Can I retire at age 71 with 752,000?

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 $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%18.2%
1 years$62,099$61,546$61,007$60,480$59,966$57,976
2 years$30,742$30,170$29,615$29,077$28,555$26,570
3 years$20,291$19,716$19,163$18,630$18,116$16,198
4 years$15,067$14,494$13,946$13,422$12,921$11,084
5 years$11,933$11,363$10,822$10,309$9,822$8,072
6 years$9,844$9,279$8,746$8,244$7,772$6,109
7 years$8,353$7,792$7,268$6,778$6,321$4,746
8 years$7,235$6,679$6,164$5,686$5,244$3,755
9 years$6,366$5,816$5,309$4,843$4,416$3,012
10 years$5,671$5,126$4,628$4,175$3,763$2,441
11 years$5,103$4,564$4,075$3,633$3,236$1,994
12 years$4,630$4,096$3,616$3,187$2,804$1,639
13 years$4,230$3,702$3,231$2,814$2,445$1,354
14 years$3,888$3,365$2,903$2,498$2,144$1,124
15 years$3,591$3,074$2,621$2,227$1,887$935
16 years$3,332$2,820$2,376$1,994$1,668$781
17 years$3,103$2,597$2,162$1,792$1,479$653
18 years$2,900$2,400$1,974$1,615$1,315$547
19 years$2,719$2,224$1,807$1,459$1,172$459
20 years$2,556$2,067$1,658$1,322$1,047$386
21 years$2,409$1,925$1,525$1,199$937$325
22 years$2,275$1,797$1,406$1,091$840$273
23 years$2,153$1,681$1,298$993$754$230
24 years$2,041$1,575$1,201$906$678$194
25 years$1,939$1,478$1,112$827$610$164
26 years$1,844$1,389$1,031$756$549$138
27 years$1,757$1,307$958$692$495$117
28 years$1,676$1,232$890$634$447$99
29 years$1,601$1,162$828$582$403$83
30 years$1,531$1,097$772$534$365$70
31 years$1,465$1,037$719$490$330$60
32 years$1,404$982$671$451$298$50
33 years$1,347$930$627$414$270$43
34 years$1,293$881$586$381$244$36
35 years$1,242$836$547$351$221$30
36 years$1,194$793$512$323$200$26
37 years$1,149$753$479$298$182$22
38 years$1,107$716$449$275$165$18
39 years$1,066$681$421$253$149$16
40 years$1,028$648$394$233$135$13
41 years$992$617$370$215$123$11
42 years$957$587$347$199$112$9
43 years$925$559$325$184$101$8
44 years$893$533$305$169$92$7
45 years$864$509$287$156$83$6
46 years$835$485$269$145$76$5
47 years$808$463$253$134$69$4
48 years$783$442$238$123$62$3
49 years$758$422$224$114$57$3
50 years$734$403$210$105$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $752,000, adding $4,174 every year, while hoping to spend $38,823 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: 60/14/26 Blend
70$752,000$752,000$752,000$752,000
71$833,009$793,153$781,497$876,934
72$876,669$790,711$766,370$904,880
73$923,481$786,847$749,435$930,814
74$973,725$781,452$730,590$958,282
75$1,027,710$774,408$709,730$987,443
76$1,085,773$765,590$686,743$1,018,472
77$1,148,286$754,868$661,512$1,051,564
78$1,215,655$742,101$633,917$1,086,936
79$1,288,329$727,141$603,831$1,124,826
80$1,366,799$709,831$571,119$1,165,503
81$1,451,605$690,005$535,644$1,209,261
82$1,543,341$667,488$497,261$1,256,428
83$1,642,660$642,093$455,818$1,307,368
84$1,750,280$613,624$411,156$1,362,484
85$1,866,988$581,872$363,109$1,422,223
86$1,993,654$546,616$311,507$1,487,080
87$2,131,231$507,625$256,166$1,557,604
88$2,280,769$464,651$196,900$1,634,401
89$2,443,422$417,434$133,511$1,718,144
90$2,620,462$365,699$65,794$1,809,578
91$2,813,286$309,154$0$1,909,526
92$3,023,432$247,494$0$2,020,697
93$3,252,593$180,393$0$2,161,900
94$3,502,634$107,508$0$2,316,044
95$3,775,604$28,477$0$2,484,431
96$4,073,761$0$0$2,668,498
97$4,399,592$0$0$2,878,622
98$4,755,832$0$0$3,113,211
99$5,145,494$0$0$3,369,868
100$5,571,896$0$0$3,650,787