Can I retire at age 71 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$55,245$54,753$54,273$53,805$53,347$51,619
2 years$27,349$26,840$26,346$25,868$25,403$23,678
3 years$18,052$17,540$17,048$16,574$16,117$14,449
4 years$13,404$12,894$12,406$11,940$11,495$9,897
5 years$10,616$10,109$9,628$9,171$8,738$7,215
6 years$8,758$8,255$7,781$7,334$6,914$5,467
7 years$7,431$6,932$6,466$6,030$5,623$4,251
8 years$6,437$5,942$5,484$5,058$4,665$3,368
9 years$5,664$5,174$4,723$4,309$3,929$2,705
10 years$5,045$4,560$4,118$3,714$3,347$2,195
11 years$4,540$4,060$3,625$3,232$2,879$1,795
12 years$4,119$3,644$3,217$2,835$2,495$1,478
13 years$3,763$3,293$2,874$2,503$2,175$1,223
14 years$3,458$2,993$2,583$2,222$1,907$1,016
15 years$3,195$2,734$2,332$1,982$1,679$847
16 years$2,964$2,509$2,114$1,774$1,484$708
17 years$2,761$2,311$1,924$1,594$1,316$593
18 years$2,580$2,135$1,756$1,437$1,170$498
19 years$2,419$1,979$1,608$1,298$1,043$418
20 years$2,274$1,839$1,475$1,176$931$352
21 years$2,143$1,713$1,357$1,067$834$297
22 years$2,024$1,599$1,251$970$747$250
23 years$1,915$1,495$1,155$884$671$211
24 years$1,816$1,401$1,068$806$603$178
25 years$1,725$1,315$989$736$542$151
26 years$1,641$1,236$917$673$489$127
27 years$1,563$1,163$852$616$441$108
28 years$1,491$1,096$792$564$397$91
29 years$1,424$1,034$737$518$359$77
30 years$1,362$976$686$475$324$65
31 years$1,304$923$640$436$293$55
32 years$1,249$873$597$401$265$47
33 years$1,198$827$558$369$240$40
34 years$1,150$784$521$339$217$34
35 years$1,105$743$487$312$197$28
36 years$1,063$706$456$288$178$24
37 years$1,022$670$426$265$162$20
38 years$985$637$399$244$147$17
39 years$949$606$374$225$133$15
40 years$915$576$351$208$121$12
41 years$882$548$329$192$109$11
42 years$852$522$308$177$99$9
43 years$823$498$289$163$90$8
44 years$795$474$272$151$82$6
45 years$768$452$255$139$74$5
46 years$743$432$240$129$67$5
47 years$719$412$225$119$61$4
48 years$696$393$212$110$56$3
49 years$674$375$199$101$50$3
50 years$653$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $669,000, adding $3,373 every year, while hoping to spend $22,275 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: 50/40/10 Blend
70$669,000$669,000$669,000$669,000
71$740,717$705,260$694,891$775,622
72$792,570$716,118$694,469$810,715
73$848,965$726,760$693,287$846,187
74$910,343$737,155$691,295$884,219
75$977,186$747,264$688,442$925,055
76$1,050,028$757,049$684,674$968,968
77$1,129,455$766,468$679,935$1,016,258
78$1,216,112$775,478$674,165$1,067,254
79$1,310,708$784,029$667,302$1,122,322
80$1,414,026$792,072$659,282$1,181,865
81$1,526,925$799,552$650,037$1,246,326
82$1,650,353$806,412$639,495$1,316,197
83$1,785,353$812,590$627,582$1,392,018
84$1,933,073$818,020$614,219$1,474,387
85$2,094,776$822,633$599,326$1,563,962
86$2,271,857$826,356$582,816$1,661,472
87$2,465,847$829,108$564,601$1,767,718
88$2,678,435$830,806$544,587$1,883,586
89$2,911,481$831,361$522,677$2,010,053
90$3,167,033$830,678$498,767$2,148,198
91$3,447,346$828,657$472,752$2,299,211
92$3,754,906$825,192$444,519$2,464,404
93$4,092,448$820,168$413,953$2,645,225
94$4,462,988$813,467$380,930$2,843,274
95$4,869,846$804,960$345,324$3,060,312
96$5,316,680$794,512$307,002$3,298,286
97$5,807,519$781,981$265,825$3,559,341
98$6,346,803$767,215$221,647$3,845,844
99$6,939,421$750,054$174,317$4,160,408
100$7,590,762$730,326$123,676$4,505,914