Can I retire at age 71 with 636,000?

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 $636,000?

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$52,520$52,052$51,596$51,151$50,716$50,103
2 years$26,000$25,516$25,047$24,592$24,150$23,533
3 years$17,161$16,675$16,207$15,756$15,322$14,720
4 years$12,743$12,258$11,794$11,351$10,928$10,346
5 years$10,092$9,610$9,153$8,719$8,307$7,747
6 years$8,326$7,848$7,397$6,973$6,573$6,035
7 years$7,065$6,590$6,147$5,733$5,346$4,830
8 years$6,119$5,649$5,213$4,809$4,435$3,942
9 years$5,384$4,919$4,490$4,096$3,735$3,264
10 years$4,796$4,335$3,914$3,531$3,182$2,733
11 years$4,316$3,860$3,446$3,073$2,737$2,309
12 years$3,916$3,464$3,058$2,695$2,372$1,965
13 years$3,578$3,131$2,733$2,380$2,068$1,682
14 years$3,288$2,846$2,455$2,112$1,813$1,447
15 years$3,037$2,600$2,217$1,884$1,596$1,250
16 years$2,818$2,385$2,010$1,687$1,411$1,083
17 years$2,624$2,197$1,829$1,516$1,251$941
18 years$2,453$2,030$1,669$1,366$1,112$820
19 years$2,299$1,881$1,528$1,234$991$716
20 years$2,162$1,748$1,403$1,118$885$626
21 years$2,037$1,628$1,290$1,014$792$549
22 years$1,924$1,520$1,189$922$710$481
23 years$1,821$1,422$1,098$840$638$423
24 years$1,726$1,332$1,015$766$573$372
25 years$1,640$1,250$940$700$516$327
26 years$1,560$1,175$872$640$465$288
27 years$1,486$1,106$810$586$419$254
28 years$1,418$1,042$753$537$378$224
29 years$1,354$983$701$492$341$197
30 years$1,295$928$653$452$308$174
31 years$1,239$877$608$415$279$154
32 years$1,188$830$568$381$252$136
33 years$1,139$786$530$350$228$120
34 years$1,093$745$495$322$207$106
35 years$1,051$707$463$297$187$94
36 years$1,010$671$433$273$170$83
37 years$972$637$405$252$154$73
38 years$936$605$380$232$139$65
39 years$902$576$356$214$126$57
40 years$870$548$333$197$115$51
41 years$839$521$313$182$104$45
42 years$810$497$293$168$94$40
43 years$782$473$275$155$86$35
44 years$756$451$258$143$78$31
45 years$731$430$243$132$71$28
46 years$707$410$228$122$64$24
47 years$684$392$214$113$58$22
48 years$662$374$201$104$53$19
49 years$641$357$189$96$48$17
50 years$621$341$178$89$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $636,000, adding $3,704 every year, while hoping to spend $52,236 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: 46/40/14 Blend
70$636,000$636,000$636,000$636,000
71$704,693$670,985$661,127$734,154
72$720,993$648,284$627,696$732,285
73$737,204$622,721$591,394$724,649
74$753,264$594,099$552,070$715,219
75$769,099$562,212$509,567$703,848
76$784,627$526,840$463,718$690,381
77$799,758$487,754$414,351$674,649
78$814,387$444,708$361,286$656,470
79$828,400$397,444$304,334$635,652
80$841,667$345,689$243,299$611,984
81$854,044$289,154$177,976$585,244
82$865,368$227,535$108,151$555,191
83$875,460$160,509$33,598$521,566
84$884,119$87,736$0$484,090
85$891,121$8,857$0$449,332
86$896,218$0$0$415,904
87$899,131$0$0$412,150
88$899,554$0$0$410,989
89$897,145$0$0$408,350
90$891,523$0$0$404,038
91$882,268$0$0$397,838
92$868,914$0$0$389,512
93$850,942$0$0$378,797
94$827,779$0$0$365,399
95$798,789$0$0$348,996
96$763,270$0$0$329,229
97$720,443$0$0$305,701
98$669,445$0$0$277,975
99$609,325$0$0$245,566
100$539,028$0$0$207,936