Can I retire at age 71 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$62,512$61,956$61,412$60,882$60,364$58,691
2 years$30,947$30,370$29,812$29,270$28,745$27,071
3 years$20,426$19,847$19,290$18,754$18,237$16,616
4 years$15,167$14,590$14,038$13,511$13,007$11,450
5 years$12,012$11,439$10,894$10,378$9,888$8,400
6 years$9,910$9,341$8,804$8,299$7,824$6,407
7 years$8,409$7,844$7,316$6,823$6,363$5,017
8 years$7,283$6,724$6,205$5,724$5,278$4,002
9 years$6,408$5,854$5,344$4,875$4,445$3,237
10 years$5,709$5,160$4,659$4,203$3,788$2,647
11 years$5,137$4,594$4,102$3,658$3,257$2,182
12 years$4,661$4,123$3,640$3,208$2,823$1,810
13 years$4,258$3,726$3,252$2,832$2,462$1,510
14 years$3,913$3,387$2,922$2,514$2,158$1,265
15 years$3,615$3,094$2,638$2,242$1,900$1,063
16 years$3,354$2,839$2,392$2,008$1,679$897
17 years$3,124$2,614$2,177$1,804$1,489$758
18 years$2,919$2,416$1,987$1,626$1,324$642
19 years$2,737$2,239$1,819$1,469$1,180$544
20 years$2,573$2,081$1,669$1,330$1,054$462
21 years$2,425$1,938$1,536$1,207$943$393
22 years$2,290$1,809$1,415$1,098$845$335
23 years$2,167$1,692$1,307$1,000$759$285
24 years$2,055$1,585$1,209$912$682$243
25 years$1,952$1,488$1,119$833$614$207
26 years$1,857$1,398$1,038$761$553$177
27 years$1,769$1,316$964$697$498$151
28 years$1,687$1,240$896$639$450$129
29 years$1,611$1,170$834$586$406$110
30 years$1,541$1,105$777$537$367$94
31 years$1,475$1,044$724$494$332$81
32 years$1,413$988$676$454$300$69
33 years$1,356$936$631$417$272$59
34 years$1,301$887$589$384$246$50
35 years$1,250$841$551$353$223$43
36 years$1,202$798$516$325$202$37
37 years$1,157$758$483$300$183$32
38 years$1,114$721$452$276$166$27
39 years$1,073$685$423$255$150$23
40 years$1,035$652$397$235$136$20
41 years$998$621$372$217$124$17
42 years$964$591$349$200$112$15
43 years$931$563$328$185$102$12
44 years$899$537$307$171$92$11
45 years$870$512$289$158$84$9
46 years$841$488$271$146$76$8
47 years$814$466$255$134$69$7
48 years$788$445$239$124$63$6
49 years$763$425$225$115$57$5
50 years$739$406$212$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $757,000, adding $6,753 every year, while hoping to spend $42,915 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: 23/50/27 Blend
70$757,000$757,000$757,000$757,000
71$841,180$801,059$789,325$853,221
72$881,319$794,649$770,106$857,670
73$924,114$786,488$748,805$858,374
74$969,790$776,442$725,307$858,210
75$1,018,595$764,374$699,491$857,134
76$1,070,800$750,137$671,232$855,102
77$1,126,701$733,573$640,398$852,072
78$1,186,624$714,518$606,851$848,001
79$1,250,928$692,797$570,448$842,847
80$1,320,003$668,224$531,039$836,571
81$1,394,280$640,604$488,466$829,136
82$1,474,232$609,729$442,565$820,507
83$1,560,378$575,380$393,165$810,652
84$1,653,288$537,325$340,087$799,545
85$1,753,587$495,318$283,144$787,164
86$1,861,965$449,101$222,141$773,493
87$1,979,177$398,398$156,874$758,522
88$2,106,054$342,921$87,131$742,251
89$2,243,510$282,362$12,688$724,690
90$2,392,549$216,400$0$705,858
91$2,554,277$144,691$0$705,021
92$2,729,909$66,876$0$708,147
93$2,920,780$0$0$711,715
94$3,128,362$0$0$725,474
95$3,354,271$0$0$780,608
96$3,600,288$0$0$840,772
97$3,868,370$0$0$906,460
98$4,160,674$0$0$978,216
99$4,479,572$0$0$1,056,639
100$4,827,674$0$0$1,142,388