Can I retire at age 71 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$50,621$50,170$49,730$49,301$48,881$48,371
2 years$25,060$24,593$24,141$23,702$23,277$22,763
3 years$16,541$16,072$15,621$15,186$14,768$14,266
4 years$12,282$11,815$11,368$10,941$10,533$10,047
5 years$9,727$9,263$8,822$8,404$8,007$7,539
6 years$8,025$7,564$7,129$6,720$6,335$5,886
7 years$6,809$6,352$5,925$5,525$5,152$4,721
8 years$5,898$5,445$5,025$4,635$4,274$3,862
9 years$5,189$4,741$4,328$3,948$3,600$3,205
10 years$4,623$4,179$3,773$3,403$3,067$2,690
11 years$4,160$3,720$3,322$2,962$2,638$2,279
12 years$3,774$3,339$2,948$2,598$2,286$1,944
13 years$3,448$3,017$2,634$2,294$1,993$1,669
14 years$3,169$2,743$2,366$2,036$1,747$1,439
15 years$2,927$2,506$2,137$1,816$1,538$1,246
16 years$2,716$2,299$1,937$1,626$1,360$1,083
17 years$2,530$2,117$1,763$1,461$1,206$944
18 years$2,364$1,956$1,609$1,316$1,072$825
19 years$2,216$1,813$1,473$1,190$955$722
20 years$2,083$1,685$1,352$1,077$853$633
21 years$1,963$1,569$1,243$978$764$557
22 years$1,854$1,465$1,146$889$685$490
23 years$1,755$1,370$1,058$810$615$431
24 years$1,664$1,284$979$738$552$380
25 years$1,580$1,205$906$674$497$336
26 years$1,503$1,132$841$617$448$297
27 years$1,432$1,066$781$564$404$262
28 years$1,366$1,004$726$517$364$232
29 years$1,305$947$675$474$329$205
30 years$1,248$895$629$435$297$182
31 years$1,194$846$586$400$269$161
32 years$1,145$800$547$367$243$143
33 years$1,098$758$511$338$220$127
34 years$1,054$718$477$311$199$112
35 years$1,013$681$446$286$180$100
36 years$974$647$417$263$163$88
37 years$937$614$391$243$148$78
38 years$902$584$366$224$134$70
39 years$869$555$343$206$122$62
40 years$838$528$321$190$110$55
41 years$809$503$301$176$100$49
42 years$780$479$283$162$91$43
43 years$754$456$265$150$83$38
44 years$728$435$249$138$75$34
45 years$704$415$234$128$68$30
46 years$681$395$220$118$62$27
47 years$659$377$206$109$56$24
48 years$638$360$194$101$51$21
49 years$618$344$182$93$46$19
50 years$599$329$171$86$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $613,000, adding $3,915 every year, while hoping to spend $24,240 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: 45/44/11 Blend
70$613,000$613,000$613,000$613,000
71$679,564$647,075$637,574$707,855
72$723,089$652,991$633,141$733,788
73$770,240$658,384$627,748$759,104
74$821,363$663,203$621,336$786,011
75$876,836$667,394$613,845$814,664
76$937,076$670,899$605,211$845,236
77$1,002,540$673,655$595,368$877,919
78$1,073,733$675,598$584,247$912,924
79$1,151,209$676,658$571,774$950,485
80$1,235,578$676,760$557,875$990,862
81$1,327,512$675,826$542,468$1,034,344
82$1,427,749$673,772$525,472$1,081,247
83$1,537,102$670,510$506,798$1,131,926
84$1,656,467$665,945$486,356$1,186,769
85$1,786,828$659,978$464,050$1,246,209
86$1,929,270$652,502$439,781$1,310,723
87$2,084,987$643,406$413,446$1,380,840
88$2,255,294$632,571$384,934$1,457,145
89$2,441,637$619,870$354,132$1,540,283
90$2,645,611$605,171$320,923$1,630,972
91$2,868,970$588,332$285,181$1,730,001
92$3,113,648$569,202$246,777$1,838,246
93$3,381,772$547,625$205,576$1,956,673
94$3,675,686$523,433$161,436$2,086,351
95$3,997,972$496,447$114,211$2,228,463
96$4,351,474$466,481$63,745$2,384,315
97$4,739,323$433,337$9,879$2,555,348
98$5,164,968$396,805$0$2,743,160
99$5,632,209$356,663$0$2,955,099
100$6,145,232$312,677$0$3,189,125