Can I retire at age 71 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$50,786$50,334$49,892$49,462$49,041$48,448
2 years$25,142$24,673$24,220$23,780$23,353$22,756
3 years$16,595$16,124$15,672$15,236$14,816$14,234
4 years$12,322$11,853$11,405$10,977$10,567$10,004
5 years$9,759$9,293$8,851$8,431$8,033$7,491
6 years$8,051$7,588$7,153$6,742$6,356$5,836
7 years$6,831$6,373$5,944$5,543$5,169$4,671
8 years$5,917$5,463$5,041$4,650$4,288$3,812
9 years$5,206$4,756$4,342$3,961$3,611$3,156
10 years$4,638$4,192$3,785$3,414$3,077$2,643
11 years$4,173$3,732$3,332$2,971$2,646$2,233
12 years$3,787$3,350$2,957$2,606$2,293$1,900
13 years$3,459$3,027$2,642$2,301$2,000$1,627
14 years$3,179$2,752$2,374$2,043$1,753$1,399
15 years$2,937$2,514$2,144$1,822$1,544$1,208
16 years$2,725$2,306$1,943$1,631$1,364$1,047
17 years$2,538$2,124$1,768$1,466$1,210$910
18 years$2,372$1,963$1,614$1,321$1,075$793
19 years$2,224$1,819$1,478$1,193$959$692
20 years$2,090$1,690$1,356$1,081$856$606
21 years$1,970$1,574$1,248$981$766$530
22 years$1,860$1,470$1,150$892$687$465
23 years$1,761$1,375$1,062$812$617$409
24 years$1,669$1,288$982$741$554$359
25 years$1,586$1,209$909$677$499$316
26 years$1,508$1,136$843$619$449$278
27 years$1,437$1,069$783$566$405$245
28 years$1,371$1,007$728$519$365$216
29 years$1,309$950$678$476$330$191
30 years$1,252$897$631$437$298$169
31 years$1,198$848$588$401$270$149
32 years$1,148$803$549$369$244$131
33 years$1,101$760$513$339$221$116
34 years$1,057$721$479$312$200$103
35 years$1,016$683$448$287$181$91
36 years$977$649$419$264$164$80
37 years$940$616$392$244$149$71
38 years$905$585$367$225$135$63
39 years$872$557$344$207$122$56
40 years$841$530$322$191$111$49
41 years$811$504$302$176$101$43
42 years$783$480$284$163$91$38
43 years$756$458$266$150$83$34
44 years$731$436$250$139$75$30
45 years$706$416$235$128$68$27
46 years$683$397$220$118$62$24
47 years$661$379$207$109$56$21
48 years$640$361$194$101$51$19
49 years$620$345$183$93$46$16
50 years$600$330$172$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $615,000, adding $4,514 every year, while hoping to spend $34,310 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: 66/17/17 Blend
70$615,000$615,000$615,000$615,000
71$682,386$649,791$640,259$724,302
72$715,484$645,125$625,202$748,245
73$750,808$639,081$608,491$770,017
74$788,549$631,554$590,033$792,978
75$828,915$622,435$569,734$817,244
76$872,138$611,607$547,493$842,945
77$918,467$598,947$523,205$870,222
78$968,178$584,324$496,761$899,233
79$1,021,576$567,599$468,045$930,155
80$1,078,991$548,625$436,939$963,182
81$1,140,788$527,249$403,317$998,529
82$1,207,369$503,304$367,049$1,036,436
83$1,279,173$476,618$327,997$1,077,168
84$1,356,684$447,008$286,020$1,121,019
85$1,440,432$414,277$240,968$1,168,314
86$1,531,001$378,223$192,686$1,219,414
87$1,629,034$338,626$141,011$1,274,720
88$1,735,234$295,258$85,774$1,334,672
89$1,850,379$247,876$26,798$1,399,761
90$1,975,320$196,224$0$1,470,529
91$2,110,995$140,032$0$1,554,132
92$2,258,436$79,013$0$1,650,292
93$2,418,778$12,866$0$1,754,914
94$2,593,269$0$0$1,868,849
95$2,783,284$0$0$2,004,024
96$2,990,333$0$0$2,153,975
97$3,216,080$0$0$2,317,505
98$3,462,357$0$0$2,495,946
99$3,731,178$0$0$2,690,763
100$4,024,763$0$0$2,903,569