Can I retire at age 71 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$62,595$62,037$61,493$60,962$60,444$59,863
2 years$30,988$30,410$29,851$29,309$28,783$28,197
3 years$20,453$19,874$19,316$18,778$18,261$17,689
4 years$15,187$14,609$14,057$13,529$13,024$12,470
5 years$12,028$11,454$10,909$10,391$9,901$9,367
6 years$9,923$9,353$8,816$8,310$7,834$7,321
7 years$8,420$7,855$7,326$6,832$6,371$5,879
8 years$7,293$6,733$6,213$5,731$5,285$4,814
9 years$6,417$5,862$5,351$4,882$4,451$4,000
10 years$5,717$5,167$4,665$4,208$3,793$3,362
11 years$5,144$4,600$4,107$3,662$3,262$2,851
12 years$4,667$4,129$3,645$3,212$2,827$2,436
13 years$4,264$3,731$3,257$2,836$2,465$2,093
14 years$3,919$3,392$2,926$2,518$2,161$1,808
15 years$3,620$3,098$2,642$2,245$1,902$1,567
16 years$3,358$2,843$2,395$2,010$1,681$1,364
17 years$3,128$2,618$2,180$1,806$1,491$1,190
18 years$2,923$2,419$1,990$1,628$1,326$1,042
19 years$2,741$2,242$1,821$1,471$1,181$913
20 years$2,576$2,083$1,672$1,332$1,055$802
21 years$2,428$1,941$1,538$1,209$944$706
22 years$2,293$1,811$1,417$1,099$847$622
23 years$2,170$1,694$1,308$1,001$760$549
24 years$2,058$1,587$1,210$913$683$485
25 years$1,954$1,490$1,121$834$615$429
26 years$1,859$1,400$1,040$762$554$379
27 years$1,771$1,318$965$698$499$336
28 years$1,689$1,242$897$639$450$298
29 years$1,614$1,171$835$586$407$264
30 years$1,543$1,106$778$538$367$234
31 years$1,477$1,046$725$494$332$208
32 years$1,415$989$677$454$301$184
33 years$1,357$937$632$418$272$164
34 years$1,303$888$590$384$246$145
35 years$1,252$842$552$354$223$129
36 years$1,204$799$516$326$202$115
37 years$1,158$759$483$300$183$102
38 years$1,115$722$452$277$166$91
39 years$1,075$686$424$255$151$81
40 years$1,036$653$397$235$137$72
41 years$1,000$621$373$217$124$64
42 years$965$592$349$200$112$57
43 years$932$564$328$185$102$51
44 years$901$538$308$171$93$45
45 years$871$513$289$158$84$40
46 years$842$489$271$146$76$36
47 years$815$467$255$135$69$32
48 years$789$445$240$124$63$28
49 years$764$425$225$115$57$25
50 years$740$406$212$106$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $758,000, adding $5,312 every year, while hoping to spend $59,331 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: 33/39/28 Blend
70$758,000$758,000$758,000$758,000
71$840,795$800,621$788,872$861,249
72$863,429$776,724$752,172$853,347
73$886,382$749,667$712,253$839,197
74$909,626$719,234$668,946$822,794
75$933,124$685,193$622,073$803,981
76$956,838$647,302$571,447$782,588
77$980,718$605,303$516,873$758,438
78$1,004,713$558,924$458,150$731,340
79$1,028,759$507,877$395,064$701,094
80$1,052,788$451,858$327,394$667,486
81$1,076,719$390,546$254,908$630,288
82$1,100,462$323,601$177,366$589,258
83$1,123,916$250,663$94,514$544,141
84$1,146,965$171,355$6,089$494,663
85$1,169,479$85,276$0$440,534
86$1,191,315$0$0$407,818
87$1,212,307$0$0$376,902
88$1,232,275$0$0$382,148
89$1,251,013$0$0$386,884
90$1,268,293$0$0$391,024
91$1,283,861$0$0$394,474
92$1,297,432$0$0$397,129
93$1,308,689$0$0$398,870
94$1,317,281$0$0$399,567
95$1,322,815$0$0$399,076
96$1,324,855$0$0$397,236
97$1,322,918$0$0$393,867
98$1,316,465$0$0$388,773
99$1,304,900$0$0$381,733
100$1,287,562$0$0$372,505