Can I retire at age 71 with 750,000?

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 $750,000?

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$61,934$61,383$60,844$60,319$59,806$58,623
2 years$30,661$30,090$29,536$29,000$28,479$27,292
3 years$20,237$19,664$19,112$18,580$18,068$16,914
4 years$15,027$14,455$13,909$13,386$12,886$11,774
5 years$11,901$11,333$10,794$10,282$9,796$8,729
6 years$9,818$9,254$8,723$8,222$7,751$6,731
7 years$8,331$7,772$7,249$6,760$6,304$5,330
8 years$7,216$6,662$6,147$5,671$5,230$4,302
9 years$6,349$5,800$5,295$4,830$4,404$3,522
10 years$5,656$5,113$4,616$4,164$3,753$2,916
11 years$5,090$4,551$4,064$3,624$3,227$2,434
12 years$4,618$4,085$3,607$3,179$2,797$2,046
13 years$4,219$3,692$3,222$2,806$2,439$1,730
14 years$3,877$3,356$2,895$2,491$2,138$1,469
15 years$3,581$3,066$2,614$2,222$1,882$1,252
16 years$3,323$2,813$2,370$1,989$1,664$1,071
17 years$3,095$2,590$2,157$1,787$1,475$918
18 years$2,892$2,394$1,969$1,611$1,312$789
19 years$2,712$2,218$1,802$1,455$1,169$679
20 years$2,549$2,061$1,654$1,318$1,044$586
21 years$2,402$1,920$1,521$1,196$934$506
22 years$2,269$1,792$1,402$1,088$838$437
23 years$2,147$1,676$1,295$991$752$379
24 years$2,036$1,571$1,197$903$676$328
25 years$1,934$1,474$1,109$825$608$284
26 years$1,839$1,385$1,029$754$548$247
27 years$1,752$1,304$955$691$494$214
28 years$1,672$1,228$888$633$446$186
29 years$1,597$1,159$826$580$402$161
30 years$1,527$1,094$770$532$364$140
31 years$1,461$1,035$717$489$329$122
32 years$1,400$979$669$449$297$106
33 years$1,343$927$625$413$269$92
34 years$1,289$879$584$380$244$80
35 years$1,239$833$546$350$221$70
36 years$1,191$791$511$322$200$61
37 years$1,146$751$478$297$181$53
38 years$1,104$714$448$274$164$46
39 years$1,063$679$419$252$149$40
40 years$1,025$646$393$233$135$35
41 years$989$615$369$215$123$30
42 years$955$586$346$198$111$26
43 years$922$558$324$183$101$23
44 years$891$532$305$169$92$20
45 years$861$507$286$156$83$17
46 years$833$484$269$144$76$15
47 years$806$462$252$133$69$13
48 years$780$441$237$123$62$12
49 years$756$421$223$114$57$10
50 years$732$402$210$105$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $750,000, adding $6,050 every year, while hoping to spend $41,722 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: 63/31/6 Blend
70$750,000$750,000$750,000$750,000
71$832,741$792,991$781,366$883,955
72$873,288$787,455$763,149$913,301
73$916,573$780,250$742,925$939,869
74$962,831$771,250$720,580$967,789
75$1,012,320$760,321$695,999$997,189
76$1,065,321$747,321$669,060$1,028,213
77$1,122,146$732,102$639,635$1,061,020
78$1,183,133$714,504$607,592$1,095,784
79$1,248,658$694,359$572,791$1,132,703
80$1,319,128$671,490$535,086$1,171,995
81$1,394,994$645,708$494,327$1,213,900
82$1,476,750$616,814$450,353$1,258,688
83$1,564,938$584,598$403,000$1,306,656
84$1,660,154$548,836$352,093$1,358,135
85$1,763,054$509,293$297,452$1,413,492
86$1,874,357$465,719$238,888$1,473,134
87$1,994,854$417,852$176,204$1,537,513
88$2,125,415$365,413$109,192$1,607,130
89$2,266,996$308,107$37,639$1,682,539
90$2,420,650$245,624$0$1,764,356
91$2,587,533$177,636$0$1,855,742
92$2,768,916$103,796$0$1,957,707
93$2,966,201$23,737$0$2,068,690
94$3,180,927$0$0$2,189,636
95$3,414,788$0$0$2,343,053
96$3,669,650$0$0$2,519,121
97$3,947,564$0$0$2,711,165
98$4,250,788$0$0$2,920,753
99$4,581,810$0$0$3,149,611
100$4,943,365$0$0$3,399,637