Can I retire at age 71 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$62,678$62,119$61,575$61,043$60,524$58,941
2 years$31,028$30,451$29,891$29,348$28,821$27,237
3 years$20,480$19,900$19,341$18,803$18,285$16,750
4 years$15,207$14,628$14,075$13,547$13,041$11,566
5 years$12,044$11,469$10,923$10,405$9,914$8,503
6 years$9,936$9,365$8,827$8,321$7,844$6,500
7 years$8,431$7,865$7,336$6,841$6,380$5,101
8 years$7,303$6,742$6,221$5,739$5,292$4,079
9 years$6,425$5,870$5,358$4,888$4,457$3,307
10 years$5,724$5,174$4,672$4,214$3,798$2,711
11 years$5,151$4,606$4,113$3,667$3,266$2,240
12 years$4,673$4,134$3,650$3,217$2,830$1,864
13 years$4,269$3,736$3,261$2,840$2,468$1,559
14 years$3,924$3,396$2,930$2,521$2,163$1,309
15 years$3,624$3,102$2,645$2,248$1,905$1,104
16 years$3,363$2,846$2,398$2,013$1,684$933
17 years$3,132$2,621$2,182$1,809$1,493$791
18 years$2,927$2,422$1,992$1,630$1,327$672
19 years$2,744$2,245$1,824$1,473$1,183$572
20 years$2,580$2,086$1,674$1,334$1,057$487
21 years$2,431$1,943$1,540$1,211$946$415
22 years$2,296$1,814$1,419$1,101$848$355
23 years$2,173$1,696$1,310$1,002$761$303
24 years$2,060$1,589$1,212$914$684$259
25 years$1,957$1,492$1,122$835$615$222
26 years$1,861$1,402$1,041$763$554$190
27 years$1,773$1,319$967$699$500$163
28 years$1,692$1,243$899$640$451$140
29 years$1,616$1,173$836$587$407$120
30 years$1,545$1,108$779$539$368$103
31 years$1,479$1,047$726$495$333$88
32 years$1,417$991$677$455$301$76
33 years$1,359$938$633$418$272$65
34 years$1,305$889$591$385$247$56
35 years$1,254$843$553$354$223$48
36 years$1,205$801$517$326$202$41
37 years$1,160$760$484$301$183$35
38 years$1,117$723$453$277$166$30
39 years$1,076$687$424$255$151$26
40 years$1,038$654$398$236$137$22
41 years$1,001$622$373$217$124$19
42 years$966$593$350$201$113$16
43 years$933$565$328$185$102$14
44 years$902$538$308$171$93$12
45 years$872$513$289$158$84$10
46 years$843$490$272$146$76$9
47 years$816$467$255$135$69$8
48 years$790$446$240$125$63$7
49 years$765$426$226$115$57$6
50 years$741$407$212$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $759,000, adding $3,823 every year, while hoping to spend $33,946 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: 42/31/27 Blend
70$759,000$759,000$759,000$759,000
71$840,361$800,134$788,370$868,875
72$889,960$803,223$778,662$892,813
73$943,480$805,325$767,491$915,227
74$1,001,285$806,356$754,773$938,847
75$1,063,776$806,227$740,417$963,804
76$1,131,393$804,844$724,333$990,245
77$1,204,618$802,104$706,421$1,018,334
78$1,283,984$797,902$686,581$1,048,254
79$1,370,074$792,123$664,705$1,080,209
80$1,463,533$784,648$640,684$1,114,426
81$1,565,065$775,349$614,399$1,151,158
82$1,675,451$764,089$585,730$1,190,688
83$1,795,544$750,727$554,549$1,233,330
84$1,926,286$735,109$520,723$1,279,432
85$2,068,713$717,075$484,114$1,329,384
86$2,223,965$696,455$444,575$1,383,617
87$2,393,297$673,069$401,955$1,442,610
88$2,578,089$646,725$356,096$1,506,897
89$2,779,860$617,221$306,832$1,577,069
90$3,000,285$584,344$253,990$1,653,783
91$3,241,205$547,867$197,389$1,737,768
92$3,504,648$507,553$136,842$1,829,832
93$3,792,846$463,147$72,150$1,930,871
94$4,108,258$414,383$3,109$2,041,880
95$4,453,592$360,979$0$2,163,960
96$4,831,828$302,637$0$2,318,661
97$5,246,249$239,040$0$2,489,283
98$5,700,470$169,857$0$2,676,494
99$6,198,474$94,736$0$2,882,021
100$6,744,645$13,305$0$3,107,773