Can I retire at age 71 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$52,438$51,971$51,515$51,070$50,636$50,045
2 years$25,959$25,476$25,007$24,553$24,112$23,517
3 years$17,134$16,649$16,181$15,731$15,298$14,717
4 years$12,723$12,239$11,776$11,334$10,911$10,349
5 years$10,076$9,595$9,139$8,705$8,294$7,753
6 years$8,313$7,835$7,385$6,962$6,563$6,043
7 years$7,053$6,580$6,137$5,724$5,337$4,840
8 years$6,110$5,640$5,205$4,801$4,428$3,952
9 years$5,376$4,911$4,483$4,090$3,729$3,274
10 years$4,789$4,329$3,908$3,525$3,177$2,743
11 years$4,309$3,854$3,441$3,068$2,732$2,319
12 years$3,910$3,459$3,054$2,691$2,368$1,975
13 years$3,572$3,126$2,728$2,376$2,065$1,692
14 years$3,283$2,841$2,451$2,109$1,810$1,456
15 years$3,032$2,595$2,213$1,881$1,594$1,258
16 years$2,813$2,381$2,007$1,684$1,409$1,091
17 years$2,620$2,193$1,826$1,513$1,249$949
18 years$2,449$2,027$1,667$1,364$1,110$827
19 years$2,296$1,878$1,526$1,232$990$723
20 years$2,158$1,745$1,400$1,116$884$633
21 years$2,034$1,626$1,288$1,013$791$555
22 years$1,921$1,517$1,187$921$709$487
23 years$1,818$1,419$1,096$839$637$428
24 years$1,724$1,330$1,014$765$572$377
25 years$1,637$1,248$939$699$515$332
26 years$1,557$1,173$871$639$464$292
27 years$1,484$1,104$809$585$418$258
28 years$1,415$1,040$752$536$377$228
29 years$1,352$981$700$491$341$201
30 years$1,293$927$652$451$308$177
31 years$1,237$876$607$414$278$157
32 years$1,186$829$567$381$252$139
33 years$1,137$785$529$350$228$123
34 years$1,092$744$494$322$206$108
35 years$1,049$706$462$296$187$96
36 years$1,009$670$432$273$169$85
37 years$970$636$405$251$153$75
38 years$934$605$379$232$139$67
39 years$900$575$355$214$126$59
40 years$868$547$333$197$114$52
41 years$838$521$312$182$104$46
42 years$808$496$293$168$94$41
43 years$781$472$275$155$85$36
44 years$754$450$258$143$78$32
45 years$729$429$242$132$70$28
46 years$705$410$227$122$64$25
47 years$683$391$214$113$58$22
48 years$661$373$201$104$53$20
49 years$640$356$189$96$48$18
50 years$620$340$177$89$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $635,000, adding $3,354 every year, while hoping to spend $55,430 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: 67/16/17 Blend
70$635,000$635,000$635,000$635,000
71$703,230$669,575$659,732$747,232
72$715,982$643,407$622,856$750,889
73$728,177$614,099$582,887$748,104
74$739,700$581,438$539,662$743,693
75$750,422$545,201$493,013$737,493
76$760,198$505,149$442,762$729,327
77$768,868$461,032$388,725$719,002
78$776,254$412,583$330,708$706,307
79$782,154$359,522$268,510$691,014
80$786,349$301,554$201,920$672,870
81$788,590$238,364$130,718$651,605
82$788,604$169,621$54,675$626,918
83$786,087$94,977$0$598,485
84$780,699$14,063$0$570,753
85$772,066$0$0$549,428
86$759,773$0$0$537,148
87$743,357$0$0$524,277
88$722,309$0$0$507,963
89$696,063$0$0$487,786
90$663,992$0$0$463,283
91$625,403$0$0$433,942
92$579,529$0$0$399,195
93$525,522$0$0$358,415
94$462,443$0$0$310,909
95$389,254$0$0$255,909
96$304,808$0$0$192,567
97$207,838$0$0$119,947
98$96,944$0$0$37,014
99$0$0$0$0
100$0$0$0$0