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%11.2%
1 years$60,943$60,400$59,871$59,354$58,849$58,552
2 years$30,170$29,608$29,064$28,536$28,023$27,723
3 years$19,914$19,349$18,806$18,283$17,779$17,486
4 years$14,786$14,224$13,686$13,172$12,680$12,396
5 years$11,711$11,152$10,621$10,117$9,639$9,364
6 years$9,661$9,106$8,583$8,091$7,627$7,362
7 years$8,198$7,647$7,133$6,652$6,203$5,948
8 years$7,100$6,555$6,049$5,580$5,146$4,901
9 years$6,248$5,707$5,210$4,753$4,334$4,099
10 years$5,566$5,031$4,542$4,097$3,693$3,468
11 years$5,008$4,479$3,999$3,566$3,176$2,961
12 years$4,544$4,020$3,549$3,128$2,752$2,547
13 years$4,151$3,633$3,171$2,761$2,400$2,204
14 years$3,815$3,302$2,849$2,451$2,104$1,917
15 years$3,524$3,016$2,572$2,186$1,852$1,675
16 years$3,270$2,768$2,332$1,957$1,637$1,468
17 years$3,045$2,549$2,122$1,759$1,451$1,291
18 years$2,846$2,355$1,937$1,585$1,291$1,139
19 years$2,668$2,183$1,773$1,432$1,150$1,006
20 years$2,508$2,028$1,628$1,297$1,027$891
21 years$2,364$1,889$1,497$1,177$919$791
22 years$2,232$1,764$1,380$1,070$824$703
23 years$2,113$1,649$1,274$975$740$625
24 years$2,003$1,545$1,178$889$665$557
25 years$1,903$1,450$1,091$812$598$496
26 years$1,810$1,363$1,012$742$539$443
27 years$1,724$1,283$940$679$486$396
28 years$1,645$1,209$874$623$438$354
29 years$1,571$1,140$813$571$396$316
30 years$1,502$1,077$757$524$358$283
31 years$1,438$1,018$706$481$323$254
32 years$1,378$963$659$442$293$227
33 years$1,322$912$615$407$265$204
34 years$1,269$865$575$374$240$182
35 years$1,219$820$537$344$217$164
36 years$1,172$778$503$317$197$147
37 years$1,128$739$470$292$178$132
38 years$1,086$703$441$269$162$118
39 years$1,046$668$413$248$147$106
40 years$1,009$636$387$229$133$95
41 years$973$605$363$211$121$86
42 years$940$576$340$195$109$77
43 years$907$549$319$180$99$69
44 years$877$523$300$166$90$62
45 years$848$499$281$154$82$56
46 years$820$476$264$142$74$50
47 years$793$454$248$131$67$45
48 years$768$434$233$121$61$40
49 years$744$414$219$112$56$36
50 years$721$396$206$103$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $738,000, adding $4,198 every year, while hoping to spend $49,057 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: 43/37/20 Blend
70$738,000$738,000$738,000$738,000
71$817,606$778,492$767,053$847,840
72$848,806$764,442$740,553$855,576
73$881,544$748,059$711,521$858,842
74$915,925$729,178$679,821$861,370
75$952,063$707,622$645,309$863,114
76$990,083$683,205$607,837$864,032
77$1,030,120$655,730$567,247$864,078
78$1,072,321$624,989$523,379$863,208
79$1,116,845$590,762$476,060$861,377
80$1,163,868$552,814$425,113$858,540
81$1,213,581$510,900$370,352$854,654
82$1,266,190$464,758$311,583$849,677
83$1,321,924$414,114$248,603$843,566
84$1,381,030$358,675$181,201$836,283
85$1,443,779$298,134$109,155$827,792
86$1,510,468$232,166$32,236$818,059
87$1,581,421$160,427$0$807,054
88$1,656,993$82,555$0$805,393
89$1,737,573$0$0$810,450
90$1,823,586$0$0$816,131
91$1,915,500$0$0$858,173
92$2,013,824$0$0$903,206
93$2,119,121$0$0$951,493
94$2,232,004$0$0$1,003,324
95$2,353,148$0$0$1,059,018
96$2,483,294$0$0$1,118,924
97$2,623,253$0$0$1,183,424
98$2,773,918$0$0$1,252,939
99$2,936,268$0$0$1,327,933
100$3,111,380$0$0$1,408,913