Can I retire at age 71 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$56,236$55,735$55,247$54,770$54,304$54,007
2 years$27,840$27,321$26,819$26,332$25,859$25,559
3 years$18,375$17,855$17,354$16,871$16,406$16,113
4 years$13,644$13,125$12,629$12,155$11,701$11,417
5 years$10,806$10,290$9,801$9,336$8,895$8,620
6 years$8,915$8,403$7,920$7,466$7,038$6,774
7 years$7,564$7,057$6,582$6,138$5,724$5,470
8 years$6,552$6,049$5,582$5,149$4,749$4,504
9 years$5,765$5,267$4,808$4,386$3,999$3,765
10 years$5,136$4,642$4,191$3,781$3,407$3,183
11 years$4,621$4,133$3,690$3,290$2,930$2,716
12 years$4,193$3,709$3,275$2,886$2,539$2,335
13 years$3,831$3,352$2,926$2,548$2,214$2,019
14 years$3,521$3,047$2,629$2,262$1,941$1,755
15 years$3,252$2,783$2,374$2,017$1,709$1,532
16 years$3,017$2,554$2,152$1,806$1,511$1,343
17 years$2,810$2,352$1,958$1,623$1,339$1,180
18 years$2,626$2,173$1,788$1,462$1,191$1,040
19 years$2,462$2,014$1,636$1,321$1,061$918
20 years$2,315$1,872$1,502$1,197$948$813
21 years$2,181$1,743$1,381$1,086$848$720
22 years$2,060$1,627$1,273$988$761$640
23 years$1,950$1,522$1,176$899$683$569
24 years$1,849$1,426$1,087$820$614$506
25 years$1,756$1,338$1,007$749$552$451
26 years$1,670$1,258$934$685$497$402
27 years$1,591$1,184$867$627$448$359
28 years$1,518$1,115$806$574$405$321
29 years$1,450$1,052$750$527$365$286
30 years$1,386$994$699$483$330$256
31 years$1,327$939$651$444$298$229
32 years$1,272$889$608$408$270$205
33 years$1,220$842$568$375$244$184
34 years$1,171$798$530$345$221$165
35 years$1,125$757$496$318$200$147
36 years$1,082$718$464$293$182$132
37 years$1,041$682$434$270$165$118
38 years$1,002$648$407$249$149$106
39 years$966$616$381$229$135$95
40 years$931$587$357$211$123$85
41 years$898$558$335$195$111$77
42 years$867$532$314$180$101$69
43 years$837$507$295$166$92$62
44 years$809$483$277$153$83$55
45 years$782$461$260$142$76$50
46 years$757$439$244$131$69$45
47 years$732$419$229$121$62$40
48 years$709$400$215$112$57$36
49 years$686$382$202$103$51$32
50 years$665$365$190$95$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $681,000, adding $5,881 every year, while hoping to spend $51,609 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: 56/34/10 Blend
70$681,000$681,000$681,000$681,000
71$756,528$720,435$709,880$796,717
72$778,783$700,825$678,749$804,943
73$801,577$678,524$644,846$807,685
74$824,912$653,346$608,023$809,438
75$848,788$625,094$568,126$810,114
76$873,200$593,560$524,994$809,621
77$898,144$558,522$478,458$807,859
78$923,612$519,747$428,345$804,723
79$949,595$476,989$374,468$800,100
80$976,078$429,986$316,638$793,869
81$1,003,047$378,464$254,654$785,901
82$1,030,479$322,130$188,306$776,057
83$1,058,351$260,678$117,378$764,191
84$1,086,633$193,781$41,640$750,145
85$1,115,290$121,097$0$733,751
86$1,144,281$42,262$0$719,009
87$1,173,559$0$0$706,560
88$1,203,070$0$0$707,905
89$1,232,749$0$0$725,133
90$1,262,525$0$0$742,386
91$1,292,315$0$0$759,613
92$1,322,026$0$0$776,754
93$1,351,551$0$0$793,743
94$1,380,770$0$0$810,505
95$1,409,547$0$0$826,953
96$1,437,729$0$0$842,994
97$1,465,145$0$0$858,518
98$1,491,601$0$0$873,407
99$1,516,882$0$0$887,525
100$1,540,746$0$0$900,722