Can I retire at age 71 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$54,007$53,526$53,056$52,598$52,151$51,499
2 years$26,736$26,238$25,755$25,288$24,834$24,178
3 years$17,647$17,147$16,666$16,202$15,756$15,116
4 years$13,103$12,605$12,128$11,673$11,237$10,619
5 years$10,378$9,882$9,412$8,966$8,542$7,947
6 years$8,561$8,070$7,606$7,170$6,759$6,188
7 years$7,265$6,777$6,321$5,895$5,497$4,950
8 years$6,292$5,809$5,361$4,945$4,560$4,037
9 years$5,537$5,058$4,617$4,212$3,840$3,341
10 years$4,932$4,458$4,025$3,631$3,272$2,796
11 years$4,438$3,969$3,544$3,160$2,814$2,361
12 years$4,027$3,562$3,145$2,772$2,439$2,008
13 years$3,679$3,219$2,810$2,447$2,127$1,718
14 years$3,381$2,926$2,525$2,172$1,864$1,476
15 years$3,123$2,673$2,279$1,937$1,641$1,274
16 years$2,897$2,453$2,067$1,735$1,451$1,103
17 years$2,699$2,259$1,881$1,558$1,286$958
18 years$2,522$2,087$1,717$1,404$1,144$834
19 years$2,365$1,934$1,572$1,269$1,019$728
20 years$2,223$1,797$1,442$1,149$911$636
21 years$2,095$1,674$1,327$1,043$815$557
22 years$1,978$1,563$1,223$948$730$488
23 years$1,872$1,462$1,129$864$656$428
24 years$1,775$1,370$1,044$788$589$376
25 years$1,686$1,285$967$719$530$331
26 years$1,604$1,208$897$658$478$291
27 years$1,528$1,137$833$602$431$256
28 years$1,458$1,071$774$552$389$226
29 years$1,392$1,011$720$506$351$199
30 years$1,331$954$671$464$317$176
31 years$1,274$902$626$426$287$155
32 years$1,221$854$584$392$259$137
33 years$1,171$808$545$360$235$121
34 years$1,124$766$509$332$212$107
35 years$1,080$727$476$305$192$94
36 years$1,039$690$445$281$174$83
37 years$999$655$417$259$158$74
38 years$962$623$390$239$143$65
39 years$927$592$366$220$130$57
40 years$894$563$343$203$118$51
41 years$863$536$321$187$107$45
42 years$833$511$302$173$97$40
43 years$804$487$283$160$88$35
44 years$777$464$266$147$80$31
45 years$751$442$249$136$73$27
46 years$727$422$234$126$66$24
47 years$703$403$220$116$60$22
48 years$681$384$207$107$54$19
49 years$659$367$194$99$49$17
50 years$639$351$183$92$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $654,000, adding $2,126 every year, while hoping to spend $39,499 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: 42/49/9 Blend
70$654,000$654,000$654,000$654,000
71$722,901$688,239$678,102$751,270
72$754,610$679,936$658,792$762,971
73$788,230$669,902$637,511$771,488
74$823,913$658,012$614,151$779,814
75$861,828$644,130$588,601$787,949
76$902,157$628,115$560,742$795,893
77$945,101$609,816$530,450$803,651
78$990,879$589,075$497,598$811,230
79$1,039,732$565,723$462,051$818,643
80$1,091,923$539,582$423,668$825,907
81$1,147,741$510,463$382,303$833,045
82$1,207,503$478,168$337,802$840,088
83$1,271,555$442,484$290,005$847,073
84$1,340,278$403,191$238,745$854,045
85$1,414,090$360,051$183,846$861,062
86$1,493,449$312,816$125,128$868,190
87$1,578,860$261,223$62,398$875,510
88$1,670,875$204,994$0$883,117
89$1,770,101$143,835$0$891,557
90$1,877,204$77,436$0$906,948
91$1,992,919$5,470$0$923,461
92$2,118,050$0$0$941,291
93$2,253,484$0$0$999,703
94$2,400,192$0$0$1,066,241
95$2,559,245$0$0$1,138,451
96$2,731,820$0$0$1,216,874
97$2,919,211$0$0$1,302,109
98$3,122,841$0$0$1,394,813
99$3,344,277$0$0$1,495,710
100$3,585,240$0$0$1,605,594