Can I retire at age 71 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$61,604$61,055$60,520$59,997$59,487$59,013
2 years$30,497$29,929$29,379$28,845$28,327$27,850
3 years$20,129$19,559$19,010$18,481$17,972$17,505
4 years$14,947$14,378$13,834$13,315$12,818$12,366
5 years$11,838$11,272$10,736$10,227$9,744$9,308
6 years$9,766$9,205$8,676$8,179$7,710$7,290
7 years$8,286$7,730$7,210$6,724$6,270$5,867
8 years$7,177$6,626$6,115$5,641$5,202$4,815
9 years$6,315$5,769$5,267$4,805$4,381$4,011
10 years$5,626$5,085$4,592$4,142$3,733$3,379
11 years$5,062$4,527$4,042$3,604$3,210$2,873
12 years$4,593$4,063$3,587$3,162$2,782$2,460
13 years$4,196$3,672$3,205$2,791$2,426$2,120
14 years$3,857$3,338$2,880$2,478$2,126$1,835
15 years$3,562$3,049$2,600$2,210$1,872$1,596
16 years$3,305$2,798$2,357$1,979$1,655$1,392
17 years$3,078$2,576$2,145$1,778$1,467$1,219
18 years$2,877$2,381$1,958$1,602$1,305$1,069
19 years$2,697$2,206$1,793$1,448$1,163$940
20 years$2,535$2,050$1,645$1,311$1,039$829
21 years$2,389$1,910$1,513$1,190$929$731
22 years$2,257$1,783$1,395$1,082$833$646
23 years$2,136$1,667$1,288$985$748$572
24 years$2,025$1,562$1,191$899$672$507
25 years$1,923$1,466$1,103$821$605$449
26 years$1,830$1,378$1,023$750$545$399
27 years$1,743$1,297$950$687$491$354
28 years$1,663$1,222$883$629$443$315
29 years$1,588$1,153$822$577$400$280
30 years$1,519$1,089$766$530$362$249
31 years$1,454$1,029$714$486$327$222
32 years$1,393$974$666$447$296$198
33 years$1,336$922$622$411$268$176
34 years$1,283$874$581$378$242$157
35 years$1,232$829$543$348$219$140
36 years$1,185$787$508$321$199$125
37 years$1,140$747$476$295$180$111
38 years$1,098$710$445$272$163$99
39 years$1,058$675$417$251$148$89
40 years$1,020$643$391$232$134$79
41 years$984$612$367$214$122$71
42 years$950$582$344$197$111$63
43 years$917$555$323$182$100$56
44 years$886$529$303$168$91$50
45 years$857$504$284$155$83$45
46 years$829$481$267$143$75$40
47 years$802$459$251$132$68$36
48 years$776$438$236$122$62$32
49 years$752$419$222$113$56$29
50 years$728$400$208$105$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $746,000, adding $6,812 every year, while hoping to spend $23,264 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: 41/41/18 Blend
70$746,000$746,000$746,000$746,000
71$829,119$789,581$778,018$858,460
72$888,936$803,517$779,328$893,884
73$954,075$817,357$779,904$929,427
74$1,025,054$831,071$779,694$967,411
75$1,102,443$844,627$778,647$1,008,069
76$1,186,870$857,992$776,710$1,051,661
77$1,279,026$871,129$773,825$1,098,472
78$1,379,672$883,999$769,933$1,148,819
79$1,489,644$896,560$764,971$1,203,050
80$1,609,864$908,769$758,874$1,261,550
81$1,741,348$920,576$751,574$1,324,745
82$1,885,212$931,931$742,999$1,393,104
83$2,042,688$942,779$733,073$1,467,146
84$2,215,129$953,062$721,717$1,547,443
85$2,404,027$962,718$708,850$1,634,627
86$2,611,027$971,679$694,386$1,729,396
87$2,837,936$979,877$678,233$1,832,521
88$3,086,749$987,234$660,297$1,944,852
89$3,359,661$993,671$640,480$2,067,328
90$3,659,088$999,103$618,677$2,200,985
91$3,987,694$1,003,438$594,782$2,346,967
92$4,348,412$1,006,580$568,681$2,506,538
93$4,744,474$1,008,426$540,255$2,681,092
94$5,179,438$1,008,868$509,382$2,872,165
95$5,657,227$1,007,788$475,932$3,081,457
96$6,182,158$1,005,064$439,770$3,310,841
97$6,758,992$1,000,565$400,756$3,562,385
98$7,392,969$994,153$358,741$3,838,369
99$8,089,865$985,680$313,572$4,141,313
100$8,856,044$974,990$265,089$4,473,994