Can I retire at age 71 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$55,080$54,590$54,111$53,644$53,188$52,328
2 years$27,267$26,760$26,267$25,790$25,327$24,464
3 years$17,998$17,488$16,997$16,524$16,069$15,228
4 years$13,364$12,855$12,369$11,905$11,460$10,649
5 years$10,584$10,079$9,599$9,144$8,712$7,932
6 years$8,732$8,230$7,757$7,312$6,893$6,146
7 years$7,409$6,912$6,447$6,012$5,606$4,892
8 years$6,417$5,924$5,467$5,043$4,651$3,969
9 years$5,647$5,158$4,709$4,296$3,917$3,267
10 years$5,030$4,547$4,105$3,703$3,337$2,719
11 years$4,526$4,048$3,614$3,223$2,870$2,283
12 years$4,107$3,633$3,208$2,827$2,487$1,931
13 years$3,752$3,283$2,866$2,496$2,169$1,642
14 years$3,448$2,984$2,575$2,215$1,901$1,403
15 years$3,185$2,726$2,325$1,976$1,674$1,203
16 years$2,955$2,501$2,108$1,769$1,479$1,036
17 years$2,752$2,304$1,918$1,589$1,312$894
18 years$2,572$2,129$1,751$1,432$1,166$773
19 years$2,412$1,973$1,603$1,294$1,040$670
20 years$2,267$1,833$1,471$1,172$929$582
21 years$2,136$1,708$1,353$1,064$831$506
22 years$2,018$1,594$1,247$967$745$440
23 years$1,910$1,491$1,151$881$669$384
24 years$1,811$1,397$1,065$803$601$335
25 years$1,720$1,311$986$734$541$292
26 years$1,636$1,232$915$671$487$255
27 years$1,558$1,159$849$614$439$223
28 years$1,487$1,093$790$563$396$195
29 years$1,420$1,031$735$516$358$171
30 years$1,358$973$684$474$323$150
31 years$1,300$920$638$435$292$131
32 years$1,245$871$595$400$264$115
33 years$1,194$824$556$368$239$101
34 years$1,147$781$519$338$217$88
35 years$1,102$741$486$311$196$77
36 years$1,059$703$454$287$178$68
37 years$1,019$668$425$264$161$59
38 years$982$635$398$243$146$52
39 years$946$604$373$225$132$46
40 years$912$574$350$207$120$40
41 years$880$547$328$191$109$35
42 years$849$521$308$176$99$31
43 years$820$496$289$163$90$27
44 years$792$473$271$150$81$24
45 years$766$451$254$139$74$21
46 years$741$430$239$128$67$18
47 years$717$411$224$118$61$16
48 years$694$392$211$109$55$14
49 years$672$374$198$101$50$12
50 years$651$358$186$93$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $667,000, adding $4,064 every year, while hoping to spend $36,615 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: 74/7/19 Blend
70$667,000$667,000$667,000$667,000
71$739,226$703,875$693,537$790,338
72$775,669$699,407$677,812$820,321
73$814,602$693,492$660,333$848,308
74$856,240$686,023$641,003$878,027
75$900,820$676,881$619,720$909,642
76$948,600$665,944$596,377$943,333
77$999,864$653,083$570,863$979,302
78$1,054,925$638,158$543,061$1,017,770
79$1,114,123$621,023$512,849$1,058,980
80$1,177,834$601,525$480,101$1,103,203
81$1,246,472$579,498$444,683$1,150,737
82$1,320,488$554,769$406,456$1,201,912
83$1,400,381$527,156$365,275$1,257,092
84$1,486,696$496,463$320,988$1,316,677
85$1,580,035$462,486$273,437$1,381,113
86$1,681,058$425,007$222,457$1,450,889
87$1,790,491$383,798$167,874$1,526,547
88$1,909,133$338,615$109,509$1,608,684
89$2,037,859$289,202$47,173$1,697,961
90$2,177,637$235,289$0$1,795,107
91$2,329,528$176,590$0$1,904,849
92$2,494,699$112,803$0$2,034,613
93$2,674,436$43,607$0$2,175,850
94$2,870,152$0$0$2,329,689
95$3,083,404$0$0$2,499,784
96$3,315,902$0$0$2,688,920
97$3,569,532$0$0$2,895,273
98$3,846,368$0$0$3,120,536
99$4,148,693$0$0$3,366,568
100$4,479,019$0$0$3,635,420