Can I retire at age 71 with 735,000?

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 $735,000?

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$60,696$60,155$59,627$59,113$58,610$57,333
2 years$30,047$29,488$28,945$28,420$27,909$26,629
3 years$19,833$19,271$18,730$18,209$17,707$16,464
4 years$14,726$14,166$13,630$13,118$12,629$11,432
5 years$11,663$11,106$10,578$10,076$9,600$8,453
6 years$9,622$9,069$8,548$8,058$7,596$6,500
7 years$8,164$7,616$7,104$6,625$6,178$5,133
8 years$7,072$6,528$6,025$5,557$5,125$4,131
9 years$6,222$5,684$5,189$4,734$4,316$3,372
10 years$5,543$5,010$4,524$4,081$3,678$2,783
11 years$4,988$4,460$3,983$3,551$3,163$2,316
12 years$4,525$4,003$3,535$3,115$2,741$1,941
13 years$4,134$3,618$3,158$2,750$2,390$1,635
14 years$3,800$3,289$2,837$2,441$2,095$1,384
15 years$3,510$3,004$2,562$2,177$1,845$1,176
16 years$3,256$2,756$2,323$1,949$1,630$1,002
17 years$3,033$2,538$2,113$1,751$1,446$856
18 years$2,835$2,346$1,929$1,578$1,285$733
19 years$2,657$2,174$1,766$1,426$1,146$629
20 years$2,498$2,020$1,621$1,292$1,023$540
21 years$2,354$1,882$1,491$1,172$916$465
22 years$2,223$1,756$1,374$1,066$821$400
23 years$2,104$1,643$1,269$971$737$345
24 years$1,995$1,539$1,173$885$662$298
25 years$1,895$1,444$1,087$809$596$257
26 years$1,803$1,358$1,008$739$537$222
27 years$1,717$1,278$936$677$484$192
28 years$1,638$1,204$870$620$437$166
29 years$1,565$1,136$810$569$394$144
30 years$1,496$1,073$754$522$356$124
31 years$1,432$1,014$703$479$322$108
32 years$1,372$959$656$440$291$93
33 years$1,316$909$613$405$264$81
34 years$1,264$861$572$373$239$70
35 years$1,214$817$535$343$216$61
36 years$1,167$775$501$316$196$52
37 years$1,123$736$469$291$178$45
38 years$1,082$700$439$268$161$39
39 years$1,042$665$411$247$146$34
40 years$1,005$633$385$228$132$30
41 years$969$603$361$211$120$26
42 years$936$574$339$194$109$22
43 years$904$547$318$179$99$19
44 years$873$521$298$166$90$17
45 years$844$497$280$153$82$15
46 years$817$474$263$141$74$13
47 years$790$452$247$131$67$11
48 years$765$432$232$121$61$9
49 years$741$412$218$111$55$8
50 years$718$394$205$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $735,000, adding $3,417 every year, while hoping to spend $36,980 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: 48/32/20 Blend
70$735,000$735,000$735,000$735,000
71$813,495$774,540$763,147$847,795
72$857,125$773,146$749,366$870,615
73$903,966$770,444$733,884$891,373
74$954,306$766,331$716,605$913,140
75$1,008,462$760,699$697,428$936,026
76$1,066,782$753,430$676,249$960,154
77$1,129,647$744,401$652,957$985,663
78$1,197,477$733,483$627,437$1,012,705
79$1,270,733$720,537$599,569$1,041,456
80$1,349,922$705,417$569,228$1,072,106
81$1,435,599$687,967$536,283$1,104,872
82$1,528,376$668,024$500,595$1,139,993
83$1,628,927$645,414$462,021$1,177,738
84$1,737,991$619,952$420,412$1,218,405
85$1,856,381$591,445$375,611$1,262,327
86$1,984,992$559,686$327,454$1,309,874
87$2,124,807$524,457$275,770$1,361,459
88$2,276,911$485,529$220,381$1,417,540
89$2,442,493$442,657$161,102$1,478,628
90$2,622,865$395,585$97,736$1,545,288
91$2,819,469$344,040$30,082$1,618,151
92$3,033,892$287,735$0$1,697,917
93$3,267,881$226,367$0$1,794,350
94$3,523,361$159,614$0$1,906,759
95$3,802,447$87,138$0$2,029,724
96$4,107,470$8,582$0$2,164,357
97$4,440,997$0$0$2,311,889
98$4,805,853$0$0$2,500,593
99$5,205,148$0$0$2,710,496
100$5,642,307$0$0$2,940,387