Can I retire at age 71 with 734,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$60,613$60,073$59,546$59,032$58,530$57,943
2 years$30,006$29,448$28,906$28,381$27,872$27,280
3 years$19,806$19,244$18,704$18,184$17,683$17,106
4 years$14,706$14,147$13,612$13,100$12,612$12,053
5 years$11,647$11,091$10,563$10,062$9,587$9,049
6 years$9,609$9,057$8,537$8,047$7,586$7,068
7 years$8,153$7,606$7,094$6,616$6,169$5,673
8 years$7,062$6,520$6,016$5,550$5,118$4,643
9 years$6,214$5,676$5,182$4,727$4,310$3,856
10 years$5,536$5,004$4,518$4,075$3,672$3,239
11 years$4,981$4,454$3,977$3,546$3,158$2,745
12 years$4,519$3,998$3,530$3,111$2,737$2,343
13 years$4,129$3,613$3,154$2,746$2,387$2,012
14 years$3,794$3,284$2,834$2,438$2,092$1,737
15 years$3,505$3,000$2,558$2,174$1,842$1,505
16 years$3,252$2,753$2,319$1,947$1,628$1,309
17 years$3,029$2,535$2,111$1,749$1,444$1,141
18 years$2,831$2,342$1,927$1,576$1,284$998
19 years$2,654$2,171$1,764$1,424$1,144$874
20 years$2,495$2,017$1,619$1,290$1,022$768
21 years$2,351$1,879$1,489$1,171$914$675
22 years$2,220$1,754$1,372$1,064$820$594
23 years$2,101$1,641$1,267$969$736$524
24 years$1,992$1,537$1,172$884$661$463
25 years$1,892$1,442$1,085$807$595$409
26 years$1,800$1,356$1,007$738$536$361
27 years$1,715$1,276$935$676$483$320
28 years$1,636$1,202$869$619$436$283
29 years$1,563$1,134$809$568$394$251
30 years$1,494$1,071$753$521$356$222
31 years$1,430$1,013$702$479$322$197
32 years$1,370$958$655$440$291$175
33 years$1,314$907$612$404$263$155
34 years$1,262$860$572$372$238$138
35 years$1,212$816$534$343$216$122
36 years$1,166$774$500$316$196$108
37 years$1,122$735$468$291$177$96
38 years$1,080$699$438$268$161$86
39 years$1,041$664$410$247$146$76
40 years$1,003$632$385$228$132$68
41 years$968$602$361$210$120$60
42 years$934$573$338$194$109$53
43 years$903$546$318$179$99$47
44 years$872$521$298$165$90$42
45 years$843$496$280$153$81$38
46 years$815$473$263$141$74$33
47 years$789$452$247$130$67$30
48 years$764$431$232$120$61$26
49 years$740$412$218$111$55$23
50 years$717$393$205$103$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $734,000, adding $4,985 every year, while hoping to spend $59,808 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: 44/44/12 Blend
70$734,000$734,000$734,000$734,000
71$814,010$775,108$763,731$846,812
72$833,404$749,453$725,681$844,501
73$852,771$720,537$684,351$835,561
74$872,046$688,135$639,570$824,544
75$891,155$652,014$591,155$811,283
76$910,013$611,922$538,919$795,598
77$928,525$567,597$482,663$777,299
78$946,584$518,759$422,182$756,178
79$964,071$465,114$357,260$732,015
80$980,851$406,349$287,673$704,573
81$996,773$342,136$213,186$673,599
82$1,011,670$272,127$133,554$638,819
83$1,025,353$195,953$48,521$599,942
84$1,037,612$113,228$0$556,653
85$1,048,213$23,541$0$514,022
86$1,056,896$0$0$473,263
87$1,063,370$0$0$463,410
88$1,067,312$0$0$463,677
89$1,068,364$0$0$462,491
90$1,066,127$0$0$459,657
91$1,060,159$0$0$454,959
92$1,049,968$0$0$448,156
93$1,035,011$0$0$438,984
94$1,014,684$0$0$427,147
95$988,317$0$0$412,320
96$955,171$0$0$394,140
97$914,423$0$0$372,209
98$865,167$0$0$346,084
99$806,397$0$0$315,275
100$737,002$0$0$279,241