Can I retire at age 71 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$53,263$52,789$52,326$51,874$51,433$50,727
2 years$26,368$25,877$25,401$24,940$24,492$23,782
3 years$17,404$16,911$16,436$15,979$15,539$14,847
4 years$12,923$12,431$11,961$11,512$11,082$10,414
5 years$10,235$9,746$9,282$8,842$8,425$7,782
6 years$8,444$7,959$7,502$7,071$6,666$6,049
7 years$7,165$6,684$6,234$5,814$5,421$4,831
8 years$6,206$5,729$5,287$4,877$4,498$3,933
9 years$5,460$4,988$4,554$4,154$3,788$3,249
10 years$4,864$4,397$3,970$3,581$3,227$2,714
11 years$4,377$3,914$3,495$3,116$2,775$2,288
12 years$3,971$3,513$3,102$2,734$2,405$1,942
13 years$3,628$3,175$2,771$2,413$2,097$1,658
14 years$3,334$2,886$2,490$2,142$1,839$1,422
15 years$3,080$2,636$2,248$1,911$1,619$1,225
16 years$2,858$2,419$2,038$1,711$1,431$1,059
17 years$2,662$2,228$1,855$1,537$1,269$917
18 years$2,488$2,058$1,693$1,385$1,128$797
19 years$2,332$1,908$1,550$1,252$1,005$694
20 years$2,192$1,773$1,422$1,134$898$605
21 years$2,066$1,651$1,308$1,029$804$528
22 years$1,951$1,541$1,206$935$720$462
23 years$1,847$1,442$1,113$852$647$405
24 years$1,751$1,351$1,030$777$581$355
25 years$1,663$1,268$954$710$523$311
26 years$1,582$1,191$885$649$471$273
27 years$1,507$1,121$821$594$425$240
28 years$1,438$1,056$764$544$383$211
29 years$1,373$997$711$499$346$185
30 years$1,313$941$662$458$313$163
31 years$1,257$890$617$421$283$144
32 years$1,204$842$576$387$256$126
33 years$1,155$797$538$355$231$111
34 years$1,109$756$502$327$210$98
35 years$1,065$717$470$301$190$86
36 years$1,024$680$439$277$172$76
37 years$986$646$411$255$156$67
38 years$949$614$385$235$141$59
39 years$915$584$361$217$128$52
40 years$882$556$338$200$116$46
41 years$851$529$317$185$105$41
42 years$821$504$297$171$96$36
43 years$793$480$279$157$87$32
44 years$766$457$262$145$79$28
45 years$741$436$246$134$72$25
46 years$717$416$231$124$65$22
47 years$693$397$217$115$59$19
48 years$671$379$204$106$54$17
49 years$650$362$192$98$49$15
50 years$630$346$180$90$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $645,000, adding $5,822 every year, while hoping to spend $52,131 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: 61/20/19 Blend
70$645,000$645,000$645,000$645,000
71$716,795$682,610$672,613$756,663
72$734,442$660,591$639,678$762,257
73$752,140$635,746$603,893$762,052
74$769,842$607,881$565,107$760,630
75$787,491$576,792$523,163$757,881
76$805,022$542,262$477,896$753,682
77$822,363$504,062$429,135$747,905
78$839,433$461,949$376,699$740,408
79$856,139$415,669$320,403$731,039
80$872,378$364,950$260,050$719,634
81$888,035$309,507$195,435$706,014
82$902,979$249,037$126,347$689,987
83$917,065$183,221$52,561$671,346
84$930,129$111,723$0$649,864
85$941,992$34,187$0$630,605
86$952,449$0$0$619,713
87$961,276$0$0$617,239
88$968,222$0$0$620,995
89$973,005$0$0$623,271
90$975,317$0$0$623,854
91$974,811$0$0$622,513
92$971,103$0$0$618,988
93$963,769$0$0$612,993
94$952,335$0$0$604,209
95$936,278$0$0$592,282
96$915,018$0$0$576,822
97$887,912$0$0$557,395
98$854,246$0$0$533,521
99$813,234$0$0$504,668
100$764,001$0$0$470,250