Can I retire at age 71 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$60,943$60,400$59,871$59,354$58,849$57,685
2 years$30,170$29,608$29,064$28,536$28,023$26,855
3 years$19,914$19,349$18,806$18,283$17,779$16,643
4 years$14,786$14,224$13,686$13,172$12,680$11,586
5 years$11,711$11,152$10,621$10,117$9,639$8,589
6 years$9,661$9,106$8,583$8,091$7,627$6,623
7 years$8,198$7,647$7,133$6,652$6,203$5,245
8 years$7,100$6,555$6,049$5,580$5,146$4,233
9 years$6,248$5,707$5,210$4,753$4,334$3,466
10 years$5,566$5,031$4,542$4,097$3,693$2,869
11 years$5,008$4,479$3,999$3,566$3,176$2,395
12 years$4,544$4,020$3,549$3,128$2,752$2,014
13 years$4,151$3,633$3,171$2,761$2,400$1,702
14 years$3,815$3,302$2,849$2,451$2,104$1,446
15 years$3,524$3,016$2,572$2,186$1,852$1,232
16 years$3,270$2,768$2,332$1,957$1,637$1,054
17 years$3,045$2,549$2,122$1,759$1,451$904
18 years$2,846$2,355$1,937$1,585$1,291$777
19 years$2,668$2,183$1,773$1,432$1,150$669
20 years$2,508$2,028$1,628$1,297$1,027$577
21 years$2,364$1,889$1,497$1,177$919$498
22 years$2,232$1,764$1,380$1,070$824$430
23 years$2,113$1,649$1,274$975$740$373
24 years$2,003$1,545$1,178$889$665$323
25 years$1,903$1,450$1,091$812$598$280
26 years$1,810$1,363$1,012$742$539$243
27 years$1,724$1,283$940$679$486$211
28 years$1,645$1,209$874$623$438$183
29 years$1,571$1,140$813$571$396$159
30 years$1,502$1,077$757$524$358$138
31 years$1,438$1,018$706$481$323$120
32 years$1,378$963$659$442$293$104
33 years$1,322$912$615$407$265$91
34 years$1,269$865$575$374$240$79
35 years$1,219$820$537$344$217$69
36 years$1,172$778$503$317$197$60
37 years$1,128$739$470$292$178$52
38 years$1,086$703$441$269$162$45
39 years$1,046$668$413$248$147$39
40 years$1,009$636$387$229$133$34
41 years$973$605$363$211$121$30
42 years$940$576$340$195$109$26
43 years$907$549$319$180$99$23
44 years$877$523$300$166$90$20
45 years$848$499$281$154$82$17
46 years$820$476$264$142$74$15
47 years$793$454$248$131$67$13
48 years$768$434$233$121$61$11
49 years$744$414$219$112$56$10
50 years$721$396$206$103$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $738,000, adding $4,017 every year, while hoping to spend $48,358 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: 48/26/26 Blend
70$738,000$738,000$738,000$738,000
71$817,420$778,306$766,867$850,430
72$849,344$764,990$741,104$860,677
73$882,904$749,401$712,858$866,701
74$918,215$731,377$681,993$872,288
75$955,403$710,745$648,371$877,418
76$994,606$687,323$611,843$882,077
77$1,035,972$660,918$572,256$886,248
78$1,079,666$631,328$529,451$889,921
79$1,125,863$598,335$483,259$893,084
80$1,174,760$561,711$433,507$895,733
81$1,226,566$521,216$380,010$897,863
82$1,281,515$476,594$322,579$899,477
83$1,339,857$427,576$261,014$900,581
84$1,401,872$373,876$195,107$901,188
85$1,467,860$315,193$124,640$901,318
86$1,538,153$251,209$49,387$900,999
87$1,613,114$181,587$0$900,267
88$1,693,140$105,974$0$907,748
89$1,778,667$23,993$0$930,101
90$1,870,172$0$0$953,755
91$1,968,178$0$0$997,398
92$2,073,259$0$0$1,051,605
93$2,186,044$0$0$1,109,844
94$2,307,224$0$0$1,172,480
95$2,437,559$0$0$1,239,911
96$2,577,880$0$0$1,312,577
97$2,729,102$0$0$1,390,960
98$2,892,230$0$0$1,475,591
99$3,068,366$0$0$1,567,050
100$3,258,724$0$0$1,665,978