Can I retire at age 71 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$52,768$52,298$51,839$51,392$50,955$48,914
2 years$26,123$25,636$25,165$24,708$24,264$22,234
3 years$17,242$16,754$16,283$15,830$15,394$13,438
4 years$12,803$12,316$11,850$11,405$10,979$9,112
5 years$10,140$9,656$9,196$8,760$8,346$6,573
6 years$8,365$7,885$7,432$7,005$6,604$4,926
7 years$7,098$6,621$6,176$5,760$5,371$3,787
8 years$6,148$5,676$5,238$4,832$4,456$2,965
9 years$5,410$4,942$4,511$4,115$3,752$2,352
10 years$4,819$4,356$3,933$3,548$3,197$1,884
11 years$4,336$3,878$3,463$3,087$2,750$1,521
12 years$3,934$3,481$3,073$2,708$2,383$1,236
13 years$3,594$3,145$2,745$2,391$2,078$1,009
14 years$3,303$2,859$2,467$2,122$1,821$826
15 years$3,051$2,612$2,227$1,893$1,604$679
16 years$2,831$2,396$2,019$1,695$1,417$559
17 years$2,637$2,207$1,837$1,523$1,257$462
18 years$2,464$2,039$1,677$1,372$1,117$382
19 years$2,310$1,890$1,536$1,240$996$316
20 years$2,172$1,756$1,409$1,123$890$262
21 years$2,047$1,636$1,296$1,019$796$217
22 years$1,933$1,527$1,195$927$714$180
23 years$1,829$1,428$1,103$844$641$150
24 years$1,735$1,338$1,020$770$576$125
25 years$1,647$1,256$945$703$518$104
26 years$1,567$1,180$876$643$467$86
27 years$1,493$1,111$814$588$421$72
28 years$1,424$1,047$756$539$380$60
29 years$1,360$987$704$494$343$50
30 years$1,301$932$656$454$310$41
31 years$1,245$882$611$417$280$34
32 years$1,193$834$570$383$253$29
33 years$1,144$790$533$352$229$24
34 years$1,099$749$498$324$208$20
35 years$1,055$710$465$298$188$17
36 years$1,015$674$435$275$170$14
37 years$977$640$407$253$154$12
38 years$940$608$381$233$140$10
39 years$906$578$357$215$127$8
40 years$874$550$335$198$115$7
41 years$843$524$314$183$104$6
42 years$814$499$295$169$95$5
43 years$786$475$276$156$86$4
44 years$759$453$260$144$78$3
45 years$734$432$244$133$71$3
46 years$710$412$229$123$64$2
47 years$687$393$215$113$58$2
48 years$665$376$202$105$53$2
49 years$644$359$190$97$48$1
50 years$624$343$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $639,000, adding $4,573 every year, while hoping to spend $24,769 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: 50/45/5 Blend
70$639,000$639,000$639,000$639,000
71$708,895$675,028$665,124$743,266
72$754,848$681,750$661,051$773,871
73$804,659$687,972$656,012$804,055
74$858,693$693,642$649,948$836,255
75$917,356$698,707$642,798$870,666
76$981,092$703,109$634,497$907,501
77$1,050,389$706,786$624,977$946,998
78$1,125,784$709,675$614,170$989,418
79$1,207,870$711,705$602,001$1,035,052
80$1,297,297$712,803$588,393$1,084,219
81$1,394,782$712,891$573,264$1,137,272
82$1,501,114$711,886$556,532$1,194,603
83$1,617,158$709,699$538,107$1,256,644
84$1,743,872$706,238$517,897$1,323,873
85$1,882,306$701,403$495,806$1,396,816
86$2,033,618$695,088$471,732$1,476,057
87$2,199,082$687,183$445,570$1,562,240
88$2,380,102$677,568$417,210$1,656,076
89$2,578,222$666,119$386,536$1,758,352
90$2,795,144$652,702$353,428$1,869,937
91$3,032,741$637,177$317,761$1,991,790
92$3,293,077$619,394$279,402$2,124,970
93$3,578,423$599,197$238,214$2,270,649
94$3,891,282$576,418$194,054$2,430,118
95$4,234,410$550,880$146,773$2,604,806
96$4,610,844$522,397$96,213$2,796,290
97$5,023,926$490,770$42,213$3,006,309
98$5,477,340$455,792$0$3,236,786
99$5,975,143$417,240$0$3,490,665
100$6,521,804$374,881$0$3,771,924