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%11.8%
1 years$50,621$50,170$49,730$49,301$48,881$48,512
2 years$25,060$24,593$24,141$23,702$23,277$22,905
3 years$16,541$16,072$15,621$15,186$14,768$14,404
4 years$12,282$11,815$11,368$10,941$10,533$10,180
5 years$9,727$9,263$8,822$8,404$8,007$7,667
6 years$8,025$7,564$7,129$6,720$6,335$6,008
7 years$6,809$6,352$5,925$5,525$5,152$4,838
8 years$5,898$5,445$5,025$4,635$4,274$3,973
9 years$5,189$4,741$4,328$3,948$3,600$3,311
10 years$4,623$4,179$3,773$3,403$3,067$2,791
11 years$4,160$3,720$3,322$2,962$2,638$2,374
12 years$3,774$3,339$2,948$2,598$2,286$2,035
13 years$3,448$3,017$2,634$2,294$1,993$1,754
14 years$3,169$2,743$2,366$2,036$1,747$1,520
15 years$2,927$2,506$2,137$1,816$1,538$1,322
16 years$2,716$2,299$1,937$1,626$1,360$1,155
17 years$2,530$2,117$1,763$1,461$1,206$1,011
18 years$2,364$1,956$1,609$1,316$1,072$888
19 years$2,216$1,813$1,473$1,190$955$781
20 years$2,083$1,685$1,352$1,077$853$689
21 years$1,963$1,569$1,243$978$764$609
22 years$1,854$1,465$1,146$889$685$538
23 years$1,755$1,370$1,058$810$615$477
24 years$1,664$1,284$979$738$552$423
25 years$1,580$1,205$906$674$497$375
26 years$1,503$1,132$841$617$448$333
27 years$1,432$1,066$781$564$404$296
28 years$1,366$1,004$726$517$364$264
29 years$1,305$947$675$474$329$235
30 years$1,248$895$629$435$297$209
31 years$1,194$846$586$400$269$186
32 years$1,145$800$547$367$243$166
33 years$1,098$758$511$338$220$148
34 years$1,054$718$477$311$199$132
35 years$1,013$681$446$286$180$118
36 years$974$647$417$263$163$105
37 years$937$614$391$243$148$94
38 years$902$584$366$224$134$84
39 years$869$555$343$206$122$75
40 years$838$528$321$190$110$67
41 years$809$503$301$176$100$60
42 years$780$479$283$162$91$53
43 years$754$456$265$150$83$48
44 years$728$435$249$138$75$43
45 years$704$415$234$128$68$38
46 years$681$395$220$118$62$34
47 years$659$377$206$109$56$30
48 years$638$360$194$101$51$27
49 years$618$344$182$93$46$24
50 years$599$329$171$86$42$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $613,000, adding $5,486 every year, while hoping to spend $24,646 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: 66/27/7 Blend
70$613,000$613,000$613,000$613,000
71$681,185$648,696$639,194$724,943
72$724,443$654,259$634,384$760,276
73$771,286$659,268$628,587$795,414
74$822,056$663,671$621,743$833,163
75$877,126$667,411$613,792$873,773
76$936,906$670,427$604,667$917,521
77$1,001,849$672,656$594,301$964,714
78$1,072,451$674,030$582,624$1,015,689
79$1,149,260$674,476$569,561$1,070,817
80$1,232,876$673,918$555,033$1,130,509
81$1,323,963$672,274$538,960$1,195,218
82$1,423,249$669,457$521,257$1,265,443
83$1,531,536$665,375$501,835$1,341,734
84$1,649,706$659,932$480,600$1,424,700
85$1,778,731$653,024$457,455$1,515,011
86$1,919,681$644,541$432,298$1,613,406
87$2,073,732$634,367$405,024$1,720,701
88$2,242,180$622,379$375,520$1,837,796
89$2,426,454$608,447$343,672$1,965,685
90$2,628,125$592,433$309,357$2,105,462
91$2,848,922$574,190$272,448$2,258,335
92$3,090,751$553,565$232,815$2,425,636
93$3,355,711$530,393$190,317$2,608,837
94$3,646,113$504,502$144,812$2,809,558
95$3,964,501$475,707$96,148$3,029,587
96$4,313,679$443,816$44,168$3,270,898
97$4,696,735$408,623$0$3,535,666
98$5,117,068$369,912$0$3,827,136
99$5,578,426$327,454$0$4,150,685
100$6,084,933$281,008$0$4,505,943