12 years$3,700$3,274$2,890$2,547$2,241$1,178
13 years$3,381$2,958$2,582$2,249$1,954$963
14 years$3,107$2,689$2,320$1,996$1,713$790
15 years$2,870$2,456$2,095$1,780$1,508$650
16 years$2,663$2,254$1,899$1,594$1,333$536
17 years$2,480$2,076$1,728$1,432$1,182$443
18 years$2,318$1,918$1,578$1,291$1,051$367
19 years$2,173$1,778$1,444$1,166$937$304
20 years$2,043$1,652$1,325$1,056$837$253
21 years$1,925$1,539$1,219$959$749$210
22 years$1,818$1,436$1,124$872$671$175
23 years$1,721$1,343$1,037$794$602$145
24 years$1,631$1,259$959$724$542$121
25 years$1,549$1,181$889$661$487$101
26 years$1,474$1,110$824$605$439$84
27 years$1,404$1,045$765$553$396$70
28 years$1,339$984$711$507$357$58
29 years$1,279$929$662$465$322$49
30 years$1,223$877$617$427$291$41
31 years$1,171$829$575$392$263$34
32 years$1,122$784$536$360$238$28
33 years$1,076$743$501$331$216$24
34 years$1,033$704$468$305$195$20
35 years$993$668$438$281$177$16
36 years$955$634$409$258$160$14
37 years$918$602$383$238$145$11
38 years$884$572$359$219$132$10
39 years$852$544$336$202$119$8
40 years$822$518$315$187$108$7
41 years$793$493$295$172$98$6
42 years$765$469$277$159$89$5
43 years$739$447$260$147$81$4
44 years$714$426$244$135$73$3
45 years$690$406$229$125$67$3
46 years$668$388$215$116$61$2
47 years$646$370$202$107$55$2
48 years$625$353$190$99$50$2
49 years$606$337$179$91$45$1
50 years$587$322$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $601,000, adding $5,096 every year, while hoping to spend $34,436 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: 76/9/15 Blend
70$601,000$601,000$601,000$601,000
71$667,559$635,706$626,390$715,760
72$699,010$630,215$610,734$742,798
73$732,515$623,302$593,400$767,620
74$768,247$614,860$574,295$793,891
75$806,396$604,776$553,321$821,745
76$847,170$592,931$530,379$851,329
77$890,795$579,199$505,361$882,805
78$937,523$563,446$478,157$916,353
79$987,627$545,531$448,652$952,172
80$1,041,408$525,305$416,724$990,480
81$1,099,194$502,608$382,248$1,031,518
82$1,161,350$477,274$345,091$1,075,555
83$1,228,271$449,124$305,115$1,122,885
84$1,300,395$417,971$262,177$1,173,834
85$1,378,202$383,618$216,125$1,228,762
86$1,462,217$345,853$166,804$1,288,065
87$1,553,020$304,457$114,049$1,352,182
88$1,651,247$259,195$57,689$1,421,599
89$1,757,597$209,819$0$1,496,849
90$1,872,840$156,068$0$1,578,917
91$1,997,821$97,666$0$1,677,940
92$2,133,469$34,322$0$1,785,426
93$2,280,807$0$0$1,902,202
94$2,440,960$0$0$2,032,575
95$2,615,165$0$0$2,178,104
96$2,804,784$0$0$2,336,531
97$3,011,314$0$0$2,509,109
98$3,236,405$0$0$2,697,220
99$3,481,869$0$0$2,902,381
100$3,749,705$0$0$3,126,266