Can I retire at age 71 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$62,099$61,546$61,007$60,480$59,966$59,713
2 years$30,742$30,170$29,615$29,077$28,555$28,300
3 years$20,291$19,716$19,163$18,630$18,116$17,867
4 years$15,067$14,494$13,946$13,422$12,921$12,679
5 years$11,933$11,363$10,822$10,309$9,822$9,588
6 years$9,844$9,279$8,746$8,244$7,772$7,546
7 years$8,353$7,792$7,268$6,778$6,321$6,104
8 years$7,235$6,679$6,164$5,686$5,244$5,035
9 years$6,366$5,816$5,309$4,843$4,416$4,216
10 years$5,671$5,126$4,628$4,175$3,763$3,571
11 years$5,103$4,564$4,075$3,633$3,236$3,053
12 years$4,630$4,096$3,616$3,187$2,804$2,629
13 years$4,230$3,702$3,231$2,814$2,445$2,278
14 years$3,888$3,365$2,903$2,498$2,144$1,984
15 years$3,591$3,074$2,621$2,227$1,887$1,736
16 years$3,332$2,820$2,376$1,994$1,668$1,524
17 years$3,103$2,597$2,162$1,792$1,479$1,342
18 years$2,900$2,400$1,974$1,615$1,315$1,185
19 years$2,719$2,224$1,807$1,459$1,172$1,049
20 years$2,556$2,067$1,658$1,322$1,047$930
21 years$2,409$1,925$1,525$1,199$937$826
22 years$2,275$1,797$1,406$1,091$840$735
23 years$2,153$1,681$1,298$993$754$655
24 years$2,041$1,575$1,201$906$678$584
25 years$1,939$1,478$1,112$827$610$522
26 years$1,844$1,389$1,031$756$549$467
27 years$1,757$1,307$958$692$495$417
28 years$1,676$1,232$890$634$447$374
29 years$1,601$1,162$828$582$403$335
30 years$1,531$1,097$772$534$365$300
31 years$1,465$1,037$719$490$330$269
32 years$1,404$982$671$451$298$241
33 years$1,347$930$627$414$270$217
34 years$1,293$881$586$381$244$195
35 years$1,242$836$547$351$221$175
36 years$1,194$793$512$323$200$157
37 years$1,149$753$479$298$182$141
38 years$1,107$716$449$275$165$127
39 years$1,066$681$421$253$149$114
40 years$1,028$648$394$233$135$103
41 years$992$617$370$215$123$92
42 years$957$587$347$199$112$83
43 years$925$559$325$184$101$75
44 years$893$533$305$169$92$67
45 years$864$509$287$156$83$61
46 years$835$485$269$145$76$54
47 years$808$463$253$134$69$49
48 years$783$442$238$123$62$44
49 years$758$422$224$114$57$40
50 years$734$403$210$105$52$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $752,000, adding $2,372 every year, while hoping to spend $54,223 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: 62/10/28 Blend
70$752,000$752,000$752,000$752,000
71$831,151$791,295$779,639$876,304
72$858,235$772,375$748,064$888,350
73$886,265$750,712$713,614$895,400
74$915,279$726,112$676,135$901,943
75$945,319$698,373$635,467$907,939
76$976,429$667,280$591,442$913,348
77$1,008,655$632,607$543,886$918,126
78$1,042,045$594,112$492,613$922,229
79$1,076,652$551,542$437,434$925,610
80$1,112,531$504,628$378,149$928,222
81$1,149,741$453,086$314,549$930,014
82$1,188,344$396,617$246,415$930,935
83$1,228,406$334,902$173,521$930,931
84$1,269,998$267,607$95,629$929,947
85$1,313,196$194,378$12,490$927,926
86$1,358,080$114,840$0$924,808
87$1,404,737$28,600$0$943,310
88$1,453,259$0$0$966,055
89$1,503,745$0$0$996,457
90$1,556,302$0$0$1,031,391
91$1,611,044$0$0$1,067,786
92$1,668,094$0$0$1,105,727
93$1,727,583$0$0$1,145,302
94$1,789,655$0$0$1,186,608
95$1,854,462$0$0$1,229,748
96$1,922,171$0$0$1,274,835
97$1,992,961$0$0$1,321,989
98$2,067,025$0$0$1,371,343
99$2,144,574$0$0$1,423,038
100$2,225,833$0$0$1,477,228