Can I retire at age 71 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$60,118$59,582$59,060$58,550$58,052$56,996
2 years$29,761$29,207$28,670$28,149$27,644$26,584
3 years$19,644$19,087$18,551$18,035$17,538$16,508
4 years$14,586$14,031$13,501$12,993$12,508$11,515
5 years$11,552$11,000$10,477$9,980$9,509$8,555
6 years$9,530$8,983$8,467$7,981$7,524$6,610
7 years$8,087$7,544$7,036$6,562$6,119$5,246
8 years$7,004$6,466$5,967$5,505$5,076$4,245
9 years$6,163$5,630$5,139$4,689$4,275$3,484
10 years$5,490$4,963$4,481$4,042$3,642$2,891
11 years$4,940$4,418$3,945$3,517$3,133$2,419
12 years$4,482$3,965$3,501$3,085$2,715$2,039
13 years$4,095$3,583$3,128$2,724$2,367$1,729
14 years$3,763$3,257$2,810$2,418$2,075$1,472
15 years$3,476$2,976$2,537$2,156$1,827$1,258
16 years$3,225$2,730$2,300$1,931$1,615$1,079
17 years$3,004$2,514$2,093$1,735$1,432$928
18 years$2,808$2,323$1,911$1,563$1,273$800
19 years$2,632$2,153$1,749$1,413$1,135$691
20 years$2,474$2,001$1,606$1,279$1,014$597
21 years$2,332$1,864$1,477$1,161$907$517
22 years$2,202$1,740$1,361$1,056$813$449
23 years$2,084$1,627$1,257$962$730$390
24 years$1,976$1,525$1,162$877$656$338
25 years$1,877$1,431$1,076$801$590$294
26 years$1,785$1,345$998$732$532$256
27 years$1,701$1,265$927$670$479$223
28 years$1,623$1,192$862$614$433$194
29 years$1,550$1,125$802$563$391$169
30 years$1,482$1,062$747$517$353$148
31 years$1,419$1,004$696$475$319$129
32 years$1,359$950$650$436$289$112
33 years$1,304$900$607$401$261$98
34 years$1,252$853$567$369$236$86
35 years$1,202$809$530$340$214$75
36 years$1,156$768$496$313$194$65
37 years$1,113$729$464$288$176$57
38 years$1,071$693$435$266$159$50
39 years$1,032$659$407$245$145$43
40 years$995$627$382$226$131$38
41 years$960$597$358$209$119$33
42 years$927$568$336$192$108$29
43 years$895$542$315$178$98$25
44 years$865$516$296$164$89$22
45 years$836$492$278$151$81$19
46 years$809$470$261$140$73$17
47 years$783$448$245$129$67$15
48 years$758$428$230$119$60$13
49 years$734$409$216$110$55$11
50 years$711$390$203$102$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $728,000, adding $5,936 every year, while hoping to spend $31,426 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: 22/49/29 Blend
70$728,000$728,000$728,000$728,000
71$808,379$769,795$758,511$818,659
72$857,397$774,078$750,484$832,560
73$910,361$777,517$741,135$844,426
74$967,641$780,039$730,386$856,449
75$1,029,643$781,564$718,157$868,662
76$1,096,813$782,007$704,362$881,104
77$1,169,642$781,279$688,912$893,824
78$1,248,670$779,286$671,715$906,874
79$1,334,490$775,927$652,673$920,317
80$1,427,755$771,095$631,685$934,227
81$1,529,183$764,675$608,643$948,688
82$1,639,564$756,549$583,437$963,796
83$1,759,769$746,588$555,951$979,661
84$1,890,752$734,658$526,062$996,409
85$2,033,567$720,615$493,644$1,014,185
86$2,189,374$704,308$458,564$1,033,151
87$2,359,446$685,576$420,682$1,053,492
88$2,545,189$664,248$379,855$1,075,419
89$2,748,148$640,146$335,929$1,099,167
90$2,970,024$613,078$288,748$1,125,005
91$3,212,691$582,843$238,145$1,153,233
92$3,478,211$549,228$183,948$1,184,190
93$3,768,855$512,007$125,978$1,218,257
94$4,087,125$470,942$64,045$1,255,862
95$4,435,775$425,781$0$1,297,484
96$4,817,838$376,258$0$1,344,294
97$5,236,654$322,091$0$1,417,450
98$5,695,902$262,983$0$1,497,851
99$6,199,634$198,619$0$1,586,317
100$6,752,313$128,668$0$1,683,761