Can I retire at age 71 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$56,649$56,145$55,652$55,172$54,703$54,199
2 years$28,044$27,522$27,016$26,525$26,049$25,541
3 years$18,510$17,986$17,481$16,995$16,526$16,031
4 years$13,744$13,222$12,722$12,244$11,787$11,307
5 years$10,886$10,366$9,873$9,404$8,960$8,498
6 years$8,980$8,464$7,978$7,521$7,090$6,645
7 years$7,620$7,108$6,630$6,183$5,766$5,339
8 years$6,600$6,093$5,623$5,187$4,783$4,374
9 years$5,807$5,305$4,843$4,418$4,028$3,637
10 years$5,174$4,676$4,222$3,808$3,432$3,059
11 years$4,655$4,163$3,717$3,315$2,952$2,596
12 years$4,224$3,737$3,299$2,907$2,558$2,219
13 years$3,859$3,377$2,947$2,567$2,231$1,908
14 years$3,546$3,069$2,648$2,278$1,955$1,649
15 years$3,276$2,804$2,391$2,032$1,722$1,431
16 years$3,039$2,573$2,168$1,819$1,522$1,246
17 years$2,831$2,369$1,973$1,635$1,349$1,088
18 years$2,646$2,189$1,801$1,473$1,200$953
19 years$2,480$2,029$1,648$1,331$1,069$836
20 years$2,331$1,885$1,513$1,206$955$735
21 years$2,197$1,756$1,392$1,094$855$647
22 years$2,075$1,639$1,283$995$766$571
23 years$1,964$1,533$1,184$906$688$504
24 years$1,862$1,437$1,095$826$618$445
25 years$1,769$1,348$1,014$755$556$394
26 years$1,682$1,267$941$690$501$349
27 years$1,603$1,192$874$632$452$309
28 years$1,529$1,124$812$579$408$274
29 years$1,460$1,060$756$531$368$243
30 years$1,396$1,001$704$487$333$216
31 years$1,337$946$656$447$301$192
32 years$1,281$895$612$411$272$170
33 years$1,229$848$572$378$246$152
34 years$1,179$804$534$348$223$135
35 years$1,133$762$499$320$202$120
36 years$1,090$724$467$295$183$107
37 years$1,048$687$437$272$166$95
38 years$1,010$653$409$250$150$84
39 years$973$621$384$231$136$75
40 years$938$591$360$213$124$67
41 years$905$562$337$196$112$60
42 years$873$536$316$181$102$53
43 years$844$510$297$167$92$47
44 years$815$486$279$155$84$42
45 years$788$464$262$143$76$37
46 years$762$443$246$132$69$33
47 years$737$422$231$122$63$30
48 years$714$403$217$113$57$26
49 years$691$385$204$104$52$24
50 years$670$368$192$96$47$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $686,000, adding $5,576 every year, while hoping to spend $28,556 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: 59/34/7 Blend
70$686,000$686,000$686,000$686,000
71$761,724$725,366$714,733$805,218
72$809,036$730,525$708,293$840,216
73$860,217$734,980$700,680$874,607
74$915,632$738,667$691,825$911,388
75$975,680$741,516$681,655$950,792
76$1,040,803$743,453$670,095$993,071
77$1,111,485$744,403$657,063$1,038,509
78$1,188,259$744,281$642,477$1,087,416
79$1,271,712$743,001$626,250$1,140,135
80$1,362,487$740,468$608,290$1,197,047
81$1,461,294$736,585$588,501$1,258,570
82$1,568,915$731,246$566,785$1,325,168
83$1,686,208$724,341$543,036$1,397,352
84$1,814,119$715,751$517,145$1,475,687
85$1,953,688$705,352$488,998$1,560,797
86$2,106,060$693,011$458,476$1,653,370
87$2,272,498$678,587$425,454$1,754,168
88$2,454,387$661,933$389,802$1,864,031
89$2,653,258$642,891$351,383$1,983,886
90$2,870,792$621,294$310,056$2,114,758
91$3,108,842$596,966$265,672$2,257,778
92$3,369,447$569,721$218,076$2,414,194
93$3,654,855$539,362$167,105$2,585,386
94$3,967,538$505,679$112,591$2,772,875
95$4,310,222$468,452$54,358$2,978,340
96$4,685,906$427,448$0$3,203,638
97$5,097,895$382,420$0$3,451,395
98$5,549,829$333,107$0$3,727,659
99$6,045,717$279,234$0$4,030,876
100$6,589,974$220,511$0$4,363,812