Can I retire at age 71 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$60,283$59,746$59,222$58,711$58,211$56,416
2 years$29,843$29,287$28,748$28,226$27,720$25,926
3 years$19,698$19,139$18,602$18,085$17,586$15,852
4 years$14,626$14,070$13,538$13,029$12,543$10,880
5 years$11,584$11,031$10,506$10,008$9,535$7,948
6 years$9,556$9,007$8,490$8,003$7,545$6,036
7 years$8,109$7,564$7,055$6,580$6,136$4,704
8 years$7,024$6,484$5,984$5,520$5,090$3,735
9 years$6,180$5,646$5,154$4,702$4,287$3,007
10 years$5,505$4,976$4,493$4,053$3,652$2,446
11 years$4,954$4,430$3,956$3,527$3,141$2,006
12 years$4,495$3,976$3,510$3,094$2,722$1,656
13 years$4,106$3,593$3,136$2,731$2,374$1,374
14 years$3,774$3,266$2,818$2,425$2,081$1,144
15 years$3,486$2,984$2,544$2,162$1,832$957
16 years$3,234$2,738$2,307$1,936$1,619$802
17 years$3,012$2,521$2,099$1,740$1,436$674
18 years$2,815$2,330$1,916$1,568$1,277$567
19 years$2,639$2,159$1,754$1,417$1,138$478
20 years$2,481$2,006$1,610$1,283$1,016$404
21 years$2,338$1,869$1,481$1,164$910$341
22 years$2,208$1,745$1,365$1,059$815$289
23 years$2,090$1,632$1,260$964$732$244
24 years$1,982$1,529$1,165$879$658$207
25 years$1,882$1,435$1,079$803$592$176
26 years$1,790$1,348$1,001$734$533$149
27 years$1,706$1,269$930$672$481$126
28 years$1,627$1,196$864$616$434$107
29 years$1,554$1,128$804$565$392$91
30 years$1,486$1,065$749$518$354$77
31 years$1,422$1,007$698$476$320$66
32 years$1,363$953$652$437$289$56
33 years$1,307$902$608$402$262$47
34 years$1,255$855$568$370$237$40
35 years$1,206$811$531$341$215$34
36 years$1,159$770$497$314$195$29
37 years$1,116$731$465$289$176$25
38 years$1,074$695$436$266$160$21
39 years$1,035$661$408$246$145$18
40 years$998$629$383$227$132$15
41 years$963$598$359$209$119$13
42 years$929$570$337$193$108$11
43 years$898$543$316$178$98$9
44 years$867$518$296$164$89$8
45 years$839$494$278$152$81$7
46 years$811$471$261$140$74$6
47 years$785$449$246$130$67$5
48 years$760$429$231$120$61$4
49 years$736$410$217$111$55$4
50 years$713$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $730,000, adding $3,955 every year, while hoping to spend $29,030 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: 83/6/11 Blend
70$730,000$730,000$730,000$730,000
71$808,540$769,850$758,535$873,855
72$860,123$776,685$753,058$924,036
73$915,995$782,881$746,425$974,864
74$976,562$788,378$738,566$1,029,807
75$1,042,272$793,109$729,408$1,089,260
76$1,113,616$797,004$718,876$1,153,661
77$1,191,136$799,989$706,889$1,223,491
78$1,275,427$801,983$693,365$1,299,281
79$1,367,144$802,904$678,216$1,381,613
80$1,467,007$802,660$661,350$1,471,131
81$1,575,809$801,158$642,673$1,568,544
82$1,694,422$798,295$622,084$1,674,631
83$1,823,808$793,966$599,478$1,790,254
84$1,965,022$788,056$574,746$1,916,358
85$2,119,228$780,445$547,774$2,053,988
86$2,287,707$771,005$518,442$2,204,293
87$2,471,869$759,600$486,626$2,368,541
88$2,673,267$746,087$452,195$2,548,128
89$2,893,608$730,314$415,012$2,744,592
90$3,134,777$712,120$374,935$2,959,628
91$3,398,844$691,333$331,815$3,195,104
92$3,688,092$667,774$285,497$3,453,079
93$4,005,034$641,252$235,817$3,735,821
94$4,352,438$611,564$182,608$4,045,831
95$4,733,352$578,496$125,691$4,385,861
96$5,151,134$541,822$64,881$4,758,950
97$5,609,481$501,303$0$5,168,441
98$6,112,467$456,687$0$5,618,024
99$6,664,579$407,704$0$6,119,886
100$7,270,758$354,074$0$6,670,908