Can I retire at age 71 with 746,000?

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 $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%16.5%
1 years$61,604$61,055$60,520$59,997$59,487$57,908
2 years$30,497$29,929$29,379$28,845$28,327$26,747
3 years$20,129$19,559$19,010$18,481$17,972$16,441
4 years$14,947$14,378$13,834$13,315$12,818$11,347
5 years$11,838$11,272$10,736$10,227$9,744$8,338
6 years$9,766$9,205$8,676$8,179$7,710$6,370
7 years$8,286$7,730$7,210$6,724$6,270$4,996
8 years$7,177$6,626$6,115$5,641$5,202$3,993
9 years$6,315$5,769$5,267$4,805$4,381$3,236
10 years$5,626$5,085$4,592$4,142$3,733$2,650
11 years$5,062$4,527$4,042$3,604$3,210$2,189
12 years$4,593$4,063$3,587$3,162$2,782$1,820
13 years$4,196$3,672$3,205$2,791$2,426$1,521
14 years$3,857$3,338$2,880$2,478$2,126$1,277
15 years$3,562$3,049$2,600$2,210$1,872$1,076
16 years$3,305$2,798$2,357$1,979$1,655$909
17 years$3,078$2,576$2,145$1,778$1,467$770
18 years$2,877$2,381$1,958$1,602$1,305$653
19 years$2,697$2,206$1,793$1,448$1,163$555
20 years$2,535$2,050$1,645$1,311$1,039$473
21 years$2,389$1,910$1,513$1,190$929$403
22 years$2,257$1,783$1,395$1,082$833$344
23 years$2,136$1,667$1,288$985$748$294
24 years$2,025$1,562$1,191$899$672$251
25 years$1,923$1,466$1,103$821$605$215
26 years$1,830$1,378$1,023$750$545$184
27 years$1,743$1,297$950$687$491$157
28 years$1,663$1,222$883$629$443$135
29 years$1,588$1,153$822$577$400$115
30 years$1,519$1,089$766$530$362$99
31 years$1,454$1,029$714$486$327$85
32 years$1,393$974$666$447$296$73
33 years$1,336$922$622$411$268$62
34 years$1,283$874$581$378$242$53
35 years$1,232$829$543$348$219$46
36 years$1,185$787$508$321$199$39
37 years$1,140$747$476$295$180$34
38 years$1,098$710$445$272$163$29
39 years$1,058$675$417$251$148$25
40 years$1,020$643$391$232$134$21
41 years$984$612$367$214$122$18
42 years$950$582$344$197$111$16
43 years$917$555$323$182$100$13
44 years$886$529$303$168$91$12
45 years$857$504$284$155$83$10
46 years$829$481$267$143$75$9
47 years$802$459$251$132$68$7
48 years$776$438$236$122$62$6
49 years$752$419$222$113$56$5
50 years$728$400$208$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $746,000, adding $4,455 every year, while hoping to spend $43,421 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: 61/26/13 Blend
70$746,000$746,000$746,000$746,000
71$826,687$787,149$775,586$874,242
72$864,810$779,520$755,369$899,101
73$905,366$770,062$733,019$920,896
74$948,557$758,639$708,419$943,628
75$994,605$745,107$681,447$967,391
76$1,043,753$729,316$651,973$992,290
77$1,096,267$711,103$619,865$1,018,440
78$1,152,438$690,299$584,982$1,045,973
79$1,212,585$666,722$547,178$1,075,034
80$1,277,059$640,182$506,299$1,105,788
81$1,346,244$610,476$462,185$1,138,415
82$1,420,563$577,391$414,670$1,173,118
83$1,500,477$540,700$363,578$1,210,124
84$1,586,496$500,164$308,728$1,249,685
85$1,679,177$455,531$249,929$1,292,081
86$1,779,133$406,533$186,982$1,337,625
87$1,887,039$352,887$119,680$1,386,666
88$2,003,634$294,295$47,806$1,439,590
89$2,129,731$230,442$0$1,496,828
90$2,266,224$160,994$0$1,562,867
91$2,414,096$85,601$0$1,641,567
92$2,574,428$3,889$0$1,726,915
93$2,748,408$0$0$1,819,602
94$2,937,343$0$0$1,944,580
95$3,142,669$0$0$2,081,661
96$3,365,969$0$0$2,230,794
97$3,608,982$0$0$2,393,149
98$3,873,623$0$0$2,570,009
99$4,161,997$0$0$2,762,792
100$4,476,424$0$0$2,973,054