Can I retire at age 71 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$53,181$52,707$52,245$51,794$51,353$51,030
2 years$26,327$25,837$25,362$24,901$24,454$24,128
3 years$17,377$16,885$16,411$15,954$15,515$15,195
4 years$12,903$12,412$11,943$11,494$11,065$10,756
5 years$10,219$9,731$9,268$8,829$8,412$8,113
6 years$8,431$7,946$7,490$7,060$6,656$6,368
7 years$7,153$6,673$6,224$5,805$5,413$5,136
8 years$6,196$5,720$5,279$4,869$4,491$4,225
9 years$5,452$4,980$4,546$4,148$3,782$3,527
10 years$4,857$4,390$3,964$3,575$3,222$2,979
11 years$4,370$3,908$3,490$3,112$2,771$2,539
12 years$3,965$3,508$3,097$2,729$2,401$2,180
13 years$3,623$3,170$2,767$2,410$2,094$1,883
14 years$3,329$2,881$2,486$2,139$1,836$1,634
15 years$3,075$2,632$2,245$1,908$1,616$1,425
16 years$2,853$2,415$2,035$1,708$1,428$1,247
17 years$2,657$2,224$1,852$1,535$1,267$1,094
18 years$2,484$2,055$1,690$1,383$1,126$963
19 years$2,328$1,905$1,548$1,250$1,004$849
20 years$2,189$1,770$1,420$1,132$897$750
21 years$2,063$1,649$1,306$1,027$802$664
22 years$1,948$1,539$1,204$934$719$589
23 years$1,844$1,439$1,112$851$646$523
24 years$1,748$1,349$1,028$776$580$465
25 years$1,660$1,266$952$708$522$413
26 years$1,579$1,189$883$648$470$368
27 years$1,505$1,119$820$593$424$328
28 years$1,435$1,055$762$543$383$292
29 years$1,371$995$709$498$346$261
30 years$1,311$940$661$457$312$233
31 years$1,255$888$616$420$282$208
32 years$1,202$841$575$386$255$186
33 years$1,153$796$537$355$231$166
34 years$1,107$754$501$327$209$149
35 years$1,064$716$469$301$189$133
36 years$1,023$679$439$277$172$119
37 years$984$645$411$255$156$106
38 years$948$613$384$235$141$95
39 years$913$583$360$217$128$85
40 years$880$555$338$200$116$76
41 years$849$528$317$184$105$68
42 years$820$503$297$170$96$61
43 years$792$479$279$157$87$55
44 years$765$457$262$145$79$49
45 years$740$435$246$134$71$44
46 years$715$415$231$124$65$40
47 years$692$396$217$114$59$35
48 years$670$378$204$106$53$32
49 years$649$361$191$98$49$28
50 years$629$345$180$90$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $644,000, adding $4,654 every year, while hoping to spend $48,487 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: 39/49/12 Blend
70$644,000$644,000$644,000$644,000
71$714,489$680,357$670,375$739,597
72$735,777$662,104$641,242$739,575
73$757,611$641,333$609,509$734,457
74$779,996$617,867$575,037$727,855
75$802,936$591,522$537,680$719,656
76$826,431$562,103$497,289$709,744
77$850,484$529,402$453,704$697,993
78$875,092$493,202$406,762$684,268
79$900,253$453,270$356,290$668,430
80$925,961$409,363$302,108$650,327
81$952,209$361,221$244,028$629,801
82$978,985$308,572$181,855$606,681
83$1,006,277$251,128$115,382$580,790
84$1,034,067$188,582$44,397$551,936
85$1,062,333$120,615$0$519,917
86$1,091,051$46,885$0$488,534
87$1,120,189$0$0$459,872
88$1,149,712$0$0$445,804
89$1,179,576$0$0$457,118
90$1,209,734$0$0$468,509
91$1,240,128$0$0$479,952
92$1,270,692$0$0$491,418
93$1,301,352$0$0$502,872
94$1,332,023$0$0$514,276
95$1,362,606$0$0$525,587
96$1,392,993$0$0$536,755
97$1,423,059$0$0$547,726
98$1,452,663$0$0$558,437
99$1,481,646$0$0$568,818
100$1,509,831$0$0$578,791