Can I retire at age 71 with 738,000?

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 $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%13.3%
1 years$60,943$60,400$59,871$59,354$58,849$58,042
2 years$30,170$29,608$29,064$28,536$28,023$27,211
3 years$19,914$19,349$18,806$18,283$17,779$16,988
4 years$14,786$14,224$13,686$13,172$12,680$11,915
5 years$11,711$11,152$10,621$10,117$9,639$8,904
6 years$9,661$9,106$8,583$8,091$7,627$6,921
7 years$8,198$7,647$7,133$6,652$6,203$5,527
8 years$7,100$6,555$6,049$5,580$5,146$4,500
9 years$6,248$5,707$5,210$4,753$4,334$3,717
10 years$5,566$5,031$4,542$4,097$3,693$3,105
11 years$5,008$4,479$3,999$3,566$3,176$2,617
12 years$4,544$4,020$3,549$3,128$2,752$2,222
13 years$4,151$3,633$3,171$2,761$2,400$1,897
14 years$3,815$3,302$2,849$2,451$2,104$1,627
15 years$3,524$3,016$2,572$2,186$1,852$1,402
16 years$3,270$2,768$2,332$1,957$1,637$1,211
17 years$3,045$2,549$2,122$1,759$1,451$1,050
18 years$2,846$2,355$1,937$1,585$1,291$912
19 years$2,668$2,183$1,773$1,432$1,150$794
20 years$2,508$2,028$1,628$1,297$1,027$692
21 years$2,364$1,889$1,497$1,177$919$605
22 years$2,232$1,764$1,380$1,070$824$529
23 years$2,113$1,649$1,274$975$740$463
24 years$2,003$1,545$1,178$889$665$406
25 years$1,903$1,450$1,091$812$598$356
26 years$1,810$1,363$1,012$742$539$312
27 years$1,724$1,283$940$679$486$275
28 years$1,645$1,209$874$623$438$241
29 years$1,571$1,140$813$571$396$212
30 years$1,502$1,077$757$524$358$187
31 years$1,438$1,018$706$481$323$164
32 years$1,378$963$659$442$293$145
33 years$1,322$912$615$407$265$127
34 years$1,269$865$575$374$240$112
35 years$1,219$820$537$344$217$99
36 years$1,172$778$503$317$197$87
37 years$1,128$739$470$292$178$77
38 years$1,086$703$441$269$162$68
39 years$1,046$668$413$248$147$60
40 years$1,009$636$387$229$133$53
41 years$973$605$363$211$121$46
42 years$940$576$340$195$109$41
43 years$907$549$319$180$99$36
44 years$877$523$300$166$90$32
45 years$848$499$281$154$82$28
46 years$820$476$264$142$74$25
47 years$793$454$248$131$67$22
48 years$768$434$233$121$61$19
49 years$744$414$219$112$56$17
50 years$721$396$206$103$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $738,000, adding $4,684 every year, while hoping to spend $59,857 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: 80/13/7 Blend
70$738,000$738,000$738,000$738,000
71$818,108$778,994$767,555$882,567
72$837,867$753,477$729,580$899,949
73$857,636$724,704$688,328$910,650
74$877,352$692,451$643,624$920,586
75$896,945$656,484$595,288$929,650
76$916,334$616,553$543,131$937,723
77$935,429$572,393$486,955$944,677
78$954,130$523,728$426,555$950,369
79$972,322$470,261$361,715$954,644
80$989,877$411,682$292,211$957,328
81$1,006,651$347,661$217,807$958,235
82$1,022,485$277,851$138,258$957,159
83$1,037,197$201,885$53,309$953,871
84$1,050,589$119,375$0$948,124
85$1,062,435$29,911$0$942,435
86$1,072,488$0$0$938,144
87$1,080,469$0$0$940,535
88$1,086,070$0$0$945,094
89$1,088,947$0$0$947,240
90$1,088,719$0$0$946,636
91$1,084,961$0$0$942,908
92$1,077,203$0$0$935,641
93$1,064,924$0$0$924,374
94$1,047,545$0$0$908,597
95$1,024,423$0$0$887,743
96$994,850$0$0$861,186
97$958,036$0$0$828,232
98$913,112$0$0$788,111
99$859,112$0$0$739,972
100$794,970$0$0$682,875