Can I retire at age 71 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,182$61,628$61,088$60,560$60,045$59,246
2 years$30,783$30,210$29,654$29,116$28,593$27,789
3 years$20,318$19,742$19,188$18,655$18,141$17,357
4 years$15,087$14,513$13,964$13,440$12,938$12,180
5 years$11,949$11,378$10,837$10,323$9,835$9,106
6 years$9,857$9,291$8,758$8,255$7,782$7,083
7 years$8,364$7,803$7,278$6,787$6,329$5,659
8 years$7,245$6,688$6,172$5,694$5,251$4,610
9 years$6,375$5,823$5,316$4,850$4,422$3,811
10 years$5,679$5,133$4,635$4,180$3,768$3,185
11 years$5,110$4,570$4,080$3,638$3,240$2,686
12 years$4,636$4,101$3,621$3,191$2,808$2,282
13 years$4,236$3,707$3,235$2,817$2,449$1,949
14 years$3,893$3,369$2,907$2,501$2,146$1,673
15 years$3,596$3,078$2,624$2,230$1,890$1,442
16 years$3,336$2,824$2,379$1,997$1,670$1,247
17 years$3,107$2,601$2,165$1,794$1,481$1,082
18 years$2,904$2,403$1,977$1,617$1,317$940
19 years$2,722$2,227$1,809$1,461$1,174$819
20 years$2,559$2,070$1,661$1,323$1,048$715
21 years$2,412$1,928$1,527$1,201$938$625
22 years$2,278$1,799$1,408$1,092$841$547
23 years$2,156$1,683$1,300$995$755$479
24 years$2,044$1,577$1,202$907$678$420
25 years$1,941$1,480$1,113$828$611$369
26 years$1,847$1,391$1,033$757$550$324
27 years$1,759$1,309$959$693$496$285
28 years$1,678$1,233$891$635$447$251
29 years$1,603$1,164$830$583$404$221
30 years$1,533$1,099$773$535$365$194
31 years$1,467$1,039$720$491$330$171
32 years$1,406$983$672$451$299$151
33 years$1,349$931$628$415$270$133
34 years$1,295$882$586$382$245$117
35 years$1,244$837$548$351$222$103
36 years$1,196$794$513$324$201$91
37 years$1,151$754$480$298$182$80
38 years$1,108$717$449$275$165$71
39 years$1,068$682$421$253$150$63
40 years$1,029$649$395$234$136$55
41 years$993$617$370$216$123$49
42 years$959$588$347$199$112$43
43 years$926$560$326$184$101$38
44 years$895$534$306$170$92$34
45 years$865$509$287$157$84$30
46 years$837$486$270$145$76$26
47 years$809$464$253$134$69$23
48 years$784$443$238$124$63$20
49 years$759$423$224$114$57$18
50 years$735$404$210$106$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $753,000, adding $3,652 every year, while hoping to spend $24,685 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: 67/14/19 Blend
70$753,000$753,000$753,000$753,000
71$833,573$793,664$781,993$885,267
72$892,333$806,289$781,925$932,942
73$956,259$818,705$781,027$981,855
74$1,025,852$830,876$779,246$1,034,746
75$1,101,663$842,764$776,525$1,092,004
76$1,184,299$854,325$772,805$1,154,059
77$1,274,427$865,517$768,024$1,221,385
78$1,372,782$876,291$762,116$1,294,506
79$1,480,173$886,596$755,014$1,373,997
80$1,597,490$896,379$746,646$1,460,494
81$1,725,713$905,580$736,938$1,554,697
82$1,865,921$914,138$725,810$1,657,379
83$2,019,301$921,988$713,182$1,769,391
84$2,187,163$929,059$698,967$1,891,673
85$2,370,947$935,275$683,075$2,025,258
86$2,572,238$940,559$665,413$2,171,288
87$2,792,784$944,823$645,881$2,331,021
88$3,034,508$947,980$624,378$2,505,844
89$3,299,529$949,932$600,796$2,697,286
90$3,590,180$950,578$575,022$2,907,034
91$3,909,032$949,810$546,939$3,136,946
92$4,258,916$947,513$516,424$3,389,071
93$4,642,949$943,565$483,348$3,665,669
94$5,064,567$937,837$447,577$3,969,230
95$5,527,553$930,191$408,971$4,302,501
96$6,036,075$920,482$367,383$4,668,508
97$6,594,725$908,555$322,661$5,070,590
98$7,208,560$894,248$274,643$5,512,426
99$7,883,154$877,387$223,165$5,998,072
100$8,624,645$857,788$168,050$6,532,000