Can I retire at age 71 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,282$50,825$50,379$49,944$49,519$49,269
2 years$25,387$24,914$24,456$24,012$23,581$23,328
3 years$16,757$16,282$15,825$15,384$14,961$14,714
4 years$12,442$11,969$11,516$11,084$10,670$10,431
5 years$9,854$9,384$8,937$8,513$8,111$7,880
6 years$8,129$7,662$7,222$6,808$6,418$6,195
7 years$6,898$6,435$6,002$5,597$5,220$5,005
8 years$5,975$5,516$5,090$4,695$4,330$4,124
9 years$5,257$4,803$4,384$4,000$3,647$3,449
10 years$4,683$4,233$3,822$3,448$3,107$2,918
11 years$4,214$3,769$3,365$3,000$2,672$2,492
12 years$3,824$3,383$2,986$2,632$2,316$2,143
13 years$3,493$3,057$2,668$2,323$2,019$1,855
14 years$3,210$2,779$2,397$2,063$1,770$1,613
15 years$2,965$2,538$2,164$1,839$1,559$1,409
16 years$2,751$2,329$1,962$1,647$1,377$1,236
17 years$2,563$2,145$1,786$1,480$1,221$1,087
18 years$2,395$1,982$1,630$1,334$1,086$958
19 years$2,245$1,837$1,492$1,205$968$847
20 years$2,111$1,707$1,370$1,091$865$750
21 years$1,989$1,590$1,260$991$774$665
22 years$1,879$1,484$1,161$901$694$591
23 years$1,778$1,388$1,072$820$623$526
24 years$1,686$1,300$991$748$560$468
25 years$1,601$1,220$918$683$504$418
26 years$1,523$1,147$852$625$454$373
27 years$1,451$1,079$791$572$409$333
28 years$1,384$1,017$735$524$369$298
29 years$1,322$960$684$480$333$266
30 years$1,264$906$637$441$301$238
31 years$1,210$857$594$405$272$213
32 years$1,160$811$554$372$246$191
33 years$1,112$768$518$342$223$171
34 years$1,068$728$484$315$202$154
35 years$1,026$690$452$290$183$138
36 years$986$655$423$267$166$123
37 years$949$622$396$246$150$111
38 years$914$591$371$227$136$99
39 years$881$562$347$209$123$89
40 years$849$535$326$193$112$80
41 years$819$509$305$178$102$72
42 years$791$485$286$164$92$65
43 years$764$462$269$152$84$58
44 years$738$440$252$140$76$52
45 years$713$420$237$129$69$47
46 years$690$401$222$119$63$42
47 years$668$382$209$110$57$38
48 years$646$365$196$102$52$34
49 years$626$349$185$94$47$31
50 years$606$333$174$87$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $621,000, adding $6,568 every year, while hoping to spend $36,779 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: 43/30/27 Blend
70$621,000$621,000$621,000$621,000
71$691,117$658,204$648,578$715,154
72$722,478$651,323$631,173$726,096
73$755,806$642,873$611,952$733,949
74$791,261$632,737$590,816$741,748
75$829,022$620,793$567,660$749,510
76$869,281$606,910$542,375$757,254
77$912,251$590,952$514,848$765,007
78$958,164$572,773$484,960$772,799
79$1,007,276$552,218$452,585$780,669
80$1,059,865$529,124$417,594$788,661
81$1,116,239$503,319$379,851$796,829
82$1,176,734$474,620$339,214$805,234
83$1,241,718$442,833$295,535$813,949
84$1,311,597$407,756$248,659$823,059
85$1,386,815$369,171$198,424$832,663
86$1,467,860$326,850$144,661$842,871
87$1,555,269$280,553$87,195$853,814
88$1,649,631$230,025$25,840$865,639
89$1,751,593$174,995$0$878,515
90$1,861,867$115,181$0$904,052
91$1,981,234$50,282$0$939,736
92$2,110,555$0$0$978,422
93$2,250,774$0$0$1,027,061
94$2,402,932$0$0$1,097,919
95$2,568,171$0$0$1,174,936
96$2,747,748$0$0$1,258,707
97$2,943,048$0$0$1,349,886
98$3,155,591$0$0$1,449,194
99$3,387,053$0$0$1,557,422
100$3,639,277$0$0$1,675,442