Can I retire at age 71 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$56,567$56,063$55,571$55,091$54,623$54,188
2 years$28,003$27,482$26,976$26,486$26,011$25,572
3 years$18,483$17,960$17,455$16,970$16,502$16,074
4 years$13,724$13,202$12,703$12,226$11,770$11,355
5 years$10,870$10,351$9,858$9,391$8,947$8,547
6 years$8,967$8,452$7,967$7,510$7,080$6,694
7 years$7,609$7,098$6,620$6,174$5,758$5,388
8 years$6,591$6,084$5,615$5,179$4,776$4,422
9 years$5,799$5,298$4,836$4,412$4,022$3,683
10 years$5,166$4,670$4,216$3,803$3,427$3,103
11 years$4,649$4,157$3,712$3,310$2,948$2,638
12 years$4,218$3,731$3,294$2,903$2,554$2,259
13 years$3,853$3,372$2,943$2,563$2,227$1,946
14 years$3,541$3,065$2,644$2,275$1,953$1,685
15 years$3,271$2,800$2,387$2,029$1,719$1,465
16 years$3,035$2,569$2,165$1,817$1,519$1,279
17 years$2,827$2,366$1,970$1,632$1,347$1,119
18 years$2,642$2,186$1,798$1,471$1,198$982
19 years$2,477$2,026$1,646$1,329$1,068$863
20 years$2,328$1,883$1,511$1,204$954$761
21 years$2,194$1,754$1,390$1,093$853$671
22 years$2,072$1,637$1,281$993$765$594
23 years$1,961$1,531$1,182$905$687$525
24 years$1,859$1,434$1,094$825$617$465
25 years$1,766$1,346$1,013$754$555$413
26 years$1,680$1,265$939$689$500$366
27 years$1,600$1,191$872$631$451$325
28 years$1,527$1,122$811$578$407$289
29 years$1,458$1,058$755$530$368$257
30 years$1,394$1,000$703$486$332$229
31 years$1,335$945$655$447$300$204
32 years$1,279$894$611$410$272$182
33 years$1,227$847$571$377$246$162
34 years$1,178$803$533$347$223$144
35 years$1,131$761$499$320$202$129
36 years$1,088$722$467$294$183$115
37 years$1,047$686$437$271$166$102
38 years$1,008$652$409$250$150$91
39 years$971$620$383$231$136$81
40 years$937$590$359$213$123$73
41 years$903$562$337$196$112$65
42 years$872$535$316$181$102$58
43 years$842$510$296$167$92$52
44 years$814$486$278$154$84$46
45 years$787$463$261$143$76$41
46 years$761$442$245$132$69$37
47 years$736$422$230$122$63$33
48 years$713$403$217$112$57$29
49 years$690$384$204$104$52$26
50 years$669$367$191$96$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $685,000, adding $4,256 every year, while hoping to spend $32,658 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: 85/5/10 Blend
70$685,000$685,000$685,000$685,000
71$759,260$722,955$712,338$822,332
72$801,957$723,632$701,453$864,857
73$847,914$723,248$689,109$906,710
74$897,430$721,715$675,223$951,680
75$950,831$718,943$659,707$1,000,061
76$1,008,479$714,834$642,470$1,052,173
77$1,070,767$709,285$623,416$1,108,373
78$1,138,131$702,185$602,446$1,169,051
79$1,211,047$693,419$579,455$1,234,638
80$1,290,041$682,863$554,333$1,305,607
81$1,375,689$670,388$526,968$1,382,481
82$1,468,627$655,854$497,238$1,465,835
83$1,569,552$639,116$465,021$1,556,302
84$1,679,231$620,017$430,184$1,654,579
85$1,798,510$598,395$392,592$1,761,435
86$1,928,317$574,076$352,103$1,877,716
87$2,069,674$546,875$308,568$2,004,356
88$2,223,707$516,598$261,831$2,142,382
89$2,391,654$483,040$211,731$2,292,926
90$2,574,877$445,983$158,098$2,457,235
91$2,774,875$405,197$100,755$2,636,685
92$2,993,301$360,440$39,519$2,832,791
93$3,231,970$311,454$0$3,047,220
94$3,492,884$257,969$0$3,284,569
95$3,778,247$199,697$0$3,548,788
96$4,090,482$136,336$0$3,837,912
97$4,432,261$67,567$0$4,154,424
98$4,806,525$0$0$4,501,063
99$5,216,512$0$0$4,881,226
100$5,665,790$0$0$5,301,904