Can I retire at age 71 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$59,952$59,418$58,897$58,389$57,892$56,631
2 years$29,679$29,127$28,591$28,072$27,568$26,303
3 years$19,590$19,035$18,500$17,986$17,490$16,262
4 years$14,546$13,992$13,463$12,958$12,474$11,292
5 years$11,520$10,970$10,448$9,953$9,483$8,349
6 years$9,504$8,958$8,444$7,959$7,503$6,421
7 years$8,064$7,523$7,017$6,544$6,102$5,070
8 years$6,985$6,449$5,951$5,489$5,062$4,080
9 years$6,146$5,615$5,125$4,676$4,263$3,331
10 years$5,475$4,949$4,468$4,031$3,632$2,749
11 years$4,927$4,406$3,934$3,508$3,124$2,288
12 years$4,470$3,954$3,491$3,077$2,707$1,917
13 years$4,084$3,574$3,119$2,716$2,361$1,615
14 years$3,753$3,248$2,803$2,411$2,069$1,367
15 years$3,467$2,967$2,530$2,150$1,822$1,161
16 years$3,216$2,723$2,294$1,925$1,610$990
17 years$2,996$2,507$2,088$1,730$1,428$845
18 years$2,800$2,317$1,906$1,559$1,270$724
19 years$2,625$2,147$1,745$1,409$1,132$621
20 years$2,467$1,995$1,601$1,276$1,011$533
21 years$2,325$1,859$1,473$1,158$905$459
22 years$2,196$1,735$1,357$1,053$811$395
23 years$2,078$1,623$1,253$959$728$341
24 years$1,971$1,520$1,159$875$654$294
25 years$1,872$1,427$1,074$799$589$254
26 years$1,781$1,341$996$730$530$219
27 years$1,696$1,262$925$668$478$190
28 years$1,618$1,189$859$612$431$164
29 years$1,545$1,122$800$562$390$142
30 years$1,478$1,059$745$515$352$123
31 years$1,415$1,002$695$473$318$106
32 years$1,356$948$648$435$288$92
33 years$1,300$897$605$400$260$80
34 years$1,248$851$565$368$236$69
35 years$1,199$807$529$339$214$60
36 years$1,153$766$494$312$194$52
37 years$1,110$727$463$288$175$45
38 years$1,068$691$433$265$159$39
39 years$1,029$657$406$244$144$34
40 years$993$625$381$225$131$29
41 years$958$595$357$208$119$25
42 years$924$567$335$192$108$22
43 years$893$540$314$177$98$19
44 years$863$515$295$164$89$17
45 years$834$491$277$151$81$14
46 years$807$468$260$140$73$12
47 years$780$447$244$129$66$11
48 years$756$427$230$119$60$9
49 years$732$407$216$110$55$8
50 years$709$389$203$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $726,000, adding $3,248 every year, while hoping to spend $52,251 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: 43/31/26 Blend
70$726,000$726,000$726,000$726,000
71$803,402$764,924$753,671$831,738
72$829,755$746,811$723,325$834,175
73$857,044$726,059$690,210$831,578
74$885,310$702,483$654,180$827,746
75$914,596$675,889$615,079$822,595
76$944,947$646,070$572,747$816,036
77$976,412$612,808$527,014$807,974
78$1,009,041$575,870$477,704$798,313
79$1,042,888$535,013$424,632$786,947
80$1,078,013$489,979$367,607$773,771
81$1,114,475$440,493$306,427$758,669
82$1,152,342$386,267$240,883$741,523
83$1,191,683$326,997$170,754$722,209
84$1,232,573$262,358$95,814$700,595
85$1,275,094$192,012$15,822$676,546
86$1,319,331$115,598$0$649,917
87$1,365,376$32,736$0$639,853
88$1,413,330$0$0$632,843
89$1,463,299$0$0$643,841
90$1,515,397$0$0$666,967
91$1,569,749$0$0$691,112
92$1,626,488$0$0$716,337
93$1,685,758$0$0$742,710
94$1,747,714$0$0$770,301
95$1,812,525$0$0$799,190
96$1,880,374$0$0$829,460
97$1,951,456$0$0$861,204
98$2,025,986$0$0$894,520
99$2,104,196$0$0$929,517
100$2,186,338$0$0$966,312